- Report: #116660
Report - Rebuttal - Arbitrate
Complaint Review: AAdvantage Citibank Platinum Mastercard
AAdvantage Citibank Platinum Mastercardcitibank.com/aadvantage Internet U.S.A.
AAdvantage Citibank Platinum Mastercard ripoff jacks up interest rate even if you pay their card on time Internet
*Consumer Suggestion: Get Real, Matt
*UPDATE Employee: Let me explain.
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
In 2000 I started receiving applications for upgrades to a Platinum level AAdvantage Citibank Mastercard. After receiving several offers to upgrade, finally in 2001 I signed their upgrade agreement and sent it in.
There had been several attractive incentives to receiving an upgrade, one was advertised as "no spending limit". It also offered an Annual Percentage Rate 2pts lower then my current card.
After calling Citibank to find out how the no spending limit thing worked, customer service told me technically I had a limit on my card, but that if I went over, Citibank would approve the charge, but I would have to pay the overlimit amount in full by the next statement and I would be charged a penalty. I told them their ad was certainly misleading.
Two months after getting the new platinum card I notice that my interest rate had jumped to 23.99%! When I called customer service they told me that my credit report had shown a late payment on another credit card within the last six months and that was why they were now raising my interest rate. I told them I had never once paid my Citibank late in seven years and how could one late payment on another card affect my Citibank interest rate?
They told me it had said on the Platinum application that I had signed that they could check credit references and that they had the right to raise my interest rate if I had a record of late payments. I told them I didn't have a history of late payments and that one payment on another card that was late was the only late payment in over two years.
The customer service lady was so rude as well and I was so upset that I started crying on the phone. I felt completely betrayed by my favorite credit card issuer because I felt they had purposely sent me upgrade applications in order to get me under a new agreement giving them the right to raise my interest rate on incedentals. Not to mention the whole application wording was very shady and it was absolutely not clear on their intent when they listed the so called "perks" of a platinum card.
I have made it my mission in life to tell everyone I know that Citibank will rip you off if you decide to get one of their credit cards. I only deal with American Express now because they are fair and are an absolute pleasure to work with, even if you have a late payment.
This report was posted on Ripoff Report on 11/08/2004 08:53 AM and is a permanent record located here: http://www.ripoffreport.com/r/AAdvantage-Citibank-Platinum-Mastercard/internet/AAdvantage-Citibank-Platinum-Mastercard-ripoff-jacks-up-interest-rate-even-if-you-pay-thei-116660. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.