In some ways I’m bummed about the recent four-year relationship with them and their Visa card ending but not too much, in light of their upcoming gouging, aka their “Blame Obama & Frank” rules…never mind how much TARP money they were given.
I would’ve been fine with the Rewards in place of the MGM-Mirage points yet they’ve joined the bandwagon of punishing the responsible customers like ourselves with unacceptable rates and terms (just wait until next year when the rates of the Eighties return, 19%). So, we gradually made the move over to my credit union’s card which bases its rate upon my credit score because it’s a non-profit entity…once again proving how a hybrid of Market and Socialized systems can work together, resulting in a better product.
The young man on the phone was cool about it. Actually, I think Chase is braced for a flood of cancellations too. It was the first time I had called the toll-free number and there was an option in their phone tree on terminating the card.
If you belong to a credit union, I’d seriously look into going with its options. The Too-Big-To-Fail banks are jacking everybody in 2010 through their new fees as a show of gratitude to us taxpayers keeping them solvent in the closing days of the Worst President Ever.