BankOne (now CHASE) TRIPLED my APR with no notice

BankOne (now CHASE) TRIPLED my APR with no notice

Bank One, now known as CHASE, tripled my interest rate from 8.9% to 29.49% with no notice last month (Feb. 2005). I called them and they claimed I was sent a letter saying this would be happening. I told them I never received the letter, and if I had I would have transferred the balance to another card and closed the account.

I had never been late with them and the last payment I sent to them before this happened was $1,000.00 and my minimum due was only like $85. I paid off about 1/4 of the entire balance with one payment. They refused to lower my interest. I asked them to close my account and make sure it is stated that it was per my request on credit reports.

The lady kept asking me if there was anything else she could do and about 5 times I begged her to lower the interest rate, because I never received notice, but she refused. I think this type of practice should be against the law and I hope everyone that had this happen will expose this rip off company J. V

Jacksonville, IL Click this link to e-mail the above consumer: Email User Consumer