I transferred all my DH's CC debt onto his Citibank card about a month ago. Half at 1.99% and half at 2.99% - both offers until paid in full. I was so happy that his previously 16+% card was now this low by doing the ol' switcheroo.
Well, I logged into the account today, and see that the due date was yesterday and I am $20 short. (I pay a portion of each bill weekly and Citibank only has a 20 day grace period, unlike my other cards which have a 25 day grace period, so I usually check it to make sure the minimum is going to be paid by the due date). I immediately transferred the $20 and it will post today, but I have a horrible sinking feeling in my gut that they are going to jack his rate all the way up now.
I have been so careful over the last 6-7 years since I have been paying the bills, and have gotten both our credit scores into the high 700's. Now this. I know it won't effect our credit scores but it is horrible to have the rate on this card so high even with great credit scores. I am so depressed. I can only hope that they do not raise the rate as is their perogative since it is my own stupid fault for being late on the minimum.
I really messed up this time
August 22nd, 2006 at 06:47 pm
August 22nd, 2006 at 07:17 pm 1156274243
August 23rd, 2006 at 01:05 am 1156295121
August 23rd, 2006 at 10:45 am 1156329943
You are doing so well - 16 cards to 2
Bronwyn