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.
- Light and affordable monthly payments
- Flexible terms of 12, 18, 24, 36, 48 or 60 months
- No availment fees
- No application forms or income documents required
- Convenient cash delivery by:
a. Credit to savings/checking account (CASA), or
b. Manager's Check*
- Get the cash within 3-5 days after approval**
* An MC delivery fee of P50 will be charged to your account.
**Average processing time. Actual processing time may vary from time to time.
|Tenor||Converted Monthly Factor Rate||Effective Interest Rate|
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]
Citibank, N.A. Philippine Branch is regulated by the Bangko Sentral ng Pilipinas. For any concerns, you may send us a message via www.citibank.com.ph or call the BSP Financial Consumer Protection Department at 708-7087.
Click on to expand and on 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 our 24-hour hotline at 423 3888 to apply for Call for Cash. Do note, however, that by applying through CitiPhone, you may miss out on any exclusive web offers which are 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 our 24-Hour Hotline to find out if you qualify for a 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.
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.
No Citibank Online account? Click here to register.
You may also Call for Cash through our 24-Hour Sales Hotline at 423 3888.
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 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:
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 Citibank 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. The Bank may at its option require a minimum Cash Advance amount to qualify for Click for Cash. The Click for Cash request will be subject to verification and credit approval by the Bank. The approved Total Click for Cash Amount must not exceed the unused portion of the Cardholder's Citibank Card Credit Limit.
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.
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 BETWEEN APPROVAL DATE AND ONE DAY BEFORE 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).
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
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
The interest charge on the first Monthly Installment Due is computed based on the number of days between the approval date of the Installment Transaction and 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 1/1/2015 NEXT STMT DATE 1/31/2015 INSTALLMENT DUE MONTH (MMYY) CALL FOR CASH AMOUNT (Php) MONTHLY INSTALLMENT DUE INTEREST COMPONENT (Php) PRINCIPAL COMPONENT (Php) O/S PRINCIPAL BALANCE (Php) 10,000.00 10,000.00 0115 1,032.33 345.88 686.45 9,313.55 0215 1,032.33 322.14 710.19 8,603.35 0315 1,032.33 297.57 734.76 7,868.60 0415 1,032.33 272.16 760.17 7,108.42 0515 1,032.33 245.87 786.47 6,321.96 0615 1,032.33 218.67 813.67 5,508.29 0715 1,032.33 190.52 841.81 4,666.48 0815 1,032.33 161.41 870.93 3,795.55 0915 1,032.33 131.28 901.05 2,894.50 1015 1,032.33 100.12 932.22 1,962.28 1115 1,032.33 67.87 964.46 997.82 1215 1,032.33 34.51 997.82 -
In the event that you requested that the Click for Cash transaction proceeds be delivered through a Manager's Check issued in your name, 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.
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.
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.
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.
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.
All Installment Transactions are subject to the Citi Card Agreement and all related provisions of the Citi Installment Facilities.
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.