We just learned Citibank is informing their customers it will impose an $35 annual fee unless a minimum of $2400/yr is charge on their credit card accounts. This is, of course, part of the unintended consequences of the new credit card reform laws. We wrote previously wrote about another unintended consequence, the [...]
Entries Tagged as 'Citibank'
Credit Card Companies Instituting “Minimum Annual Purchase” Policies
August 26th, 2009 · No Comments · Banking, Credit Cards
Tags: american express·annual fee·bank of america·Citibank·Credit card·Discover·minimum annual purchase·Wall Street Journal
Citibank Admits to Stealing from its Customers
September 24th, 2008 · 1 Comment · Credit Cards
It sounds like a sensationalistic headline, right? Stealing? Isn’t that too strong a word? Nope, it happens to be the truth. Citibank was actually removing excess cash from statements, and also stealing from the recently deceased. This is a another great reason to read your statements every month. [...]
Tags: Citibank·Credit Sweep·Customers·Investigation·Settlement·Stealing·Surplus Balances
Citibank Uses Sneaky Way to Keep Sending You Junk Mail Even After You “Opt Out”.
March 25th, 2008 · No Comments · Credit Cards
After he continued to receive mailings for months from his bank after he thought he opted out of their mailings, reader Perre asked Citibank if they had honored his request. They said, “yes you’re opted out of Balance Transfer offers and Cash Convenience Checks.” Then he cleverly thought to ask which mailing lists he was [...]
Tags: Balance Transfers·Citibank·Junk Mail·Mailing Lists·Opt Out
Citibank is so predictable
February 11th, 2008 · No Comments · Credit Bureaus and Scores, I'm being sued!
Since they are losing their shirts these days, Citibank is really getting very aggresive with past-due accounts. They skirt the FDCPA by owning collection agencies, so when a Citibank collection agency calls, they can do whatever they want.
My latest client is being sued by Citibank for a $19K debt from 2004 that with fees [...]
Tags: Citibank·complaint·FDCPA·lawsuit·Past Due·Predictable·Process Server
