Citi expands credit card payment services
Clients of Citi Philippines will now be able to use their credit cards to settle big payments that were previously paid for only via check or cash.
Dubbed Citi PayAll, the bank’s credit cardholders now have the means to pay for rent, school fees, condominium dues, insurance policies and professional fees using their credit card via the Citi Mobile App.
Citi PayAll also allows clients to use their credit cards to make these payments directly to any local bank — a first in the digital finance landscape in the Philippines.
“Citi introduced this new service to complement the ever-evolving lifestyle of our credit cardholders,” Citi Philippines consumer banking head Manoj Varma said.
“We are continually developing new products and services based on our clients’ needs and wants. And what they want is convenience and speed in their banking transactions,” Varma said.
“Citi PayAll is an innovation that is in line with our goal of providing remarkable client experiences day after day.”
Under this scheme, customers have a maximum limit of P200,000 per transaction and will incur a per transaction fee of up to 3 percent. Citi credit cardholders can make up to six transactions a month with up to P1,000,000 aggregate amount.
They can also settle payments with the same payee twice in a month.
Citi Philippines cards and loans director Mukul Sukhani added: “Imagine not having to fall in line to make payments or encash checks.”
“With Citi PayAll, customers can use their credit cards to make big payments to local bank accounts by simply using their mobile phones. With the opportunity to earn rewards points, they also get more value on their regular spending. Citi PayAll is a game changer that can improve customers’ quality of life while also providing them with great rewards,” Sukhani said.
The bank said that users can turn their payments into rewards points. If a Citi PremierMiles credit cardholder uses Citi PayAll to pay for their rent and their child’s education expenses amounting to P60,000 per month, they will receive approximately 24,000 “never-expiring” miles, enough points for an upgrade on their next flight or a roundtrip ticket from the Philippines to Singapore.