Chase Bank
P. O. Box 15902
Wilmington Delaware 19850
U.S.A.
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- Phone: 800-334-0601
- Web:
- Category: Banks
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Chase Bank 29.99% INTEREST RATE AND WE HAVE PERFECT CREDIT RIPOFF Wilmington Delaware
3Author
4Consumer
0Employee/Owner
My husband and I have excellent credit and are paying 29.99% interest on our Chase Credit card. My husband called and asked them to lower the rate and they said they couldn't do that. I had three accounts with Chase and have paid off one, almost paid off another, and see no end in sight for the third one.
There should be legal ramifications for this. This isn't fair. This bank is driving people to lose everything they have in an effort to get rid of their account with them!
Pam
Groveport, Ohio
U.S.A.
Click Here to read other Ripoff Reports on Chase Bank
REBUTTALS & REPLIES:
3Author
4Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Suggestion
AUTHOR: Josh - Rolla (U.S.A.)
SUBMITTED: Wednesday, May 25, 2005
POSTED: Wednesday, May 25, 2005
If you really had perfect credit, you could apply for any low-interest credit card (or a loan from a bank), do a balance transfer, and this would not be a problem. Obviously, your credit is far from perfect, which pretty much explains why your interest rate is 30%.
#2 Consumer Suggestion
AUTHOR: Pam - Groveport (U.S.A.)
SUBMITTED: Wednesday, May 25, 2005
POSTED: Wednesday, May 25, 2005
Wow! How did you get a copy of my credit report to know that I don't have perfect credit??? My husband is an Identity Theft victim. I have to fight to keep our credit clean. Some companies don't care if you were a victim, they punish you because they were dumb enough to give the thief an account they can't collect on. So your advice is way off base!!! Thanks anyway!
#3 Consumer Comment
AUTHOR: Susan - Ellensburg (U.S.A.)
SUBMITTED: Wednesday, May 25, 2005
POSTED: Wednesday, May 25, 2005
Sorry, Josh, you're way off base. I can assure you that I have perfect credit and have been a Chase customer in good standing for over 20 years, and they raised my APR from 3.99% fixed to 24.74% variable .... with no notification or justification.
I'm not a conspiracy theorist, but I strongly believe that Chase is using this latest assault on consumers as a test case for the consumer credit industry. In other words, they want to see if they can get away with it. JP Morgan Chase is one of the prime financiers of payday lenders in this country --- charging people who can ill afford it 400-780% interest on short-term credit. Perhaps they won't be satisfied till we're all paying that amount on our credit cards.
I did pay off my Chase VISA balance, but I'm not closing my account. There is a national class action just starting up to address this matter. Do some 'googling;' the information is easily accessible.
#4 Consumer Comment
AUTHOR: Joe - Platteville (U.S.A.)
SUBMITTED: Thursday, May 26, 2005
POSTED: Thursday, May 26, 2005
You should read the fine print before signing any contract...you obviously didn't. They obviously BURIED technical jargon somewhere on your application that disclosed they can raise the rate damned near to whatever they want whenever they want and that terms are "subject to change without notice" I am sure appears.
I have read some of these and it's really getting hard to find a legitimate credit card company that won't rape you the first chance they get. I think they'd rape their sister if they could.
You need to check around as there are legitimate cards out there....get the hell rid of them. Don't buy into those low teaser rates as that's just what they are...tease you then switch you up with a load of BS when you least expect it.
Good luck.
#5 Update By Author
AUTHOR: Pam - Groveport (U.S.A.)
SUBMITTED: Thursday, May 26, 2005
POSTED: Thursday, May 26, 2005
Thank you Susan for clarifying things for Josh!
#6 Update By Author
AUTHOR: Pam - Groveport (U.S.A.)
SUBMITTED: Thursday, May 26, 2005
POSTED: Thursday, May 26, 2005
This Chase credit card was originally a Huntington National Bank Credit Card. Chase bought them out. I had a bad feeling when I found out they were buying them out. Guess it was right. I am currently looking into doing a balance transfer, but in the meantime they're getting my money!
