Chase recently bought the credit card company I had been with for several years and reduce my crdit limit form 15,000 to 1,500 and raise the rate 10%.I have never been late with a single payment to this group. It appears since there borrowing rate is almost none, Chase needs to make 29.9% off the rest of use.
Based on What? I don't owe them a red cent and will never make a charge to this card again. I hope others follow the same thing and refused to give in to a bank with extremly high rates. It appears to me after all the TAX PAYER money the backs have recieved the U.S.
government would crack down on this.
Product or Service Mentioned: Chase Bank Credit Card.