Chase Credit Card Chase closed my 'good standing, never been late' credit card account! Wilmington Delaware

Oh, my dear friends I to got the letter today about the card closing the one loop hole I found was they closed my account on the 21st of July but the letter was dated the 29th of July. I raised so much hell with the lady but she just laughed then I asked to speak to her supervisor and she said that there was no reason to she would tell me the same thing.they wont tell us the truth because they no they are wrong! this is just wrong And they wont to know what's wrong with this country I will tell you greed!! That's what it is thanks for reading my two cents about the issue.

Oh, my dear friends I to got the letter today about the card closing the one loop hole I found was they closed my account on the 21st of July but the letter was dated the 29th of July. I raised so much hell with the lady but she just laughed then I asked to speak to her supervisor and she said that there was no reason to she would tell me the same thing.they wont tell us the truth because they no they are wrong! this is just wrong And they wont to know what's wrong with this country I will tell you greed!! That's what it is thanks for reading my two cents about the issue.

My circumstances are very much the same if not identical to all of the previous posters. Chase Bank notified me by letter that my credit card account has been closed "for the following principle reasons - total available credit on bankcards is too low - time since last past due is too short - current or history of severe past due or Public Record item."

I, too was a satisfied customer of WaMu prior to Chase's buyout. I have NEVER been late with my credit card payment and more often than not, pay more than the minimum monthly amount due. My other forms of credit - car loan and student loan are paid on time and in good standing as my Experian Credit Report verifies.

When I called to inquire about my account closing, the Chase representative would not state a reason for their decision, instead they referred me to Experian Credit Report Agency for answers.

I am a responsible consumer who will soon be embarking on the goal of home ownership. However, this decision by Chase will hurt my long-awaited and judiciously planned efforts to build credit so that I can purchase a home.

I called asking for an explaination of "average length of time since bankcard opening is too short" and "too few open accounts with time on file greater than 24 months". She could not explain it and keep reading it back to me as a valid explaination. Will this reflect porrly on my credit? I opened my account two years ago when I moved to the US. My balance is uner $20, always paid on time. I did however, have a balance of over $1000 last month and paid it off before the due date. Are the angry for not being able to hit me with high intrest rates? I truly don't understand and hope someone will shed some light on this for all of us. I had a feeling after the change from WAMU things would go downhill.

It is very legal for them to do this. They are the company extending you credit, they can remove that offer of credit at any time. You have no right to have credit with any bank. Does not matter what your score is.

Here is what the REAL issue is with your account. All of you have high credit scores. All of you pay more than your minimum. All of you are probably very responsible with your money. That means they have no desire to have you as a customer. You are not making them any money.

they want the people that pay but are habitually late. They want the people that run high balances and pay the minimum. They don't want the responsible people, they want the somewhat responsible people. This is where they make their money.

Remember, credit card companies are a business. If you are not making them any money, they have no desire to keep you as a customer.

I got the same exact letter and their explanations were the exact same as yours! I also was a WAMU member and they NEVER treated me this way. I contacted Chase and they gave me the brush off and told me to dispute it with the credit reporting agency "Experian"- Then I could send in a request to Chase to review my account. What the heck kinda of help is that! I checked my Experian credit report this morning-Just in case there might be something going on that I was not aware of...nothing different.

I have a credit score of 725!!! No lates on anything. Not one thing. Not over the limit on anything either. I have two credit cards and a car loan. That's it! Thats it! I pay above the minimum every month. Yes, I owe more on them than I would like-but I am just like everyother American out here trying to keep my head above water. How is it legal for Chase to do this to us? If I would have thought I was even close to this happening I would have done something to prevent it-They didn't even give me a chance!

If anyone has any suggestions as to how to best handle this-Please Help!

We also just received this same exact letter, we were with WAMU for years and no problem, now 3 increase from chase and todays death letter.
We are only days away from closing on our refinance and if this messes it up lets just say they will have to CHASE me down....

I also got a letter from Chase today. They closed my account for the same reasons. I had WAMU origionally for well over a year. I called them and they stated that paying on time is no longer a "yardstick" that is used to decide on keeping an account open. Don't we have any rights as consumers if we have done nothing wrong? Does anyone have any suggestions?
Thanks,
Mary