Posts Tagged ‘credit-cards’
If you have a Citibank credit card you might want to check your next statement or look for a nasty little letter that is appearing in peoples mailboxes. In some cases people are reporting that their rates are being jacked from numbers like 7.95 all the way up to 16.99. It's called rate-jacking and it's exactly what Citibank is doing to it's loyal customers. Merry Christmas.
If you have a Citibank card you have until January to "opt out" of the rate jack and continue to use your card at the lower interest rate until the card expires. At that point your account will be closed and you will have to find a new card.
A word of caution though, if your credit rating is bad or if you are cards are all maxed out or you have no other source for a credit rating like a loan than you might want to think about cancelling your card. If you can find another card or perhaps speak to the customer service department like this guy did in comment number 13.
Good luck and I would love to hear some of your Citibank horror stories.
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The world of credit cards can be overwhelming and confusing for a lot of people. There are just so many choices out there and all of them have different terms, rates and risk and rewards. I recently happened upon a credit card review site that lays out all of the latest credit card offers and rates them so you can make your decision easier. They specialize in helping consumers like you and me in choosing a credit card that is right for us and how to use our credit wisely. The only thing you need to do is to research your new credit card, compare it to other credit cards and then apply for it online. It really simplifies the process.
Each credit card is presented with a description of that card, its introductory rate, regular rate, annual fee and reward type. It is then given a rating based on its benefits us as consumers. Credit cards are also split into categories so that they are easier to find. They are searchable by credit card issuers and by features such as low interest cards or reward type cards. It makes finding a credit card easier than ever.
Stay up to date with credit card information with the blog that brings you the latest in credit card news, humorous insights and shows you the most popular credit cards each week.
How much money do you think you spend each month or each year paying off your bad credit card debt? You would be surprised. I was reading recently that by making the minimum payments or less that then minimum it can take you seven years to pay off two thousand dollars. That's staggering. That money that you are using paying off the interest could be better used.
If you want to save money on your credit card debt the first thing you should be doing is making sure you are paying more than your monthly minimum payment. If you are not making more than the minimum you are just paying down the interest and not lowering the principle. You will never get the debt payed off doing this.
Another tip is to utilize a balance transfer. There area million offers out there for credit cards. It is very competitive and they want your business. If you search hard enough on the internet you will find offers for zero interest rate cards. Just make sure that interest rate at the end of the free term isn't higher than you existing rate, get the new card and use it to pay off you existing high interest rate card. Why pay interest when you don't have to.
Call your credit card company and try to negotiate a better rate. If your credit isn't bad you can always try and talk them into giving you a fairer interest rate. Just tell them that you are thinking about getting another card with a better rate.
Would you like to know how a credit card balance transfer can save you hundreds of dollars from your credit card bills? Do you currently have trouble keeping up with your credit card balances? If yes, then a balance transfer may just be what you need.
Getting a Balance Transfer Credit Card
What is a Balance Transfer credit card and how is it different from standard credit cards in the market? If you try to shop around for credit cards, you’ll notice that some credit cards offer 0% APR as part of their introductory offer. The 0% interest rate will usually apply on purchases but if you take a look closely at your choices, you’ll find credit cards that offer 0% rate on balance transfers. If you’re lucky, you can even find a credit card that offers 0% APR for both purchases and balance transfers.
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