This week I looked at my Chase credit card statement due in January and noticed that even though I hadn’t bought anything my minimum payment had gone up two hundred dollars so I called to ask why. The person that answered the phone told me that my interest rate had gone from 11% to 29% because of the economy. After talking to friends and family I found that they have jumped everybody’s interest rate. They are being as abusive to their customers as they think they can get away with. This is horrible. I work so hard for every penny and to have them steal it from me is so disturbing. I think we need legislation to maintain the interest rate that the purchases were made at. It should be illegal for somebody to make a large purchase at certain rate and then suddenly it’s more than doubled even though they’ve never missed a payment. On facebook yesterday many people were venting about Chase. What can people with large balances do to pay it off with Chase’s current equivalent of price gouging?
The banks just keep coming up with more and more ways to screw the customers. What they are not seeing is the future when all of us are not going to do business with them or use credit like we did before. Good Luck Chase you have a bad reputation and aren’t even trying to fix it.
