JP Morgan Chase Credit card service Complaint - Interest rates - - Credit card company

Review by R_ich on 2009-08-02
WILMINGTON, DELAWARE -- JP Morgan Chase Credit card service-

Worst crooks in US History. As a matter of
fact, they increased my purchase APR from
10.24% to 16.25 approximately a 60% increase.

Also Didn't JP Morgan, Citibank, Bank America,
Golden Sachs, get part of a 700B bailout, a bailout
which was caused by irresponsible behavior
because of subprime lending on their part.

Now they turn around and because of economic
conditions raise interest rates to consumers
who have F. I.C. O scores of 800+ and have
had a perfect credit financial peformance
with them for 8 months to a year.

Are Americans that stupid and lame to try to
fight these crooks by switching banks or file a
class action lawsuit?

Dumb real dumb.
Comments:6 Replies - Latest reply on 2009-08-03
Posted by Eloise on 2009-08-02:
'Dumb real dumb.' I know you are but what am I. No tag backs!
Posted by Anonymous on 2009-08-02:
R--I don't know about others out there (or even you), but I don't do business with anyone that I have a problem with. People need to start doing that in order to get their point's across. Credit unions seem to be a better choice than the "big" bank industry. But, that's just my opinion.
Posted by Anonymous on 2009-08-02:
R_ich, in the terms and conditions you agreed that they are allowed to do this. Congress is working on putting a stop to it along with banks screwing people with NSF fee's when they were not OD. But it may be awhile.

Americans are not that stupid and lame, like I said Congress is working on it. Stupid and lame would be another class action so everyone can get a voucher for a few bucks that would not even make a dent in the damage done.
Posted by Anonymous on 2009-08-02:
SB, it appears that what they will pass is legislation that will protect you from being OD when a business like a gas station holds $100, which overdraws, but you only pumped $20, which wouldn't.
Posted by Anonymous on 2009-08-02:
Ken, hope we get a bit more bite out of it than that. I read it will also put a stop to a bank setting up the OD's top to bottom to maximize NSF fee's. And holding peoples deposits like a cash deposit in order to set them up for NSF fee's.

If all we get after all of this for the little guy is what you say, what a letdown "again".
Posted by goduke on 2009-08-03:
I think for Morgan/Chase, 16% is becoming their new "best rate". Most everyone I know with a chase card has received the happy letter stating that the interest is being raised.

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