I recently paid off my credit card balance with JP Morgan/Chase. I've had the account since and had a $6100.00 credit limit on my account, which, by the way, was never "Maxed Out" and paid before the "due" date. Approximately two (2) weeks after paying the balance, in full, I received a letter from JP Morgan/Chase that they were decreasing my credit limit from $6100.00 to $700.00. I can only assume that decreasing my credit limit was their way of saying "Thank You" for paying your bills and the billions of dollars they got in "Bailout" money for their greed and stupidity. Or, perhaps, they're just pissed off because they have one less person they can "Stick It" to!
The day after I received the letter, I closed my checking and savings accounts with Chase (They had been with WaMu which was recently taken over by Chase). It was my way of saying "Thank You", along with this report, for decreasing my credit limit!
Since JP Morgan/Chase has taken-over WaMu, I've seen their ads on television stating "... They Are There For You". Well, I disagree with their ads... in my opinion, they should be truthful and state it as "They Are There To "Stick It" To You"! And that they surely will, every chance they get!
While I don't consider myself a "Radical" person, I think it's "High Time" that we, as Americans, take our country back and run these greedy so and so's out of business by not doing business with them. They aren't helping us get out of the economic distress in this country, they're making it worse. And furthermore, don't vote for any politician that wants to give more "Bailout" money to these incompetent and greedy sob's!
Anyway, I got a much better deal with a bank that didn't receive ANY "Bailout" money and they didn't even know me! So, if you bank with Chase, you might want to do some research, and shop around. You might get a better deal, as well! It appears to me that, the banks that didn't get any "Bailout" money are more willing to actually help you, than the ones that got the "Bailout" money!
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