NY TV news story on Chase abruptly raising minimum payments
Now that the outage is over, back to the real Chase-Sucks news – the stuff that Chase does to customers every day.
While extortion is a pretty strong word, how would you describe it when Chase knowingly puts people into an impossible situation by raising minimum payments. Great story.
Bad bad Chase, Fees & charges | admin September 17, 2010
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By Jerry, September 20, 2010 @ 5:26 am
Incredible!
This practice must have escaped the credit card reform legislation.
I also recently have bad experience with Chase credit cards. My credit limit on my Chase VISA and a former WaMu VISA was greatly reduced in spite of being a long time customer with lifelong excellent credit history. I happened to catch the change when checking my accounts as I try to do daily. The notice of the change came in the mail a couple of weeks after the fact.
Since Chase considers me too risky, I now consider them to be unworthy to be my bank.
I closed my Chase investment brokerage account and moved back to T. Rowe Price. I have accelerated paying off my mortgage at Chase and should be Chase free in 12 months or less.
By john, September 24, 2010 @ 4:47 am
i will pay off my chase cc and close my acc w/them soon, i have very very bad experiences w/chase about 2 years,i hate chase.