Citi Dividend Rate Jack

[cowb0ysfan]

I just received a letter from Citi stating new changes to account agreement. Bottom line if I'm reading this correctly...my APR is going from 7.24% to 24.99%

I find this hilarious...to raise the APR more than 3 times the original rate is just out of control. I always PIF anyway but in this case it's just pure principle.

Anybody else out there get this letter, or are they just mad at me for not letting them make a dime of interest from me over the years?

[NightStar]

That is terrible, I have been hearing people reporting this month all kinds of rate jacks. They are trying to catch people using the credit cards for balances carrying over month to month.

Remember them credit card changes are still yet to go into affect. I heard on the news that congress is trying to push up the deadline from end of Feburary to begining of December. I hope they do, by then the credit cards will have raised everyone's rate up to over 25 to 30 percent.

[realmedia]

my apr 29.99 wow. i don't care i always paid in full but this is crazy .....
crazy citi.then have too much fin problems and unfortunately unprofessionally raised aprs to customers who make for them profit.customers cant be equal in credit industry and cant be pressured same way.
i allways spend this card before but not now.yearly aproximetly 12000-15000 for all purpose.
citi think who win and who lost? now not more than 50-100 for gas and pay before statement cutting date.no more pennies to credit issuers who did business like that.

[AJ]

My Diamond still remains at 5.20 no notice is forth coming

[hdporter]

I'm not faring as well as you, AJ ... my Diamond is 6.24%.

However, DW was jacked to 29.99% on a Citi card on which she's been paying off a "0% for life" balance. $4600 orig balance as of 4/07 is now $1750. Guess 30 mo = "Life" in Citi's book

Rate jack doesn't impact her promo rate (so long as payments are timely.)