Official Chase Manhattan Blows Thread

[Viper GTS]

Originally posted by: spidey07
well if you read the fine print in your agreement you'll see that if you are late on any agreement you are in default and hence you get the default rate.

I know it sucks and CC companies are the devil, but that's just the way it is.

I think you missed my point entirely, I WAS NOT LATE! My credit reports are completely clean.

Viper GTS

 

[spidey07]

Originally posted by: Viper GTS

Originally posted by: spidey07
well if you read the fine print in your agreement you'll see that if you are late on any agreement you are in default and hence you get the default rate.

I know it sucks and CC companies are the devil, but that's just the way it is.

I think you missed my point entirely, I WAS NOT LATE! My credit reports are completely clean.

Viper GTS

I read that. Have you ever been 1 minute late on any payment to anybody, anywhere at anytime? If so, they are doing what CC companies normally do.

If not and its "you're too close to your credit limit" then read your agreement. If that agreement doesn't have anything about being close to your then you don't owe them a dime. There could even be a clause in your agreement that says "we can raise your rate at anytime depending on how chase bank is feeling and the particular season"

 

[Viper GTS]

Originally posted by: spidey07
I read that. Have you ever been 1 minute late on any payment to anybody, anywhere at anytime? If so, they are doing what CC companies normally do.

If not and its "you're too close to your credit limit" then read your agreement. If that agreement doesn't have anything about being close to your then you don't owe them a dime. There could even be a clause in your agreement that says "we can raise your rate at anytime depending on how chase bank is feeling and the particular season"

My credit reports are clean, that's all that matters.

I'm sure they do have a "we can raise your rates whenever we like" section. I don't have too much of a problem with that, as long as they don't abuse it. I've never given them (or any other creditor) any reason to charge me 29.99%, & I don't think being close to my limit constitutes reason - Which is why I'll be closing my account & telling them what they can do with their 29.99% interest.

Viper GTS

 

[Cable God]

Originally posted by: Viper GTS
Background information:

I have some credit card debt. More than I should have. I am borderline paranoid about my credit though, & have never missed a payment, gone over a limit, etc. Spotless record, save for the relatively high balances. I am just now getting back to work after being unemployed for medical reasons, so I was closer to my limit on this card than normal. I was not over, nor would I have been over after interest charges (at my normal rate).

The Story:

Woke up this morning to discover that my Chase Manhattan credit card was now being charged 29.99% interest. To make matters worse the nearly tripled interest charges (vs what I was expecting) put me a little over my credit limit. Wonderful.

Call #1 to Chase Manhattan:

Me: WTF?
Customer Service: I can't tell you why, but we told you in advance that it was going to happen.
Me: I don't recall any notification.
Customer Service: I can re-send it for you.
Me: Whatever.

I had to go to work, so I didn't push the issue that much. Got home, still pissed off, called them again.

Call #2 to Chase Manhattan:

Me: WTF?
Customer Service: Our review of your credit report showed a history of delinquent accounts.
Me: WTF? What bureau?
Customer Service: I can't say, you'll need to check all three & contact us in writing if you feel there is an error.
Me: Whatever.

So I check all three credit bureaus. No negatives whatsoever, all accounts in good standing as they always are. No late payments, over limits, etc. on any accounts in my history. So I called them again.

Call #3 to Chase Manhattan:

Me: WTF?
Customer Service: No I don't see anything wrong with your credit report, we just raised your rates because you were close to your credit limit.
Me: WTF?

So now all Chase feels I'm worthy of is 29.99% interest.

Chase has a nasty surprise coming though they aren't getting ANY interest from now on.

Kiss my ass Chase Manhattan.

:|

Cliff's Notes:

Chase jacks my interest rate to the default rate of 29.99% because I was close to my credit limit.

Viper GTS

That's their "Universal Default" clause. BT that crap to Citi or another prime bank and let Chase sit in your sock drawer. They've been acting so subprime this year.