Chase Bank
Minimum Payment Raised From 2% to 5%, Rate Increase Only Alternative

Miscellaneous

I had an agreement with Chase for two years. It was a balance transfer for a low interest rate for the life of the loan.

This week I get a notice that they are raising the minimum payment from 2% to 5%—jumping the payment from 200$ a month to just over 500$ mo.

The only thing they would let me do was to increase the interest rate and keep the minimum payment about the same as it had been. I don't think this is legal as I had the rest of the loan to go. It had never been late and always much more than the minimum pay.

Has this happened to anyone else? I don't know what to think or do about it but like all other people this might have happened to I think I was scre*ed.

If other credit card companies follow suit—I will be ruined...


Company: Chase Bank
Country: USA
State: Delaware
City: Newark
Address: 200 White Clay Center Dr
Phone: 8009452000
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