Complaint Review: Chase Mastercard - Chase Marathon Mastercard - Nationwide

Did Chase ever promise you that they wouldn't raise the interest rate on your card? I don't think they did. In case you haven't noticed, all banks are raising rates on credit cards. You shouldn't expect things to be different after you switch cards. Credit card agreements allow banks to do pretty much whatever they want with interest rates. When times are bad, you can expect the banks to exercise their options in these agreements and raise rates. The typical card agreement gives the bank all of the options and the consumer has none. That's why borrowing money via a revolving credit account (at any bank) is a dumb idea. I use my credit card all the time. I don't really care what the bank charges for interest because I refuse to carry a balance. They don't make a penny in interest. If I need to borrow money, I'll get a proper loan with a guaranteed interest rate.

Did Chase ever promise you that they wouldn't raise the interest rate on your card? I don't think they did. In case you haven't noticed, all banks are raising rates on credit cards. You shouldn't expect things to be different after you switch cards. Credit card agreements allow banks to do pretty much whatever they want with interest rates. When times are bad, you can expect the banks to exercise their options in these agreements and raise rates. The typical card agreement gives the bank all of the options and the consumer has none. That's why borrowing money via a revolving credit account (at any bank) is a dumb idea. I use my credit card all the time. I don't really care what the bank charges for interest because I refuse to carry a balance. They don't make a penny in interest. If I need to borrow money, I'll get a proper loan with a guaranteed interest rate.

Did Chase ever promise you that they wouldn't raise the interest rate on your card? I don't think they did. In case you haven't noticed, all banks are raising rates on credit cards. You shouldn't expect things to be different after you switch cards. Credit card agreements allow banks to do pretty much whatever they want with interest rates. When times are bad, you can expect the banks to exercise their options in these agreements and raise rates. The typical card agreement gives the bank all of the options and the consumer has none. That's why borrowing money via a revolving credit account (at any bank) is a dumb idea. I use my credit card all the time. I don't really care what the bank charges for interest because I refuse to carry a balance. They don't make a penny in interest. If I need to borrow money, I'll get a proper loan with a guaranteed interest rate.

Did Chase ever promise you that they wouldn't raise the interest rate on your card? I don't think they did. In case you haven't noticed, all banks are raising rates on credit cards. You shouldn't expect things to be different after you switch cards. Credit card agreements allow banks to do pretty much whatever they want with interest rates. When times are bad, you can expect the banks to exercise their options in these agreements and raise rates. The typical card agreement gives the bank all of the options and the consumer has none. That's why borrowing money via a revolving credit account (at any bank) is a dumb idea. I use my credit card all the time. I don't really care what the bank charges for interest because I refuse to carry a balance. They don't make a penny in interest. If I need to borrow money, I'll get a proper loan with a guaranteed interest rate.