WSJ Blogs  Real-time commentary and analysis from The Wall
Street Journal The Wallet The Wallet covers the latest personal
finance and investing news and trends  Chase Retracts Unpopular
Monthly Fee on Some Accounts  Journal reporter Jane J. Kim
writes:  J.P. Morgan Chase’s Chase Card Services is backtracking
on a move to implement monthly fees on some cardholders’
accounts.  Starting in January, the company changed the terms on
thousands of cardholders who had taken advantage of certain
promotional offers in recent years. Chase raised their monthly
minimum payments to 5% from 2% of their balance, and charged a
$10 monthly fee.  Chase’s Stephanie Jacobson says the changes
were aimed at customers who had made little progress in paying
down their balances, and affected less one-half of one percent
of its customers.  Now, the bank says it plans to drop the
monthly fee and retroactively credit customers–starting with
their April statements–for the $10 charges they paid in January,
February and March. The minimum