Citibank N A Complaint - I'm at the "penalty APR" and have never been late on a payment
A few months ago, I was informed my APR would be raised to 29.99%!!! I was shocked, and made plans to pay off the card as soon as possible and then close the account. Unfortunately, as these things go, I haven't been able to pay off the balance and I'm still stuck with the card.
The other day, while paying my card online, I noticed a "late payment warning" link (I was paying my card online a week before the due date, as is typical for me.) I clicked on it for the heck of it, and it said if a payment is received late, that could result in my interest rate being raised to the "penalty APR" of 29.99%. Well, isn't that funny? I'm at the penalty APR but haven't ever been late with a payment, AND I've had the card since 1995!
As soon as I can get rid of this card, I will!