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 May 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 P2,000 P900
Megaworld Citi P2,000 P1,000
Shell Citi P2,500 (Gold)
P2,800 (Platinum)
P1,200 (Gold)
P1,400 (Platinum)
Citi Grab P2,500 P1,250
Citi Rewards P2,500 P1,250
Citi Simplicity+ No Annual Membership Fee No Annual Membership Fee
Charge2Phone Free NA
Citi Cash Back P3,500 P1,750
Citi PremierMiles P5,000 P2,500
Citi Prestige EXISTING: P12,000
NEW: P18,000 (Postponed until further notice)
NEW: P9,000 (Postponed until further notice)
Citi Classic P1,500 P750
Citi Gold, Rustan's Citi Gold P2,500 P1,250
Cebu Pacific Citi P2,800 P1,400

• 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 P180,000 annual spend, this waiver is no longer available.


Interest Rates


Retail Monthly Effective Interest Rate1 3.50%2,3
Citi Cash Advance Monthly Effective Interest Rate1 3.63% 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 3.50% based on a P20,000 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 3.63% based on a P20,000 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.


Other Fees and Charges for All Card Types


Citi Cash Advance Service Charge P500 or 3% of Citi Cash Advance Amount, whichever is higher.
Monthly Late Charge P850 or the unpaid Minimum Amount Due, whichever is lower.
Late Charges do not apply to Citi Simplicity+.
Minimum Amount Due

Your Minimum Amount Due is:

  1. Your Total Amount Due if it is less than or equal to P500; or
  2. The sum of the items below or P500, 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 Visa/Mastercard. 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 Visa/Mastercard.
Cancellation Processing Fee P300 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 P250 for each approved Citi Balance Transfer transaction.
Processing Fee P500 for each approved Citi Speed Cash transaction.
P250 for each approved Citi FlexiBill 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 P400 for each lost or stolen Card.
Card Replacement Fee for Citi Prestige Card Existing: P400 for each lost or stolen Card
New: P800 for each lost or stolen Card (Postponed until further notice)
Overlimit Fee
(Effective December 1, 2019)
P750 or the overlimit amount, whichever is lower, (i) if your Relationship Balance, the balance across all your Citi Cards (including unbilled principal on installment transactions, if any) exceeds your Relationship Limit (RL), or (ii) where your Card is on Account Credit Limit, if your account balance 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+.
Returned Check Fee P1,500 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 P250 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.