[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Earth is being Pulled Apart by Crazy Space Weather! Volcanoes go NUTS as Plasma RUNS OUT Gavin, feel free to use this as a campaign ad in 2028. US To Formalize Military Presence in Syria in Deal With al-Qaeda-Linked Govt GOP Rep Introduces Resolution Labeling Free Palestine Slogan as Anti-Semitism Two-thirds of troops who left the military in 2023 were at risk for mental health conditions UK and France abandon plans to recognise Palestinian state at conference Kamala Backs LA Protests After Rioters Attack Federal Officers Netanyahu's ultra-Orthodox partners move ahead with Knesset dissolution plan Former Prime Minister of Ukraine: Zelensky will leave the country Man protesting Paramount ICE raid added to FBI's Most Wanted JUAN O SAVIN- The Plan to Capture America US Manufacturing By State: Who Gains Most From 'Made In America'? Rickards: The Truth About Fort Knox And Gold Leasing Los Angeles Warzone: "Insurrectionist Mobs" Attack Cops, Set Fires, Block 101 Freeway The Attack on the USS Liberty (June 8, 1967) - Speech by Survivor Phillip Tourney At the Revisionist History of War Conference (Video) ‘I Smell CIA/Deep State All Over This’ — RFK Jr. VP Nicole Shanahan Blasts Sanctuary Cities, we see peaceful protests launching in Los Angeles” - Democrat Senator Cory Booke We have no legal framework for designating domestic terror organizations Los Angeles Braces For Another Day Of Chaos As Newsom Pits Marxist Color Revolution Against Trump Admin Methylene Blue Benefits Another Mossad War Crime 80 served arrest warrants at 'cartel afterparty' in South Carolina When Ideas Become Too Dangerous To Platform The silent bloodbath that's tearing through the middle-class Kiev Postponed Exchange With Russia, Leaves Bodies Of 6,000 Slain Ukrainian Troops In Trucks Iranian Intelligence Stole Trove Of Sensitive Israeli Nuclear Files In the USA, the identity of Musk's abuser, who gave him a black eye, was revealed Return of 6,000 Soldiers' Bodies Will Cost Ukraine Extra $2.1Bln Palantir's Secret War: Inside the Plot to Cripple WikiLeaks Digital Prison in the Making?

All is Vanity
See other All is Vanity Articles

Title: Another Strange Day: CitiBank Increased my Rate from 4.99% to 18.99% Today
Source: Here at 4um
URL Source: [None]
Published: Nov 9, 2009
Author: buckeroo
Post Date: 2009-11-09 20:15:34 by buckeroo
Keywords: None
Views: 2413
Comments: 74

I received a letter today from CitiBank about the credit card I have with them. It is a Diamond Rewards Preferred Card (the black stealthy looking one) that has a credit ceiling beyond $25K.

They have changed their rates on my account from 4.99% to 18.99%. I called their HOTLINE and they say I am an excellent customer with an excellent account with excellent credit and there is nothing they can do about it. That within the current business climate, they MUST remain competitive by extending credit to all customers.

Two months ago American Express did the same. And three months ago, Discover Card simply canceled my cards for lack of usage.

I have come to the realization that other than business purposes there is no reason for credit cards. Yet, sometimes I can not use my bank debit card at local restaurants and businesses without fees or outright decline.

I am afraid, that credit consumerism in America is all but over, even for the most responsible of us.

Post Comment   Private Reply   Ignore Thread  

Begin Trace Mode for Comment # 40.

#23. To: buckeroo (#0)

deleted

Eric Stratton  posted on  2009-11-09   21:15:02 ET  Reply   Untrace   Trace   Private Reply  

If you have an existing card, I'm pretty sure that you can reject those changes. They usually send out a "change" notice and in it is almost always (never say never/always) instructions for refusing the changes.

Not sure what happens if you refuse, i.e., do they cancel the card, etc., but I'm thinking that as long as you're credit is good, they wouldn't do that.

From an article here:

freedom4um.com/cgi-bin/readart.cgi?ArtNum=110077

"...For instance, portions of the new law enacted in August require banks to give customers 45-day notice of any changes in an agreement. Consumers can opt out of an impending increase, keeping their card at the lower interest rate, but only until the card expires. After that, they must apply for a new card. They can also avoid the interest hike by closing the account and arranging to pay off the balance at the lower interest rate..."

scrapper2  posted on  2009-11-09   22:05:49 ET  Reply   Untrace   Trace   Private Reply  

#55. To: scrapper2 (#40)

Check out the link in the post just above.

buckeroo  posted on  2009-11-11 01:22:23 ET  Reply   Untrace   Trace   Private Reply  

Top • Page Up • Full Thread • Page Down • Bottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]