Balance Transfer. Variable interest at 7.2% per annum. Interest – The EMI conversion facility, Citi PayLite/Citi FlexiBill, isn’t free. The Citi PayLite Installment Plan is a Card facility that allows you to pay for select goods and services from accredited Citi PayLite merchants in the Philippines, together with the applicable interest and other fees, on installment basis (“Installment Transaction”). Eligible “FlexiBill” and “PayLite” Installment Loan only includes the first 8,000 “PayLite” Installment Loan in relation to any individual transaction made by Citibank banking account/ATM/Debit Card and “FlexiBill” and “PayLite” Installment Loan in relation to the Credit Card current statement balance or a … (Merchant EMI). Drawbacks of Citi Credit Card EMI Conversion. Your credit limit is subject to be reduced based on the Citi PayLite amount that has been approved. 5. It can be conveniently availed in just a few clicks, via Citi Mobile App/ Citibank Online. (post-purchase) or 14% p.a. The Citi credit card EMI interest rate is 24% p.a. So I was wondering, is paylite's interest rate higher than the normal CC interest? Any eligible purchase greater than ₹ 2500 can be converted into flexible EMIs before the payment due date. WITH CITI PAYLITE. Citi PayLite is a service that enables you to convert unbilled retail transactions at a specified interest rate. Subject to Citibank's approval, you may at anytime cancel your Citi PayLite plan or opt for early settlement of the PayLite amount. Citibank PayLite Installment purchases are subject to approval based on the available credit limits at the time of purchase. The Program is governed by these Terms, Application Terms, and the Account Terms. If there is any conflict or inconsistency between the through Citibank PayLite enable the system to calculate interest and stated on the sales slip automatically. Click here to avail now. You agree that your participation in the Citibank Ready Credit PayLite program (the “Program”) will be governed by these terms and conditions Citi PayLite is a facility offered to Citi Credit Cardholders to convert their purchases into easy monthly installments. Such cancellation or early termination requires an early termination penalty of 5% on the remaining outstanding principal under the Citi PayLite instalment plan. The incurred interest may drain the customer’s savings. ... Interest-based Program: refer to a Program with monthly interest charged. However, the Citibank PayLite interest is subjected to change from time to time which depend on notifications and regulations set by the bank at a certain period. Plus, there is no NO ANNUAL FEE for life! Processing fee and Interest will be applied to the amount. Consolidate any of your outstanding credit card debt with a great balance transfer plans that offers you low interest rates. 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