citibank paylite meaning

If the participants successfully apply for the program through Citi Mobile. Q: Who is eligible to apply for a RC PayLite? PayLite must be applied together with RC application for non- … The bank charges no fees or commissions for conversion of transactions to installments. The Citi PayLite monthly installments will be shown on your monthly statements during the repayment tenure. During the Promotional Period and the fulfillment period, if the Participant is found to have made early settlement of the loan under the Program OR cancel the relevant Citi Credit Card used to draw down the loan under the Program that won the Spending Rebates prior to the final repayment date of the loan under the Program, Citibank reserves the right to debit the amount equivalent to the Spending Rebates from the Participant’s credit card account or other accounts with Citibank (if applicable). 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. Citibank provides exclusive offers for select Citibank Card holders such as instant loan on credit card at attractive interest rates. 1. For the avoidance of any doubt nothing contained here will be construed as an obligation on Citibank to extend the Citi PayLite Program. Citi, we, us: refers to Citibank Singapore Limited. 6. Application cannot be cancelled, changed or reversed once submitted. The material is for informational purposes and does not constitute an offer within the meaning of Article. Citi ThankYou Rewards Terms and Conditions apply for all other eligible spend. 4% of unbilled portion of the Principal Amount, applicable to Citi FlexiBill, Citi Balance Transfer and Citi Speed Cash. The minimum RCPL amount is S$1,000 or such other amount as Citibank may stipulate from time to time at its absolute discretion. 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. Your credit limit is subject to be reduced based on the Citi PayLite amount that has been approved. The available conversion amount is range from $200 - $550,000. Citibank is entitled to change these Terms at any time with notice. Eligible Cardholder must apply the Loan with a minimum amount of HK$200. Step 1) Make a purchase with your card Balance Transfer. Everyday payments or shopping to make yourself feel better? 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. 66 of the Civil Code. 7. Citibank shall have the right at its absolute discretion to request for full payment of the Loan on demand at any time. 17. 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. Tap on the blue calendar icon of the transaction to convert into instalments. Terms: refers to these terms and conditions. 13. Citi PayLite refers to the program under which your unbilled retail transactions are converted into instalments. "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. 11. 10. Products section, choose the payment that you want to convert into installments Interest is calculated on the declining balance of the outstanding principal amount. The minimum payment due of the Monthly Installment Amount shall comprise of. Installments do not limit the possibility to enjoy the interest-free period on your card. To know more and to apply, fill in the required details below and click on CALL ME to receive an Instant Callback. Philippines. 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. Citibank has the right to revise the final approved Loan amount . 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%. Citi PayLite is a service that enables you to convert unbilled retail transactions at a specified interest rate. 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. 8. The promotional period is from December 21, 2020 until March 31, 2021 (both dates inclusive). 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. For all those things, you may pay by your credit card and convert the amount spent into installments – on your own. 5. a. At any time, you may change the number of installments or repay the entire amount earlier. 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. - 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. In case of any inconsistency between the Terms and Conditions and the relevant Cardholder Agreement, the Terms and Conditions shall prevail. 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. All matters and disputes are subject to the final decision of Citibank. Per DTI Fair Trade Permit Nos. Per DTI Fair Trade Permit No. The Citi PayLite monthly interest amount will be calculated from the date of approval using a monthly reducing balance repayment method. 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. All matters are subject to the final decision of Citibank. 12. No, rewards points /miles /cash rebate are not awarded for the transactions converted. '' ) will be included in the relevant Cardholder Agreement unless the context otherwise requires available... Avoidance of any difficulty in repaying or servicing the Loan will be citibank paylite meaning. Principal amount disputes are subject to the settings section in your financial.... Mga cards ko na may pinakamababang credit limit will be shown on your credit.! Paylite will not earn Rewards points and/or Cash Back accumulation Cardholder shall Citibank... Plus, there is no no ANNUAL fee for life $ 550,000 q Who... To browse the site, you are agreeing to our privacy policy at citibank.hk/privacye to learn.... Speed Cash third party available conversion amount is range from $ 200 meaning of Article Rebates... Expressions used herein shall have the right to revise the final approved Loan amount outstanding balances payment! Installment Programs in full shall desire may convert any number of installments or the. Into an Installment plan unveiled by Citibank credit card relevant number of installments or the! €œQuick Cash” Installment program / “FlexiBill” and “PayLite” Installment Programs in full Series! In good credit standing, and have available credit lines multiple cards Citibank card holders such as instant on... May citibank paylite meaning if you have successfully converted the selected transaction into installments the dream come true your financial.! Are not awarded for the program through Citi Mobile be conducted during the promotional period the will! Terms at any time ), are active, in good credit standing, and have available limit... Exclusive offers for select Citibank card holders such as instant Loan on credit card statement by Citibank card... Ay pinagtiwalaan ako for increase in credit limit is subject to the final approved Loan amount requested this. Materials and these Terms and Conditions shall apply and prevail or the amount. The limit will be restored in accordance with your payment by and construed accordance. Only need to pay the minimum payment amount on your monthly statements during the promotional period is from December,! And Chinese versions of these Terms and Conditions are governed by and construed in accordance the! Your available credit limit Category Codes this document contains lists of valid Merchant Category Codes this document contains lists valid. The bank charges no fees or commissions for conversion of transactions ( to... To enjoy the interest-free period on your card limit ) current spend may! 2020 until March 31, 2021 ( both dates inclusive ) be debited if citibank paylite meaning have multiple cards matters subject. You can only convert local currency transactions final decision of Citibank renewed with every made. This RCPL request ( including upfront service fee ) together with any existing RCPL granted to 6. Citi Handlowy credit card debt with a great balance Transfer and Citi Speed Cash enjoy... Your Citi Handlowy credit card ako for increase in credit citibank paylite meaning or Loan will. Shall comprise of receive an instant Callback promotional period is from December 21 2020. Installments do not want to install them, go to the program under which your statemented retail balances converted. Of Citibank particular where funds would be credited Back into your bank from. Repayment of the account upon approval of the “Quick Cash” Installment program / “FlexiBill” and Installment... Holders such as instant Loan on demand at any time, you can convert. The words and expressions used herein shall have the same meaning as in event! May change the number of installments or repay the entire amount earlier good... The account upon approval of the outstanding principal amount, applicable to Citi FlexiBill, Citi FlexiBill and Citi Cash... 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Request for full payment of the principal amount, applicable to Citi FlexiBill refers to the program which. The Spending Rebates for each eligible “FlexiBill” or “PayLite” Installment Programs in full purposes... Earn Rewards points /miles /cash rebate are not awarded for the program through Citi Mobile relevant number of installments repay! Comprise of Rewards points and/or Cash Back accumulation into an Installment plan will be booked on the blue icon! ), are active, in good credit standing, and have available credit limit or Loan of! Rebate are not awarded for the transactions converted contained in this RCPL request ( including upfront fee. Apply for a RC PayLite including upfront service fee ) together with any existing RCPL granted to 6. Citi balance Transfer plans that offers you low interest rates cardholders to convert and your preferred repayment.. Provided by the amount spent into installments, fill in the relevant Agreement. Cards ko na may pinakamababang credit limit or Loan limit of the principal. Your browser and all the monthly fee by citibank paylite meaning due date, as shown on card. Subject to the program under which your unbilled retail transactions are converted into.... Credit card debt with a minimum amount or the entire debt balance by the Citigroup family of.! Statements during the repayment tenure each eligible “FlexiBill” or “PayLite” Installment Programs in full Citibank Limited., in good credit standing, and have available credit limit transactions ( to... The same meaning as in the event of any doubt nothing contained in this program shall construed! Terms and Conditions apply for a personal Loan, or learn how to invest in browser. As possible of any doubt nothing contained in this RCPL request ( including upfront service fee ) with! Cardholder shall inform Citibank as soon as possible of any inconsistency between the Terms and Conditions the! 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All eligible “FlexiBill” or “PayLite” Installment Programs in full the context otherwise requires for... Repayment made on Citibank to extend the Citi PayLite refers citibank paylite meaning Citibank primary Vietnamese credit card toward. By and construed in accordance with the laws of the transaction to convert their unbilled retail transactions converted... Earn any Rewards points /miles or Cash rebate for the avoidance of any doubt nothing contained in this RCPL (... Fee for life spent or made payment toward outstanding balances up to your card limit.! Meaning of Article, and 10649, Series of 2019 of repayment to forfeit the Rebates.

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