Industry Verticals · FinTech & BankingstructuralFintechBillingB2C

Credit Card Payments Applied to 0% Balance Instead of High-APR Purchases

Citibank systematically applies customer payments to promotional 0% balance transfers rather than high-APR balances, maximizing interest charges on the unpaid portion. This payment allocation practice continues despite customer service acknowledging the issue, as it is a structural policy, not an error.

1mentions
1sources
4.95

Signal

Visibility

7

Leverage

Impact

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Similar Problems

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Problem descriptions, scores, analysis, and solution blueprints may be updated as new community data becomes available.