http://masteryourcard.com/blog/2008/12/14/credit-card-day-of-reckoning-this-thursday/ The best Credit Card Debt Blog online Thu, 02 Feb 2012 13:31:13 +1100 http://wordpress.org/?v=abc hourly 1 http://masteryourcard.com/blog/2008/12/14/credit-card-day-of-reckoning-this-thursday/comment-page-1/#comment-10446 Jonathan Fri, 19 Dec 2008 06:56:56 +0000 http://masteryourcard.com/blog/?p=566#comment-10446 Good move Bill - this is clearly nothing more than a way for many of the cc issuers to squeeze as much as they can out of us before the new rules come in. Good move Bill – this is clearly nothing more than a way for many of the cc issuers to squeeze as much as they can out of us before the new rules come in.

]]> http://masteryourcard.com/blog/2008/12/14/credit-card-day-of-reckoning-this-thursday/comment-page-1/#comment-10401 Bill Thu, 18 Dec 2008 15:57:06 +0000 http://masteryourcard.com/blog/?p=566#comment-10401 Citibank isn't the only one Rate-Jacking. After acquiring WaMu, Chase sent out letters raising interest on accounts from 8.99% to 18.99% supposedly based on something in a credit report. We checked ours, and it had only gotten better since we opened the WaMu account last year. We have always paid on time and always over the minimum, even clearing it to zero once in that year. For that we received that rate jack to 18.99%. Needless to say, we closed the account and are shopping for a new card to transfer the balalnce to, if we can find a card a less than the old WaMu rate. Citibank isn’t the only one Rate-Jacking. After acquiring WaMu, Chase sent out letters raising interest on accounts from 8.99% to 18.99% supposedly based on something in a credit report. We checked ours, and it had only gotten better since we opened the WaMu account last year. We have always paid on time and always over the minimum, even clearing it to zero once in that year. For that we received that rate jack to 18.99%. Needless to say, we closed the account and are shopping for a new card to transfer the balalnce to, if we can find a card a less than the old WaMu rate.

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