Chase Manhattan Bank Informative - They say they have stopped but they have not!
Although Chase claims to be suspending the practice of randomly raising their rates, I beg to differ! In November of 2007 I was surprised to get a statement raising my rate from 9% (which I considered high) to 16.9% I have never been late on a payment in the 10 years I held the card. My credit report checked out fine with a high fico score. They refused to lower the rate or give an explanation of why the rate was changed in the first place. I immediately closed the account. Dont be fooled by their lies, they are still very much in the practice of raising rates to good customers!