See, the term or the charge label on your credit card that appeared recently and goes something like OFFER 04 MOVED TO STANDARD PURCH, well, it is actually in simple plain English, yet it doesn’t explain anything. That’s precisely why a lot of people out there are actually so confused about it all, like many of them are even freaking out that their credit card details got leaked, maybe somebody else has access to it, or it could be that this is some scam going on with them or something like that. If you’re going through the same thought process, well just relax for a bit, it isn’t as fishy as that. You see, this charge appears on the credit card statements of the people who specifically have CitiBank credit cards.
And what is this charge exactly? Well, this is just the bank conveying the message to you that the good deal called the “offer 04” you had, well, it is not done and expired, so they’re switching back to the regular interest stuff. That’s all!
APR Made Super Easy, For Real
What’s this APR thing first of all? You see, this APR is just a short form of the Annual Percentage Rate, which is just another way of saying how much extra you’d have to pay when you borrow cash from your credit card. Simple as that! And right here in the USA, this APR is applied to every single credit card user out there.
It works like this, when you pay through your credit card or borrow the cash, let’s say $10, well, when the next month comes or the billion period, then you’d have to pay about $11, which means $1 is the interest here. Though keep in mind, this is just an example we’re giving you to explain things, the interest rates can be different for different banks and credit card companies.
And sometimes, yes, there are some deals going on with these credit card APRs, and that’s precisely what that “offer 04” thing is. Like, it could be that you got a deal that says that you don’t have to pay the interest rate aka 0% APR for a certain period. So, once the certain period is over, you’ll see something like “OFFER 04 MOVED TO STANDARD PURCH” on your credit card statement, you know, just as a reminder to let you know that the deal is over now.
What People Are Saying?
See, online, a lot of people are super confused about this thing showing up on their credit card statement because they’re not aware of these banking terms and how these credit card companies label things, you know? But there are a few who are helping others to understand what it is, but still, a lot of people are sceptical about this charge.
What If You Still Don’t Get It?
See, it could be that your head is still spinning, and you’re still confused about it. Maybe you read today’s post but you don’t trust just an online website telling you about this charge, right? Well, you can confirm it on your own too, like how? Nothing, just call CitiBank, and let them know about this charge showing up on your credit card statement, and they’ll clear up all your doubts. Simple as that!
