YACCT: CitiBank vs MBNA vs BankOne

[RossMAN]

Originally posted by: jjsole
Either one will jack up your rates to unbelievable levels if you are late on one or two payments.

I've been a few days late on my CitiBank cc before and my interest rate was never jacked up, it's still hovering around 9.x

However I have heard that Chase is notoriously S L O W at applying payments sent via US snail mail. So after I get the Chase card I'll sign up on their site for online payments.

 

[slycat]

wait a min...visa on Citibank?
i thought Citibank gave all their business to Mastercard...no more visa for Citibank.

 

[RossMAN]

Originally posted by: slycat
wait a min...visa on Citibank?
i thought Citibank gave all their business to Mastercard...no more visa for Citibank.

Correct, my CitiBank VISA will switch to MC once my cc expires.

 

[Miramonti]

Originally posted by: RossMAN
I've been a few days late on my CitiBank cc before and my interest rate was never jacked up, it's still hovering around 9.x

Thats good to know because I've started using my citicard more now.

 

[Spooner]

I like my new Chase card:

15 months 0% on purchases / balance transfers
9.74% APR fixed after that
No Annual Fee


beat THAT!

 

[Murpheeee]

I have used both MBNA & Citi, no problems with either

 

[RossMAN]

Originally posted by: jjsole

Originally posted by: RossMAN
I've been a few days late on my CitiBank cc before and my interest rate was never jacked up, it's still hovering around 9.x

Thats good to know because I've started using my citicard more now.

Before assuming that your rate will not be affected by a late payment (which is technically is the day after your payment due date) ... make sure to read ALL the fine print in your account disclosure statements.

 

[Praetor]

Originally posted by: RossMAN
I would also consider the NEW Chase Freedom Card which looks promising.

I might even apply for one.

It gives you MORE than CitiBank Dividend Platinum select does.

Hrm....

• Earn a 6% rebate on all gasoline purchases for the first 90 days
• Earn a 3% rebate on all of your gasoline purchases, thereafter
• Earn a 1% rebate on all other purchases everywhere MasterCard® or Visa® is accepted
• Track rebates on your monthly statements and use them towards your next month's purchases
• Save money with a 0% introductory APR on balance transfers for up to nine months*
• No annual fee**
• Secure online account access that lets you view and pay your bill online-FREE
• Purchase Assurance and Extended Warranty Protection***
• $1 million Travel Accident Insurance and Lost Luggage Insurance

(source)
Not bad, however....

14.24% for Platinum MasterCard/Visa Platinum, or 16.24% for Platinum MasterCard with Alternate Pricing/Visa Platinum with Alternate Pricing and Standard MasterCard/Visa Classic, or 19.49% for Standard MasterCard with Alternate Pricing/Visa Classic with Alternate Pricing.

(source)

<edit>
*See Credit Card Offer Terms for details. Balances must be transferred within nine months of account being opened. You cannot transfer any balances from any existing Chase account.
**No annual fee the first year. Thereafter, the $19 annual fee will be waived if at least nine (9) purchase transactions were made in the prior year.
***Some card features and services are provided by independent suppliers who assume full responsibility for their programs.
</edit>

Am I missing something here, or how is this a good thing?