Chase Credit Card
Credit Card Closed After Limit Cut and Convenience Check Use

I had a Chase credit card with $6500 credit limit in August of 09, at the end of August they lowered my limit to $3500. They said they felt that I didn't need that amount, so they lowered it. Now in October of 09 I had a balance on the card of $988. I was sent convenience checks with a 2.99% interest until 04. So I paid off the $988. And now I had $3500 available, so I mailed one of the checks to another card with higher interest rate. A few days later I checked the other card and the check was reversed and was charged $39 fee. I called Chase, and they said it was denied because Chase decided to close my account after I paid it off.

Company: Chase Credit Card
Country: USA

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