Comments on: Chase Credit Cards: Interest Rate Hike? Letter of Doom. http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/ Technology, Movies, Music, Video Games Sat, 04 Sep 2010 16:33:36 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Max http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-3841 Max Fri, 08 Jan 2010 14:56:06 +0000 http://www.afagandhishag.com/troy/?p=751#comment-3841 Join our group...we are giving the credit card companies a REALITY CHECK! We bailed their ass out and this is how they thank us. We are a group that are going to boycott further payments until they drop the interest rates! Play fair, or we aren't playing. We can break them if they don't come to their senses. Its a numbers game and we are holding all the cards...literally! Stop paying for 6 months and they will be singing a different song! If you are tired of being bullied by Chase and Capitol and the rest of em...join us! Join our group…we are giving the credit card companies a REALITY CHECK! We bailed their ass out and this is how they thank us. We are a group that are going to boycott further payments until they drop the interest rates! Play fair, or we aren’t playing. We can break them if they don’t come to their senses. Its a numbers game and we are holding all the cards…literally! Stop paying for 6 months and they will be singing a different song! If you are tired of being bullied by Chase and Capitol and the rest of em…join us!

]]> By: Burned by Chase http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-3825 Burned by Chase Sat, 02 Jan 2010 02:29:44 +0000 http://www.afagandhishag.com/troy/?p=751#comment-3825 We had two credit cards with Chase. One directly through Chase and one through Wa Mu (who chase bought out). They raised the interest on one of the cards from 13 percent to 23.24 percent. There was no notice sent to us in relationship to the interest hike. We always over pay on both of them and have only paid the minimum amount probably 3 times all told. NEVER ever a late payment. What a crappy way to reward their faithful customers. My credit score is sterling and I won't let these guys kick me in the teeth. We went to the bank that we have been with for over a decade and arranged a credit card through them at slightly over 8 percent. I will NEVER do business with CHASE again. Dirty Dogs that they are. We have paid them off completely and have moved on. I do wonder what they will do for a customer base in the future though. Probably turn to the young people who don't know better yet. We had two credit cards with Chase. One directly through Chase and one through Wa Mu (who chase bought out).
They raised the interest on one of the cards from 13 percent to 23.24 percent. There was no notice sent to us in relationship to the interest hike. We always over pay on both of them and have only paid the minimum amount probably 3 times all told. NEVER ever a late payment.
What a crappy way to reward their faithful customers. My credit score is sterling and I won’t let these guys kick me in the teeth. We went to the bank that we have been with for over a decade and arranged a credit card through them at slightly over 8 percent. I will NEVER do business with CHASE again. Dirty Dogs that they are. We have paid them off completely and have moved on. I do wonder what they will do for a customer base in the future though. Probably turn to the young people who don’t know better yet.

]]> By: Clara C. http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-3594 Clara C. Wed, 28 Oct 2009 00:14:51 +0000 http://www.afagandhishag.com/troy/?p=751#comment-3594 Never a late payment, always paid my accounts forward as aggressively as I can. No luxuries, no meals out, no movies, only paying down, down, down. The only reason I have Chase cards is because they were bought out from WaMu by Chase. Just received a notice that they're raising my rates to 21.25% from 12.9% and 17% respectively. This is a living nightmare. The first line of defense is to switch my salary's direct deposit to my credit union; Chase has played too much with my earnings already. The next is to pay those balances off immediately ANY WAY I CAN which includes selling stuff on Craigslist, Ebay, and maxing out my credit union line of credit to pay off those balances. I've been trying to help out my brother, who's unemployed and about to be evicted, and I don't know how I'm going to manage, but I will. If Chase flounders as a result of so many irate consumers fighting back, there can be no bailout for these predators. NONE! Never a late payment, always paid my accounts forward as aggressively as I can. No luxuries, no meals out, no movies, only paying down, down, down. The only reason I have Chase cards is because they were bought out from WaMu by Chase. Just received a notice that they’re raising my rates to 21.25% from 12.9% and 17% respectively. This is a living nightmare.

The first line of defense is to switch my salary’s direct deposit to my credit union; Chase has played too much with my earnings already. The next is to pay those balances off immediately ANY WAY I CAN which includes selling stuff on Craigslist, Ebay, and maxing out my credit union line of credit to pay off those balances.

I’ve been trying to help out my brother, who’s unemployed and about to be evicted, and I don’t know how I’m going to manage, but I will. If Chase flounders as a result of so many irate consumers fighting back, there can be no bailout for these predators. NONE!

]]> By: Peeved http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-3579 Peeved Wed, 21 Oct 2009 19:35:50 +0000 http://www.afagandhishag.com/troy/?p=751#comment-3579 The assholes did the exact same thing to me this month: NO NOTIFICATION WHATSOEVER, just the rate suddenly jumping from 7.99 to 14.24% on my statement. I've had this card with 7.99% since 2000, so I only noticed the increase by accident, as after all this time I hardly ever check that rate which was SUPPOSED TO BE GUARANTEED fixed unless I was late or missed a payment or something like that. Which I've never done, not on any of my cards with any company, ever. Thanks to your post I guess I can rest pretty much assured that this has nothing to do with whatever I've done or not done, the bastards just decided to squeeze more money out of us... What a lovely bunch they are... I used to think Chase was reliable, as until now they've never attempted any tricks on me like a couple other CC issuers have in the past, but after this sneaky move I'll be looking forward to ending my business with them ASAP. Take a hint, Chase: if you want to raise rates, at least do it in the open, DON'T TRY TO SNEAK SHIT PAST PEOPLE! The assholes did the exact same thing to me this month: NO NOTIFICATION WHATSOEVER, just the rate suddenly jumping from 7.99 to 14.24% on my statement. I’ve had this card with 7.99% since 2000, so I only noticed the increase by accident, as after all this time I hardly ever check that rate which was SUPPOSED TO BE GUARANTEED fixed unless I was late or missed a payment or something like that. Which I’ve never done, not on any of my cards with any company, ever. Thanks to your post I guess I can rest pretty much assured that this has nothing to do with whatever I’ve done or not done, the bastards just decided to squeeze more money out of us… What a lovely bunch they are… I used to think Chase was reliable, as until now they’ve never attempted any tricks on me like a couple other CC issuers have in the past, but after this sneaky move I’ll be looking forward to ending my business with them ASAP. Take a hint, Chase: if you want to raise rates, at least do it in the open, DON’T TRY TO SNEAK SHIT PAST PEOPLE!

]]> By: Jarrod http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-3566 Jarrod Sat, 17 Oct 2009 05:21:52 +0000 http://www.afagandhishag.com/troy/?p=751#comment-3566 Chase tried to stick it to me this month too. It is great though because I had such a low balance, it was easily paid off. I received no notification of this rate increase. I've had this card since 2005. I have never had one late or missed payment on this card, or any other card for that matter. Anyway, I was paying my bills today and just by chance I looked down the statement and saw the rate. It went from 7.99 to 14.24%. I know this doesn't seem like much, but it was almost double. If I was carrying a large balance it would have really screwed me. I called customer "no" service and they basically gave me a blanket statement. It is due to economic conditions and it had nothing to do with anything I did. Yeah, that seems fair. You spend your whole life trying to build a good credit history to get decent rates and apparently it means nothing. The lady on the phone didn't care and the supervisor they sent me to in their retention center cared even less. Well, you should really keep it for an emergency. No thanks. I think I'd rather save money that get f'd in the A in an emergency. Chase can suck it. Honestly, all credit card companies can suck it. They breed us from birth to be good little consumers "He with the most toys wins" attitude and we all live at the end and beyond our means and spend our lives in debt, hanging by a thread. Someone is getting rich out there off these cards, and most likely it is someone that was already rich. If you want to really put it into perspective look at your interest rate on your savings account. It's typically one percent. How much is your money worth compared to the money you borrow from these blood suckers? I work hard for mine. This entire country has become the same thing. The people that work hard take it in the ass and carry the weight of the people that don't. Regardless, from here on out, no more credit cards for me. I'm done trying to keep up with the Joneses. The more stuff you own ends up owning you. No thanks. Oh yeah, F U Chase! Chase tried to stick it to me this month too. It is great though because I had such a low balance, it was easily paid off. I received no notification of this rate increase. I’ve had this card since 2005. I have never had one late or missed payment on this card, or any other card for that matter. Anyway, I was paying my bills today and just by chance I looked down the statement and saw the rate. It went from 7.99 to 14.24%. I know this doesn’t seem like much, but it was almost double. If I was carrying a large balance it would have really screwed me. I called customer “no” service and they basically gave me a blanket statement. It is due to economic conditions and it had nothing to do with anything I did. Yeah, that seems fair. You spend your whole life trying to build a good credit history to get decent rates and apparently it means nothing. The lady on the phone didn’t care and the supervisor they sent me to in their retention center cared even less. Well, you should really keep it for an emergency. No thanks. I think I’d rather save money that get f’d in the A in an emergency. Chase can suck it. Honestly, all credit card companies can suck it. They breed us from birth to be good little consumers “He with the most toys wins” attitude and we all live at the end and beyond our means and spend our lives in debt, hanging by a thread. Someone is getting rich out there off these cards, and most likely it is someone that was already rich. If you want to really put it into perspective look at your interest rate on your savings account. It’s typically one percent. How much is your money worth compared to the money you borrow from these blood suckers? I work hard for mine. This entire country has become the same thing. The people that work hard take it in the ass and carry the weight of the people that don’t. Regardless, from here on out, no more credit cards for me. I’m done trying to keep up with the Joneses. The more stuff you own ends up owning you. No thanks. Oh yeah, F U Chase!

]]> By: Jay http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-3522 Jay Fri, 02 Oct 2009 14:10:44 +0000 http://www.afagandhishag.com/troy/?p=751#comment-3522 Hey people, Don't think closing the account will keep them from raising your rate. I closed our account in Feb. 2009. I just opened my statement for Sept. and low and behold!, they raised the rate anyway. I'm thinking of asking them to open the account back up, max it out, and then walk away. Never, NEVER, have been late or missed a payment. That may change!! Hey people,
Don’t think closing the account will keep them from raising your rate. I closed our account in Feb. 2009. I just opened my statement for Sept. and low and behold!, they raised the rate anyway. I’m thinking of asking them to open the account back up, max it out, and then walk away. Never, NEVER, have been late or missed a payment. That may change!!

]]> By: Rhonda http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-3299 Rhonda Thu, 20 Aug 2009 04:24:01 +0000 http://www.afagandhishag.com/troy/?p=751#comment-3299 REVOLT AMERICA! We must unite! They are legal loan sharks, and I for one am not paying them one more dime! REVOLT AMERICA! We must unite! They are legal loan sharks, and I for one am not paying them one more dime!

]]> By: Arlene Berger http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-3055 Arlene Berger Fri, 17 Jul 2009 00:58:47 +0000 http://www.afagandhishag.com/troy/?p=751#comment-3055 Chase has gone crazy with these interest rate hikes. I have excellant credit and have never been late with a payment. After charging and paying down over $20,000 in debt within only 2 months, I opened my June bill to find the balance of $2,000 with a 19.99% interest rate attached. Needless to say, I was very angry when I called Chase and was told, rather rudely, that this move is due to the economic situation and, to make me feel better, this was an "across the board" decision. How nice to know that I am not alone in this rip-off. Wait! It gets worse......my July statement came with another increase....a whopping 26% rate. I plan to transfer my balance to Citi who, by the way, was gracious enough to negotiate a lower rate of 9.99% after they also increased the rates. Chase has gone crazy with these interest rate hikes. I have excellant credit and have never been late with a payment. After charging and paying down over $20,000 in debt within only 2 months, I opened my June bill to find the balance of $2,000 with a 19.99% interest rate attached. Needless to say, I was very angry when I called Chase and was told, rather rudely, that this move is due to the economic situation and, to make me feel better, this was an “across the board” decision. How nice to know that I am not alone in this rip-off. Wait! It gets worse……my July statement came with another increase….a whopping 26% rate. I plan to transfer my balance to Citi who, by the way, was gracious enough to negotiate a lower rate of 9.99% after they also increased the rates.

]]> By: Eliduc http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-2709 Eliduc Fri, 03 Jul 2009 23:02:51 +0000 http://www.afagandhishag.com/troy/?p=751#comment-2709 All of you who do not have life of the loan accounts are probably screwed. For those of you who do you should flood the Comptroller of the Currency office that regulates banks with complaints. He has indicated that he is sympathetic and there have already been 14 class action suits filed against Chase for violation of the Truth In Lending Act and fraud among other things. You can search the web to find if there has been a class action filed in your district and request the law firm to make you a representative plaintiff. Switching balances to another card is unsafe because another company can raise your rates just as Chase has done. Another 850,000 card holders were sent notices in June that their life of the loan minimum payment was going to be increased from 2% to 5%. This after several class actions were filed against Chase for doing the very same thing to card holders in January. By the way, this raising of the minimum payment was encouraged by our federal regulators during the Bush administration. Why do you suppose the banks were given nine months before the new credit card reforms go into affect? Do you suppose our elected representatives could have been bought off by the banking lobby? All of you who do not have life of the loan accounts are probably screwed. For those of you who do you should flood the Comptroller of the Currency office that regulates banks with complaints. He has indicated that he is sympathetic and there have already been 14 class action suits filed against Chase for violation of the Truth In Lending Act and fraud among other things. You can search the web to find if there has been a class action filed in your district and request the law firm to make you a representative plaintiff. Switching balances to another card is unsafe because another company can raise your rates just as Chase has done. Another 850,000 card holders were sent notices in June that their life of the loan minimum payment was going to be increased from 2% to 5%. This after several class actions were filed against Chase for doing the very same thing to card holders in January. By the way, this raising of the minimum payment was encouraged by our federal regulators during the Bush administration. Why do you suppose the banks were given nine months before the new credit card reforms go into affect? Do you suppose our elected representatives could have been bought off by the banking lobby?

]]> By: sherry http://www.universebot.com/2009/01/28/chase-credit-cards-interest-rate-hike-letter-of-doom/comment-page-1/#comment-2646 sherry Wed, 01 Jul 2009 21:07:51 +0000 http://www.afagandhishag.com/troy/?p=751#comment-2646 I transferred all my cards over to Chase so as to utilize life of loan 4.9%....this included charges made to finish our house. Anyway, put way too much on it! But at 4.9% for life of loan, well, it was too good to pass up. I got notice that they were going from minimum payments of $430 to $1100 a month!!! Now, on one hand, this will will, in the end, eliminate this card balance in a year and half. But I thought about transferring the amount over to my Bank America card, which I recently paid off. Getting desirable offers from them, but not life of loan offers. I have made myself sick going over my budget trying to find $1100 to put on this card........Is suicide an option? just kidding. I transferred all my cards over to Chase so as to utilize life of loan 4.9%….this included charges made to finish our house. Anyway, put way too much on it! But at 4.9% for life of loan, well, it was too good to pass up. I got notice that they were going from minimum payments of $430 to $1100 a month!!! Now, on one hand, this will will, in the end, eliminate this card balance in a year and half. But I thought about transferring the amount over to my Bank America card, which I recently paid off. Getting desirable offers from them, but not life of loan offers. I have made myself sick going over my budget trying to find $1100 to put on this card……..Is suicide an option? just kidding.

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