FlyerTalk Forums - View Single Post - Citi AA Card - not crediting first payment until 14 days.
Old Jan 23, 2022 | 12:24 am
  #5  
Centurion
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Join Date: May 2002
Location: Arizona
Posts: 5,896
Citi is protecting themselves with a type of common credit card fraud called a "BUST OUT" . In the old days the criminal would get a big credit line and pay it with a check that was fraudulent or would bounce. The goal as a criminal would be to double the high credit limit and then leave the bank holding the bag or debt. The fraud term is known as a BUST OUT in the credit card banking industry

Last edited by Centurion; Jan 26, 2022 at 11:14 am
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