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Why Opting Out of Changes in Credit Card Terms Can Be a Bad Idea

I just answered a question from a reader that mentioned that she was going to opt out of a change in terms by her credit card company so she could keep her interest rate where it is now. While that certainly seems like a logical move and a good thing to do, it simply might … Read more

Citibank is Holding Me Over a Barrel With Change in Terms. – Steve

“Dear Steve, I have had a Citibank card for 20 years. I carry just under $15,000 in debt. Recently I received notice from them that the terms of my account are changing. Included is an increase in the variable to 18.99% from 14.240%. They have given me the right to opt out and pay down … Read more