Low Interest Credit Cards

The standard offer for the United Visa has been for 30,000 bonus Mileage Plus miles after spending $250 with your new card, but with a $60 annual fee. Using the following link (via FTG) will also earn you the 30,000 miles after spending $250, but with the annual fee waived for the first year. Beyond the initial signup bonus, though, the card itself is not particularly exciting, as it earns just 1 mile per $1 in purchases.

One week before the CARD Act goes into effect, Citi has added an annual fee to more accounts on many of its popular credit cards.

Many Citi cardholders are receiving letters about a $60 annual fee that is being added to their account effective April 1, 2010. If consumers make $2,400 in purchases during the year, then the annual fee will be credited back to their account.

It appears that Citi’s test of adding an annual fee to a small percentage of their customers in August of 2009 proved successful for the issuer. At that time, Citi began charging some cardholders an annual fee of $30 to $90 unless they spent at least $2,400 per year. Now a far greater number of customers are receiving this notice.

“The reason we are making this change is to maintain the quality of our service amid the rising cost of doing business,” said Ken Stork of Citibank in a letter to the cardholders receiving this notice.

“This is a very concerning sign for credit card consumers and it is further evidence of how issuers will react in 2010.

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