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Citigroup to Raise Credit Card Rates

Citigroup is going to  Raise Credit Card Rates even on customers that have raised in 2 years even if the accounts are in good standing citigroup is reserving the right to raise rates at any time

CitiCredit card customer will be notified that the bank is raising their rates when they receive their November statements Citigroup credit card customers will have until the end january to turn down the higher interest rates. if they do they will not be able to use thier cards for new purchases and will be able to paydown the balances at the old rates. Some customers will be paying more then 20% instead of 17% 

http://www.nytimes.com/2008/11/15/business/15citi.html?ref=business

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This entry was posted on Saturday, November 15th, 2008 at 10:52 pm and is filed under credit card rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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