Comments on: Citibank Change in Cardholder Terms, Rate Increase, and Opt-Out Notice http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/ feeding your credit card addiction... Sun, 07 Mar 2010 21:51:18 -0500 http://wordpress.org/?v=abc hourly 1 By: Colin Larter http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2178 Colin Larter Thu, 04 Feb 2010 18:29:07 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2178 Thought you in US might be interested to know what Citi Card are doing in UK. I have had my account from the days of The Associates and just received a letter from Citi stating my credit limit has been reduced from £17,000 to £1,000! and I don't owe them a penny. They may not be making money out of me now but have made plenty in the past. I guess the long haul has gone. Bye bye Citi, I look forward to reading of your demise. Thought you in US might be interested to know what Citi Card are doing in UK. I have had my account from the days of The Associates and just received a letter from Citi stating my credit limit has been reduced from £17,000 to £1,000! and I don’t owe them a penny. They may not be making money out of me now but have made plenty in the past. I guess the long haul has gone. Bye bye Citi, I look forward to reading of your demise.

]]> By: Dave http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2154 Dave Sat, 16 Jan 2010 21:37:50 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2154 For those who think we "got ourselves into this," we did use the credit made available to us on terms that were given to us at the time. Think of it this way. You are a man, and you marry some broad who likes you because you are a regular guy. Then, years into your marriage, you suddenly decide that Perez Hilton or the guy from "Say Yes to the Dress" turns you on and you "out" yourself. Do you think your wife should stick around? Of COURSE not because she married you assuming that you were a man. Same with the credit card companies. They give you credit at a low rate and then jack it up later. Opting out is a perfectly fine solution. For those who think we “got ourselves into this,” we did use the credit made available to us on terms that were given to us at the time. Think of it this way. You are a man, and you marry some broad who likes you because you are a regular guy. Then, years into your marriage, you suddenly decide that Perez Hilton or the guy from “Say Yes to the Dress” turns you on and you “out” yourself. Do you think your wife should stick around? Of COURSE not because she married you assuming that you were a man. Same with the credit card companies. They give you credit at a low rate and then jack it up later. Opting out is a perfectly fine solution.

]]> By: Dave http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2152 Dave Sat, 16 Jan 2010 01:58:21 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2152 crdtRSLuTn - What do you mean "got yourself into this?" You mean because we used credit under a set of terms we were given, only to have the rules changed midstream? I have a feeling you don't have two nickels to rub together. Those of us who do resent paying tripled interest rates to pay for possibly people like yourself who could NOT pay your bills. I don't yell or cuss. I got two letters from Citi with interest hike notifications and I just called them and opted out. Is there something you don't like about that? crdtRSLuTn – What do you mean “got yourself into this?” You mean because we used credit under a set of terms we were given, only to have the rules changed midstream?

I have a feeling you don’t have two nickels to rub together. Those of us who do resent paying tripled interest rates to pay for possibly people like yourself who could NOT pay your bills.

I don’t yell or cuss. I got two letters from Citi with interest hike notifications and I just called them and opted out. Is there something you don’t like about that?

]]> By: Temmi http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2150 Temmi Fri, 15 Jan 2010 02:14:22 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2150 Please..................I got myself into this. What did Citi get itself into recently? But with no consequenses! Big Bonuses coming up soon! Tax Payers in a noose to bail them out I agreed to do business with Citi in a respectable manor, not a Mafia-like arrangement. My credit score is 800 plus and always has been. I opened my card with them in 1992 and have had balances and have paid off those balances. They and the other big banks are greedy pigs. I have three homes with one fully paid off. The other two are on track to be paid off in 8 years. I will never be beholding to a Big bank again, unless it's a Credit Union (not for profit). Stick it crdtRSluTn! Stick it Citi! I'm not demanding, screaming, yelling. I'm discusted! I'm choosing to make my choices based on decent standards. Once my current balance is paid off, I will be extremely deligent in all choices where I put my money and / or my business. Go gouge someone and sleep well. Please………………I got myself into this. What did Citi get itself into recently? But with no consequenses! Big Bonuses coming up soon! Tax Payers in a noose to bail them out
I agreed to do business with Citi in a respectable manor, not a Mafia-like arrangement. My credit score is 800 plus and always has been. I opened my card with them in 1992 and have had balances and have paid off those balances. They and the other big banks are greedy pigs. I have three homes with one fully paid off. The other two are on track to be paid off in 8 years. I will never be beholding to a Big bank again, unless it’s a Credit Union (not for profit). Stick it crdtRSluTn! Stick it Citi!
I’m not demanding, screaming, yelling. I’m discusted! I’m choosing to make my choices based on decent standards. Once my current balance is paid off, I will be extremely deligent in all choices where I put my money and / or my business. Go gouge someone and sleep well.

]]> By: crdtRSLuTn http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2146 crdtRSLuTn Thu, 14 Jan 2010 05:34:01 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2146 I KNOW FOR A FACT Citi's clients are upset. what i don't understand is, the arguing, yelling, vulgar language... really DOESN'T help your situation. the way i see it, YOU GOT YOURSELF INTO THIS, now GET YOURSELF OUT or FACE THE CONSEQUENCES. what i find funny is that this whole mentality of "sticking it to the man" helps you out how??? I KNOW FOR A FACT Citi’s clients are upset. what i don’t understand is, the arguing, yelling, vulgar language… really DOESN’T help your situation. the way i see it, YOU GOT YOURSELF INTO THIS, now GET YOURSELF OUT or FACE THE CONSEQUENCES. what i find funny is that this whole mentality of “sticking it to the man” helps you out how???

]]> By: Lynn Cress http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2138 Lynn Cress Fri, 08 Jan 2010 19:59:26 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2138 yesterday I was getting ready to pay my balance on my Sears Gold Mastercard and I noticed my credit limit had been reduced from $2400 to $250!!!!!!!I called and was told "in the last 72 hrs Equifax notified us of a chg in your credit report". I panicked, thinking identity theft, etc. Pulled my Equifax report and it was the same as last month. Only inquiry by Sears was 12/09/09! Called back asked for sprvsr, told the SAME thing!!!Then, she said maybe my report wasn't up-to-date!! I JUST pulled it! My credit report is BETTER now than when I applied, I've paid more than minimum since I got it, and paid-in-full in 11/09 so I would start New Year off right! She told me I'd get a letter in 7-10 business days!!!!!What if I went over b4 I got the letter?? I filed a complaint w/FTC(fair Trade Commission. Know anywhere else I can complain? yesterday I was getting ready to pay my balance on my Sears Gold Mastercard and I noticed my credit limit had been reduced from $2400 to $250!!!!!!!I called and was told “in the last 72 hrs Equifax notified us of a chg in your credit report”. I panicked, thinking identity theft, etc. Pulled my Equifax report and it was the same as last month. Only inquiry by Sears was 12/09/09! Called back asked for sprvsr, told the SAME thing!!!Then, she said maybe my report wasn’t up-to-date!! I JUST pulled it! My credit report is BETTER now than when I applied, I’ve paid more than minimum since I got it, and paid-in-full in 11/09 so I would start New Year off right! She told me I’d get a letter in 7-10 business days!!!!!What if I went over b4 I got the letter?? I filed a complaint w/FTC(fair Trade Commission. Know anywhere else I can complain?

]]> By: cindy http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2134 cindy Wed, 06 Jan 2010 03:46:27 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2134 Here is the dept where you can call to complaint on Change in Term "Office of President Citibank 6053311698 or Jill 6057313434." Here is the dept where you can call to complaint on Change in Term “Office of President Citibank 6053311698 or Jill 6057313434.”

]]> By: gokhan yesilyurt http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2086 gokhan yesilyurt Tue, 17 Nov 2009 01:02:35 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2086 Citibank just made new changes to my account term. APR went from 15% to 30% although we have had excellent credit history :) They must be kidding!!! Anyway I opted it out and will get rid of it once and for all in few months. I already talked to all my friends not to apply to citicard of any type and I will keep complaining... I haven't seen such a crapy finance institution... I hope they will broke... Citibank just made new changes to my account term. APR went from 15% to 30% although we have had excellent credit history :) They must be kidding!!! Anyway I opted it out and will get rid of it once and for all in few months. I already talked to all my friends not to apply to citicard of any type and I will keep complaining… I haven’t seen such a crapy finance institution… I hope they will broke…

]]> By: Eric http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2085 Eric Mon, 16 Nov 2009 18:00:32 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2085 1. Call citibank and ask to speak to a Senior Account Manager. Keep asking to speak to supervisors. The first two supervisor's told me I was ineligible, I then got the Senior Account Manger who set me up on this. 2. Ask to be setup on the "Loan on your card Program" - this will lock in your interest rate at 10.99% on your existing balance, w/ a payment plan for 36, 48, or 60 months. I currently have a balance of $1834.10 and I choose the 36 month plan...my payments will start out at $68.07/month....I can also pay more than this to get the balance down asap - this will at least keep them from charging you the 29.99% interest rate on your current balance when it goes into effect (Mine goes into effect 11/30/09 - The program is designed for you to pay off your balance, NOT to keep the lower interest rate....DO NOT use your card during whatever period you choose or you will have to start paying the higher rate. 3. Write and complain to your state representatives and also to CITI (PO Box 6500, Sioux Falls, SD 57117). Interest Rates this HIGH is unfair to the common consumer w/ good credit. We should not be told by businesses and our national government that Banks are to big to fail.....this is a capitalist country where publicly held companies are responsible to the public....so if these company reps want to rob us, we should hold them liable and convict them....why did ENRON executives get jail and not these people? 1. Call citibank and ask to speak to a Senior Account Manager. Keep asking to speak to supervisors. The first two supervisor’s told me I was ineligible, I then got the Senior Account Manger who set me up on this.
2. Ask to be setup on the “Loan on your card Program”
- this will lock in your interest rate at 10.99% on your existing balance, w/ a payment plan for 36, 48, or 60 months. I currently have a balance of $1834.10 and I choose the 36 month plan…my payments will start out at $68.07/month….I can also pay more than this to get the balance down asap
- this will at least keep them from charging you the 29.99% interest rate on your current balance when it goes into effect (Mine goes into effect 11/30/09
- The program is designed for you to pay off your balance, NOT to keep the lower interest rate….DO NOT use your card during whatever period you choose or you will have to start paying the higher rate.
3. Write and complain to your state representatives and also to CITI (PO Box 6500, Sioux Falls, SD 57117). Interest Rates this HIGH is unfair to the common consumer w/ good credit. We should not be told by businesses and our national government that Banks are to big to fail…..this is a capitalist country where publicly held companies are responsible to the public….so if these company reps want to rob us, we should hold them liable and convict them….why did ENRON executives get jail and not these people?

]]> By: Mike http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/comment-page-3/#comment-2081 Mike Wed, 11 Nov 2009 02:33:35 +0000 http://www.creditaddict.com/archives/citibank-change-in-cardholder-terms-rate-increase-and-opt-out-notice/#comment-2081 I just opted out, and I can use my card until 2012 expiration date. I have had this card for 21 years, occasionally carry a balance, but usually pay it off monthly. Citibank deserves to go under, 19.99% on a good customer of over 21 years, they are worse than loan sharks. Citibank makes between 2 & 3% on average on every purchase as that is what the charge the vendors who accept your cards. Citibank screwed themselves as they gave out cards too readily and now the deadbeats are not paying so they are sticking it to the good paying cardholders. Well fuck them! I just opted out, and I can use my card until 2012 expiration date. I have had this card for 21 years, occasionally carry a balance, but usually pay it off monthly. Citibank deserves to go under, 19.99% on a good customer of over 21 years, they are worse than loan sharks. Citibank makes between 2 & 3% on average on every purchase as that is what the charge the vendors who accept your cards. Citibank screwed themselves as they gave out cards too readily and now the deadbeats are not paying so they are sticking it to the good paying cardholders. Well fuck them!

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