Understanding Payments and Fees

Understanding Payments and Fees

Your payment behavior can influence how much interest or late fees you are charged. You should always pay at least the Minimum Amount Due and on time.

Your credit card is a great tool that offers you financial flexibility. Manage your card better by opting to pay in full or more than the Minimum Amount Due to avoid interest or late charges.
New transactions are included in the computation of interest. The computation begins from the date of your purchase; the bank already paid the merchant for the goods and services you purchased using your Citi credit card.
When you pay your bill determines whether you get charged interest or late fees. If you can make advance payments days or weeks before your due date, do so.

Avoid interest and late fees on your retail transactions by understanding how they are incurred

Avoid interest and late fees on your retail transactions by understanding how they are incurred.
If you pay
(Payment Amount)
Payment Date Interest Charge Late or Penalty Charge
The Total Amount Due
(full payment)
On or before the Payment Due Date No No
After the Payment Due Date Yes Yes
At least the
Minimum Amount Due
On or before the Payment Due Date Yes No
After the Payment Due Date Yes Yes
Less than the
Minimum Amount Due
On or before the Payment Due Date Yes Yes
Note: The table above refers to retail transactions only, not cash advance transactions.

Credit cards can benefit you if used responsibly. You can enjoy discounts and privileges like rebates, rewards points and travel miles for all your retail purchases to maximize the benefits of up to 21 days interest free. However, if you do not take charge of your credit, you may find yourself in debt quickly.

Save For Later
APPLY NOW

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.

Categories