Thanks for your feedback. Actually I have several cards, all pretty well maxed out. I am fortunate enough to be employed, realized my error in credit world, and (without using my cards further) have always paid more than minimum. I was not offered the higher interest rate in exchange for leaving my min. at 2%. I only called to inquire about opting out and surrendering my card. They said there was no opt out policy. I will likely not be able to pay their increase to 5%, which in turn will allow them to increase my interest rate. Once that flag hits I assume other cards will start dumping on me as well. I am discouraged. I know my use of credit waw dumb, but barring the Chase attempt to increase their bottom line I had already changed my own purchasing behavior and was able to make my payments complete and on time. Now I face credit disaster.