Comments on: A Look At The NY Times Editorial On The Credit Card Industry’s Practices http://yourfinishrichplan.com/blog/2008/03/31/a-look-at-the-ny-times-editorial-on-the-credit-card-industrys-practices/ Where we put the emphasis on the personal in personal finance Thu, 04 Dec 2008 17:45:32 +0000 http://wordpress.org/?v=2.6.2 By: Cranky_Old_Batt http://yourfinishrichplan.com/blog/2008/03/31/a-look-at-the-ny-times-editorial-on-the-credit-card-industrys-practices/#comment-1166 Cranky_Old_Batt Thu, 19 Jun 2008 01:26:21 +0000 http://yourfinishrichplan.com/blog/2008/03/31/a-look-at-the-ny-times-editorial-on-the-credit-card-industrys-practices/#comment-1166 Well thanks for posting the link to this on Alpha Consumer. This certainly explains why Citibank gave me a 1.99% promotional rate when I called to close the account only to turn around a month later and raise my standard purchase rate from 8.74% to 13.99%. Opted out and the account is closed. But its okay because I have hated the credit card companies and their shenanigans for quite a while. Sheesh, I thought I was doing the right thing by paying on time (early, actually), more than the minimum due and not taking on any new debt. Citibank has a different view. Debtor beware. Well thanks for posting the link to this on Alpha Consumer.

This certainly explains why Citibank gave me a 1.99% promotional rate when I called to close the account only to turn around a month later and raise my standard purchase rate from 8.74% to 13.99%.

Opted out and the account is closed.

But its okay because I have hated the credit card companies and their shenanigans for quite a while. Sheesh, I thought I was doing the right thing by paying on time (early, actually), more than the minimum due and not taking on any new debt. Citibank has a different view. Debtor beware.

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