Home Depot and Lowes are doing it. Gotta pay the balance before the 12 months, or get raped for all of the back interest.
You can opt out of the new changes and continue making payments on your agreed upon rate. They will put the account on hold and you will no longer be able to use your card, but the original interest stands. I've done this a number of times and ended up getting lower rates than what I had to begin with after customer service calls me back once they note the account is on hold. I have cards that are 5.9% as my regular cash/purchase rate. My most expensive card to use is discover which is at a whopping 7.9% interest.
I read it again plus a little more but I'm still a little suspicious. It could be interpreted to mean that it will stay the same unless I sneeze and then they will nail me to the cross. I'm going to call and confirm. Won't do any good to opt out, either way you are going to get hit with the higher interest. It's already changed on this statement. Oh, and guess who is behind it...CITIbank. Didn't they just get a wad of money from Mr. OnomamaWhat pisses me off more than all that is right after I brought the GE appliances home, I heard that the president of Iran is one of the controlling stock holders of GE.
Quote from: Dusty on February 01, 2009, 10:10:24 PMI read it again plus a little more but I'm still a little suspicious. It could be interpreted to mean that it will stay the same unless I sneeze and then they will nail me to the cross. I'm going to call and confirm. Won't do any good to opt out, either way you are going to get hit with the higher interest. It's already changed on this statement. Oh, and guess who is behind it...CITIbank. Didn't they just get a wad of money from Mr. OnomamaWhat pisses me off more than all that is right after I brought the GE appliances home, I heard that the president of Iran is one of the controlling stock holders of GE. BURN THAT CARD BURN THAT CARD BURN THAT CARD
you work for Lowes huh