Peeved!

So, how many of you have credit cards? How many of you carry a balance on your credit cards? How many of you have seen an increase in your monthly APR? Not one, but two of my cards have gone up to 14.99%. Really. Actually, we got a notice on our Bank of America card that was 8.9% and was going to increase to 14.99% if we did not call before a certain date. So, that one technically didn't change. The other credit card that did go up from 6.9% to 14.99% was Citibank. We did not receive a notice in the mail, but they claim to have sent them out in November. So, that card has more than doubled in interest. Citibank will not lower our monthly percent back because we didn't call before the date given.

Who in their right mind would want their interest rate to go up so they could pay the bank, that received bailout money, more money because they are greedy? Yes, 116 banks received money from the Obama plan to help out the banks. The banks then turn around and stick it people who are in good standing and have not defaulted on any payments. The banks are going to get their money, but why do they need to hurt tax paying Americans, in tough times, just because they are getting greedy? Isn't this why they had to get bailed out in the first place, because of greed?

Obama is going to meet with four or so banks that took bailout money. I hope that since he is the one that bailed the banks out with his step in good faith with the banking community he makes the banks go back to the original percentage rates that people signed up under. I totally agree with the banks who go after people who don't pay on time, but not the ones who have done no wrong.

I know that when these two cards get paid off, we will no longer be doing business with Bank of America or Citibank. Both of these banks have taken bailout money because they needed help. But look at these banks stick it to hard working Americans who are in hard times, but are still getting their money, I might add, I just don't get it.