HAS ANYBODY ELSE EXPERIENCED NEW CHASE TACTIC ???
Ha.. .. while trying to reduce her credit card debt my wife recently paid off one of her credit card balances with Chase in the amount of $ 1800.
Today she recieved a letter informing her that the account has been closed by the card holder based on the following reasons:
* Balance owed on revolving accts too high
* Balance too high compared to credit limit
* Number of accounts currently in use
As she has not opened any new accounts for a few years, she has not increased her balances on her remaining cards (!)
She called Chase and questioned them as to 'what's going on'.... The answer given was that she was 'late or overdrawn' on 'another account'. When she told them that the statement was untrue, she just heard the same.......
We had planned to use that very paid off card for incidentials from hereon foreward, and pay the balance off each month .......
My own experience with Chase has been that they raised my interest rate 150% on 2 accounts upon faithfully having made payments (which forced me into default, & stop making payments altogether...), but ......TO CLOSE AN ACCOUT AFTER PAYING IT OFF, makes no sense to me........
Ha.. .. while trying to reduce her credit card debt my wife recently paid off one of her credit card balances with Chase in the amount of $ 1800.
Today she recieved a letter informing her that the account has been closed by the card holder based on the following reasons:
* Balance owed on revolving accts too high
* Balance too high compared to credit limit
* Number of accounts currently in use
As she has not opened any new accounts for a few years, she has not increased her balances on her remaining cards (!)
She called Chase and questioned them as to 'what's going on'.... The answer given was that she was 'late or overdrawn' on 'another account'. When she told them that the statement was untrue, she just heard the same.......
We had planned to use that very paid off card for incidentials from hereon foreward, and pay the balance off each month .......
My own experience with Chase has been that they raised my interest rate 150% on 2 accounts upon faithfully having made payments (which forced me into default, & stop making payments altogether...), but ......TO CLOSE AN ACCOUT AFTER PAYING IT OFF, makes no sense to me........
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