*step* *step* *step* *step* ... *stepstepstepstepstep* What the hell, Citi!?
Okay... I'd heard this was a possibility, but really? Even though Citi was bucking for a federal bailout, they still planned to raise rate on some customers. Turns out that I am among them. I have a good credit history and a fairly low balance. So even though they got billions in bailout money, they still want more from us. So without further adieu, here is what citi meant to say in their notice (my assumptions in red):

Above: It's a wide image... I know, just maximize your window. They're just so full of shit that I couldn't make it any smaller.
It's not that I'm completely against economic recovery plans that involve bailouts. I'm fine with it if that's what needs to be done. I just don't want those companies to jack me around. I could call and complain... but I know from MPR and the consumerist that it won't do any good. This Citi card is one of my oldest cards, so I don't want to close it and make my credit history look worse. The hell with it... I'll pay off the balance soon, and leave the card in a drawer somewhere. For shame Citi, for shame.

6 comments:
my initial thought upon hearing about Citibank's potential bankrupcy was, Yipee! this will cancel out the small fortune's worth of debt I have stored up on my trusty Citi-card... right?
Of course they have to raise your interest rates. How else are they going to be able to afford to STILL spend $400 Million to sponsor the new Mets stadium so it can be named "Citi Field?" What, do you hate baseball? Are you un-American? I'm so telling Michele Bachmann.
Here via Consumerist. Nicely annotated version of the letter... it makes for much more entertaining reading than then one I have sitting next to me!
I think we should all cancel our cards from them.
Nice translation of the letter that I also received. It makes me smile despite the fact that citi has decided to break off a broom handle and... well, you know.
My relationship with them is now counting down to ending forever. Bastards.
Also here via The Consumerist. Love the annotated letter....it is basically what I saw as I read the letter I received. I am a bit frosted by their disregard of my loyalty (15 years, ending NOW). The funny part is I had just decided (and no, I'm not kidding) to start using their card as my primary to attempt to help them out in their plight. Two days later I receive the ol' broomhandle letter....thanks for the kindness, MFers. They have just lost an ideal customer for life.
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