Chas-ing the past and changing the terms

I hate banks.  I have an old Chase credit card that I have had since my college days that I just keep for emergencies.  I never use it.  It never had a fee.  Well Chase’s algorithms have figured it out and want to at least get a few administrative dollars out of me.  I get it, everyone, including credit unions may need to re-price for risk and ongoing conditions.  So, after receiving the notice below I thought it may be good to repost some of our blogs on change in terms notices.  No, that is not a typo.  Up to 29.99% penalty APR.  I think the old one was 23.99%.  That range is pretty much the norm for banks.

 

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