JPMorgan Chase Credit card department,
Credit line increase/decrease Michigan
I have several credit care accounts managed by Chase. I had taken a balance transfer offer from Chase upon opening - of the cards. The balance transfer came with a 0 % finance rate for about 9 months. I made payments on time and before the promo rate expired, I paid off the remaining balance. Within 1 week of paying it off, Chase reduced the credit limit of all of my accounts with them. I went from a combined limit of about - down to about -. I believe Chase arbitrarily reduced my credit limits as 'punishment ' for paying off the balance and avoiding finance fees. This action by Chase severely degraded my credit limit to balance ratio and resulted in a very negative impact on my credit rating.
JPMorgan Chase customer in Michigan
Nov 19, 2015
* Source: CFPB Complaint Database
JPMorgan Chase response to complaint:
Closed with explanation
Submit a complaint with the Consumer Financial Protection Bureau today
File ComplaintWebsite | http://www.jpmorganchase.com/ |
Phone | (212) 270-6000 |
[email protected] | |
Address | 270 Park Ave Fl 12 New York NY 10017 |
JPMorgan Chase | |
JPMorgan Chase |
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