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Good news on the Citibank card

August 27th, 2006 at 02:35 am

Good news and bad news really.

Good news - it does not look like they raised the rates, so I get to keep my 2% and 3%. Whew!

Bad news - they charged me a $39 late fee. Ouch! Haven't seen one of those in a long time, and never want to see another. I went in today and made an extra payment toward September's bill so I will definitely make the minimum with no problem.

Oh, and when I was looking at the statement online I noticed the "purchase rate" is at 19.24%!!! Yikes...much worse than I thought it was. I NEVER want to have to feel the pain of that rate!

3 Responses to “Good news on the Citibank card”

  1. spendless Says:

    Don't know if you called them yet......but I've had good success getting late fees reversed (if you normally pay ontime).

    Simply explain your situation and ask if the late fee can be reversed for this occurrence. Hey, it's worth $39.......

    If they can't/won't....nothing lost.....simply move on with a lesson learned.

  2. baselle Says:

    Be careful - if they base their interest on two months - you might still get hit with the higher % next month. In addition, the original card might not raise your interest rate but other accounts might.

  3. mariannej Says:

    Spendless, You are right. I should call and ask for them to reverse the late fee as a courtesy. Unfortunately school starts tomorrow so I may not have time.

    Baselle, Yes, that is why I love my CapitalOne - they never raise your rate because of other accounts. Smile This is the card I am most concerned about because it has the transferred balances at such nice low rates. I will definitely be keeping an eye out for next months bill to see if anything changes, though. Thanks for reminding me!

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