Chase cancels Canadian customers credit card debt

Chase Bank announced on Thursday that they will forgive all outstanding debt for Canadian customers who had one of their two VISA cards.

The move was a business decision to facilitate the bank's exit when it wound up its credit cards, which it withdrew last year after 13 years of operation, Maria Martinez, vice president of communications for Chase Card Services, told NBC News.

“Chase made the decision to leave the Canadian credit card market. As part of the exit, all credit card accounts were closed before or in March 2018, "she said in a statement.

Initially, customers were told to continue paying on accounts after the credit card operation ceased. But this week, Canadians had Amazon. ca Rewards Visa and Marriott Premier Rewards Visa, their balance went to zero.

The bank did not immediately respond to a request for comment on how many customers were affected or how much debt it wrote off.

Douglas Turner of Coe Hill , Ontario, told the Canadian Broadcasting Corporation he "couldn't believe it" when he found that his $ 61[ads1]57 balance was wiped clean.

"I was like over the moon last night, with a smile on my face," he said

While it was a welcome surprise for Canadians who still owed Chase money, many debtors in the United States could not help feeling a little envious. [19659009] @Chase You can forgive some your card debts too? I'm not Canadian, but I love our neighbors in the north!

– Stefanie (@Jeevescool) August 9, 2019