I remember somewhere recently talking about how my Citi credit card had an insanely low rate, like 8.5% or something in that neighborhood. Well I noticed that my statement this month had it at 15.9%. Ouch!
So I called to bitch, and they mentioned the updated terms that they send and I more or less ignored. But I could "opt out" if I wanted. Lucky me! It meant I'd get the old rate (prime plus 4-something) until the card expired, November 2010. So, um, yeah, do that. I don't care if I have to ditch it after that.
That puts it under 8% now, which is convenient since I'll carry some balance on it until my tax refund rolls in (honeymoon travel). But no wonder they can't get people spending. If they're going to jack you and you're a good customer with a high credit score, it would seem you'd put that low-risk customer in a good value rate. Idiots.