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:
- Minimum Amount Due; and
- 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!
| RANK | SCHOOL | PASSING RATE | NUMBER OF PASSERS | TOTAL NUMBER OF TAKERS |
|---|---|---|---|---|
| 1 | University of the Philippines Manila, Manila | 100% | 95 | 95 |
| 1 | Angeles University Foundation, Angeles City | 100% | 90 | 90 |
| 1 | Cebu Normal University, Cebu City | 100% | 75 | 75 |
| 1 | Silliman University, Dumaguete City | 100% | 73 | 73 |
| 1 | Remedios T. Romualdez Medical Foundation, Tacloban | 100% | 72 | 72 |
| 1 | Trinity University of Asia, Quezon City | 100% | 63 | 63 |
| 1 | Chinese General Hospital Colleges, Manila | 100% | 54 | 54 |
| 1 | Sacred Heart College, Lucena City | 100% | 26 | 26 |
| 1 | New Era University, Quezon City | 100% | 24 | 24 |
| 1 | Southville International School and Colleges, Las Pinas | 100% | 24 | 24 |
| 1 | Andres Bonifacio College, Dipolog City | 100% | 21 | 21 |
| 1 | Cagayan de Oro College-PHINMA Education Network, Cagayan de Oro | 100% | 21 | 21 |
| 1 | The College of Maasin, Maasin City | 100% | 19 | 19 |
| 1 | Baliuag University, Baliuag | 100% | 18 | 18 |
| 1 | San Lorenzo Ruiz College of Ormoc, Ormoc City | 100% | 18 | 18 |
| 1 | Central Mindanao University, Maramag | 100% | 17 | 17 |
| 1 | First Asia Institute of Technology and Humanities, Tanauan City | 100% | 14 | 14 |
| 1 | University of Saint Louis, Tuguegarao City | 100% | 11 | 11 |
| 2 | Velez College, Cebu City | 98% | 92 | 93 |
| 2 | Southern Luzon State University, Lucban | 98% | 88 | 89 |
| 2 | University of the East Ramon Magsaysay, Quezon City | 98% | 87 | 88 |
| 2 | University of St. La Salle, Bacolod City | 98% | 64 | 65 |
| 2 | Saint Mary's University, Bayombong | 98% | 60 | 61 |
| 2 | Father Saturnino Urios University, Butuan City | 98% | 60 | 61 |
| 2 | Saint Paul University Iloilo, Iloilo City | 98% | 58 | 59 |
| 2 | Medical Colleges of Northern Philippines, Tuguegarao City | 98% | 55 | 56 |
| 2 | St. Paul University Dumaguete, Dumaguete City | 98% | 54 | 55 |
| 2 | Cebu City Medical Center - College of Nursing, Cebu City | 98% | 50 | 51 |
| 3 | De La Salle Health Sciences Institute, Dasmarinas City | 97% | 91 | 93 |
| 3 | St. Paul University Philippines, Tuguegarao City | 97% | 44 | 45 |
| 3 | Aklan State University, Banga | 97% | 33 | 34 |
| 4 | University of the Philippines School of Health & Sciences, Leyte Palo | 96% | 79 | 82 |
| 4 | Pamantasan ng Lungsod ng Maynila, Manila | 96% | 53 | 55 |
| 4 | Colegio de Sta. Lourdes of Leyte Foundation, Tabontabon | 96% | 27 | 28 |
| 4 | La Salle University Ozamiz, Ozamiz City | 96% | 26 | 27 |
| 5 | Cavite State University - Indang Campus, Indang | 95% | 44 | 46 |
| 5 | Ateneo de Davao University, Davao City | 95% | 40 | 42 |
| 5 | St. Scholastica's College, Tacloban Tacloban | 95% | 23 | 24 |
| 5 | Saint Paul University Surigao, Surigao City | 95% | 21 | 22 |
| 5 | St. Paul University Manila, Manila | 95% | 20 | 21 |
| 5 | Eastern Samar State University, Borongan City | 95% | 20 | 21 |
| 6 | Far Eastern University, Manila | 94% | 93 | 98 |
| 6 | Emilio Aguinaldo College in Manila, Manila | 94% | 63 | 67 |
| 6 | Liceo de Cagayan University, Cagayan de Oro | 94% | 50 | 53 |
| 6 | San Juan De Dios Educational Foundation, Pasay | 94% | 16 | 17 |
| 7 | University of Pangasinan PHINMA Education Network, Dagupan City | 93% | 75 | 80 |
| 7 | Universidad de Sta. Isabel, Naga City | 93% | 74 | 79 |
| 7 | University of Perpetual Help System DALTA in Las Pinas, Las Pinas | 93% | 29 | 31 |
| 7 | Mountain View College, Valencia City | 93% | 28 | 30 |
| 7 | Pangasinan State University in Bayambang, Bayambang | 93% | 27 | 29 |
| 8 | Centro Escolar University, Manila | 92% | 50 | 54 |
| 8 | Foundation University, Dumaguete City | 92% | 37 | 40 |
| 8 | Adventist Medical Center College, Iligan City | 92% | 26 | 28 |
| 8 | Mater Dei College, Tubigon | 92% | 13 | 14 |
| 9 | Manila Tytana Colleges, Pasay | 91% | 66 | 72 |
| 9 | Pamantasan ng Lungsod ng Pasig, Pasig City | 91% | 45 | 49 |
| 9 | Cebu Institute of Technology University, Cebu City | 91% | 32 | 35 |
| 9 | Visayas State University, Baybay City | 91% | 21 | 23 |
| 10 | Palawan State University, Puerto Princesa City | 90% | 29 | 32 |
| 10 | Aklan Polytechnic Institute, Kalibo | 90% | 20 | 22 |
| 10 | San Beda College, Manila | 90% | 20 | 22 |
| 10 | Negros Oriental State University, Dumaguete City | 90% | 20 | 22 |
| 10 | Sts. John And Paul Colleges, Calamba City | 90% | 10 | 11 |
| 10 | Cor Jesu College, Digos City | 90% | 9 | 10 |
| 11 | Catanduanes State University - Virac, Virac | 89% | 67 | 75 |
| 11 | Bukidnon State University, Malaybalay City | 89% | 53 | 59 |
| 11 | Far Eastern University Nicanor Reyes Medical Foundation, Quezon City | 89% | 51 | 57 |
| 11 | Butuan Doctors College, Butuan City | 89% | 33 | 37 |
| 11 | Laguna State Polytechnic University, Santa Cruz | 89% | 25 | 28 |
| 11 | Manila Adventist College, Pasay | 89% | 17 | 19 |
| 12 | Colegio San Agustin Bacolod, Bacolod City | 88% | 59 | 67 |
| 12 | De La Salle Lipa, Lipa City | 88% | 39 | 44 |
| 12 | Tarlac State University, Tarlac City | 88% | 30 | 34 |
| 12 | Notre Dame of Marbel University, Koronadal City | 88% | 15 | 17 |
| 13 | University of Mindanao, Davao City | 87% | 34 | 39 |
| 13 | National University, Manila | 87% | 27 | 31 |
| 13 | Notre Dame of Dadiangas University, General Santos City | 87% | 21 | 24 |
| 13 | Asian Development Foundation College, Tacloban | 87% | 14 | 16 |
| 13 | Capitol Medical Center Colleges, Quezon City | 87% | 14 | 16 |
| 14 | Universidad de Zamboanga, Zamboanga City | 86% | 77 | 89 |
| 14 | Makati Medical Center College, Makati | 86% | 60 | 69 |
| 14 | Pamantasan ng Lungsod ng Marikina, Marikina City | 86% | 39 | 45 |
| 14 | Emilio Aguinaldo College in Cavite, Dasmarinas City | 86% | 32 | 37 |
| 14 | University of Cebu - LapuLapu and Mandaue Campus, Mandaue City | 86% | 31 | 36 |
| 14 | Saint Jude College, Manila | 86% | 25 | 29 |
| 14 | University of the Assumption, San Fernando City | 86% | 25 | 29 |
| 14 | Adamson University, Manila | 86% | 20 | 23 |
