Spend More Money for Lower Interest Rates???
Citi is announcing a new plan to offer lower interest rates to customers on their credit card balances as long as they spend more money each month and get more and more in debt. Awsome!
http://finance.yahoo.com/news/To-lower-interest-rates-Citi-apf-2580216928.html?x=0&sec=topStories&pos=2&asset=&ccode=
NEW YORK (AP) — For Citibank credit card holders, there is one way to escape the bank’s rate hikes currently under way: Meet a monthly spending requirement.
Those who meet the spending minimum — in some cases $750 a month — will be able to get a rebate on their total interest charges for that month. The rebate could cover some or all of the interest rate hike. Customers also need to make payments on time to qualify for the rebate.
Without giving specifics, Citi said the monthly spending requirements and interest rate hikes will vary depending on the cardholder’s credit history.
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Sad thing is the …
Sad thing is the sheepel will actually do this thinking they are getting a deal until the rates ROCKET.
Well done
)
god save the stupid.
god save the stupid.
I wonder how many …
I wonder how many idiots are going to fall for that ploy.