[Revelation 911]

Citibank's credit-card terms change implies a willingness to accept and even provoke a complete and intentional destruction of their credit card business as a very high probability outcome, given that nobody in their right mind will accept a 30% interest rate who has an alternative. The obvious implication is that only those who can't transfer balances out will remain and if your credit is that impaired there's a good chance you will default - either intentionally or otherwise. This too implies foreknowledge of a near-complete impending freeze in the credit markets.

I called this week - we have a stellar rating and the rate is still going up - the operator blamed it on the govt...though couldnt cite anything specific. Fortunately, we pay off our balance each month in full.... but will be cancelling soon

[dalereed]

“we have a stellar rating and the rate is still going up “

If you pay your credit card bill every month why do you care what interest rate they charge?

I usually charge around $4,000/month on mine but pay it off as soon as the statement is available on line.

I have no idea what mine charges and don’t give a damn!

I’ve never paid interest for anything in my life including my airplane except for the mortgage on my first home that has been paid off for over 20 years.