The story on rate-jacking in today’s New York Post struck home because it just happened to me. Citibank used some of its government bailout money to send me a letter raising the effective annual percentage rate on my Visa card almost 50% higher than it had been, and informed me that unless I accepted the new rate, the card would be cancelled on expiration. What to do? I let them jack the rate because it’s an airline rewards card (and I pay it off in full every month, anyway). But I am also moving all my savings and checking accounts, which had been at Citi forever, to another bank. Maybe Vikram Pandit will get the message if others do the same.