We just received our statement from Chase Bank as well as a Notice of Change in Terms. Those &%#&%&XXX have increased out interest rate from 8.99% to 15.24% effective July 2009.
We pay off the balance EVERY MONTH!!!! Sometimes the balance is over $300; once it was over $700 and we paid it off. Some months we've paid the account twice because we knew that later on we'd charge enough to bring us close to our account limit which is $2,000.
So I guess those morons at Chase decided they weren't making any money on us so they'd rather discourage our business or see us decide to close the account. Never mind that we are now approaching the time when we will NOT be paying off our balance every month due to our move, etc.
I'm livid. Steam is coming out of my ears and fire out of my mouth.
This is just another good reason to STOP using all credit and operate entirely on a cash basis. Screw them!