Citi praised for relaxing credit card charges

NEWS

The US bank confirmed last month it is ending universal default, the practice of increasing consumer interest rates when that customer fails to pays other creditors on time, on all Citi credit cards.

The bank has also abolished its 'any time for any reason' custom that allowed it to increase interest rates on credit cards without warning, as and when it deemed necessary. Henceforth, Citi will not voluntarily raise rates and card fees until the expiration of an existing card.

The move has been

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here