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

Established Contributor

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

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?
2 REPLIES
Senior Contributor

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

So your effective rate is still 0%!!!

 

Smiley Happy

 

 

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Senior Contributor

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

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.