Comments on: Beware of Chase Bank

By: Daphne

Daphne — Sat, 06 Mar 2010 12:22:12 +0000

Yikes! Good to know. Now that I’ve got my SSN I will be looking into what bank we want to open an account with. Based on what’s available around here, and what I expect to be available elsewhere in the U.S. if we move, it’s pretty much down to Chase or Bank of America. I doubt either one will really be all that great, but I’m leaning further away from Chase after this info!

By: CptFnnypants

CptFnnypants — Wed, 27 Jan 2010 19:15:19 +0000

Be careful with Discover card too. When you get to 75% of your limit, they will raise it. Then they will keep doing that until one day your finance charge is enough to put you over the limit. If I remember correctly, the over limit fee is $65. And, at one point in my life Discover did the same thing you’re talking about to me. They are all EVIL!!!

By: Lisa

Lisa — Mon, 25 Jan 2010 21:18:29 +0000

I found your link through your dad’s blog. I had to comment on this one. That should be against the law! That is an absolute outrage.

By: lisa

lisa — Fri, 22 Jan 2010 12:23:32 +0000

We have hired Discover Card to take their place. Chase keeps sending me email saying “We’ve sent something to your online mailbox”, then … nothing is there. Idiots.

By: irishpisky

irishpisky — Tue, 19 Jan 2010 09:52:01 +0000

I had the exact opposite happen to me!. We have never gone into the red in the last 20 odd years, but i suddenly was offered an obscene credit limit which was twice which i had been offered in the past!

Apart from showing a stupidity about my account over these years, are we not getting back to the old problem which caused the bank problems in the past.

I gently declined!

By: Brennig

Brennig — Tue, 19 Jan 2010 08:00:41 +0000

I don’t know about in the US, but in the UK they can do this and be 100% within the law. I don’t like it, it shows a lack of quality of care towards the customers. It’s a ‘take it or leave it’ thing. I’m in the process of paying off the only card I have a balance on. Time to go liquid I reckon.

By: Dave Goodman

Dave Goodman — Mon, 18 Jan 2010 21:59:15 +0000

You just can’t trust banks these days. You should forward this to consumerist.com

By: Perpetual

Perpetual — Mon, 18 Jan 2010 21:20:37 +0000

You can bet they will indeed make a lot of money from this.

Egg did a similar thing over here a couple of years ago, and it caused uproar.

By: Allison Matthews

Allison Matthews — Mon, 18 Jan 2010 13:36:00 +0000

Actually it hurts your fico because it lowers your credit to debt ratio. You want a high credit low balance which makes fico score larger. Watch suze orman she will tell all about it!

By: Allison Matthews

Allison Matthews — Mon, 18 Jan 2010 13:34:00 +0000

I had a paid off zero card at another popular credit company and they cut my limit 50% too for no reason so this is common everywhere.