Chase Bank Rip off

by Rik
(Orlando, FL)

Same story as above. I have a 25,000 spending limit @ 5.99% fixed rate being hiked to 14.99%!

My other card, 7.99% fixed rated being hiked to 13.99%.

Never been late, and I'm furious!

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You are right Rik! This is infuriating to say the least. The fact that they can change a FIXED rate is outrageous. Hence the word 'fixed'.

I kept reminding the supervisor the whole time I was on the phone, that we were Chase Bank's bread and butter. What would they do without customers? I also kept telling her that Chase Bank was shooting themselves in the foot by doing this.

Bottom Line: They needed to make more money! At a time when other entities are lowering rates, the credit card industry just doesn't seem to get it. We are all in a quandry. How the hell can they expect us to pay more, when we don't have the money to pay except for incrementally? Otherwise, we wouldn't have used our credit cards. A**holes!

I am in NC and all homeowners insurances are expected to go up too. The insurance companies wanted a 105% increase, but the commission said no. Now some of us are still facing a 30% increase. (Better than 105% but still!) I live out in the country surrounded by woods, but the county I live in is also a beach location. Even though I don't live on the water, I gotta pay the price.

Where does it end?