I received a letter from Chase the other day that they had an invalid email address on file with them and that out of a courtesy they sent me a one page photocopied statement. In the letter they detailed how they couldn’t get in touch with me via email and that I should visit their website to update and confirm my email address. I found this odd as they have had my email address in the past, have continued to contact me through my email and would notify me of balance transfer offers. I checked my account thoroughly, changed my password, and confirmed my email address through their services. No evidence of foul play at all, maybe just a fluke?

What struck me as odd was the number at the bottom of the statement. The balance on this card is only $825.63 and will be paid off within days once I receive our tax refund, but the APR on this card is atrocious all of a sudden, 36%. I have never missed a payment on the card, always paid on time, just the minimums though. Could this be the reason? I admit that when I receive notices from the credit card companies that I rarely read them. I quickly glance through the tiny print trying to find anything significant and maybe this was listed in there and I overlooked it. I wouldn’t be surprised; my eyes strain to read through it all.

All in all if I had to continue to pay at this rate I would be calling and complaining. Look for another card with a better teaser rate. I view this as highway robbery and just another reason to never use a credit card again.

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