JPMorgan Chase Gives Credit Card Refund

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.
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 …read more