CLICK FOR CASH

Cash in a click.

Get the cash you need with Click for Cash, quick and easy.

Cash in a click.

 

Looking for means to provide for family expenses and pay bills?
Let Citi Click for Cash help you get the cash you need from your Citi Card.

Looking for means to provide for family expenses and pay bills?
Let Citi Click for Cash help you get the cash you need from your Citi Card.

Benefits
  • Light and affordable monthly payments
  • Flexible terms of 12, 18, 24, 36, 48 or 60 months
  • No application forms or income documents required for availments of less than P1million.
  • Get the cash within 3-7 days after approval*
  • Convenient cash disbursement by:
    a. Credit to checking/savings account (CASA), or
    b. Manager’s Check delivered to billing address**
  • A Disbursement Fee of P250 will be charged to your Citi credit card once your Click for Cash application is approved

*Average processing time. Actual processing time may vary from time to time
**An MC delivery fee of P50 will be charged to your account

Sample Computation

Tenor Converted Monthly Factor Rate* Effective Interest Rate**
12 1.99% 50.39%
18 1.99% 50.10%
24 1.99% 49.22%
36 1.99% 47.15%
48 1.99% 45.21%
60 1.99% 43.51%

How to compute for your monthly installment amount:

Click for Cash Amount × (  1   /   Term  +  Converted Monthly Factor Rate  )

The Converted Monthly Factor Rate in the sample above may be different from actual offer. Log on to your account to know your Click for Cash offer.

*The Converted Monthly Factor Rate, formerly referred to as "Monthly add-on rate", is presented as a guide that can be used to derive the monthly installment (interest plus principal).

Monthly Installment Due = Total Click for Cash Amount X [(1/Term) + Converted Monthly Factor Rate]

**The Effective Interest rates (EIR) above are based on interest computed on a fixed 30-day period per month. The actual EIR may be higher or lower as the interest portion of the first monthly installment due is computed based on the actual number of days from the approval date of the Installment Transaction to the Statement Date, which may be more or less than 30 days.

Citibank, N.A. Philippine Branch is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 708-7087 and e-mail address - consumeraffairs@bsp.gov.ph. For any concerns, you may contact us at (632) 995-9999 or send us a message through www.citibank.com.ph.

FAQs

Click on Plus Sign to expand and on Minus Sign to minimise the details.

Click for Cash is a special Cash Advance facility wherein select Citi Cardholders of good credit standing may avail of cash charged to the Citi Card and which together with applicable interest and other fees shall be paid for by the Cardholder on an installment basis.

Click for Cash is payable on an installment basis while Cash Advance does not have a fixed monthly installment.

To avail of Click for Cash, log on to your Citibank Online account. Under the Services tab, select Card Services then Click for Cash. If you do not have a Citibank Online account, you may register by clicking here.

Yes! You can call CitiPhone at 995 9999 to apply for Call for Cash. Do note, however, that by applying through CitiPhone, you may miss out on any exclusive web offers available for those who apply via Citibank Online.

Processing time will vary depending on the Click for Cash amount and mode of disbursement. If you choose to have the money deposited to your Checking/Savings account (CASA), you will receive the funds 3 to 5 business days. This is provided that the account details that you have given are correct. If you choose to have the Manager's Check to be delivered to your billing address, you will receive it within 5-7 business days, an MC delivery fee of P50 will be charged to your account. The processing time may be extended for an additional 1 to 3 business days if the CFC availment is greater than P150,000.

Log-on to your Citibank Online account or call CitiPhone at 995 9999 to find out if you qualify for Call for Cash.

You can pay off your availment prior to maturity. However, a Cancellation Processing Fee equivalent to 4% of the unbilled principal amount will be charged to your account

A confirmation page will be displayed upon successful processing of your Click for Cash request.

You may also check your pending Click for Cash transactions by selecting Services > Card Services in your home page and clicking on PayLite Inquiry under PayLite.

How To Apply

You can avail of a Click for Cash through your Citibank Online account and enjoy the following benefits:

  • Instant approval : Get feedback on your application on the spot.
  • Complete control : Navigate through your account and determine the most optimal tenor for you.
  • Exclusive offers : Avail of special offers exclusively available online.
  • Step 1
  • Step 2
  • Step 3
  • Step 4
  • Step 5
  • Step 6

No Citibank Online account? Click here to register.

You may also Call for Cash through Citiphone at 995 9999.

Please note that your application is subject to credit evaluation and approval.

Please continue to pay for at least the minimum amount due reflected on your statement of account before the due date to avoid unnecessary interest charges and late charge, and to maintain your credit history.

  • Credit Line Increase

TERMS AND CONDITIONS OF THE CLICK FOR CASH FACILITY

In these Terms and Conditions of the Click for Cash Facility (“Terms and Conditions”), “Card” means all credit cards issued by us, Citibank, N.A. (Philippine Branch) (also referred to as “we”, “our”, or “us”), while “you” refers to the select Citi principal Cardholders who are of good credit standing and who are eligible to avail of Click for Cash. By availing of Click for Cash, you agree to the following Terms and Conditions, and all applicable terms and conditions under the Citi Card Agreement and all related provisions of the Citi Installment Facilities:

  1. Click for Cash is a variant of Call for Cash which is available on Citibank Online. It is a special Cash Advance facility in Citibank Online wherein select Citi Cardholders of good credit standing may avail of cash charged against the Card and pay the same, together with applicable interest and other fees, on installment basis (“Installment Transaction”). We may at our option require a minimum availment amount to qualify for Click for Cash. The Click for Cash request will be subject to verification and credit approval by us. The approved Total Click for Cash Amount must not exceed the unused portion of your Citi Card Credit Limit.

  2. The monthly installment due of your Click for Cash transaction (the “Monthly Installment Due”) is included in the Minimum Amount Due in your Statement of Account until the total Installment Transaction and the applicable interest rate are paid in full.

       You may compute the Monthly Installment Due by using the following formula:

    Installment Transaction Amount x [1+(Converted Monthly Factor Rate x Term)]
    --------------------------------------------------------------------------------------------------
    Term

    The Monthly Installment Due comprises interest and principal components and is computed on a diminishing balance basis. The interest and principal components of the Monthly Installment Due vary each month and are computed as follows:
       • Interest component:
         Prior month's outstanding principal balance x monthly Effective Interest Rate (EIR). where monthly
    EIR = (1 + Annual EIR)1/12-1
       • Principal portion:
         Monthly Installment Due - interest component for the month.

  3. You agree to pay us interest on the Installment Transaction Amount on the dates specified in your Statement of Account at the applicable converted monthly factor rate with a corresponding effective interest rate per annum based on the outstanding principal balance and the Term as follows:

    NOTE: THE EFFECTIVE INTEREST RATES BELOW ARE BASED ON INTEREST COMPUTED ON A FIXED 30-DAY PERIOD PER MONTH. THE ACTUAL EIR MAY BE HIGHER OR LOWER AS THE INTEREST PORTION OF THE FIRST MONTHLY INSTALLMENT DUE IS COMPUTED BASED ON THE ACTUAL NUMBER OF DAYS FROM THE APPROVAL DATE OF THE INSTALLMENT TRANSACTION TO THE STATEMENT DATE, WHICH MAY BE MORE OR LESS THAN 30 DAYS.

    Term (Months) Converted Monthly Factor Rate* Annual Effective Interest Rate**
    12 1.99% 50.39%
    18 1.99% 50.10%
    24 1.99% 49.22%
    36 1.99% 47.15%
    48 1.99% 45.21%
    60 1.99% 43.51%

    *The Converted Monthly Factor Rate is presented as a guide that can be used to derive the Monthly Installment Due (principal plus interest).

    **The computation of Annual Effective Interest rate includes a Disbursement Fee of P250. In the event that the approved Click for Cash transaction will not be charged a disbursement fee, the actual EIR is lower.

  4. If you wish to cancel an Installment Transaction before its Term ends, you may do so without a prepayment penalty. In that case, you agree to pay in full the unpaid portion of the Installment Transaction Amount and the cancellation processing fee equivalent to 4% of the unbilled principal component of the Installment Transaction Amount, plus Interest Charges on the cancelled Installment Transaction from the last Statement Date until the date of cancellation. In case of promotions where we give you a premium item/s (which include promotional items, Usage Privileges, etc.), we may charge the full monetary equivalent of the premium item should you cancel the Installment Transaction.

    SUMMARY SCHEDULE OF FEES AND CHARGES

    Disbursement Fee P250 for each approved Installment Transaction
    Cancellation Processing Fee 4% of unbilled principal component of the Installment Transaction Amount
    Click for Cash Manager's Check Delivery Charge P50 shall be charged for the delivery of the Manager's Check availed under the Click for Cash facility

  5. The interest charge on the first Monthly Installment Due is computed based on the number of days from the approval date of the Installment Transaction to the Statement Date, which is the date when your Statement of Account is generated after each billing cycle. The interest on succeeding Monthly Installments Due is computed based on a fixed 30-day period. This will result in the first Monthly Installment Due being different from subsequent ones.

    CLICK FOR CASH SAMPLE SCHEDULE OF PAYMENT

    AMOUNT Php 10,000 TERM 12 MONTHS
    CONVERTED MONTHLY FACTOR RATE 1.99% ANNUAL EIR 50.39%
    APPROVAL DATE 1/1/2016 NEXT STMT DATE 1/31/2016
    INSTALLMENT DUE MONTH (MMYY) CLICK FOR CASH AMOUNT (Php) MONTHLY INSTALLMENT DUE INTEREST COMPONENT (Php) PRINCIPAL COMPONENT (Php) O/S PRINCIPAL BALANCE (Php)
    10,000 10,000
    0116 1,032.33 345.88 686.45 9,313.55
    0216 1,032.33 322.14 710.19 8,603.35
    0316 1,032.33 297.57 734.76 7,868.60
    0416 1,032.33 272.16 760.17 7,108.42
    0516 1,032.33 245.87 786.46 6,321.96
    0616 1,032.33 218.67 813.67 5,508.29
    0716 1,032.33 190.52 841.81 4,666.48
    0816 1,032.33 161.41 870.93 3,795.55
    0916 1,032.33 131.28 901.05 2,894.50
    1016 1,032.33 100.12 932.22 1,962.28
    1116 1,032.33 67.87 964.46 997.82
    1216 1,032.33 34.51 997.82 0.00
  6. You have the option to receive the Click for Cash transaction proceeds via credit to your bank account which should be solely under your name or through a Manager’s Check issued also in your name. In the event that you requested for Manager’s Check, you shall be charged the Click for Cash Manager’s Check Delivery Charge of Fifty Pesos (Php50.00). The Manager’s Check will be delivered to your billing address, and will expire in 60 days from approval date.

  7. If you pay less than the Total Amount Due indicated in your Statement of Account, the unpaid portion of the Monthly Installment Due is subject to the prevailing monthly retail Interest Charge. Interest is compounded monthly. Usual Late Charges also apply. Furthermore, if the Card account is past due for 60 days or more, the Installment Transaction will be cancelled. Any remaining unpaid balance will be billed to the Card account in full and will be subject to the prevailing monthly retail Interest Charge. Please refer to the Citi Card Fees and Charges for the prevailing rates, fees and charges. This can be viewed at www.citibank.com.ph.

  8. You acknowledge that your Installment Transaction will be maintained for the Term stated in the sales slip or other documents furnished to you and that we have already incurred cost of funds and committed yield to fund sources which finance the Installment Transaction. In case you pre-pay any Installment Transaction before the lapse of the Term, you agree to reimburse us for any loss or additional cost, including but not limited to processing the pre-payment.

  9. You understand that we prohibit the use of proceeds from unsecured credit facilities for investments into Citi wealth management products. You confirm that the proceeds from your Card will not be used for subscription into Citi offered wealth management and insurance products. In the event that the proceeds have been used for these purposes, we will be entitled to do all acts and things necessary to comply with our policies, including but not limited to liquidating your holdings of investments/insurance at that time. You agree to bear all costs and expenses that we may incur as a result.

  10. In case of (a) any change in law or regulations which gives rise to new additional taxes, higher reserve requirements or similar events, or (b) significant change in the economic environment, we may adjust any applicable charges and Installment interest even before the Term expires.

  11. All Installment Transactions are subject to the Citi Card Agreement and all related provisions of the Citi Installment Facilities.

  12. These Terms and Conditions should be read together with the Citi Card Agreement, to produce a result that is harmonious and consistent. In the event of any inconsistency or conflict between the provisions of these Terms and Conditions and the Citi Card Agreement, these Terms and Conditions shall prevail in relation to the Installment Transaction Amount applied under the Facility.

  13. Citibank, N.A. Philippine Branch is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 708-7087 and e-mail address - consumeraffairs@bsp.gov.ph. For any concerns, you may contact us at (632) 995-9999 or send us a message through www.citibank.com.ph.