All credit cards have some sort of fees or penalties being levied on customers who have a card from their company or do not pay their dues on time. Chase credit cards are no different from the rest when it comes to this. However, one aspect that set this credit card apart from the rest is that there are no hidden charges that the consumer is unaware of. All the details of the penalties and fees are informed to the customer when the card is sent to them. Let us take a look at some of the common penalties and fees levied on the chase credit card.

Chase offers all its customers a grace period of sixty days to clear off their dues without any interest being levied on it. However, this is valid only if there are no previous dues. If you do have previous dues or cross the sixty day limit, the APR is levied on the dues. Secondly, if you do not pay your dues for two months consecutively, then, there will be a penalty applied on your chase credit card. This penalty will stay on your card only for six months if you pay your dues on time from then on. The new credit report laws bring a certain amount of relief to customers since the banks have reduced the amount being levied as penalty.

Added to this, you will also be billed extra fees is you cross the limit mentioned on your card. However, if you are a good customer, the bank has many ways of rewarding you as well.
You can also fill chase credit card application online.

Similar Posts:

Share