{"id":158,"date":"2005-06-01T05:23:00","date_gmt":"2005-06-01T11:23:00","guid":{"rendered":"http:\/\/www.familyresource.com\/blog\/?p=158"},"modified":"2005-06-01T05:23:00","modified_gmt":"2005-06-01T11:23:00","slug":"consumer-alert-citibank-charging-29-apr-for-late-payments","status":"publish","type":"post","link":"https:\/\/www.familyresource.com\/blog\/2005\/06\/01\/consumer-alert-citibank-charging-29-apr-for-late-payments\/","title":{"rendered":"Consumer Alert: Citibank Charging 29% APR For Late Payments"},"content":{"rendered":"<p>Apparently, Citibank has turned into a <em>no mercy<\/em> credit card company. Even if you&#8217;ve been with Citibank for over a decade, watch out. If you have just one late payment, they may raise your APR to 29% or higher! I&#8217;m not talking about a missed payment, I&#8217;m talking about a late payment!<\/p>\n<p>Not only is this discouraging to all Citibank cardholders, it&#8217;s also discouraging for financially disadvantaged cardholders. Charging almost 1\/3 of a balance per year would make it almost impossible for low-income individuals to ever pay off high credit card debt.<\/p>\n<p>I plan on paying off my balance as quickly as possible with my Citibank card, and canceling my card immediately thereafter. Treating long-time customers like short-time customers, and trapping low-income individuals into an endless cycle of debt is despicable, and quite possibly evil.<\/p>\n<p>If you&#8217;ve had your APR jump up to astronomical numbers, because of just one late payment, I encourage you to call the customer service number on the back of your card. In most cases, they will lower your percentage rate by 1\/3 to 1\/2 if you just ask them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apparently, Citibank has turned into a no mercy credit card company. Even if you&#8217;ve been with Citibank for over a decade, watch out. If you have just one late payment, they may raise your&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[],"class_list":["post-158","post","type-post","status-publish","format-standard","hentry","category-credit-and-debt"],"_links":{"self":[{"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/posts\/158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/comments?post=158"}],"version-history":[{"count":0,"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/posts\/158\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/media?parent=158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/categories?post=158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.familyresource.com\/blog\/wp-json\/wp\/v2\/tags?post=158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}