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Tiered Finance Charges
Citi credit card tiered finance charges is maintained at 15%p.a., 17%p.a., 18%p.a. The applicable finance charges between 15%p.a. to 18%p.a. will be based on your last 12 months’ repayment record to reward customers who demonstrate good payment track records.
Finance Charges
To the extent permitted by law, the Finance charges are imposed on the portion of balances that relates to finance charges and other fees or charges (excluding late payment charge) that were carried forward from balances posted in previous statements.
Finance charges will be levied on the outstanding balance or Current Balance in your statement at the rates prescribed by Bank Negara Malaysia under its guidelines (including its credit card guidelines, as amended from time to time) (or such other rate that may be lower as determined by us at our discretion and as we deem fit) and subject to the maximum rates for the following categories.
Here is how it works:
| Description | Finance charges |
|---|---|
| Cardmembers who promptly settle their Minimum Monthly Payment due for twelve (12) consecutive months. | 15% p.a. |
| Cardmembers who promptly settle their Minimum Monthly Payment due for ten (10)/ eleven (11) months in the last twelve (12) consecutive months. | 17% p.a. |
| Cardmembers who make nine (9) months or less prompt payments of their Minimum Monthly Payment in the last twelve (12) consecutive months. | 18% p.a. |
*Prompt payments refer to payments received by the due date which have met the minimum payment requirement.
For new Citibank credit cardmembers, finance charges of 18% p.a. will be applied. The applicable tiered finance charges will only be effective until such time when you have the minimum 10 months repayment record with us.
A finance charge of 18% p.a. will be applied to you until such time when you have the minimum 10 months repayment record with us.
15%p.a., as long as you make prompt payments of more than or equal to minimum payment due of your total outstanding balances for 12 months consecutively although there are no transactions for one or more months.
Tiered finance charge rate will be at 15%p.a. if there is no usage, no outstanding balance based on your 12 month’s repayment record.
Yes as the applicable finance charges will be based on your 12 month’s repayment record.
To view the FAQ in Bahasa Malaysia, please click here.
