Chase Bank Chase interest rip-off Wilmington Delaware

Chase Bank screwed me too. I had opened the account years ago with Bank One. When Chase took over my minimum monthly payment doubled. I had just lost my job but was still making all of my payments on time. I called them up to ask if there was anything they could do to work with me; they had some sort of "hardship" program they enrolled me in where my monthly payments went back to what they were and the interest rate was fixed at 12.9% for a 1 year period.

Once the 1 year was up I received notice that I had successully completed the program and my account would now return to prior status. The only problem is that they jacked my interest rate to 29.9%.

When I called to inquiry they told me that due to my enrolling in that program I was now considered a high risk, even though I had never defaulted on the payments. I re-read the terms of this agreement and there was absolutely nothing stating I would be subject to a higher interest rate. The good news is that my only other credit card is with Capital One with a fixed rate of 8.9%; in the 7 years I've had an account with them they have never changed my interest rate. They were more than happy to transfer the balance from my Chase card whom I will NEVER do business with again.

I've made sure my family and friends are aware of how Chase does business as I do not want to see anyone else fall for this scam.

Djgirl
Liverpool, New York
U.S.A.