OK here is my situation: In October I was approved for a Chase classic Mastercard 6K limit 2.99 BT for 6 billing cycles. They pulled TU my best report. Well, I noticed they reviewed my Experian report in December, my worst report 609 CE. My TU score is 725 and has been for several months. Does anyone know if they will raise my rates to default rates after the 6 month promotion has expired? I would hate for them to do that since it is my first "prime" card. I was considering closing 4 of my subprime cards since I bt most of them. Any suggestions or help anyone?
"DEFAULT RATE"...NO...you have to be late like twice or over-limit... You were QUOTED a "GO-TO" rate...that is what it will be...
Chase will not. They will only do that if you handle the account poorly. Then they will have a reason to pull your credit and use that as an excuse to lower raise your rates. That is my experience so far. I wouldnt worry about it. Just dont be late. The 609 isnt bad either. I got my chase classic with that kind of score in 2000.
