Ok like everybody else, I have credit card balances.

I did a 0% transfer in Nov 2007 to Citibank credit card which expires in May 2008

I have a payment going out of my bank automatically, 6 days prior to due date(to make it doubly sure that I dont screw up my 0% :)

So things were going smooth since Nov 2007.

Today(that is the 4th of March 200 8) I get a panic call at the office from my wife saying that Citibank has sent me a letter stating they dunno which acct to apply the money that was sent in to them!!!..and with a picture of my check attached. So I rush home. The letter stated that I should fax in my acct number etc. I got suspicious and thought it could be a mail “phishing” deal. Therefore I called the cust service and checked out my balance and recent payments to the debt. The voice at the other end said I was past due…WOW!

So I got into my online bank acct to see if somebody had cashed the check. On the back of the check it stated “UNABLE TO READ ACCT#”. I look at the check at bank site …I can read it all. So was the case with the pic of the check citibank sent in….What the F@#^ was going on…I thought…

I call them up…sure enough they jacked up my rate from 0 to a mega19.24% since they claimed they didnt receive the payment in time!!! So I tell the guy to get his manager…and she, the manager heard my story…Long story short she said she would set everything ok..Let’s see if they do that…Not counting on it..They all lie!

My thinking is that citibank as a whole is trying to pull a fast one on you the consumer. Once they jack up those rates at a credit card company it would be impossible for a non-entity human being like me to change it back to 0% unless God intervenes with a miracle. So in my case I think they deliberately tried to jack-up my rates stating some odd reason, even though I was paying the debt regularly on time. This is NOT a mistake Citibank made..That is sure!!..I think they are deliberately trying to harm people.

But I shall wait and see and blog what they do now…Will they bring down the jacked-up rate (caused by no fault of mine) or will they murder the common man?? Will see.

If anybody has had such things happen to them please blog in. I am bitter and angry that credit card companies go to unscrupulous lengths to harm honest people like me. In the past I can think of a similar incident when I had 0%…they changed the due date backwards and me didnt notice in time to change my bank-auto-pay-setup and long-story-short, my rate went sky-high and was unable to convince them that they pulled a fast one on me…it continued to stay at that humungous rate for a long time!!! :( They stole that money

Credit card companies are run by bastards, for sure! Never ethical!