Chase Credit Card ripoff Wilmington Delaware

and I paid off my Chase credit cards. I have other cards with much lower interest rates. Why should I use a card that is higher? Those little checks they send me twice a week trying to get me to transfer balances go into my shredder.

Justin - Norman, Oklahoma U.S.A.

We appreciate your comments.

I've always got excellent service out of Chase..and having good credit and paying in full never got rates hijacked.

I basically used the crdit card for convenience and the rebates. Wasn't unitl I closed my account they Chase refused to give me my rebates I had an issue..

On the other hand, I am rethinking the logic of rebates..becuase it sounds like that is a lot of exposure.

If you have any suggestions as to better cards, best companies, or whatever, for someone with a good credit score (over 700) I would appreciate them.

Thanks for your insightful comments and your time. They are valued and very much appreciated.

Regards,

I also liked the guy that said he autopaid the miniumum.then paid the balance. I have always paid any dispuite, when temporarily credited, until it was a done deal, just in case it was nto resolved.

For a final balance, I pay and then recheck the account on line or via phone. And then check again.

Justin - Norman, Oklahoma U.S.A.

We appreciate your comments.

I've always got excellent service out of Chase..and having good credit and paying in full never got rates hijacked.

I basically used the crdit card for convenience and the rebates. Wasn't unitl I closed my account they Chase refused to give me my rebates I had an issue..

On the other hand, I am rethinking the logic of rebates..becuase it sounds like that is a lot of exposure.

If you have any suggestions as to better cards, best companies, or whatever, for someone with a good credit score (over 700) I would appreciate them.

Thanks for your insightful comments and your time. They are valued and very much appreciated.

Regards,

I also liked the guy that said he autopaid the miniumum.then paid the balance. I have always paid any dispuite, when temporarily credited, until it was a done deal, just in case it was nto resolved.

For a final balance, I pay and then recheck the account on line or via phone. And then check again.

Justin - Norman, Oklahoma U.S.A.

We appreciate your comments.

I've always got excellent service out of Chase..and having good credit and paying in full never got rates hijacked.

I basically used the crdit card for convenience and the rebates. Wasn't unitl I closed my account they Chase refused to give me my rebates I had an issue..

On the other hand, I am rethinking the logic of rebates..becuase it sounds like that is a lot of exposure.

If you have any suggestions as to better cards, best companies, or whatever, for someone with a good credit score (over 700) I would appreciate them.

Thanks for your insightful comments and your time. They are valued and very much appreciated.

Regards,

I also liked the guy that said he autopaid the miniumum.then paid the balance. I have always paid any dispuite, when temporarily credited, until it was a done deal, just in case it was nto resolved.

For a final balance, I pay and then recheck the account on line or via phone. And then check again.

Justin - Norman, Oklahoma U.S.A.

We appreciate your comments.

I've always got excellent service out of Chase..and having good credit and paying in full never got rates hijacked.

I basically used the crdit card for convenience and the rebates. Wasn't unitl I closed my account they Chase refused to give me my rebates I had an issue..

On the other hand, I am rethinking the logic of rebates..becuase it sounds like that is a lot of exposure.

If you have any suggestions as to better cards, best companies, or whatever, for someone with a good credit score (over 700) I would appreciate them.

Thanks for your insightful comments and your time. They are valued and very much appreciated.

Regards,

I also liked the guy that said he autopaid the miniumum.then paid the balance. I have always paid any dispuite, when temporarily credited, until it was a done deal, just in case it was nto resolved.

For a final balance, I pay and then recheck the account on line or via phone. And then check again.

Granted; I am an idiot, but attacking the attacker is a logical fallacy: let us continue to examine the crux of your argument...

You're saying that Chase (the WHOLE company) is tied together. You could not be more wrong.

Credit card services is seperate from banking, from business accounts, from stocks and bonds, and I could go on, but I would bore you. It's a huge company, based in one single aspect:

money.

and yes, they are trying to make money.

and yes, they are raising rates. but who else is? the US government. Prime has gone up every quarter (at least) since 2003, and will more than likely continue to do so. and what has tripled since the year 2000? The debt held by private individuals.


so, what are banks in this industry doing? raising rates, trying to make ends meet. most cards offer those tempting 0% offers - they get the people who pay their bills, those without woes and throes of lateness and defaults and *gasp* bankruptcy on their credit history. No credit card company works the same way as another, but I can tell you right off the bat that it's wrong to assume that they're "making mistakes" because every single other credit card company goes through the exact same woes in this regard.

my suggestion, is to goto wikipedia (it's in your language no matter what) and look up "credit cards." you'd be suprised exactly what you'll learn.

it doesn't change the fact that it's not a trojan horse, or something: it's not like you couldn't see through the credit card companies. I'm going to put the crux of my argument in a single sentence as to make sure people understand and see it...


credit card companies reserve the right to change any term or any condition at any time for any reason.

that's it: that covers 'em completely. they can do what they want and how they want to - to anyone.

so, if you have lots of debt, and little available credit, they'll reprice your account. that simple.

the world of credit is much more complex than anyone on this website would ever comprehend, and more than even myself.

so, with that, i take my leave of this argument: there's no need for anything else to be said.

OK, have read several of your learned responses, Justin. But you are an aggressive idiot with your rebuttals and don't appear to know what you are defending here. We are all aware of cardmember agreements. However, Chase is jacking everybody right now.

Excellent credit scores are not a protection against it. Amount of income doesn't matter, either. Chase is raising rates through the roof because of their own bad business decisions and no other reason. The best thing that could happen would be for everyone to wise up, pay them off ASAP, refuse to do any further business with Chase, and let Chase fold up permanently.

Banks were apparently using low margin business to sell high-margin investment banking businss: commercial loans. This has JP Morgan/Chase in a bit of a bind. As the once-gentlemanly business of providing revolving credit lines evolved into a sharp-elbowed competition to provide investment banking services, Chase embraced the new aggressive tactics. Frequently, loans were seen as a lever to gain more highly profitable investment banking business.

In the late '90s, the most needy borrowers, not coincidentally, also provided the most lucrative investment banking opportunities. Deal-junkie energy traders (Enron), telecommunications infrastructure giants (WorldCom, Global Crossing), and serial acquirers like TycoChase lent to them all with abandon. Of course, anybody who has applied for a line of credit knows that bankers routinely turn down opportunities to lend money. Increasingly, however, Chase abandoned the risk-averse posture of a commercial banker for the transaction-driven mania of an investment banker. Shying away from risky deals would have meant forfeiting lucrative fees and market share to Citigroup, as well as Merrill Lynch and Goldman Sachs.

Now Chase is paying the price for letting investment banking imperatives overwhelm sound lending judgment. Today Chase, with a market cap of $49 billion, is a mere shadow of Citigroup, which is worth $191 billion. As Chase retrenches, slashing jobs and exiting businesses, Citigroup continues to expand through acquisitions. Indeed, despite all the reputational damage it has suffered, much of Citigroup's core business is sound. The same can't be said for Chase. And it's easier to make over an image than a balance sheet.

Well, had you gone over the Cardmember Agreement, you would realize that they never can actually go by what the people over the phone say: the statements and the cardmember agreement are the final arbiters.

which means, the contract you signed to get the plastic to begin with is binding, and they can do / charge what they want within reason. And yeah, that's legal. in every last state in the union.