I use my American Express due to per cent back on purchases but never leave a balance owing at end of Month.
Also Citti adds a 5% fee of cash transactions which puts the rate at 27.15%.
I see now that Citi Bank is spelled with one t. and home office is in South Dakota. Must have lax banking laws in the state. I also have a Home Depot Commercial Card and think I will cut that up as well. Feels good!
Last week I got a letter from American Express stating that they were going to raise the rate on my card as well as a couple of fees. Since I always pay off the balance before a charge kicks in it won’t effect me. I did find it curious, though.
Also, I keep reading about credit card companies dropping people or cutting their credit, but American Express keeps offering me a fancy gold card. I am sticking with the no annual fee transparent card instead of paying $150 a year for some gold paint on plastic.