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| Home>Newsroom > October 2002 |
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| Media Release - 04-10-2002 |
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| Newsroom |
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| Citibank Drops Credit Card Rates |
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| Thursday 4th October 2001: |
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| Citibank today announced it will reduce its credit card interest rates by 0.25 percent. |
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| This decrease provides all Citibank credit card customers with the full benefit of yesterday's Reserve Bank decision to reduce the cash rate by 25 basis points. |
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| The new rate will apply to all Citibank Silver, Gold and Platinum Visa and MasterCards, all of which offer a highly regarded Rewards programme, including retail products, store vouchers, charity redemption options and Qantas Frequent Flyer Points. |
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| Effective from November the interest rate on all Citibank credit cards will be 17.45%. |
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| For media enquiries: |
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| Please E-mail: newsroom.australia@citigroup.com |
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| Citigroup (NYSE: C), the preeminent global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com |
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