Comments on: Credit Card Companies Hiking Rates Before 2010 Changes

By: chelsii

chelsii — Tue, 17 Nov 2009 01:31:58 +0000

Citibank raised my interest rate from 9.99% to 29.99% Thank God my mother was able to help me pay the card off before it went into effect. Yet they still screwed me once I paid them off. They decreased my credit limit from $2,700 to $500. I'm done with credit!

By: chelsii

chelsii — Mon, 16 Nov 2009 17:31:58 +0000

By: Mel

Mel — Wed, 21 Oct 2009 16:43:50 +0000

Citibank just raised interest rates on my husband's two credit cards from 11.24% and 18.99% to 29.99% on both. Hoping I don't get a letter in the mail as well, because I also have one of their credit cards. Absolutely ridiculous. He's never missed a payment…he does carry a balance on both, but he always pays more than the minimum payment. It is unfortunate that so many credit card companies are screwing over their customers.

By: Tristan

Tristan — Mon, 19 Oct 2009 22:03:30 +0000

So, I'm not the only one. I've received notices recently from Etrade and Chase banks that my rates are doubling. I'm pissed, because I make all my payments on time, and have a good overal debt-to-income ratio.

By: Credit Card Chaser

Credit Card Chaser — Mon, 12 Oct 2009 23:14:03 +0000

Very good advice. In fact, Wells Fargo recently announced that they will be hiking credit card interest rates 3%: http://www.creditcardchaser.com/wells-fargo-exp...