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Trusted Contributor
Posts: 1,513
Registered: ‎08-19-2018

Re: 💳 Canadian Chase Bank customers 💳


@alarmclock wrote:

@MamaWick wrote:

I read the story.  If this is true, it's a lawsuit waiting to happen with non-Canadian card holders.  You can't do for one and not for others.

 

 


Sorry but you are mistaken.  


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I can see no grounds for a law suit either.  Chase is leaving Canada.  There's no reason to believe, they're leaving the U.S.

 

I'm not a financial or legal expert; not my fields.  I feel certain, lots of people, who are, were part of making this decision.  

Respected Contributor
Posts: 3,171
Registered: ‎07-18-2010

Re: 💳 Canadian Chase Bank customers 💳

What I find really interesting the folks who think they are special because they don’t have a credit card balance. I almost never have a credit card balance, but right now I have one of about $2500. But that’s only because I had major work done on my house and I chose to put it on my credit card to earn air miles. Interest rates are also very very low. 

 

What is wrong with using credit?

Esteemed Contributor
Posts: 6,120
Registered: ‎03-29-2019

Re: 💳 Canadian Chase Bank customers 💳

[ Edited ]

@Bhvbum wrote:

What I find really interesting the folks who think they are special because they don’t have a credit card balance. I almost never have a credit card balance, but right now I have one of about $2500. But that’s only because I had major work done on my house and I chose to put it on my credit card to earn air miles. Interest rates are also very very low. 

 

What is wrong with using credit?


 

 

 

 

 

 

 

 

@Bhvbum 

 

 

 

 

 

 

You have to understand @Bhvbum  that those who make the claim that they pay off their balance in full every month, are "better than"  and are "smarter" than those who don't, and look down their nose at those who don't.

 

 

Of course, they'll deny that.

The Sky looks different when you have someone you love up there.
Honored Contributor
Posts: 8,327
Registered: ‎05-09-2010

Re: 💳 Canadian Chase Bank customers 💳

Absolutely hate Chase bank. Years ago our small business had a line of credit with them. We made EVERY payment on time and much more than the minimum. Out of the blue Chase changed the line of credit into an installment loan. Our payment went up by over $1,000 per month, quite an adjusted for a small business. I called and wrote letters to no avail. We paid it off and closed it out. Will never do business with them again, total scum. As far as the CC forgiveness, Chase is only looking out for themselves, and spinning it to make it look like something nice.
Always remember that you are absolutely unique. Just like everyone else. Margaret Mead
Honored Contributor
Posts: 18,415
Registered: ‎11-25-2011

Re: 💳 Canadian Chase Bank customers 💳


@Bhvbum wrote:

What I find really interesting the folks who think they are special because they don’t have a credit card balance. I almost never have a credit card balance, but right now I have one of about $2500. But that’s only because I had major work done on my house and I chose to put it on my credit card to earn air miles. Interest rates are also very very low. 

 

What is wrong with using credit?


Home Loans/HELOCS:

Interest may be tax deductible..and sets up a credit foundation

for bigger projects down the road.  When I was working in banking,

lending officers would suggest personal credit only as the very

last resort if traditional credit lending means were not approved. 

Esteemed Contributor
Posts: 7,097
Registered: ‎09-05-2014

Re: 💳 Canadian Chase Bank customers 💳

I'll never understand why people get so angry when something like this occurs.  

 

Because they don't benefit, no one should?

 

 

Honored Contributor
Posts: 8,327
Registered: ‎05-09-2010

Re: 💳 Canadian Chase Bank customers 💳


@Johnnyeager wrote:

I'll never understand why people get so angry when something like this occurs.  

 

Because they don't benefit, no one should?

 

 


@Johnnyeager So how would you feel if you scrimped and saved and sacrificed so that you could put your kids through college with no debt, and then everyone who graduated with student loans gets all their debt forgiven?  That would not make you angry?  I would be angry.

Always remember that you are absolutely unique. Just like everyone else. Margaret Mead
Honored Contributor
Posts: 18,415
Registered: ‎11-25-2011

Re: 💳 Canadian Chase Bank customers 💳


@Puppy Lips wrote:

@Johnnyeager wrote:

I'll never understand why people get so angry when something like this occurs.  

 

Because they don't benefit, no one should?

 

 


@Johnnyeager So how would you feel if you scrimped and saved and sacrificed so that you could put your kids through college with no debt, and then everyone who graduated with student loans gets all their debt forgiven?  That would not make you angry?  I would be angry.


This is about credit card debt, not student loans.

 

Esteemed Contributor
Posts: 6,527
Registered: ‎03-10-2010

Re: 💳 Canadian Chase Bank customers 💳

Maybe this is what was behind that "opt out" letter from Chase that was a topic of conversation here recently.  Chase getting things lined up, knowing they were going to forgive Canadian debt and preparing for the rest to get in line with lawyers to get theirs.

*********************
Keepin' it real.
Esteemed Contributor
Posts: 7,097
Registered: ‎09-05-2014

Re: 💳 Canadian Chase Bank customers 💳

Not angry about it.  Happy for those who receive unanticipated good fortune.