Pay only half the interest rates!
The Citibank FlexiPayment Plan allows for you to convert some of your favorite purchases under an easy payment plan. This way you get to make smaller and easier payments.
Tell me more
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 the FlexiPayment Plan 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 36 months. Likewise, the interest rate will range from 9.84% - 10.57% p.a.! That’s almost half of the regular interest rate.
Make your payments in small installments 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.
How do I apply?
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 FlexiPayment Plan before it shows up in your monthly statement. Once it has been billed it can't be un-billed.