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

Moderator

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

  • 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...


"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

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Message 1 of 9
8 REPLIES
Frequent Contributor

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

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. 

Message 2 of 9
Regular Contributor

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

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.

.:: Chase Amazon Prime Signature Visa | $7,000::.
.:: Wells Fargo Platinum | $3,000::.
.:: Target | $400::.
.::02.15.18::. EQ-758 | TU-764 | EX-761
Goal: 800+ EX:TU:EQ
Message 3 of 9
Established Contributor

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

I wouldn't mind a dollar or two.

Chase Disney Premier - $30k // Discover IT - $26,500 // Citi DC - $10,750 // Barclay Commence (formerly SM) - $5,650 // Amex Blue Delta Skymiles - $1,800

Isn't gardening for vegetables???
Message 4 of 9
Regular Contributor

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

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

Message 5 of 9
Frequent Contributor

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

The feds need to investigate BoA!


Message 6 of 9
Regular Contributor

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


@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. 


I agree 100%

Citi - Pay up!

Amex BCE | Discover | Chase Freedom | Citibank DC | SYNCB | Barclay Rewards | BoA Cash Rewards | CapOne QS | Chase CSR |
| Gotta make it to 800 this year |
Message 7 of 9
Regular Contributor

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

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

Message 8 of 9
Established Member

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

Where are you going to spend it?


Yes, just one card - by design.
May 2018 Score: 805 (FICO 9 - Experian)
Message 9 of 9