Closed Chase

iVillage Member
Registered: 07-11-2001
Closed Chase
12
Tue, 07-05-2005 - 12:15pm

I am so happy. I closed my Chase CC today. Yippee - hooray!!!!! I called just to check that my payment had been received and I was at a zero balance. I told the girl I wanted to close my card since my interest rate had gone to 21.99% (I have a 750 credit score!). The girl informed me that there was no opportunity to lower the interest on the card at this time. I told her I wouldn't even charge $5 on the card with the interest rate they had given me. It had jumped 10% from the interest rate I previously had. I thought whether this was the wisest thing to do, close part of my credit history. I heard it is best to keep them open, but I don't want to even have the temptation to use that card and I also wanted to in some way tell Chase to s***w themselves. I have another card at a lower interest that doesn't change the interest rate overnight to some ridiculous amount. So I may have affected my credit score somewhat, but at the moment I don't need the score. My car is paid off, I have just completed my refinace on my condo and my other CC is at a zero balance. What do I actually need that history for right at this time or even in 6 months? By the time I need anyone to look at my credit again, I probably will have sufficient history to have a good credit score. At the moment I am just paying for it with cash. I don't want any of these 'nothing to pay till 2008'. I don't want anyone near my credit history.

I just enjoyed telling the girl how happy I am to be rid of them. She sounded a little deflated and that made me feel even better. She told me not to use the checks they send through, and I told her I shred those the minute they come to my house and have never used one. Hip hip horray the Wicked Chase is dead!

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iVillage Member
Registered: 05-30-2003
In reply to: at_the_beach
Wed, 07-06-2005 - 10:43pm

Good for you! Now when they start sending you all sorts of 'special' offers, you can laugh all the way to the shredder, LOL!

It's always nice to hear about another credit card company losing business...

Congratulations!

Lisa

iVillage Member
Registered: 07-07-2005
In reply to: at_the_beach
Thu, 07-07-2005 - 12:48am
I closed a few cards--paid them off a few months ago. I CONTINUED to get funkty interest bills. Random charges for this and that. If you call and inquire on these charges--even if it is interest, and even if you close the acct, they will waive the fee. I called the first one and they said they'd split the $200 balance, and the last 2 waived it. So I saved about $400!!! Just because I called. They charged interest daily--even though my cards were paid off. I was sooooo PO'd!! So, I QUICKLY put that $$ in my savings and was VERY happy to do that instead of paying them more freakin' $$$!!!!! So, if they charge you--CALL. Also, Chase upped my interest to 29% after I NEVER have EVER paid any bills late or missed a payment. My debt to income ratio was high--so they upped it. HOW CAN YOU EVER PAY A CREDIT CARD OFF WHEN TTHEY ARE CHARGING THAT MUCH FOR INTEREST!!! I could understand if I had a risky past, but I was ALWAYS consistantly on time. GRRRR!!! I loved closing Chase and Bank One!!!!!

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