Post From Alice About Possible Fraud at Chase Bank

In 2006, Chase Bank offered a balance transfer at 3.99% “until the loan is paid off”. The trick was that if you continued to use the card, you’d be paying interest on your purchases- at the regular rate- until the balance transfer was completely paid off. Since they only asked for about 3 percent a month- that could be years of paying interest on a dinner out or a sweater.


Unfortunately for Chase Bank I read the fine print. I understood that additional charges would just accumulate and incur years of finance charges. I’m sure they caught plenty of people with this ruse. But I didn’t charge anything on the card. I just made my payments on time and enjoyed my 3.99 percent loan.

Well, some computer finally caught up with me and noticed I wasn’t being gouged like the other poor saps that took this offer So this month they added a $10 per month account service finance charge. The amendment states twice that this is a finance charge. However, customer service says it’s a service fee and they are free to add service fees whenever they want.

I can’t find another Chase Bank credit card offered with a $120 annual fee. So it’s just a way to double the finance charges they are getting from this account. And since they only raised this fee on some accounts- like mine- it’s obviously always been their intention to raise the effective interest rate whenever they wanted.

So they made the offer in 2006 hoping to gouge me but secure in the knowledge that if they didn’t get me one way they’d get me another.

Apparently only the consumer is bound by the agreements. The credit card companies never intended to honor any fixed rates. It was a scheme to catch consumers and they had a Plan B in case you slipped through the net.
I think this is fraud.

8 Comments

  • Sence Dec. 10, I have not received statements from chase bank, but in over draft sence Dec.
    They said my p.o. so I called and said I was caught in whirlwind.. but would send all mail..
    another o.d. came. now instead of 34.00 they are charging 43.50 for a 5.00 o.d. today they send me daily updates, claimed a 25.00 withdrawal.. but no one has or is using thee account.. they told me instead of cashing a business check I wrote for 25.00 some used it as a debit..why would a business use a 25.00 chck for debit and why cannot I do it with checks instead of cashing for cash ??

  • I suspect FRAUD FROM CHASE BANK TO BE HONEST..
    THEY ARE RUDE, CONDESCENDING, WILL NOT TALK TO ME WITHOUT BEING RUDE..TOO BUSY TO TALK TO ME ON THE PHONE..AND THINK I DO NOT HAVE THE RIGHT TO QUESTION THEIR VERY QUESTIONAL BEHAVIOUR ..

    WHY WILL THEY NOT PROVIDE ME EVEN A COPY OF THE STATEMENTS BEING I HAVE RECEIVED NONE SENCE LAST DECEMBER ??
    AND DO NOT LIKE THE FACT I CANNOT LET THEM CONTINUE THIS.. EVEN KICK ME OFF ONLINE WHEN I TRY TO CHECK STATEMENT.. 4 PASSWORDS SENCE DEC. AND THEY KICK ME OFF.. WHAT ARE THEY HIDING ??

  • After Chase bought washington Mutual, Chase start to changethe checking account to those poor people that cant have 1500 dollars or a direct deposit from a free account to a 12 fee monthly.

    THATS SUCKS, they only want more, more and more, I will talk to everyone I know and ask them to get out of that bank or simple never visit even the branch.

    There are other banks out there offering free account for us… CHASE SUCKS!!!!

  • CHASE REALLY DOES SUCK!!!! It has taken me two years of pain and agony from which my ear is suffering chase phone call callouses, to recognize that it is just not innocent mistakes due to their size but in reality is criminal intentions (greed) that focuses all their efforts. They lied, connived, disregarded and feloniously sold my property in a un-notified trustee sale. This was done while I was in a forebearance agreement with them. They sold the property back to Fannie Mae for 3/4 of the worth of the property and I lost $43,000.00 of my only retirement investment. What recourse? My lawyers say that if I sued, by the time a settlement could be reached, the suit would cost more than what I could possibly recoup. So here I sit!! I filed for a Chapter 7 Bankruptcy last month and since I am 67 and retired I guess I have to thank good old chase, HuH! Does anyone know of a class action suit against Chase that fits my particular circumstances??? Well good luck to us all anyway.

  • I’m not sure if this helps, but here is a thread on Chase Class Action Lawsuits in our forum.

  • Eight years ago Chase over-credited my account $11,320. I withdrew it and closed my account the same day. Screw ‘em.

  • So that’s where all our fees went lol

  • I found a 1967 Mustang on the internet and wanted to buy it. I wired 9500.00 to an account there titled Chicago VIP Limousines on 11/30/2010. I kept getting email from this person about the car being shipped to me from Minnesota. Well, I wired the Chase bank in Norridge Il to try to get my money back, but they refused to do it. They said it was a MULE account and the account was with the fraud department there. I have tried to get a phone number for this account by sending a supeona to the bank for this info. All they put on the supeona was the name and account status and basically that is it. I wonder why I can’t get my money back. I am not a rich woman by any means. I can’t get a lawyer here in Terre Haute to help me. I don’t know why this is happening. Can anyone out there help me?????

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