Posts Tagged ‘complaints’

Chase Credit Card Complaints

Before and after the financial collapse the world just went through, there were Chase Credit Card complaints. Like with all of the major financial institutions, Chase is an easy company to complain about. Unlike their banking practices that leveled fees against customers for making mistakes, the credit card branch did what they wanted to.

This is why the list of complaints reached epidemic proportions and the US government is taking action to regulate the industry and set new requirements. One of the things that upset many card holders is the raising of interest rates on customers that have never missed a payment.

With the reintroduction of annual fees to help pay back the US government bailout money, the consumer is again being taken. In addition, late last year Chase raises the minimum payment from 2% to 5%. This might sound bad, but in reality is good for the consumer. By having to pay more off the balance each month, the balance is decreased at a faster rate. This means, in the long run you will pay less interest.

The biggest complaint is over the introduction of a monthly service fee. This is an extra $10 a month to cover the cost of Chase employees to do their job. This comes on the heels of the parent company of Chase, JP Morgan, announcing in January that their profits for 2009 were $11.7 billion. It was also announced by JP Morgan that the Chase Credit Card division lost $2.23 billion in 2009 and were not expected to make a profit in 2010.

Chase online banking is a good way to keep an eye on your account and the balance but your Chase Credit Card complaints should be filed with the FTC.

For additional resources about Chase Banking services on this website, please view Chase Bank Complaints.

For additional resources from another bank, please view Best Banks 2010 on one of our sister sites onlinebanksblog.com.

A valuable resource named CD Rates Florida  is available on another sister website called bestcdratestoday.com

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.

Chase Bank Complaints

Like with all large corporations there are Chase Bank complaints. Some of them are legitimist while others are just people that like to complain. This occurs in every type of business known to man.

The complaints that are most valid are the ones reported and acted on by the Consumer Reports and the Better Business Bureau. With the introduction of the internet, there is now a free forum that anyone can say anything about anyone else to harm to them. Because of this many people have decided to defame individuals and corporations without merit. This is a form of revenge that has gone unchecked.

The most common complaints are filed after the account holder did something like miss a payment or go over their credit limit. These complaints stem from Chase not understanding or giving them a break. Chase like all other financial institutions is in business to make money. A majority of their profits are from account holders that break the rules. This is common knowledge by anyone who deals with a bank.

When an account is opened there are rules that govern what will happen if one of them is broken. The simplest and most often paid fee is the maintenance fee for having your balance drop below the level set for that account to be free of fees. I the past the local banker could make the adjustment so the fee would not apply, but not anymore. The banks are too large and set up to collect these fees.

It is not that the people at Chase have no heart. Their hands are tied by their corporation and personal favors are now a thing of the past. The best way to not get hit with fees is to read the literature that accompanies the opening of an account.

If you do want to file with Chase Bank complaints, make sure you did not already break the rules and it is justifiable. To verify your rules and conditions by checking your account rules and please visit Chase online banking official website for more information.

For additional resources about Chase Banking services on this website, please view Chase Home Mortgage Refinancing.

For additional resources from another bank please view Compass Online Banking and M&T Online Banking on one of our sister sites onlinebanksblog.com.

A valuable resource named KeyBank CD Rates  is available on another sister website called bestcdratestoday.com

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.