TVCH FORUMS HOME . JOIN . FAN CLUBS . DONATE . CONTACT . CHAT  
 Wikia  Quick Links   TOPICS . TREE-VIEW . SEARCH . HELP! . NEWS . PROFILE
Chase Credit Cards Change in Terms

The TVClubHouse: General Discussions ARCHIVES: 2006 Jun. ~ 2006 Dec.: Buyers Banter (ARCHIVES): Chase Credit Cards Change in Terms users admin

Author Message
Cdbga
Member

10-04-2004

Friday, December 01, 2006 - 6:59 pm   Edit Post Move Post Delete Post View Post Send Cdbga a private message Print Post    
I have three Chase Credit Cards. In this months statements, I got notices on two of them that they were eliminating the Grace period and finance charges would start to accrue on the transaction date or a date of their choosing. I pay my balances in full every month, so the grace period is important to me. I'm REALLY angry with Chase right now and once my current balance is paid off I will no longer be using those cards. The two that changed were the Chase Rewards Visa & MasterCard. Just wondered if anyone else who has Chase cards got notice of the same policy change.

(Or, you know, if you got notice of the same policy change and it turns out that I'm misinterpreting something, you could let me know that too! I don't mind looking like a fool!)

Nancypj
Member

08-17-2001

Thursday, December 14, 2006 - 9:29 am   Edit Post Move Post Delete Post View Post Send Nancypj a private message Print Post    
If you received that notice, you should also have the option to inform them by a certain date that you reject the changes and you will be closing your account once the balance is paid off (if you pay your balance in full each month it won't be long). Oftentimes they will allow you to keep your old terms and keep your account open too (if not, you should have no problem opening an account with someone else). It may well be that they changed your term because they are not making anything off your accounts since you pay off each month. Banks hate that.

Colordeagua
Member

10-25-2003

Tuesday, December 26, 2006 - 11:40 am   Edit Post Move Post Delete Post View Post Send Colordeagua a private message Print Post    
Cdbga, I have a Chase Visa card too. And, like you, I pay the full balance every month. (Banks refer to us as "deadbeats".) Because of that, I don't pay much attention to the fine print. I don't understand what you're saying. What is the "grace period"? I just figure if they get the check by the due date (I don't time it so it's close), everything is OK.

I think Frontline on PBS is rerunning their program on credit cards in the near future. I saw it first time 'round. Very interesting.