NEW YORK, July 1 (UPI) -- Millions of U.S. consumers using Citigroup credit cards have had their interest rates hiked ahead of coming limits on such increases, Financial Times reports.
Citigroup raises rates on 15M credit cards (UPI)
Citigroup Inc has increased interest rates on up to 15 million U.S. credit card accounts just months before curbs on such rises come into effect, the Financial Times reported citing people close to the situation.
Report: Citi Raises Rates on Millions of Credit Cards (Fox News)
by Francesco Guerrera, Saskia Scholtes and Tom Braithwaite Published: June 30 2009 23:59 | Last updated: June 30 2009 23:59 Citigroup has sharply increased interest rates on up to 15m US credit card accounts just months before curbs on such rises come into effect, in a move that could fuel political anger at the treatment of consumers by bailed-out banks. People close to the situation said that ...
Citi Raises Rates on Millions of Credit Cards: Report (CommonDreams.org)
(AP) - Every time you swipe your credit card and wait for the transaction to be approved, sensitive data including your name and account number are ferried from store to bank through computer networks, each step a potential opening for hackers.
Credit cards can be hacked (The Daily Dispatch)
Ministers will today launch a crackdown on extortionate credit card rates in a fresh bid to protect consumers during the recession.
Blueprint to crack down on credit card rip-offs (Daily Mail: World News)
Avoid credit card problems as Citigroup increased credit card interest rates.
Citigroup Increases Credit Card Interest Rates (Fox News)
Citi Raises Credit-card Rates: Report
Citi Raises Credit-card Rates: Report (Fox News)
You need one to make a hotel or plane reservation, or to rent a car, even if you plan to pay cash. Many stores require a credit card to accept your check. Responsible use of a credit card builds a good credit rating, too, marking the owner as mortgage-worthy.
10 questions before getting a secured credit card (Bankrate.com)
Firms are paying higher rates, having trouble opening lines or losing existing ones For small-business owners who rely on business credit cards, the recessionary landscape looks extra bleak these days.
Tightening credit squeezes small-business owners (Chicago Tribune)
Q: I will be starting college this fall. I have been listening to your show with my parents for many years. I work 35 hours a week and will be a full-time student. My dad seems to think I ought to get a credit card. I'm not sure why, but I guess it's a good idea to start building credit. What do you suggest? #8211; E.W., Pennsylvania
College students: Credit card is a tool (Fort Wayne News-Sentinel)