Joy of Joys! Also, JP Morgan/Chase is Evil.

[bghsmith]

Three weeks ago, my check card went missing. I canceled it before anything 'bad' happened. All seems well. I find out I have to go the bank personally to get a new one. I lost it on a Monday, so I had to wait until Saturday to go in. Slight pain, but no biggie.

I go in and fill out the affidavit and find out it will take 2 weeks to replace! Now, I've had to use checks for the 2 weeks and had one incident at the gas station where my check wouldn't go through. It was an auto-debit, so I just blamed it on the hold. I went to the bank and wrote a check for cash with no issues and went back to the store.

Two weeks later I get my replacement card. I try to activate it and the auto system won't accept my pin number. ARGH! The replacement card came on a Monday. Friday I finally get my new PIN number in the mail. The card activates, I use the damn thing and all is well.

THEN I find out my credit card is canceled! WHAT?!?!?!?

Turns out that JP Morgan/Chase canceled EVERY CARD that they bought from WaMu. First, they raise my interest rate by 16%. No, not TO 16% but added 16% MORE interest to my existing rate. THEN they cancel the damn thing. Fuckers! A quick internet search shows that WaMu card holder across the board are getting their new Chase cards canceled wholesale. Chase is blaming it on Experian, but a quick check with them shows that Chase has not asked for any credit scores.

Some links:

http://www.consumeraffairs.com/credit_cards/chase_credit_cards.html

http://banking.about.com/b/2009/07/14/watch-your-chase-credit-cards.htm

I suppose the new laws aren't making them happy, so they are just fucking everyone before they aren't allowed to fuck anymore.

Comments

[murstein.livejournal.com]

To a first approximation, the big banks are throwing a hissy fit, because they've grown fat on practices that were illegal when Richard Nixon was President. Again, to a first approximation, the small, local banks are cool with the changes, because that's pretty much how they've operated all along.

Unfortunately, the 19 biggest banks have about 2/3 of the business in this country. I'm hoping their hissy fits will make people look around and find a good local bank, bringing the big boy market share to half or less.

Yep

[bghsmith.livejournal.com]

My first thought was to check out any local banks that offer cards.