Citibank Credit Card Complaint

Balance transfer

Citibank Credit card department,

Balance transfer New York

I took a 0 % interest credit card transfer from my at & t Universal Card. The interest free period was to end - -, -. I set up auto payments to insure the entire amount transferred would be paid off before the interest free period ended. I took a separate second 2.9 % interest balance transfer that is to end - -, -. I inquired with the company that if I did that would it interfere with paying off my 0 % transfer. They advised me if I paid the minimum payment, any amount above would go to my balance that was expiring first. I paid off more than my 0 % transferred amount before - -, - ( I owed $1300.00 and I paid $2100.00 by - -, - ). The manager today told me as per the Federal Government they pay off the higher interest first, even though I specifically designated this payment to go to the one where I would be hit with a balloon back interest payment. So rather than being charged $35.00 for 2.9 % interest they are charging me $1300.00 for not paying the transferred balance by - -, -. It is ridiculous!!!

Citibank customer in New York
Feb 27, 2017

* Source: CFPB Complaint Database

Citibank response to complaint:
Closed with monetary relief

Created with Highcharts 4.2.3CitibankComplaint HistoryComplaints12/20112/20123/20124/20125/20126/20127/20128/20129/201210/201211/201212/20121/20132/20133/20134/20136/20138/20139/201311/201312/20131/20142/20143/20144/20145/20147/20148/201410/201411/20141/20153/20154/20155/20157/20158/201510/201511/20151/20163/20164/20165/20166/20167/20168/20169/201610/201611/201612/20161/20172/20173/20174/201702468Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3CitibankBalance transfer49.3%34.3%5.2%7.5%3.7%Closed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageBalance transfer0.2%8.2%5.6%4.6%0.7%26.5%53.9%0.2%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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http://online.citibank.com/
800-870-1073
701 E 60th St N
Sioux Falls ND 57104
Citibank
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