Vision Credit Education, Inc.

Chase has discontinued the $10 monthly service fee charged to some accounts with balance transfer balances. Chase spokesman Joseph Evangelisti revealed that Chase “decided to discontinue this practice because of customer feedback.” New York Attorney General Mario Cuomo had more to say, suggesting that Chase was strongly encouraged by his office to reverse course on the unpopular fees. Read the rest of this entry »

Chase has announced that they will be converting Washington Mutual (WAMU) credit cards over to Chase credit cards in March 2009. If you have a WAMU account, you can expect to receive a new Chase card to replace your existing card account. If your WAMU account has a special balance transfer rate, you could see some big changes! Read the rest of this entry »

A class action lawsuit was filed by Giskan Solotaroff Anderson & Stewart of New York on behalf of cardholders that incurred a monthly service fee and/or interest rate hike by Chase. The suit cites alleged violations of the Truth in Lending Act in regards to changes made to cardholders that had taken advantage of low interest (2.99-4.99%) rates for the life of the loan. Read the rest of this entry »

Many credit card issuers have begun raising interest rates on cardholders that have never been late. In fact, many cardholders claim to have good credit, yet still are facing what they deem unwarranted increases in their interest rates. There is a relatively unknown reason for this high-risk classification however. Read the rest of this entry »

With cardholders worried about increases in interest rates, some have found that higher minimum payments have been a greater problem. Many are questioning the changes and venting their frustrations. However, don’t expect the Fed to want to lower minimum payments. Read the rest of this entry »