This is actually happening with MANY banking institutions that serve the credit card industry. Since the mid point of last year they have been slowly
closing and cutting back on credit limits on people all over the US and other countries that they service.
My mother for one has been hit by this current tactic the banks are using to bring down their "bad" debt cost's. She has had AAA credit for MANY
years, always paid on time and allowed two cards and one store card to revolve with a slight balance to keep the credit score. Well toward the end of
last year around Thanksgiving she was in the store buying things to bring to MY home and they told her the card was rejected. She had this one cards
for over TEN YEARS! Then at Christmas same thing with another. Then her credit rating hit the floor. She tried to get a cell phone recently and found
out when they told her she could not get it!
This is happening with most of the banks not just Citi and it has been going on for sometime. If they aren't able to close an account they take it
from the AAA credit rating of 5-9% interest to up wards of 25-30% in some cases to get the people to close them on their own. Just pay attention to
the % of interest on your cards and when it hits the roof pay off what you can fast, they want it closed and have not yet done it. 
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