Chase credit card privacy settings

September 13, 2011 11:42 AM

Help with Chase's credit card privacy settings...

I'm going through Chase's privacy settings and I'm lost in their intentionally misleading wording...

These are three options:

- Please limit the sharing of information, about my credit worthiness, with your affiliates for their everyday business purposes as described in your Privacy Notice.
- Please limit the sharing of my personal information with nonaffiliates to market to me as described in your Privacy Notice.
- Please limit the sharing of my personal information with your affiliates to market to me as described in your Privacy Notice.

And some california specific ones:

- Please do not share my information within the Chase family of companies as described in Chase's California privacy notice.
- Please do not share my information with other companies outside of Chase that provide financial products and services as described in Chase's California privacy notice.

Obviously, I want them to inform the credit bureaus of my "credit worthiness"... But that's it. Can I safely select all of these options or does that mean my credit report will show no more payments on my chase cards?

Thanks!

posted by mrunderhill to Work & Money (5 answers total)

None of these options will keep Chase from sharing with the credit bureaus. Read their privacy notice. It says you cannot limit sharing "[f]or our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus." So go ahead and select all those options.
posted by zsazsa at 11:52 AM on September 13, 2011

I closed my account with Chase several months ago because of this intentionally misleading garbage and the fact that they started charging me for a "free" checking account.

I'd select them all and expect that Chase will continue to do whatever Chase chooses to do.
posted by fenriq at 12:14 PM on September 13, 2011

If you could opt out of having the credit bureaus notified about your creditworthiness, you would have significantly less of an incentive to pay your credit card bill, no?
posted by chesty_a_arthur at 2:36 PM on September 13, 2011

Call those bastards and demand that they explain it to you. You're a customer. They owe you that.
posted by IAmBroom at 7:05 PM on September 13, 2011

They'll report to the credit agencies regardless of your choices.

You can try calling and asking them to explain, but I'm not sure how much you'll get out of the interaction. I think all banks are required to send out a notice like this now, since I have received similar notices from every bank that I have an account with.
posted by vegetableagony at 8:53 AM on September 23, 2011