Projo 7 to 7 News Blog

I'm glad to see people taking action against credit card companies and banks.

With the economy in the situation it's in and people having to use more credit cards you would think they would be benefiting from this. We charge, we keep the economy going and they raise our rates so now we can't pay. How does that seem right. I think everyone with credit cards who's finance charges have increased should stop paying their bills. (Boycott the credit card companies and institutions) until they lower the finance rates.

What difference does it make. If you can't pay the larger payment amount, you get bad credit. So why pay at all.

Count me in, from 15% APR to 29.9%.

They jacked my rate to 29.9% because i made a $50 payment when I should have paid $51.40. Over a $1.40 misjuggement they lost a good customer.

I want to be a part of this. They jacked me up after being a good customer for many years, and never a late payment.

This is great news.

2 or 3 years ago, such a lawsuit probably would have been dead on arrival. But that was before the taxpayers bailed these banks out to the tune of billions of dollars, and the banks showed their gratitude by stabbing those same taxpayers/customers in the back with these exorbitant rates.

I had mine go from 7.99 to 14.99 after Chase bought out WaMu with MY and OUR money! In fact, the first statement issued by Chase indicated an increase from 7.99 to 10.24, despite the fact that I paid them over $1500.00, a good chunk of my tax return. My minimum payment was under $100.00. I was never late and always paid OVER my limit. Then they were about to raise it to 14.99 again despite continued on time payments, at which point I closed with the f ckers.

Count me in to join the class-action as these banks dont understand the language of humanity and they are just counting on their big bonuses based on the bogus banking practices..my rate jumped from a low of 11.24% to a high of 29.99% without any fault or wrongdoing by me.

A Citibank customer service rep told me that Citibank raised ALL cardholders' rates to 29.99% . The excuse: Citibank's costs have increased !!

We have several cards that are tied ti Citi Bank and all are going up on interest in spite of everything being in good standing. I got a letter today raising one from 10.24% to 29.99%. When I called I was told they are trying to recoupe on bad loans.Count me in.

I would be more then happy to join this suit, citi jabed me real good 9.24% to 29.99% for absolutely no reason. plus they got our tax money to bail their sorry butts out of trouble!

i want in

Count me in as well. This exact same thing happened to me. I am so angry with the way Citi treated me over this issue. I called and complained, told them my account was in good standing but was told that my interest rate was going to go from 15.99% to 29.99% if I decided to keep my account. I told them it was extortion. They simply didn't care. This situation is absolutely disgusting.

I have a card that was originally Providian, then sold to WaMu, Then sold to Chase. Chase raised the rate from 9.99 to 14.99, then to 29.99. This is a card I have had for fifteen years. I have never been late, never missed a payment and always pay more then the minimum payment. These people need to not only be sued, they need to be jailed.

Count us in. We have been good customers for ten years with a no spending limit reward card. The chopped us to a limit just a little over our balance & raised the rate to 19.99%!

How do I get involved in this class action suit? My rate is being raised from 4.99 (never a late payment) to 29.99. If I opt out, my credit rating goes down. This is extortion!!!!

I am another long time customer in good standing seriously affected by this. The very people that had no choice in bailing this comapny out are now being treated horribly by this company. We are not given fair otions even when we try to be proactive. If you listen to the news reports Citi is now poised to pay back the bailout money, well I guess we figured out how they did that; they jacked up everybodies interest to 29.99%. If any body wants my testimony in this lawsuit just let me know, I'll scream it from the highest mountain.

Yes, I am hearing similar situations to ours back in 2006 .... we had a citi card for 19 years and were very good customers. They raised our rates similar to you folks (short payment by a few bucs) and we paid enough in interest to buy 2 cars! We paid it off with the equity we had in our house (to be used to help young daughter with college). Now they say we cannot receive any of our records because the account is closed. Anyone know how we can get these records to take action against Citi ?!

I have been a Citi Card holder for almost 13 years. I have a credit rating that puts me in the top 90%. Citi jacked my interest from 11% to 29.99%. I was understandably upset about the change since I have (due to the economic situations of the country) for the 1st time in the 13 years carried a balance. At 29.99% I am guaranteed to default on the loan. Is this why we bailed the banks out. Count me into a lawsuit against Citi!!!!

My rate went from 8% to 25.99% because they said they sent me letter. I am not in default and my 8% was fixed! I want to join the lawsuit. This is a joke. Especially when THE US Govt owns almost 30% of the business. Obama needs to step up and teach them a lesson or I will.

My credit card also went up outrageously to 20%! If there is class action law suit, we will join it asap. How many bonuses are we expected to pay for these CEOs. How do we stop the avarice!

Count me in as well! They raised mine to 29.99% bundling me in with the other 2% of customers and I used their card for 13 years! I did opt out; however learned that my bill that I payed online through Wells Fargo was received on the 22nd instead of the 21st so after opting out they raised it anyway! That is the only late payment ever and it wasn't even 24 hours past due because I did not realize that the online payment would not post for 3 business days from the date that I submitted payment. Customer service actually said "thank you for your business". What a way to thank your customer for 13 years! I'm all for a class action if there is one.

I was offered a 0% APR on my CitiCard through April 2010. Even though I was late on a payment I was assured by the customer service department (twice) that the 0% was secure through April. They said the rate might go up to 10% after that. Today (January) when I signed on it says that my interest rate is 25.990%!

I opted-out of my Sears/Citi account on Oct. 13, 18 days before deadline. October statement had new rate. We called and were told it would take a couple billing cycles. November, still no roll-back. Statement came today, STILL higher rate.
My issue is the rate never should have changed in the first place since I declined new terms in plenty of time for closing date of October 28. In my opinion, they are in breach of contract.

Count me in

Count me in please.
The same thing happened to me living here in NC. All of sudden Citi Bank's APR jumped up to 29.9% without any reason. My account has always been in good standing and I was never late with any payment. This has to stop.

November 2008
Bank America, when telephoned to make a payment, I was asked if I would like a lower rate?
Of course I said yes. This led to a conversation with another individual who advised me even though
My wife and I had five accounts and we paid on time he was cancelling all accounts immediately. I continued to pay until September 2009
when the interest was more than the principle.

Bank America has reported me to the credit agencies and advises the report will endure
for seven years. All other credit debt is paid
on time and I have no complaints except the
rate increases to beat the deadline.

We have stopped all credit card use! we will pay
them off and they can go to H--- !

Incidently ----why should I pay Bank America ?
They have already screwed my credit rating.
I asked if they would restore my rating if I
receive a 5% interest rate and pay off the accounts. Answer ----- we will have to get back to you---and have not.

Citicards has raised our APR as well, 76% in one month from 17% to 30% even though we've a 5-year relationship in good standing. This is unethical behavior.

Citicards answer to my complaint was that I was notified that the change was coming, and that it was simply a business decision, not a reflection of our account status.

Warning a customer that you plan to initiate unethical business behavior doesn’t absolve Citicards. I shall do whatever I can to communicate my outrage.

This is unbelievable. Yes, it was our tax dollars that helped to bail them out. Shouldnt they be paying us by dropping our percentage rates? The hike to 29% is unacceptable. After almost 20 years of having this very same account, my interest rate which has gone through previous fluctuations because Citi wanted to "recoup" money, my interest rate goes from 12% to 29%! Their stock is down and they are trying to pay back their debts using our money.

I agree with the gentleman who said to just stop paying the bill. Your credit will be shot and you will have low purchasing power either way. Another option is to just pay the bill and not use the card forcing them to maintain an unused account for awhile. If you can manage it, I would find any way possible to avoid paying them any interest at all.

Great customer, account at 10% - overnight went to 29.99 - count me in :-)

They said they notified customers in Oct but I didn't receive anything. Reminds me of defective service.

Good luck!!

Citibank sent me to 29.99% for no reason, I always pay on time etc. Why can they do this?

How can I get in? I just called Citibank today, and got the same BS answers everyone else did. Should we e-mail the lawyerthat filed this claim or should we all file a seperate claim in our state? I am in GA, has anyone filed any lawsuits in GA? If not, I will be more than happy to be the first one!

Like all others count me in. I've opted out of all citi cards which leaves me with one Capital One account until they too decide to join the band wagon. No more credit cards in my pocket is fine by me-the money we were paying out every month will now go into my savings account. Good riddance

count me in..a stellar record with citibank for 8 yrs, suddenly raied to 29.9!

I had 7.2 % and never late I justy got my last bill and it went to 29.99. Just get the same run around from customer service. Please count me in!

I have gone from Prime + 1 (former EE account) to 29.99% without even recieving notification.

I suggest you all roll over your balances to cards that are through credit unions.

I rolled by balance onto and addison avenue credit union account. The rate is 3.99% for 12 months and then it goes up to the regular rate as of today which is 7.25%. Credit unions aren't out to screw their people. Good luck. I sugges Addison Avenue credit Union. They are at addisonavenuedotcom

My Diamond Preferred card has been at 7.9% since I opened this account about 8-9 years ago.In May09 it increased to 14.99 and as of my Feb10 statement,it is now 29.99%.I've NEVER been LATE or anywhere near the limit.My FICO is 780(I checked my credit file this am.This score is higher than 88.05% of the public,according to Equifax.Please advise me how to JOIN this classaction suit.

Count me in....please advise me on how to join this classaction lawsuit. Citibank raised my APR from 9% to 29.99% without cause. I have never been late on a payment nor have I done anything else to warrant this extreme rate hike. In addition, I was told that this increased rate applies to all previous purchases. This is unfair, unjust and legalized theft.