- Report: #182537
Complaint Review: Chase Bank - Wilmington Delaware
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Chase Bank
P.o.box 15298 Wilmington, 19850 Delaware, U.S.A.
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Chase Bank ripoff purposely set up for card users to incur severe penalties Wilmington Delaware
The main guilty party is JP Morgan Chase with offices in New York. They are the ones who set up the standards for their quick scheme to earn extra income from naive & stupid card members. For example, a Chase credit card is never denied. They do this intentionally so you quickly incur a penalty for going over the limit. They inundate you with their 0% apr for balance transfers but just one late payment and the rate goes up to 23.49%. Nobody calls to warn you, unlike Citicard (I am not endorsing them).
When you call to plead your case, they bring your apr down to 19.99% and no exceptions whatsoever. In this day and age, it is hard to imagine people still conducting business in such a cold and calculating manner. This bank has to be stopped! Calling all victims or lawyers willing to bring a class action suit against this bank for malicious business practices or something???
Belle
San Rafael, California
U.S.A.
When you call to plead your case, they bring your apr down to 19.99% and no exceptions whatsoever. In this day and age, it is hard to imagine people still conducting business in such a cold and calculating manner. This bank has to be stopped! Calling all victims or lawyers willing to bring a class action suit against this bank for malicious business practices or something???
Belle
San Rafael, California
U.S.A.
1 Updates & Rebuttals
Scott
Sioux Falls,South Dakota,
U.S.A.
Many credit card companies do this
#2Consumer Comment
Wed, March 22, 2006
It is fairly common practice for credit card companies to have a default rate for late payments and/or going over the limit. All of this would have been in the disclosure statement you received when applying and when receiving the card. When you activated the card you agreed to the terms of the card. If you carry a balance close to your limit, keep a register similar to a check book and you will always know what your balance is. This will help you to avoid overlimit fees.
