Chase Credit Card Minimum Monthly Payment Doubled

Guest: ajulius
Post subject: Chase Credit Card Minimum Monthly Payment Doubled
Posted: Wed Oct 04, 2006 5:30 pm

I had a 0% balance transfer with Chase. They doubled the minimum payment requirement out of the blue. Interest rate is the same. No changes in credit score. I did 2 things: Changed my billing due date and took another 0% offering for 6 months from chase on another card but I only took half the line.

This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.

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Guest: hdporter
Credit Expert (100+ Posts)
Posted: Wed Oct 04, 2006 5:55 pm

So, did your min pmt go from 1% of the bal to 2%?

- H.

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Guest: Evilbunny
Posted: Wed Oct 04, 2006 6:00 pm

its usually 2% of the balance or $10 minimum, OR 1% + fees and Finance Charges.. whichever is greater.

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