Comments on: Citibank Raising Interest Rates for Some Cardholders http://www.visioncredit.org/citibank-raising-interest-rates-for-some-cardholders/ Your Nonprofit Credit Counseling Organization Sat, 04 Feb 2012 20:07:52 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Maria Ortega http://www.visioncredit.org/citibank-raising-interest-rates-for-some-cardholders/comment-page-1/#comment-9328 Maria Ortega Thu, 19 Nov 2009 17:12:02 +0000 http://www.visioncredit.org/?p=1016#comment-9328 I have been a Citi Bank cardholder for many years and have paid each month on time. Never a a late payment. They have always given me a fairly decent rate until Nov. 17, 2009, I received a letter stating my rate will increase to 19.19%. That almost tripled my current rate. I called and was very nice but they would not lower the rate even a little. I will NEVER EVER do business with Citi again. I have been a Citi Bank cardholder for many years and have paid each month on time. Never a a late payment. They have always given me a fairly decent rate until Nov. 17, 2009, I received a letter stating my rate will increase to 19.19%. That almost tripled my current rate. I called and was very nice but they would not lower the rate even a little. I will NEVER EVER do business with Citi again.

]]> By: Allen Rohr http://www.visioncredit.org/citibank-raising-interest-rates-for-some-cardholders/comment-page-1/#comment-8893 Allen Rohr Sun, 25 Oct 2009 23:14:31 +0000 http://www.visioncredit.org/?p=1016#comment-8893 I just want all of Citibank customers to "remember" these pirates when the economy changes. I know I will. They changed my interest rate from 9.99 to prime + 26.99...good God!!! I opted out and will repay the charges at my original rate, but after being a faithful customer and a good one at that, will NEVER do business with these bums again. I just want all of Citibank customers to “remember” these pirates when the economy changes. I know I will.
They changed my interest rate from 9.99 to prime + 26.99…good God!!!
I opted out and will repay the charges at my original rate, but after being a faithful customer and a good one at that, will NEVER do business with these bums again.

]]> By: JMV http://www.visioncredit.org/citibank-raising-interest-rates-for-some-cardholders/comment-page-1/#comment-2597 JMV Sun, 05 Apr 2009 15:41:56 +0000 http://www.visioncredit.org/?p=1016#comment-2597 I was offered an attractive non-expiring 2.99% balance transfer 2 years ago which I happily accepted, the closing dates of choice was after the 15th which they agreed on, but hell broke loose when they start changing the billing closing dates. I work for a bank and traveled often at the time and I was unable to take a look at the card statements in a timely fashion which made me failed one payment. I contacted them and they gave me million excuses NOT to honor the original 2.99% offered. I was ok, with the 8.99% charged at the time, but a year later, and billions of dollars received in Bail Out money… OUR MONEY… they bumped the rate to 19.99%. I asked them to closed the account and they told me that if I did so, I needed to pay off the full balance within 3 months… talking about predatory practices indeed. My reply to them was, “go ahead, you guys just don’t want to be paid. You are converting a good standing account into a bad debt for your benefit”. My guess is that they are forcing another financial crisis by squeezing tax payers to levels seen never before just to get more money from the Feds. Unfortunately even the bank I work for is incurring in the same predatory practices… the bank received Bail out money as well. And the government? Doing well, thanks. Who cares how much Europeans love Obama, if Obama is not showing love to tax payers… I was offered an attractive non-expiring 2.99% balance transfer 2 years ago which I happily accepted, the closing dates of choice was after the 15th which they agreed on, but hell broke loose when they start changing the billing closing dates.

I work for a bank and traveled often at the time and I was unable to take a look at the card statements in a timely fashion which made me failed one payment. I contacted them and they gave me million excuses NOT to honor the original 2.99% offered. I was ok, with the 8.99% charged at the time, but a year later, and billions of dollars received in Bail Out money… OUR MONEY… they bumped the rate to 19.99%.

I asked them to closed the account and they told me that if I did so, I needed to pay off the full balance within 3 months… talking about predatory practices indeed. My reply to them was, “go ahead, you guys just don’t want to be paid. You are converting a good standing account into a bad debt for your benefit”.

My guess is that they are forcing another financial crisis by squeezing tax payers to levels seen never before just to get more money from the Feds.

Unfortunately even the bank I work for is incurring in the same predatory practices… the bank received Bail out money as well.

And the government? Doing well, thanks. Who cares how much Europeans love Obama, if Obama is not showing love to tax payers…

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