JPMorgan Chase Gives Credit Card Refund
March 28, 2009 by Stephen Kersey
Filed under Business
If you have a credit card with JPMorgan Chase, you may have some extra money heading your way. On Friday, the bank announced that it will refund the service charge it began charging for some cardholders at the beginning of the year. The charge was a $10 fee that occurred monthly. The bank said it decided to issue refunds after hearing negative feedback from numerous cardholders.
Credit Card (Image: Flickr)
While the monthly service charge will be refunded, any minimum payment requirements will remain. Some JPMorgan Chase cardholders saw their minimum raise from 2% to 5% at the onset of 2009.
Overall, the banking industry is desperate to have their customers pay back their loans. With more and more people defaulting on loans, banks have been more diligent in requiring repayment and more stubborn about who they lend money to in the first place.
JPMorgan Chase is one of the four largest banks in the United States. With roots that can be traced back to around 1800, it’s one of the banking institutions that is deemed too big to let fail by the federal government. As such, JPMorgan Chase got a federal bailout worth more than $20 billion in 2008.
Maybe you should not have become a predetory lender without informing people.
In your effort to treat people fairly and not discriminate you ripped off everyone. I would like to know why?????
With all the OUTSOURCING<OUTPLACEMENT, choas and mistakes always looking for a job with a little pay raise and maybe a promotion I have run into a lot of
political protest around CHASE CITIGROUP —-I asked for help and got the run around. If I had an account for 32 years at First Chicago,Bank one and Chase and never misse a payment untill i tried to get to some agreement with you to stop ripping me off. No one offered to help me in fact i was treated more than
lousy but that is the same way i was treated on the job where everyone likes to screw things up. So between HOSTILE COWORKERS DO NOTHING MANAGEMENT
Who can you TRUST to FIX THIS. I have done nothing wrong and I do not believe in PREDETORY LENDING/ you are worse than a loan shark.
I will settle this and I will Buy nothing .Do not TRUST ANYONE ANYMORE
cheap defective merchandise,ripp off banks low pay crap jobs.