topic What is RAT? in General Credit Topics

What is RAT?

rosco75 — Wed, 11 May 2022 14:59:35 GMT

I have been reading some threads on cards and this abbv keeps poping up. I checked the common abbv thread located here:

https://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

I cannot find its meaning anywhere. Can someone please explain it to me? Typically I have seen it used when describing annual fees on cards and such.

Re: What is RAT?

pizzadude — Wed, 11 May 2022 16:01:24 GMT

"Rewards Abuse Team"

It's a term reported when people have been asked questions about their card usage, occasionally before creditors have taken AA or clawbacks against those who've pushed the envelope with things like gift card purchases / self referrals, etc...

Re: What is RAT?

rosco75 — Wed, 11 May 2022 16:24:58 GMT

Ahh i see - thank you for clarifying!

Re: What is RAT?

OmarGB9 — Thu, 12 May 2022 01:07:48 GMT

@pizzadude wrote:
"Rewards Abuse Team"

It's a term reported when people have been asked questions about their card usage, occasionally before creditors have taken AA or clawbacks against those who've pushed the envelope with things like gift card purchases / self referrals, etc...

Perhaps this could be added to the common abbreviations? @pizzadude @FinStar @gdale6 @UncleB @Remedios

Re: What is RAT?

FinStar — Thu, 12 May 2022 01:32:48 GMT

@OmarGB9 wrote:
@pizzadude wrote:
"Rewards Abuse Team"

It's a term reported when people have been asked questions about their card usage, occasionally before creditors have taken AA or clawbacks against those who've pushed the envelope with things like gift card purchases / self referrals, etc...
Perhaps this could be added to the common abbreviations? @pizzadude @FinStar @gdale6 @UncleB @Remedios

Thanks for the tag @OmarGB9. It has been added.