Chase Credit Card
Minimum Payment Increase From 2% to 5% Targets Low-Rate Accounts

Chase is trying to cause financially strapped individuals to default on credit card payments.

They are increasing the repayment rate from 2% to 5%. On a 10K balance this would bump the payment from $200 to $500, a $300 dollar increase.

The targeted accounts are those with a low fixed-for-life interest rate.

Their aim is to cause defaults that would cause a ratcheting of the interest rate to a default rate of typically 29% plus exorbitant late fees.

We must band together to stop this practice, not only from Chase but all other credit card companies. YOU could be next.

Join me and file a complaint with the ftc!!!

Company: Chase Credit Card
Country: USA
State: Delaware
Site: chase.com

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