isn't Citi in trouble? aren't the feds helping them out with OUR money?

[AlphaDog]

Hmmm. The last thing I got from Citi was on 11-22, and it was a notice they had increased my credit limit again. I just checked the interest rate, and it's gone down over 2% since the first of the year and is currently sitting at 8.4%. Are they trying to entice me into buying something I can't afford to pay for when the bill comes, and then raise my interest rate? Not gonna happen! I've never carried a balance on that card, and I have no debt. Those of you with higher interest rates might also have mortgages or car payments, which would put you at higher risk for default in today's market. My credit report probably looks like I have money coming in each month and nothing going out. Ha, numbers can be so deceiving.

[Black Landlord]

Just came like 2 days ago, AD. I'm not sure why I'd be singled out-- my credit is top notch, and I always pay my balance in full.

[mikeylikesit]

Banks and CC issuing companies have recently given themselves permission to look at customer activities - not directly involving them - and adjust interest rates for existing customers by using criteria unrelated to their history with the customer.

If you change jobs, have more than an average number of credit inquiries or inquiries from 2nd or 3rd tier lenders or the demographics of your zip code change or your home equity goes upside down, it's all quite arbitrary and clearly unfair to cardholders.

Not to mention that cardholders carrying balances won't be able to transfer those balances elsewhere as easily as they once could. If they think they have you trapped they'll start the interest squeeze and hold your credit history as hostage.

These modern day moneylenders are evil people. :mad2:.