I am so irritated with Chase right now. A while back, they bought out one of my credit cards and tried to raise the APR way too much for my tastes. So, I wrote them the "I reject these changes" letter and closed my account. I've been slowly paying it off since then. Since it's closed, it hasn't been my top priority to pay off-- I've been throwing money at my other cards instead. So, yesterday I get a statement in the mail (looked like junk mail, of course) that said they were raising the rate on that card to 31%!! Even though it's closed, and I had rejected the earlier rate hike. I called the company and spoke to a supervisor about just what the heck was going on, and she said that as long as I have a balance on the account, even if it's closed, they have the right to raise the rates and I just have to keep writing rejection letters every time I get a notice. Now..... why would I agree to a rate hike when the account is closed? I'd have to be a moron. I really had no idea they could do that. Going to check my credit report now just to make sure there's nothing funky on there, too. My credit has always been average-- not stellar, not awful. I've never missed or been late with any type of payment, so I'm not even sure where this 31% is coming from.