So Citibank has been a thorn in my side. They had raised our APR to the default and I couldn't figure out the reason. We paid off all of our credit cards. I had started charging to citibank purely for convenience. Balance was 809 on a $4k cl. Statement hasn't been cut yet. So I emailed them and kindly requested a lower apr than 28.99% (rediculous with 700 credit scores). They emailed me that I had to stay at the default rate for 12 mos (still no reason for the default rate nor when it would be eligible for lowering). I emailed them back and said thank you. A payment has been made as of today for the balance on the account and I will no longer use this card until the apr is lowered. Today I get an email that my account has been restored to a 10.99% interest rate on everything. 
Take that Citicard. Ha ha ha ha ha ha ha. They only have a hold on you if you owe a balance. I love being able to pay stuff off. Why is it important that they lowered it, what if I had an emergency and needed that card (I do have other cards, but a a credit hog now).
Take that Citicard. Ha ha ha ha ha ha ha. They only have a hold on you if you owe a balance. I love being able to pay stuff off. Why is it important that they lowered it, what if I had an emergency and needed that card (I do have other cards, but a a credit hog now).
@missgamecock wrote:
So Citibank has been a thorn in my side. They had raised our APR to the default and I couldn't figure out the reason. We paid off all of our credit cards. I had started charging to citibank purely for convenience. Balance was 809 on a $4k cl. Statement hasn't been cut yet. So I emailed them and kindly requested a lower apr than 28.99% (rediculous with 700 credit scores). They emailed me that I had to stay at the default rate for 12 mos (still no reason for the default rate nor when it would be eligible for lowering). I emailed them back and said thank you. A payment has been made as of today for the balance on the account and I will no longer use this card until the apr is lowered. Today I get an email that my account has been restored to a 10.99% interest rate on everything.
missgamecock, I just posted that same information earlier today about. Here is why:
NOTICE OF CHANGE IN TERMS TO YOUR CITIBANK CARD AGREEMENT FOR THE CHILDREN'S PLACE CREDIT CARD PROGRAM, RIGHT TO OPT OUT AND INFORMATION UPDATE.
THE CHANGES. We are changing your Citibank Card Agreement for The Childre's place Credit Card Program and replacing it with a new one. We have identified below some of the change to your card agreement (listing the title of the new section). For completed details regarding those changes, please review the entire section of your new card agreement.
APRs. this section and the subsections describe the APR: How all your APRs may increase to a default APR if you do not make the minimum payment when due, go over the credit lin, or make payment to us that is not honored; and the effect of APR increases. The default ANNUAL PERCENTAGE RATE is increasing to 28.99%.
So apparently it is not just the citbank store cards. I have upromise account with them at 14.99%. Good thing is that it is paid on time.
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you know that next step is going to be a CLD with a high APR.
