12-23-2008, 04:35 AM
A short time ago, we took advantage of a really good balance transfer rate from Chase.
A couple of months later, they notified us that they were going to hit us with a $10/month fee, plus nearly triple our minimum monthly payment (from 2% to 5%). Utterly unmanageable. We called them up to ask whether they *wanted* us to declare bankruptcy or what. As it turns out, this was just an arm-twisting maneuver; they would keep our min. payment low and waive the monthly fee if we would surrender the promotional interest rate and go with 7.99%
Bastards.
I'll be so happy to get out from under their thumbs.
A couple of months later, they notified us that they were going to hit us with a $10/month fee, plus nearly triple our minimum monthly payment (from 2% to 5%). Utterly unmanageable. We called them up to ask whether they *wanted* us to declare bankruptcy or what. As it turns out, this was just an arm-twisting maneuver; they would keep our min. payment low and waive the monthly fee if we would surrender the promotional interest rate and go with 7.99%
Bastards.
I'll be so happy to get out from under their thumbs.