Quote:
Originally Posted by boosami
Can you close your account to avoid the change in terms much like you can with an interest rate hike? Do you have your card on a promo rate, or is it a standard rate card?
|
By the way, I heard Chase was raising the minimum payment to 5% with a $10/month fee only for promotional rate balances. You can't opt out, but you can typically call and ask for a free transfer to a standard rate APR. You'll have to pay more interest, but it's the best option if you can't handle the more-than-doubled minimum payments. Non-promo cards should not see the change.