FEES & CHARGES

Rates & Fees.

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

Credit card fees, charges & interest rate

Citi Card Fees and Charges

Below is the table of Citi Card Fees and Charges as of November 2020. These fees, charges and interest rates apply to all Citibank, N.A. Philippine Branch issued Credit Cards.

 

Annual Membership Fees

Fees Charges

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.

 

Interest Rates

 

Retail Monthly Effective Interest Rate1 Effective until November 2, 2020: 3.50%2,4
Effective starting November 3, 2020: 2.00%3,4
Citi Cash Advance Monthly Effective Interest Rate1 Effective until November 2, 2020: 3.63% inclusive of the Citi Cash Advance Service Charge5
Effective starting November 3, 2020: 2.04% inclusive of the Citi Cash Advance Service Charge6

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 3.50% 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.

3The applicable Retail Monthly Effective Interest Rate is 2.00% 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.

4Your actual Retail Monthly Effective Interest Rate is indicated on your Monthly Statement of Account.

5The applicable Monthly Effective Interest Rate for Citi Cash Advance is 3.63% based on a Php 20,000 availment plus P600 Citi Cash Advance Service Charge, on the assumption that the Cardholder pays the Minimum Amount Due one (1) day after the Statement Date.

6The applicable Monthly Effective Interest Rate for Citi Cash Advance is 2.04% 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 Effective until November 2, 2020: Php 500 or 3% of Citi Cash Advance Amount, whichever is higher.
Effective starting November 3, 2020: Php 200 per Citi Cash Advance transaction.
Monthly Late Charge Effective until January 7, 2021: Php 850 or the unpaid Minimum Amount Due, whichever is lower.
Effective starting January 8, 2021: 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 is:

  1. Your Total Amount Due if it is less than or equal to Php 500; or
  2. The sum of the items below or Php 500, whichever is higher:
    1. Any Past Due Amount;
    2. Monthly Installments Due for the month;
    3. Interest charge;
    4. Late Charge; and
    5. Total Amount Due less items 1 to 4, multiplied by the required payment percentage of 1%.
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.
Disbursement Fee
(Effective until October 29, 2020)
Php 250 for each approved Citi Balance Transfer transaction.
Processing Fee Effective until October 29, 2020:
Php 500 for each approved Citi Speed Cash transaction.
Php 250 for each approved Citi FlexiBill transaction.

Effective starting October 30, 2020:
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 lost or stolen Card.
Card Replacement Fee for Citi Prestige Card Existing: Php 400 for each lost or stolen Card
New: Php 800 for each lost or stolen Card (Postponed until further notice)
Overlimit Fee Effective until January 7, 2021: Php 750 or the overlimit amount, whichever is lower, and effective starting January 8, 2021: 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.

 

Interest Charge

All Card Transactions and any amounts charged to your Card shall incur Interest.

We charge interest as follows:

  1. We compute interest daily on Cash Advance starting on the transaction date.
  2. 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.
  3. 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.