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Nordstrom to pay back $72 million to customers for overcharging credit interest

The retailer is now reaching out to individual card holders who were over-charged

SEATTLE, Wash — If you have a Nordstrom credit card, you may want to check your account because you may be getting some money back. 

Back in November, the retailer announced that it owed some credit cardholders $72 million after it had charged too much for interest. 

After time assessing the issue, the company has begun reaching out to individual cardholders. 

The error impacts about 4% of the company's credit cardholders and the majority will be getting refunds at around $100 or less.

RELATED: Analysts weigh in on what's next for Seattle-based Nordstrom

In a statement sent to KING 5, a Nordstrom spokesperson said: 

"We have taken steps to ensure the problem is addressed and does not happen again. We have adjusted the interest rates on impacted accounts and are currently reaching out to impacted customers to offer them either a credit or check for amount they were overcharged."

The company answers some more questions on its website. You can also call 888-595-0651 for questions related to the credit issue. 

You can still use your credit card as Nordstrom works to pay back customers. 

RELATED: Nordstrom closing at Seattle's Northgate Mall this August

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