Got the dreaded Citi Diamond Change in terms, but with a deal

[plasticguy]

Not so bad though, In December 2009 rate is going from 5.24% to a Whopping 9.99% I have the right to opt out. However if I accept these terms I can earn interest back by charging $500 or more in purchases. Each month that I do I will receive a credit equal to 10% of my total interest charges on my purchase balance. Since I don't charge more than $500 a month and I always PIF , it doesn't matter anyway

Anyone else get a similar letter?

[Anonymous]

So your effective rate is still 0%!!!

[creditwherecreditisdue]

I have received no such letter and have three open BT offers currently. Purchase APR = 6.99%

You got the velvet touch compared to many others who got squashed.