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Have you been betrayed by your bank credit card?

If you ever want to see how angry consumers are, go to Twitter and do a search for key words “Citibank Card”, “Chase Credit Card” or “Bank of America Card”.

Bank of America Cardholders:

• Return of the annual fee ranging from $29-$99 which Bank of America is “claiming” affecting less than 1% of cardholders.

Citigroup/Citibank:

• Rate increases up to 29.99% variable when you have played by the rules. Prime + up to 26.74% (translates to 29.99%).
• Return of the annual fee of $30-$90 if you spend less than $2,400 per year.
• If you carried a Shell, Citgo, Exxon/Mobil or Phillips 66/Conoco Card, you may have found your gas card suddenly shut down in October 2009 without fair advance warning.

Chase:

• Reduction in credit line?
• Increase of minimum payment to 5% from the previous 2%-3%?
• New CHASE Freedom Visa has variable rate of Prime PLUS 8.99% 17.99%. Default rate prime 26.99%.