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January 21st, 2009

credit rate hike

So I got a mail from Chase.. one of those pamplet looking mails, that I almost threw away but decide to open. They were raising my interest rates.. from 6.25 to 10.99%. Not because I was delinquent but because of economic reasons. And the only way to opt out of the raised interest was if I mailed them a letter by a certain date. So I did, but they will also end up closing the account.

There's a bill that will prevent this (raising rates for customers in good standing) that hopefully will pass congress.

Grr. Makes me mad. Stupid credit cards. Stupid economy. Get better already!

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