It’s been a year and a month since the deadline and I can’t seem to find any information on the progress of this. Most everything I have been able to find is from May 2008 and before. Does anyone know how long this will take?

Thanks!

Dave in Maine

If anyone has additional insights, please correct me if I am wrong- I hope I am.

SEE BELOW:
This is in response to your e-mail pertaining to the Currency Conversion Fee Antitrust Litigation.

If your credit card number changed and you still are with the same credit card company, you may use the current account number found on your card. Please retain any paperwork used as a basis for your claim.

If you have any additional questions, you may contact us in writing at the address found on the website, by e-mail through the contact section of our website at http://www.CCFSettlement.com or by telephone at 1-800-945-9890.

Sincerely,

Settlement Administrator
P. O. Box 290
Philadelphia, PA 19105-0290

One thing that many people do not know is that Option 2 actually has a $25 minimum recovery (subject to pro-rating), just like Option 1 does. So there is no reason really for anyone to choose Option 1. Option 2 guarantees a return of at least as much as Option 1, and maybe more.

Furthermore, since ATM card numbers are usually automatically changed when you receive a new card every two or three years you may be again be out of luck if you didn’t keep the old ATM card. I still had my bank statements from those years, but the statements did not have the ATM card number on it. Using some old ATM receipts that I had kept for record keeping I was able to research the ATM card numbers I used for my transactions (too bad, Citibank!).

If you don’t have your ATM card number, they may reduce your refund. The settlement web site states: “If your claim is for a personal account and you do not have the account number (or if you choose not to provide it), you may provide the last 4 digits of your Social Security Number instead. However, your refund may be reduced if you do not provide your account number because the Settlement Administrator may not be able to verify the full amount of your refund.”

From a bit of searching, I learned that the estimate is based on the Department of Commerce Annual Survey of International Air Travelers. I googled this term and found the following website: “http://tinet.ita.doc.gov/cat/f-2006-101-001.html.” Depending on whether you travel primarily for leisure or business, the ave. daily rate for 2006 is somewhere between $80 and $129 (the 1996 figures are about $10 below that [$71 - $120]). Obviously, its anyone’s guess as to exactly how they will apply these figures, but I was happy to at least find some ballpark figures to help me decide whether to go with Option 2 or Option 3. Hope this helps others, too!

Copies of my statements have been available since I have had the Citibank credit cards (1993). Citibank allows you to request six at a time…they usually are available the next day to see and download. They are ’stored’ on line for you to review for 7 or 8 days. I have been requesting 6 a day for about the past three weeks and almost have all my historical records completed.

Once you register to access your account on line to view statements and then click ‘request a PDF statement’. Good luck!