- Report: #430928
Report - Rebuttal - Arbitrate
Complaint Review: Chase Visa Card
Chase Visa CardP.O. Box 94014 Palatine, Illinois U.S.A.
Chase Visa Card 2.99,3.99, and 4.99% for the life of the loan. Now I get an extra $10/mo finance charge for having a balance plus. Palatine Illinois
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Suddenly I recently received NOTICE that I would be billed $10 each month that I had a balance on the card. This is listed as a finance charge on my statement. They also increased my monthly minimum payment more than double - or 5% of the balance. Before, I paid more than the minimum amount due but never what they want now.
Because I only have the promotional amounts on my bill and no purchases, I am being charged more than the promised interest when they add on the $10.
Seems like a breech of contract. I have to pay them or they up my rates or I lose the promotional rate.
I dont have any rate over 4.99% and over 1/2 is below that. My billing statement says I am now paying an Effective Annual Rate of 5.74%. It's still below what other cards are but not what I signed up for.
Wary but wiser
This report was posted on Ripoff Report on 03/04/2009 09:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/Chase-Visa-Card/Palatine-Illinois-60094-4014/Chase-Visa-Card-299399-and-499-for-the-life-of-the-loan-Now-I-get-an-extra-10mo-430928. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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