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