Citi Credit Card EMI

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About Citi Credit Card EMI

Citi credit cards offer many benefits, and one of the most popular ones is that it allows you to convert  big purchases into easy and pocket-friendly EMIs. Citibank offers you the ease of accessing Citi credit card EMI facility not for one or two but for up to 10 eligible purchases. You can easily convert any expenses above ₹2,500 in the Citi credit card bill, before the due date, into flexible monthly instalments.

 

Under the Citi credit card EMI program, there are two types of EM conversions:

 

  1. Citi FlexiBill allows your unbilled retail transactions to be converted into EMIs. 

  2. Citi PayLite allows your statement retail balances to be converted into EMIs. 

Key Highlights of Citi Credit Card EMI Programme

  • You can convert your last statement balance - minus the minimum due amount of the last statement balance - into EMIs.

  • You can easily get this scheme through CitiBank Online Banking.

  • ₹300 (For Citi FlexiBill) or ₹200 (For Citi PayLite) or 2.5% of the loan amount whichever is higher is levied as a one-time fee.

  • You can opt for No Cost EMI.

  • The loan can be pre-closed at any time.

How to Convert a Citi Credit Card Bill to EMI

You can convert Citi credit card bills to EMI using any of the three methods:

  1. Citi Net Banking Service

  2. Citi Mobile App

  3. Citi Credit Card Customer Care

1) Citi Net Banking Service

Once you have checked the EMI amount you will be charged on your Citi credit card bill, you can proceed to make use of the service by following the below-mentioned step:

 

  • Step 1: Visit the Citi Online Banking portal. 

  • Step 2: Login using your credentials. 

  • Step 3: View your expenses and check which transactions are eligible for EMI conversion. 

  • Step 4: Choose the EMI tenure.

  • Step 5: Click on ‘Submit’.

 

The EMI conversion of your Citi card bill will be complete.

2) Citi Mobile App

You can convert your Citi card bill to EMI using the Citi Mobile App by following the steps mentioned below:

 

  • Step 1: Download the Citi Mobile App from Google Play or App Store and login.

  • Step 2: Choose the ‘Convert credit card transactions into EMI’ option and check for transactions that are eligible for EMI conversion on a Citi credit card bill.

  • Step 3: Select the purchase amount you wish to convert into EMI.

  • Step 4: Choose the EMI tenure.

  • Step 5: Click on ‘Submit’.

The EMI conversion of your Citi card bill will be easily completed. 

3) CitiPhone

You can also call the Citi credit card customer care helpline on 1860-210-2484 (for callers from across India) or +91 22 4955 2484 (for callers from outside India) from your registered mobile number, any day and at any time, and request an  EMI conversion on your Citi card bill. A CitiBank representative will guide you through the process.

Key Aspects Regarding the Citi EMI Program

1. Citi FlexiBill

Here is everything you need to know about converting the outstanding credit on your Citi credit card bill into EMI using Citi FlexiBill.

 

  • You can convert a portion of your billed Citi credit card retail balance into lighter instalments with Citi FlexiBill.

  • A minimum amount of ₹2,500 worth of purchases is required for EMI conversion on Citi card bill.

  • The  EMI interest rate on your  Citi credit card is communicated to you by the bank when you opt for the service.

  • Flexible tenures of 6, 12, 24, 36 or 48 months are available.

  • There is no lock-in period, and the loan can be pre-closed at any time by calling the 24-hour CitiPhone helpline.

  • All Citi credit card holders are eligible for this facility.

  • No paperwork is required for the process.

  • 2.5% of the amount converted or ₹300, whichever is higher is levied as a transaction fee.

  • Goods and Services Tax (GST) will be charged as notified by the Government of India.

  • 3% on unpaid principal with relevant taxes will be levied as pre-closure charges.

2. Citi PayLite

Here is everything you need to know about converting the purchases on your credit card to EMI using Citi PayLite.

 

  • A minimum amount of ₹2,500 worth purchases is required for EMI conversion on a Citi card bill.

  • Convert up to 10 eligible transactions into easy EMIs on your Citibank credit card.

  • You can use the PayLite instalment for the purchase of luxury goods, home appliances and tech gadgets in EMI. 

  • The EMI interest rate on your  Citi credit card is communicated to you by the bank when you opt for the service.

  • Flexible tenures of 6, 12, 24, 36 or 48 months are available.

  • There is no lock-in period, and the loan can be pre-closed at any time by calling the 24-hour CitiPhone helpline.

  • All Citi credit card holders are eligible for this facility.

  • No paperwork is required for the process.

  • 2.5% of the amount converted or ₹200, whichever is higher is levied as a transaction fee.

  • Goods and Services Tax- GST will be charged as notified by the Government of India.

  • 3% on unpaid principal with relevant taxes will be charged as pre-closure charges.

Benefits of Paying Your Citi Credit Card Bill Using EMI

The benefits of the Citi credit card EMI facility are listed here:

 

  1. EMI lets you buy products that cannot be covered by your bank balance without having to think too much.

  2. The EMI conversion option will reduce the financial strain if you are a person with a fixed monthly income and helps avoid the bill’s full impact at that moment.

  3. If you have overspent on your Citi credit card which has left you in debt with high-interest rates, opting for EMI on your card balance can lower the rate of interest.

  4. You can get No-Cost EMIs which don’t charge interest or processing fees, and avoid suffering other drawbacks.

  5. The EMI option will help you from defaulting by keeping the payments manageable and preventing your CIBIL score from going down.

  6. There is no need to submit a separate application or produce a new set of documents.

FAQs about Citi Credit Card Bill to EMI

  • ✔️What is the interest rate for credit card EMI?

    The EMI interest rate on your Citi credit card is communicated to you by the bank when you opt the service.

  • ✔️How do I pay my Citi credit card EMI?

    You can pay your Citi credit card bill EMI using Citi Net Banking Service or through Citi mobile app.

  • ✔️What is Citi PayLite?

    Citi PayLite is a special program that allows you to convert your purchases or credit card bill that is above ₹ 2,500 into easy monthly instalments.

  • ✔️Can we convert the Citi credit card to EMI?

    Yes, you can convert your Citi credit card bill to EMI as long as the transaction amount is ₹2500 or above.

  • ✔️How does EMI work on Citi Credit Cards?

    EMI lets you buy products that cannot be covered by your bank balance and lets you pay back the money in equated monthly instalments over a tenure. It also helps you reduce the interest rate in case you have overspent on your credit card.

  • ✔️How can I check my Citi credit card EMI?

    To check the EMI, you can use the Citi card EMI calculator. You simply need to put in the amount you wish to convert and select an appropriate repayment plan. The calculator will give a fair estimate of the EMI that you would have to pay for your selected tenure.