topic Re: Chase in Credit Cards

Chase

kc12286 — Mon, 24 Dec 2012 13:47:20 GMT

I got a notice in the mail the other day from Chase. They're waiving my payments until March for my closed Freedom account, apparently due to Hurricane Sandy. They stress I should make payments if I'm able, but that I will not be penalized (no penalty fees) if I opt not to make a payment. I'm curious if anyone else has seen this from Chase. I'm also curious to see if they offer the same option for my other account. Haven't decided whether I'll exercise the option yet.

Re: Chase

kevinjjc — Mon, 24 Dec 2012 15:01:25 GMT

That's nice of Chase to do. Just curious, why was your Chase Freedom account closed?

Re: Chase

kc12286 — Mon, 24 Dec 2012 15:30:12 GMT

@kevinjjc wrote:
That's nice of Chase to do. Just curious, why was your Chase Freedom account closed?

Long story short, I closed it. Due you have the same card?

Re: Chase

chasmith — Mon, 24 Dec 2012 15:31:29 GMT

Be careful to confirm that if you take advantage of this they will report paid as agreed.

Re: Chase

kc12286 — Mon, 24 Dec 2012 15:35:23 GMT

@chasmith wrote:
Be careful to confirm that if you take advantage of this they will report paid as agreed.

Yeah I called, they said they did send a letter last week. It was nice of them to offer.

Re: Chase

kevinjjc — Mon, 24 Dec 2012 16:00:35 GMT

@kc12286 wrote:
@kevinjjc wrote:
That's nice of Chase to do. Just curious, why was your Chase Freedom account closed?
Long story short, I closed it. Due you have the same card?

I have a Chase Freedom Visa Signature card (18k CL, 12.99% APR).

Re: Chase

kc12286 — Mon, 24 Dec 2012 16:05:20 GMT

@kevinjjc wrote:
@kc12286 wrote:
@kevinjjc wrote:
That's nice of Chase to do. Just curious, why was your Chase Freedom account closed?
Long story short, I closed it. Due you have the same card?
I have a Chase Freedom Visa Signature card (18k CL, 12.99% APR).

Hmm. The one I had was just straight Chase Freedom and it was actually a Mastercard, rather than Visa.

Re: Chase

QAMngrGirl — Mon, 24 Dec 2012 16:47:32 GMT

I can confirm they have extended this type of option to consumers with their Chase accounts enrolled in DMP, but only offered to waive 2 payments, resuming in March not May. These letters clearly state they will still report as "paid as agreed", no fees to be applied.

Re: Chase

kc12286 — Mon, 24 Dec 2012 16:54:00 GMT

@QAMngrGirl wrote:
I can confirm they have extended this type of option to consumers with their Chase accounts enrolled in DMP, but only offered to waive 2 payments, resuming in March not May. These letters clearly state they will still report as "paid as agreed", no fees to be applied.

What is DMP?

I did say resuming in March and that the letter states no fees would be applied. I also called Chase to confirm that the letter originated from them.

Re: Chase

QAMngrGirl — Mon, 24 Dec 2012 16:59:37 GMT

Sorry! I somehow misread that

DMP = Debt Managment Program (either through a CCCS agency or their in-house Repayment plans)

Re: Chase

kc12286 — Mon, 24 Dec 2012 17:01:51 GMT

@QAMngrGirl wrote:
Sorry! I somehow misread that
DMP = Debt Managment Program (either through a CCCS agency or their in-house Repayment plans)

Yeah I did agree to certain terms when I closed my account. I'll still end up paying it off earlier than expected.

Re: Chase

kevinjjc — Mon, 24 Dec 2012 17:48:24 GMT

@kc12286 wrote:
@kevinjjc wrote:
@kc12286 wrote:
@kevinjjc wrote:
That's nice of Chase to do. Just curious, why was your Chase Freedom account closed?
Long story short, I closed it. Due you have the same card?
I have a Chase Freedom Visa Signature card (18k CL, 12.99% APR).
Hmm. The one I had was just straight Chase Freedom and it was actually a Mastercard, rather than Visa.

To the best of my knowledge, the Chase Freedom card comes in 4 different versions:

Chase Freedom Visa
Chase Freedom Visa Signature
Chase Freedom MasterCard
Chase Freedom World MasterCard

Re: Chase

kc12286 — Mon, 24 Dec 2012 17:51:39 GMT

@kevinjjc wrote:
@kc12286 wrote:
@kevinjjc wrote:
@kc12286 wrote:
@kevinjjc wrote:
That's nice of Chase to do. Just curious, why was your Chase Freedom account closed?
Long story short, I closed it. Due you have the same card?
I have a Chase Freedom Visa Signature card (18k CL, 12.99% APR).
Hmm. The one I had was just straight Chase Freedom and it was actually a Mastercard, rather than Visa.
To the best of my knowledge, the Chase Freedom card comes in 4 different versions:

Chase Freedom Visa
Chase Freedom Visa Signature
Chase Freedom MasterCard
Chase Freedom World MasterCard

WOW, I didn't know that. When I applied for mine in 07, I vaguely only remember seeing the MC card offered.

Re: Chase

Anonymous — Mon, 24 Dec 2012 19:57:25 GMT

Do you know what types of limits are associated with the different types of freedom cards you listed?

Re: Chase

Anonymous — Mon, 24 Dec 2012 21:21:30 GMT

@Anonymous wrote:
Do you know what types of limits are associated with the different types of freedom cards you listed?

well the visa siggy and the WMC have a minimum qualifable CL of at least 5K. They won't let you get them or PC to them until you can qualify for at least 5K

Re: Chase

kevinjjc — Mon, 24 Dec 2012 22:11:07 GMT

Chase Freedom Visa is the default card issued. (Visa Signature if you qualify.)

If you want the MasterCard version, the app has to specify it's for a MC. (World MasterCard if you qualify.) http://www.mastercard.us/find-a-card.html

For example, if you app from the Chase website, you'd be app'ing for the Visa version. I believe this is true for all Chase credit cards, at least currently.

Re: Chase

Anonymous — Tue, 25 Dec 2012 00:57:47 GMT

Thanks all for the information. We'll see what I get or don't get...LOL!