"Chase recently received $25 billion in federal funding. What effect will that have on the business side and will it change our strategic lending policy?"
Chase is now raising interest rate on its credit cards.... out of the blue, I have a perfect credit history, but now I am expected to pay an additional 7% interest or APR. This after getting all that taxpayer money.
AAA members who have Chase cards (it's the official AAA Visa partner) will suddenly find that the advantage of using your Chase card to save money has disappeared.
Needless to say, I'm doing a balance transfer to my Citi card which so far has remained stable.
Chase apparently thinks we are all sheep.
About Bailout Bandits
Read the Article at HuffingtonPost
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