Comments on: Chase Card Services “Rate Reduction for our most Valued Cardmembers”

By: john doe

john doe — Fri, 12 Feb 2010 04:23:32 +0000

This post is for the people that do not understand why ALL the banks took the bail out money!! It’s really a very simple explanation and if anyone actually thought about it then they would know. So here it is…

Yes, some banks were failing and needed help, but the ones who weren’t, were forced to take the money and this is the reason why:

If the consumers knows that the failing banks need help, do you think the consumers are going to keep their hard earned money in that failing bank? Of course not! They are going to move their money to a bank that is safe. Therefore, making those failing banks completely go under.

By the way, most banks have paid that money back already.

By: M Springer

M Springer — Sat, 06 Feb 2010 06:31:57 +0000

Saw your web comments and it made me look at my Chase credit card statement online just to check. Thankfully my Chase account was okay but the real shocker was my CitiCard account. I have my account autopayed each month well beyond the monthly minimum payment due and they still raised my largest promotional balance from 14.99% to 19.99% last month citing the same lame excuse for remaining market competitive. What does that mean anyway? Competitive for the highest APR’s? They surely don’t seem to be competing for the lowest ones! Whatever! So yes. I’m now shopping for a lower APR card but I probably won’t be seeking Chase or Citibank at this point.

By: Request for Temporary Restraining Order (TRO) against Chase denied: I suppose that until we see blood and dead entrepreneurs, the judge doesn’t want to look that far ahead – ChangeinTerms.com

Mon, 02 Mar 2009 20:58:37 +0000

[...] Chase has been, trashing relationships with its so-called very best account holders (i.e., “most Valued Cardmembers“). If judge King was paying the new minimum payment himself, then he’d probably be [...]

By: grace mannion

grace mannion — Thu, 26 Feb 2009 13:43:30 +0000

it amazes me that chase card services executive offices
have no telephone number. with all the money they collect
from interest and annual fees i would think their customers would
have the right to this phone number.
i don’t know what the term is but i believe it is highway robbery
when they can raise your fee more than 10% even if you are late with your payment. their customer service people are rude
condescending and just plain mean.

By: Chase “aimed at” account holders who were only paying the minimum? Someone must need new eyeglasses. – ChangeinTerms.com

Fri, 20 Feb 2009 19:53:29 +0000

[...] it is insulting the intelligence and faithfulness of its very best account holders (i.e., “most Valued Cardmembers“), who were paying what they were required to pay, on time (by using a “these are [...]

By: Dr Robert Lahm

Dr Robert Lahm — Thu, 19 Feb 2009 20:27:24 +0000

Hi Susan,

I have a post in “draft” mode at the moment, collecting other stories about people who paid more than the minimum. That’s all that account holders are required to pay, but Chase’s “excuse” needs to be called into question simply to demonstrated that it is very misleading.

By: Susan Hegg

Susan Hegg — Thu, 19 Feb 2009 20:17:13 +0000

Obviously, my comment meant to say, “all about their profits” not “all out their profits.”

By: Susan Hegg

Susan Hegg — Thu, 19 Feb 2009 20:14:21 +0000

I applaud Dr. Lahm for his work and diligence on this matter. It is oh so true what the credit card companys are doing to the cardmembers at this sad time in out economy. Once again, it is all out their profits. I, too, have been scammed by Chase. As one of the select 4.99% group that has been hit with the $10 per month added finance charge and the raised payments, I am only trying to hold on as I refuse to accept the 7.99% rate or the closing and paying in full in 30 days. I have spoken to three service reps and have also written to the cardmembers service center disputing the new terms that I did not agree to nor was I given the option to cancel my card and keep my original terms. I would like to say also, that I too paid way more than the minimum amount due each month and have all of my past statements to verify that. When Chase portrays us as people who weren’t paying quickly enough, I will give all my personal information to show that they are, indeed lying right through their teeth. I hope that everyone will get on board with this – Chase doesn’t have to win just because they are bigger. This is a matter of RIGHT and WRONG. Thanks, Dr. Lahm, on behalf of myself and many others in the same boat as you.

By: tj

tj — Tue, 03 Feb 2009 00:51:38 +0000

Got a notice today (Feb 2, 2009) from Chase –bumping my interest rate up from 7.99 to 13.99 due to “market conditions”. Never late, never missed a payment. Sure….well, but of course, I’ll close the account out. I will continue to harrass my elected members of Congress, including submitting letters to the editor, until they do something for us–for a change. This is what we get for not retiring every single congressman and senator who voted to bail these crooks out. I loved the reasoning…”they were too big to fail…” so we gave them billions to eat up other financial institutions making them evermore “too big to fail”. What will it take before we –really–decide to take our country back??

By: Dr Robert Lahm

Dr Robert Lahm — Mon, 02 Feb 2009 21:25:58 +0000

The point you make is understood, and I hope the class action suit prevails. Nevertheless, I am not a lawyer, so I’d have to say that the site policies prevail. My comments are opinions.