Citi jacking up credit card interest rates

AMERICAblog reader William writes:

I just saw that my Citi Smith Barney visa card is now charging me 15.99% on standard purchases.

Last month my rate was 8.99%.

I just got of the phone with a Citi representative. She said there was a notification that went out with last month’s billing statement, but I didn’t notice anything.

She told me that I could opt back to the 8.99% rate, but that I would not be able to renew my card, when it expires, that the account would close.

They take a big tax payer bailout then they screw their tax paying customers.

I’m fucking livid.
(excuse my language)

More on this problem here.

CyberDisobedience on Substack | @aravosis | Facebook | Instagram | LinkedIn. John Aravosis is the Executive Editor of AMERICAblog, which he founded in 2004. He has a joint law degree (JD) and masters in Foreign Service from Georgetown; and has worked in the US Senate, World Bank, Children's Defense Fund, the United Nations Development Programme, and as a stringer for the Economist. He is a frequent TV pundit, having appeared on the O'Reilly Factor, Hardball, World News Tonight, Nightline, AM Joy & Reliable Sources, among others. John lives in Washington, DC. .

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