Offer Removed

The fact that they call their credit card "Freedom" is all you need to know about how stupid this bank thinks you are.

I have defaulted on my mortgage.
I have defaulted on my credit card.
Next, I'm gonna default on my bookie.
There's just no consequences.

No consequences? You're going to lose your house, your credit and your kneecaps. Good luck with that.

Get card and then use it to buy gas for the car(SUV) for the next three months.

This bank hosed me for 1200+ in fake hidden fees that I couldn't question.

I had cut up the card and was making regular payments. When the minimum wasn't going down I started to wonder why. These hidden fees were changing every month to make sure the payment stayed at $90 a month.

I inquired into them at the branch and they hadn't heard of them. I then received a card in the mail stating I was part of a consumer base that qualified for a lawsuit against them. I threatened them with my own lawyer and a check arrived in the mail a few days later. No manager review. They knew they were ripping me off and didn't say anything. The fee would change amounts (up most of the time) to make sure the minimum payment didn't change. They had no grounds to argue the amount because they couldn't produce any evidence I signed up for this "service".

All in all: A crooked bank that doesn't have to be audited or have their books match up if they over charge you. You can't sue them in anything less than a federal court. Even then, you won't win given they have unlimited funds.

I always wondered how it's legal to stipulate that they can change the terms of an agreement later, not disclosing exactly what the change will be, then waiting till people have a balance to pay off, to change the terms so you're stuck with them.

Do you go to a restaurant, order what's on the menu, eat and pay the full bill, only to be stopped at the door as you exit, being told you can't leave without paying more money?

Unfortunately all credit cards only give "freedom" for those who can pay it off every month. That's, what, 8% of the population. Theoretically those who can't pay it off every month do so because they can't afford to. I will never understand how in good conscience banks can screw those people.

They should call it the "Chase: Indentured Servant Credit Card".

I have both cards. I only signed up because Freedom gave $100 for signing up. I got that. I haven't used it since. I signed up for Slate. Need to spend $15 more to get to $500 for $100. $200 is better though. I always pay off my cards in full before due date. I just keep cards open for credit ratings. The more credit reserve you have, the higher your score.

The more cards you have does not necessarily mean a higher credit score.

I have citi, chase, amex, etc. just read the fine print and take the bonus and close the account.
be good and you get your bonus for free. be bad..... you got to pay....

cash back cards are only worth it if you can pay off your balance in full every month. if you can't, then find a card with lower interest rates instead.

#2 Talk to your congressman about a government bailout.

@10
The ratio of used credit to available credit is (IIRC) 30% of your credit score. More cards does not mean a higher score if they're all full, but it does if they're empty. This is assuming the total credit granted by all your cards is more than one bank would give you.

Like #9 said, more credit reserve gives you a higher score.