If anyone has a Chase credit card please beware... Chase is raising monthly minimum payments from 2% to 5% effective August 1st.
Like the average American I owe 10K on a Chase credit card, so my minimum monthly payments just jumped from 200 dollars to 500 dollars per month. They roped me in with a low 3.99% offer. I usually paid a 3% minimum monthly payment anyway, but forcing you to pay an extra 300 bucks a month is a backbreaker.
Chase is asking for too much, too soon from the American consumer.
So I have done the balance transfer offer, will be closing accounts and changing my banks very soon. Then transfer my mortgage to anyone other than Chase. Chase has lost a customer and I suggest to everyone, do not deal with Chase.
This is how Chase pays back the American people after we bailed them out with TARP money!