Chase Manhattan Bank Complaint - Chase Credit Cards New Transaction Fees
PORT SAINT LUCIE, FLORIDA -- Beware consumers that Chase credit card company is finding various ways to rip off their customers. In 2009 Chase credit card company began charging me a transaction fee of $10 per month. I have not used my Chase card for 4 years. The only transaction I have with this company is for them to mail me my monthly bill for the balance I owed after a 2005 balance transfer to my Chase card. Not only did Chase charge this unfair transaction fee they also increased my minimum monthly payment from 2% to 5% of the balance. This is not the first time Chase has ripped me off. Four years ago they suckered me into applying for their credit cards by offering me a low fixed interest rate. After one year they raised the interest rate by 17%.
Fortunately I have a good credit score and available credit with other banks so I paid off and then closed all my Chase credit card accounts so they can't rip me off anymore. If you have a Chase credit card I would advise you to carefully read any information you receive from Chase regarding changes in terms of your account.
I would also recommend looking for other options to transfer any existing credit balances and to close your Chase account before they rip you off too.