Comments on: Why Did Citi Raise My Credit Card’s Interest Rate? http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/ our rants and raves about credit card and financial news... Sun, 12 Feb 2012 19:01:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ollie kronk http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3868 ollie kronk Wed, 03 Feb 2010 14:29:35 +0000 http://creditcardforum.com/blog/?p=537#comment-3868 i too had my rate changed from 7.740 to 29.99. I have filed a complaint on them with OCC.gov, (office of the comptroler of currancy as was given on Clark HOward show. the web site is occ.gov then file complaint. they are ligament. I had perfect credit like most of you however they advised me to close account which in turn would lower my credt score. like most was never late mostly early never over limit, but was advised hadto raise rates to continue offering credit. If close account goes against credit. i too had my rate changed from 7.740 to 29.99.
I have filed a complaint on them with OCC.gov, (office of the comptroler of currancy as was given on Clark HOward show. the web site is occ.gov then file complaint. they are ligament. I had perfect credit like most of you however they advised me to close account which in turn would lower my credt score. like most was never late mostly early never over limit, but was advised hadto raise rates to continue offering credit. If close account goes against credit.

]]> By: Cathy T. http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3867 Cathy T. Mon, 30 Nov 2009 20:35:01 +0000 http://creditcardforum.com/blog/?p=537#comment-3867 I thought it was unfair as I have a perfect record with Citi Bank. Had very large credit limits on 3 cards with only one with a balance. They notified me they were raising my APR from 7.99 to 15.99%. I had several medical bills that topped 20K I had put on the card just prior to the first raise in my APR. I was paying it off rather quickly despite the 1st hike. I just got notice they are now raising my card to $29.99%. This has gotten absurd now!! Cleaned out most of my savings and paid them in full and just mailed my certified letters to close out all of my Citi Bank Cards including Home Depot and Sears. If everyone that is able to do the same, we could cripple them financially as they are doing to so many now due to the economy. Still blows my mind that they are doing this to all of us that have been excellent customers after all the bailout money I am sure they blew. Never do business with CITI Bank!! I thought it was unfair as I have a perfect record with Citi Bank. Had very large credit limits on 3 cards with only one with a balance. They notified me they were raising my APR from 7.99 to 15.99%. I had several medical bills that topped 20K I had put on the card just prior to the first raise in my APR. I was paying it off rather quickly despite the 1st hike. I just got notice they are now raising my card to $29.99%. This has gotten absurd now!! Cleaned out most of my savings and paid them in full and just mailed my certified letters to close out all of my Citi Bank Cards including Home Depot and Sears.

If everyone that is able to do the same, we could cripple them financially as they are doing to so many now due to the economy. Still blows my mind that they are doing this to all of us that have been excellent customers after all the bailout money I am sure they blew. Never do business with CITI Bank!!

]]> By: Angela http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3866 Angela Mon, 09 Nov 2009 23:52:00 +0000 http://creditcardforum.com/blog/?p=537#comment-3866 I think it's absolutely ridiculous what citi card is doing to the american public. Especially those people who have worked hard to maintain an outstanding credit history and pay their bills on time every month. It's appalling that we are repaid this way after Citi was bailed out from the government. They should have let them sink. I am closing my account and will never have an account with Citi again. I'm hoping others will follow my lead. I think it’s absolutely ridiculous what citi card is doing to the american public. Especially those people who have worked hard to maintain an outstanding credit history and pay their bills on time every month. It’s appalling that we are repaid this way after Citi was bailed out from the government. They should have let them sink. I am closing my account and will never have an account with Citi again. I’m hoping others will follow my lead.

]]> By: Lucy http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3865 Lucy Tue, 29 Sep 2009 20:33:14 +0000 http://creditcardforum.com/blog/?p=537#comment-3865 I just received my statement from Citi and my rate showed 29.99, with no explanation of the rate change from 7.99%. What is going on? I have never been late on this card and just started having a balance. Called Citi and they said I could keep the rate at 7.99 if I "OPT OUT" and have the card closed. Is this legal? My credit rating will go down.... I just received my statement from Citi and my rate showed 29.99, with no explanation of the rate change from 7.99%. What is going on? I have never been late on this card and just started having a balance. Called Citi and they said I could keep the rate at 7.99 if I “OPT OUT” and have the card closed. Is this legal? My credit rating will go down….

]]> By: Kathy M. http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3864 Kathy M. Sat, 18 Jul 2009 19:45:36 +0000 http://creditcardforum.com/blog/?p=537#comment-3864 I was just advised today - that my APR is going from 7.99 to 29.99. I use this card all the time and never have been late on a payment. Plus, I always pay more than the minimum payment. How can this happen - legally? We are all being robbed. I closed the card out immediately. Thanks alot CITI - we will remember this! NO MORE BAILOUTS FOR CITI!!!!!!!!! I was just advised today – that my APR is going from 7.99 to 29.99. I use this card all the time and never have been late on a payment. Plus, I always pay more than the minimum payment. How can this happen – legally? We are all being robbed. I closed the card out immediately. Thanks alot CITI – we will remember this! NO MORE BAILOUTS FOR CITI!!!!!!!!!

]]> By: SGG http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3863 SGG Tue, 14 Jul 2009 08:36:48 +0000 http://creditcardforum.com/blog/?p=537#comment-3863 Citi has way to high of APRs as it is. Citi has way to high of APRs as it is.

]]> By: Danny http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3862 Danny Tue, 14 Jul 2009 06:39:48 +0000 http://creditcardforum.com/blog/?p=537#comment-3862 Did the same thing to me, fortunately I don't use the card. Did the same thing to me, fortunately I don’t use the card.

]]> By: Hugh http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3861 Hugh Thu, 09 Jul 2009 21:12:30 +0000 http://creditcardforum.com/blog/?p=537#comment-3861 As a UK citizen, it boggles my mind the American way of doing business. If you give out handouts the companies should be accountable for them and respect such. As a UK citizen, it boggles my mind the American way of doing business. If you give out handouts the companies should be accountable for them and respect such.

]]> By: Cindy J. http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3860 Cindy J. Thu, 09 Jul 2009 18:29:02 +0000 http://creditcardforum.com/blog/?p=537#comment-3860 I stopped using the Citi Dividend Miles card after they got rid of the 5% cash back on gas, groceries, drugstores. Without it the card is useless. I stopped using the Citi Dividend Miles card after they got rid of the 5% cash back on gas, groceries, drugstores. Without it the card is useless.

]]> By: Stanley http://creditcardforum.com/blog/why-did-citi-raise-my-credit-cards-interest-rate/#comment-3859 Stanley Wed, 08 Jul 2009 18:42:38 +0000 http://creditcardforum.com/blog/?p=537#comment-3859 that is total BS that is total BS

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