Chase Bank Forgiving Debt Of Their Canadian Credit Card Holders

Move follows decision to exit Canadian credit card market.

Canadian holders of Chase Bank credit cards will have their outstanding debt balance forgiven.

Chase Bank – based in New York – is exiting the Canadian credit card market after 13 years.

All debt up to June will be wiped out, as the company takes the loss in order to facilitate a faster exit from Canada.

The bank has not said the value of the debt being forgiven.

Spencer Fernando

Photo – YouTube

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Why would Chase abandon that money to get out of Canada so fast right before an election here?