Vision Credit Education, Inc.

For years, Sears allowed cardholders to apply additional payments toward future billing cycles. This helped cardholders prevent running short in lean months as long as they had paid extra the previous month. Ever since Citigroup’s purchase of the Sears credit card portfolio in November of 2003, this policy has remained the same. Citi has now changed the policy. Read the rest of this entry »

More and more credit cardholders are reporting that they have experienced interest rate increases on their credit cards in the second half of 2008. In many cases, this is due to no specific fault of their own. The reason is that universal default is making a comeback. Read the rest of this entry »

Citibank has begun sending notices to Citi cardholders that have not experienced a rate increase within the past 2 years. This rate increase has been anywhere from 2-4 percentage points. Read the rest of this entry »