Citibank offers lower interest fees - with a catch

November 20, 2009 3:08:44 PM PST
There's a new way for some credit card holders to lower interest charges. Citibank is offering lower interest fees for customers who meet a monthly spending requirement. That requirement varies depending on a person's credit history. But it could be as high as several hundred dollars.

Customers who meet the spending minimum will be eligible for a rebate on their total interest charges each month.

The move comes as the credit card industry pushes through changes before sweeping credit card reforms go into effect next year.