Comments on: Citibank (NYSE: C), Bank of America (NYSE: BAC) and Other Credit Card Issuers Raising Rates to “Clear the Books” of Old Debt? http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/ News and Information about Banks, Credit Unions and Financial Institutions Sun, 14 Mar 2010 20:20:20 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: jessikah6996 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/comment-page-1/#comment-2149 jessikah6996 Thu, 19 Nov 2009 14:47:47 +0000 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/#comment-2149 Yes Citi did this to me. I received a letter saying my rates would be incresed from my current 7.9% to 20.9%. I could choose not to opt into this rate, but if I chose to go to a variable rate my credit card account would be closed once my card expired. I am currently transfering my balance over to another card. I have been with Citi for over 5 years, and they have lost me as a customer. Yes Citi did this to me. I received a letter saying my rates would be incresed from my current 7.9% to 20.9%. I could choose not to opt into this rate, but if I chose to go to a variable rate my credit card account would be closed once my card expired. I am currently transfering my balance over to another card. I have been with Citi for over 5 years, and they have lost me as a customer.

]]> By: citibankcardholder http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/comment-page-1/#comment-1321 citibankcardholder Fri, 30 Oct 2009 13:24:01 +0000 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/#comment-1321 CitiBank did it to me...29.99% and I only had a balance of 600.00 and I have been with them, in good standing, for 8+ years. Your right I could have rejected it...BUT they would have closed my account if I did. CitiBank did it to me…29.99% and I only had a balance of 600.00 and I have been with them, in good standing, for 8+ years. Your right I could have rejected it…BUT they would have closed my account if I did.

]]> By: citibankcardholder http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/comment-page-1/#comment-1320 citibankcardholder Fri, 30 Oct 2009 13:20:24 +0000 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/#comment-1320 CitiBank did it to me...29.99%. the dupa up top is right, I could have rejected it...BUT they would have closed my account if I did. CitiBank did it to me…29.99%. the dupa up top is right, I could have rejected it…BUT they would have closed my account if I did.

]]> By: cowboyjohn http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/comment-page-1/#comment-1295 cowboyjohn Thu, 29 Oct 2009 20:33:50 +0000 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/#comment-1295 pissedoffboaassociate: <br><br>first off...my utmost & deepest sympathy of your employment with Bank of America. A.P. Giannini, the founder of B of A, must be rolling over in his grave due to the way his bank is currently being managed! To him, the customer was always firstmost! pissedoffboaassociate:

first off…my utmost & deepest sympathy of your employment with Bank of America. A.P. Giannini, the founder of B of A, must be rolling over in his grave due to the way his bank is currently being managed! To him, the customer was always firstmost!

]]> By: Tweets that mention Citibank (NYSE: C), Bank of America (NYSE: BAC) and Other Credit Card Issuers Raising Rates to “Clear the Books” of Old Debt? - American Banking News -- Topsy.com http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/comment-page-1/#comment-1284 Tweets that mention Citibank (NYSE: C), Bank of America (NYSE: BAC) and Other Credit Card Issuers Raising Rates to “Clear the Books” of Old Debt? - American Banking News -- Topsy.com Thu, 29 Oct 2009 19:30:28 +0000 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/#comment-1284 [...] This post was mentioned on Twitter by David, B. Davis. B. Davis said: Citibank (NYSE: C), Bank of America (NYSE: BAC) and Other Credit Card Issuers ...: Citibank (NYSE: C), Bank of .. http://bit.ly/2lAk6L [...] [...] This post was mentioned on Twitter by David, B. Davis. B. Davis said: Citibank (NYSE: C), Bank of America (NYSE: BAC) and Other Credit Card Issuers …: Citibank (NYSE: C), Bank of .. http://bit.ly/2lAk6L [...]

]]> By: MatthewDP http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/comment-page-1/#comment-1290 MatthewDP Thu, 29 Oct 2009 18:33:46 +0000 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/#comment-1290 Pissedoffboaasociate,<br><br>Maybe if your company, Citibank and others would actually -talk- to the media and tell them what they're actually doing, there would be some more clarity about your banks actions. Who should a reporter believe? publicly traded, bailed-out banks that consistently say "no comment" or scores of consumers complaining about letters they receive telling them their interest rates are going up? Pissedoffboaasociate,

Maybe if your company, Citibank and others would actually -talk- to the media and tell them what they're actually doing, there would be some more clarity about your banks actions. Who should a reporter believe? publicly traded, bailed-out banks that consistently say “no comment” or scores of consumers complaining about letters they receive telling them their interest rates are going up?

]]> By: laralee http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/comment-page-1/#comment-1289 laralee Thu, 29 Oct 2009 18:28:12 +0000 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/#comment-1289 Pissedoffboaasociate, your language and general written posture is a very, very poor reflection on Bank of America. Have you heard of the "Debtors' Revolt"? It was sparked by a woman who had her interest rate raised, by Bank of America, to 30%, even though she'd never had a late payment or missed a payment. Although BoA was initially unwilling to work with this woman, after she went very public with this information, BoA offered to lower her interest rate to 16.99%. She rejected the offer'. Then they offered to put her interest rate back to its original rate - 12.99%, to which she agreed. Did it really take all that horrible publicity to get the BoA folks to wake up? Banks are generally abusing their customers, and when all is said and done, they will find that they have too few customers left to keep their credit card divisions open. You may want to start looking at alternative careers. Pissedoffboaasociate, your language and general written posture is a very, very poor reflection on Bank of America. Have you heard of the “Debtors' Revolt”? It was sparked by a woman who had her interest rate raised, by Bank of America, to 30%, even though she'd never had a late payment or missed a payment. Although BoA was initially unwilling to work with this woman, after she went very public with this information, BoA offered to lower her interest rate to 16.99%. She rejected the offer'. Then they offered to put her interest rate back to its original rate – 12.99%, to which she agreed. Did it really take all that horrible publicity to get the BoA folks to wake up? Banks are generally abusing their customers, and when all is said and done, they will find that they have too few customers left to keep their credit card divisions open. You may want to start looking at alternative careers.

]]> By: pissedoffboaassociate http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/comment-page-1/#comment-1288 pissedoffboaassociate Thu, 29 Oct 2009 17:57:51 +0000 http://www.americanbankingnews.com/2009/10/29/citibank-nyse-c-bank-of-america-nyse-bac-and-other-credit-card-issuers-raising-rates-to-%e2%80%9cclear-the-books%e2%80%9d-of-old-debt/#comment-1288 I would honestly like to see the facts that support this article! Honestly!! Where are your sources? I work for Bank of Aemrica.. in the credit card department.. and yes it is true that some customers have recieved notification of a pending annual fee which will goo into affect in February of 2010. Key word....SOME... not MANY! Also, did you know the Annual fee Change in Term is 100% rejectable!?? funny I dont see that tid bit of info anywhere in this article! Also, Bank of America, vowed in September, not to raise one single rate between now and the change of legislation ( unless pattern of late payments). So why is our name in the category of banks imposing an interest rate hike! I swear I hate all you news media predators who are picking and choosing which information you want to publish! You are like a bunch of high school gossips spreading a nasty roomer! Just stop! Your making my job even more stressfull than it already is! People believe liars! Unless you have hard core facts to support these bogus speculations, in my eyes you are not credible and very close to being a fraud!! Ya bunch a jerks! I would honestly like to see the facts that support this article! Honestly!! Where are your sources? I work for Bank of Aemrica.. in the credit card department.. and yes it is true that some customers have recieved notification of a pending annual fee which will goo into affect in February of 2010. Key word….SOME… not MANY! Also, did you know the Annual fee Change in Term is 100% rejectable!?? funny I dont see that tid bit of info anywhere in this article! Also, Bank of America, vowed in September, not to raise one single rate between now and the change of legislation ( unless pattern of late payments). So why is our name in the category of banks imposing an interest rate hike! I swear I hate all you news media predators who are picking and choosing which information you want to publish! You are like a bunch of high school gossips spreading a nasty roomer! Just stop! Your making my job even more stressfull than it already is! People believe liars! Unless you have hard core facts to support these bogus speculations, in my eyes you are not credible and very close to being a fraud!! Ya bunch a jerks!

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