Tags: credit card interest raise interest rate

Credit card Interest

I received a notice from my Citibank credit card that they were raising my interest rate to Prime plus 8.99%. At the bottom of the notice, it said I could call and opt out. I called and opted out.

This means that I will keep my same interest rate until the card expires. At that time, I can accept the new interest rate or close the card and continue to pay the balance on the card at the same interest rate that I have now.

If you get such a notice, I would advise calling and opting out.