Complaint / Review
Citibank, Citigroup
Citibank raises rates on my platinum select credit card

As the times are dictating we are having to maintain a balance on our credit card. I've been with Citibank for about 18 years since i was in college.

I've always paid and have an excellent (760) credit score. However, now that Citibank is in trouble and they see i'm having to float a balance, they are now seizing on this moment to raise my rates, almost double from, 7.9% to 14.99%.

I'm shocked, dismayed and doing everything i can to close to account and pay off the balance. They are part of the problem in this economy and when they begin to do this it spells trouble for everyone.

The ripple effect from all of this will be completely negative and I can only hope as a company they fail and go under.

I'm very disappointed in this and see it as another opportunity for the big corporation to prey on the small and weak.