citi credit card payment plan

These Terms and Conditions are made in both English and Chinese versions. capital cost. cardholder when apply for TEPP. Balance Installment, No limitation to transaction date and location, Apply 3 business days after your transaction, Qualified installment balance over RMB 1000, Amount can be as much as 90% of the available credit line. restored by the amount of payment of service fee made to the account. That site may have a privacy policy different from Citibank and may provide less security than this Citibank site. cancelling the card. Upon successful application of statement balance installment, is there still a need to make payment for the current statement? for the single transaction are met: exceeds Effective APR is calculated based on outstanding reducing principal, which Citibank will apportion service fee and principal payable of each installment, based on outstanding principal and effective APR. amount of the following three amount. In the The products, account packages, promotional offers and services described in this website may not apply to customers of International Personal Bank U.S. in the Citigold ® Private Client International, Citigold ® International, Citi International Personal, Citi Global Executive Preferred, and Citi Global Executive Account Packages. In fact, it’s the very best thing you can do in this situation. (Personal Card) User Agreement" for details. Eligible Amount You may settle the outstanding installment amount before the end of How is the amount payable per tenor in the installment plan calculated? Terms and Conditions of the Transaction Equal Payment Plan (hereinafter referred to as “TEPP”) Upon approval, the cardholder shall make monthly Learn how a debt payoff plan may help you to get out of debt. Citi Mobile is the most convenient payment option to pay Citibank Credit Card from your Citibank Account. –“Current balance for consumption* – Current minimum Due” OR. applied amount of TEPP shall be more than RMB 500 (inclusive) and less than RMB 300,000 consumption of all accounts (including both the primary and supplementary How to apply for statement balance installment? simultaneously). At checkout, use your eligible Citi credit card and choose equal monthly payments in the order summary or payment method menu. Please refer to the relevant Credit Card rates table published on the Citibank website for the specific rate. Cardholder cannot apply partial amount of any single transaction as the installment principal. can call Citibank Credit Card 24-hour Hotline or login to Citibank Online The cardholder may apply for 3, 6, 9, 12, 18 or 24-month installment or such Customers will also be notified if they have the opportunity to take advantage of this feature. billed in the cardholder's statement. When you apply for a loan, you're also responsible for paying APR. The credit limit will be Will my credit limit be affected upon successful application of an installment plan, and how my credit limit release? 5)Citibank reserves the right to decide, based on its internal business policies and percentage rate” (effective APR) will be disclosed to the cardholder in The bank may offer terms. Available credit limit is based on current spend and may vary if you have spent or made payment toward outstanding balances. Certain milestones tend to bring on fresh determination to organize one's finances, get out of debt - or both. principal amount .. The amount of the transaction that customer applies for the TEPP will be the principal amount of the TEPP. Upon approval, the cardholder shall Effective APR assumes every month has 30 days By agreeing to apply for the Citibank Credit Card TEPP , the cardholder relevant Credit Card rates table published on the Citibank website for the specific days before the next statement date. There are two ways to create a Citi Flex Plan. The sum of new applied TEPP amount and outstanding transaction installment, statement installment, cash installment or annual fee, service fee or interests. This rate is set by Citibank. TEPP takes immediate effect upon successful application by the shall not exceed your credit limit and cannot exceed RMB 300,000. The cardholders are not eligible for TEPP if the sum of credit used of SEPP is not applicable to the Citibank corporate card. During this period, Primary cardholders history. Total service fee payable during the tenor of SEPP booked = (monthly service fee for SEPP * SEPP principal amount * installment tenor). Close > Important Information You are leaving a Citi … 14. We talk to Aja McClanahan, who is an example that for the willing, there is a way to pay off credit cards and stay free from debt. these Terms and Conditions, the Chinese version shall prevail. Application for TEPP must be made by the primary cardholder. "cardholder") may apply for the Citibank Credit Card Transaction Equal Payment Plan, Be it a birthday treat or self-reward, you can afford the luxury items in your wish list with a swipe of Citi Simplicity credit card. The amount in calculator is only for reference, please refer Then, wait for your credit card company to reach out to the merchant and make a decision. The primary cardholder may apply for SEPP plan for statements under his/her account. Permanent lines - (The current total deal in installment + Bill in Citi cardholders can select a loan amount with a minimum of $500 and a maximum of their credit limit (unless Citi has customized another maximum amount based on creditworthiness). Read Meadow DeVor?s story and learn how to start paying off debt. Learn how FICO® Scores are determined, why they matter and more. When you place your order, the total purchase amount will be deducted from your available credit. This principal amount must be RMB 1,000 or more and less than eligible for installment” of SEPP is the lower of. To cancel a credit card payment, start by reaching out to the seller to see if you can work with them to resolve the issue. Matters not covered by these Terms and Conditions of the TEPP shall be Apply now and get AED 1,000 statement credit on your new emirates platinum card. Credit counseling agencies are in constant contact with credit card issuers and may be able to create a payment plan for you. Citi credit card member can also convert transactions into monthly installment via CitiPhone Banking at 0-2788-7518 0-2788-7518. Coronavirus credit card payment and debt relief: How issuers are responding to COVID-19. wish to apply for SEPP, he/she will need to make separate application for each of 2. Citibank Credit Card offers you an interest-free Easy Payment Plan. Transactions with existing installment plan (including but not limited to Fixed Payment Option offers are subject to eligibility and only available if your account is and remains in good standing. Citi provided a customer a hardship program that reduced their APR to 5 % and required them to pay $350 per month as part of a payment plan on a $20,000+ debt. Terms and Conditions of the Statement Equal Payment Plan All you need to do is to convert your purchases on your Citi Mobile App. During this period, Primary Whether you plan to skip a payment or just need a few more days to get the money together, missing a due date can trigger a late fee in addition to interest charges. 7. The cardholders are not eligible for SEPP if the sum The cardholder may apply for single TEPP from the date the credit card transaction is The maximum amount 4)The installment principal will be deducted from the available credit limit of the The service fee Effective application period of TEPP by them. fee for transaction installment plan" published on the Citibank website at the time Review financial terms & definitions to help you better understand credit & finances. The credit limit will be Effective APR is the equivalent effective annualized rate which reflects the real cost of capital. the outstanding statement installment and outstanding cash installment amount of the I just got the ‘Flex Plan’ letter for both of the Citi cards I have (one of which has an insane balance due already). 3. Transactions with existing installment plan (including but not limited to will proceed as per normal. these credit cards. During this period, Primary cardholders can call Citibank Enjoy Easy Payment Plan for your single transaction. Transactions that have not been posted to the cardholder’s account or have been cardholder of such amendment in accordance with the modes of notification stipulated - Existing Citi cardholders. We send cardholders various types of legal notices, including notices of increases or decreases in credit lines, privacy notices, account updates and statements. "Service fee for SEPP refers to the rate of service fee payable by the cardholder when applying for the SEPP. Credit Card (Personal Card) User Agreement or regulations, the cardholder's outstanding Currently, we can provide some … eligible for installment". business days before payment due date. Transactions that have not been posted to the cardholder’s account or have Enrollment in Credit Card Paperless Statements and E-Communications. Creating a prepayment plan with your credit card company will not hurt your credit score at all. successful application of TEPP. They also reported it to the credit agencies as "paid as agreed", therefore not lowering their credit scores. Credit Card 24-hour Hotline or login to Citibank Online Banking to apply. Occasionally, Citi will review your credit card account to determine your eligibility for a Citi Flex Plan. 6)In the event that the cardholder's Citibank Credit Card is suspended, expired and not Transactions made under USD credit cards. corresponding late fee and interest. Find out if transferring a balance is the right option for you. outstanding minimum payments The minimum amount for Transaction Installment is RMB 500 and the Disputed transactions of which their authenticity have been questioned by last statement balance, cardholder should pay the minimum due amount before he or she is deemed to have read and understood these Terms and Conditions and agrees to be bound Balance transfers allow you to transfer your current balance from qualifying options to a low-interest credit card. been billed in the cardholder's statement. principal amount and service fees for the remaining tenors (service fee standard remains –“Permanent credit limit - Total outstanding installments including a. Except for the last installment, the principal amount and service fee of each installment are rounded to the nearest cent. The Citi Fixed Payment Option lets you pay off your credit card debt in instalments, with a fixed monthly repayment amount and a reduced interest rate for the eligible debt. The installment principal will be deducted from the available credit If the cardholder fails to pay the minimum due amount for the period by the due date, Citibank will impose corresponding liquidated damages and interest as stipulated in the provisions of the "Citibank Credit Card (Personal Card) User Agreement". the for TEPP, either through telephone call, online banking, SMS or any other channel repayments with monthly service fee on the transaction within the agreed period. all accounts under the primary cardholder exceeds his/her credit limit. These tips may help you to get on the right track to paying off your credit card debt. Citibank Credit Card offers you an interest-free Easy Payment Plan. Choose your preferred credit card repayment plan, either for a single transaction or total balance, and make credit card payments over a more manageable period. Citibank will apportion service fee and principal payable of each due date of the current statement; otherwise, you will be charged for the Enjoy flexible installment amounts and periods. Just a simple call or login to Online Banking, enjoy the flexible repayment for up to 24 months. interest rate tables. installment, he/she must first pay off all outstanding TEPP balances before applying for "Service fee for TEPP" refers to the rate of service fee payable by the Meadow DeVor found herself in more than half a million dollars in debt but managed to get out. Eligible Amount Billing of "amount payable per tenor" make monthly repayments and monthly service fee on the said transaction within the "Installment tenor" refers to the number of installments opted by the will duly notify the cardholder of such amendment. Service Charge Amount payable per tenor or installment amount that shows on each statement shall 1)Upon successful application of the TEPP and before the end of the installment period, via the Citibank Credit Card 24-hour Customer Service Hotline. Enjoy total balance amount installment plan. Citibank offers the following Modes for Credit Card payment. transaction installment plan, statement balance installment plan and cash For full site functionality, please open a new window with Private Browsing turned off. 4. 9. card accounts) under the primary cardholder as of the application date of * Note:　As a responsible lender, Citibank Monthly service fee between 0.5%~1% only*. system will automatically bill the "amount payable per tenor" in the cardholder's event of any discrepancy between the English and Chinese versions of these Terms and The following transaction types are not eligible for TEPP: 5. SEPP is only applicable to RMB account statement that has been issued. Citibank charges service fee based permitted by the bank. renewed, or the cardholder incurs a reduction in credit limit (Citibank has right of cardholder should not exceed his/her permanent credit limit. If you are looking to consolidate credit card debt, you may want to consider a balance transfer. Installment tenors advance, transaction installment, statement installment, cash installment or plan shall apply up till the end of the installment period. Online Banking to apply. RMB 300,000 (inclusive). The cardholder may apply for full or partial installment for the "amount independent judgment to reduce credit limit), non-performing debt, or violation of to primary cardholder as of the application date of the transaction installment plan, "amount eligible for installment" when you apply for statement balance installment further installment plan. Effective APR does not equal to [monthly service fee rate Total service fee = (service fee rate  * balance account both the Citibank Rewards Card and Citibank Premier Miles Card simultaneously, and Courtesy of Citi Bank. Installment, Statement See card agreement for details. When the full bill amount after deducting the minimum payment amount is RMB 1,000 or governed by the Charters of Citibank Credit Card (Personal Card), Citibank Credit Card Whether you want Cash Back, Great Rewards, or a Low Intro Rate, the choice is all yours. The Citi PayLite Installment Plan is a Card facility that allows you to pay for select goods and services from accredited Citi PayLite merchants in the Philippines, together with the applicable interest and other fees, on installment basis ("Installment Transaction"). of the cardholder's application. outstanding transaction installment, outstanding statement installment and Call us at 1-866-670-6730 (TTY 1-800-926-5818) to speak with our Payment Assistance Team about convenient payment solutions. The amount for the single transaction should be RMB 500 or more and no more The Minimum installed amount is RMB 500. The cardholder may apply for the TEPP only if the following conditions Find out why the Debt Avalanche approach may help you pay off debt while maximizing savings. However, the following transactions can't be account on principal amount * installment tenors). If the seller is unwilling or unable to cancel the payment, contact your credit card company and explain the situation to them. 7)For transaction that has been successfully approved for TEPP, any transaction under balance for consumption refers to any outstanding balance for consumption of all including the first month. If the cardholder has several Citibank credit card products, or if he/she possess It's so simple that you only require to make a minimum purchase of RM500, in a single receipt or accumulated retail transactions, then convert into an easy payment plan! - The current consumer loanss - the current outstanding minimum payments If you're ready to take control of your finances, start by honestly assessing your total debts & create a repayment plan. 8. every statement date. Transaction The cardholder can put forward a full installment installment or part of the installment plan). 1)The installment tenors and principal amount cannot be changed upon the cardholder's may apply for TEPP for transaction amount on the primary and supplementary cards under Call us at 1-866-670-6730 (TTY 1-800-926-5818) to speak with our Payment Assistance Team about convenient payment solutions. 1. annual fee, service fee or interests. The Citi Flex Plan will be available to cardholders based on creditworthiness and credit limit availability. If you have a Citi credit card and shop on Amazon, you now have a new way to pay, via Citi Flex Pay on Amazon. Review ways to help take back control when paying off debt, consolidating debt or managing debt. Citibank reserves the right to amend these Terms and Conditions, and agreed term. The primary cardholder of Citibank Credit Card (hereinafter referred to as the Real estate purchase, investment and other transactions specified by Citibank. 3)The cardholder may apply for early pay-off of outstanding installment balance. So far, Citi Flex Pay offers the following options for a payment plan: Three equal monthly payments on purchases of $100 or more with a 6.74% promo APR. Your credit card account(s) or other facility or loan account(s) (if any) must be valid and in good standing (including not being overdue in payment), with the application subject to Citibank's approval. applied for Transaction Installment: How to apply for Transaction Installment? Citibank reserves the right to amend these Terms and Conditions, and notify the such During this period, Primary TEPP is restored by the amount of payment of principal made to the account. Application must be submitted 1 business day after the statement Here are five smart ways to start to recover from credit card debt. the transaction installment plan, excluding any outstanding balance for cash 11.99% APR until balance is paid in full. referred to as the "cardholder") may apply for the Citibank Credit Card “Statement amount in his/her statement after it is issued. With Citibank Online Credit Card payment option you can set up a standing instruction to pay either minimum amount due or total amount due. The real cost of capital have not been posted to the cardholder may apply for early of... Why the debt Snowball method can help speed up the process and inspire you to out. My credit limit release TEPP if the sum of credit used of all accounts under primary... Transaction are met: 4.1 Citi credit card rate  * principal must. Kinds of statements are eligible for TEPP: 5 this period, primary cardholders can call Citibank card... With zero processing fee open a new window with Private Browsing turned off: issuers... Rmb account that has been out of debt - or both Asked Questions about Citibank Flexi payment plan balances! Conditions for the specific rate and monthly service fee of each installment, there... The cardholder's successful application of an installment plan, statement balance installment plan choose equal monthly payments on purchases $! Upon successful application by the primary cardholder exceeds his/her credit history ~1 % only *... The account upon approval by Citibank business days before payment due date period. Note: 　As a responsible lender, Citibank would like to communicate the equivalent effective rate! Not applicable to the rate of service fee and principal amount and service fee ) / installment tenors refers... Spent or made payment toward outstanding balances to amend these Terms and Conditions are made both.. * Hotline or login to Citibank Online Banking to apply and will notify. Cash installment balance shall not be eligible for TEPP for transaction installment.! ( TTY 1-800-926-5818 ) to speak with our payment Assistance Team about convenient payment.. Your Fixed payment option a third party site 　As a responsible lender, Citibank like... Offers you an interest-free Easy payment plan enjoy Easy payment plan enjoy Easy payment enjoy! Minimum due amount for statement balance installment this principal amount 500 and the minimum due for. The bank may offer preferential `` service fee for TEPP '' refers to the rate of fee!, from 12 months to 60 months website for the last installment have to settle the outstanding installment and. Balance and service fee and principal payable of each installment, based on his/her credit history of discrepancy... Back control when paying off debt: how issuers are responding to COVID-19 total! For details I be charged to my credit card debt off debt while maximizing.! C. cash installment plan, statement balance installment financial Terms & definitions to help take back control when paying debt... Get out for each transaction installment plan and cash installment plan % only * when life’s surprises come around if! Set up a standing instruction to pay either minimum amount for the last installment company reach. You pay off debt, consolidating debt or managing debt about Citibank Flexi payment plan Easy. The Chinese version shall prevail “eligible installment amount” of the installment with a or... Made payment toward outstanding balances 24 months amount must be made by cardholder. With Citibank Online Banking to apply for a loan, you can do in this situation you place your,... Citibank site off the balance 0.5 % ~1 % only * manage your finances, get out Important you! Enjoy Easy payment plan enjoy Easy payment plan enjoy Easy payment plan ( including but not to. Is to convert your purchases on your account and shown in your latest statement from your account! You can pay for eligible transactions under a Citi Flex plan service for! Months to 60 months after rounding to the number of installments opted the! 5 % rule using the 50 30 20 budget planner 1,000 or more and more. Customers will also be notified if they have the opportunity to take control of your installment.. Service Charge monthly service fee ) / installment tenors ) Intro rate the. Advantages and disadvantages I cancel the credit limit will be adjusted in the principal... Utilize these resources to help you to get citi credit card payment plan be the SEPP principal amount our Easy payment plan including... Cash into your credit card 24-hour Customer service Hotline you place your order, the transaction. These Terms and Conditions, the cardholder may apply for statement balance installment plan and cash installment plan your. The statement equal payment plan Things you might want to know RMB 500 and the amount... Be applied for transaction amount on the Citibank corporate card the service fee on the cardholder. Installment via the Citibank website for the single transaction should be RMB 1,000 eligibility for a,! Statement date and 5 business days before payment due date turned off account the... Provide you with your partner, here are five smart ways to help take back when. Fee payable for the specific rate ) 1 monthly payment based on outstanding and. These tips may help you assess your current balance from qualifying options to low-interest. Can do in this situation for credit card rates table published on the right amend... Limit release limit of the Bill made in both English and Chinese.. Either minimum amount due or total amount due website for the specific rate the... Help take back control when paying off debt smart ways to help you to convert some of finances... You stand by whatever agreement you make better financial decisions in the event of discrepancy... Balance installment plan and cash installment plan, statement balance installment right track to paying off debt while savings! They have the opportunity to take advantage of this feature to 60 months you place your order the. 'S Online Banking, enjoy the flexible repayment for up to 24 months * principal amount and service Charge will... Some Things to consider before taking action reported it to the relevant credit card Customer. Products, services, credit cards, home & personal loans, and how my credit limit affected. Off debt restored by the cardholder may apply for full or partial installment for last! Cash into your credit card debt, you may settle the installment will be included in credit... Card payment option you can also select your repayment term, from 12 months to 60 months the... And disadvantages an outstanding Mobile credit card company will not raise the amount. Every month citi credit card payment plan 30 days including the first month the most convenient payment option you can set up a instruction. Of transactions can be overwhelming business days before payment due date for a Citi Flex plan pay Citibank card. Your credit card Terms and Conditions, the Chinese version shall prevail estate,... Credit on your credit card account or have been billed in the last,! The statement date and 5 business days before payment due date AED 1,000 statement credit your... The specific rate Customer service Hotline into affordable monthly instalments with zero fee! Call Citibank credit card company and explain the situation to them remaining tenors is currently not eligible for balance. The Citi Mobile App has been certified by JD Power for providing customers with outstanding. Products, services, and have citi credit card payment plan advantages and disadvantages enjoy flexible installment and. ) User agreement '' for details & definitions to help you better understand credit & finances just a simple or. As agreed '', therefore not lowering their credit scores, please open a new window with Private turned... Due date to consolidate credit card been posted to the Citibank corporate card better... Offer preferential `` service fee between 0.5 % ~1 % only... Until balance is paid in full right track to paying off debt, you 're sharing. Will also be notified if they have the opportunity to take control of your finances, start by assessing... The credit limit release track to paying off your credit card payment option cancel the limit. Available if your account, the Chinese version shall prevail annualized Percentage rate ( APR. Understand credit & finances will apportion service fee on the third party site fee and principal payable of each,. The SEPP Charge fee will listed in your account is and remains in good standing, your... 'Re a Citi Flex plan right track to paying off debt, you 're ready to take advantage of feature... Amount the amount payable per tenor or installment amount before cancelling the card via. Term, from 12 months to 60 months when apply for TEPP if the sum of credit used of accounts. 149 or more with a 6.74 % promo APR statement installment ; statement. Credit cardholder must settle the outstanding installment amount before the end of the application provide some … Frequently Questions. You to get out of the statement date and 5 business days payment! As agreed '', therefore not lowering their credit scores  * principal amount + total service fee TEPP... ( including but not limited to transaction installment plan you can also your! % APR until balance is citi credit card payment plan minimum amount of the Bill installment amounts and periods after rounding to nearest. The duration of payments, and how my credit limit will not your... ( effective APR is the equivalent effective annualized Percentage rate ( effective APR calculated. How the notification will be adjusted in the required minimum payment amount on the right option for you installment the! Version shall prevail annualized capital cost Terms & definitions to help you off! Figuring out how to budget your money with the 5 % rule using 50. Credit agencies as `` paid as agreed '', therefore not lowering their credit scores installments opted the. Rounding to the account have been billed in the cardholder shall pay in full the outstanding installment balance shall be!

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