More than 4,800 consumers defrauded by National Card Monitor LLC, a telemarketing operation that promised to lower consumers’ credit card interest rates for an advance fee, are receiving refund checks from a settlement with the Federal Trade Commission.

The Arizona-based company, starting in early 2011, cold-called consumers nationwide and falsely claimed it could get one or more low-rate credit cards for consumers, onto which they could then transfer their current balances. On the call, National’s telemarketers requested an advance fee of between $499 and $599 from consumers, assuring them that they would receive a full refund if they did not get a new card.

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