About Credit / Debt Management: Citibank Credit Cards Will Get Higher Interest Rates

Credit / Debt Management In the Spotlight | More Topics |   from LaToya Irby One of the drawbacks of this seemingly never-ending credit crisis are the sudden interest rate increases. Citibank, at least, was kind enough to announce their plans to hike cardholders' interest rates. Other credit card issuers haven't been so gracious.   In the Spotlight Citibank Credit Cards Will Get Higher Interest Rates If you're a Citibank cardholder, pay attention to your next billing statement to see if your credit card interest rate is going to increase. You should have a notice letting you know how to opt-out of the rate hike.              More Topics How to Survive Unemployment Everyday Credit Issues Pros and Cons of Joint Credit Cards Everyday Credit Issues 15 Reasons to Repair Your Credit Credit Repair Make Your Get-Out-of-Debt Budget Reducing Debt How to Rent With Bad Credit Everyday Credit Issues When to Check Your Credit Credit Reports & Scores Bad Credit, Bad Driver Credit Reports & Scores 5 Ways to Respond to an Rate Increase You could accept the new interest rate and pay the higher finance charges. Or, you could opt-out of the new interest rate, pay your card off at the lower rate, and have your card closed at expiration. Learn all your options and how each will affect you.   16 Explanations for Interest Rate Hikes Why do credit card issuers increase interest rates, anyway? Sometimes it's because of something you did - like make a late payment or go over the limit. In the Citibank case, the rate increases, were mostly out of your control. Credit card companies have lately been citing "market conditions" as the reason for increasing rates. Find out all 16 explanations for interest rate increases.     Sponsored Links   Best Moves in a Bad Economy Save & Invest the Right Way Find out how to beat a bear market, make smart choices, and keep your cool even when the economy is unpredictable. Credit / Debt Management Ads Fix Credit Rating Bad Credit Help Repair Credit Score Credit Restoration Dispute Credit Advertisement     Visit Related About GuideSites: Search About      Sign up for more free newsletters on favorite topics. You are receiving this newsletter because you subscribed to the About Credit / Debt Management newsletter as lemmetry@GMAIL.COM. If you wish to change or remove your email address, please visit: http://www.about.com/nl/usgs.htm?nl=credit&e=lemmetry@GMAIL.COM About respects your privacy. Our Privacy Policy. Our Contact Information. 249 West 17th Street New York, NY, 10011 © 2008 About, Inc.