I first received this card in 2006 -- one year after I started college. I'm broke and of course love free stuff. Someone was on campus handing out coupons for free sub sandwiches. Who wouldn't go get one? Well, to use the coupon you had to sign up for a Citi mtvU credit card. I figured since I had no credit history or co-signer, I wouldn't even be approved. I was wrong and received the card -- which had a $3000 limit (that's ridiculous) -- and just started charging everything to it. I had no job and no knowledge of anything to do with credit cards. I always paid it on time and they would raise the credit limit every 6 months. Eventually it was up to $6500. At that point I contacted them and asked them not to increase it anymore and to lower the limit. That's when my interest rate started increasing every 6 months instead. It went from 11% to 19% in a year and a half. This should have been illegal for them to do. Of course they got what they wanted -- uneducated college students who would just spend and spend. I'm happy to say that it's paid off and I cut up the card. I didn't close it because it's my longest credit history. Beware!
Salt Lake City, UT