Chase Credit Card New Default Terms

Guest: angelo21
Post subject: Chase Credit Card New Default Terms
Posted: Tue Jan 09, 2007 1:59 pm

I recieved an insert about 2 months ago from Chase stating a change in their default policy. Should you default by late payment, bounced check, etc. they can now jack your APR to 34%. OUCH!

I haven't seen anyone question or comment on this issue.

Am I the only one that got this? I don't think so.

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Guest: Evilbunny
Credit Expert (100+ Posts)
Posted: Tue Jan 09, 2007 3:12 pm

it can go up that high, but at this time, Chase caps it at 29.99%

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Guest: angelo21
Posted: Tue Jan 09, 2007 3:34 pm

Evilbunny wrote:
it can go up that high, but at this time, Chase caps it at 29.99%


It may be a market by market thing. I know I saw the 34% and was shocked. Unfortunately, I threw the paper away because it's not applicable to me so I don't have the exact number.

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Guest: angelo21
Posted: Tue Jan 09, 2007 3:52 pm

Sorry guys I was wrong. It's not 34%. It's 32.24%. I called someone who still has the insert.

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