Citibank, Citigroup
Rate Raised From 7.9 to 14.99 Percent After 18 Years

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 and dismayed, and I'm doing everything I can to close the 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 that 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.

Company: Citibank, Citigroup
Country: USA
State: South Dakota
City: Sioux Falls
Phone: 8009505114
Site: citibank.com

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