Chase Credit Card - Page 2

PRICEPLUS · #21 (**permalink**) 11-30-2006, 12:31 PM

Chase is the CC my wife owes money on. Also look for a raise in your default amount to 32 %. I believe you may also find that tey are moving to Universal Default! I will be making one lump payment to them and then we will not use the card. You just can't make this stuff up! :vomit-smiley-007:

markio26 · #22 (**permalink**) 12-01-2006, 11:50 AM

i hate credit cards that trick ppl.. i hope to be debt free in 37 more months... been attacking the cards, per jeffrey's info... and it is working... very well.. thanks jeffrey... i will never get into debt again, once i am free again..............there is light at the end of the credit card tunnel.....

jodi · #23 (**permalink**) 12-01-2006, 12:37 PM

I had a Chase card from two years ago that I opened through Amazon.com to get a $30 credit...I THOUGHT I cancelled it last year, but lo and behold, it showed up on my credit report this year. I just called to cancel it again last week and already got the confirmation. Glad I did...doesn't sound like they're too trustworthy. Good luck!

PRICEPLUS · #24 (**permalink**) 12-01-2006, 08:30 PM

Good luck Markio! You can do it!

omicron · #25 (**permalink**) 12-01-2006, 10:20 PM

I got the same insert today for my Chase card. The effective date of the changes is January 2007. I'll spend $10 on the card in the month of January to see it's true.

rduell · #26 (**permalink**) 12-02-2006, 03:52 PM

Quote:

Originally Posted by omicron

I got the same insert today for my Chase card. The effective date of the changes is January 2007. I'll spend $10 on the card in the month of January to see it's true.

Yep, I got the same thing in my bill today. I plan on paying that card off this week when DH gets his profit sharing this Tuesday. I'm thinking of cancelling the card now. The only advantage I see to keeping it is the $25 Amazon credit I earn every once in a while and that's certainly not worth it to me.

omicron · #27 (**permalink**) 12-04-2006, 07:09 PM

Quote:

Originally Posted by rduell

Yep, I got the same thing in my bill today. I plan on paying that card off this week when DH gets his profit sharing this Tuesday. I'm thinking of cancelling the card now. The only advantage I see to keeping it is the $25 Amazon credit I earn every once in a while and that's certainly not worth it to me.

Yeah. The Amazon card is only good if you are high volume buyer of Amazon products. Otherwise, it's practically worthless. They didn't even give me the $30 credit on the first purchase. I'll cancel too if they start charging financial charges.

MonkeyMama · #28 (**permalink**) 12-05-2006, 09:37 AM

I have yet to receive this notice from Chase and have been a little confused since I pay off my balance every month I generally assume all cards had the standard grace period.

I found this quick article as an interesting breakdown on grace periods. I guess that is the norm, but not always the case!
http://home3.americanexpress.com/cor...info/grace.asp

I just got my Chase rewards card but think I Will switch back to my old card for january. If the grace period is gone, then so am I. I got my statements online and not much else so I am not sure how they intend to notify me unless it is in the fine print from when I Signed up. I will go back and look.

To some extent you wonder why anyone would stick with them, or are they trying to weed out those of us who pay are card in full every month? Oh well, no biggie to me, I will gladly move my business elsewhere. I have been with them all of 2 months and they have been a big PITA.

instantinfo4you · #29 (**permalink**) 12-05-2006, 12:31 PM

I also have a chase cc. I switched over to chase because they offered a 0% interest grace period of like 6 months. When i read the fine print it says all kinds of nightmarish things. Things such as 32% interest after grace period expiration. Yikes! 32%, anyone else having similar experiences?

omicron · #30 (**permalink**) 12-05-2006, 06:55 PM

32.24% is the default rate (usually). Most reward cards are high in interest (except of course for the low interest rewards card).

markio26 · #31 (**permalink**) 12-08-2006, 01:30 PM

my statement insert said it pertained to all purchases, balance transfers and cash advances.. this sucks big time.... shame on chase!!! i am gonna call and complain...........thanks for the comments everyone.... i learn so much from the forums....

b4freedom · #32 (**permalink**) 12-08-2006, 07:40 PM

Quote:

Originally Posted by instantinfo4you

I also have a chase cc. I switched over to chase because they offered a 0% interest grace period of like 6 months. When i read the fine print it says all kinds of nightmarish things. Things such as 32% interest after grace period expiration. Yikes! 32%, anyone else having similar experiences?

You should feel lucky, mine said 34.99%. Which is crazy. It's beyond crazy. I guess people pay it and that's why they charge it.