In a astounding show of incompetence Chase closes all of my credit cards due to new hard inquiries on my credit report and the addition of another credit card account at American Express. The additional American Express account also now classified me as “having too many accounts and available credit”.
What’s truly annoying is Chase closed all my accounts without warning. I even had a credit balance on one of my cards. I know that Chase is trying to reduce consumer lending risk but if they can seriously profile me as one than something is wrong with their evaluation methods.
I’ve never paid late, had a payment bounce and pay my cards in full each and every month. Although I’m not an extremely profitable customer that pays interest out the ass I am definitely an extremely low risk customer.
What makes the experience worse is the conversation with the “account managers” at Chase who I truly hope are low level employees. They would make statements like “well, your credit history is kinda short”. Well, that makes sense since I’m 22 years old and I’ve only been legally able to obtain credit 4 years ago! Yes I’m young but it’s experiences like that make individuals bitter enough to never do business with Chase again.
I will update if there is any more news.
They did the same to me and I am in my 40′s with a very high credit score. I notice that they also stole all of my rewards dollars and then reopened the account with a lower limit and no rewards dollars. I think they are attempting to reduce their liabilities by stealing rewards dollars from their customers. I have already contacted the FTC and my Senator.
Why would you want to be with JP Morgan / Chase anyways? Stop supporting this seriously evil corporation.Look up the history of its founders before using their services and you’ll be apalled.The most evil human being in history = JP Morgan.
Stop using chase and stop using credit cards.
[...] to easily keep up to date with new posts. Thanks for visiting!In an earlier post I talked about how JP Morgan Chase closed all my credit cards without warning. I’ve given up after several attempts at talking to various people in lending [...]
[...] this blog. You'll be able to easily keep up to date with new posts. Thanks for visiting!After Chase closed all my credit card accounts in April I decided I would close out whatever was left of my banking relationship with them. I only [...]