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

Rossi Brawler 01
Rossi Brawler 01

New For 2025: Rossi Brawler In 5.56 NATO & .300 Blackout

Building on the .45 Colt/.410 bore Brawler introduced in 2024, Rossi USA is expanding its line of break-action handguns to include chamberings in 5.56 NATO and .300 Blackout.

Preview: Winchester Supreme W20-60X 80 mm Spotting Scope

Sure, the skilled use of your firearm is vital to the success of any big-game hunting adventure, but you’ll first need to find your quarry, and Winchester’s new Supreme line of optics includes a pair of reasonably priced spotting scopes that can help put you on the trail of your target animal.

Gun Of The Week: Heritage Mfg. Roscoe

Welcome to another American Rifleman Gun Of The Week video, and this time, we’re checking out a revolver fit for all the private eye wannabes and film noir fans out there. This is the Roscoe from Heritage Manufacturing.

The Armed Citizen® May 30, 2025

Read today's "The Armed Citizen" entry for real stories of law-abiding citizens, past and present, who used their firearms to save lives.

Nazi Germany's Last-Ditch SMGs Of World War II

As the war in Western Europe began reaching its inevitable conclusion, German efforts to expedite arms production led to some of the most unusual submachine guns in its arsenal.

New Optics For 2025

For 2025, your American Rifleman staff engaged with the latest optic products available for the year, with a few of the most interesting noted here.

Interests



Get the best of American Rifleman delivered to your inbox.