Chase Manhattan Bank Informative - Chase Is Raising Everyone's Rate
FLORIDA -- I received a notice today from Chase Visa that they are raising my interest rate from 7.99 to prime + 8.99 which totals as of today 12.25%.
Now, I have a FICO score of 800 and do not carry a balance ever, so I really do not care. Their letter stated it was to maintain profitability on my account. Hey boneheads, I have never carried a balance, what profitability are you referring to?
Basically, me thinks that that are hitting everyone in retaliation for the summer 2010 rules that will be going into effect.
Good luck to those that carry balances, you are going to need it.