Chase Bank Rate Increases

My story almost mirrors the author. I had two accounts raised, one from 6.99 to 12.99 and the other was 3.99 to 10%. I've been a customer with Chase for many many years and have always been faithful. I pay on time before the due dates, always pay much more than the minimal amounts, have perfect credit, and have much less balance than the the credit limit to the tune of about 20K.

I also called an spoke to two different supervisors, both were as rude as the first author stated. They basically told me that if I didn't approve the new rates I could cancel my account. Well I have paid the balances off and will never charge another thing on these accounts.

I too feel that the greediness of Chase is not a good sign for the American economy and I hope that these banks go out of business. I feel sorry for those people that can't pay off their accounts and are forced to live with the new rates, some I've heard are in the 20-25%.

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Just don't even get me going! You are very lucky to be able to pay off your accounts. You're right though. People with large balances that are stuck with high credit rates, are SOL.

These large banking corporations have us all in the same boat. We are nothing but the grass underneath their high and mighty feet. I guess they think we are all a bunch of ignorant people. Good luck to these banks in the future! They're gonna need it!