No. of Recommendations: 0
I second the reply from mh1278.

I have paid all my debts on time, have only 1 card with a balance, overall low debt/credit ratio, have no balance on Chase, with FICO >720, and yet Chase recently increased my rate to 20.99%. When I called to get it lowered (my next HIGHEST card is 8.9% fixed), they only offered 16% variable. Like the OP, I also had previously used Chase for BT after being offered similar terms.

Luckily, I also have a Bank One card with 8.9% fixed. I had them close the Chase account, and transferred all rewards points to that card.

My suggestion would be to pay the card off, be motivated by the increased rate, and leave Chase until they wise up in the future.
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement