Economy

Late last year, Chase's credit card division decided to change the terms on accounts where customers had taken advantage of low-rate loans which were to be paid back over "the life of the balance".

Yesterday we examined why and how credit card companies are seeking money back from the customers they once so eagerly loaned to. As discussed, we're seeing "carrots, cajoling, and sticks" the likes of which we haven't yet seen among prime card companies.