Comments on: Citibank Raises Credit Card Rates – But Not That Much

By: Balance Transfers Helper

Balance Transfers Helper — Thu, 19 Nov 2009 15:38:13 +0000

Scott, This story was in response to an earlier increase, not the present one. You can read more about recent Citibank credit card interest rate increases in other articles.

By: Scott Higby

Scott Higby — Wed, 18 Nov 2009 20:23:43 +0000

Not that much. In last night’s mail I got a notice that my balance was going from 10% to 19.9%. With 30 days notice.

100% increase. Naah, not that much.

By: Pamela

Pamela — Thu, 29 Oct 2009 15:52:46 +0000

Hit them where it hurts. Cancel the card, pay it off, and never do business with them or their side companies again. Write your congressman, write yoru attorney general and let them know of their business ethics. You and I would be charged usury for these rates. After having this card over 20 years, mine was raised to 29.99% even though the libor rate is less than 0.5%(what is used to determine interest rates)So they are getting over 29.5% pure profit. After receiving billions of our tax money in bailout, they turn around and have call centers in India and the Philipines. When I couldn’t understand the malaysian, I was yelled at and told to “listen closer”. So much for the money going to stimulate OUR economy. Write letters, complain loud and long! That’s the only way this company is going to listen.

By: Tomi Manikas

Tomi Manikas — Mon, 27 Jul 2009 15:07:54 +0000

Citibank is raising my rate of 10.24% to 14.99%. 9 months ago, I was notified my rate on my ATT Universal card, owned by Citi was going up 10%. I spoke to a supervisor who switched me to the Citi card with the 10.24%, still an increase by less than what they were trying to get from me. I just received the notice, as someone said due to the “current economic climate” they are changing my terms. I called and spoke to a very nasty rep, who said “take it or leave it”. I asked why, if I’m an “exlempary” cardholder – Citi’s words, I pay early if not on time, more than the minimum, they keep raising my credit line, I keep getting promotional offers from them, are they raising my apr? She said “so opt out”, which I did. This is a Citi bank card, not a retail store card, so there greed is univeersal in their company – or should I say OUR COMPANY as they have our bailout tax dollars in order to pay their obscene bonuses and have their name on a baseball field.

The government’s new bill does NOTHING for we consumers. And that it doesn’t take effect until next year, because the banks needed more time to adjust makes me puke.

By: Mary

Mary — Wed, 22 Jul 2009 19:04:30 +0000

Another comment of Citibank: I am the bill payer at my office and we mailed my boss’s payment 10 days ahead of the due date from california to nevada. Guess when they posted it? A day late. Yeah, right it takes 11 days to go one state away. Yet my parents in Omaha get their mail from me to Nebraska in 3 days. I believe they are also delaying posting of mailed payments.

By: Mary

Mary — Wed, 22 Jul 2009 18:55:03 +0000

Citibank raised my rate from 9% to 24.99% last November. I didnt opt out because I didnt want to have a high debt ratio. Today I get a letter that its going up again to 29.99% because of the “current economic climate”. What?????? expletive expletive. Did they not get a bail out? where is ours?????? And like everyone else I have never been late, my credit score is in the 700’s. I am about it tears. If I close it I lose 5200 credit line of available credit. Why doesnt the new law go into effect immediately? This just allows companies to raise rates exorbitantly before the law goes into effect!

By: Jenny

Jenny — Wed, 22 Jul 2009 02:36:51 +0000

Talk about GREED. They shouldn’t be able to raise your rate more than 2% a year.. unless you default. I am not going to do business with them again.

By: Citibank Raises Interest Rates A Lot

Citibank Raises Interest Rates A Lot — Tue, 21 Jul 2009 21:48:49 +0000

[...] Citibank Raises Credit Card Rates – But Not That Much Recent Comments [...]

By: Balance Transfers Helper

Balance Transfers Helper — Tue, 21 Jul 2009 21:24:03 +0000

I am in fact the idiot who wrote this. At the time, Citi was rasing rates on a very limited number of cards and on a small number of offers. I have just begun hearing complaints from people that are similar to yours.

By: Andy

Andy — Tue, 21 Jul 2009 11:12:50 +0000

Whoever wrote this article is an idiot. My interest rate just shot from 9.9% to 29.9% with the option to opt out. I considering opting out of paying them too. I’m in such a bad position already, they couldn’t get anything out of me if they tried.

By: Balance Transfers Helper

Balance Transfers Helper — Mon, 20 Jul 2009 15:32:20 +0000

It seems Citibank has starting raising rates, as a lot of complaints just pored in this weekend. Opting out is only option here, though I would recommend opening a new account with a different credit card company to help out your credit score and give you access to credit.