Comments on: Citibank (NYSE: C) To Raise Credit Card Rates, Offer “Rolling Refund” Arrangement

By: Kasu

Kasu — Mon, 02 Nov 2009 08:54:24 +0000

Where did you find the 7.35% rate? I also got the letter and I am going to cancel my credit card.

By: upyours1

upyours1 — Tue, 27 Oct 2009 16:41:09 +0000

I'm no Obama fan and didn't vote for him but I just can't resist asking the guy above if he REALLY believes these bailouts wouldn't have happened under McCain.

By: Name

Name — Mon, 26 Oct 2009 01:51:29 +0000

Thank you Pres Obama and Congress. The road to hell for the American public is paved on bailouts, useless reforms, and hype that sounds good but does nothing but harm. Thus far, reforms like that regarding credit card companies have only proven to hurt the taxpayer. The same taxpayers who are paying for the bailouts. Gee, thanks Mr. President, you're the best. Next time you think that you're helping the American public, stop….you've done enough. As for Citibank, Chase, Bank of America, and any other card issuers who choose to bend over the credit conscience public, loyalty does matter and you will lose it.

By: Martin

Martin — Sat, 24 Oct 2009 09:38:04 +0000

A sign of an impending credit issue?

By: Tweets that mention Citibank (NYSE: C) To Raise Credit Card Rates, Offer “Rolling Refund” Arrangement - American Banking News -- Topsy.com

Fri, 23 Oct 2009 05:38:46 +0000

[...] This post was mentioned on Twitter by B. Davis and Kalle Tillemann, Rebate Discounts. Rebate Discounts said: Citibank (NYSE: C) To Raise Credit Card Rates, Offer “Rolling Refund” Arrangement http://bit.ly/1sJqOU [...]

By: Name

Name — Fri, 23 Oct 2009 00:19:44 +0000

I got this letter in the mail and was totally appalled. Not only was I a Citibank cardholder since 1992, but I have a zero balance, excellent credit and made the payments on time. This makes no sense for the people that are paying on time – another example of making consumers fund the people that can't pay their bills and funding the CEO's $2.5m “bonus” that is intended to off-set his taxes. What a horrible thing to do for those forced to live off of credit cards because they lost their jobs. They will never get out of this hole. I say cancel your card if you can and see where Citibank ends up when all the people with excellent credit and are making the payments go somewhere else. Shop around – I did, and found a locked rate of 7.35%APR. They have obviously lost focused on the power fo customer satisfaction.