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Chase Bank erases all credit card debt for Canadian customers


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Chase Bank
JPMorgan Chase &
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JPMorgan Chase & Co.
VISA
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Chase Card Services
CBC
SURVIVE GRIZZLY


Victor J. Blue
Maria Martinez
Douglas Turner
it."Canadian Paul Adamson


Foxnews.comAmerican
Canadian
Canadians
CANADIAN


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New York
CANADA
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Canada
Ontario

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The New York Times
SOURCE: https://www.foxnews.com/world/chase-bank-erases-all-credit-card-debt-for-canadian-customers
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Summary

Chase Bank, which is part of JPMorgan Chase & Co., closed all their credit card accounts in March 2018 and customers were expected to continue to pay their debt.That changed on Friday when the company decided to forgive all outstanding balances on either of its two VISA cards as part of their exit following 13 years in the Canadian credit card market, according to the CBC.GONDOLA CABLE CUT IN CANADA, SENDING CARS CRASHING TO THE GROUND IN 'DELIBERATE ACT,' POLICE SAY"Chase made the decision to exit the Canadian credit card market," said Maria Martinez, vice president of communications for Chase Card Services. "It's [usually] surprise fees, extra complications, things like that, definitely, but not loan forgiveness."When asked why Chase decided to forgive rather than try and recoup owed money, Martinez said that the company, “felt it was a better decision for all parties, particularly our customers, to forgive the debt."The company wouldn't elaborate on how much debt was outstanding or how many customers had signed up for their cards.CLICK HERE FOR THE FOX NEWS APP“Everyone I’ve talked to is really keen on this good-news credit card story,” Adamson added.

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