Citibank and Chase Adopt More Consumer Friendly Credit Card Policies

Posted On: March 21, 2007

By Heshan Demel, CardRatings.com Consumer Credit Researcher
Citibank recently announced that they would be eliminating the controversial universal default clause from all of their accounts. At the same time, Citi announced that is also eliminating “any time for any reason” increases to the rates and fees of its customers’ accounts.
Traditionally, credit card issuers have taken the [...]