I, too, got THE LETTER from CITIBANK stating that my interest rate would go up to 29.99%. I opted to keep my current rate AND use my card through the date on it, which was 2011. INSTEAD, Citibank CLOSED my account and is now charging me 24.99%. I nearly had a heart attack when I opened my statement! And, yes, I haven't been late and I've been a loyal customer for over 10 years. Now I have a "closed account" on my credit record, no thanks to Citibank! Isn't that bait & switch and isn't that FRAUD??? We need to get together and file a class action lawsuit against CITIBANK! read full review »