• Report: #523681

Complaint Review: Chase

  • Submitted: Sat, November 14, 2009
  • Updated: Mon, November 16, 2009

  • Reported By: K — Cedar Rapids Iowa U.S.A.
Chase
New York, New York United States of America

Chase doubled my intersts rate overnight on a card that was fixed for 20 years. I have never been late on any payments and have perfect credit. New York, New York

*Consumer Comment: They'll the same

*Consumer Comment: was it really fixed?

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Chase Bank is a rip off corporate bankster bank. I had a credit card with them for over 20 years and I have excellent credit. I had a fixed credit card with an interest rate of 5.9 percent during this whole time. I have a balance for a business I own and was never late with my payments yet they raised my rate to over 11 percent for no reason. After calling and telling them it is a fixed rate and has been that all along the robot on the other line just stated that all I could do was close the account. So that's what I did and as far as what the jerk said that would freeze my old rate. I will use the local credit union from now on.

The big banks don't give a d**n about their customers and are screwing us because they got the bailout money and continue predatory lending from charging large fee..lol..what a joke. My question to him why is it  taking  so long time so they can screw with us over big time? Wall Street and the Corp Banksters still continue taking our money. That's why he gave trillions of tax payers money to them so they could stick it back to us and insult us with their high fees and interest rates!  I'm mad as Hell and I'm not going to take it anymore.  We need to stop the lawless criminals from stealing us blind. 

Bankster and Wall Street keep paying billions of tax payers money for bonuses in excess of in excess of billions of dollars. They should all be in prision!


This report was posted on Ripoff Report on 11/14/2009 01:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/Chase/New-York-New-York-/Chase-doubled-my-intersts-rate-overnight-on-a-card-that-was-fixed-for-20-years-I-have-ne-523681. 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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#1 Consumer Comment

They'll the same

AUTHOR: Honeywell - (USA)

I hate to say it but they are all the same.  Unfortunately, that is the American way.  If you want to make more money then you raise your cost to the consumer.  It goes all the way from the banks to the automakers to the fast food industry.

I mean, think about it, you now go out and buy a hamburger.  What do they do?  Not just raise the price, which can be understood with inflation and all but they decrease the size of the hamburger too.  And that's the deceitful part of about it.  But as I said, that's the American way.

I work for a company that decided six months ago to have a 5% rate increase on our product.  Then, 2-3 months later when they are sitting their scratching their asses trying to figure out why sales have plummented, they go out and put out a 10% Instant Rebate.  Brilliant. 

Until the US Government starts to reemphasize the importance of self-employed workers, small businesses and entrepreneurship then this country is doomed.  They give out loans to the banks and automobile industry that have been screwing us for years, but they can't come up with a dime for the small families  running their own business and barely making ends meet.

 

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#2 Consumer Comment

was it really fixed?

AUTHOR: Flynrider - (U.S.A.)

  Just because your interest rate didn't change for 20 years does not mean it was fixed at 5.9%.   Did you ever bother to read the numerous credit card agreements they sent you over the years?  No bank is going to guarantee a fixed rate for that long on a revolving credit account.

   You can take your business elsewhere, but virtually all revolving credit agreements are the same.   The issuing bank reserves the right to change the terms whenever they feel like it.    That is why I tell everyone I know that borrowing money through a credit card is for suckers.    The system is designed so that you can never be sure what that item you charged today will eventually cost you.

   Next time you get another credit card, spend a half hour and read all of the fine print in that little folded pamphlet.   If you still think it's a good idea to borrow under those terms, you'll have no one to complain about except yourself.

 

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