damn
Premium
join:2002-10-23
nyc
| Chase has gone mad. Raised my APR by 3 times
First they raised APR from 9% to 24% 3 months ago.
Now they raise it even further to 28% ??
I don't understand, they just want me to see me gone? I only have about 500 bucks of balance on it (limit is 12000), my credit score is hovering around 750. This was originally WaMu credit card and I never had any issues with them back when they were WaMu.
Oh well fuck them too, AMEX is all the way for me now.
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The best thing about piracy is the music in the keygens. |
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jadinolf
I love you Fred
Premium
join:2005-07-09
Ojai, CA | Smart move.  |
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TearAbite
join:2001-07-25
Rancho Cucamonga, CA | reply to damn
vote with your checkbook.. pay them off, then take your business elsewhere..
(now i gotta go run and look at my chase, former Wamu account) |
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Greg_Z
Premium
join:2001-08-08
Springfield, IL
 ·Comcast
| reply to damn
Next time, listen to people when they say that having Credit Cards are bad news, and no matter what, companies want your money. Worst thing is, you do not need a credit card other then to state that you have a piece of plastic advertising a bank/financial institution that is ran by crooks.
»www.bankrate.com/brm/news/cc/200···e_a1.asp
»www.creditorweb.com/articles/goo···tes.html
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I threw out the map a long time ago. Now I follow my own direction! |
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57721182
Premium
join:2009-05-10 | reply to damn
Why not just pay all your credit card bills on time and in full? |
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Greg_Z
Premium
join:2001-08-08
Springfield, IL
·Comcast
| said by 57721182  :Why not just pay all your credit card bills on time and in full? That is why his rates jumped. The CC companies classify those that keep a zero balance "Deadbeats". Now, it is not just those that cannot pay off the balance, but those that keep no balance on their card high Interest Rates. Looks like lots more people are going to be cutting the card, and learning how to put money away for those items they want, and learn to live with a Debit Card.
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I threw out the map a long time ago. Now I follow my own direction! |
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TearAbite
join:2001-07-25
Rancho Cucamonga, CA
 ·surpasshosting
·Charter Pipeline
| reply to damn
Having credit cards is not bad news.. Being in debt is..
and, contrary to what you just posted, I pay my CC's in full every month and not only do i not have a high interest rate, they just lowered it a few months ago to 7.something ..
I must have a CC because I deal with a few companies (for my business) that only take CC payments.. I also use a CC for convenience and protection when buying things online.. again - credit cards arent evil, their misuse is..
and.. if any CC company jacke'd my rate like that i'd drop them in a heartbeat.. |
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damn
Premium
join:2002-10-23
nyc
| reply to damn
I pay off balances rigorously. At some point it was maxed out and then 6 months later I paid it off completely. Now it's just day-to-day purchases. The 500 I have are from 2 trips to costco and a new camera.
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The best thing about piracy is the music in the keygens. |
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Combat Chuck
Too Many Cannibals
Premium
join:2001-11-29
Erie, PA
| reply to damn
Hey, you all (meaning most of the general public) complained to the government. The government responded and now you (meaning everyone) get to pay for the irresponsible dolts out there who bitched about the evil credit card companies (and also can't balance a check book or know what their credit limit is or any of the stuff the credit card companies tell you they will do or be bothered to save for that high screen TV, Xbox, and car they can't afford).
»blogs.consumerreports.org/money/···red.html
Yay the consumer wins... and by wins I mean gets to pay more to use credit. I can't wait till this vindication spills over into the loan market and we get to win there too.
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Come let us reason together. |
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Kibbles
Premium
join:1999-07-31
Mission Viejo, CA
| reply to damn
Prime Rate plus 23.99%..wow...if the prime ever goes back to 10-14% ...33.99% to 37.99%...
Same thing happened to my Chase card...all I am keeping it for is to keep my credit score up until I purchase a house.
I opened up a Teachers Credit Union Visa Card and so far its rate is 11%.
I heard that some CC companies are going to start charging interest the moment you make a purchase...no more grace period. 
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»www.angryrenter.com/ |
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Gemologist
Premium
join:2001-11-15
USA
clubs: 
| reply to TearAbite
said by TearAbite :I must have a CC because I deal with a few companies (for my business) that only take CC payments.. I also use a CC for convenience and protection when buying things online.. again - credit cards arent evil, their misuse is. Exactly! In today's day and age one HAS to have a credit card, period, no ifs, ands, or butts. Most online shopping places ONLY accept credit cards, traveling.. every Hotel requires a credit card on file for payment/damages/security/etc., rent a car... truck...uHaul... CC required, rent just about anything and a CC is required, no way one can live without a credit card unless they order nothing online, do no traveling requiring staying in a hotel, renting no cars or anything else ever, etc.
Nothing wrong at all with credit cards, it is how you use them that can make them wrong. But irresponsible use of ANYTHING is a bad thing!
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Images are Copyrighted and use is NOT
permitted. |
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tcope
Premium
join:2003-05-07
Sandy, UT
·Comcast
| reply to damn
Chase did the same to me... bumped mine from 10% to 13%. I called and they told me it was due to the current financial situation (hum... people are making less so you raise their rates?). I have it down to $200 right now and pay about $2.00 in interest. I plan on taking it down to about $25 and cost them money each month. Paying off the account does not cost them anything. Just close the account with a balance and let their charges rack up! |
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HardwareGeek
join:2003-11-15
Brooklyn, NY
| reply to damn
All the people I know who have gotten a similar notice (Friends got one from Capital ONe and another from HSBC and my sister got one from Citi). They aren't using their cards but have a large balance on them and have been paying more than the minimum each month.
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Email/MSN: Michael at hardwaregeeks.comAIM: MikeR35292 |
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the Grumble
Yep, I changed my name again -
join:2009-05-11
1 edit | reply to damn
Don't feel picked on, everyone will soon be getting those letters and maybe even worst ones.
Even people that pay of the balance off monthly may get a screw or two in their butts.
»finance.yahoo.com/news/Big-chang···=&ccode= |
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tim_k
Buttons, Bows, Beamer, Shadow, Kasey
Premium
join:2002-02-02
Stewartstown, PA
 ·Millenicom
 ·WildBlue
| reply to damn
They were talking about this on a radio talk show today. I pay all of my off every month, but from what I hear, they may be adding all kinds of fees and adding interest from the day of purchase. One guy who called in said when he called his CC company to complain they said they were doing it to make up for all the losses from the dead beats. Yeah, punish your good customers, that's great for business. While it doesn't really affect me those kinds of interest rates should be illegal, that's loan shark rates. If they start charging interest from day one and tack on other fees to get more money out of me, I'll have to look at using my debit card instead and see if I can avoid the fees. It's that or resorting to using checks for everything.
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RIP my babys Buttons 1/15/94-2/9/07 & Beamer 7/24/08, Buttons, Buttons video, Beamer
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KeepOnRockin
Music Lover Forever
Premium
join:2002-11-08
Beaverton, OR
·Comcast
1 edit | reply to damn
Chase has affected a lot of cardholders with these rate hikes.
They raised my father's Chase card's interest rate up quite a bit (though he has good credit and never missed/late payment).
Heck, my own Chase account was closed down by the company entirely (my credit is good as well with no missed/late payments).
I don't really mind though. I was considering closing that account once I got it paid off anyways. Now, once I pay it off, it saves me a phonecall to close it. |
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dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
| reply to damn
Chase did this to me: because i don't carry a balance and use my card not too often decided i don't need my 20K line. guess what? that drops my score from 805 to 770 and one after one i get the "i'm getting screwed letters" from my other cards[lines drop/rates jacked] and i was late on NO CREDIT AGREEMENTS!
-
I guess being considered a "deadbeat" can be costly.
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When I gez aju zavateh na nalechoo more new yonooz tonigh molinigh - Ken Lee |
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Airline0wnerFTW
@anonymouse.org
| reply to damn
Re: Chase has gone mad. Raised my APR by 3 times
And So?!!
I have 6 Major Bank credit cards and 3 Store Branded Credit cards and I DO NOT HAVE any problems with it.
I Don't give a damn even if they put a 50% APR on my cards because I ALWAYS PAY IN FULL AND ON TIME.
Please... Credit Cards a BAD THING TO HAVE? Try to tell that to me face to face and i will give you some whooop-ass financial lesson on the spot!!!
Credit Cards for me is a life saver... I DONT Need to bring cash with me even when going to other countries and I get to have a FREE 30 to 45 days loan!
Not to mention the FREE rewards and Cash backs that I am getting.
Go figure that out smart-pants! |
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Bobcat
Premium
join:2001-02-04
Bedminster, NJ | reply to damn
Capital One is increasing my APR from 2.67% to 9.99%. |
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