Citibank says no to staggered credit card payments

January 14, 2009 at 3:36 am 3 comments

People should regularly read Victor Agustin’s Cocktales Column published in Manila Standard Today. He writes about talks going on around the business community, which, most of the time, turn out to be true. He also writes about what’s happening in the banking community so, from time to time, you can get to read some issues before it even reaches the ears of other reporters.

In today’s issue, a small anecdote about Citibank caught my eye. You can also read the entire column in his blog.

Most creditors are only too happy to receive payments from debtors in these trying times, but Citibank even penalizes with a P40 transaction fee those who opt to stagger and pay more than twice a month their Citibank-issued credit cards.

If this is true, then I am very, very, very angry. Hubby has a Citibank-Shell credit card and there are months when we pay on a staggered basis. If Citibank is indeed charging credit card holders who pay more than twice a month, then screw you, Citibank!


Entry filed under: credit card, money tips. Tags: , , , , , .

PSBank’s Premium US$ Time Deposit (Jan. 13, 2009) Chinabank lowers interest rates anew (Jan. 13, 2009)

3 Comments Add your own

  • 1. Bill Cash  |  January 16, 2009 at 9:13 pm

    I just stopped by your blog and thought I would say hello. I like your site design. Looking forward to reading more down the road.

  • 2. Mike Lacson  |  May 5, 2009 at 12:56 pm

    What’s “staggard?” Casn’t find it in the dictionary.

  • 3. rconita maldita  |  August 19, 2009 at 9:26 pm

    i think the right word is staggered.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

Back Read

Blog Stats

  • 129,770 visits

Site Meter

%d bloggers like this: