Chase Bank is forgiving all outstanding debt owed by customers of its two Canadian credit cards as it exits the country’s market.
Customers using the Amazon.ca Rewards Visa and the Marriott Rewards Premier Visa were pleasantly surprised to find the balance on their credit cards had been wiped clean.
The US-based bank, part of the firm JPMorgan Chase & Co, announced in March 2018 that it was closing its two Visa cards and leaving the Canadian credit card market after 13 years.
It confirmed on Thursday that it was forgiving all outstanding debt owed by customers of its two Canadian credit cards.
Fascinating. I can imagine them deciding that it’s cheaper to forgive the debt than to stay in the market for whatever reason, but,I don’t understand why they didn’t just sell it.
-------------------------------- If you think looting is bad wait until I tell you about civil forfeiture.
Posts: 33811 | Location: On the Hudson | Registered: 20 April 2005
