Below is a table of Citibank Credit Card Fees and Charges as of January 2014. For the latest and updated Citibank Credit Card Terms and Conditions, please visit www.citibank.com.ph
|Annual Membership Fees||Principal Card||Supplementary Card|
Shell Citi Classic
Mercury Drug Citi Classic
|Citi Rewards, Megaworld Citi||P2,0001||P1,0002|
|Citi PremierMiles, Rustan's Citi Gold||P2,500||P1,250|
|Citi Cash Back, Cebu Pacific Citi, Mercury Drug Citi Gold||P2,8001||P1,400|
|Shell Citi Gold||P3,000||P1,500|
|Citi Platinum, Citi PremierMiles Platinum, Rustan's Citi Platinum||P5,000||P2,5003|
1 For Citi Rewards, Megaworld Citi and Citi Cash Back Cards, the succeeding Principal Card annual fee will automatically be waived when the cardholder's annual spend is at least P180,000 every membership year.
2 The first two (2) Supplementary Cards for the Megaworld Citi Card are free for life. The first three (3) Supplementary Cards for the Citi Rewards Card are free for as long as each Supplementary Cardholder is active in a membership year.
3 The first Supplementary card for a Citi Platinum/PremierMiles Platinum /Rustan's Citi Platinum is free for life.
|Card Type||Citibank Classic/Cash Back MasterCard/Cebu Pacific Citibank Visa/Megaworld Citibank/Mercury Drug Citibank Classic/Rewards/Shell Citibank Classic Cards||Citibank Gold/PremierMiles/Mercury Drug Citibank Gold/Rustan's Citibank old/Shell Citibank Gold Cards||Citibank Platinum/PremierMiles Platinum/Rustan's Citibank Platinum Cards|
|Retail Monthly Effective Interest Rate4||3.50%||3.25%||2.75%|
|Cash Advance Monthly Effective Interest Rate4||3.64% inclusive of the Cash Advance Service Charge below.|
4 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)
|Cash Advance Service Charge||
Service Charge of P500 or 3% of Cash Advance Amount, whichever is higher.
Additional Fee of P500 if the Cash Advance is made over-the-counter.
|Monthly Late Charge||P500 or 6% of Past Due Amount, whichever is higher.|
|Minimum Amount Due Computation: P500 or 1% of your current billed balance will be charged, while Interest Charges and late charges indicated on your current statement will be billed in full together with monthly installments due, overdue amount and overlimit amount. The total amount due will become your minimum amount due upon closure of account or if account becomes delinquent (under the Bank's applicable criteria). The total amount due will be billed and will be used as basis for the computation of any late charges.|
|Foreign Transaction Service Fee||3.525% shall be charged on the converted amount of foreign transactions representing the Bank's service fee and any assessment fee(s) charged by MasterCard/Visa.|
|Account Maintenance Fee||In case of any remaining overpayments on closed Card accounts, a monthly Account Maintenance Fee of P200 or the amount equivalent to the credit balance, whichever is lower, shall be charged to the Card account until the credit balance is zeroed out.|
|Availment Fee||P250 applicable for Balance Transfer and Balance Conversion.|
|Call for Cash Manager's Check Delivery Charge||P50 shall be charged for the delivery of the Manager's Check availed under the Call for Cash facility.|
|Cancellation Processing Fee||4% of unbilled principal component of the Total Amount Payable applicable to products with Monthly Installment Dues: Balance Conversion, Balance Transfer and Call for Cash.|
|Card Replacement Fee||P400 for each lost/stolen Card.|
|Overlimit Fee||P500 if you exceed your credit limit by your Statement Date.5|
|Returned Check Fee||P1,500 will be charged for every check returned due to reasons such as but not limited to insufficient funds, uncollected deposits, stop payment order or closed account.|
|Sales Slip Retrieval Fee||P250 for each sales slip retrieved upon your request, for whatever reason. The same amount will be charged to you for each sales slip retrieved by the Bank arising from an invalid dispute.|
|Attorney's Fees and Liquidated Damages||In case of default in payment, the Cardholder is liable 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.|
5 None for Rewards Cards.
These fees and charges shall apply to all Citibank, N.A. - Philippine Branch issued credit cards.
Below is a table of Citibank Ready Credit Fees and Charges as of June 2012.
|Annual Contractual Rate (applies to Ready Credit Loan)||
Annual contractual rate is from 26.9% to 37.9% (whichever is indicated in the Disclosure Statement);
* Effective interest rate (EIR) which includes Loan Processing Fee, Loan Disbursement Fee, and DST is from 31.5% to 46.4% using a sample loan amount of PHP250,000 at a 24 months loan period (exact EIR is indicated in the Disclosure Statement)
* EIR is computed as: (Total Interest + Loan Processing Fee + Loan Disbursement Fee + DST) / (Total outstanding balance/12)
|Monthly Interest Rate1||2.4% monthly revolving rate of interest will be applied to any or all of the following:
|Such interest shall be compounded daily and the interest will continue to accrue until full payment of Total Amount Due plus accrued interest.|
|Loan Processing Fee||P500 for each installment loan approved.|
|Loan Disbursement Fee||P120 for disbursement or release of loan proceeds for each installment loan approved.|
|Loan Closure Handling Fee||4% of unbilled principal component of the installment loan.|
|Monthly Late Charge||P500 or 6% of minimum amount due, whichever is higher.|
|Minimum Amount Due computation: P500 or 1% of your current billed balance will be charged, while Interest Charge and Late Charge indicated on your current statement will be billed in full together with Monthly Installment Amounts Due and overdue amount. The Total Amount Due will become your Minimum Amount Due upon closure of account or if account becomes delinquent (under the Bank's applicable criteria). The Total Amount Due will be billed and will be used as basis for the computation of any late charges.|
|Bounced PDC Fee||P1,500 will be charged for every post-dated check (PDC) returned due to reasons such as insufficient funds, uncollected deposits, stop payment order or closed account.|
|PDC Deferment Fee||P1,000 will be charged for every post-dated check (PDC) that you request to defer/delay for deposit as payment to your account..|
|PDC Replacement Fee||P750 will be charged for every post-dated check (PDC) that you request to pull-out and replace with another post-dated check(s) as payment to your account.|
|Account Maintenance Fee||In case of any remaining overpayments on closed RC account, a monthly Account Maintenance Fee of P200 or the amount equivalent to the credit balance, whichever is lower, shall be charged to the account until the credit balance is zeroed out.|
|Documentary Stamp Tax (DST) as required by local laws and regulations||P1 for every P200 of the installment loan approved that passed the criteria for determining the applicability of DST based on local laws and regulations.|
|Attorney's Fees and Liquidated Damages||In case of default in payment, the primary account holder is liable to pay in addition to Late and Interest Charges, the cost of collection and/or attorney's fees, liquidated damages, and the litigation and judicial expenses as applicable.|
1 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 (decrease) accordingly. Interest is compounded monthly.