Posted on 11/18/2009 2:30:03 PM PST by GRRRRR
So, I'm sure many of us have been getting these letters, see the URL for an example, in the mail from our credit card companies. Since my wife passed away, I've been able to pay off all of them and now have just one card with CitiBank that I use and now pay off each month. I like it because I get airline miles on it and I've had the account for over 20 years.
Citibank took $300BILLION of tax payer bail out money and have tried to jack up my rates twice since July. The first time, I called them and actually got them to drop my interest rate to 14.24%.
This time, I called them and told them that since they had taken so much in bail out money from the taxpayers that they had no right to jack up interest rates again...
I got passed along to an 'Account Specialist' and I read him the riot act again...
He wound up giving me a new rate of 14.44% from 2/10 to 7/10. Since I now pay off the balance every month, I'll actually be paying NO interest rate.
The moral of the story: DO NOT TAKE THIS LAYING DOWN. You can either cancel the card or call them and DEMAND a better rate for at least a little while longer. This can give you time to pay it off or find a better deal.
He told me that they HAD to raise rates so Citi could continue to provide credit...!HA! It REALLY burned him when I mentioned the $300BILLION bail out and asked him if pissing off customers was good for business!!
G
It’s not just Citibank. Discover and JPM Chase, which also took TARP funds, are also hiking customer interest rates.
A better option would be to close the Citibank account, and open a new card account at a local bank that offers one. Often a lower interest rate, and likely took no bailout funds.
See? Citibank is owned by Rockefeller, and Rockefeller is one of the New World Order people controlling Obama while he ruins the United States.
What happened here is the thief (Rockefeller), who was already very wealthy, stole $300 billion from us. Satan and the flesh are never satisfied. They always want more. And more. And more.
I think they’re using most of the money to call me. It seems to have become very important that I buy their insurance, even though mine is better. We’re averaging like 3 calls a day from these pinheads.
They can’t hike interest rates on money you don’t borrow. Cut the cards, screw the miles.
SnakeDoc
Let’s see if I understand the math correctly....
if I want to LOAN the bank money, they’ll give me 1% return on a CD;
but if I BORROW from the bank on a credit card, it costs me 30%?
Do I have it right?
Sorry - Rockefellers own Chase Manhatten Bank. The only Rockefeller connectionI can find to Citibank is; “In 1952, James Stillman Rockefeller was elected president and then chairman in 1959, serving until 1967. Stillman was a direct descendant of the Rockefeller family through the William Rockefeller (the brother of John D.) branch. In 1960, his second cousin, David Rockefeller, became president of Chase Manhattan Bank, National City’s long-time New York rival for dominance in the banking industry in America.[citation needed]” from Wickipedia.
While I’m on the subject, though, check the organizations the Rockefellers are in:
The Council on Foreign Relations - David, David Jr., Nelson, John D. 3rd, John D. IV (Jay), Peggy Dulany, Rockefeller Foundation, Rockefeller Brothers Fund.
The Trilateral Commission - David, Rockefeller Brothers Fund.
The Bilderberg Group - David, John D. IV.
The Asia Society - John D. 3rd, John D. IV, Charles, David.
The Population Council - John D. 3rd.
The Council of the Americas - David.
The Group of Thirty - The Rockefeller Foundation.
The World Economic Forum - David.
The Brookings Institution - Junior.
The Peterson Institute (Formerly the Institute for International Economics) - David.
The International Executive Service Corps - David.
The Institute for Pacific Relations - Junior.
The League of Nations - Junior.
The United Nations - Junior, John D. 3rd, Nelson, David, Peggy Dulany, Rockefeller Brothers Fund.
The United Nations Association - David.
[edit]
Let’s see. As of today their rate paid to interest checking and savings accounts is .1% to .3% for up to $50,000.
That is “point three percent”!
They will pay special savers all the way to .5% for $50,000 to $100,000. Again that’s point five percent. That would be about $45 a month APY. Wow!
They sure know how to make money, don’t they?
Only if you pay on time. If you are late, the rates can go up to 80% or 90%.
Might as well go borrow money from a Vegas Loan Shark.
I’ve banked with my bank over 20 years. I have over $20K in an int bearing checking account, a sizable savings, a few CD’s and a small business account.
They sent me a letter out of the blue raising my credit card rate substantially. I’ve never been late and don’t carry high balances.
I marched down to the bank and closed all my accounts. They tried to keep me and asked why I’d do such a thing and I just showed them their letter. I told them I’d rather lose money than be taken advantage of.
I haven’t been hit yet, but I keep waiting. Damn them and the politicians to hell.
Regarding your Air miles: If you have Safeway grocery store in your area, check this out. Through their program. my wife has accumulated 17,527 miles. I have 19,652 miles. No charge card involved. Although, it is restricted to Alaska Airlines.
I don’t fly well and need O2 when I do, so they just build up. I might use them someday.
LOL
Use them for the next Tea PArty. I hear they are all the rage.
I wish there was a way that I could give them away.....
Which Rockefeller owns Citibank? How many shares does he/she own? How do you know this?
Which Rockefeller owns Citibank? How many shares does he/she own? How do you know this?
You have that right. Might be time for a "freeperCreditUnion" - pay 3% charge 9%... and profits divided between "members"...
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