Chase Bank Complaint
Posted by gmbillick on 04/10/2009
We have a higher interest rate than your original and received the same letter..."Due to the poor economy...." Truth is that many people are not paying their credit card bills or liquidating their credit accounts, and the bank's profitability is decreasing. They also forgot to mention that they are generally underwritten and insured for such losses, and they also received federal government bailout (a.k.a. taxpayer's) money to stay afloat and they STILL want to stiff their "loyal cardholders."