Monday, May 30, 2011

Boo Citi Cards and their assanine terms of agreement policy.

I found out today the very hard way that if a biller decides to charge your account as a cash advance (I had no choice in the matter), not only do you get charged a $5.00 transaction fee, but because of some obscure clause in Citi Cards terms of agreements, you also loose your interest grace period for the next two billing cycles.  Even though I didn't carry a balance at the end of each billing cycle I still ended up paying interest on all of my charges. So for a $30 dollar charge I ended up paying $55 bucks after fees and interest. Just another way for the dishonest credit card companies like Citi Cards to screw the little guy.

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