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Established Member
medink
Posts: 12
Registered: ‎02-18-2009

Citi Card - Mastercard

I have a Citi card with a balance of around $1800 with a 7.99% interest rate.  My limit is $8000.  They told me that they are going to up my interest to 14.99% or I can keep the 7.99% but when my card expires at the end of November they will not send me a new card.  I am a good customer that has never been late making payments and I pay over the minimum.  I am keeping the 7.99% but am wondering if I don't pay off the balance before my card expires, will it cause a negative effect on my credit.

Mega Contributor
Creditaddict
Posts: 16,847
Registered: ‎10-23-2007

Re: Citi Card - Mastercard

Citi did this on my moms card and she called and product changed to another card and they gave her a better rate.

just call them and ask them to give you your rate back and if they say no, ask about product change to lower apr. 

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200
Established Contributor
MojaveMoon
Posts: 525
Registered: ‎08-26-2008

Re: Citi Card - Mastercard

[ Edited ]

Creditaddict wrote:

Citi did this on my moms card and she called and product changed to another card and they gave her a better rate.

just call them and ask them to give you your rate back and if they say no, ask about product change to lower apr. 



I wouldn't have guessed that this were possible, but someone not only was able to do what you said but that person was also able to convert to a discontinued card.


"Now, of course, I was interested as well. I had been thinking about converting my card anyhow and now I had the perfect excuse. I called Citibank and converted my card into something that is no longer offered on the Citi Web site (the Dividend MasterCard). I knew, though, that this card was well known, back in the day, for offering low rates. I chose my new card. This week I received my new card. Did it retain my rate-jacked APR? Nope. My new card now has a rate of less than 10%."
Message Edited by MojaveMoon on 03-15-2009 09:58 PM
Mega Contributor
Creditaddict
Posts: 16,847
Registered: ‎10-23-2007

Re: Citi Card - Mastercard

have you called? do you have an update for us?
Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200

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