Citi to Refund $335 Million After Finding Card APRs Too High

[gdale6]

• Bank says some rates didn’t reflect improved customer behavior
• Lender discovered issue and self-reported to regulators

https://www.bloomberg.com/news/articles/2018-02-23/citi-to-refund-335-million-after-finding-card-apr...

[minski]

I'm hoping for a refund. Had absolutely no derogs and perfect payment but my APR remains high compared to, say, Chase. I had a year or two where I did carry balances so it affected me. 

[ShatteredK]

I just saw this on my Google new feed recently. And saw it was posted on here. I don't have a Citi card but interesting nonetheless.

[Anonymous]

I wouldn't mind a dollar or two.

[Anonymous]

Methinks today is a fine day to phone Citi for my long-awaited interest-rate reduction.

[Anonymous]

The feds need to investigate BoA!

[Anonymous]

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@minskiwrote:

I'm hoping for a refund. Had absolutely no derogs and perfect payment but my APR remains high compared to, say, Chase. I had a year or two where I did carry balances so it affected me. 

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I agree 100%

Citi - Pay up!

[Anonymous]

Received my refund check yesterday, $1.01. Member of Citi DC since August 2017.

[silvius]

Where are you going to spend it?