Citi Cards Interest Rate Hike CNN Anderson Cooper CitiHike Rate Jacking

http://www.creditmattersblog.com/2008/12/cnn-interview-reaction-comments.html

Citibank coverage -- in one place
http://www.creditmattersblog.com/2008/12/all-in-one-place-citibank-coverage.html

Category:

News & Politics

Tags:

• cnn
• anderson
• cooper
• citi
• interest
• rate
• hike
• apr
• 14.99%
• jacking
• credit
• card
• citihike

[jimblackburn21]

Same here, roughly 13 yrs, never a late payment. Jacked my rate (or wanted to) to 29+%.! They told me to "take it or leave it." I picked "leave it" and closed my account. It is extortion. Any class action lawsuit lawyers out there!

[bahdah1234]

my credit card rates from my citi bank cards went up to over 30%. im lucky i had enough money to pay them off and close the accounts.i recently read that citi bank was boasting over highest profits since 2007. this will be a short lived success if consumers cant keep up with the jacked interest rates.

[saintveil]

This happened in Mexico years back and Citizens just walked away from the debt, told them to shove it.

[froggyalley]

Tax them suckers on their excess profits!!!! Wwe bail them out and this is how they say thanks.

Once upon a time our interest was tax deductible...let's try that for a while!

[jaysmic24]

citi sent me opt out letter saying my rate will go from 9.99 to27.00%. when i called they basically slammed the door in my face..i never paid late. when i finally paid it down to zero,i called to close my account..their "account supvsr" tried to kiss my a** to stay..then i slammed the door on HER FACE.

[alleystang2000]

I have been a loyal customer for several years, never missed a payment, never went over my limit, etc.

My rate went up from 8.99 to 14.99. Unfortunately I have a hefty balance on my account, so I cannot pay it off right now.

I did cancel my account though, that's about all I can do. I'm so mad right now. But I know people who's rate went up more than mine.

[mycarishome]

Yeah they just jacked up my rate like crazy for NO reason. My account's in perfect standing too. Well, until they hiked it up, put it a little over the limit, but that has been paid. Still, I had to pay a lot more than my usual $40 a month, more like $150 this month because of their rate hike that I was not notified of.

[icouldsewdothat]

Citi just rate jacked my cards. Never late, never over the limit, less than 50% charged on my cards. Im furious. Worse yet, I called to opt out and it still doesnt appear correct online and they wont send me anything in writing. Predatory lending of the worst kind. Im paying of my cards now and will never do business with this company again.