I'm Feeling GREAT Today!!!!!
 

I was 12 HOURS late on a CC payment and Chase jacked my interest from 9% to 29%. I fought customer service yesterday and was in tears because they wouldn't reverse the APR hike. I have a huge outstanding balance on the account. I had a horrible day yesterday :(

Well, this morning I checkd my checking acct balance and found out that my student loan/grant/scholarship cleared! I just paid that credit card in full and cut it up! I am no longer ever using Chase Bank for a credit card again! They are so rude and unforgiving.

good for you, enjoy your day!

Good for you Kristy!! Credit cards can be a horrible item at times. I'm proud of you for cutting it up and moving on.

I'm guessing that most credit cards companies are NOT forgiving. They are in business to make money and anytime they are able to jack up that interest they surely will.

Our rule on credit cards is whatever is charged that month must be paid in full when the bill comes. I understand that this doesn't work for everybody but it sure does in our household.

"What's In Your Wallet"?? LOL :D ( I watch tv way tooo much )

Yay!!! Good for you! I bet they are kicking themselves now because you won't be charging anymore w/ them! :)

Oh, I had the same thing with Bank of America awhile ago,, I always pay more than my min. payment... well I didn't notice they raised my min. payment considerably,, So I send in a check for 100.00 not thinking,, Then I notice B.O.A. is on my caller Id everyday,, so one night I answer and this guy Starts going off about my payment is late.. and I say I sent that, AND it's been cashed (I check, checking acct all the time online) and he's saying Oh NO... Blah Blah.. and can I guarantee I'm gonna send the money Today, and can do it online,, SO finally I figure out my min. payment was 115. NOT the 100. sent.. SO~ Im livid on this guy,, Screaming about call some dead beat that doesn't pay ANY of his bill,, I'm telling him my credit score, and to look at my acct it's NEVER been late,, and always paid well over min. payment.. SO then I settle ,,and he starts again on WHEN is he gonna get this Fricking 15 dollars,, I said "OH YOU'll Get it tomorrow, and I'll be closing out my account tomorrow also" He says " Oh I'm sure", and snickers... :eek: :mad:

SO I did send him his Damn 15 dollars,, and my balance was switched to my Discover card by 9am the next day...
Give me a break.. snicker at me.. I know the snot nose kid on the other line could care less,and probably doesn't even know I closed my acct.. But Oh ,it was the principle by then! :thumbup:

Kristy I am no expert on this but you also need to send them a letter telling them you want the account closed. Just because you have paid it in full and no longer are using the card it is still an active account. If you go to buy a home it will still show active if you don't close or if you do close it will state closed by customer. It will still be used as a portion of your debit to income when they are figuring if you can buy a home.

This is where it gets confusing as some financial experts say you do need to run with some credit on the books but your account with Chase will always be with one of the big 3 who collects this data and will still show up 30 years later.

Maybe someone with more experience than me can better define this.

Good for you!!! Credit Card companies don't give a crap about why or when or anything, and it sucks cause it's not like you didn't pay the bill that same day! Geez, hopefully you can find another credit card that has better customer service!
Same for you Rhonda, that customer service guy that you talked to was terrible! How could he be so rude? Good for you too for closing out your account.

You can close your account over the phone too, just make sure & tell them you want a letter sent to your house saying the account is paid in full & closed. :)

holy crap! You already got your student loan money....didnt you just start back? My school must just suck because I got to reach the 60% certification of the class before i get anything. Im looking at maybe the end of feb or early march which really sucks!!!! :( :( :(

You do have to close it out in writting. I remember hearing (was it on here or one of my local friends?) about someones mother passing away, and months later the credit card company sent a bill for the annual fee and then turned it over to collection when it wasn't paid. It was a big hassle with the credit card company because they wanted the dead person to send them a letter. :rolleyes:

Kristy, that sux! Good for you tho that you got it taken care of! Our house has the cc rule that Schatzie's does...anything charged gets paid when the bill comes.

SO glad to hear that today is looking up from yesterday! 12 hours! Sheesh! That really sucks. I'll stay clear of Chase too in that case. Credit cards are so handy but they can be so evil! :thumbdown

Good Move, Kristy and Rhonda
 

I don't know if I would chance doing it by phone. I would write a letter, requesting confirmation that this was done. Also make a copy or print
the letter and send the original letter via the us postal service with a signature
conf. so you can see it was received and who signed for it.keep receipt with tracking # in case you need to verify the date that was done. I've been
doing this with my prescription drug coverage with medicare. Had to cancel
one and had to tell the other to cancel what I did not even apply for..

One thing I might add, you don't necessarily have to be late with THEIR
cc bill, if you are late with any bill, say phone, rent etc they can raise
your interest rate.

Yes, I have heard that too but if they have raised your interest this high and they
see you were late, they will watch you like a hawk because you have all this credit
available to you. I really don't know, maybe your bank can give you some advise
before you would do it.