Posts Tagged ‘credit huckters’

“Charge More Or Pay” Says Citi Bank To Its Credit Card Customers

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Leslie McFadden of Bankrate.com reports that beginning on April 1, Citi will begin charging an annual fee of $60 to those credit card customers who charge less than $2400 a year. Citi is not alone in this trend: other banks, such as Bank of America will also be jumping on the fee bandwagon.

Charging annual fees, at least, on some of its customers may be part of the banks’ way of coping with the new credit card law that will go into effect on the 22nd of this month. This is not surprising, but is quite sad nonetheless. 

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