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- Minimum Monthly Repayment
- 5% of outstanding balance* (if any) + 100% service tax (if any) + 100% Monthly Instalments** (if any) + 100% past due amount (if any); OR
- RM50; whichever is higher
- If your Current Balance is below RM50, the Minimum Monthly Payment will be 100% of your Current Balance
*Outstanding balance refers to retail transactions (if any) + Balance Transfer amount (if any) + Cash Advance amount (if any) + finance charges and fees (if any).
**Monthly Instalment refers to the sum of all contracted monthly instalments which includes auto balance conversion, easy payment plan, credit card instalment plan and other instalment plans available from time to time.
The below examples provide an illustration on the impact of the revision to your minimum monthly repayment.
Note: The below are for illustration purposes and your actual minimum monthly repayment amount will vary according to your transactions and balances.
Example 1
| Statement Balances | Credit Limit: RM 5,000 |
|---|---|
| Retail Purchases | RM 800 |
| Finance Charges | RM 10.00 |
| Total | RM 810.00 |
| Minimum Monthly Payment Due | RM |
|---|---|
|
(i)
5% of outstanding balance* (if any) + 100% service tax (if any) + 100% Monthly Instalments** (if any) + 100% past due amount (if any);
|
41.00 |
|
(ii)
RM50, whichever is higher
|
50.00 |
| The minimum monthly payment amount is RM 50.00 as this is the highest amount. | |
Example 2
| Statement Balances | Credit Limit: RM 5,000 |
|---|---|
| Retail Purchases | RM 3,000 |
| Monthly Instalment: Quick Cash (Principal) Monthly Instalment: Quick Cash (Interest) |
RM 200.00 RM 5.00 |
| Finance Charges | RM 10.00 |
| Total | RM 3215.00 |
| Minimum Monthly Payment Due | RM |
|---|---|
|
(i)
5% of outstanding balance* (if any) + 100% service tax (if any) + 100% Monthly Instalments** (if any) + 100% past due amount (if any);
|
356.00 |
|
(ii)
RM50, whichever is higher
|
50.00 |
| The minimum monthly payment amount is RM 356.00 as this is the highest amount. | |
Example 3
| Statement Balances | Credit Limit: RM 5,000 |
|---|---|
| Balance Transfer | RM 3,000 |
| Cash Advance | RM 1,000 |
| Finance Charges | RM 15.00 |
| Total | RM 4,015.00 |
| Minimum Monthly Payment Due | RM |
|---|---|
|
(i)
5% of outstanding balance* (if any) + 100% service tax (if any) + 100% Monthly Instalments** (if any) + 100% past due amount (if any);
|
201.00 |
|
(ii)
RM50, whichever is higher
|
50.00 |
| The minimum monthly payment amount is RM 201.00 as this is the highest amount. | |
Example 4
| Statement Balances |
Credit Limit: RM 5,000 RM 1,188.98 |
|---|---|
| Retail Purchases | RM 5,000 |
| Cash Advance Amount | RM 1,000 |
| Finance Charges | RM 30.00 |
| Monthly Instalment: Quick Cash (Principal) | RM 72.49 |
| Monthly Instalment: Quick Cash (Interest) | RM 21.49 |
| Overlimit fees | RM 25.00 |
| 100% service tax | RM 25.00 |
| Late Charge Fee | RM 15.00 |
| Total | RM 6,188.98 |
| Minimum Monthly Repayment Due | RM |
|---|---|
|
(i)
5% of outstanding balance* (if any) + 100% service tax (if any) + 100% Monthly Instalments** (if any) + 100% past due amount (if any);
|
RM 422.98 |
|
(ii)
RM50, whichever is higher
|
50.00 |
| The minimum monthly payment amount is RM 422.98 as this is the highest amount. | |
*Outstanding balance = Retail transactions (if any) + Balance Transfer amount (if any) + Cash Advance amount (if any) + finance charges and fees (if any).
**Monthly Instalment refers to the sum of all contracted monthly instalments which includes auto balance conversion, easy payment plan, credit card instalment plan and other instalment plans available from time to time.
Minimum Monthly Payment amount in Current Balance* will be rounded up (including cents) to the next RM1.00.
If you have difficulty in making repayments, you should contact us the earliest possible to discuss repayment alternatives. You may contact Citibank Berhad at:
| Telephone: |
|
| Live Chat: Contact our agents through this link: | https://chat.citibank.com.my/MY/WebChat/ |
Alternatively, you may seek the services of Agensi Kaunseling dan Pengurusan Kredit (AKPK), an agency established by Bank Negara Malaysia to provide complimentary services on money management, credit counselling and debt restructuring for individuals. You can contact AKPK at:
| Address:: |
Tingkat 8, Maju Junction Mall 1001, Jalan Sultan Ismail 50250 Kuala Lumpur |
| Telephone:: | 1-800-88-2575 1-800-88-2575 |
| E-mail: | enquiry@akpk.org.my |
Past Due amount is the previous month's unpaid Minimum Monthly Payment amount.