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Specific Examples: Citi Annual FeesEffective April 2010• Citi continues to assess annual fees on selected Citi Card and Diamond Preferredaccounts due to the “rising cost of doing business”:― Annual fee of $60 being added― Annual fee will be waived and credited back each year if that year‟s totalpurchases, less any returns, is greater or equal to $2,400 (each year begins April1 st and ends March 31 st )Example: Citi Card and Citi Diamond Preferred Card Annual FeeCopyright © 2010 Lightspeed Research. Proprietary and Confidential. All rights reserved. 26
Specific Examples: Chase Changes in APRs• Chase has sent several notices focused on re-pricing purchase, balance, cashadvance and overdraft advance APRs for many different card products.• These changes have been made “in response to market conditions, new federal lawsand regulations, and increasing costs.”― Purchase and Balance Transfer APRs:• Chase Card: Prime + 10.99, Prime + 17.99, Prime + 18.99, Prime + 21.99, Prime +23.99, Prime + 24.99, Prime + 25.99• Chase Visa, MasterCard: Prime + 24.99, Prime + 25.99• Chase Free Cash Rewards: Prime + 4.74― Cash Advance APRs:• Chase Card: Prime + 19.99, Prime + 24.99, Prime + 25.99• Chase Visa, MasterCard: Prime + 24.99, Prime + 25.99• Chase Free Cash Rewards : Prime + 15.99― Default APR:• Chase Card: Prime + 26.99 (maximum of 29.99)― Overdraft Advance APRs:• Chase Free Cash Rewards : Prime + 15.99• Chase Card: Prime + 15.99, Prime + 17.99, Prime + 18.74, Prime + 22.99, Prime +24.99, Prime + 25.99, Prime + 26.74• Chase Visa, MasterCard: Prime + 22.99, Prime + 24.99, Prime + 25.99Copyright © 2010 Lightspeed Research. Proprietary and Confidential. All rights reserved.27
Page 1: Credit Card Issuers' Responses toU.
Page 4: Credit CARD Act - Consumer Protecti
Page 7 and 8: Credit CARD Act - Consumer Protecti
Page 9 and 10: Credit CARD Act - Consumer Protecti
Page 11 and 12: Credit CARD Act - Enhanced Consumer
Page 13 and 14: Credit CARD Act - Protection of You
Page 15 and 16: About the Credit Card Terms Trackin
Page 17 and 18: Recent Highlights• In the weeks l
Page 19 and 20: Cardholders Receiving Changes in Te
Page 23 and 24: Comparison of Balance Transfer (and
Page 25: Specific Examples: Bank of America
Page 29 and 30: Specific Examples: Citi Special Off
Page 31 and 32: Specific Examples: New Easy-to-Unde
Page 33 and 34: New Card and Existing Account Offer
Page 35 and 36: Pricing / Duration Competitive Summ
Page 37 and 38: Promotional Rate Examples (Continue
Page 39 and 40: Debit Card OverdraftsCredit cards a
Page 41 and 42: Appendix Slides: Competitive Summar
Page 43 and 44: Appendix: Competitive Summary -- Pa
Page 45 and 46: Appendix: Competitive Summary -- Tr

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