Chase - Cardmember Service increased interest rate from 14.5% to 27.5% on small business account ripoff Wilmington Delaware

I also had a problem recently with Chase cardmember services. My interest rate was upped to 28.4%, and when I called to ask why, I was informed that it was due to "late fees."

I had called from work, so i looked up my old bills, and could not find any late payments... Coincidentally, I was refinancing my home, and when I had my credit checked, Chase had listed me as severly delinquent on multiple accounts, which I never had. (It turns out that they had been sending me a yearly fee for a line of credit to my physical address, not my mailing address.) I had never accessed the line of credit, and the company DID release the delinquent notices on my credit report, but the card company will not reduce the rate.

Needless to say, I have cancelled the credit card, and will be using another company.