Citibank
| Instalment Period | Interest Rate | Minimum Amount |
|---|---|---|
| 6 months | 10.57% p.a. and no one-time upfront handling fee | RM500 |
| 12 months | 9.96% p.a. and no one-time upfront handling fee | RM500 |
| 18 months | 9.84% p.a. and no one-time upfront handling fee | RM500 |
| 24 months | 9.85% p.a. and no one-time upfront handling fee | RM500 |
| 30 months | 9.91% p.a. and no one-time upfront handling fee | RM500 |
| 36 months | 9.99% p.a. and no one-time upfront handling fee | RM500 |
| 48 months | 9.99% p.a. and no one-time upfront handling fee | RM500 |
| 60 months | 9.99% p.a. and no one-time upfront handling fee | RM500 |
Make a purchase of at least RM500 with your Citibank credit card anywhere around the world and manage your finances better.
The Citibank PayLite allows for you to convert some of your favorite Citibank credit card purchases into affordable monthly instalments with zero processing fee. All you need to do is to convert your purchases on your Citi Mobile App. No documents are required.
Okay, so for an average person, the interest rate charged to a credit card bill is 18% p.a. which, let’s admit it, is a lot of money on the side.
With Citi PayLite, you can both choose a tenure that works for you and reduced interest rate based on your expenditure.
So, pick a repayment period, from a minimum of 6 months up to a period of 60 months. Likewise, the interest rate will be up to 10.57% p.a. instead of 18% p.a.(depending on the effective interest rate and tenure being applied for).
Make your payments in small instalments to avoid that pinch you’d feel if you blew through your savings.
Speaking of blowing through your savings. Remember to make all your payments on time, or you will have to pay an interest of 18% above a possible late payment fee.
The minimum amount you need to spend to be eligible for this plan is RM500 in either a single receipt or accumulated retail transactions. Remember to bundle them together into one instalment plan on your Citi Mobile App.
Simply drop a call to Citibank and tell them which purchases you’d like to be converted under the plan. Then pick a tenure that you’re comfortable with.
Keep in mind that you should notify the bank of the purchases you'd like to convert under the Citi PayLite before it shows up in your monthly statement. Once it has been billed it can't be un-billed.
| Credit card image | Credit card name and benefits | Interest Rate | Cashback | Annual Fee | Apply Online |
|---|---|---|---|---|---|
 | Citi Business Platinum CardA unique card that balances your business and lifestyle needs, both locally or abroad. Earn unlimited cashback with automatic redemption. |
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| Read more Apply now |