Friday, November 20, 2009

Chase Credit Cards SUCK ASS

I am sure you have heard this song and dance on fifty other blogs, and now you are going to have to listen to it one more time. Credit card companies are the devil. The American people are being screwed over by the banking industry. More specifically, my family is being screwed over.

Remember when I told you about the credit card we are currently trying to pay off? Well, it is a Chase card. My husband has had this card for about 5 years. He has never missed a payment. He has never even made a payment late. He always pays his bill on time, and he pays more than the minimum balance. He is a great customer and has an excellent credit score.

My husband's card had an 8% interest rate. When I opened his credit card bill yesterday, I noticed that the finance charge was almost double what it normally is. I glanced down at the APR and noticed that it wasn't 8%. No, it was 13.42% What the fuck? I called John at work to tell him, and he called Chase. They basically said, "sorry about your luck." When congress passed the Credit Card Act of 2009, Chase decided that they wanted to cash in before the law took effect. Since they will no longer be able to arbitrarily raise interest rates, they have decided to do away with their low interest rate cards. Everyone's rate is on the rise. If you have a low interest rate credit card with Chase, be expecting a notice in the mail. The law goes into effect in February 2010, so I am sure your rate will increase before that date.

I am so fucking angry I could scream. WE FUCKING BAILED THEM OUT WITH OUR TAX MONEY! And this is how we are repaid? FUCK YOU JP MORGAN CHASE!

7 comments:

Just Jiff said...

That SUCKS!! Which is why we no longer use credit cards. Still paying them off, but we don't use them. Don't get me started on the bailout bullshit. I voted for Obama and now I am kicking myself. Hard.

Heather @ boy, girl, and a pug said...

Well, crap that's what ours is! Thanks for the heads up!

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Mama Kalila said...

Uggh! I am so sorry! Thankfully we dont have that one, but we are having problems with our own... Its locked up now so it can't be used... and we're working hard to pay it off. I'm still annoyed though because the payment amount was different between online and the paper they sent us. Like one was double the other.. Rediculous!

amanda said...

so not cool dude. so not cool.

Nellie said...

Sickening. Greedy bastards.

Anonymous said...

is porn the only winner during credit crunch?


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