Thread: Credit Card Interest Rates

Had a chat with Citibank the other day and told them I was thinking about leaving.

Of course, they offered to reduce my interest rate.

I am now at a 1.9 plus prime.

When people say that they have a 9.9% interest rate, do they mean its 9.9% TOTAL or 9.9% PLUS prime?

Whats the prime at now, or what has the standard prime rate been for the last few months?

I think you had a good rate with Citibank and they always fall behind to change the prime rate on their credit cards. They changed the prime rate once every three months.


Ron.

You think I HAVE a good rate now?

Or, I HAD a good rate until I called.

I am hoping it was a typo!

Originally posted by eviljeeba
When people say that they have a 9.9% interest rate, do they mean its 9.9% TOTAL or 9.9% PLUS prime?

Whats the prime at now, or what has the standard prime rate been for the last few months?

(1) They mean 9.9% TOTAL, NOT anything to do with prime.

(2) This page has current prime rate:
http://www.forecasts.org/prime.htm

-Dave

citibank's prime rate is slower than the rest of the world.

You have 9.9% effective apr. I've got the same offer from them a few months back. They are very nice folks when you threaten them :)

I think the highest APR i have now is my subprime cap 1 gold at 15.9% apr.