Chase Manhattan Bank USA, Chase Platinum, Visa One
Chase Platinum Visa, Chase Manhattan, Bank OneChase Manhattan Bank USA Visa One credit fraud by Chase Bank One Chase Ripoff or Phoenix Arizona

I opened the credit card with Chase Manhattan 10 years ago because I have home (mortgage) loan with the same company.

All went OK - I have 100% perfect credit report - am credit truthworthy.

1 - I am getting checks - 10 each month -from the Chase Credit - "use it anyway you want at the purchase rate (9%)" - Chase wantes me to max up

2 - Chase credit card is purchased (renamed to?) Bank One credit card - in the next statement - I got small print note that my rate is going up to 17% - this is 2004 - when the bank money cost is like 2%. There is no reason for the rate increase.
Credit is perfect - 50% my mortgage with the Chase is paid off at $60K.

3 - Upon my own investigation I find out that I have a choice to refuse the term and close the card at the original, this is Chase terms.

4 - Card is closed - I am paying it off - with minimum payment required plus 20% more. Credit card is closed, this is 0 credit is available, I am paying as agreed.

5 - Bank One credit card merges or changes to - Chase again and the name is Chase again.

6 - I am late - 5 days - with February payment ($281 minimum) - I started new job in January - and moving my offices, some papers were temporary displaced. I send $600 ASAP - BUT Chase comes back with $39 late fee, and 27.49% rate. My finance charges are 280.5 per month, my minimum payment is $281 per month.

7 - I write to customer service to reinstate the previous rate - 9.5%, as in the original agreement. The card was closed and I did NOT agree with the new terms.

8 - Chase is sticking to the 27.49% rate = I feel sick - can not pay $3360/year to Chase for the rest of my life.

9 - Schema is: Issue as much credit as possible (send checks), then sell at maximum profit, new owner (Bank One) raises interests (many people do not read small print, and then old boys get the much more profit back.

Do I have any rights? I work 16 hours a day, I am paying my debts and bills, I am very frugal. Can Bank do this?
Credit card companies spent millions to lobby the congress to change 30 year old bankruptcy loan but the paradox is that their predatory lending policies do not give people a choice.

Some references - not directly related:

Mar 22,11:11 pm est

J.P. Morgan Chase Settles Bank One Suit

CHICAGO (AP) — The owner of the former Bank One Corp. Has agreed to pay shareholders $120 million to settle a five-year-old class action lawsuit.

Bank One creation suit to settle for $120 million

By Mark Skertic
Tribune staff reporter
Published March 23

J.P. Morgan Chase & Co. Will pay $120 million to resolve a shareholder lawsuit related to the merger that created Bank One Corp.in 1998, according to a proposed settlement announced Tuesday.

The dispute involves the purchase of First Chicago NBD Corp.By what was then called Banc One Corp. Banc One made false and misleading statements about the performance of First USA, its credit card unit, at the time of the deal, some shareholders later alleged.

Company: Chase Manhattan Bank USA, Chase Platinum, Visa One
Country: USA
State: Delaware
City: Wilmington
Address: P.O. Box 15902
Phone: 8004417681

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