Comments on: Up, Up, And Away – Check Your Credit Card Statement!

By: Andy @ Retire at 40

Andy @ Retire at 40 — Sun, 07 Dec 2008 19:29:16 +0000

Good points. I still don’t understand why people might not actually read the letters they get in the post. Usually it takes somewhere between 5 and 10 seconds but that’s time well spent.

By: Commission report

Commission report — Sun, 07 Dec 2008 11:54:53 +0000

It has no effect on us, since we’ve never carried a balance, but it’s tough sledding for those that do.
commissionblueprintreport.com

By: Commission report

Commission report — Sun, 07 Dec 2008 11:53:42 +0000

It has no effect on us, since we’ve never carried a balance, but it’s tough sledding for those that do.

By: PennyScraper

PennyScraper — Wed, 03 Dec 2008 00:05:04 +0000

They have also changed both my credit limit and rate.If the same thing happens to you, I have offered some strategies to deal with such a situation.

By: Nick

Nick — Tue, 02 Dec 2008 21:15:01 +0000

Those numbers are kind of scary to look at, but if you don’t use cash advances, and pay our bill on time, then there isn’t really much to worry about.

By: Jim

Jim — Tue, 02 Dec 2008 05:48:19 +0000

Well i just got both my Citibank statements Biff B and both rates are changing. Mind you i always pay large sums not just minimum payments and my middle score on my credit report is 728. Luckily i only owe about $2,500 between the 2 so im paying the $500 off right away and shutting it down; the other card with the $2k on it i’m transferring to my chase card that has a 0% apr till may then 8.9. Citibank is going after its customers big time!!!

By: NCN

NCN — Tue, 02 Dec 2008 02:36:10 +0000

@Biff B my bad, didn’t mean to scare you…. glad to hear nothing has changed for you… rock on w/ your debt reduction…

By: Biff B

Biff B — Tue, 02 Dec 2008 01:01:24 +0000

Just checked both of mine since you scared the heck out of me. Both are still the same and I have not received any mail informing me of changes. We had some financial difficulties over the last couple of years and are digging our way out. We have both of these cards. I would have to look into changing to someone else after I worked very hard with both to get the interest rates lowered. I will be keeping a close eye on them.

By: Miss M

Miss M — Mon, 01 Dec 2008 18:39:15 +0000

I received a similar notice from Chase, I don’t recall the exact interest rate but it was significantly higher than it had been. Yet another reminder to not carry a balance.

By: Chris

Chris — Mon, 01 Dec 2008 03:27:48 +0000

What a great post; this is exactly why everyone’s first financial goal should be to pay off their high interest credit cards. When you have a relationship with a company like these, you really are in a hole because they can always change the rates, etc on you and keep you in debt forever. Cut up your cards, or freeze them in a soup can for emergencies only, but stop using them. I agree- the card is only good for emergencies and should be paid off every month.