I wouldn't trust CHASE

[StillHope]

I barely escape a huge trap...

Before you read any further

I'd like to say that I am perfectly aware of the right of a credit card

company to change the agreement at any time.

But it's not WHAT Chase credit card did,it's

HOW they did it.

I heard less reputable companies do it to risky clients :

wait for the right moment and set a trap..

I would consider myself a very reliable customer of Chase bank for many years.

I financed a new vehicle with them 5 years ago,paid it off in less than 2,never late.

For many years I had 5.9% fixed rate with 1 % cash back bonus.

And I didn't have any debt - paid my balance every month.

Late on October I charged all my shipment and moving cost to Hawaii

on the card and in November paid 3K more than was on the

statement,knowing what the next statement will be.

Still 5.9% fixed.

Guess what?

My next statement had more than double APR

and VARIABLE rate into the bargain.!!!


Anyway,they claimed that they sent me a letter about change of terms -BS! Never received it.

So I was lucky to catch it on time,closed the account and as an "opt out" option kept 5.9% fixed on the remaining balance.


Another thing they did recently : "Sorry,our website will be closed
(3 days before the payment due).
Usually pay a day before.Could have been the late charge
(Who is checking their stupid website every day?

Again,it's not about WHAT.

It's about HOW they did it.

(In the past when a friend of mine told me the similar story (the moment she made a much bigger charge than usual,they dramatically changed her APR),

I asked Chase on a couple occasions about that situation.

They swore they only do it to people who default on payment or being late.
We are talking double the APR here,not some adjustment to the market..

I don't know about you,but I'd never deal with Chase again.