They changed my rate to prime+4%, with no reason "We changed everyone's rates". Only way i can keep my old rate is to close the account. big FU to citibank on that one. Guess i'll play the BT shuffle to keep my apr's down. Anyone else notice their citibank platinum select rate gump up to 9%??
Did they give a more specific reason? AFAIK, you're the only non-employee who ever got Prime+0.9%. Maybe they've de-priced your accout because of that. Did you give "R" a call? Saar
BT IT GONE...use it only for ONE purchase of $5.00 at the gas station every 6 months... Keep it EMPTY and just use it for "DEBT TO CREDIT LIMIT RATIO"
Citibank raised my Click Citi from 6.65% to 9.74% with no reason but they lower my Citi Dividend Platinum Select and AT&T Rewards Card to 7.99% fixed. They also give me 5.99% fixed for purchases until April 2003. Ron.
I agree, keep it for small purchases. Closing accounts can have a negative effect on your credit. MBNA raised my rate long before I was having debt problems. What happened is they pulled a report from Equifax, which was reporting my balances as being near 70% of total card usage. If Citi feels your balances are too high, they could use that as a legitimate reason to raise your rate. As far as I know, there have been no across the board increases in Citi's APR. Most likely they are trying to shed accounts or tagged you because of high balances. If that is not the case then I have no clue. Robert ====== Clueless as to why anyone would WANT to be a debt collector.
