Citibank closes number of credit card accounts; credit scores may be affected
No law prevents banks from closing down credit accounts without warning.
The new Credit Card Consumers’ Bill of Rights has done nothing to change that.
But when Citibank recently closed a number of Mastercard accounts — co-branded with oil partners such as Shell, Citgo, ExxonMobil and Phillips 66-Conoco — it did so on very short notice. [video]
The new Credit Card Consumers’ Bill of Rights has done nothing to change that.
But when Citibank recently closed a number of Mastercard accounts — co-branded with oil partners such as Shell, Citgo, ExxonMobil and Phillips 66-Conoco — it did so on very short notice. [video]