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Rates & Fees.
Your guide to understanding the fees and charges of your Citi® Card.

Fees and Charges on Citibank Credit Cards
Below is the table of Citi Card Fees and Charges as of March 2023. These fees, charges and interest rates apply to all Citibank, N.A. Philippine Branch issued Credit Cards.
Annual Membership Fees

Rates & Fees
Annual Membership Fee
Card Type | Principal Card | Supplementary Card |
---|---|---|
Mercury Drug Citi | Php 2,000 | Php 900 |
Megaworld Citi | Php 2,000 | Php 1,000 |
Shell Citi | Php 2,500 (Gold) Php 2,800 (Platinum) |
Php 1,200 (Gold) Php 1,400 (Platinum) |
Citi Grab | Php 2,500 | Php 1,250 |
Citi Rewards | Php 2,500 | Php 1,250 |
Citi Simplicity+ | No Annual Membership Fee | No Annual Membership Fee |
Charge2Phone | Free | NA |
Citi Cash Back | Php 3,500 (Until January 19, 2021) Php 4,500 (Effective January 20, 2021) |
Php 1,750 (Until January 19, 2021) Php 2,250 (Effective January 20, 2021) |
Citi PremierMiles | Php 5,000 | Php 2,500 |
Citi Prestige | EXISTING: Php 12,000 NEW: Php 18,000 (Postponed until further notice) |
EXISTING: Php 6,000 NEW: Php 9,000 (Postponed until further notice) |
Citi Classic | Php 1,500 | Php 750 |
Citi Gold, Rustan's Citi Gold | Php 2,500 | Php 1,250 |
Cebu Pacific Citi | Php 2,800 | Php 1,400 |
• For Citigold bank accountholders of Citibank, N.A. – Philippine Branch, your Citi Gold Visa Card is free for life.
• For Citi Prestige Cardholders, the first billing of the Principal Card Annual Membership Fee will reflect on your first Statement of Account and the Fee will be billed yearly thereafter. The Principal Card Annual Membership Fee cannot be waived and must be settled in full to avoid incurring any fees and charges. The Citi Prestige Supplementary Card Annual Membership Fee is waived for up to seven (7) accounts.
• Cardholders who have qualified for the No Annual Fee promo will not be billed the Annual Membership Fee as long as they fulfill the promo requirements.
• If you had previously been given a waiver of the Principal Membership Fees for your Citi Rewards Card and Citi Cash Back Card subject to meeting a Php 180,000 annual spend, this waiver is no longer available.
Citi Card Interest rates
Retail Monthly Effective Interest Rate1 | 3.00%2,3 |
Citi Cash Advance Monthly Effective Interest Rate1 | 3.04% inclusive of the Citi Cash Advance Service Charge4 |
1Interest rates are quoted based on a 30-day period. For months with more (or less) than 30 days, the applicable interest rate shall increase (or decrease) accordingly. Interest is compounded monthly. In accordance with the Philippine Accounting Standards (PAS) definition, effective interest rate (EIR) is the rate that exactly discounts estimated future cash flows through the life of the loan to the net amount of loan proceeds. (BSP Circular No. 730, s2011)
2The applicable Retail Monthly Effective Interest Rate is 2.88% based on a Php 20,000 availment, on the assumption that the Cardholder pays the Minimum Amount Due one (1) day after the Statement Date.
3Your actual Retail Monthly Effective Interest Rate is indicated on your Monthly Statement of Account.
4The applicable Monthly Effective Interest Rate for Citi Cash Advance is 3.04% based on a Php 20,000 availment plus P200 Citi Cash Advance Service Charge, on the assumption that the Cardholder pays the Minimum Amount Due one (1) day after the Statement Date.
Other Fees and Charges for All Card Types
Citi Cash Advance Service Charge | Php 200 per Citi Cash Advance transaction. |
Monthly Late Charge | Php 1,500 or the unpaid Minimum Amount Due, whichever is lower. Late Charges do not apply to Citi Simplicity+ Card. |
Minimum Amount Due | Your Minimum Amount Due will be either: 1. Any Past Due Amount; 2. Billed Monthly interest component of interest-bearing installment/s; 3. Billed Interest charge; 4. Billed Late Charge; 5. Total Amount Due (which includes the billed Monthly Installments Due of your Citi PayLite NOW Installment Transactions and the billed Monthly Principal component of interest-bearing Installment Transactions for the month) less items 1 to 4, multiplied by the required payment percentage of 1%; and, 6.1% of the unbilled Principal of your Citi PayLite NOW Installment Transactions and unbilled Principal component of interest-bearing Installment Transactions. Please note that your Current Due (i.e. Minimum Amount Due less Past Due Amount) will always be at least P500 or the sum of: (a) Billed Monthly Interest Component of your interest-bearing Installment Transaction (b) Billed Interest Charge (c) Billed Late Charge (d) the remaining Total Amount Due multiplied by 1% and (e) 1% of the unbilled Principal of your Installment Transactions. Current Due may be less than P500 or the sum of items a-e for certain cases to ensure that Minimum Amount Due will not be greater than Total Amount Due. Or: The 1% of the unbilled Principal of your Citi PayLite NOW Installment Transactions and interest-bearing Installment Transactions is used only for the purpose of computing the Minimum Amount Due, but the same does not form part of your Total Amount Due for the month until it is actually billed. Interest charges will not apply to the portion of the unbilled Principal included in the computation of the Minimum Amount Due. Also, the payment you make corresponding to the said amount will be applied to reduce your billed balance in accordance with the clause on payment application in the Card Payment section of the Citi Card Agreement. |
Foreign Transaction Service Fee | All charges made in foreign currencies (whether online, overseas or local transactions) will be automatically converted to Philippine Peso on the posting dates at the prevailing exchange rate determined by Mastercard®/Visa. For transactions in foreign currencies other than US Dollar, the amount will first be converted to US Dollar before being converted to its Philippine Peso equivalent. A fee of up to 3.525% will be imposed on the converted amount which represents our service fee and assessment fees charged by Mastercard/Visa. |
Cancellation Processing Fee | Php 300 applicable to Citi PayLite, Citi PayLite after purchase, and Citi PayLite for bank transactions. |
4% of unbilled portion of the Principal Amount, applicable to Citi FlexiBill, Citi Balance Transfer and Citi Speed Cash. | |
Processing Fee | Php 900 for each approved Citi Balance Transfer transaction. Php 900 for each approved Citi Speed Cash transaction. Php 750 for each approved Citi FlexiBill transaction. Php 250 for each approved Citi PayLite after purchase transaction. |
Initial interest for Citi Balance Transfer, Citi FlexiBill, Citi PayLite after purchase, Citi PayLite for bank transactions, and Citi Speed Cash | (Approved Principal Amount x Monthly EIR x # of days from the approval date to the statement date) / 30 days |
Citi PayAll Transaction Fee | Up to 3% of Citi PayAll’s Payment Amount which will be charged in addition to the payment amount. |
Card Replacement Fee | Php 400 for each replacement card. |
Card Replacement Fee for Citi Prestige Card | Existing: Php 400 for each replacement card New: Php 800 for each replacement card (Postponed until further notice) |
Overlimit Fee | Php 1,500 or the highest overlimit amount during the billing period, whichever is lower, i) If your Relationship Balance, the balance across all your Citi Cards (including unbilled principal on installment transactions, if any, and excluding the bank-initiated charges) exceeds your Relationship Limit (RL), or (ii) where your Card is on Account Credit Limit, if your account balance (including unbilled principal on installment transactions, if any, and excluding the bank-initiated charges) exceeds your Account Credit Limit. The fee will apply on the same day you exceeded your RL or Account Credit Limit and will be charged to the Card with the transaction that caused the overlimit. The fee will be reflected on your Card’s next statement and will only be charged once per month. However, if your Relationship Balance or Account Balance remains overlimit in the succeeding months, the Overlimit Fee will be charged per month.
Overlimit Fees do not apply to Citi Simplicity+ Card. |
Returned Check Fee | Php 1,500 will be charged for every check that is returned or that bounces due to insufficiency of funds, uncollected deposits, stop payment order, closed account, alteration, erasure or deficiency, or for any other reason. |
Charge Slip Retrieval Fee | Php 250 for each charge slip retrieved upon your request, for whatever reason. The same amount will be charged to you for each charge slip retrieved by the Bank arising from an invalid dispute. |
Attorney's Fees & Other Judicial Expenses | In case of default in payment, you will need to pay, in addition to Late and Interest charges, the cost of collection and/or attorney's fees and litigation and judicial expenses, as applicable. |
Understanding Interest Charge
The applicable monthly interest rates for Retail Transactions and for Citi Cash Advance transactions ("Interest") are stated in your Statement of Account. The applicable monthly effective interest rates ("EIR") for Retail Transactions and Citi Cash Advance transactions are stated in the Citi Card Fees and Charges. Interest rates are quoted based on a 30-day period. For months with more (or less) than 30 days, the applicable Interest rate shall increase (or decrease) accordingly. Interest is compounded monthly. In accordance with the Philippine Accounting Standards (PAS) definition, effective interest rate (EIR) is the rate that exactly discounts estimated future cash flows through the life of the loan to the net amount of loan proceeds (BSP Circular No. 730, s2011).
If you pay (or had paid) less than the Total Amount Due indicated in your current (or previous) Statement of Account, all Card Transactions and any amounts charged to your Card, including the unpaid portion of the billed Principal component of Monthly Installments Due of your Citi PayLite NOW transactions and interest-bearing installment transactions shall incur Interest until such time that you have paid the total outstanding balance on your Card in full. Interest is compounded monthly.
We charge interest as follows:
- We compute interest daily on Cash Advance starting on the transaction date.
- Retail Transactions, fees and charges, and the principal amount/s of the Monthly Installment/s Due are charged interest daily starting the day after they are billed on your SOA.
- Unpaid balances from prior SOAs will be carried over to your current SOA and charged interest daily until fully paid. The computed Interest on the unpaid amount of the previous balance will be charged on your next SOA (“Residual Interest”).
Any credits, payments, and/or other adjustments made are deducted from the unpaid balance on their respective transaction dates.
We multiply the respective items above per day by the daily Interest rate (which is the monthly Interest rate divided by 30) to determine the daily Interest. We add up all the daily Interest to determine the total Interest for the billing period. Interest is compounded monthly.
We do not compute Interest on any credit balance.
Although the monthly interest rates are as stated in your SOA, the total Interest you pay on an annual basis may be higher depending on the amounts you pay and when you pay. You can save on Interest when you pay more than the Minimum Amount Due and/or pay earlier. Paying less than the Total Amount Due will increase the amount of Interest and other charges you pay and the time it takes to repay your balance.