Consumer Reports Magazine Article Regarding Chase Credit Cards
Guest: AJ
Post subject: Consumer Reports Magazine Article Regarding Chase Credit Cards
Posted: Tue Aug 08, 2006 5:04 pm
Did anyone read the article in the July or August issue of consumer reports? They are telling people to beware of accepting preapproval mailings from chase unless you read the fine print. They are offering fixed rates until next year, but they are not guaranteed , nor is your preapproval , especiallly if chase feels that you have too many balances or too many accounts. Your rate could go from a 8.9 fixed to a 31.5 variable just like that. So people, please read the fine print
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Guest: hesiden
Credit Expert (100+ Posts)
Posted: Tue Aug 08, 2006 5:15 pm
There is no such thing as a "fixed" credit card rate. They say Fixed, but in reality they can change it at anytime. You can refuse the change, but then they'll close the account. Might be worth it if they jack the rate up to 30% from 9%.
Pre-approval has always been just that "pre". As in you are approved to apply.
Now if they break a 0% for 12 months deal and you didn't miss any payments, that'd be news.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: fire3000
Credit Expert (100+ Posts)
Posted: Tue Aug 08, 2006 6:45 pm
I have four Chase cards and all are utilized at over 85% with short term fixed low rate cash advances. I am also carry high balances on seven other credit cards (my card debt exceeds $120,000). I have never missed a payment since my first card back in 1978. Chase nor any of my other creditors has ever ratejacked me.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Tue Aug 08, 2006 9:11 pm
dont carry a purchase balance and doesnt matter...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Consumer Reports Magazine Article Regarding Chase Credit Cards
Posted: Tue Aug 08, 2006 5:04 pm
Did anyone read the article in the July or August issue of consumer reports? They are telling people to beware of accepting preapproval mailings from chase unless you read the fine print. They are offering fixed rates until next year, but they are not guaranteed , nor is your preapproval , especiallly if chase feels that you have too many balances or too many accounts. Your rate could go from a 8.9 fixed to a 31.5 variable just like that. So people, please read the fine print
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: hesiden
Credit Expert (100+ Posts)
Posted: Tue Aug 08, 2006 5:15 pm
There is no such thing as a "fixed" credit card rate. They say Fixed, but in reality they can change it at anytime. You can refuse the change, but then they'll close the account. Might be worth it if they jack the rate up to 30% from 9%.
Pre-approval has always been just that "pre". As in you are approved to apply.
Now if they break a 0% for 12 months deal and you didn't miss any payments, that'd be news.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: fire3000
Credit Expert (100+ Posts)
Posted: Tue Aug 08, 2006 6:45 pm
I have four Chase cards and all are utilized at over 85% with short term fixed low rate cash advances. I am also carry high balances on seven other credit cards (my card debt exceeds $120,000). I have never missed a payment since my first card back in 1978. Chase nor any of my other creditors has ever ratejacked me.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Tue Aug 08, 2006 9:11 pm
dont carry a purchase balance and doesnt matter...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 8:54 PM
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