Quote:
Originally Posted by sofocused978
...if I opt out of the rate increase that in 2 years time when my card is about to expire I will receive a letter from citi with the option to keep my account open without them closing it as stated in the letter I received.
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This sounds like the right business move on their part. And consistent with what you'd expect from a CC company: scare as many consumers as possible into accepting higher rates, then mitigate losses on the smart ones. I bet you'll even get a low interest balance transfer rate when that letter comes.