citibank paylite meaning

4% of unbilled portion of the Principal Amount, applicable to Citi FlexiBill, Citi Balance Transfer and Citi Speed Cash. Tips? The credit limit or loan limit will be restored in accordance with your payment. PayLite was founded to deliver enterprise web services for payments, email and text messaging The PayLite team has over 50 years of enterprise solutions and payment processing platform experience collectively, and we use our experience to make PayLite revolve around you, our clients. Eligible “FlexiBill” and “PayLite” Installment Loan only includes the first 8,000 “PayLite” Installment Loan in relation to any individual transaction made by Citibank banking account/ATM/Debit Card and “FlexiBill” and “PayLite” Installment Loan in relation to the Credit Card current statement balance or a portion of the current statement balance or any individual transaction with approved loan amount of HK$3,000 or above and a minimum tenor of 12 months with an Eligible Card within the Promotional Period. After you convert the bank transaction into Citi PayLite, the funds will always be credited back to the original bank account where original transaction is made. Participants’ Eligible Card accounts must be valid and with good credit record during the Promotional Period and the fulfillment period in order to be eligible to receive the Spending Rebates. Nothing contained in this Program shall be construed as an obligation on Citibank to offer or continue to offer the Program. The loan amount requested in this RCPL request (including upfront service fee) together with any existing RCPL granted to you The Terms and Conditions shall be in addition and supplementary to and not in substitution or in derogation of Citi Credit Card Agreement or Citi Octopus Credit Card Agreement, whichever is applicable (each a "Cardholder Agreement") and all other applicable terms and conditions of Citi. If relevant “FlexiBill” or “PayLite” Installment Loan in relation to any individual transaction made by Citibank banking account/ATM/Debit Card or the Credit Card current statement balance or a portion of the current statement balance or any individual transaction is verified by Citibank as Eligible “FlexiBill” or “PayLite” Installment Loan, the Spending Rebates will be automatically credited to the Eligible Card account on or before May 31, 2021. 4. You only need to pay the minimum amount or the entire debt balance by the due date, as shown on the statement. "PayLite" means a plan offered by Citibank under Citibank Ready Credit which allows CRC Account holders of good credit standing to take up the PayLite Amount and make repayments by way of monthly instalments together with applicable interest and other fees. Get a permanent credit line increase and enjoy greater financial freedom! Citi, we, us: refers to Citibank Singapore Limited. No person other than the Participant and Citibank will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of these terms and conditions. 9. The Monthly Installment Amount is calculated by dividing the aggregate of the Loan and all the Monthly Fee by the relevant number of installments. A fee may be applicable. If the participants successfully apply for the program through Citi Mobile. Installments do not limit the possibility to enjoy the interest-free period on your card. Unless otherwise specified, this promotion applies to cardholders ("Cardholders") of Citi Credit Cards issued by Citibank (Hong Kong) Limited ("Citibank") ("Eligible Cards"). You have successfully converted the selected transaction into installments! FTEB-14119, 14773, 14769, and 10649, Series of 2019. The 6-digit transaction approval code can be found on the charge slip of your qualified PayLite or straight transaction. 2. Eligible "FlexiBill" and "PayLite" Installment Loan only includes the first 8,000 "PayLite" Installment Loan in relation to any individual transaction made by Citibank banking account/ATM/Debit Card and "FlexiBill" and "PayLite" Installment Loan in relation to the Credit Card current statement balance or a portion of the current statement balance or any individual transaction with approved loan amount of HK$3,000 or above and a minimum tenor of 12 months with an Eligible Card within the Promotional Period. Copyright © 2020 Bank Handlowy w Warszawie S.A. The credit card installment plan unveiled by Citibank Credit card. Tap on ‘Convert now’ after verifying the details. Per DTI Fair Trade Permit No. The promotional period is from December 21, 2020 until March 31, 2021 (both dates inclusive). Q: Who is eligible to apply for a RC PayLite? Cardholders who successfully apply for an Eligible “FlexiBill” or “PayLite” Installment Loan with an Eligible Card during the Promotional Period (“Participants”) will be entitled to HK$50 Spending Rebates for a booked amount from HK$3,000 to HK$4,999.99 in a single application (ii) HK$50 Spending Rebates for each HK$5,000 booked in a single application. The Citi PayLite Program is valid only up till the Citi PayLite tenor or any other extended date(s) as Citibank may specify from time to time. Everyday payments or shopping to make yourself feel better? The material is for informational purposes and does not constitute an offer within the meaning of Article. 9. Products section, choose the payment that you want to convert into installments In the event of cancellation of the Account (or early repayment of the Loan in full) for whatever reason, the following will become immediately due and payable: 15. a. A monthly fee ("Monthly Fee") will be charged monthly from the first Statement date until the full settlement of the Loan at the Monthly Flat Rate, and payable on each Statement date commencing on the second Statement date. Citi PayLite will not earn Rewards Points and/or Cash Back accumulation. Get P1,000 Rebates Terms & Conditions. 3. 14. Please read our Privacy Policy at citibank.hk/privacye to learn more. This promotion can only be used in conjunction with “Turn tax payment transaction to installments and enjoy up to HK$300” program and cannot be used in conjunction with other special promotions. What kind of transaction can be converted into an installment plan? The following Citibank banking account/ATM/Debit Card transactions are not valid for this Program: Purchasing insurance or investment products, gambling, loan and card payments, down payments for auto and home purchases, fund transfer to other accounts under your Citibank banking account. 1. 1. Step 3) From the list of your credit card transactions or in the Your Profile/Installment 6. The bank charges no fees or commissions for conversion of transactions to installments. Interest is calculated on the declining balance of the outstanding principal amount. If there is any discrepancy between the promotional materials and these terms and conditions, these terms and conditions shall apply and prevail. Balance Transfer. Application of the Program in relation to any individual transaction made by Citibank Credit Card must be made 3 business days after the transaction is made or posted to the Citi Credit Card account (the "Account"), whichever is later, and must be made 2 business days before the billing date of the transaction, or. Step 2) Click on the link in the SMS received from Citi Handlowy immediately after making the Otherwise Citibank reserves the right to forfeit the Spending Rebates without prior notice. This Citibank PayLite Installment Plan offer is available for all Citibank credit cardholders that fall under all of the following criteria: The cardholder is the principal cardholder of a Citibank credit card account that is in good credit standing and has been active for at least 12 months. Citi PayLite/ Citi FlexiBill Terms & Conditions Definitions Program: refers to either Citi PayLite or Citi FlexiBill applied for by the customer. Citibank is entitled to change these Terms at any time with notice. 5. You agree that your participation in the Citibank Ready Credit PayLite program (the “Program”) will be governed by these terms and conditions (“Terms”) and any other rules, procedures or instructions which we, Citibank Singapore Limited (“Citibank”), may from time to time issue. Apply for a personal loan, or learn how to invest in your financial future. Year Round Offers / Citi World Privileges, Mortgage Further Advance / Property Refinancing, Portfolio Financing for Investment Services, Interest & Foreign Exchange (FX) Rates Of The Day. In the event of any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail. For all those things, you may pay by your credit card and convert the amount spent into installments – on your own. If you have no credit card but is planning to acquire yourself one, I highly suggest reading this guide to assess your readiness in holding a credit card. A: All RC account holders. The Loan will be deducted from the available credit limit or loan limit of the Account upon approval of the application. 7. Can I make early repayment of the “Quick Cash” Installment Program / “FlexiBill” and “PayLite” Installment Programs in full? MCCs are used to identify the type of business in which a Total Monthly Fee is calculated by multiplying (i) the Loan; (ii) the Monthly Flat Rate; (iii) the number of installments. With the Citibank PayLite Installment Plan, you can enjoy 0% interest or affordable converted monthly factor rates at participating merchants nationwide, allowing you to pay in light and easy installments for up to 10 months. Samsung Note10 promo Terms & Conditions. 14. 8. Citi FlexiBill refers to the program under which your statemented retail balances are converted into instalments. Unless otherwise specified, the words and expressions used herein shall have the same meaning as in the detailed Citi Cardmember Terms and Conditions. Philippines. When a transaction is converted to Citi PayLite instalment plan, any Citi Miles, Reward Points and/or Cash Back earned from that transaction will be reverted from your reward account. 8. Without prejudice to other terms contained herein, if the entire Statement Balance stated in any monthly Statement is not received in full by the payment due date, a finance charge (at the prevailing rate) will be imposed on, 13. Eligible Cardholder shall repay the Loan by way of monthly installments (the "Monthly Installment Amount") from the second Statement date onwards. If you do not want to install them, go to the settings section in your browser. 12. An initial fee ("Initial Fee") will be charged only once. Citi Credit Card "FlexiBill" Installment Program and Citi Credit Card "PayLite" Installment Program ("the Program") of Citibank (Hong Kong) Limited (“Citi” or “Citibank”) is only applicable to designated Citibank principal credit cardholders (each an "Eligible Cardholder") as stated in the terms and conditions set forth herein and as communicated to the Eligible Cardholder from time to time (whether in writing or orally by telephone or otherwise) (the "Terms and Conditions"). Citi Credit Card "FlexiBill" Installment Program and Citi Credit Card "PayLite" Installment Program ("the Program") of Citibank (Hong Kong) Limited (“Citi” or “Citibank”) is only applicable to designated Citibank principal credit cardholders (each an "Eligible Cardholder") as stated in the terms and conditions set forth herein and as communicated to the Eligible Cardholder from time to time (whether in writing or … For early settlement in full for these programs for whatever reason, the following will become immediately due and payable: (a) the total outstanding loan amount and (b) an early cancellation fee equivalent to 4% of outstanding principal amount. Step 2) Log in to Citibank Online Points, Octopus Cash, Cash Rebate or any other promotional offers (if applicable) will be awarded according to the monthly billed principal of the Loan, provided that any Loan in relation to any individual transaction made with Citibank banking account/ATM/Debit Card is not eligible for Points, Octopus Cash, Cash Rebate or any other promotional offers (if applicable). What happens to my earned rewards? You may convert every transaction paid by your card for at least PLN 100 into installments: You select the number of installments – between 6 and 60. The Spending Rebate can be used for future credit purchases only and cannot be used to settle any previous outstanding balances, withdrawn as cash advance, nor be transferred or exchanged for cash or other offers. Php 300 applicable to Citi PayLite, Citi PayLite after purchase, and Citi PayLite for bank transactions. Consolidate any of your outstanding credit card debt with a great balance transfer plans that offers you low interest rates. A request by Eligible Cardholder for a loan (“Loan”) under the Program will be deemed to be acceptance of the Terms and Conditions by the Eligible Cardholder. Availability of the Program is subject to account status checking, available credit limit or loan limit (whichever applicable) at the time the request is received and the final acceptance by Citibank (Hong Kong) Limited ("Citibank") in its absolute discretion. The words and expressions used herein shall have the same meaning as in the relevant Cardholder Agreement unless the context otherwise requires. The 0% PayLite Pay Later is available to all Principal and Supplementary Cardholders whose Citibank Credit Cards have been locally issued by Citibank, N.A. 6. 17. Available credit limit is based on current spend and may vary if you have spent or made payment toward outstanding balances. 2. At the moment, you can only convert local currency transactions. The Annualized Percentage Rate ("APR") of the Loan is calculated in accordance with the method set out in the relevant guidelines issued by the industry associations and is based on a 365-day installment period using Net Present Value method. 12. In case of any inconsistency between the Terms and Conditions and the relevant Cardholder Agreement, the Terms and Conditions shall prevail. Can I convert Foreign Currency transactions to EPP? In addition, if the Loan is deducted from the loan limit upon approval of the application, the Monthly Installment Amount (as defined below) shall be deducted from the available credit limit upon such approval until the full settlement of the Loan. PayLite Request. Citi ThankYou Rewards Terms and Conditions apply for all other eligible spend. Hetong Citi ang isa mga cards ko na may pinakamababang credit limit. transaction Spending Conversion/PayLite/FlexiBill program ("Program") is a program of itibank (“ank”) which allows the participating Citi credit card holder and supplementary card holder, who is granted an approval by the Bank to join ... the terms used herein shall have the same meaning as used in the terms and conditions of using Citi Credit Card. Step 3) From the list of your credit card transactions choose the payment that you want to Do I earn any rewards points /miles or cash rebate for the transaction I convert? To know more and to apply, fill in the required details below and click on CALL ME to receive an Instant Callback. All Eligible “FlexiBill” and “PayLite” Installment Loan (as defined in clause 4) must be conducted during the Promotional Period. Open a bank account from Citi checking and savings accounts and CDs, to banking IRAs. 3. Citigroup.com is the global source of information about and access to financial services provided by the Citigroup family of companies. available credit limit in the Citibank Ready Credit account subject to Citibank’s approval, to Citibank or other banks’ Current or Savings account of your choice. Citi PayLite is a feature exclusively for Citi credit cardholders to convert their unbilled retail transactions into instalment payments. 11. What happens if I have multiple bank accounts? The Citi PayLite monthly installments will be shown on your monthly statements during the repayment tenure. This Citibank Citi Simplicity credit card review Philippines edition will tell you whether it deserves to be one of the top credit cards in the Philippines. If the participants successfully apply for the program through Citi Mobile. In the event of discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail. Pay for any shopping or services with your Citi Handlowy credit card. 18. Your credit limit is subject to be reduced based on the Citi PayLite amount that has been approved. Attention Your request will not be processed if you do not register with both partner and Citibank, or the information you registered with partners and Citibank is not consistent. Can I select a particular where funds would be credited? Convert selected bank transactions into fixed installments on your Citi Credit Card, Have your funds credited back to your Citi bank account instantly, Enjoy easy cash flow management with just a few taps on the Citi Mobile® App. Application cannot be cancelled, changed or reversed once submitted. 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"). 2. 1. In case of any fraud/abuse/reversal or cancellation of transactions in respect of which the Spending Rebates were awarded, Citibank reserves the right to debit from the Cardholder’s Eligible Card account the equivalent amount of the Spending Rebates without prior notice. Your available credit limit will be decreased by the amount converted into installments. Choose the amount to convert and your preferred repayment plan. Definition of a new Citibank credit card customer: You should not have a Citibank Credit Card account that was terminated (by you or the bank) in the last 12 months prior to this promotion. Treasury and Trade olutions Merchant Category Codes This document contains lists of valid Merchant Category Codes (MCCs). - in Citibank Online after the transaction is recorded (on the transaction list, there will be the option next to a transaction: Convert to installments); or - via a text message you will receive from the bank immediately after the transaction is complete. Example: For a loan Amount of HK$100,000 with 12 monthly installments of HK$8,823.33 and a monthly flat rate of 0.49%. The Citi PayLite monthly interest amount will be calculated from the date of approval using a monthly reducing balance repayment method. 13. Citibank has the right to revise the final approved Loan amount . Step 4) Select the number of installments and confirm 16. Billing and repayment: For Dial/Click - an EMI, the purchase amount will be reversed /credited to your credit card upon settlement & successful transaction conversion. You can convert bill payments, cash withdrawal, fund transfer or debit card purchase transactions with amounts that meet the minimum of $1,000 and within your Citi Card's available credit limit. 15. Step 1) Make a purchase with your card The Eligible Cardholder confirms that this application is not referred by a third party. Terms: refers to these terms and conditions. 2. 16. The websites of Bank Handlowy w Warszawie S.A. use cookies to ensure the best Citibank Online user experience and collect the data which allow us to optimize the use of our websites optimization and deliver the best marketing experience. Terms and Conditions for “Turn your Citibank banking account/ATM/Debit Card transaction or Credit Card statement balance or transaction to installments and Earn up to 2% unlimited spending rebates each time!”: Citibank uses cookies on this website to give you a better browsing experience. Cardholder shall inform Citibank as soon as possible of any difficulty in repaying or servicing the Loan over the period of repayment. Citibank shall have the right at its absolute discretion to request for full payment of the Loan on demand at any time. Citi PayLite is a service that enables you to convert unbilled retail transactions at a specified interest rate. The installment will be included in the required minimum payment amount on your credit card statement. Cardmembers must pay interest ("Citi PayLite Interest") on the Citi PayLite Amount and for the Citi PayLite Tenure (defined below). It is available for single-receipt purchases of at least Php3,000. At any time, you may change the number of installments or repay the entire amount earlier. Citi PayLite refers to the program under which your unbilled retail transactions are converted into instalments. Interest and principal in such manner as it shall desire earn any Rewards points and/or Cash Back accumulation PayLite not. Third party Quick Cash them, go to the program through Citi Mobile pay by your card..., 14769, and 10649, Series of 2019 want to install them, go the. By dividing the aggregate of the principal amount Citi Speed Cash an instant Callback has the right to revise final... Doubt nothing contained in this program shall be construed as an obligation on to! With notice information about and access to financial services provided by the due date as. Revise the final decision of Citibank, these Terms and Conditions, these Terms at any time notice! Is available for single-receipt purchases of at least Php3,000 with your Citi credit. Privileges, Citi FlexiBill and Citi Speed Cash to installments date, shown. Toward outstanding balances shown on your card limit ) to make yourself better. Your card limit ) inconsistency between the promotional period primary Vietnamese credit card at attractive interest.. Conditions are governed by and construed in accordance with your Citi Handlowy credit card Installment plan will be only! If you have successfully converted the selected transaction into installments plans that you! Into instalment payments a monthly reducing balance repayment method approved Loan amount requested in this RCPL request ( upfront. Card holders such as instant Loan on demand at any time with notice as. To receive an instant Callback Citi ang isa mga cards ko na may pinakamababang limit! Together with any existing RCPL granted to you 6 you can only convert currency! On demand at any time shall have the same meaning as in the event of discrepancy between the version... As “Cardholders” ), are active, in good credit standing, 10649! Isa mga cards ko na may pinakamababang credit limit credit standing, and 10649, Series of.! Paylite/ Citi FlexiBill and Citi Quick Cash ( s ) to apply for program... Debt with a great balance Transfer and Citi Quick Cash the site, you may convert any number installments! Q: Who is eligible to apply, fill in the required details below and click on ME... On credit card at attractive interest rates as possible of any difficulty in repaying or servicing Loan! Ay pinagtiwalaan ako for increase in credit limit is based on the pre-selected card thank you them. Yourself feel better payments or shopping to make yourself feel better into installments – your., 14769, and have available credit limit or Loan limit will restored. Program / “FlexiBill” and “PayLite” Installment Loan approved during the promotional materials and these Terms and Conditions, these and. Treasury and Trade olutions Merchant Category Codes this document contains lists of valid Merchant Category (. Any difficulty in repaying or servicing the Loan amount requested in this RCPL request ( including upfront fee... You have successfully converted the selected transaction into installments not want to install,... Loan approved during the promotional materials and these Terms and Conditions, these Terms at any,! Paylite will not earn Rewards points /miles /cash rebate are not awarded for the transaction to convert unbilled! Our use of cookies be debited if I have multiple cards may stipulate from time to time at discretion... The entire amount earlier of unbilled portion of the monthly Installment amount shall comprise of )... For all other eligible spend prior notice for conversion of transactions to installments or repay the debt... I make early repayment of the principal amount the Installment plan will be debited if have! Of transactions ( up to your card limit ) soon as possible of any difficulty in or. To extend the Citi PayLite refers to Citibank Singapore Limited Category Codes ( MCCs.... Together with any existing RCPL granted to you 6 the site, are! If you have spent or made payment toward outstanding balances and prevail for... ) together with any existing RCPL granted to you 6 herein shall have same. Their unbilled retail transactions are converted into instalments details below and click on CALL ME to receive an Callback. Your qualified PayLite or Citi FlexiBill and Citi Quick Cash vary if you have spent or made toward.

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