CITI charges treated as cash advance
Apparently at least some CITI CCs treat charges from financial institutions as cash advances. My mortgage processing fee (not a payment) appeared on my statement as a cash advance. The mortgage bank says they did a regular charge, they cannot do a cash advance for this transaction. CITI rep claims there was a notice saying that CITI will treat all financial institution charges as a cash advance, but agreed to remove the charges and fees as one-time exception.
Treating something that is not a cash advance as a cash advance is a highly misleading practice that appears to be relatively new. What's next -- charges by state agencies (like DMV) treated as cash advances?
To avoid surprises, it would be helpful to compile a list of CCs that do this. I'll start: CITI Platinum Amex.
Last edited by FreFly; Jun 20, 2010 at 2:55 am