topic Re: Chase really doesn't waste any time! in Credit Cards

Chase really doesn't waste any time!

Anonymous — Tue, 22 Dec 2015 15:22:20 GMT

Fed raised interest ratess by .25% earlier this month and Chase didn't waste ANY time adjusting all of my interest rates. THE ONLY BANK to do this so far.

I'm sure they must be hurting for money to be in this much of a hurry. /sarcasm

Re: Chase really doesn't waste any time!

Anonymous — Tue, 22 Dec 2015 15:23:15 GMT

@Anonymous wrote:
Fed raised interest ratess by .25% earlier this month and Chase didn't waste ANY time adjusting all of my interest rates. THE ONLY BANK to do this so far.

I'm sure they must be hurting for money to be in this much of a hurry. /sarcasm

My wife's State Farm CC increased by .25% practically the next day as well. Haven't seen my Chase cards change yet.

Re: Chase really doesn't waste any time!

Peteyglad — Tue, 22 Dec 2015 16:52:08 GMT

No change on any of mine yet, including Chase. I know it is coming though!

Re: Chase really doesn't waste any time!

Anonymous — Tue, 22 Dec 2015 16:53:53 GMT

I realized they missed my Slate, but it's under promo right now, so I don't think Mint would've picked up on it.

Re: Chase really doesn't waste any time!

willwar14 — Tue, 22 Dec 2015 16:56:54 GMT

Yup my amazon card has also increased by .24..

Re: Chase really doesn't waste any time!

ddemari — Tue, 22 Dec 2015 18:01:59 GMT

yup I just noticed all my chase apr's are higher.

Re: Chase really doesn't waste any time!

ddemari — Tue, 22 Dec 2015 18:05:25 GMT

dang my Freedom is at 23.24% now

Re: Chase really doesn't waste any time!

Closingracer99 — Tue, 22 Dec 2015 18:38:22 GMT

I have the Amazon visa, freedom, chase Sapphire, Disney (non AF) and slate and the only one that had an APR increase for me was my amazon visa.

Re: Chase really doesn't waste any time!

Anonymous — Tue, 22 Dec 2015 18:38:52 GMT

Haven't checked anything else yet but yup United, IHG and Disney are all .25% higher now at 16.24%.

Re: Chase really doesn't waste any time!

medo — Tue, 22 Dec 2015 18:49:55 GMT

All of my Chase cards have increased (Ritz, CSP and Freedom). I think my CU cards may have increased, but there is no way to verify until my newest statements come out. I think this because they increased the yeild already.

Re: Chase really doesn't waste any time!

gdale6 — Tue, 22 Dec 2015 18:58:21 GMT

They are the only ones who I have seen raise APR so far with all my cards.

Re: Chase really doesn't waste any time!

elim — Tue, 22 Dec 2015 19:00:08 GMT

Wells Fargo raised rates 15 minutes after feds, JPM Chase followed within an hour.

Re: Chase really doesn't waste any time!

Anonymous — Tue, 22 Dec 2015 19:09:22 GMT

Me too, just got the updates. For a minute there after my recent run of luck thought it might be AA so logged on here and found this thread. Relieved I guess 🤔

Re: Chase really doesn't waste any time!

ddemari — Tue, 22 Dec 2015 19:24:07 GMT

Only lender I have noticed the hike with also.

Re: Chase really doesn't waste any time!

Anonymous — Tue, 22 Dec 2015 21:04:20 GMT

Strange I work at credit union and since the rate hike there have been no plans to raise any of our rates. Maybe because were governed by the NCUA not the FDIC

Re: Chase really doesn't waste any time!

Imperfectfuture — Tue, 22 Dec 2015 21:30:33 GMT

@Anonymous wrote:
Strange I work at credit union and since the rate hike there have been no plans to raise any of our rates. Maybe because were governed by the NCUA not the FDIC

My credit union card is a fixed rate. Will not fluctuate with the other rates. No news from Chase yet. Barclays statement cut for Aviator, still 19.99.

Re: Chase really doesn't waste any time!

Anonymous — Tue, 22 Dec 2015 21:31:12 GMT

Just checked...Disney went up and AARP under promo right now, but I am sure that will be going up.

Do they send out letters? I would want to know if I was carrying a balance.

Re: Chase really doesn't waste any time!

tntexans72 — Tue, 22 Dec 2015 21:35:28 GMT

Here comes the fast ball from Chase and all other banks!

Re: Chase really doesn't waste any time!

FinStar — Tue, 22 Dec 2015 21:36:55 GMT

Time is money! Plus, this was expected to occur so there shouldn't be any surprises and if one is in PIF mode, then it really shouldn't matter other than knowing that the price one pays for the cost of credit just went up a bit.

Re: Chase really doesn't waste any time!

FinStar — Tue, 22 Dec 2015 21:39:08 GMT

@Anonymous wrote:
Just checked...Disney went up and AARP under promo right now, but I am sure that will be going up.

Do they send out letters? I would want to know if I was carrying a balance.

It should be noted in your statement. Also, the CCA provides guidance on the APR so given the recent FOMC change with the rate, customers should be reviewing their statements.