Wednesday, March 11, 2009

Chase raised my purchase APR from 7.99 to 12.24

Chase recently sent me a notice explaining that they are raising my purchase APR from 7.99% to 12.24% and the only way I can retain the 7.99% is if I close the account(Hello, If I close the account, then I cannot purchase anything and so the purchase APR can be infinite or zero)

1. I have been an outstanding customer of Chase for several years.
2. Never a single payment delayed.
3. Always paid my balances in full
4. Currently, carry a balance with a low APR.

March 2009 statement screenshot:


Feb 2009 statement screenshot:


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