Citi Speed Cash Instant cash from your credit card on your terms

Readily available cash from your credit card

Get big things done in an instant

Cash amount up to your credit limit into your bank account in as fast as 60 seconds.*

Cash on your terms

Get it anytime on your smartphone and repay with plans up to 60 months.

Simple and Hassle-free

No documents required.

* Cash is deposited instantly only with a Citi account. For other bank accounts, it will take up to 3 to 5 business days.

* A Disbursement Fee of P500 will be charged to your Citi credit card once your Speed Cash application is approved.

Get an instant Citi Speed Cash quote

I need
over
for my
=
Up to
$494.00 /month
*The Citi Speed Cash monthly installment amount is only an estimate based a converted monthly factor rate of 1.99%. Customer’s profile may affect the interest rates.

Rate Table:

Term Converted Monthly Factor Rate* Annual Effective Interest Rate**
12 1.99% 56.93%
18 1.99% 54.92%
24 1.99% 53.07%
36 1.99% 49.96%
48 1.99% 47.47%
60 1.99% 45.43%

How to compute for your monthly installment amount:

{Principal Amount x [1+(Converted Monthly Factor Rate x Term)]}/Term

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

*The Converted Monthly Factor Rate, is presented as a guide that can be used to derive the monthly installment (interest plus principal). Monthly Installment Due = {Principal Amount x [1+(Converted Monthly Factor Rate x Term)]}/Term

Where Term is the number of months that you will be paying for the Monthly Installment Due. It does not include the period covered by the first statement of account (period covered by the initial interest).

** The Effective Interest Rates (EIR) above are based on interest computed on a fixed 30-day period per month. The actual EIR of the installment transaction may be higher or lower as this includes the Initial Interest and Processing Fee.

The charging of the Principal Amount is deferred for the first statement of account and will begin on the second Statement of Account after the approval date, and an initial interest will be charged in consideration for the longer payment period provided to you to repay the Principal Amount. The initial interest is computed based on the actual number of days from the approval date of your Installment Transaction to your statement date, and will be charged on your first Statement of Account issued following the approval date. The initial interest is calculated by multiplying (i) the approved Principal Amount, (ii) the applicable monthly EIR, and (iii) the number of days from the approval date to the first statement date; and dividing the total by 30 days. It will be reflected on your Statement of Account as the charge on Month 0 [Speed Cash or Call for Cash Initial Int].

The Monthly Installments Due will be reflected on your second and succeeding Statements of Account after the approval date.

How it works on the Citi Mobile® App

1

Select Speed Cash to check your pre-approved cash amount then get started

2

Enter the amount of cash you would like and continue

3

Select the repayment plan that works for you

4

Input your bank account details

How others are using Citi Speed Cash

Wedding
Wedding
Planning a perfect wedding is a huge undertaking. With Citi Speed Cash, Katelin was able to respond quickly to unexpected expenses for her big day.
Medical expenses
Medical expenses
Medical expenses can accumulate quickly, especially when life suprises you with twins. Citi Speed Cash let Gavin and Ann cover all their bills with ease.
Kid's education
Kid's education
Enrichment classes are a necessity these days. With Citi Speed Cash, Sam secured ballet lessons for his daughter with cash payment.

Download Citi Mobile® App to get Citi Speed Cash

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Frequently Asked Questions

What is Speed Cash (also known as Call for Cash)?

Speed 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.

What's the difference between Speed Cash and Cash Advance?

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

How do I apply for a Speed Cash?

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

Can I apply for a Speed Cash if I don't have a Citibank Online account?

Yes! You can call CitiPhone at 8995 9999 8 AM to 9 PM daily to apply for Speed 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.

How long will it take until I get the cash?

You will receive the funds in your Checking/Savings account (CASA) within 3 to 5 business days. The processing time may be extended for an additional 1 to 3 business days if the Speed Cash availment is greater than P150,000.

How will I know if I qualify for a Speed Cash?

Log-on to your Citibank Online account or call CitiPhone at 8995 9999 8 AM to 9 PM daily to find out if you qualify for Speed Cash.

Can I pay off my installment prior to maturity?

You can pay off your installment prior to maturity by calling our CitiPhone Hotline at 8995 9999 8 AM to 9 PM daily. However, a cancellation processing fee of 4% of the unbilled portion of your principal amount will be charged to your account, plus accrued interest charges on the cancelled Installment Transaction computed based on the actual number of days from the last Statement Date until the date of cancellation.

How do I know if my transaction has been converted successfully?

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

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

Terms & Conditions

TERMS AND CONDITIONS OF THE CITI SPEED CASH FACILITY

In these Terms and Conditions of the Citi Speed 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 Speed Cash. By availing of Speed Cash (also known as Call for Cash or 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. Speed Cash, also known as Call for Cash or Click for Cash, is a Cash Installment facility 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 Speed Cash. The Speed Cash request will be subject to verification and credit approval by us. The approved principal amount of the Speed Cash transaction ("Principal Amount") must not exceed the unused portion of your Citi Card Credit Limit.
  2. Where we approve a request for Speed Cash, the total Speed Cash amount ("Principal Amount") shall be subject to these Terms and Conditions and all applicable terms and conditions under the Citi Card Agreement ("Cards T&C") and all related provisions of the Citi Installment Facilities.
  3. You expressly agree that charging of the Principal Amount is deferred for the first Statement of Account, and acknowledge that you will pay an initial interest in consideration of the longer payment period provided to you to repay the Principal Amount. The Monthly Installments Due will be reflected on your second and succeeding Statements of Account after the approval date, and the interest component of the Monthly Installment Due will be computed as set out below.
  4. The initial interest is computed based on the actual number of days from the approval date of your Installment Transaction to your first statement date after the said approval date. It will be charged on your first Statement of Account issued following the approval date. The initial interest is calculated by multiplying (i) the approved Principal Amount, (ii) the applicable monthly Effective Interest Rate (EIR) [computed as set out below] and (iii) the number of days from the approval date to the first statement date; and dividing the total by 30 days.

    It will be reflected on your Statement of Account as the charge on Month 0 [Speed Cash or Call for Cash(000:00x)].
  5. The monthly installment due of your Speed Cash transaction (the "Monthly Installment Due") is included in the Minimum Amount Due in your Statement of Account until the total Principal Amount and the applicable interest are paid in full.

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

    Principal Amount x [1+(Converted Monthly Factor Rate x Term)]

    Term

    Where Term is the number of months that you will be paying for the Monthly Installment Due.

    The Monthly Installment Due comprises interest and principal components and is computed based on diminishing balance. The interest and principal components of the Monthly Installment Due vary each month and are computed as follows:

    1. Interest component:

      Prior month’s outstanding principal balance x monthly Effective Interest Rate (EIR). where monthly EIR = (1 + Annual EIR) 1/12 - 1

    2. Principal portion:

      Monthly Installment Due - interest component for the month

    The Monthly Installments Due will be reflected on your second Statement of Account from the approval date and succeeding Statements of Account as [Speed Cash or Call for Cash(001:00x)] and so forth.

  6. You also agree to pay us interest on the Principal 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 (EIR) BELOW ARE BASED ON INTEREST COMPUTED ON A FIXED 30-DAY PERIOD PER MONTH. THE ACTUAL EIR OF THE INSTALLMENT TRANSACTION MAY BE HIGHER OR LOWER AS THIS INCLUDES THE INITIAL INTEREST AND THE PROCESSING FEE.

    Term* (Months) Converted Monthly Factor Rate** Annual Effective Interest Rate***
    6 1.99% 69.83%
    12 1.99% 63.92%
    18 1.99% 60.03%
    24 1.99% 57.14%
    36 1.99% 52.91%
    48 1.99% 49.84%
    60 1.99% 47.45%

    *The Term in this table refers to the number of months that you will be paying for the Principal Amount and the applicable monthly interest. The Term does not include the period covered by the first statement of account (period covered by the initial interest).

    **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 Processing Fee of Php500.

  7. If your Speed Cash request is approved, you shall be charged a Processing Fee of Php500.00 for each Speed Cash Transaction.
  8. You have the option to receive the Principal Amount of your Speed Cash transaction via credit to your bank account which should be under your name or through a Manager’s Check issued in your name. In the event that you requested for Manager’s Check, you shall be charged the Speed 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.
  9. 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.

    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.
  10. 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 Principal Amount and the cancellation processing fee equivalent to 4% of the unbilled portion of the Principal Amount, plus accrued interest charges on the cancelled Installment Transaction computed based on the actual number of days from the last statement date until the date of cancellation.

    The accrued interest is calculated by multiplying (i) the remaining unbilled portion of the Principal Amount, (ii) the applicable monthly EIR [computed as set out above] and (iii) the number of days from the last statement date to the date of cancellation; and dividing the total by 30 days.

    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

    Processing Fee Php500 for each approved Installment Transaction
    Cancellation Processing Fee 4% of unbilled portion of the Principal Amount
  11. Below is a sample schedule of payment.

    PAYLITE AFTER PURCHASE SAMPLE SCHEDULE OF PAYMENT

    PRINCIPAL AMOUNT Php 10,000 TERM 12 MONTHS
    CONVERTED MONTHLY FACTOR RATE 1.99% ANNUAL EIR 50.39%
    APPROVAL DATE 1/1/2018 NEXT STMT DATE 1/31/2018
    INSTALLMENT PERIOD PAYLITE AFTER PURCHASE AMOUNT (Php) MONTHLY INSTALLMENT DUE INTEREST COMPONENT (Php) PRINCIPAL COMPONENT (Php) O/S PRINCIPAL BALANCE (Php)
    10,000.00
    0 345.88
    1 1,032.33 345.88 686.45 9313.55
    2 1,032.33 322.14 710.19 8603.35
    3 1,032.33 297.57 734.76 7868.59
    4 1,032.33 272.16 760.17 7108.42
    5 1,032.33 245.87 786.47 6321.96
    6 1,032.33 218.66 813.67 5508.29
    7 1,032.33 190.52 841.81 4666.48
    8 1,032.33 161.40 870.93 3795.55
    9 1,032.33 131.28 901.05 2894.50
    10 1,032.33 100.11 932.22 1962.28
    11 1,032.33 67.87 964.46 997.82
    12 1,032.33 34.51 997.82 0.00
  12. 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.
  13. 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.
  14. 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.
  15. 15. Please be advised that by clicking/tapping the button, agreeing over the phone and availing of Speed Cash through your Citi credit card/s, you are providing your explicit consent to Citi’s Data Privacy Terms (Consent for Processing, Profiling and Sharing of Data and Information and Data Privacy Statement) and to the updated Citi Card Agreement and the Citi Card Fees and Charges.  For the full Consent and the Data Privacy Statement and latest version of the Citi Card Agreement and the Citi Card Fees and Charges, please go to www.citibank.com.ph/global_docs/pdf/cardstandc.pdf
  16. You acknowledge that by availing of Speed Cash if your card account is currently insured under Credit Shield, there will be an increase in the computation of your Credit Shield premiums charged to your card. Credit Shield premiums are computed based on a percentage of your credit card’s total outstanding balance, and including the principal component of any unbilled instalment amount/s and unbilled charges.
  17. All Installment Transactions are subject to the Citi Card Agreement and all related provisions of the Citi Installment Facilities.
  18. 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 Principal Amount applied under the Facility.

For any concerns, you may call us at (632) 8995-9999 or send us a message through www.citibank.com.ph.

Citibank, N.A. Philippine Branch is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 8708-7087 (632) 8708-7087.