How much is Citibank credit card’s Late Charge?



Citibank recently charged me P500.00 for not paying my “Minimum Amount Due” on time. Can’t blame them, it was really my fault since I forgot to make the payment this month. I don’t want to pay this Late Charge in the future so I did further research to understand the fees and penalties charged by my Citibank credit card. Here’s what I learned.

About Citibank’s Monthly Late Charge

We know that we have to be ready to pay a lot of fees when using a credit card. One of these fees, apparently, is the “Late Charge.”

Credit cardholders receive a monthly billing statement and included there are information about the “Minimum Amount Due” and the “Due Date”, among others. For Citibank credit cards in the Philippines, if you don’t pay the “Minimum Amount Due” on or before the stated due date, that’s when you will be charged the Late Charge.

Citibank’s Monthly Late Charge is P850.00 or the unpaid Minimum Amount Due, whichever is lower.

So if you don’t want to be penalized with the Late Charge, there are two things you need to check in your billing statement:

  1. Minimum Amount Due; and
  2. Payment Due Date

You can easily find these two information at the bottom of your monthly statement or upon logging in to Citibank Online (see screenshot).

In my case, since I wasn’t able to pay the “Minimum Amount Due” of P500.00 on or before the “Due Date” which was June 18 above, I had to pay either “P850.00 or the Minimum Amount Due, whichever is lower.”

Since my Minimum Amount Due (from the billing statement) was P500.00 and was lower than the fixed P850.00 charge, P500.00 was the amount charged to me by Citibank as Late Charge.

When “Late Charge” is Incurred

What to do so as not to incur the Late Charge? Simple, just pay at least the Minimum Amount Due on or before the payment due date!

Here’s a handy guide from Citibank showing when credit card users incur the Late Charge. Now we know!

RANKSCHOOLPASSING RATENUMBER OF PASSERSTOTAL NUMBER OF TAKERS
1University of the Philippines Manila, Manila100%9595
1Angeles University Foundation, Angeles City100%9090
1Cebu Normal University, Cebu City100%7575
1Silliman University, Dumaguete City100%7373
1Remedios T. Romualdez Medical Foundation, Tacloban100%7272
1Trinity University of Asia, Quezon City100%6363
1Chinese General Hospital Colleges, Manila100%5454
1Sacred Heart College, Lucena City100%2626
1New Era University, Quezon City100%2424
1Southville International School and Colleges, Las Pinas100%2424
1Andres Bonifacio College, Dipolog City100%2121
1Cagayan de Oro College-PHINMA Education Network, Cagayan de Oro100%2121
1The College of Maasin, Maasin City100%1919
1Baliuag University, Baliuag100%1818
1San Lorenzo Ruiz College of Ormoc, Ormoc City100%1818
1Central Mindanao University, Maramag100%1717
1First Asia Institute of Technology and Humanities, Tanauan City100%1414
1University of Saint Louis, Tuguegarao City100%1111
2Velez College, Cebu City98%9293
2Southern Luzon State University, Lucban98%8889
2University of the East Ramon Magsaysay, Quezon City98%8788
2University of St. La Salle, Bacolod City98%6465
2Saint Mary's University, Bayombong98%6061
2Father Saturnino Urios University, Butuan City98%6061
2Saint Paul University Iloilo, Iloilo City98%5859
2Medical Colleges of Northern Philippines, Tuguegarao City98%5556
2St. Paul University Dumaguete, Dumaguete City98%5455
2Cebu City Medical Center - College of Nursing, Cebu City98%5051
3De La Salle Health Sciences Institute, Dasmarinas City97%9193
3St. Paul University Philippines, Tuguegarao City97%4445
3Aklan State University, Banga97%3334
4University of the Philippines School of Health & Sciences, Leyte Palo96%7982
4Pamantasan ng Lungsod ng Maynila, Manila96%5355
4Colegio de Sta. Lourdes of Leyte Foundation, Tabontabon96%2728
4La Salle University Ozamiz, Ozamiz City96%2627
5Cavite State University - Indang Campus, Indang95%4446
5Ateneo de Davao University, Davao City95%4042
5St. Scholastica's College, Tacloban Tacloban95%2324
5Saint Paul University Surigao, Surigao City95%2122
5St. Paul University Manila, Manila95%2021
5Eastern Samar State University, Borongan City95%2021
6Far Eastern University, Manila94%9398
6Emilio Aguinaldo College in Manila, Manila94%6367
6Liceo de Cagayan University, Cagayan de Oro94%5053
6San Juan De Dios Educational Foundation, Pasay94%1617
7University of Pangasinan PHINMA Education Network, Dagupan City93%7580
7Universidad de Sta. Isabel, Naga City93%7479
7University of Perpetual Help System DALTA in Las Pinas, Las Pinas93%2931
7Mountain View College, Valencia City93%2830
7Pangasinan State University in Bayambang, Bayambang93%2729
8Centro Escolar University, Manila92%5054
8Foundation University, Dumaguete City92%3740
8Adventist Medical Center College, Iligan City92%2628
8Mater Dei College, Tubigon92%1314
9Manila Tytana Colleges, Pasay91%6672
9Pamantasan ng Lungsod ng Pasig, Pasig City91%4549
9Cebu Institute of Technology University, Cebu City91%3235
9Visayas State University, Baybay City91%2123
10Palawan State University, Puerto Princesa City90%2932
10Aklan Polytechnic Institute, Kalibo90%2022
10San Beda College, Manila90%2022
10Negros Oriental State University, Dumaguete City90%2022
10Sts. John And Paul Colleges, Calamba City90%1011
10Cor Jesu College, Digos City90%910
11Catanduanes State University - Virac, Virac89%6775
11Bukidnon State University, Malaybalay City89%5359
11Far Eastern University Nicanor Reyes Medical Foundation, Quezon City89%5157
11Butuan Doctors College, Butuan City89%3337
11Laguna State Polytechnic University, Santa Cruz89%2528
11Manila Adventist College, Pasay89%1719
12Colegio San Agustin Bacolod, Bacolod City88%5967
12De La Salle Lipa, Lipa City88%3944
12Tarlac State University, Tarlac City88%3034
12Notre Dame of Marbel University, Koronadal City88%1517
13University of Mindanao, Davao City87%3439
13National University, Manila87%2731
13Notre Dame of Dadiangas University, General Santos City87%2124
13Asian Development Foundation College, Tacloban87%1416
13Capitol Medical Center Colleges, Quezon City87%1416
14Universidad de Zamboanga, Zamboanga City86%7789
14Makati Medical Center College, Makati86%6069
14Pamantasan ng Lungsod ng Marikina, Marikina City86%3945
14Emilio Aguinaldo College in Cavite, Dasmarinas City86%3237
14University of Cebu - LapuLapu and Mandaue Campus, Mandaue City86%3136
14Saint Jude College, Manila86%2529
14University of the Assumption, San Fernando City86%2529
14Adamson University, Manila86%2023

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