Anyone getting their APR jacked up?

[HAL 9000 96]

Looks like its time to call them and give them the balance transfer ultimatum. And keep the account open just to remind them if they don't want to keep my APR where it is (Citibank).

They want to play greedy, they will lose any interest on whatever balance I keep with them.

[w¡n9Nµ7 §£@¥€r 123]

I don't pay attention, I always pay in full anywya.

[HAL 9000 96]

The balance is less than 1K on that account, and the payments are always on time and more than the minimum.

And I hear its also going up for $0 balances...

[w¡n9Nµ7 §£@¥€r 123]

Interest on 0 is 0 no matter how high the rate is.

[HAL 9000 96]

Yeah, next customer please.

[AlHayatZween 2]

i thought they weren't allowed to jack up rates like that anymore?

[w¡n9Nµ7 §£@¥€r 123]

i thought they weren't allowed to jack up rates like that anymore?

They're required to provide more notice.

[lgg 2]

Uh... did you say 29.99% ####### kind of nutbag rate is that???

holy #######....

I'd just cut that card up if I were you...

[SMOKE 1,426]

#######? i don't have a card w/ a rate higher than 7.99%

[Kang Lang 7]

Citibank announced it is doing massive credit account closures as well for their Mastercards. Apparently they sent letters to people last Monday and by Wednesday the accounts were closed. msn has an article about it on their homepage.

[mawilson 2,133]

Citibank announced it is doing massive credit account closures as well for their Mastercards. Apparently they sent letters to people last Monday and by Wednesday the accounts were closed. msn has an article about it on their homepage.

Strange. Citi just increased my credit line and lowered the APR.

Chase, on the other hand...

[Niels Bohr 72]

Looks like it'll be tougher to get credit card. Is that the case MaWilson?

[HAL 9000 96]

i thought they weren't allowed to jack up rates like that anymore?

They sent me a letter. Citibank (World MC- for the AA miles). I did read an article a couple of days ago that of the major players, only Discover pledged not to raise rates like this while the consumer protection law went into effect.

Uh... did you say 29.99% ####### kind of nutbag rate is that???

holy #######....

I'd just cut that card up if I were you...

I'll be calling them when I get home today from lab. In my nice Customer Service voice. They'll either earn my loyalty or mainly provide me with available credit (with no usage from me), not actual credit.

[mawilson 2,133]

Looks like it'll be tougher to get credit card. Is that the case MaWilson?

I don't know, what card are you applying for? What's your credit score?

[HAL 9000 96]

Citibank announced it is doing massive credit account closures as well for their Mastercards. Apparently they sent letters to people last Monday and by Wednesday the accounts were closed. msn has an article about it on their homepage.

Yes... their gas cards I read specifically. We'll see about non-oil cards. They do give the option to opt-out and voluntarily pay down the balance but I won't even give them that satisfaction and in the end, they'll be losing a revenue source unless they don't decide to treat a premium customer with some more respect.

BA just upgraded me and lowered my APR- as did Discover. Go figure.