Chase - Visa Review

I am reviewing the high interest rate charged by the Visa card from Chase Bank against people with fixed income.  I was a Washington Mutual customer for many years.   I bought items and got credit from the My Points program.  I paid my bills on time and always paid more than the payment due.  I even added my Capitol One balance to Washington Trust to eliminate Capitol One Visa as one of my credit cards.  We had a mutual respectful relationship, Washington Mutual and I.

But the problems began when Chase Bank bought out Washington Mutual.  My interest rate went from 16.75% to  27.99%.  This change did not even consider my dealings with Washington Mutual.  It was based on information contained in my credit reports that has not changed in the years I did business with Washington Mutual and my now closed Capitol One.  I have several unused store credit cards but seldom if ever carry a balance.

I feel this rate hike was only to increase Chase' income.  My account will be paid off shortly and I will look for a completely different bank such as perhaps Wells Fargo.  I warn everyone to be very careful of Chase Bank.  They seem determined to take advantage of older people on a fixed income like myself.