BALANCE CONVERSION

The word "Card" means all credit cards issued by Citibank Berhad ("Citibank") and the word "Cardmember" means the holder of a Card participating in the Citi FlexiBill (defined below). These terms and conditions will apply in conjunction with the provisions set out in the Citibank Card Terms and Conditions, which will apply here with necessary changes having been made, having substituted new terms and with respective differences taken into consideration but where there is any inconsistency between the two, these terms and conditions will prevail to the extent it applies to the Citi FlexiBill. All expressions here will have the same meanings as set out in the Citibank Card Terms and Conditions except where the context otherwise requires or where express stated to the contrary.

Citi FlexiBill is a credit card facility that allows selected Cardmembers to convert their outstanding Current Balance or a portion of it which has not passed its Payment Due Date to a monthly instalment plan with applicable interest and other fees as stated in these terms and conditions.

"Card Account" means the Card account of the Cardmember.

1. The Cardmember will either receive a separate credit limit called Instalment Limit to enjoy only Citi FlexiBill and/or the Cardmember may, at Citibank's discretion, use their existing Card credit limit to enjoy Citi FlexiBill. For the avoidance of any doubt, Cardmembers are not eligible for temporary increase in their existing Card credit limit in the next 6 months once the Citibank approves the Cardmember’s application. Citibank has the right to, as it deems fit, increase, decrease or amend the Cardmember's Instalment Limit at any time and the Instalment Limit assigned to Cardmembers will be subject to all laws, regulations, directives and guidelines governing the Card.
2. Only Cardmembers with of good standing or whose Card Accounts are not in default or in breach of the Citibank Card Terms and Conditions or are in over limit are eligible to apply for Citi FlexiBill. The Cardmember must meet the minimum acceptance criteria as determined by Citibank when applying for Citi FlexiBill.
3. In making an application for Citi FlexiBill, the Cardmember must specify to Citibank, the Outstanding Current Balance or a portion of the Outstanding Current Balance, which the Cardmember wishes to convert under Citi FlexiBill ("Citi FlexiBill Amount"), provided the Payment Due Date for that Outstanding Current Balance has not passed. Citi FlexiBill does not apply to cash and cash based transactions, instalment amounts payable under other Citibank programs such as Citibank Easy Pay Plan (EPP), Citi Quick Cash, annual fees, carry forward balances and other charges charged by Citibank under the Citibank Card Terms and Conditions.
4. The minimum Citi FlexiBill Amount is RM1, 000 and must not exceed the available credit of the Card. This limit may be varied by Citibank at any time from time to time.
5. Citi FlexiBill will not earn Rewards Points and/or Cash Back accumulation.
6. Cardmembers must pay interest ("Citi FlexiBill Interest") on the Citi FlexiBill Amount and for the Citi FlexiBill Tenure (defined below). The applicable interest rate will be charged on the Citi FlexiBill Amount and will be computed based on a reducing balance basis. The effective interest rate will be calculated based on the actual number of days from the date of approval of the Citi FlexiBill Amount to the next immediate statement cycle date. Effective interest rate on Citi FlexiBill is computed on a 360-day year throughout the tenure. For avoidance of doubt, the first month’s interest will be pro-rated from the approval date to the next immediate statement cycle date and will be reflected (together with any fees or charges) in the next immediate monthly statement. Thereafter, the first monthly instalment (comprising principal and interest) payable will be reflected in the subsequent statement. For subsequent months, the effective interest rate on each instalment will be charged from one statement cycle date to the next statement cycle date, until the end of the tenure. For the avoidance of further doubt, the first and subsequent payment/instalments forms part of the Monthly Minimum Payment which must be settled by you on or before Payment Due Date.

Illustration:

Loan Amount : RM10,000 Effective Interest Rate: 17.9% Tenure : 12 Months
Month	Outstanding Loan (RM)	Instalment (RM)	Interest Payable (RM)	Principal Repayment (RM)
0	10,000.00	74.59 (Interest only)	74.58	-
1	10,000.00	916.32	149.17	767.16
2	9,232.84	916.32	137.72	778.60
3	8,454.24	916.32	126.11	790.21
4	7,664.03	916.32	114.32	802.00
5	6,862.02	916.32	102.36	813.97
6	6,048.06	916.32	90.22	826.11
7	5,221.95	916.32	77.89	838.43
8	4,383.52	916.32	65.39	850.94
9	3,532.59	916.32	52.69	863.63
10	2,668.96	916.32	39.81	876.51
11	1,792.44	916.32	26.74	889.59
12	902.86	916.32	13.47	902.86

7. The Cardmember must choose a tenure for the repayment of the Citi FlexiBill Amount together with the Citi FlexiBill Interest ("Citi FlexiBill Tenure"). The choice of the Citi FlexiBill Tenure is as follows but subject to any changes as may be made by Citibank from time to time:

   Citi FlexiBill Amount	Choice of Citi FlexiBill Tenure
   RM1,000 and above	12, 18, 24, 30, 36 months

   Save for the immediate instalment after approval date as per Clause 6 above, during the Citi FlexiBill Tenure, the Citi FlexiBill Amount together with Citi FlexiBill Interest will be billed by way of equal monthly instalment ("Citi FlexiBill Monthly Instalment") and will appear in the Cardmember’s monthly statement of account. The Citi FlexiBill Tenure and/or the Citi FlexiBill Monthly Instalment cannot be varied, extended or modified unless Citibank expressly agrees to such variation, extension or modification.

8. The approval or otherwise of the Cardmember's application will be subject to, among others:-
   1. the status of the Cardmember’s account;
   2. the status of the transaction at the point of conversion; and
   3. the discretion of Citibank as it deems fit in any case.
9. The Citi FlexiBill Monthly Instalment will be billed to the Cardmember’s Card Account commencing on the immediate next statement of account date following Citibank’s approval of the Cardmember’s application.
10. The Citi FlexiBill Monthly Instalment forms part of the Cardmember's Specified Minimum Payment or Minimum Monthly Payment as defined in the Citibank Card Terms and Conditions and specified as due in the Cardmember’s statement of account or any other written Communication given by Citibank. Citi FlexiBill Monthly Instalments must be paid in full on or before the Payment Due Date.
11. If the current balance specified or appearing in the Cardmembers’ statement of account are paid in full on or before the Payment Due Date, finance charges (or such charge) as is applicable to the Ordinary Transactions in accordance with the Citibank Card Terms and Conditions (“Finance Charge”) will not apply to the Citi FlexiBill Monthly Instalment amount. Payments by Cardmembers will be applied to settle taxes, followed by balance(s) attracting the highest interest rate to the lowest interest rate (and in the case of same interest rate, the order will start from the earliest to the latest transaction date). If payment received does not settle the current balance in full, any unpaid Citi FlexiBill Monthly Instalment will be subject to Finance Charge, calculated from the posting date in the statement of account until full payment is received.
12. For the avoidance of any doubt, the Cardmember will be deemed to have defaulted on the repayment of the Citi FlexiBill Monthly Instalment amount if the Cardmember does not make the Specified Minimum Payment or Minimum Monthly Payment (or only makes partial payment of the Specified Minimum Payment or Minimum Monthly Payment which is insufficient to cover the Citi FlexiBill Monthly Instalment amount), on or before the Payment Due Date as specified in the Cardmember’s Statement of Account (“Instalment Default Payment”). In the event of three (3) or more consecutive instalment default payment events, all monies due and owing under the BC, comprising of the total outstanding Citi FlexiBill Monthly Instalment and the total unbilled principal of the Citi FlexiBill Monthly Instalment, together with the applicable Finance Charge and balance of all other monies due and owing under the Citi FlexiBill will be become immediately due and payable by the Cardmember.
13. Subject to Citibank’s approval, the Cardmember may at any time cancel his participation in the Citi FlexiBill or elect for early settlement of the Citi FlexiBill Amount by calling CitiPhone or such other method as may be determined by Citibank from time to time. Upon such cancellation or early termination or in the event the Cardmember cancels the Card, the Cardmember must pay Citibank the total outstanding principal under the Citi FlexiBill together with 5% of the total outstanding principal under the Citi FlexiBill for such early termination or cancellation.
14. Without prejudice to the above, if the Cardmember is in breach of any provisions of the Citibank Card Terms and Conditions or these terms and conditions or in the event of cancellation of the Card or termination of the Card Account or the Card Account whether voluntarily or involuntarily closed for whatever reason, all monies due and owing under the Citi FlexiBill, comprising of the total outstanding Citi FlexiBill Monthly Instalment and the total unbilled principal of the Citi FlexiBill together with the applicable finance charges and balance of other monies owing under the Citi FlexiBill will immediately become due and payable by the Cardmember and Citibank may as it deems fit, charge it to the Card Account where the Citibank Card Terms and Conditions will apply to all the said instalments or balance remaining without prejudice to the rights and remedies of Citibank under the Citibank Card Terms and Conditions.
15. The Cardmember may apply more than once for the Citi FlexiBill so long as the Cardmember qualifies for the Citi FlexiBill in accordance with these terms and conditions.
16. Despite the provisions relating to respective rates, the manner and time of payment and modes of computation referred to here, Citibank is entitled at any time and from time to time to vary such rates, manner and time of payment and/or modes of computation in any manner by giving notice to the Cardmember. Without prejudice to the provisions set out in the Citibank Card Terms and Conditions on Communications, the manner of notice, time of effect and the effect of such variation would be in accordance with the Citibank Card Terms and Conditions.
17. The Citi FlexiBill is valid only up till the Citi FlexiBill Tenure or any other extended date(s) as Citibank may specify from time to time. To avoid doubt:
    1. Nothing contained here will be construed as an obligation on Citibank to extend the tenure of the Citi FlexiBill;
    2. Citibank reserves the right to, as it deems fit, vary or change these terms and conditions from time to time with prior notice by way of posting on Citibank Online found at www.citibank.com.my (“Website”), or in any other manner deemed suitable by Citibank. The Cardmembers agree to access the Website regularly to view these terms and conditions and to ensure that they are kept-up to-date with any variation or changes to these terms and conditions. The Cardmembers agree that their participation in the Citi FlexiBill will be considered to be their acceptance of these terms and conditions (which may be varied or changed). Citibank also reserves the right to, as it deems fit, replace wholly or in part the Citi FlexiBill by another scheme, whether similar or not, or to withdraw in altogether; and
    3. To the full extent permitted by law, Citibank will not be responsible for and disclaims all liability to any actions, claims, damages, costs, charges and expenses which the Cardmember may suffer, sustain or incur by reason of the Cardmember’s enrollment in the Citi FlexiBill.
18. Citibank reserves the right to describe any of the expressions stated here in a different manner in the statement of account and such descriptions in the statement of account will not be construed against Citibank as having a different meaning as stated here.
19. Any term or condition which is illegal, prohibited or unenforceable under any law or regulation shall be ineffective to the extent of such illegality, voidness, prohibition or unenforceability without invalidating the remaining terms and conditions.
20. These terms and conditions will be governed by and construed under the laws of Malaysia.