| 1. |
The word "Card" means any credit card issued by Citibank Berhad (Company No. 297089 M) ("Citibank") and the word "Cardholder", means the holder of a Card applying for cash advance under these terms and conditions. These terms and conditions will apply in conjunction with the Citibank Card Agreement Terms and Conditions ("Citibank Card Agreement") and all terms and conditions of the Citibank Card Agreement will apply here with necessary changes having been made, having substituted new terms and with respective differences taken into consideration, but where there is any inconsistency between the two sets, these terms and conditions will prevail to the extent it applies to cash advance. All expressions here will have the same meanings as set out in the Citibank Card Agreement except where the context otherwise requires or where express stated to the contrary. |
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| 2. |
A cash advance will be made available to the Cardholder subject to these terms and conditions. |
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| 3. |
The Cardholder must meet the minimum acceptance criteria as determined by Citibank at its sole and absolute discretion at the time when the Cardholder applies for a cash advance. In particular, the Cardholder may only obtain cash advances when the Cardholder has sufficient available credit limit in the Cardholder's Card Account, the Card Account is valid and in good standing, has not been blocked, cancelled or terminated by Citibank and there has been no default in payment.
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| 4. |
The Cardholder may apply for a cash advance at any time by:
| a) |
calling CitiPhone anytime at 03-2383 0000 (Kuala Lumpur), 04-296 0000 (Penang) or 07-268 0000 (Johor Bahru) and making a verbal application to the CitiPhone Banking Officer; or |
| b) |
making a verbal application to Citibank's telemarketing team; or |
| c) |
completing in full the relevant cash advance section available on the Citibank credit card application form; or |
| d) |
any other form prescribed by Citibank to make such an application. |
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| 5. |
Upon receipt by Citibank of the Cardholder's application made in accordance with paragraph 4 above, the Cardholder's application will be entered into Citibank's system to be processed subsequently by Citibank.
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| 6. |
Approval of the Cardholder's application is subject to the sole and absolute discretion of Citibank. Citibank reserves the right to approve a cash advance of a lower amount than the amount requested by the Cardholder in the Cardholder's application.
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| 7. |
The cash advance approved by Citibank will be deposited into any one of the Cardholder's bank account(s) maintained with any bank, as specified by the Cardholder in the Cardholder's application, at least fourteen (14) days after Citibank's approval of the application. Charges (if any) imposed by the receiving bank in respect of the deposit of the cash advance into the Cardholder's bank account(s), including but not limited to commission charges imposed by the receiving bank in respect of clearing banker's cheque(s) issued by Citibank, will be borne by the Cardholder.
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| 8. |
Interest will accrue on the cash advance from the date of approval of the Cardholder's application until repayment in full at the current rate of 1.5% per month (or 18% per annum) or such other rate(s) as may be specified and modified by Citibank from time to time ("Cash Advance Interest").
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| 9. |
A fee of 5%, or such other rate(s) as may be prescribed by Citibank from time to time, will be imposed on the cash advance, subject to a minimum of RM20 or such amount as Citibank may determine from time to time ("Cash Advance Fee") and charged to the Cardholder's Card Account.
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| 10. |
If the Cardholder request to cancel the Cardholder's cash advance application after the application has been entered into Citibank's system, the Cardholder is obligated to pay Citibank the Cash Advance Fee and Cash Advance interest calculated from the date of entry of the Cardholder's application into Citibank's system to the date of approval by Citibank of the Cardholder's cancellation request. Approval of the Cardholder's cancellation request is subject to the sole and absolute discretion of Citibank.
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| 11. |
The Cash Advance Fee will be reflected in the Cardholder's next monthly statement following Citibank's approval of the Cardholder's application. The Cardholder's monthly statement will show the Cash Advance Interest that has been accruing on the cash advance until the date of repayment in full. |
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| 12. |
The Cardholder can earn Rewards points with cash advance. |
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| 13. |
All matters of dispute under the terms and conditions contained herein are subject to the final decision of Citibank. |
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| 14. |
Citibank reserves the right to change these terms and conditions from time to time with prior notice. These Terms and Conditions may be changed by posting on its www.citibank.com.my website ("Website") or in any other manner which Citibank decides is suitable. The Cardholders agree to access the Website regularly to view these Terms and Conditions and to ensure that they are kept-up to-date with any changes to these terms and conditions. The Cardholders agree that their participation in the Cash Advance will be considered to be their acceptance of these terms and conditions (which may be changed). |
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| 15. |
These terms and conditions will be governed by and interpreted in accordance with the laws of Malaysia.
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