Common sense prevails
 

As per my posts from last month about my treatment by Citibank over interest
on my mastercard......
today my March bill arrived with $1.84 more interest. I quickly called up &
asked what will it cost me to clear this folishness up & cancel my card.
the nice clerk immediately waived the $1.84 interest and passed me on to a
supervisor.
After hearing my story, she apologized and immediately offered me a $25.00
credit and informed me that the $39.00 yearly fee would be squashed.
Only bad thing... my interest rate jumps from 12.9% to 19%........
I agreed because I don't carry balances on my card.
I may...or may not use it anymore..I'll see.

Common sense prevails
 

Don White wrote:
As per my posts from last month about my treatment by Citibank over interest
on my mastercard......
today my March bill arrived with $1.84 more interest. I quickly called up &
asked what will it cost me to clear this folishness up & cancel my card.
the nice clerk immediately waived the $1.84 interest and passed me on to a
supervisor.
After hearing my story, she apologized and immediately offered me a $25.00
credit and informed me that the $39.00 yearly fee would be squashed.
Only bad thing... my interest rate jumps from 12.9% to 19%........
I agreed because I don't carry balances on my card.
I may...or may not use it anymore..I'll see.




Citibank is another of those badly managed oversized banks. The feds
ought to let the damned banks fail, take them over, and sell their
assets to teams of execs who can run a bank properly.

Common sense prevails
 

Don White wrote:
As per my posts from last month about my treatment by Citibank over interest
on my mastercard......
today my March bill arrived with $1.84 more interest. I quickly called up &
asked what will it cost me to clear this folishness up & cancel my card.
the nice clerk immediately waived the $1.84 interest and passed me on to a
supervisor.
After hearing my story, she apologized and immediately offered me a $25.00
credit and informed me that the $39.00 yearly fee would be squashed.
Only bad thing... my interest rate jumps from 12.9% to 19%........
I agreed because I don't carry balances on my card.
I may...or may not use it anymore..I'll see.


I swore off Loan Shark Credit Cards.
I tried to use the points on my GM card two years ago on a car purchase.
They couldn't/wouldn't honor them.
I paid off the balance but didn't cancel it or the other cards because I
was told it would hurt my FICA score tremendously.
GM was upset of whatever that I wouldn't use their card and cut my
credit line all the way down to 300.00. That hurt my credit score.
So I'm canceling the whole lot tomorrow. It doesn't seem to matter.
The Credit Card Companies write the contract, and enforce the contract
and change any terms or conditions whenever they fee like it. It is a
unilateral contract. You can't even sue or complain about them. You have
to choose an arbitrator from their list and pay for it.
Just how is all of this legal?

Common sense prevails
 

Frog Britches wrote:
Don White wrote:
As per my posts from last month about my treatment by Citibank over
interest on my mastercard......
today my March bill arrived with $1.84 more interest. I quickly
called up & asked what will it cost me to clear this folishness up &
cancel my card.
the nice clerk immediately waived the $1.84 interest and passed me on
to a supervisor.
After hearing my story, she apologized and immediately offered me a
$25.00 credit and informed me that the $39.00 yearly fee would be
squashed.
Only bad thing... my interest rate jumps from 12.9% to 19%........
I agreed because I don't carry balances on my card.
I may...or may not use it anymore..I'll see.

I swore off Loan Shark Credit Cards.
I tried to use the points on my GM card two years ago on a car purchase.
They couldn't/wouldn't honor them.
I paid off the balance but didn't cancel it or the other cards because I
was told it would hurt my FICA score tremendously.
GM was upset of whatever that I wouldn't use their card and cut my
credit line all the way down to 300.00. That hurt my credit score.
So I'm canceling the whole lot tomorrow. It doesn't seem to matter.
The Credit Card Companies write the contract, and enforce the contract
and change any terms or conditions whenever they fee like it. It is a
unilateral contract. You can't even sue or complain about them. You have
to choose an arbitrator from their list and pay for it.
Just how is all of this legal?


Actually, the "vig" is less than what many credit card companies charge
these days.

Common sense prevails
 

"HK" wrote in message
m...
Don White wrote:
As per my posts from last month about my treatment by Citibank over
interest on my mastercard......
today my March bill arrived with $1.84 more interest. I quickly called
up & asked what will it cost me to clear this folishness up & cancel my
card.
the nice clerk immediately waived the $1.84 interest and passed me on to
a supervisor.
After hearing my story, she apologized and immediately offered me a
$25.00 credit and informed me that the $39.00 yearly fee would be
squashed.
Only bad thing... my interest rate jumps from 12.9% to 19%........
I agreed because I don't carry balances on my card.
I may...or may not use it anymore..I'll see.


Citibank is another of those badly managed oversized banks. The feds ought
to let the damned banks fail, take them over, and sell their assets to
teams of execs who can run a bank properly.


Well, the "Feds" are now sponsored by Obama.
Your wish won't happen.

Eisboch

Common sense prevails
 

Eisboch wrote:

"HK" wrote in message
m...
Don White wrote:
As per my posts from last month about my treatment by Citibank over
interest on my mastercard......
today my March bill arrived with $1.84 more interest. I quickly
called up & asked what will it cost me to clear this folishness up &
cancel my card.
the nice clerk immediately waived the $1.84 interest and passed me on
to a supervisor.
After hearing my story, she apologized and immediately offered me a
$25.00 credit and informed me that the $39.00 yearly fee would be
squashed.
Only bad thing... my interest rate jumps from 12.9% to 19%........
I agreed because I don't carry balances on my card.
I may...or may not use it anymore..I'll see.


Citibank is another of those badly managed oversized banks. The feds
ought to let the damned banks fail, take them over, and sell their
assets to teams of execs who can run a bank properly.


Well, the "Feds" are now sponsored by Obama.
Your wish won't happen.

Eisboch


Might happen. "We" will soon own more than a third of Citibank as a part
of the bailout. I wouldn't mind seeing Citibank fail, along with B of A
and a few others, so their assets can be sold.

Common sense prevails
 

Frog Britches wrote:

I swore off Loan Shark Credit Cards.
I tried to use the points on my GM card two years ago on a car purchase.
They couldn't/wouldn't honor them.
I paid off the balance but didn't cancel it or the other cards because I
was told it would hurt my FICA score tremendously.
GM was upset of whatever that I wouldn't use their card and cut my
credit line all the way down to 300.00. That hurt my credit score.
So I'm canceling the whole lot tomorrow. It doesn't seem to matter.
The Credit Card Companies write the contract, and enforce the contract
and change any terms or conditions whenever they fee like it. It is a
unilateral contract. You can't even sue or complain about them. You have
to choose an arbitrator from their list and pay for it.
Just how is all of this legal?

Something is missing from this story. It just doesn't work that way.
They wouldn't cut your credit line to $300 for not using their card.
Your credit history has some bad marks on it.

Common sense prevails
 

Eisboch wrote:

"HK" wrote in message
m...
Don White wrote:
As per my posts from last month about my treatment by Citibank over
interest on my mastercard......
today my March bill arrived with $1.84 more interest. I quickly
called up & asked what will it cost me to clear this folishness up &
cancel my card.
the nice clerk immediately waived the $1.84 interest and passed me on
to a supervisor.
After hearing my story, she apologized and immediately offered me a
$25.00 credit and informed me that the $39.00 yearly fee would be
squashed.
Only bad thing... my interest rate jumps from 12.9% to 19%........
I agreed because I don't carry balances on my card.
I may...or may not use it anymore..I'll see.


Citibank is another of those badly managed oversized banks. The feds
ought to let the damned banks fail, take them over, and sell their
assets to teams of execs who can run a bank properly.


Well, the "Feds" are now sponsored by Obama.
Your wish won't happen.

I thought the great Robert Rubin was at the helm of Citibank? Wasn't he
one of the Democrat's wonder boys. Why did he resign from Citibank's
board so abruptly?

Common sense prevails
 

On Feb 27, 3:23*pm, "Don White" wrote:
As per my posts from last month about my treatment by Citibank over interest
on my mastercard......
today my March bill arrived with $1.84 more interest. *I quickly called up &
asked what will it cost me to clear this folishness up & cancel my card.
the nice clerk immediately waived the $1.84 interest and passed me on to a
supervisor.
After hearing my story, she apologized and immediately offered me a $25.00
credit and informed me that the $39.00 yearly fee would be squashed.
Only bad thing... my interest rate jumps from 12.9% to 19%........
I agreed because I don't carry balances on my card.
I may...or may not use it anymore..I'll see.

Well, isn't that special.

Common sense prevails
 

D K wrote:
Frog Britches wrote:

I swore off Loan Shark Credit Cards.
I tried to use the points on my GM card two years ago on a car
purchase. They couldn't/wouldn't honor them.
I paid off the balance but didn't cancel it or the other cards because
I was told it would hurt my FICA score tremendously.
GM was upset of whatever that I wouldn't use their card and cut my
credit line all the way down to 300.00. That hurt my credit score.
So I'm canceling the whole lot tomorrow. It doesn't seem to matter.
The Credit Card Companies write the contract, and enforce the contract
and change any terms or conditions whenever they fee like it. It is a
unilateral contract. You can't even sue or complain about them. You
have to choose an arbitrator from their list and pay for it.
Just how is all of this legal?

Something is missing from this story. It just doesn't work that way.
They wouldn't cut your credit line to $300 for not using their card.
Your credit history has some bad marks on it.
No it doesn't. I don't know if my wife kept the letter or not but it
said something to the effect of due to inactivity on the account.