Read this if you have a Chase credit card!!!!

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  • Snake Doctor
    I'm Lenny2 Bitch
    • Mar 2001
    • 13449

    #1

    Read this if you have a Chase credit card!!!!

    This is a new low for a credit card company.

    I got a tiny piece of paper in the mail today. It was a change in terms notice from Chase, however "Chase" didn't appear anywhere outside the envelope...it looked like junk mail.

    I open it up, and in tiny legalese print, which I had to read 3 times to fully understand, it says that basically there is no more grace period for purchases.

    When you make a purchase you are charged interest from the day you make the charge until the day you pay it off.
    No more paying it off at the end of the month to avoid finance charges.

    These sneaky mofos just lost a customer and if you have a Chase card I strongly suggest you consider another bank for your credit card needs.
    sig too big
  • daisyswank
    Confirmed User
    • Dec 2006
    • 102

    #2
    thanks, i will cut mine right now
    Daisy
    The Swank Girl
    ICQ: 320783023

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    • Furious_Male
      Doing the grind since 99
      • Oct 2003
      • 16884

      #3
      I haven't received that yet but I will keep an eye out for it thanls.
      Living in Virtual Reality
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      • needlive
        Confirmed User
        • Nov 2006
        • 2191

        #4
        Always with small letters...

        http://www.needlive.com Adult XXX Cams

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        • tony299
          lurker
          • Aug 2002
          • 57021

          #5
          thanks for the heads up

          Comment

          • TCAP
            Confirmed User
            • Dec 2006
            • 222

            #6
            Wow thats fucked up

            Comment

            • Penthouse Tony
              Confirmed User
              • Apr 2004
              • 5835

              #7
              Something is missing here.
              aamos AT FFN dot com
              Penthouse.com Business Development
              ICQ: 49090846 | Yahoo IM: ff_aamos

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              • uno
                RIP Dodger. BEST.CAT.EVER
                • Dec 2002
                • 18450

                #8
                Damn, I talked to them an entire half hour tonight and hadn't heard anything about it.
                -uno
                icq: 111-914
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                • cybermedia
                  Registered User
                  • Feb 2006
                  • 13

                  #9
                  Bullshit... dont listen to this bozo! You still have the 25 day grace period as before however (when you DONT pay the balance in full) they charge you interest from the TRANSACTION date not the POST date anymore. Meaning you will pay an extra day or two in interest on your purchase.
                  Call them yourself and you will see.

                  Comment

                  • TG Rebecca
                    Confirmed User
                    • Aug 2006
                    • 2450

                    #10
                    i'm pretty sure they haven't removed the grace period, i think they made a change to a few of the sentences but you need to read them in the context of the entire terms(old terms with new sentence)

                    if that makes sense. basically, pay off your card at the end of the month and you are good

                    ICQ: 263-993 | AIM: TG Rep Rebecca
                    Email: [email protected]

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                    • Phil
                      Confirmed User
                      • Jan 2004
                      • 7659

                      #11
                      that can't be right. I have one chase card.
                      Ask Phil

                      Comment

                      • Snake Doctor
                        I'm Lenny2 Bitch
                        • Mar 2001
                        • 13449

                        #12
                        Originally posted by cybermedia
                        Bullshit... dont listen to this bozo! You still have the 25 day grace period as before however (when you DONT pay the balance in full) they charge you interest from the TRANSACTION date not the POST date anymore. Meaning you will pay an extra day or two in interest on your purchase.
                        Call them yourself and you will see.
                        Ok Mr Two Posts.

                        QUOTE
                        "GRACE PERIOD. The Grace Period or Grace Period and Accrual of Finance Charges section of your agreement is amended.....We accrue periodic finance charges on a transaction, fee, or finance charge from the date it is added to your daily balance until payment in full is received on your account"
                        sig too big

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                        • TG Rebecca
                          Confirmed User
                          • Aug 2006
                          • 2450

                          #13
                          Originally posted by Lenny2
                          Ok Mr Two Posts.

                          QUOTE
                          "GRACE PERIOD. The Grace Period or Grace Period and Accrual of Finance Charges section of your agreement is amended.....We accrue periodic finance charges on a transaction, fee, or finance charge from the date it is added to your daily balance until payment in full is received on your account"
                          i think that is the amended terms you received, which is meant to be read in the context of the existing terms where it was changed. i think that is where it would explain your grace period when you pay off your card at the end of the month. i think they just changed how they calculate finance charges, so that would change nothing if you pay your bill off. even if you don't i think it only changes it by a few days.

                          ICQ: 263-993 | AIM: TG Rep Rebecca
                          Email: [email protected]

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                          • TG Rebecca
                            Confirmed User
                            • Aug 2006
                            • 2450

                            #14
                            i think i said "i think" like 20 times in that post. i'm tired

                            ICQ: 263-993 | AIM: TG Rep Rebecca
                            Email: [email protected]

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                            • cybermedia
                              Registered User
                              • Feb 2006
                              • 13

                              #15
                              post count does not make a poster... remember that.
                              i think the key words in that sentence is (until payment in full is received on your account)
                              makes sence now?
                              Last edited by cybermedia; 01-09-2007, 06:41 PM.

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                              • Perfect Jon
                                Registered User
                                • Jan 2007
                                • 71

                                #16
                                Thanks. Is that legal?
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                                • JakeR
                                  Confirmed User
                                  • May 2001
                                  • 1760

                                  #17
                                  re-read it, and then get out a business dictionary.
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                                  • ungratefulninja
                                    Confirmed User
                                    • Apr 2006
                                    • 682

                                    #18
                                    I used to work for a company that Chase purchased. Credit card companies do some evil, awful shit to people.

                                    One guy had $40,000 balance. He always paid Chase on time. Never missed paying it on time. He had some kind of issue with a total different card company, so Chase decided to take his interest rate from 10% to 27%. On $40,000. That was just a big from Chase to the customer.

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                                    • MandyBlake
                                      The one and only!
                                      • Nov 2002
                                      • 17761

                                      #19
                                      that's pretty fucked up.
                                      thanks for the heads up!
                                      Mandy's Playhouse
                                      Her First Fat Girl
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                                      • MattO
                                        The O is for Oohhh
                                        • Feb 2003
                                        • 10861

                                        #20
                                        I'm waiting for some cash money from refinancing my house and the first thing I'm doing is paying off all my crap credit cards, Chase first.

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                                        • woj
                                          <&(©¿©)&>
                                          • Jul 2002
                                          • 47882

                                          #21
                                          First time I ever heard of something like that, you must have read something wrong....
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                                          • DaddyHalbucks
                                            A freakin' legend!
                                            • Feb 2004
                                            • 18975

                                            #22
                                            A bank with sneaky fees?

                                            NO!!
                                            Boner Money

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                                            • _Rush_
                                              Confirmed User
                                              • Dec 2006
                                              • 742

                                              #23
                                              I'm with them too. Just started sending emails to find out what's going on.
                                              No sig.

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                                              • Sosa
                                                In Tushy Land
                                                • Oct 2002
                                                • 40149

                                                #24
                                                damn if thats true, that is fucking bs.
                                                Good thing I'm not with them

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                                                • EscortBiz
                                                  Fuck Checks, CASH only!
                                                  • May 2002
                                                  • 19422

                                                  #25
                                                  I can see how people can get confused

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                                                  • GAMEFINEST
                                                    Make STACK$
                                                    • Nov 2006
                                                    • 14478

                                                    #26
                                                    reminds me to cut that piece of shiet right now
                                                    Compound interest.

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