Comments on: ChangeInTerms.com has published a “Credit Cards and Small Business Usage Report” http://www.changeinterms.com/2009/02/21/changeintermscom-has-published-a-small-business-and-credit-cards-usage-report/ Now We're Coming After You Tue, 18 May 2010 01:47:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Don K. Winstone http://www.changeinterms.com/2009/02/21/changeintermscom-has-published-a-small-business-and-credit-cards-usage-report/comment-page-1/#comment-1434 Don K. Winstone Wed, 19 Aug 2009 21:38:09 +0000 http://www.changeinterms.com/?p=803#comment-1434 I have two CHASE CREDIT cards without balances and not having one for approx. one year. I have other credit cards and all have "0" balance and I know I'm fortunate being the current economy. I work for the largest retailer in the world. Today, I went to one of our stores to purchase a HDTV totaling less that $900. I presented one Chase Card and declined and presented the second and declined. Obviously being I'm in a place where I am known I found myself in a very embarrassing situtation. I was never notified of these two accounts being cancelled at any time. One week prior to my attempting to use these cards today (8/19/09) I received the usual several check offer to use two for purchases and the others, etc........Fortunately, I did not write aCHASE check for my purchase today or it would have bounced and I could have possibly been fired for giving them a bad check, which I have never done in my Junior and now senior years. It is policy of my company to terminate or address a employee if same is done. I understand the changes being made by the credit card companies but it was also my understanding they had to notify you prior to or letting you know they were going to cancel your cards. Being a CHASE CARD(s) HOLDER for many years and have taken advantage of their offers previously and never defaulted, I cannot believe that this company has lowered itself to these standards. They have just merged and are offering many options to new customers. It was my intention to change from Bank Of America, whom I have never encountered a problem (YET) and go with CHASE based on the exceptional offers and treatment I have always received over many years. Obviously, this thought has been deleted from my head. I had planned on doing a search for their executive office but from what I am hearing, reading and obviously experiencing, I would only add my name and complaint to the thousands that have already done so. Therefore, I thank you for letting me vent and hopefully others will pull out of CHASE and support the smaller financial struggling institutions. Thanks for this opportunity. Don K. Winstone P.S. - I was able to get my HDTV by using another credit card from a company that hasn't lowered themselves as of this date. I have two CHASE CREDIT cards without balances and not having one for approx. one year. I have other credit cards and all have “0″ balance and I know I’m fortunate being the current economy. I work for the largest retailer in the world. Today, I went to one of our stores to purchase a HDTV totaling less that $900. I presented one Chase Card and declined and presented the second and declined. Obviously being I’m in a place where I am known I found myself in a very embarrassing situtation. I was never notified of these two accounts being cancelled at any time. One week prior to my attempting to use these cards today (8/19/09) I received the usual several check offer to use two for purchases and the others, etc……..Fortunately, I did not write aCHASE check for my purchase today or it would have bounced and I could have possibly been fired for giving them a bad check, which I have never done in my Junior and now senior years. It is policy of my company to terminate or address a employee if same is done.

I understand the changes being made by the credit card companies but it was also my understanding they had to notify you prior to or letting you know they were going to cancel your cards.

Being a CHASE CARD(s) HOLDER for many years and have taken advantage of their offers previously and never defaulted, I cannot believe that this company has lowered itself to these standards. They have just merged and are offering many options to new customers. It was my intention to change from Bank Of America, whom I have never encountered a problem (YET) and go with CHASE based on the exceptional offers and treatment I have always received over many years. Obviously, this thought has been deleted from my head. I had planned on doing a search for their executive office but from what I am hearing, reading and obviously experiencing, I would only add my name and complaint to the thousands that have already done so.
Therefore, I thank you for letting me vent and hopefully others will pull out of CHASE and support the smaller financial struggling institutions.
Thanks for this opportunity.
Don K. Winstone
P.S. – I was able to get my HDTV by using another credit card from a company that hasn’t lowered themselves as of this date.

]]> By: Dr. Robert Lahm quoted in Business Week article, “About That New, ‘Friendly’ Consumer Contract.” – ChangeinTerms.com http://www.changeinterms.com/2009/02/21/changeintermscom-has-published-a-small-business-and-credit-cards-usage-report/comment-page-1/#comment-1140 Dr. Robert Lahm quoted in Business Week article, “About That New, ‘Friendly’ Consumer Contract.” – ChangeinTerms.com Mon, 04 May 2009 02:24:04 +0000 http://www.changeinterms.com/?p=803#comment-1140 [...] had hoped for a little less “about me” and a little more about the small business issue.  That being said, if the article directs traffic to the ChangeInTerms.com site, at least visitors [...] [...] had hoped for a little less “about me” and a little more about the small business issue.  That being said, if the article directs traffic to the ChangeInTerms.com site, at least visitors [...]

]]> By: “America’s small-business owners need credit-card reform—and we need it NOW.” – ChangeinTerms.com http://www.changeinterms.com/2009/02/21/changeintermscom-has-published-a-small-business-and-credit-cards-usage-report/comment-page-1/#comment-666 “America’s small-business owners need credit-card reform—and we need it NOW.” – ChangeinTerms.com Sat, 28 Mar 2009 18:07:50 +0000 http://www.changeinterms.com/?p=803#comment-666 [...] read more about small businesses and credit cards in a report that I have published here: “Credit Cards and Small Business Usage Report.”   Share and [...] [...] read more about small businesses and credit cards in a report that I have published here: “Credit Cards and Small Business Usage Report.”   Share and [...]

]]> By: Card issuers cutting credit limits “below the balance” that account holders currently owe – ChangeinTerms.com http://www.changeinterms.com/2009/02/21/changeintermscom-has-published-a-small-business-and-credit-cards-usage-report/comment-page-1/#comment-578 Card issuers cutting credit limits “below the balance” that account holders currently owe – ChangeinTerms.com Mon, 16 Mar 2009 15:23:08 +0000 http://www.changeinterms.com/?p=803#comment-578 [...] calls) “to juggle business expenses on his personal cards.”  Hence, given that we need to support entrepreneurs, I remain concerned on that basis as [...] [...] calls) “to juggle business expenses on his personal cards.”  Hence, given that we need to support entrepreneurs, I remain concerned on that basis as [...]

]]> By: C.A.R.D Act: “Restrictions on how cards are priced will lead to less available credit and higher prices” — refuted. – ChangeinTerms.com http://www.changeinterms.com/2009/02/21/changeintermscom-has-published-a-small-business-and-credit-cards-usage-report/comment-page-1/#comment-482 C.A.R.D Act: “Restrictions on how cards are priced will lead to less available credit and higher prices” — refuted. – ChangeinTerms.com Sun, 08 Mar 2009 00:29:08 +0000 http://www.changeinterms.com/?p=803#comment-482 [...] they intended all along, to change terms and impose higher fees and rates.  (I was discussing this in the context of small businesses and their use of credit cards, but it applies to any account type.)  Actually, the wording, “restrictions on how cards [...] [...] they intended all along, to change terms and impose higher fees and rates.  (I was discussing this in the context of small businesses and their use of credit cards, but it applies to any account type.)  Actually, the wording, “restrictions on how cards [...]

]]> By: In the San Francisco Bay Area? I spoke with KPIX CBS 5, and they would like your participation in a group studio interview – ChangeinTerms.com http://www.changeinterms.com/2009/02/21/changeintermscom-has-published-a-small-business-and-credit-cards-usage-report/comment-page-1/#comment-458 In the San Francisco Bay Area? I spoke with KPIX CBS 5, and they would like your participation in a group studio interview – ChangeinTerms.com Thu, 05 Mar 2009 17:10:37 +0000 http://www.changeinterms.com/?p=803#comment-458 [...] One of my very biggest concerns, is for small business people (and how squeezing them right now is a very bad idea for the economy and any hope we may have for a [...] [...] One of my very biggest concerns, is for small business people (and how squeezing them right now is a very bad idea for the economy and any hope we may have for a [...]

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