I opened a Chase Visa credit card for a fixed rate of 9.9% in 2003. Never late on any payments for years this includes all credit cards. Credit score of 760. I owed about $10,000 on this Chase Visa and have just started making some large payments. We paid $4500 in the last two months to get this account down to about $5500. I just received my Feb statement and a little notice in the statement said that my APR rate is going to be increased to 21.24% I called and asked why they said this was due to high debt. My debt is currently lower now then when I opened this account. They advised that they would not lower the rate. I closed the account.
As soon as I started making some serious payments they raised the APR to 21.24%. We will be paying this card off immediately. I would suggest that you DO NOT DO BUSINESS WITH CHASE.
Chase bank scumbags are loan sharks!!!
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