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?
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. Ron.
(1) They mean 9.9% TOTAL, NOT anything to do with prime. (2) This page has current prime rate: http://www.forecasts.org/prime.htm -Dave
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.
