Chase Bank raises interest rate after a credit card account was closed, long time customer alleges, is that even allowed?

Can any credit card company raise the interest rate on a credit card after it has been closed and payments are being made on time? This customer claims Chase Bank raised their credit card interest rate on a closed account even though they were never late with their payments.

Don't forget, the Cat Who Ate Chase Bank, the book, coming out in sometime in 2010.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.