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The 11/20/07 Chase press release announcing the change in account rating
 Moderated by: Christine
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 Posted: Tue Nov 20th, 2007 08:28 pm
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Christine
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Joined: Thu Nov 30th, 2006
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The press release is posted at Chase finally STOPS increasing interest rates due to low credit scores.

It's about time.

Unfortunately, many other credit card issuers continue with this practice and WaMu charges 26% for my former Providian account.  I called to have the rate lowered, they denied my request. 

I don't have a single derogatory item on my credit report, but my credit score was low in May when they increased the rate.  The FICO score was low due to inquiries, new accounts and high balances.  In October it was over 700, yet WaMu still charges me 26%.

See WaMu Visa charging 26% interest, refused to lower rate



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