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Disturbing news on Chase Credit Cards
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<p>[QUOTE="PurpleSquirrel, post: 295549, member: 110"]</p><p>Chase is going to lose this game in the short term by not allowing churning. But my opinion about Chase curtailing CCs is different.</p><p>I observed this back in 2008/2009 when the recession happened. A majority of the banks (Chase included) were very active in denying credit to customers. They probably had a front end view of defaults / delays of their customer payments and tried to protect themselves (Amex was the top denier during that time). Is Chase seeing something like that?</p><p>[/QUOTE]</p>
[QUOTE="PurpleSquirrel, post: 295549, member: 110"] Chase is going to lose this game in the short term by not allowing churning. But my opinion about Chase curtailing CCs is different. I observed this back in 2008/2009 when the recession happened. A majority of the banks (Chase included) were very active in denying credit to customers. They probably had a front end view of defaults / delays of their customer payments and tried to protect themselves (Amex was the top denier during that time). Is Chase seeing something like that? [/QUOTE]
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