Financial Services
Partial Payment Transfer Agreement is?
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Unexpected and huge financial needs
Marriage, congratulatory or consolatory occasions, university admission fee purchasing home appliances and etc.
Sensibly plan your spending ahead!! -
Frequent business trips or travels
“goodness! I’ve missed the due date again”
You don’t need to contact us for Citi Partial Payment Transfer Agreement -
Unstable source of income
No bonus for this month! I could cover the shortage next month
Manage your balance flexibly! -
Lack of payment amount due
My credit would fall when I can’t pay the amount by due date…
Experience Citi Partial Payment Transfer Agreement to protect your credit standing!
Partial Payment Transfer Agreement option
- Partial Payment Transfer Agreement of Citi Revolving Card is a payment option available year-round through card expiry.
- You may select among minimum payment, flexible payment(10%~90%, up by 10%) and full payment(100%).
Comparison of Citi Partial Payment Transfer Agreement card and general credit card
| Card Type | Citi Revolving Card | General Credit Card |
|---|---|---|
| Payment | Pay off minimum payment amount or more on due date | Pay off total due amount on due date |
| Delinquency | When minimum payment amount is not paid | When total due amount is not paid |
| Daily Sweeping | When the paid amount is smaller than the minimum payment amount | When the paid amount is smaller than the total due amount |
If the amount paid off on the due date is not the total due amount and is above the minimum payment amount, the payment type changes to Partial Payment Transfer Agreement and revolving interest will be charged to the Partial Payment Transfer Agreement balance. Go
Partial Payment Transfer Agreement amount
- Partial Payment Transfer Agreement amount = Due Partial Payment Transfer Agreement amount + Partial Payment Transfer Agreement interest + Partial Payment Transfer Agreement non-eligible amount
- Minimum payment(*) = (Greater amount between minimum due Partial Payment Transfer Agreement amount and 50,000(KRW))+ Partial Payment Transfer Agreement interest + Partial Payment Transfer Agreement non-eligible amount
- Agreed(Minimum) due amount = (Partial Payment Transfer Agreement balance carried from previous month + Partial Payment Transfer Agreement amount of the current month) x Agreed(Minimum) payment ratio
- Partial Payment Transfer Agreement interest = Partial Payment Transfer Agreement balance carried from previous month x Partial Payment Transfer Agreement interest rate x No. of days past 365(or 366 for leap years)
- (*) Minimum payment amount is calculated assuming estimated payment date at the time of billing, thus amount remains unchanged even if pre-payment is made after billing.
- (**) No.of days past due: Number of days between due payment date+1 of the previous month and the due payment date of the current month
Partial Payment Transfer Agreement: Billing & Payment
- Once minimum amount is paid, the payment will be deemed as normal payment regardless of the payment option selected. In this case, remaining due balance will be automatically carried forward to Partial Payment Transfer Agreement balance, thus will not be withdrawn additionally even if fund is deposited afterwards. (To make an additional payment, please contact the bank.)
- If a full payment(100%) customer revolves, it will be notified via mobile phone number registered on the bank system on the due payment date(D) or on D+1 or D+2 according to settlement bank.
- Regardless of the payment option selected, if less than minimum amount is paid, automatic swiping will take place every business day or by every other business day according to settlement bank until minimum amount is paid.
- If cancelling a paid transaction, the cancelled amount will be deducted from Partial Payment Transfer Agreement balance provided that there is a Partial Payment Transfer Agreement balance.
- Individual cardholder terms and conditions: See “Chapter 6. Partial Payment Transfer Agreement (Revolving) Go
- See “Product Memorandum on Partial Payment Transfer Agreement (Revolving) Go