Well, I called Citibank and cancelled the card. They stated that my rate will remain as is until the balance is paid in full, which I'm going to expedite asap.
This made me curious about my one other card, Capital One, and so I called them to ask if they had any plans to do the same as Citibank. The first rep said there was nothing on my account to indicate an increase. Obviously, she didn't understand what I was talking about so she directed me to my personal account rep, who explained to me that there will be a mailing going out in the mail, though, she claimed, not before the end of the year. So I asked her if Capital One's intention was to follow in Citibank's footsteps and she acknowledged that there will be an increase in the APR across the board, but that at this time, my account has the lowest APR they can offer ANYONE. In fact, she said that she hasn't seen my rate in WEEKS - like I was suppose to squeal with delight or something.
I suppose it's just a matter of time before I will be calling them back to cancel that account as well. Oh well, it's probably better for me anyway. Just stinks when the rug gets pulled out from under you, though, doesn't it?
Witz, I loved Schoolhouse Rock as well and a few years ago we went to see a production put on my the children's theater that difficult child used to be involved with. Great stuff! (And a nice reminder to those of us who have forgotten how things get done in Difficult Child)