keep your citi card
Posted: Sat Mar 24, 2018 9:32 am
I see a lot of people canceling their citi cards over policies coming from them. That may not be the best form of protest for you. They have already estimated the amount of cancellations and are good with it.
Keep in mind canceling a card can negatively affect your credit rating, creating what could be considerable cost for you.
There is another option, Keep your citi card and use it every month. Every month charge a few dollars, as little as possible, a cup of coffee, a paper. Citi card will now need to generate a statement and process a payment. If you charged $5.00 citi bank will make 15 cents. I'm not sure what it cost citi to generate and process, but let's call it wash of the 15 cents they made. That would leave them at a loss for the postage. Along with this keep an eye out for their junk mail they will be sending. Return the prepaid envelope empty, I get at least one a month. There are approximately 550,000 permit holders in Ohio. If every permit holder did this, it would cost citi bank about $465,000 per month or $5,478,000 per year. It will cost you the postage, a mailed check being the most expensive to process, but some things are just worth the price. If you want citi bank to listen, you need to speak in a language they understand.
Keep in mind canceling a card can negatively affect your credit rating, creating what could be considerable cost for you.
There is another option, Keep your citi card and use it every month. Every month charge a few dollars, as little as possible, a cup of coffee, a paper. Citi card will now need to generate a statement and process a payment. If you charged $5.00 citi bank will make 15 cents. I'm not sure what it cost citi to generate and process, but let's call it wash of the 15 cents they made. That would leave them at a loss for the postage. Along with this keep an eye out for their junk mail they will be sending. Return the prepaid envelope empty, I get at least one a month. There are approximately 550,000 permit holders in Ohio. If every permit holder did this, it would cost citi bank about $465,000 per month or $5,478,000 per year. It will cost you the postage, a mailed check being the most expensive to process, but some things are just worth the price. If you want citi bank to listen, you need to speak in a language they understand.