Has anyone else..Chase and 5% vs 2%

NikoSan999 · 10-29-2009, 04:38 PM

I thought Chase was raising EVERYONE'S minimum from 2% to 5% a couple months ago. Mine is still at the 2%. I'm holding my breath here on this end and dread opening the statements (2) every month but is there anyone else out there that is still at the 2%?

I know the 5% is paying off sooner but I can barely make the minimums now. The idea of paying off sooner dosen't do any good if you can't pay at all.

So is anyone else still at 2%?

itlw8 · 10-29-2009, 05:45 PM

they did not raise my minimum either but they did raise the interest rate and made it variable which is the worst part . I thought about transferring but everything I have has a transfer fee and that seems to have gone higher.

gonna keep on paying and maybe look at a credit union.

coup · 10-30-2009, 10:02 AM

Unfortunately, I have more than one Chase Credit card! The minimum payment went up on my card that had a low fixed interest rate due to the use of a credit card check. My other "variable rate" cards still have the same minimum due. HTH!

frugalfranny · 10-31-2009, 01:01 AM

I am just here hoping they don't raise your rate niko.......good luck......keep hoping.

knotme · 10-31-2009, 07:26 AM

They raised mine to %5, but we are paying almost double the minimum amount on the card anyway. It is at a low fixed rate until it is paid in full. It is our last CC to pay off....... ( we had 5 we were paying on at the beginning of this year) That snowball really works.........

tervsforme · 10-31-2009, 08:01 PM

They raised my minimum payment to 5%. I had read somewhere that they did this to the cards that people used the balance transfers on, which I did. They didn't raise my rate, thank goodness.