@tk_0014 wrote:Well, somewhere between December 2008 and January 2009, I did something to irritate chase and get stuck with the penalty APR. I Don't remember what it was, and it's not evident on my statement facimilies. Maybe I was late, but if I was, it wasn't reported to credit bureau.
Anyway, I never really cared, but I realized how much money I have been throwing away and started PIF around the start of this year. I would like to work toward getting the penalty rate removed.
CSR said no way she could do it at this point.
Researching on the internet, I found this: https://www.firstusa.com/cgi-bin/webcgi/webserve.cgi?card=F54L&page_type=appterms
It pretty clearly says indefinitely, and it says that it will effect OTHER ACCOUNTS! Does this slash my dreams of getting a CSP? (Or any chase product for that matter?)
I would like to CLI for utilization reasons but if I can never get a APR reduction there is not really a point.
This is one of my oldest TL, dating back to 11/1/06 so I would rather not close it.
Did you ever find out what triggered the penalty APR?
@indiolatino61 wrote:
@tk_0014 wrote:Well, somewhere between December 2008 and January 2009, I did something to irritate chase and get stuck with the penalty APR. I Don't remember what it was, and it's not evident on my statement facimilies. Maybe I was late, but if I was, it wasn't reported to credit bureau.
Anyway, I never really cared, but I realized how much money I have been throwing away and started PIF around the start of this year. I would like to work toward getting the penalty rate removed.
CSR said no way she could do it at this point.
Researching on the internet, I found this: https://www.firstusa.com/cgi-bin/webcgi/webserve.cgi?card=F54L&page_type=appterms
It pretty clearly says indefinitely, and it says that it will effect OTHER ACCOUNTS! Does this slash my dreams of getting a CSP? (Or any chase product for that matter?)
I would like to CLI for utilization reasons but if I can never get a APR reduction there is not really a point.
This is one of my oldest TL, dating back to 11/1/06 so I would rather not close it.
Did you ever find out what triggered the penalty APR?
Yeah, it appears that I went over limit, but paid down before it posted. I had to total up my charges and payments to see it.
I guess it's a good deterrent to carrying a balance.
@Laugh wrote:
Really?
Has anyone received an apr other than 15.24%? I think it has more to do with the prime rate.
Sorry. On the iPad so I can't quote.
Download Atomic Web, and identify as a different browser... I'm on it on my ipad now....
Starting Score: TU 595 EX 600 EQ 585
@tk_0014 wrote:
@indiolatino61 wrote:
@tk_0014 wrote:Well, somewhere between December 2008 and January 2009, I did something to irritate chase and get stuck with the penalty APR. I Don't remember what it was, and it's not evident on my statement facimilies. Maybe I was late, but if I was, it wasn't reported to credit bureau.
Anyway, I never really cared, but I realized how much money I have been throwing away and started PIF around the start of this year. I would like to work toward getting the penalty rate removed.
CSR said no way she could do it at this point.
Researching on the internet, I found this: https://www.firstusa.com/cgi-bin/webcgi/webserve.cgi?card=F54L&page_type=appterms
It pretty clearly says indefinitely, and it says that it will effect OTHER ACCOUNTS! Does this slash my dreams of getting a CSP? (Or any chase product for that matter?)
I would like to CLI for utilization reasons but if I can never get a APR reduction there is not really a point.
This is one of my oldest TL, dating back to 11/1/06 so I would rather not close it.
Did you ever find out what triggered the penalty APR?
Yeah, it appears that I went over limit, but paid down before it posted. I had to total up my charges and payments to see it.
I guess it's a good deterrent to carrying a balance.
Hopefully time will heal this wound....
Not the exact same situation but for what it's worth here's mine: I had a WAMU card Chase bought and jacked the rate to 28.xx% when I had done nothing wrong. They will not under any circumstance adjust it, even with a 750+ FICO. So what I did was get a Slate card and moved $4500 of the $5k credit line over to it. Leaves me enough to use for the 5% stuff and let me move all of my outstanding CC debt to 0% for 18 months.
