About three years ago I "opted-out" of getting credit card offers by freezing my credit reports. That stopped all of the credit card offers, EXCEPT from Chase. You see, even when you opt-out, a bank can ignore that and that is what Chase did. I did not have any dealings with the bank. I did not even have a bank acocunt with them when I worked there. That alone put me off dealing with Chase.
I did have a credit card with Bank One. That bank was taken over by Chase. On the same week that I get a welcome letter from Chase telling me how things were going to be greater now that Chase owned Bank One I also got a notice that the interest rate on my credit card was being raised from 10% to 18%. I only used the card to get a one-year interest free loan and the year was recently up. I was paying off chunks of what was owed but apparently they figured that I could not pay it off and that they could stick it to me. I called and they claimed that I was too near my credit limit on another card which was why they raised the rate. Within a week I had paid off my Bank One/Chase credit card and closed the account.
Silly me for thinking that I was done dealing with Chase. I then get one of those annoying contract checks in the mail:
Sending me the check was not good enough. Just in case I was not interested in cashing the check, they made it possible for anyone to collect the $20 by also making the check out to BEARER!
So are they going to enroll 'Bearer' automatically into the optional payment protector plan? I suspect not. I think the check was a underhanded attempt to get me (or bearer) to cash the check and by default reopen my credit card account.
My advise is to stay far away from this bank.