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%!
They probably checked your CR and found somethng they didn't like. On the flip side, they are doing mini-jacks on everyone.
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.
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.
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.
