topic Re: Chase never ceases to Amaze me in Credit Cards

Chase never ceases to Amaze me

Anonymous — Mon, 23 Aug 2010 15:32:39 GMT

I had opened a WaMu card right before they were acquired by Chase. After the 1 yr promo period, my interest rate was 9%. Chase left the card alone until the Credit Card act mess started and raised the interest rate to 16.24%. Well I use an application on my phone called Personal Assistant and it sent me a notification from Chase which I just KNEW had to be incorrect. It stated I had an interest rate decrease to 8.24%. I just knew something was wrong (and was thanking goodness this was a free app). Well low and behold I checked my account and Chase did lower my interest rate to 8.24%. No notice or anything like that. Just wanted to share my good news and see if this has happen to anyone else.

Re: Chase never ceases to Amaze me

andre181 — Mon, 23 Aug 2010 15:38:49 GMT

Wow! I wish the same would happen for me! I just check mine, still stuck at 24.24%. Mine also went up from 13.99 to 24.24 right before CARD Act.

If it weren't one of my oldest TLs I would close it in a heartbeat. Oh well, I PIF this card every month anyway so I don't really care.

Re: Chase never ceases to Amaze me

MidnightVoice — Mon, 23 Aug 2010 15:51:32 GMT

Mine is still 13.xx

Re: Chase never ceases to Amaze me

Anonymous — Mon, 30 Aug 2010 19:55:30 GMT

@Anonymous wrote:
I had opened a WaMu card right before they were acquired by Chase. After the 1 yr promo period, my interest rate was 9%. Chase left the card alone until the Credit Card act mess started and raised the interest rate to 16.24%. Well I use an application on my phone called Personal Assistant and it sent me a notification from Chase which I just KNEW had to be incorrect. It stated I had an interest rate decrease to 8.24%. I just knew something was wrong (and was thanking goodness this was a free app). Well low and behold I checked my account and Chase did lower my interest rate to 8.24%. No notice or anything like that. Just wanted to share my good news and see if this has happen to anyone else.

Well now I am really amazed. Went to make my online payment and noticed I more credit available than I should (about $200). Then I looked at my payment amount due and it showed $0.00. Looked at my existing transactions and Chase issued interests credits totaling a little over $200. My mom said dont get too excited and I will be honest that I am afraid to call and see what is going on. I have had companies reduced my interest rate previously, but never retroactively credit interest charges.

Re: Chase never ceases to Amaze me

Anonymous — Mon, 30 Aug 2010 22:31:55 GMT

Congrats, PurpleHaze!

I've got to say that I'm astounded by this.

What have you got on them?!?

Re: Chase never ceases to Amaze me

score_building — Tue, 31 Aug 2010 01:05:19 GMT

Congrats!! This is a shocker coming from Chase.

Re: Chase never ceases to Amaze me

Anonymous — Tue, 31 Aug 2010 03:08:59 GMT

@Anonymous wrote:
Congrats, PurpleHaze!

I've got to say that I'm astounded by this.

What have you got on them?!?

+1.

Re: Chase never ceases to Amaze me

Uniqua — Thu, 02 Sep 2010 18:18:07 GMT

Still 12.24 for me and no auto CLIs either. Was told by CSR that I could PT to Slate MC even without my Freedom Visa having a $5k CL. Chase does confuse me, but this is wonderful news to say the least. Congrats!

Re: Chase never ceases to Amaze me

Anonymous — Thu, 02 Sep 2010 18:41:19 GMT

I actually called Chase just yesterday to see about possibly getting a reduction in my interest rate. The lady on the phone told me that they could no longer initiate interest rate reductions, it was now all happening behind the scenes. She said that they would go in and review all the accounts slowing and see about issuing lower rates! So we could all be receiving lower rates at any given time... good in some ways but bad if you're trying to get an immediate lower rate...

Congrats though! That is totally awesome!

Re: Chase never ceases to Amaze me

Anonymous — Thu, 02 Sep 2010 23:19:46 GMT

@Anonymous wrote:
I actually called Chase just yesterday to see about possibly getting a reduction in my interest rate. The lady on the phone told me that they could no longer initiate interest rate reductions, it was now all happening behind the scenes. She said that they would go in and review all the accounts slowing and see about issuing lower rates! So we could all be receiving lower rates at any given time... good in some ways but bad if you're trying to get an immediate lower rate...

Congrats though! That is totally awesome!

Sure, we could.

But color me doubtful. We could also all be sprouting wings and flying around the city at any given time.

Re: Chase never ceases to Amaze me

Creditaddict — Fri, 03 Sep 2010 00:09:16 GMT

I rarely even look at interest rates anymore because they just make me mad but I think I got at least a 2% reduction on my chase cards, I think I use to be paying 13.49 for southwest and it's now 11.9 and the other was 13.24 and now 11.24. now if they would just lower my 22% freedom card (that's the one i got rate jacked on)

Re: Chase never ceases to Amaze me

Anonymous — Fri, 03 Sep 2010 07:42:04 GMT

@Creditaddict wrote:
I rarely even look at interest rates anymore because they just make me mad but I think I got at least a 2% reduction on my chase cards, I think I use to be paying 13.49 for southwest and it's now 11.9 and the other was 13.24 and now 11.24. now if they would just lower my 22% freedom card (that's the one i got rate jacked on)

That's good! I just checked mine, and did not see any reduction.

Freedom VISA Purchase APR 13.24% Cash APR 25.24% CL 8.6K CAL 0.86K

Freedom MC Purchase APR 15.24% Cash APR 19.24% CL 9.0K CAL 1.8K

Chase Credit Card Purchase APR 7.24% Cash APR 19.99% CL 6.0K CAL 1.8K

At this moment, it really does not matter right now. But I would like to see my Purchase APR go back to one digit number on my Freedoms for just in case if I need to carry the balance in the future.