How To Get A Credit Card From Citibank

Transcription

1 CREDIT CARD BALANCE TRANSFER VIA INSTALMENT PLAN (BTI) TERMS AND CONDITIONS These are the salient terms and conditions governing and applicable to Balance Transfer via Instalment Plan. The meanings of capitalised terms are stated in the respective full set of terms and conditions which are available on Citibank s website at The Balance Transfer via Instalment Plan facility allows you to transfer the whole or part of your outstanding balance (including fees, accrued interest, finance charges and other charges) ( Outstanding Balance ) as shown in the latest account statement(s) from any principal card account of any credit card held under your name which is issued by other licensed banks, financial institutions and credit card issuers ( Other Licensed Institution ) to any Citibank Card Account currently held by you by debiting your Card Account. 1. Citibank will not be responsible for any finance charges incurred by you from and due to the Other Licensed Institution caused by a delay or failure by Citibank in paying the Outstanding Balance. Citibank will not be liable to absolve you from your liabilities and obligations towards the Other Licensed Institution. 2. The Amount Transferred will not earn Rewards Points and/or cash rebates unless Citibank determines otherwise. 3. Approval of the Amount Transferred is subject to Citibank s discretion as we deem fit. 4. Unless a separate credit limit is granted, upon your Card Account being debited with the Amount Transferred, it will be deemed that you have utilised the Amount Transferred out of your existing credit availability. Such utilised credit amount will be made available to you again upon repayment of the same. 5. The Amount Transferred debited to your Citibank Credit Card account is subject to an effective interest rate as determined by Citibank throughout the BTI Tenure which is calculated on a reducing balance repayment method. Citibank reserves the right to vary the interest rates from time to time. For the avoidance of any doubt, if there are any changes to the interest rates after the approval of your BTI application, you will be charged with the chargeable interest locked-in as at the date of approval of your BTI. 6. The effective interest rate payable by you will be calculated from the date of approval of the Amount Transferred. Depending on when the BTI is approved, interest for the first monthly instalment will be pro-rated as interest for the first monthly instalment will be calculated from the date of such approval to the date of the next statement and after that, interest will be calculated from the date of one statement to the date of the other. Any unpaid interest on the BTI monthly instalment outstanding on the due date specified in your monthly credit card statement may be capitalised on each payment due date and subject to the finance charges as is applicable to ordinary transactions in accordance with the Citibank Card Terms and Conditions until you fully repay the outstanding amount. 7. Subject to Citibank s discretion as we deem fit, you may either receive a separate credit limit which you can utilise for the BTI or you may use your existing Card credit limit for the BTI. 8. Subject to Citibank s approval, you may cancel the BTI and elect for early settlement of the BTI. If you cancel or terminate the BTI before half of the BTI Tenure has lapsed, you will pay RM100 as an Early Settlement Fee. For the avoidance of doubt, the Early Settlement Fee will be charged on each BTI booked and subsequently terminated before reaching half of the BTI Tenure. 9. In the event you delay or fail to pay the whole of any monthly instalment, the terms of the Citibank Card will apply and, the outstanding instalment amount owing under the monthly instalment, BTI Interest, together with the applicable finance charges will be charged to your Card Account. 10. If you default on three (3) or more consecutive instalment payments, all monies due and owing under the BTI, comprising of the total of the outstanding monthly instalments and total of any unbilled principal of the Amount Transferred, together with the applicable finance charges and balance of all other monies due and owing under the BTI will be due and must be paid by you. FEES AND CHARGES Please refer to the respective Product Disclosure Sheet (PDS) for Citibank Credit Cards or Citibank Ready Credit.

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3 15 GENERAL DECLARATION FOR CITIBANK CREDIT CARD & CITIBANK READY CREDIT I/We hereby declare, acknowledge, agree and confirm as follows: 1. I/We warrant that all information furnished here is true, accurate and not misleading. 2. I/We authorise Citibank Berhad ( the Bank ), at any time and from time to time to access, obtain, verify and/or use, any data or information from any source (including credit reference agencies, Bank Negara Malaysia ( BNM ), the Credit Bureau and/or the Central Credit Reference Information System ( CCRIS ) and such relevant authorities) for purposes of evaluating my/our credit standing in connection to me/us, this application and any facility, service or accommodation I/we have or may have (whether or not with the Bank) as the Bank deems fit. I/We understand that this application, the opening, operation and conduct of my/our Card Account, CRC Account and any future facility, service or accommodation applied by me/us or granted by you (whether in my sole name or jointly with another or others, including the Supplementary Cardmember(s), presently or subsequently opened) may be reported to the Dishonoured Cheques Information System ( DCHEQS ) maintained by BNM, CCRIS and such relevant authorities (as the case may be) as the Bank deem fit. 3. I/We authorise the Bank to disclose, store, utilise and/or transfer my/our personal data such as my/ our name, address(es), contact numbers, information obtained from credit reference agencies, BNM, the Credit Bureau, CCRIS and such relevant authorities pertaining to this application and/or any facility, service or accommodation applied by me/us or granted by the Bank (whether in my sole name or jointly with another or others, including the Supplementary Cardmember(s), presently or subsequently opened) and whether within or outside Malaysia ( Information ) to/with Citibank Berhad, Citibank N.A., Citigroup Inc. or any of your/their offices, affiliates or subsidiaries (collectively Citigroup ), merchants, VISA International Services Association, MasterCard International Incorporated, any vendors and/or third party service providers engaged by the Bank and/or Citigroup, including any person to whom the Bank and/or Citigroup has outsourced the other purposes incidental and associated with any of the above. 4. I/We declare that my/our spouse(s), children or parents (if any) is/are not employee(s) or director(s) of the Bank in compliance with the Banking and Financial Institutions Act, 1989 ( BAFIA ). I/We also declare and understand that my/our application is subject to non-applicability of the restrictions found in Section 62 of BAFIA and provided that I/we am/are not in breach of or in contravention of the laws of Malaysia, failing which, you are entitled to terminate my/our Card(s) and/or CRC Facility. 5. I/We fully understand that the approval of my/our application is at the discretion as the Bank deem fit and you may at any time terminate my/our Cards(s) and/or CRC Facility with notice performance of its/their operational functions (whether within or outside Malaysia), in connection with this application or any products, service or accommodation I/we have or may have with the Bank, for confidential use, processing this application, data processing, credit evaluation, meeting legal and regulatory requirements, for provision of goods or services, marketing and promoting any products, service and/or accommodation to me/us, provision of services such as protection plans or insurance policies where applicable (including assessing, processing and investigating any risks or claims), fulfillment and delivery of gifts to me/us in connection with this application, my/our Card(s) and/or CRC Facility, the Card Terms and Conditions and/or Citibank Ready Credit Customer s Terms and Conditions and all I/We will keep you fully indemnified against any claims, actions, proceedings, losses, damages, costs and charges as a result of using and/or in connection with the Information, Card(s), Citibank Card Terms and Conditions, CRC Facility, Citibank Ready Credit Customer s Terms and Conditions and all relevant agreements, covenants and undertakings by me. I/We expressly consent to the mailing of my/our Card(s), Debit & ATM Card, the Citibank Card Terms and Conditions, the relevant Terms and Conditions for specific Card-type (if applicable), and/or Citibank Ready Credit Customer s Terms and Conditions to my/our address(es) provided here if my/our application is successfully approved. 16 DECLARATION FOR CREDIT CARD SPECIFIC DECLARATION FOR PRINCIPAL CARD APPLICANTS The Bank has informed me and I fully understand that in accordance with prevailing Bank Negara Malaysia Guidelines, if my annual income is RM36,000 or less, I can only hold credit cards as a Principal Cardmember from a maximum of two (2) credit card issuers ( Maximum Issuer Restriction ). Upon the issuance by the Bank of the credit card(s) applied for under this application, I declare that so long as the Maximum Issuer Restriction applies to me: (1) I will be holding credit cards from a maximum of two (2) credit card issuers (including the Bank as an issuer); and (2) If I am an existing Citibank Principal Cardmember holding credit cards from more than two (2) credit card issuers (including the Bank as an issuer), I undertake to comply with the Maximum Issuer Restriction effective 1 January Terms and Conditions IMPORTANT: You are deemed to have accepted Citibank Card Terms and Conditions and are bound by them once you start using your Citibank Berhad VISA Card or MasterCard ( Card ). As such, you should read these terms and conditions and the relevant terms and conditions for specific Card-type, whichever is applicable, available online at prior to usage of the Card. If you require a printed copy, kindly contact us to request a copy or call Citibank Phone Banking at (1) Usage of the card is governed by the Citibank Card Terms and Conditions and the relevant terms and conditions for specific Card-type, whichever is applicable, and is binding on the Principal Cardmember(s) and the Supplementary Cardmembers). (2) The Principal Cardmember shall be responsible for all liabilities and obligations of the Principal Cardmember as well as the Supplementary Cardmember(s). The Principal Cardmember is jointly and severally liable to us for all amounts and charges due and owing to us from the use by the Supplementary Cardmember(s) of his/her own Supplementary Card(s). (3) Any Card(s) issued to me/us, including Supplementary Card(s) must not be used by me/us for any unlawful activity or purpose (including without limitation online gambling), whether in whole or part. (4) For principal card applications: I understand that if I am submitting 17 DECLARATION FOR CITIBANK READY CREDIT ( CRC FACILITY ) this application for more than one or multiple Citibank credit cards, I may be participating in more than one Citibank credit card promotion in which gifts are given for successfully approved applications. In such event, I hereby CONFIRM that I am the only one entitled to receive the gift from only ONE of such promotions, regardless of the number of Citibank credit cards that are successfully approved. For this purpose, and subject to Citibank s approval of my applications, my preference of the gift is as indicated on page 1. By signing below, I confirm that (1) I have read and agree to abide by the provisions contained in Box 16 above and this Box 17. (2) My minimum income is RM24,000 per annum or more. (3) For CitiBusiness Card application, my business sales turnover is RM120,000 per annum or more. (4) My signature below constitutes a request for Citibank VISA credit card if I already have a Citibank MasterCard and vice versa, if applicable. (5) My signature constitutes a request for Gold/Classic Card if I do not qualify for Platinum/Gold Card. (6) The Principal and Supplementary Cardmember(s) will be jointly and severally liable to the Bank for all amounts and charges due and owing however arising from the use by the Supplementary Cardmember(s) of his own Supplementary Card(s). (7) The Bank may allow the Principal Cardmember(s) to exceed the credit limit/total credit limit and/or the Supplementary Cardmember(s) to exceed the Supplementary Card(s) limit (if a separate credit limit is assigned) at the Bank s discretion as we deem fit. (8) The Principal Cardmember(s) and the Supplementary Cardmember(s) will be bound by the Citibank Card Terms and Conditions. (9) I have received, read and understood the contents of the CitibankCredit Card Product Disclosure Sheet. Supplementary card Applicant : Date of application (Mandatory) : I hereby declare, acknowledge, agree and confirm as follows: (1) I have been informed that I am required to read and understand the Terms and Conditions set out in the Citibank Ready Credit Customer s Terms and Conditions. (2) I understand that the usage of the CRC Facility is also subject to the respective Terms and Conditions applicable to Citibank Online, Citibank GIRO and Citibank Rewards Program found at your website (www. citibank.com.my) or made available at any Citibank branches nationwide or any other means, as the case may be, and I agree to read, understand and be bound by such Terms and Conditions. By signing below, I confirm that (i) I have read and agree to abide by the provisions contained in Box 16 above and this Box 17. (ii) My minimum income is RM24,000 per annum or more. (iii) I acknowledge that I have received, read and understood the contents of the Citibank Ready Credit Product Disclosure Sheet. (iv) Please note that this signature will be my authorised signature for the opening and operation of my Citibank Ready Credit account. Date of application (Mandatory) : FOR BANK USE ONLY Applicant s name : Applicant s NRIC no : Nature of Business : Salaried Self-Employed Position Held: Source of Funds/Wealth: RM Payroll Biz Income Other: CRC Account no. : Customer no. : Signature updated by : Signature authorised by : per annum (please specify)

4 CITIBANK BERHAD ( M) CITIBANK CREDIT CARD / CITIBANK READY CREDIT APPLICATION FORM Jika anda ingin memasuki kontrak dalam Bahasa Malaysia, sila minta borang tersebut daripada kami. Jika anda menandatangani Borang Pemohonan ini dalam Bahasa Inggeris, anda dianggap telah memilih dan memahami Bahasa Inggeris sebagai bahasa utama untuk kontrak ini. FOR BANK USE ONLY PremierMiles VISA Signature Platinum MasterCard Platinum VISA Cash Back Platinum MasterCard Gold MasterCard Gold VISA Clear MasterCard Clear VISA Choice MasterCard Choice VISA AirAsia Gold MasterCard AirAsia MasterCard AirAsia Platinum VISA AirAsia Gold VISA Giant VISA Shell Gold VISA CitiBusiness Gold VISA Business Platinum VISA Applicant s signature 1 TELL US ABOUT YOURSELF Full name as in NRIC or passport (underline surname) : Mr Mrs Ms Name to appear on card (max. 19 letters) : Date of birth : Nationality : Bumiputra Non-bumiputra New NRIC no. or passport no. : Old NRIC no. : Home tel. no. : Handphone no. : Residential address : State : Postcode : Residence : Owned Parents Employer s Rented Mortgaged Living for : Marital status : Single Married Widowed Divorced Bank name : Type of account : 2 TELL US ABOUT YOUR EMPLOYMENT OR BUSINESS Name of employer : years Citibank Ready Credit (CRC) 4 MAILING PREFERENCE Statement and advice will be sent to your . address : Note: Former/existing customers enrolled for e-statements/e-advice will continue to receive their statements or advice (new and existing) electronically. New to Bank customers with address will be enrolled for e-advice automatically. No, I prefer paper statement (only applicable for New to Bank customers) If you do not wish to receive the e-statement/e-advice, please change it on Citibank Online or call CitiPhone officers at to effect such change after card approval. Statement address and Credit Card delivery address: Residential address Work address 5 CREDIT CARD OVERLIMIT OPTION FLEXIBILITY TO SPEND BEYOND YOUR CREDIT LIMIT You can opt for the flexibility to spend beyond your credit limit to ensure that you do not experience any interruption when using your Citibank credit card(s). If you wish for such flexibility, please indicate below: YES! I want the flexibility to spend beyond my credit limit. Note: 1. A fee of RM25 will be charged when your total outstanding balance exceeds your credit limit. 2. Overlimit transactions are subject to the bank s discretion as we deemfit and approval. 3. Not applicable if your annual income is RM36,000 p.a. or less. 6 SUPPLEMENTARY CREDIT CARD Full name as in NRIC or passport (underline surname) : Name to appear on card (max. 19 letters) : Date of birth : Nationality : New NRIC no. or passport no. : Old NRIC no. : Work tel. no. (general line) : Extension no. : Work address : Home tel. no. : Handphone no. : Residential address : State : Postcode : Nature of business : Position : Date joined / Date business established : Annual salary or income : 3 EMERGENCY CONTACT PERSON Name : Tel no. : Form Filled Up By Staff Applicant State : Postcode : Yes, I wish to assign monthly spend limit of RM Reminder: The total combined spend cannot exceed the principal cardmember's current approved credit line. CitiBusiness VISA Requirement - For employees only: minimum income of RM24,000 per annum and minimum age of 21. FOR BANK USE ONLY PV B01 B06 B25 B33 B35 B55 B44 B88 B99 Incomp IN ID PR IT PP RJ D 1 hour: (please indicate). Agent code Card source code RC source code Loc / Gift code

5 7 DECLARATION OF DEBT OBLIGATIONS WITH NON-BANKS Type of Debt Obligations Amount of each monthly Installment/ Payment (RM) Outstanding Balance (RM) Capacity (Self/Joint/Guarantor) Name of Non-Bank TOTAL Important Note: To better facilitate the processing of your application, we would like to understand you more. Please list down all your monthly loan repayment obligations from Non-banks, inclusive of both secured and unsecured financing. The total amount must include a combination of individual and joint obligations. Under joint capacity, you are required to apportion your monthly commitment by taking the total monthly amount divided by the number of joint debtors involved e.g. RM3,000 per month with 3 joints debtors, hence RM1,000 per debtor. NOTE: Any non-disclosure of complete and accurate information may impact the Bank's decision on your application, including the financing rate and the approval of your application is at the Bank's discretion. 8 PUBLIC FIGURE DECLARATION (FOR PRINCIPAL CARD AND CITIBANK READY CREDIT) (e.g. ministerial/diplomatic positions) 9 PUBLIC FIGURE DECLARATION (FOR SUPPLEMENTARY CARD) (e.g. ministerial/diplomatic positions) Yes, I/my immediate family members currently hold/seeking have held Senior public office : Position held : Yes, I/my immediate family members currently hold/seeking have held Senior public office : Position held : 10 I hereby declare, acknowledge, agree and confirm as follows: (1) I am an existing principal credit cardmember of a valid Citibank credit card(s) and I wish to request for Credit Card Line Transfer to accommodate my application for CRC Facility, only if deemed necessary based on your credit evaluation of my CRC Facility application. (2) By signing below, I agree and consent to your reducing and transferring the unutilised portion of the total credit limit of my Citibank credit card(s) (which must not be less than RM3,000, but up to the maximum amount assigned in the box below) to accommodate my application for CRC Facility, if applicable, subject always to credit evaluation and your discretion as Citibank deem fit ( Transfer Amount ). (3) I acknowledge that transactions on my Citibank credit cards (including Supplementary card(s)) may affect my application for CRC Facility, the Transfer Amount and/or future transactions on my credit cards due to utilisation on the Transfer Amount and I will not hold you liable if the transactions on my Citibank credit card(s) are declined (including auto-billing services) or if my credit card(s) goes over limit when the Credit Card Line Transfer has been effected. (4) I also acknowledge that once the Transfer Amount is effected via Credit Card Line Transfer on my principal Credit Card(s), the credit limit of Supplementary Card(s) may have to be reduced and it is my sole responsibility to assign a fresh credit limit for my Supplementary Cardmember(s) (if applicable) and to inform my Supplementary Cardmember(s) accordingly. RM OPTIONAL CREDIT CARD LINE TRANSFER TO CITIBANK READY CREDIT (CRC Facility) for Existing Principal Citibank Credit Cardmembers Date of application (Mandatory) : OPTIONAL CARD PRODUCTS 11 CREDIT CARD BALANCE TRANSFER VIA INSTALMENT PLAN (BTI) YES! I wish to apply for Citibank s Balance Transfer via Instalment Plan (BTI) as per details provided below. Bank Card/Account No. Amount (RM) (Min. RM1,000) Tenure * (6, 9, 12, 18, 24, 30 or 36 months) Important Note: The amount transferred will be subject to Effective Interest Rate (E.I.R) of 9.9% per annum from the date of approval and will be computed based on a monthly reducing balance repayment method. Applicant may apply to transfer outstanding balances from not more than 3 credit card/charge card accounts held in other Banks. By signing below, I hereby agree to abide by the terms and conditions governing BTI, the full set of which is available on Principal Card applicant s signature : For bank s use only BTI Code For Introducer, please fill the following: Citibank credit card no.: Introducer s Name: Home tel. no.: Handphone no.: Office no.:

6 12 CREDIT CARD YOUR OPTIONAL CREDIT SHIELD PREMIER YES! I wish to protect my Citibank Credit Card Outstanding Balance with Credit Shield Premier. I declare that I am under 60 years of age and in good health and have not been suffering from any heart disease, high blood pressure, stroke, hepatitis, kidney disease, diabetes, cancer or any other serious illness or physical disability. I acknowledge and confirm that I have fully understood the essential information on the major benefits and exclusions of Credit Shield Premier, which have been summarized but are not exhaustive in the Citibank Credit Card Product Disclosure Sheet and/or any Credit Shield Premier Product Disclosure Sheet presented to me. A Certificate of Insurance with terms and conditions, a welcome letter and nomination form will be sent to me upon my enrolment. I understood that I will be entitled to 30 days free cover and that if I am not satisfied with the policy, I can cancel the insurance from its inception by giving written notice to Citibank Bhd within 15 days from the delivery date of the Certificate of Insurance. Principal Card applicant s signature : Important Notes: 1. Pursuant to Section 149(4) of the Insurance Act 1996, you are to disclose in this application form fully and faithfully all facts which you know or ought to know. Otherwise the Certificate of Insurance issued under the policy may be null and void. This insurance plan is limited to principal cardmembers below the age of 60 years. 2. This application form for Credit Shield Premier should be read in conjunction with Credit Shield Premier marketing materials. 3. Credit Shield Premier is underwritten by ING Insurance Berhad (17007-P) (a) This application form is not to be construed as a contract of insurance. The precise terms, conditions and definitions of this plan are specified in the policy contract issued by ING Insurance Berhad. (b) These insurance products are obligation only of the insurance company. They are not bank deposits or obligations of or guaranteed by Citibank Berhad, Citibank N.A., Citigroup Inc. or any of their affiliates or subsidiaries. (c) This document does not constitute the making of any offer or invitation to subscribe for insurance products nor does it amount to solicitation by Citibank Berhad, Citibank N.A., Citigroup Inc. or any of their affiliates or subsidiaries for subscription of insurance products by anyone in any jurisdictions in which the making of such offer or invitation to subscribe or the solicitation thereof is not authorised or to any person to whom it is unlawful to make such offer invitation or solicitation. (d) This document also does not constitute the distribution of any information by any one in any jurisdiction in which such distribution is not authorised or to any person to whom it is unlawful to distribute such a document. For bank s use only : CSP source code _ 8 A

7 13 CITIBANK READY CREDIT PAYLITE YES! I wish to apply for Citibank Ready Credit PayLite (RC PayLite) as per details provided below. Bank Current/Savings Account No. Amount (RM) (Min. RM1,000) Tenure (6, 12, 18, 24, 30, 36 or 48 months) Important Note: For fresh applicants, you may only apply for RC PayLite or RC BTI and not both. The PayLite Amount disbursed will be subject to Effective Interest Rate (E.I.R.) ranging between 5.9% to 17.9% per annum from the date of approval and will be computed based on a monthly reducing balance repayment method. The PayLite amount will only be transferred to your Current or Savings account maintained in your sole name. Transfers to joint accounts or third party accounts are not allowed. Approval of the RC PayLite application is subject to Citibank s discretion as we deem fit. By signing below, I hereby agree to abide by the terms and conditions governing RC PayLite, the full set of which is available at For bank use only RC PayLite Code 14 CITIBANK READY CREDIT BALANCE TRANSFER VIA INSTALMENT PLAN YES! I wish to apply for Citibank Ready Credit Balance Transfer via Instalment Plan (RC BTI) as per details provided below. Bank Credit/Charge Card Account No. Amount (RM) (Min. RM1,000) Tenure (6, 12, 18, 24, 30, 36 or 48 months) Important Note: For fresh applicants, you may only apply for RC PayLite or RC BTI and not both. The RC BTI Amount transferred will be subject to Effective Interest Rate (E.I.R.) ranging between 5.9% to 9.9% per annum from the date of approval and will be computed based on a monthly reducing balance repayment method. Applicant may apply to transfer outstanding balances from not more than 3 credit card/charge card accounts held in other banks. Approval of the RC BTI application is subject to Citibank s discretion as we deem fit. By signing below, I hereby agree to abide by the terms and conditions governing RC BTI, the full set of which is available at For bank use only RC BTI Code

8 CITIBANK READY CREDIT PAYLITE TERMS AND CONDITIONS This is a summary of the salient terms and conditions of the Citibank Ready Credit PayLite, or referred to as PayLite. The full set of terms and conditions is available at 1. The PayLite amount is subject to an effective interest rate as Citibank may determine, which will be computed based on a monthly reducing balance repayment method. 2. The PayLite tenure comprises of 12, 24, 36 or 48 months or any other period as Citibank may offer or approve. You are not at liberty to change the tenure or the monthly instalment amount without Citibank s consent. 3. If your application is approved, the PayLite will take effect within 14 days from Citibank s receipt of required and relevant documents from you. However, Citibank may delay or refuse such approval without furnishing any reasons. 4. Citibank reserves its discretion as we deem fit to vary the interest rates from time to time. For the avoidance of doubt, if there are any changes to the interest rates after the approval of your PayLite, you will be charged with the chargeable interest rate lockedin as at the date of approval. 5. Citibank reserves its discretion as we deem fit to determine the maximum PayLite Amount approved from the available credit limit in your CRC Account, and the remaining available credit can be used for retail purchases, cash withdrawals, transfers, cheque issuance and any other services which Citibank may introduce. 6. Interest chargeable will be computed from the date of approval of your PayLite to the date of the next statement of account and subsequently from one statement to the next. Each PayLite monthly instalment will be billed to your CRC Account and will be reflected in your monthly statement until the PayLite amount has been fully repaid. 7. Subject to Citibank s approval, you may opt for early settlement of your PayLite amount. 8. Your delay or failure to pay any monthly instalments in full by payment due date as in your monthly statement will be deemed as a default and the monthly instalment or part of it which is outstanding will incur finance charges. In the event there are three (3) or more consecutive defaults, all monies due and owing under the PayLite, comprising of the total outstanding monthly instalments due and the total unbilled principal together with finance charges will be included in the outstanding balance of your CRC Account. In such an event, Citibank is entitled to declare all or part of the outstanding balance in your CRC Account to be immediately due and payable by you. 9. You will not earn Reward Points and/or cash rebates on your PayLite. 10. Final approval pertaining to your application for PayLite is subject to the discretion as Citibank deem fit. CITIBANK READY CREDIT BALANCE TRANSFER VIA INSTALMENT PLAN TERMS AND CONDITIONS This is a summary of the salient terms and conditions of the Citibank Ready Credit Balance Transfer via Instalment Plan or referred to as BTI. The full set of terms and conditions is available at 1. The transferred amount debited to your Citibank Ready Credit Account is subject to an effective interest rate as Citibank may determine, which will be computed based on a monthly reducing balance repayment method. 2. The BTI comprises of 12, 24, 36 or 48 months or any other period as Citibank may offer or approve. You are not at liberty to change the tenure or monthly instalment amount without Citibank s consent. 3. If your application is approved, the BTI will take effect within 14 days from Citibank s receipt of required and relevant documents from you. However, Citibank may delay or refuse such approval without furnishing any reasons. 4. Citibank reserves its discretion as we deem fit to vary the interest rates from time to time. For the avoidance of doubt, if there are any changes to the interest rates after the approval of your BTI, you will be charged with the chargeable interest rate locked-in as at the date of approval. 5. Citibank reserves its discretion as we deem fit to determine the maximum amount transferred to your CRC Account for BTI, and the remaining available credit can be used for retail purchases, cash withdrawals, transfers, cheque issuance and any other services which Citibank may introduce. 6. Citibank will not be liable for any finance charges incurred by you from other banks caused by any delay or failure by Citibank in paying your outstanding balance due and owing to them. 7. Interest chargeable will be computed from the date of approval of your BTI to the date of the next statement of account and subsequently from one statement to the next. Each BTI monthly instalment will be billed to your CRC Account and will be reflected in your monthly statement until the amount transferred has been fully repaid. 8. Subject to Citibank s approval, you may cancel the BTI and elect for early settlement of the BTI. If such cancellation or early termination is made before reaching half of the BTI tenure, you must pay RM100 as early settlement fee. The early settlement fee will be charged on each BTI booked and subsequently terminated before reaching half of the BTI tenure. 9. Your delay or failure to pay any monthly instalments in full by payment due date as stated in your monthly statement will be deemed as a default and the monthly instalment or part of it which is outstanding will incur finance charges. In the event there are three (3) or more consecutive defaults, all monies due and owing under the BTI, comprising of the total outstanding monthly instalments due and the total unbilled principal together with finance charges will be included in the outstanding balance of your CRC Account. In such an event, Citibank is entitled to declare all or part of the outstanding balance in your CRC Account to be immediately due and payable by you. 10. You will not earn Reward Points and/or cash rebates on your BTI. 11. Final approval pertaining to your application for BTI is subject to the discretion as Citibank deem fit.