Early Retirement & Financial Independence Community - View Single Post - Universal Default Credit Card Rates.....Again!!

FinanceDude · 09-26-2006, 09:17 AM

I have a hard time believing that the public isn't up in arms about this........

As part of settling my sister's estate, I have reviewed her Chase credit cards. She used them a lot to put her expenses for traveling world-wide, so they were pretty high balances at times. She would pay the minimum payments on auto-deduct, then submit large expense reports, and pay off big chunks 3 months later. However, her card rate had risen from 11.99 to 18.99 in the past 5 months.

The universal credit card default rate apparently struck again........Chase didn't care that she had been paying them BEFORE the due date.........they were concerned because of the balances she carried.........which is BS.........

Bottom line, God help you if you have credit card debt.....................

09-26-2006, 09:17 AM	#1
FinanceDude Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Aug 2006 Posts: 9,174	I have a hard time believing that the public isn't up in arms about this........ As part of settling my sister's estate, I have reviewed her Chase credit cards. She used them a lot to put her expenses for traveling world-wide, so they were pretty high balances at times. She would pay the minimum payments on auto-deduct, then submit large expense reports, and pay off big chunks 3 months later. However, her card rate had risen from 11.99 to 18.99 in the past 5 months. The universal credit card default rate apparently struck again........Chase didn't care that she had been paying them BEFORE the due date.........they were concerned because of the balances she carried.........which is BS......... Bottom line, God help you if you have credit card debt..................... __________________ Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:) This Thread is USELESS without pics.........:)