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More Fun and Games with the Chase Credit Card

January 18th, 2007 at 06:32 pm

I called Chase, and very politely asked about my APR, stating that I had gotten an offer for a new card with a much lower APR (which was true) and asked if there was any way they could lower my APR or match the offer. Otherwise, I would be transferring my balance to a new card and canceling the Chase.

Without changing inflection, looking up my payment history or anything, the guy said, in a very bored tone, "No, there is nothing we can do to lower your rate. It is as low as possible."

I said, "Thank you, I'll call back and cancel this credit card tomorrow."

"Goodbye, ma'am."

No willingness to work with me, nothing.

So, I opened the new USAA card (which gives me another card, which I REALLY dont like), which has a 18.15% APR - but a 0% APR on balance transfers for 6 months. And then I transferred as much as possible over to the new card.

So, Im still carrying a balance on the Chase card, but Ive cut it in half.

So! One of my goals for 2007 has at least had some progress.

Chase: 1,374.84 at 22.99% APR
USAA: 1,475.00 at 0% APR

Ill get that stupid thing paid off and cancelled yet!

Posted in Retail Hell | 3 Comments »

3 Responses to “More Fun and Games with the Chase Credit Card”

  1. JanH Says:
    January 18th, 2007 at 07:01 pm 1169146872
    1169146872

    I have a credit card that won't lower its rate either, but still sends me stuff to get a low balance transfer rate. I keep wanting to call and ask why I qualify for the low rate from them, but they won't lower the one I already have.

  2. living_in_oz Says:
    January 18th, 2007 at 07:56 pm 1169150179
    1169150179

    I just did the same Monday with my Chase card too, only they DID offer to lower my rate...by 1%!! No thanks. I transfered over to another credit card company instead.

  3. LuckyRobin Says:
    January 19th, 2007 at 05:22 am 1169184132
    1169184132

    I don't think the threat of you applying for a new card and transferring balances is good enough anymore, because they know 70% of people who are preapproved get turned down anyway, or that its just a bluff. What does usually still work is saying "My other credit card just offered me ___% to transfer my balances. What can you do to meet their rate and keep me as a customer?" Not always, but usually.

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