Citibank Rate Hike

Discussion in 'Credit Talk' started by courtney, Sep 23, 2003.

  1. courtney

    courtney Active Member

    I just received my Citibank statement and they are raising my rate due to "performance on the account." I Have never been late or missed a payment on this or any other account. Can they do this? It's going up to around 23.00%!
  2. thetravele

    thetravele Well-Known Member

    They probably checked your CR and found somethng they didn't like.

    On the flip side, they are doing mini-jacks on everyone.
  3. Hedwig

    Hedwig Well-Known Member

    Call them and ask why, and what credit report they used. Try to get your negatives fixed, then send them the clean-up report and ask for a reconsideration.
  4. jlynn

    jlynn Well-Known Member

    Wow 23% is their default rate. I would know, I'm still there :(

    I would contact them immediately and find out exactly why. You are also entitled to a free report from whomever they pulled because this is an adverse action.
  5. sam

    sam Well-Known Member

    you can owe $25000 okay.

    its cool as long as its on their card.

    if you take that $25K debt and spread it on a bunch of 0% cards, thats Poor Performance/High risk.

    thats how citi see's it.

    learn the amex business credit way.

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