JPMorgan Chase & Co
Minimum Interest Fee Charged on Zero Balance Credit Card

I signed up with Chase Credit card as result of promotion from Amazon.com.
Discovered that they charged $1.50 a month interest —titled — "Minimum Interest Fee" even on a zero balance so even if you pay your account in full each month, you will always be charged a minimum of $1.50. I cancelled my account and when you review the information on the internet you will not find anyplace where you can do that but if you call the number on the back of the card you will find a live person who will cancel the account.

We should not pay interest on zero balances. They also will charge you a late fee if you do not watch your account very carefully - if you don't get paper as I don't - they will not notify you prior to being late - they will notify you after being late and then you have to pay a very high fee. This can be problem as it is hard to remember all your purchases.

Company: JPMorgan Chase & Co
Country: USA
State: Delaware
City: Wilmington
Address: PO Box 15398
Phone: 8882474080
Site: chaseonline.chase.com

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