Chase Credit Cards
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- capn_ron
Anyone else have a Chase Credit Card whose minimum payment went up over double?
Our minimum payment was $300 and went up to $763. The interest rate is the same, but they are saying that the minimum payments are changing from 2% to 5% or your total balance. I am pissed because I am going to scramble to afford this change.
Here is a little more info I found.
http://credit.about.com/b/2009/0…
- kgvs720
Mine went up from 33 to 43. I've been thinking a lot about the consolidation of the Banking system in the US. These motherfos are greedy.
- capn_ron0
Yeah, my wife and i put some debt onto this card specifically for the 3.99% for the life of the transfer. We have worked our a$$ off to pay it down, but this is just plain overboard. I am really starting to hate Chase.
- d_rek0
i use 5/3rd, while my apr jumped upto 10.99 (from 8.99) my minimum has stayed the same. Luckily I have been rather dilligent about paying it off.
However I have a friend who uses chase and he doesn't seem to be too happy with them.
- rosem0
shitty. I still don't get why so many people buy on credit when shit like this happens all the time.
- DCDesigns0
They banks are going to do this until Jan 2010, then new regulations are going to kick in. So they are raping everybody while they can.
- version30
i guess it all depends on your rating...
★★★★★
- version30
what do you expect, their reports lately look like this...
☈
- Knuckleberry0
mine got doubled
- scarabin0
i cut up all mine years ago. fuck that shit.
when you borrow money from people, you are immediately under their power. they can do whatever the fuck they want to you
- insomnie0
stop using credit cards to buy shit. i use my credit card to pay bills monthly and pay off my balance in full every month. never had this problem.
- insomnie0
stop using credit cards to buy shit. i use my credit card to pay bills monthly and pay off my balance in full every month. never had this problem.
- MrDinky0
I carry no debt
- insomnie0
my only debt is college loans.
- JonnyPompa0
Soon as pay mine off i'm done with them forever. Goodbye blood sucking vampires.
- MrDinky0
I am afraid that housing would put me back in debt
- capn_ron0
I didn't know our qbn was so full of financial geniuses. I haven't used my credit card in almost two years, i am merely paying off my prior stupidity. I know , credit card companies are the worst, but this takes it over the top.
- harlequino0
If you're talking about the same one that we have, then call them and make them explain the options you have. There was a letter that went out (wonderfully vague letter, that is) explaining your options. Basically you can disagree with it, and then they'll cancel your card when the balance is paid or expires. But be careful, you don't want THEM canceling you, that screws your credit.
Our balance is low enough that we're paying the rest off in 1k chunks over the next few months, and then to hell with them.- i've read about this. I am thinking about calling back and asking. Seems others have had this option as well.capn_ron
- fooler20
I had a Discover card for over almost 20 years and always paying on time and paying it off completely every few years.
Last year I noticed my APR was jacked up to over 20 percent. I called them and asked what happened to my single digit APR and they said a letter went out telling people they could dispute the increase by writing a letter or it would be automatically raised.
God only knows how many months I paid that before I noticed.
I wrote them to reduce it and they came back by lowering by 1 or 2 %.
Fuck that I told them and transferred the balance and now I'm trying to get completely debt free.
- capn_ron0
i hear you. I am working on being debt free as well. It gets tough sometimes with random things that come up whether it be something with the vehicle, a new washing machine or even something medical. I guess it is just time to manage that shit accordingly and get rid of the credit cards.
- MrDinky0
My AMEX wrote me a letter saying that they would increase my rate because "times are tough for everyone" and I been such a good customer. The upside they told me, is that they wont cancel my card.