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The refunds will total $335 million, which works out to about $190 per account. "A lot of people accept credit cards without reading the fine print," Pamela Banks,

Citi Group Inc., one of the world’s largest credit card issuer,s announced Friday.

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Now here’s a money story with an unusual twist: A bank paying its credit card.

"Citi has semiannually reviewed U.S. credit card accounts that experienced an interest rate. In the latest case, Citigroup will issue refunds, or in some instances reduce an account balance, for 1.75 million affected accounts, the.

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Chris had a pretty simple request. He writes that he wanted his credit card issuer, Citibank, to save a few trees and save him some legwork, and credit his rewards to his account instead of cutting a check. No one in the Citibank call.

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“Citi has semiannually reviewed U.S. credit card accounts that experienced an interest rate. The company will find customers who no longer have an account with the bank and make sure they receive their refund,” Campbell continues.

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"Citi has semi-annually reviewed U.S. credit-card accounts that experienced an interest-rate. In the latest case, Citigroup will issue refunds, or in some instances reduce an account balance, for 1.75 million affected accounts, the.

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said Friday that it failed to lower interest rates for some credit-card customers as required by federal law. The bank said it plans to issue around $335 million in refunds to affected customers, or about $190 on average per affected account.

Some Citigroup credit card holders may be surprised to be getting a refund after.

Citigroup recently announced that it would issue refunds to some 1.75 million credit cardholders who had been. or an average of $190 per account. Fixing the error.

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The bank will issue refund checks and letters of explanation to customers in the.

For cardholders — with Citi or any issuer — who are currently paying a penalty.

"Many people don’t know their interest rate," says Majd Maksad, a former Citi executive and CEO of. in full immediately or defaulting your account. But since.

"Citi has semi-annually reviewed U.S. credit-card accounts that experienced an interest-rate. In the latest case,

The company reports the average refund will amount to about $190 per account –.

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