MyBankTracker rated Citibank based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.
I would imagine many business owners like me have struggled with reduced cash flow over the past 18-24 months...what more appropriate time to make use of an existing credit line? I have two Citibank credit cards including a Citibank Driver's Edge card that I've had for over 22 years. Never was late on payments; often had a zero balance, received rebates on two car purchases, and systematically established a very substantial credit line. My interest rate in 2007 was 9.9% Over the past year I reluctantly allowed my balance to climb, as my rate also climbed to 14.9%. In November I was late on one payment and..... "bang!"..... late fees, reduction in credit line, and slammed me with a 29.9% interest rate! Discussions/pleas with the representatives are like talking to emotionless robots. Gee, thanks Citibank, for your concern about the hardship your 20-year Customer is experiencing. As if 14.9% interest isn't enough interest to make? Yesterday I withdrew enough money from my IRA to pay off both accounts; frankly I'd rather pay the 10% penalty and pay our government extra taxes that allow Citibank to exploit and benefit from my hardship. Fortunately the economy is begining to cycle-back, my income is growing, and I vow to never to do business with Citbank again; and will take advantage of any opportunity I have to disuade friends, family, and clients from dealing with this huge corporate theif.
Lines too long. Too many people sitting around instead of serving customers. NOT ENOUGH TELLERS !
Citibank sucks! I had a Shell and Exxon Mobil account for
almost a year. I had no problems with these accounts up
until recently. I used them responsibily and when I did
either paid the entire balance or at the very least more than
minimum. I recently applied for a Goodyear, Big O Tire and
Brandsource accounts all of which I was approved for at
mind you 28.99% APR. All of a sudden, I receive 2 frantic
calls from Citibank wanting to know if my identity was
stolen. I laughed and stated no, that I did, indeed apply for
all 3 cards. The next thing you know, I receive an email the
very next day from the credit review department stating
that all of my cards had been cancelled despite the fact
that all of them were responsibily being taken care of. They
"claimed" that the credit bureau sent them information
indicating that I had applied for "too many cards" (but if
that is the case, why did they just approve me for the 3
cards and to add insult to injury, even sent them to me?)
I do NOT recommend applying to Citibank, they pick and
choose anyone they like, cancel anyones account at
anytime and are a ripoff to begin with. Their customer
service reps are rude, smart mouthed and disrespectful. I
have also complained to the Better Business Bureau, but
they simply mirror the messages to me from Citibank.
CFPB also did not help me at all. They wouldn't even tell
the the reason the accounts were closed.