ask the consumerists

Every Time I Use My Chase Card, They Try To Raise My Rates

Every Time I Use My Chase Card, They Try To Raise My Rates

About two years ago when I moved away from home I got a credit card with X limit from Chase whom I bank with. The first year I used the card for some things, made payments on it regularly and all was good until last November, they sent me a letter saying they were going to raise my interest rates. Taking some advice from consumerist.com I called and asked them to lower my rates and they did (afterward I e-mailed consumerist to say you guy’s rock). In February of this year I got a notice from Chase saying they were raising my limit by 50% and in March I paid my balance way down. Just a few weeks ago I used the card again for tires for my wife’s car and immediately after I got a notice saying they were going to double my interest rates again. Naturally I called, answered a question or two and they agreed not to change my rates and send me a letter saying this just like before.