Money Tips: Why was APR raised on my Chase credit card?

Posted On: June 30, 2006

Guest: jm
Post subject: Why was APR raised on my Chase credit card?
Posted: Fri Jun 30, 2006 12:40 am

Has anyone been rate-jacked for utilizing less than 50% on a chase card? I did a BT to Chase two months ago, got up to about 45%, and then got silly and made purchases on the card, which brought up the utilization to just under 50%. Is there any danger?

Guest: davej
Posted: Fri Jun 30, 2006 2:59 am

Quote:
Has anyone been rate-jacked for utilizing less than 50% on a chase card?

I guess you meant ‘more than’… Anyway, as long as you stay under 50% you should not worry about ratejacking, even though your FICO score will be dinged a bit.

Guest: Board Monitor
Board Monitor/ Administrator
Posted: Fri Jun 30, 2006 9:51 am

Why would you be rate jacked by Chase for carrying over 50% on THEIR card? Am I missing something here?
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews

Sign up for our free monthly e-mail newsletter!

Guest: Evilbunny
Posted: Fri Jun 30, 2006 1:13 pm

You wouldnt. but if you are utilizing that much on other credit cards as well, then you may have your apr increased