JPMorgan Chase & Co.

Beware of doing business with JPMorgan Chase & Co.

As a consumer who has had no late payments to this company (or any company) and a high-paying job that I have been at for over 20 years, I was shocked to receive in the mail a notice from JPMorgan Chase & Co. that "in response to market conditions, new federal laws and regulations, and our increasing costs" we are closing the above-referenced credit card account.

By the way, this account has been paid-off for two billing cycles and has a zero balance. It has never been paid late, nor have I ever exceeded the credit limit, and I have followed all of their 'terms of use' (as with all of my accounts)

Now my credit report is going to reflect an account that will be listed as 'closed at credit grantor's request', which is going to harm my FICO score for no reason.

Please think twice, even if you have good credit, about doing business with JPMorgan Chase & Co.