Credit Card Interest Rates

Discussion in 'Credit Talk' started by eviljeeba, Apr 30, 2001.

  1. eviljeeba

    eviljeeba Well-Known Member

    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?
  2. Ron

    Ron Well-Known Member

    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.

  3. eviljeeba

    eviljeeba Well-Known Member

    You think I HAVE a good rate now?

    Or, I HAD a good rate until I called.

    I am hoping it was a typo!
  4. Nave

    Nave Well-Known Member

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

    (2) This page has current prime rate:

  5. sam

    sam Well-Known Member

    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.

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