Fear & Loading: Citi Excludes Guns, Ammo From New Credit Card Protection Policy

by
posted on May 30, 2018
citi.jpg

Effective July 29, Citi will no longer cover firearm or ammunition purchases under its credit card purchase protection program. The previous policy, which went into effect May 15, 2016, didn’t include the gun-related exclusion.

The new terms explain [PDF, page 26]—under the “Damage & Theft Purchase Protection” clause—a variety of products and services that do not qualify for reimbursement.  “Firearms or ammunition” are last on the list. The words were not included in the previous version [PDF, page  22].

                                                

Guns and fodder are also no longer covered by the financial firm’s “90 Day Return Protection” [page 32] for its credit card users, another change from the previous document [pages 27 and 28]. The same words have also been inserted in the “Price Rewind” section.

Reader and former U.S. Marine Corps sniper Bernie Oliver brought the changes to our attention. He considered the previous coverage valuable, partly due to return policies that vary wildly between sporting goods stores.  

The anti-Second Amendment policy is nothing new for the firm. On March 22 Citigroup announced a “U.S. Commercial Firearms Policy,” in which it dictated that its clients not sell “… bump stocks or high-capacity magazines … ” In addition, only customers 21 or older can purchase a firearm in stores using its services. 

Citi isn’t the only financial institution applying economic clout to leverage its morals, though. Bank of America announced in April that makers of modern sporting rifles would no longer qualify for loans from the company. The world’s largest asset investment firm, BlackRock, challenged publicly traded gun companies to explain how they monitor their product’s use/safety earlier this year—forcing a response from American Outdoor Brands and others at the implied threat. More recently, a proposal passed at Ruger’s annual meeting of stockholders, prompting this response from the famed firm.

Latest

Man wearing American Rifleman ballcap standing outdoors shooting Rock River LAR-15M in .17 HMR green leaves background
Man wearing American Rifleman ballcap standing outdoors shooting Rock River LAR-15M in .17 HMR green leaves background

Rifleman Review: Rock River Arms LAR-15M .17 HMR

Building a reliable semi-automatic rifle chambered for the .17 HMR can be a challenge, but Rock River Arms seems to have solved the issue with its unique RRA .17 HMR AR-style rifle.

New For 2025: Tanfoglio Hexagon Tactical & Hexagon P

Tanfoglio manufactures CZ 75 pattern pistols in a variety of forms, and for 2025, the company is adding two new variants to its lineup with the Hexagon Tactical and Hexagon P.

See New Guns & Gear At The NRA's Annual Meetings In Georgia

Freedom-loving American patriots gather every spring at the NRA Annual Meetings & Exhibits to celebrate their liberty and check out the newest crop of guns, optics, ammunition and accessories. This year, 2025, the fun will take place in Atlanta, Ga.—we hope to see you there!

Rifleman Q&A: A Hornet In Father’s Attic

From the pages of the April 2025 American Rifleman, learn about a Savage rifle in .22 Hornet that was found in an attic. 

Spring Into Savings With Federal & Remington Ammo

Two of the industry’s finest began offering ammunition rebates on April 1 and the special savings continue through June 30.

The Revolutionary Art Of Don Troiani

By using surviving artifacts, eyewitness testimony, accurately reproduced uniforms, original firearms and the thorough study of battle sites, Don Troiani has done more than imagine what happened 250 years ago. His art is as close as it can get to a true representation of what period combat would have looked like.

Interests



Get the best of American Rifleman delivered to your inbox.