A friend of mine brought in a letter from citibank. They jumped his interest rate from 22.99% to 27.25. He had a credit limit with them of $2000 and amount owing of $1950. The reasons they used that they had reviewed his account for renewal. He got his free requested report from equifax. The reasons stated were that he had a collection account, which was satisfied, prior to the time that they approved him for his CC. The other apparent negative was he was 90 days late 3 times in 97 and 98 with Bally. He is currently a Bally member with no moneys owed. Whats up with Citi. Has anyone else had such an irrational decision from them
