Chase Cards going up! 24% for new purchases

Question
Did you get your notice in the mail from chase? I did and called to verify it wasn't just me and also verified with the operator that they are receiving many calls expressing displeasure. The new rate is 24.99% and this notice comes as what looks to be junk mail/flyer. This becomes effective 3/1/07 and she quoted all cards were increasing to improve profits. I asked 3 times to verify that it wasn't a me thing so, keep an eye out for a notice in the mail anyday now. Any current promo's will be honored as long as you don't miss a payment.
.......s!

Answer
Welcome to Flyertalk.
The interest rate would seem to be irrelevant if you pay the balance in full each and every month?

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The interest rate would seem to be irrelevant if you pay the balance in full each and every month?
And if you don't, you shouldn't be choosing a card for the rewards it gives.

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Don't have to get so deep, just a heads up!

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Don't have to get so deep, just a heads up!
yo dude that's da shiznit.

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This is another example of why you have to "get them" before they "get you".

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This is another example of why you have to "get them" before they "get you".
Agreed!

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24%? It's amazing that it's legal. It makes it so much easier to use them for rewards.

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Did you get your notice in the mail from chase? I did and called to verify it wasn't just me and also verified with the operator that they are receiving many calls expressing displeasure. The new rate is 24.99% and this notice comes as what looks to be junk mail/flyer. This becomes effective 3/1/07 and she quoted all cards were increasing to improve profits. I asked 3 times to verify that it wasn't a me thing so, keep an eye out for a notice in the mail anyday now. Any current promo's will be honored as long as you don't miss a payment.
.......s!
The GOLDEN rule is (when using reward cards), pay the whole amount at the end of the billing cycle. I am trying to be as friendly/gentle as possible here. It should not matter what the rate is, because paying the minimum will lead to disaster.
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