Chase
Interest Rate Raised to 33.9% and Card Canceled After WAMU Buyout

I'm not sure if this is credit card fraud, but it should be. Chase buys out WAMU, and my rates go up to 33.9% from 17.9%. That is not all, I was unaware of these changes and the cancel my credit card. Now this is a loan for the balance at 33%. I guess this is to avoid the law in spring of 2010 that make the Credit card companies lock interest rate at 15%. Chase's response was I over my limit for 3 months. That was not applicable in my case I was over the limit for only 2 months. The reason I was over my limit is because they raised my rates with out proper notification. The TAX payers bail them out and they rip us off, we should have let them go bankrupt. I'm sure they have bankrupted some of us.

Company: Chase
Country: USA
State: Delaware
City: Wilmington
Address: P.O. Box 15548
Phone: 1800280944
Site: chase.com

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