Quote:
Originally Posted by julee_m
I ALways pay on time and yet yesterday I got a notice that minimum payments will now be 5% of the balance and that they can close my account at any time for any reason. After receiving the "skip this month's payment" last month. I have multiple Chase cards all in good standing. Do NOT trust this company to use common sense or to treat you fairly. I wish I didn't have so much of my debt with Chase. I can't roll all of it over. Glad I am no longer unemployed but I think I'm in deep trouble. Once I dig myself out, I will definitely never use this company again.
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I read something about this. Apparently this is a decision made by congress and ALL credit cards will be doing this. Chase is just ahead of the game. They will also have to tell you in the statement how long it will take to pay off the debt at that rate.
Personally, I think as a society we should work towards getting rid of credit cards that don't require the user to pay in full at the end of the month anyway. I'm probably in the minority though.