Complaint Rating:

I had two Wamu Credit Cards that were never late and I paid more than the minimum payment. I never had an issue with Wamu. Chase Bank took over WAMU and in January of 2009 one of my cards rate was increased from 14.9% to 23.9% without warning and for no reason, no late payments and again paid more than the minimums. My second card had an introductory rate of 0% for one year (ending this August) then would be 10.9%. I transferred other balances to that card and paid on time and more than the minimums again. Yesterday I received a letter from Chase that they were CANCELLING my card with the lower interest rate and the lower balance for no reason what so ever! Today I received a letter that they were keeping my card with the higher balance and interest rate active but lowering my credit limit! This is a situation that can not continue. I called my Congressman (Kanjorski) who helped with the Credit Card Consumer Bill of Rights (which passed the legislator but that will not go into effect until next year, great timing give the companies plenty of time to screw us over) and was told nothing anyone can do. The companies have the right to cancel cards, raise rates lower limits without notice and for no reason!!! I THINK WE NEED TO REMOVE ALL THE LEGISLATORS NOW IN CONGRESS AND BRING IN NEW BLOOD! PEOPLE THAT WACTH OUT FOR THE AMERICAN TAXPAYER! LET’S GIVE ALL OF CONGRESS, SENATORS AND CONGRESSMEN AND CONGRESSWOMEN TERM LIMITS. ONCE AND YOU'RE OUT. LETS ALL VOTE FOR SOMEONE NEW! THIS IS NOT PARTICIAN, IT IS SURVIVABILITY FOR U.S.! I WILL NOT VOTE FOR AN INCUMBENT EVER AGAIN REGARDLESS OF PARTY!!!