Chase Credit Card Nightmare

[julee_m]

hmmm, would Softcenter consider herself gouged?
it's the "agreed on terms" that I have issue with. The cc companies keep changing the terms. I am extremely responsible and will not default. Some people will have no choice, if their payment goes from $100/month to $500/month for instance. They still have to feed their kids. I think companies have the responsibility to be reasonable, 29.99% is not reasonable for a first offense (see 1st post). I have gotten about 5 different notices from Chase in the last 2 months with changes to the initial agreement. When you enter into an agreement with defined terms, you expect the agreement to stand. Do you make agreements and then continually change them? Not if you are honorable. Not if you want to keep your customers.

[happygirl]

I agree it isn't honorable, but I would hope no one signs an agreement with a CC company expecting them to be honorable. They are a business and their goal is to make money. That still doesn't negate the fact that while what they are doing may not be nice, it is legal, thus in my mind, not gouging.

While I think it would be a good thing if everyone quit using CC's, I doubt that will happen and I wouldn't be surprised if even Chase keeps making money, their ultimate goal.