Complaint / review text:
I received notice from Chase that my credit card minimum payment would be increased from 2% to 5% of the balance. I don't know how I was targeted for this. I have a fixed for life interest rate for the transfers (5.99%) and have always paid more (at times much more) than the payment due, and I have never missed a payment. I have been Chase's customer with this card for 12 years. How can the terms of the credit card and balance transfer be changed this drastically? My payment will change from ~$300 to ~$775. I just don't know how I will be able to budget for this. A $475/month increase is a huge change, especially in this economy. Please help if you can.