Chase Bank Indiscriminately closing credit card accounts

Being debt-free is the greatest form of Anti-Semitism :)

You shouldn't be using credit cards. They are a rip off. They charge merchants 3% which the merchant then passes on to you. In addition, they charge usurious interests.

Credit cards are for people who can't handle money. If you don't have the money to purchase an item, you can't afford it. Also, credit cards open you up to identity theft. And finally, credit cards leave a trail of all of your financial transactions, what you purchased, for how much and where and when. Do you really want everyone to know your business?

Use cash. Everyone takes cash. Cash is king.

Get rid of your credit cards.

Did anything change in your employment status or income ?
YES, good people do good things.. The rest are liars.

Chase closed both my accounts with no reason whatsoever. When I asked, first they said that they received a letter from Experian recommending that they close my account. When I called Experian, they denied that and were pretty upset about it. When I called Chase a second time, they said the same thing, but when I walked into a branch, and an employee called and put me on with a supervisor, the story changed. They told me that my accounts were too close to the limit. Then why did they establish a limit in the first place if they're not going to let me get even close. I was about half way to my limit!!! Does anyone know if there is legal action that can be taken. I'm furious!!!

ago I was two days late on my 0% chase card. They jacked my rate to 28%. I sent them the balance two weeks later when I learned of their shenanigan and they refused to compromise. They also charged me the $40 for being late and $15 for phone payment.

They ended up charging me 45 days at 28% although it was only 12 days.

Then my balance was still somehow $20. I sent them a check for $30 to make sure to finalize their rip-off. My next bill somehow came and it was $43. I have no idea why but am forced to pay or they will destroy my perfect credit.

Chase is the worst of the rip-off banks.

I used to get ten offers per week for 0% loans for 12-18 months. Now only BoA sends me offers of 6% for six months.

These bankers are ruthlessly contracting credit just like you read about. I wish the whole USofA would just stop paying these thieves the money that they created out of thin air.

I got a letter from Chase on Monday saying that they were cutting my $6,000 credit limit in half because they had found a history of blah blah blah etc. with Experian. I tried to get my credit report online but was denied because I didn't have a credit report #...lol and the same thing when I called them. My score is over 730 and have never had a late payment and have been paying off my card as quickly as I can and hardly ever have a balance.

Obviously they are punishing the "Good People"

Note that you mentioned you normally don't carry a monthly balance. This means you are not a profitable customer to them as they can't charge you interest, penalties and late fees. That is the more likely reason you got canceled.

The hard fact about credit cards that most people don't understand is:

If you DON'T have the cash to pay for something - you shouldn't HAVE a credit card.

If you DO have the cash to pay for something - you don't NEED a credit card.

can be so aggravating. Half the time they have a very condescending attitude toward me. I assume it is because they know I am American. They seem to think that I am not very smart.

So many companies are doing this, as we all know. Phone, computer, ISP, banks and many others I can't think of now. I am routed to South Africa or India most often.

I don't like it. I think of our jobs going overseas.

Sometimes I feel rather sorry for them, as they seem to feel afraid at times. probably of losing their job.

These companies doing this are not showing Americans any respect, just like the politicians and the banks. Why should they? They know they can run over us, and there is nothing we can do about it. Or so they think.