The interest rate on my Chase Mastercard doubled with no warning. When I called to complain and ask for my old rate back I was told that was impossible, and the reason for the rate hike was that according to my credit report (which they pulled without asking or notifying me) I now had too many loans to qualify for the rate I previously had.
This is completely untrue. The amount of debt I have has done nothing but decrease since the day I opened this account.
It came to no surprise when I saw on CNN that Chase was linked this week to the Enron scandal. They were ordered to pay a large sum of penalties, and they obviously decided to pass that penalty on to me.
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