[X]
Write ReviewJump to 
10
Helpful
Votes
Votes
Chase Manhattan Bank Complaint - Get your lies straight - Credit card
Credit card - Complaint
Why do banks insist on lying when they slash your credit limit or close your card?
My husband has a Chase Amazon Visa. We paid it off about two months ago. I knew they would cut the credit limit since we were no longer using it except for small purchases to earn points. We would pay it right off before the due date.
I signed in one day to pay the bill and noticed that the credit line had been cut nearly in half. No letter, nothing, but whatever. That's their prerogative. Then, about 10 days later, the letter comes informing him that they reduced the credit line because he has too many revolving accounts with high balances. That's pretty funny considering he has three credit cards, all with 0 balances, and he has for awhile.
Really...if you just want to get rid of us because we aren't making you money, just say so. We're adults-we can take it. Just don't lie about it.
My husband has a Chase Amazon Visa. We paid it off about two months ago. I knew they would cut the credit limit since we were no longer using it except for small purchases to earn points. We would pay it right off before the due date.
I signed in one day to pay the bill and noticed that the credit line had been cut nearly in half. No letter, nothing, but whatever. That's their prerogative. Then, about 10 days later, the letter comes informing him that they reduced the credit line because he has too many revolving accounts with high balances. That's pretty funny considering he has three credit cards, all with 0 balances, and he has for awhile.
Really...if you just want to get rid of us because we aren't making you money, just say so. We're adults-we can take it. Just don't lie about it.
Comments:
Posted by tnchuck100 on 2010-08-12:
Forgive them. Banks cannot help it. They MUST lie. To do otherwise is totally out of character. Their legal staffs advise them to divulge as little factual information as possible. "Notifications" of any sort are designed to be as generic and ambiguous as possible. You know, one size fits all.
Posted by CoonCatOne on 2010-08-12:
Chase is the expert at double speak. There are better companies to do business with.
Posted by DebtorBasher on 2010-08-12:
Whenever you see the name 'Chase' on ANYTHING....Run! Run! Run away as fast as you can and never look back. If you HAVE anything with the name 'Chase'...get rid of it as soon as you can.
Yes, they lie and they have their reps on the front line. That is why I quit working for them. They had us making promises to the Hurricane Victims that they would not keep and it was us, the reps that had to face them when they found out they were lied to. I would never work for them again because of that and I would never have any credit, mortgage or banks connected with them.
Try to find a bank that lies a little less. Yes, the lesser of the evils.
Yes, they lie and they have their reps on the front line. That is why I quit working for them. They had us making promises to the Hurricane Victims that they would not keep and it was us, the reps that had to face them when they found out they were lied to. I would never work for them again because of that and I would never have any credit, mortgage or banks connected with them.
Try to find a bank that lies a little less. Yes, the lesser of the evils.
Posted by grandma005 on 2010-08-12:
Which Bank is less evil?
Posted by Venice09 on 2010-08-12:
Skelly, I have the same card and use it the same way and for the same reason (points). I've had it for quite a while and have been very pleased, but lately I've been wondering if this will happen to me too. I have to start paying better attention. Thanks for the reminder.
Posted by ok4now on 2010-08-23:
I am no fan of Chase. They are deceitful, gouge the good paying customer and look for excuses to raise your APR and lower your credit limit. Their collection dept went after my deceased mother's account ($600 owed) like a pack of rabid Pitt Bulls. Having said that I play the C.C. game to my advantage with them. Been with them for several years and have their freedom card with a $20K limit. I make a small purchase every few months to keep it active. This helps to keep my FICO score high. For major purchases I use two other cards with good reward points or 5% cash back.
Posted by Alain on 2010-08-23:
Chase has an 89% negative rating on this site and they work hard to maintain it.
Posted by JerryCee on 2010-10-12:
I had the same experience with my 2 Chase Visa cards. Didn't matter that I had perfect credit history, long-time customer with Chase checking account, investment brokerage account, and home mortgage. I have moved my investment account to T. Rowe Price and accelerated paying off my mortgage. I will be Chase free in 12 months or less.
Chase-sucks.org is one of my favorite web sites.
Chase-sucks.org is one of my favorite web sites.
Posted by CoonCatOne on 2010-11-23:
Very helpful, Jerry.
Note: All comments are reviewed by a moderator before being published. Please be sure to read our guidelines before commenting.
Company Reps: Post your company response!
Recently Discussed:
More Reviews on Chase Manhattan Bank:
- Let Payday That Are Not Licensed in AZ to Steal From My Account & an Auction Company to Do the Same - Payday Predators in AZ & Class Act Auctioneers Steal Money
- Compliment of Chase Employee
- Cheating Me Of $10,000 Dollars - Mortgage Banking
- Chase Automatic Draft and Turns You Into the Credit Bureau for Their Mistake - Auto Loan
- Auto Loan Payoff