Monday, November 16, 2009

et tu MasterCard?

Citi sent along a missive with "important changes" to our service agreement. Starting December 29, my apr goes up to 19.99% (ouch!) but I can earn the interest back by charging $500 or more a month or paying on time.

If I opt out of these terms the card will expire on 12/29/2009.

This doesn't affect me since this is my grocery store/drugstore card (3% cashback) with a $500 limit and I pay it off monthly (interest is for suckers!).

But still - first AMEX and now Mastercard. I guess VISA will be sending along a letter with interest rate hikes soon too :(


Anonymous said...

Thank you for all of the comments!
Damn those stupid credit cards! I am trying to pay my balances down as well. Good luck!