--- title: 'Rising credit card minimums: Fair or foul?' description: Opening the August credit card statement is going to send the blood pressure of some Chase customers skyward. For the second time this year the… authors: - name: timestaff url: https://money.com/author/timestaff/ articles: 459 covers: - Credit Cards - Banking - Career Advice - Credit - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes former_staff: true published: '2009-08-16T15:00:06.000Z' modified: '2009-08-16T15:00:06.000Z' section: Credit Cards word_count: 240 canonical: https://money.com/rising-credit-card-minimums-fair-or-foul/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Rising credit card minimums: Fair or foul?](https://money.com/img/logo-social.png) Opening the August credit card statement is going to send the blood pressure of some Chase customers skyward. For the second time this year the bank has changed up the rules for how it calculates the minimum payment due for certain customers, increasing the rate from 2% of the outstanding balance to 5%. If you’re carrying a $5,000 balance that means your required minimum payment went from $100 in July to $250 this month. That move, in turn, has raised some serious hackles. Over at[ about.com ](http://credit.about.com/b/2009/06/26/chase-increases-minimum-payment-on-credit-card-balances.htm "about.com credit")the call to action is to file a complaint with the Federal Trade Commission over this “unfair practice.” ![](http://content.money.com/wp-content/uploads/2009/08/credit_cards_accepted-032.jpg) Hmmm. Unfair? I’m not so sure. Unfriendly, absolutely. There is no question that tightening the payment screws at a time when unemployment is at a 25-year high and furloughs are the hot new employment trend isn’t exactly consumer-friendly. Yet there is indeed a residual benefit for cardholders. Increasing the minimum payment rate by 150% means Chase customers will pay off their debt a whole lot faster. That’s a boon for their personal balance sheet as well as saving a bundle in interest costs. While I don’t believe for one second that Chase’s motivation is to help its customers — this is all about Chase reducing its risk — I think Curtis Arnold over at [CardRatings.com](http://cardratings.com) got it right by tagging the change a case of “[ tough love.” ](http://www.cardratings.com/creditcardblog "cardratings.com")What's your take? 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