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I really messed up this time

August 22nd, 2006 at 11:47 am

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. Frown

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.

3 Responses to “I really messed up this time”

  1. debtfreeme Says:

    call them and explain what happened. if you do it today they might not raise the rates. It usually happens after two consecutive months of something but just call them and let them know you already did the payment missing and ask them not to change the rates. It is worht the phone call.

  2. boomeyers Says:

    I actually did that with Citibank. My husbands grandmother passed away and we had to leave town. I brain farted the payment. They politely called me to say "Hey! Wheres our money?" In horror, I paid it immediately. Then I called them and explained and they lowered it right back, no penalty.

  3. freeme journey Says:

    Don't beat yourself up - it happens. Try to call & explain maybe just maybe they will let you off.
    You are doing so well - 16 cards to 2

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