topic Re: Why Does Chase Hate Me?? in Credit Cards

Why Does Chase Hate Me??

BlueHusky — Fri, 13 Apr 2012 00:56:08 GMT

When I had credit problems (no baddies, just uber high utilization) only Chase closed one of my CC accounts.
Refused to PC my Slate to a Freedom.
7-10 message when I applied for a Freedom. Had to call for a recon and the guy finally approved it for $1,000. Strange, because the only other card I've applied for on my own since my credit score shot up was the AMEX Blue Cash Everday, and they INSTANTLY approved me for a $12,500 limit. My FICO from Walmart is 783, from American Express it's 761 - I have no baddies, adequate income, etc. I feel like I shouldn't have to do a recon for a measly $1,000 on the Freedom.

If it wasn't for the awsome combo of Chase Sapphire Preferred + Chase Checking + Chase Freedom, I wouldn't have any chase cards.

Note: While I was instantly approved for the Chase Sapphire Preferred recently as well, this was on a joint account with my significant other. I don't count that as an approval for myself, really. It just seems Chase doesn't like me.. :/ Any ideas?

Re: Why Does Chase Hate Me??

Anonymous — Fri, 13 Apr 2012 01:07:38 GMT

I know webhopper and Tanner are probably going to laugh because I'm posting in here, but BlueHusky, your disparity in credit lines is one shared by me.

Chase must not like me either.

Yes, the Freedom at 1.4K gets a little frustrating for me, specially since I know that I'll be pushing to have my AMEX go as high as possibly can within the next month, but I'm definitely putting in some work with the Freedom. If they want to auto-CLI me, that's fine, if not, that's fine as well. The UR is more than worth it. Yes, the credit line sucks, but the system put in place with the combo is more than worth it for me.

And it doesn't matter the "why" of you getting the CSP, the point is, you got it and it's a joint account and not you on it as a AU, correct?

Re: Why Does Chase Hate Me??

Anonymous — Fri, 13 Apr 2012 01:09:08 GMT

I don't know, but they hate me, too. The only card I have is one that was a WaMu card before Chase got it. I've never done a thing wrong with Chase. In fact, I do everything right, and keep my card paid off every month. My scores have gone nowhere but up. They soft-pull my reports every month and never give me anything - no CLI from the wacky $3,788 that it is (It was $4,000 and I charged $800 at the dentist once and they dropped me down) and no reduction in the 23% APR I have. No ability to transfer balances (not that I would want to at that APR.

Re: Why Does Chase Hate Me??

webhopper — Fri, 13 Apr 2012 01:18:34 GMT

Chase hates me too! LOL at frugalricans unrequited love!

1 first chase card, chase freedom, not one CLI in 2 yrs of having the card. 200 dollar cl
2 they closed my chase amazon visa over a TYPO
3 they charged me a monthly fee for my business checking account

Maybe its because we haven't switched to paperless statements muhahaha!

Re: Why Does Chase Hate Me??

Anonymous — Fri, 13 Apr 2012 01:18:24 GMT

BlueHusky wrote:

It just seems Chase doesn't like me.

I know what you mean. I dread having to call them for "anything" because it seems like I always get the representative who is in a bad mood. Even when I go into my local bank, the tellers there are never in a good mood. I've always wondered if it is a horrible place to work?

They have great credit cards and their current Freedom, CSP + Checking Account Combo cannot be beat -- my husband and I are anxous to get approved for that deal one of these years. But that's the other thing with them, they want two (2) full years of perfect credit history with "someone else" before they will approve you -- even though we've been checking/savings customers for many years!

So, I hear you -- and I understand.

Re: Why Does Chase Hate Me??

Anonymous — Fri, 13 Apr 2012 01:33:52 GMT

Don't take it personally. In my opinion some just don't fit that banks perfect profile for lending. I saw this when my mother received 20K from chase and 1K from discover. What's up with that! Not everyone's going to love you.lol

Re: Why Does Chase Hate Me??

RyVision — Fri, 13 Apr 2012 02:32:58 GMT

And here is the answer to all the above posts;

Of cards we have in my family, Chase is second only to the BoA constrictor when it comes to "being big bank negatively predictable"; meaning, they're crap. OK, that word might be too kind LOL. They are crap because they will treat you like crap because you are not a person, you are not even a number, you are a cow, to milk or even possibly slaughter; if you aren't groomed to their specs for that moment in time, you are a SICK cow and treated as such.

If you came in to Chase through Wamu, you were a sick, disfigured cow on your way in the door (in Chase's eyes, just so you know). I say this even though Chase has been half decent to us (did not come in through the Wamu door however). They weren't totally without "crappyness" during the downturn when handling my DM's account, but much kinder to her than most of their average to slightly above average cattle.

Chase does not hate any of you, Chase uses everyone (like the BoA, squeezing what they can out of who they see fit to squeeze). Do not respond to this with how wonderful Chase or BoA is, they have their deluded fans, if you're deluded, hush your face, you're not in the real world. And I will be the first to tell you, eventually, if given the slightest reason, they will play games with you and you'll wonder why they hate you.

Yes, we have Chase Freedom (if you wish to actually call it that LOL) but we know where we stand with it, even with a 5k CL and 10.9% rate, I have no reason to trust them. They are all like poorly raised Pit-Bulls really (nothing against pit-bulls, for them, it's how they're raised), and will turn on you when they feel the need. And yes, I've known Chase for nearly 20 years and am well acquainted with how they treat their customers, mostly hearing about the treatment of others.

The 2 banks mentioned above are why I've come to understand why others seem to like their CU's so much. When you think about it, it's almost funny how people continue to do business with the 2 banks mentioned above, but they're not going anywhere, so we use them. We're not going to ban together and yank their customer base out from under them so we stay, a bit like lemmings at times.... The best we can do is use them back as much as possible if we're going to carry them.

Re: Why Does Chase Hate Me??

webhopper — Fri, 13 Apr 2012 02:41:51 GMT

I switched most of my banking to state farm about 2 yrs ago. I was getting tired of fees! State farm has charged me no fees and have had my back when someone was threatening to sue me. I like having my Roth, checking, savings, life, home, auto, personal liabilty all in one place you can call 24/7. They make money from me, but I pay them for the service and products they provide, and I don't feel milked by all the fees.

Re: Why Does Chase Hate Me??

CreditScholar — Fri, 13 Apr 2012 02:44:41 GMT

@RyVision wrote:
And here is the answer to all the above posts;

Of cards we have in my family, Chase is second only to the BoA constrictor when it comes to "being big bank negatively predictable"; meaning, they're crap. OK, that word might be too kind LOL.   They are crap because they will treat you like crap because you are not a person, you are not even a number, you are a cow, to milk or even possibly slaughter; if you aren't groomed to their specs for that moment in time, you are a SICK cow and treated as such.

If you came in to Chase through Wamu, you were a sick, disfigured cow on your way in the door (in Chase's eyes, just so you know).   I say this even though Chase has been half decent to us (did not come in through the Wamu door however). They weren't totally without "crappyness" during the downturn when handling my DM's account, but much kinder to her than most of their average to slightly above average cattle.

Chase does not hate any of you, Chase uses everyone (like the BoA, squeezing what they can out of who they see fit to squeeze). Do not respond to this with how wonderful Chase or BoA is, they have their deluded fans, if you're deluded, hush your face, you're not in the real world. And I will be the first to tell you, eventually, if given the slightest reason, they will play games with you and you'll wonder why they hate you.

Yes, we have Chase Freedom (if you wish to actually call it that LOL) but we know where we stand with it, even with a 5k CL and 10.9% rate, I have no reason to trust them. They are all like poorly raised Pit-Bulls really (nothing against pit-bulls, for them, it's how they're raised), and will turn on you when they feel the need. And yes, I've known Chase for nearly 20 years and am well acquainted with how they treat their customers, mostly hearing about the treatment of others.

The 2 banks mentioned above are why I've come to understand why others seem to like their CU's so much. When you think about it, it's almost funny how people continue to do business with the 2 banks mentioned above, but they're not going anywhere, so we use them. We're not going to ban together and yank their customer base out from under them so we stay, a bit like lemmings at times....   The best we can do is use them back as much as possible if we're going to carry them.

Sorry, I'm going to disagree with you here regardless of what you say about being deluded and "not in the real world". As a lender Chase can lend to whoever they see fit. If you don't fit their profile, then that's too bad. It takes two parties to make a deal, and it sounds like a lot of people here are just bitter that they're not getting what they want. Chase generally won't give auto-CLIs. If you want one, you need to request it and be willing to take a HP.

The thing about credit cards is that you need to find the products that work best for you. If Chase doesn't work for your needs, then just do what you did and bank with someone else. This does not mean however, that Chase is awful for everyone. They're a business and not a charity, which means that they are out to make money. If you're not making them money (or enough money), then they'll just pass you over. I don't see why this is so hard to understand.

Re: Why Does Chase Hate Me??

haulingthescoreup — Fri, 13 Apr 2012 02:56:40 GMT

@CreditScholar wrote:
@RyVision wrote:
And here is the answer to all the above posts;

Of cards we have in my family, Chase is second only to the BoA constrictor when it comes to "being big bank negatively predictable"; meaning, they're crap. OK, that word might be too kind LOL.   They are crap because they will treat you like crap because you are not a person, you are not even a number, you are a cow, to milk or even possibly slaughter; if you aren't groomed to their specs for that moment in time, you are a SICK cow and treated as such.

If you came in to Chase through Wamu, you were a sick, disfigured cow on your way in the door (in Chase's eyes, just so you know).   I say this even though Chase has been half decent to us (did not come in through the Wamu door however). They weren't totally without "crappyness" during the downturn when handling my DM's account, but much kinder to her than most of their average to slightly above average cattle.

Chase does not hate any of you, Chase uses everyone (like the BoA, squeezing what they can out of who they see fit to squeeze). Do not respond to this with how wonderful Chase or BoA is, they have their deluded fans, if you're deluded, hush your face, you're not in the real world. And I will be the first to tell you, eventually, if given the slightest reason, they will play games with you and you'll wonder why they hate you.

Yes, we have Chase Freedom (if you wish to actually call it that LOL) but we know where we stand with it, even with a 5k CL and 10.9% rate, I have no reason to trust them. They are all like poorly raised Pit-Bulls really (nothing against pit-bulls, for them, it's how they're raised), and will turn on you when they feel the need. And yes, I've known Chase for nearly 20 years and am well acquainted with how they treat their customers, mostly hearing about the treatment of others.

The 2 banks mentioned above are why I've come to understand why others seem to like their CU's so much. When you think about it, it's almost funny how people continue to do business with the 2 banks mentioned above, but they're not going anywhere, so we use them. We're not going to ban together and yank their customer base out from under them so we stay, a bit like lemmings at times....   The best we can do is use them back as much as possible if we're going to carry them.
Sorry, I'm going to disagree with you here regardless of what you say about being deluded and "not in the real world". As a lender Chase can lend to whoever they see fit. If you don't fit their profile, then that's too bad. It takes two parties to make a deal, and it sounds like a lot of people here are just bitter that they're not getting what they want. Chase generally won't give auto-CLIs. If you want one, you need to request it and be willing to take a HP.

The thing about credit cards is that you need to find the products that work best for you. If Chase doesn't work for your needs, then just do what you did and bank with someone else. This does not mean however, that Chase is awful for everyone. They're a business and not a charity, which means that they are out to make money. If you're not making them money (or enough money), then they'll just pass you over. I don't see why this is so hard to understand.

Well, I'll do my Libra thing and go for the balance.

I completely agree that way too many people read some sort of emotional state into their banking relationships. I'm sorry, it's very possible that the woman (occasionally man) at the front desk at your local branch has a smile that lights up your life, and they play music you like in the background (Michael McDonald/ Howlin' Wolf/ Alison Krause/ Rachmaninoff) on their speaker system, and they give you extra quarter coin rolls, but the fact is, your bank is a business, and you are a customer. If they're smart, they will work on keeping their customers with good service, but they don't "love" you, and it's silly (and dangerous) to "love" them back.

At the same time, being all paranoid about certain banks being out to get you doesn't make sense, either. Many of us have done just fine with BofA and Chase (and AmEx and Citi and USBank and whomever), while we completely understand and sympathize with those who've gotten trampled in the dust, and we fully realize that it could happen to us tomorrow as well.

IMO, keep a realistic view of what all this is about. It's mutual back-scratching, nothing more, nothing less. If you're a PIF'fer, they benefit from your card swipes, and you benefit from their CL and floating your payments. If you're rebuilding or having to carry balances for now, they benefit from your annual fees and interest charges, and you benefit from them loaning you money for now.

But it's a bidness, like any other bidness. Don't let false sentimentality cloud your judgment.

Re: Why Does Chase Hate Me??

lolabelle — Fri, 13 Apr 2012 02:59:26 GMT

@Anonymous wrote:
I don't know, but they hate me, too. The only card I have is one that was a WaMu card before Chase got it. I've never done a thing wrong with Chase. In fact, I do everything right, and keep my card paid off every month. My scores have gone nowhere but up. They soft-pull my reports every month and never give me anything - no CLI from the wacky $3,788 that it is (It was $4,000 and I charged $800 at the dentist once and they dropped me down) and no reduction in the 23% APR I have. No ability to transfer balances (not that I would want to at that APR.

Same here. I have 3 cards with them right now, 2 of which date back to 2007 and 2008. I have always paid on time, I use them frequently. Not once have I had a CLI or an interest rate reduction (and, frankly, my interest rates with them kind of suck). Only one of my cards ever offers balance transfers. And when I called them the other day to get some baseline info, the CSR sounded like I had kicked her dog and insulted her mama.

On the up side, I've never had any issues with them either - *knocks on wood* - and they're pretty good about being on the lookout for potential fraud. And the rewards aren't half bad...

Re: Why Does Chase Hate Me??

RyVision — Fri, 13 Apr 2012 04:21:18 GMT

I might step on a few deluded toes with this, but ........

Look at what the banking industry has done over the last couple of decades, they're a business yes, but a rather crooked business. They will push things just past the line of rules and regulation to make better profits, coming up with phony products to sell that are worthless to cover what they've loaned, cause our economy to nose dive then once the threat of the whip is raised, do an about face which disrupts things even more. That is the part I have the biggest problem with when it comes to big banks frankly.

I don't recall mentioning we wanted a CLI from Chase, or a lower rate....... We do business with them, but also realize what we're doing business with and have no intentions of dumping the card we still carry with them (the last one we closed was the siggy that had a higher rate). Somehow I think a few might have missed that. We're in business, we've never been in a CROOKED or unethical business. Somehow, some of us still understand the difference.

I wasn't just stating an opinion or experience, I was stating a fact.

Really CS, did you even read my post and comprehend it? If so I doubt you would have brought out the "snooty card" so quick. That's really not like you at all. With all due respect, please don't insult ethical people and businesses by lumping big banks in with us, we don't own any politicians and we don't Mod Cut the American consumer until some authority yells at us to stop.

Re: Why Does Chase Hate Me??

CreditScholar — Fri, 13 Apr 2012 05:13:30 GMT

@RyVision wrote:
I might step on a few deluded toes with this, but ........

Look at what the banking industry has done over the last couple of decades, they're a business yes, but a rather crooked business. They will push things just past the line of rules and regulation to make better profits, coming up with phony products to sell that are worthless to cover what they've loaned, cause our economy to nose dive then once the threat of the whip is raised, do an about face which disrupts things even more. That is the part I have the biggest problem with when it comes to big banks frankly.

I don't recall mentioning we wanted a CLI from Chase, or a lower rate....... We do business with them, but also realize what we're doing business with and have no intentions of dumping the card we still carry with them (the last one we closed was the siggy that had a higher rate). Somehow I think a few might have missed that. We're in business, we've never been in a CROOKED or unethical business. Somehow, some of us still understand the difference.

I wasn't just stating an opinion or experience, I was stating a fact.

Really CS, did you even read my post and comprehend it? If so I doubt you would have brought out the "snooty card" so quick. That's really not like you at all. With all due respect, please don't insult ethical people and businesses by lumping big banks in with us, we don't own any politicians and we don't Mod Cut the American consumer until some authority yells at us to stop.

Oh I understood what you said alright, I just didn't agree with it. The comments regarding CLIs and APRs weren't referring to you, but instead to others on this post with the common viewpoint that they don't like Chase. Everything I write isn't all about you. However, the next part is.

Business is business, and the only boundaries of business are economics, the law and what the law can actually prove. If you prefer to impose additional boundaries on your own business, then that's your perogative. Don't expect all other businesses to do the same. They aren't required to and therefore they haven't. Moral and ethical arguments in business are losing ones. If you have a problem with how they conduct their business, blame the legal system. Banks are doing what they're allowed to do given the current rules/setup, and like any other individual they are innocent until proven guilty. If the system hasn't been able to prove them guilty, then you might want to take a harder look at the flaws in our laws and our courts first.

If you disagree with how they conduct themselves, you have two options: continue to do business with them or walk.

Re: Why Does Chase Hate Me??

Anonymous — Fri, 13 Apr 2012 05:43:42 GMT

lolabelle wrote:

And when I called them the other day to get some baseline info, the CSR sounded like I had kicked her dog and insulted her mama.

This is exactly what I can do without. Yet, like I said -- I absolutely dread going into my local branch or having to call them for anything. I can count on less than one hand the number of times that I have dealt with a customer service representative there who was not in a hurry to get rid of me or didn't have attitude.

Re: Why Does Chase Hate Me??

Revelate — Fri, 13 Apr 2012 06:03:43 GMT

@BlueHusky wrote:
When I had credit problems (no baddies, just uber high utilization) only Chase closed one of my CC accounts.
Refused to PC my Slate to a Freedom.
7-10 message when I applied for a Freedom. Had to call for a recon and the guy finally approved it for $1,000. Strange, because the only other card I've applied for on my own since my credit score shot up was the AMEX Blue Cash Everday, and they INSTANTLY approved me for a $12,500 limit. My FICO from Walmart is 783, from American Express it's 761 - I have no baddies, adequate income, etc. I feel like I shouldn't have to do a recon for a measly $1,000 on the Freedom.

If it wasn't for the awsome combo of Chase Sapphire Preferred + Chase Checking + Chase Freedom, I wouldn't have any chase cards.

Note: While I was instantly approved for the Chase Sapphire Preferred recently as well, this was on a joint account with my significant other. I don't count that as an approval for myself, really. It just seems Chase doesn't like me.. :/ Any ideas?

BH,

Congrats on your cards from the other thread! That said, a lender is going to look at the open credit lines they have you across ALL the tradelines: Freedom (1K), Slate (saw you combined this with the Freedom somewhere), and CSP which is a minimum of a 5K limit.

6K+ with any lender is more than respectable, and Amex, truth be told, is offering very aggressive (high) CL's these days.

Now, my applying for even a Slate, that could be considered their hating on me... they'd at least be howling with laughter when they reviewed the application at my expense .

Re: Why Does Chase Hate Me??

minimock — Fri, 13 Apr 2012 06:12:36 GMT

Its not like the 40's 50's and 60's anymore.

Back then you had a personal banker, that you went in and talked to and had a relationship with. No FICO, no baselines, no computers.

There is no such thing as a "Banking Relationship" anymore.

Ah for the old days, but you can't look back, better to just move along and learn the numbers game to stay ahead of the machine.

You can't take it personally, I know its hard not to, but its just numbers. 1 point one way or the other means you get or don't get a card.

Its a bold new world out there ladies and gentleman and a new type of warfare. It is best to know the ways of your enemies LOL.

This place is where I learned about my enemy, and how to use them to the extent they can be used or manipulated.

In the end, it is what it is. Play big or go home lol

Re: Why Does Chase Hate Me??

Anonymous — Fri, 13 Apr 2012 12:45:16 GMT

Wow, what a bunch of serious rhetoric here. I can only speak for myself, so I'll say (and I thought this would be clear enough) that I was being facetious to imply that a bank doesn't "like" me, or rather, I know it's nothing personal. Their risk management software simply doesn't "like" my profile, and that's as far as it goes.

I've spoken at length to their credit analysts several times and I know that they just have strict and conservative standards that don't allow me to get anywhere with them. It seems wacky when a 19-year-old with no credit history might get more attractive terms from them than I would, but I realize that it's their right to set their standards in whatever way they find prudent, and I would do the same if I were a bank.

Unfortunately for me, I am simply lumped in, demographically (or whatever the term would be for their metrics) with losers and that's OK - I'm not grouped that way with plenty of other institutions. They probably prefer the fresh new entrant into the credit world (the 19-year-old) vs. me, with my bankruptcy ten years ago, my record of having tax liens, whether or not I paid them (and I did) and cards with about ten other financial institutions. They want Mr. and Mrs. Joe and Jane Suburbia with their one 30-year mortgage, one car loan, and two credit cards and they probably get decent results with that strategy. They have so much business they don't know what to do with it, so they can afford to be as choosy as they want. I probably appear like a shyster, swindler, possible bankruptcy candidate, or just an eccentric user of too much credit.

By the way, I see this over and over on this and other boards: People complain about bad treatment from banks and CSRs, and I make dozens of phone calls per year to these places and I don't think I've ever been treated rudely. Maybe 1. I'm clear, polite, and respectful when I call, and 2. I don't have unreasonable standards. Some people can't be pleased and if they don't get everything they want, they say the CSR was rude and disrespectful.

*by the way, Minimock is exactly right. It's all numbers, it's all "the computer." There's no fighting "the computer" so we'd all better just get used to it. When that all-knowing, all-controlling computer program doesn't like the input that goes with my name and social security number, there's little-to-nothing that anyone can do about it except keep playing the game and hope that I can beat the computer someday (and I've been making headway over the years. Computers are dumb and they only work with whatever you feed into them. Generally, there are no people involved to "like" or "hate" you in this game.)

Re: Why Does Chase Hate Me??

CreditCrusader — Fri, 13 Apr 2012 12:45:57 GMT

@CreditScholar wrote:
@RyVision wrote:
I might step on a few deluded toes with this, but ........

Look at what the banking industry has done over the last couple of decades, they're a business yes, but a rather crooked business. They will push things just past the line of rules and regulation to make better profits, coming up with phony products to sell that are worthless to cover what they've loaned, cause our economy to nose dive then once the threat of the whip is raised, do an about face which disrupts things even more. That is the part I have the biggest problem with when it comes to big banks frankly.

I don't recall mentioning we wanted a CLI from Chase, or a lower rate....... We do business with them, but also realize what we're doing business with and have no intentions of dumping the card we still carry with them (the last one we closed was the siggy that had a higher rate). Somehow I think a few might have missed that. We're in business, we've never been in a CROOKED or unethical business. Somehow, some of us still understand the difference.

I wasn't just stating an opinion or experience, I was stating a fact.

Really CS, did you even read my post and comprehend it? If so I doubt you would have brought out the "snooty card" so quick. That's really not like you at all. With all due respect, please don't insult ethical people and businesses by lumping big banks in with us, we don't own any politicians and we don't Mod Cut the American consumer until some authority yells at us to stop.
Oh I understood what you said alright, I just didn't agree with it. The comments regarding CLIs and APRs weren't referring to you, but instead to others on this post with the common viewpoint that they don't like Chase. Everything I write isn't all about you. However, the next part is.

Business is business, and the only boundaries of business are economics, the law and what the law can actually prove. If you prefer to impose additional boundaries on your own business, then that's your perogative. Don't expect all other businesses to do the same. They aren't required to and therefore they haven't. Moral and ethical arguments in business are losing ones. If you have a problem with how they conduct their business, blame the legal system. Banks are doing what they're allowed to do given the current rules/setup, and like any other individual they are innocent until proven guilty. If the system hasn't been able to prove them guilty, then you might want to take a harder look at the flaws in our laws and our courts first.

If you disagree with how they conduct themselves, you have two options: continue to do business with them or walk.

I have to agree with CreditScholar here...and to add to what he is saying, we would all probably do well to stop comparing brands as though one credit profile will match the lending profile requirements of others.

For instance, we will frequently see posts here asking why NFCU or Citi will approve a card with a $10,000-20,000 CL, yet Discover only approves $1,000. The answer is: Discover is, by and large, a more conservative lender. To take personally the fact that they don't reward your credit profile and SD them is a little silly to me. I mean, they already approved you for credit...UNSECURED credit! That in and of itself is a compliment to you as a credit consumer.

Same goes for the always-popular paranoid lenders like AMEX, Barclay and BOA. Does it bother you that they FR or watch you like a hawk? If that is a source of consternation for you, don't apply for their cards...simple as that.

Bottom-line: Dance with the girl you bring to the ball, but remember always that YOU chose her. If you no longer have warm and fuzzies for that girl, it's time to move on

Re: Why Does Chase Hate Me??

frogfan12 — Fri, 13 Apr 2012 15:38:19 GMT

Chase doesn't like me either. As Michael Jackson used to say, "you are not alone".

Re: Why Does Chase Hate Me??

Open123 — Fri, 13 Apr 2012 15:59:21 GMT

Since we're dealing Banks (not Charitable institutions), wouldn't they sort of not really like (from a profit loss perspective) anyone whom they think may not have money or make them any money?

Any business that caters to those whose costs to service exceeds revenue won't be in business for long. Every business--especially today--must seek out those 5% customers whose service costs will neutralize the profits gained from the other 95% of profitable customers.

This is especially true for banks and service related companies.