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A Chase Bank in Canada cancels all Credit Card debt of cardholders!!


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Look at this, wow oh wow, wish I'd bought some XRP with that card from that bank! LOL

https://www.yahoo.com/news/flabbergasted-chase-bank-forgives-credit-130519230.html

 

"Chase made the decision to exit the Canadian credit card market. As part of that exit, all credit card accounts were closed on or before March 2018. A further business decision has been made to forgive all outstanding balances in order to complete the exit," Maria Martinez, vice president of communications for Chase Card Services, said in a statement....Until now they had (customers/cardholders) continued to pay off their balances, but, alas, no more!

Edited by SilverSailor
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12 minutes ago, Hodlezerper said:

Are any Canucks in here more concerned about why Chase would do that? What's the consumer debt situation in Canada?

Not great, but not out of line relatively speaking I think...it likely speaks more to the fact that they consider Canada such a small market (it is) and they probably made a business decision based on cost/benefit.  

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  • 1 year later...
Posted (edited)

Thank you for keeping us up to date. It's a very beautiful and generous act. They left beautifully. I remember during the quarantine period there was a crisis in the country, and people also weren't happy with their income. And during such a crisis in the state, it was very important not to tear money from people. I used the service https://www.yhdistalaina.com/yhdistelylaina-kokemuksia/ and was surprised by their loyalty and understanding. Usually they try to take as much as possible from you, but not here.

Edited by RebeccaMiller
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