ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account. 3.2 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 Points for every S$1 incurred on local retail purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points. 3.3 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance. 3.4 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points: (i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank); (ii) funds transfers using the card as source of funds; (iii) bill payments (including via Citibank Online or via any other channel or agent); (iv) payments to educational institutions; (v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases); (vi) payments to insurance companies (sales, underwriting, and premiums); (vii) payments to financial institutions (including banks and brokerages); (viii)payments to non-profit organizations;
Appears in 7 contracts
Samples: Citi Prestige Cardmember Agreement, Citi Prestige Cardmember Agreement, Citi Prestige Cardmember Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month Welcome gift of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 375,000 Points (equivalent to 150,000 miles) will be given to a new cardmember who
(i) applies for and is successfully issued a Citi ULTIMA Card; and
(ii) prior to being issued a Citi ULTIMA Card, did not previously have a Citi ULTIMA Card account that was terminated/closed (whether by the cardmember or such other number of Points as by Citibank) in the Bank may from time to time determinelast six (6) upon renewal of his annual membership months; and
(iii) pays for the card accountAnnual Fee.
3.2 Renewal gift of 375,000 Points (equivalent to 150,000 miles) will be given to an existing cardmember who
(i) is renewing their card; and
(ii) pays for the Annual Fee.
3.3 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 4 Points for every S$1 incurred on local retail purchases charged to his card account and 5 for retail purchases. A cardmember will receive an additional 1 Points for the equivalent of every S$1 incurred on overseas retail purchases charged in a currency other than Singapore dollars (at the prevailing foreign exchange rate as determined by the Bank in its reasonable discretion) to his card accountaccount for retail purchases. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 3.4 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or and/ or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 3.5 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.6 There is no expiry date for Points.
3.7 Provided that the card account is in good standing as determined by the Bank and that there are sufficient Points, a cardmember may select and redeem any one or more of the Rewards, based on the qualifying Points amount, via such redemption channel as the Bank may from time to time inform the cardmember. The cardmember agrees that the use of any channel will be governed by its applicable terms and conditions.
3.8 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.9 Cardmembers who wish to redeem their Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 5 contracts
Samples: Citi Ultima Cardmember's Agreement, Citi Ultima Cardmember's Agreement, Citi Ultima Cardmember's Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 1.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 There is a 1 year expiry date for Points.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wishes to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 4 contracts
Samples: Citi Corporate Card Member Agreement, Citi Corporate Card Member's Agreement, Citi Corporate Card Member Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 1.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 During each Points Validity Period, the Cardholder will receive Points based on the amount of retail purchases made during that Points Validity Period and the Cardholder may use the Points in their account to redeem any Rewards at any time during that Points Validity Period. Points accumulated in any 1 Points Validity Period shall not be carried forward to subsequent Points Validity Period. Any Points which are not used as at the last day of a Points Validity Period shall be available for use for a further 1 month; thereupon such unused Points shall be automatically cancelled and shall not thereafter be available for use by the Cardholder nor be reinstated.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wishes to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 4 contracts
Samples: Citi Corporate Card (Joint & Several/ Cardmember Liability) Cardmember’s Agreement, Citi Corporate Card (Joint & Several/ Cardmember Liability) Cardmember’s Agreement, Citi Corporate Card Member Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 1.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that hasbeenexcludedbythebank,xxxxxxxxxxxxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 During each Points Validity Period, the Cardholder will receive Points based on the amount of retail purchases made during that Points Validity Period and the Cardholder may use the Points in their account to redeem any Rewards at any time during that Points Validity Period. Points accumulated in any 1 Points Validity Period shall not be carried forward to subsequent Points Validity Period. Any Points which are not used as at the last day of a Points Validity Period shall be available for use for a further 1 month; thereupon such unused Points shall be automatically cancelled and shall not thereafter be available for use by the Cardholder nor be reinstated.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wish to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 3 contracts
Samples: Citi Corporate Card Cardmember’s Agreement (Personal Liability), Citi Corporate Card Cardmember’s Agreement (Personal Liability), Citi Corporate Card Cardmember's Agreement (Personal Liability)
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 2.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 During each Points Validity Period, the Cardholder will receive Points based on the amount of retail purchases made during that Points Validity Period and the Cardholder may use the Points in their account to redeem any Rewards at any time during that Points Validity Period. Points accumulated in any 1 Points Validity Period shall not be carried forward to subsequent Points Validity Period. Any Points which are not used as at the last day of a Points Validity Period shall be available for use for a further 1 month; thereupon such unused Points shall be automatically cancelled and shall not thereafter be available for use by the Cardholder nor be reinstated.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wishes to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 3 contracts
Samples: Citi Business Card Cardmember’s Agreement, Citi Business Card Cardmember's Agreement, Citi Business Card Cardmember's Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 2.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 There is a 5 years expiry date for Points.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wishes to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 3 contracts
Samples: Citi Business Card Cardmember's Agreement, Citi Business Card Cardmember's Agreement, Citi Business Card Cardmember's Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 1.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill xxxx payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 There is a 1 year expiry date for Points.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wish to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 3 contracts
Samples: Citi Corporate Card Cardmember’s Agreement (Personal Liability), Citi Corporate Card Cardmember's Agreement, Citi Corporate Card Cardmember's Agreement (Personal Liability)
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes plus prevailing GST) for his annual membership fee in full to his card account within one [1] month from annual membership fee billing date (1or such other period as may be determined by the Bank) month will be entitled to receive a welcome gift from the Bank (“Welcome Gift”). The Welcome Gift may be in the form of card approval will receive 62,500 PointsPoints or otherwise, as determined by the Bank. The Bank reserves the right to vary the Welcome Gift from time to time. In addition, for every card anniversary year, a cardmember will receive 62,500 Points a renewal gift (or such other number of Points as the Bank may from time to time determine“Renewal Gift”) upon renewal and full payment of his annual membership for the card account. The Renewal Gift may be in the form of Points, or otherwise, as determined by the Bank. Cardmembers may refer to the Citi Prestige Card website at xxx.xxxxxxxx.xxx.xx/xxxxxxxxxxxx for the prevailing Welcome Gift offer and the Renewal Gift offer.
3.2 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 Points for every S$1 incurred on local retail purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); (viii)payments to non-profit organizations;
Appears in 2 contracts
Samples: Citi Prestige Cardmember's Agreement, Citi Prestige Cardmember's Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month Welcome gift of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 375,000 Points (equivalent to 150,000 miles) will be given to a new cardmember who
(i) applies for and is successfully issued a Citi ULTIMA Visa/Mastercard Card; and
(ii) prior to being issued a Citi ULTIMA Visa/Mastercard Card, did not previously have a Citi ULTIMA Visa/Mastercard Card account that was terminated/closed (whether by the cardmember or such other number of Points as by Citibank) in the Bank may from time to time determinelast six (6) upon renewal of his annual membership months; and
(iii) pays for the card accountAnnual Fee.
3.2 Renewal gift of 375,000 Points (equivalent to 150,000 miles) will be given to an existing cardmember who
(i) is renewing their card; and
(ii) pays for the Annual Fee.
3.3 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 4 Points for every S$1 incurred on local retail purchases charged to his card account and 5 for retail purchases. A cardmember will receive an additional 1 Points for the equivalent of every S$1 incurred on overseas retail purchases charged in a currency other than Singapore dollars (at the prevailing foreign exchange rate as determined by the Bank in its reasonable discretion) to his card accountaccount for retail purchases. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 3.4 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or and/ or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 3.5 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx. sg/rwdexcl (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.6 There is no expiry date for Points.
3.7 Provided that the card account is in good standing as determined by the Bank and that there are sufficient Points, a cardmember may select and redeem any one or more of the Rewards, based on the qualifying Points amount, via such redemption channel as the Bank may from time to time inform the cardmember. The cardmember agrees that the use of any channel will be governed by its applicable terms and conditions.
3.8 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.9 Cardmembers who wish to redeem their Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 2 contracts
Samples: Cardmember Agreement, Cardmember Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes plus prevailing GST) for his annual membership fee in full to his card account within one [1] month from annual membership fee billing date (1or such other period as may be determined by the Bank) month will be entitled to receive a welcome gift from the Bank (“Welcome Gift”). The Welcome Gift may be in the form of card approval will receive 62,500 PointsPoints or otherwise, as determined by the Bank. The Bank reserves the right to vary the Welcome Gift from time to time. In addition, for every card anniversary year, a cardmember will receive 62,500 Points a renewal gift (or such other number of Points as the Bank may from time to time determine“Renewal Gift”) upon renewal and full payment of his annual membership for the card account. The Renewal Gift may be in the form of Points, or otherwise, as determined by the Bank. Cardmembers may refer to the Citi Prestige Card website at www.citibank. xxx.xx/xxxxxxxxxxxx for the prevailing Welcome Gift offer and the Renewal Gift offer.
3.2 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 Points for every S$1 incurred on local retail purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off- track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.5 A cardmember will receive Relationship Bonus Points which will be calculated based on the Point amount equivalent to the percentage of the total amount of retail purchase transactions (as determined in accordance with Clause 3.4 above) made in that membership year in accordance with the table below:- 0-5 years 15% 5% 6-10 years 20% 10% >10 years 30% 15%
3.6 For the avoidance of doubt, the cardmember will not be entitled to receive the Points referred to in clause 3.1 above if the Bank does not receive payment for the annual membership fee in cash from the cardmember.
3.7 There is no expiry date for Points.
3.8 Provided that the card account is in good standing as determined by the Bank and that there are sufficient Points, a cardmember may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the cardmember. The cardmember agrees that the use of any channel will be governed by its applicable terms and conditions.
3.9 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.10 Cardmembers who wish to redeem their Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
3.11 Points earned by a supplementary cardmember will be credited to the card account of the basic cardmember and may be used only by the basic cardmember for redemption of Rewards. A supplementary cardmember may use Points to redeem a Reward provided that the claim form bears the basic cardmember’s authorized signature and the card account number.
3.12 The Bank will take approximately seven (7) business days to process a redemption request.
Appears in 2 contracts
Samples: Citi Prestige Cardmember Agreement, Citi Prestige Cardmember Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 Points for every S$1 incurred on local retail purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); (viii)payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off- track betting, and xxxxxx at race tracks) through any channel;
Appears in 2 contracts
Samples: Citi Prestige Cardmember's Agreement, Citi Prestige Cardmember's Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 1.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx. sg/rwdexcl (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 There is a 1 year expiry date for Points.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash or credit.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wishes to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 1 contract
Samples: Citi Corporate Card Member Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 1.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 During each Points Validity Period, the Cardholder will receive Points based on the amount of retail purchases made during that Points Validity Period and the Cardholder may use the Points in their account to redeem any Rewards at any time during that Points Validity Period. Points accumulated in any 1 Points Validity Period shall not be carried forward to subsequent Points Validity Period. Any Points which are not used as at the last day of a Points Validity Period shall be available for use for a further 1 month; thereupon such unused Points shall be automatically cancelled and shall not thereafter be available for use by the Cardholder nor be reinstated.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wish to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 1 contract
Samples: Citi Corporate Card Cardmember's Agreement (Personal Liability)
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month Welcome gift of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 375,000 Points (equivalent to 150,000 miles) will be given to a new cardmember who
(i) applies for and is successfully issued a Citi ULTIMA Card; and
(ii) prior to being issued a Citi ULTIMA Card, did not previously have a Citi ULTIMA Card account that was terminated/closed (whether by the cardmember or such other number of Points as by Citibank) in the Bank may from time to time determinelast six (6) upon renewal of his annual membership months; and
(iii) pays for the card accountAnnual Fee.
3.2 Renewal gift of 375,000 Points (equivalent to 150,000 miles) will be given to an existing cardmember who
(i) is renewing their card; and
(ii) pays for the Annual Fee.
3.3 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 4 Points for every S$1 incurred on local retail purchases charged to his card account and 5 for retail purchases. A cardmember will receive an additional 1 Points for the equivalent of every S$1 incurred on overseas retail purchases charged in a currency other than Singapore dollars (at the prevailing foreign exchange rate as determined by the Bank in its reasonable discretion) to his card accountaccount for retail purchases. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 3.4 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or and/ or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 3.5 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx. sg/rwdexcl (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.6 There is no expiry date for Points.
3.7 Provided that the card account is in good standing as determined by the Bank and that there are sufficient Points, a cardmember may select and redeem any one or more of the Rewards, based on the qualifying Points amount, via such redemption channel as the Bank may from time to time inform the cardmember. The cardmember agrees that the use of any channel will be governed by its applicable terms and conditions.
3.8 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.9 Cardmembers who wish to redeem their Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 1 contract
Samples: Citi Ultima Cardmember's Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 2.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, finesfines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 There is a 5 years expiry date for Points.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wishes to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 1 contract
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 1.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, finesfines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 There is a 1 year expiry date for Points.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wishes to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 1 contract
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month Welcome gift of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 375,000 Points (equivalent to 150,000 miles) will be given to a new cardmember who
(i) applies for and is successfully issued a Citi ULTIMA Card; and
(ii) prior to being issued a Citi ULTIMA Card, did not previously have a Citi ULTIMA Card account that was terminated/closed (whether by the cardmember or such other number of Points as by Citibank) in the Bank may from time to time determinelast six (6) upon renewal of his annual membership months; and
(iii) pays for the card accountAnnual Fee.
3.2 Renewal gift of 375,000 Points (equivalent to 150,000 miles) will be given to an existing cardmember who
(i) is renewing their card; and
(ii) pays for the Annual Fee.
3.3 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 4 Points for every S$1 incurred on local retail purchases charged to his card account and 5 for retail purchases. A cardmember will receive an additional 1 Points for the equivalent of every S$1 incurred on overseas retail purchases charged in a currency other than Singapore dollars (at the prevailing foreign exchange rate as determined by the Bank in its reasonable discretion) to his card accountaccount for retail purchases. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 3.4 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or and/ or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 3.5 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, finesfines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx.xx/xxxxxxx (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.6 There is no expiry date for Points.
3.7 Provided that the card account is in good standing as determined by the Bank and that there are sufficient Points, a cardmember may select and redeem any one or more of the Rewards, based on the qualifying Points amount, via such redemption channel as the Bank may from time to time inform the cardmember. The cardmember agrees that the use of any channel will be governed by its applicable terms and conditions.
3.8 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash.
3.9 Cardmembers who wish to redeem their Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 1 contract
Samples: Citi Ultima Cardmember's Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 Points for every S$1 incurred on local retail purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, finesfines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial financial institutions (including banks and brokerages); (viii)payments to non-profit profit organizations;
Appears in 1 contract
Samples: Citi Prestige Cardmember's Agreement
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember Cardholder will receive, on a monthly basis, Points which will be credited to his card account his/her Card Account at the rate of 3.25 Points 1.00 Point for every S$1 (or its equivalent in foreign currency) incurred on local retail purchases Local Retail Purchases and Overseas Retail Purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Pointshis/her Card Account.
3.3 3.2 Points shall be calculated on the amount of each retail purchase Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases Retail Purchases will not be accredited Points. Where Points have been credited to the cardmemberCardholder’s card account Card Account and/or used before the retail purchase Retail Purchase is refunded, the Bank will debit the card account Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account Card Account to have a negative Points balance.
3.4 3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-quasi- cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill xxxx payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerages); ;
(viii)payments viii) payments to non-profit organizations;
(ix) betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and xxxxxx at race tracks) through any channel;
(x) any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts;
(xi) transit-related transactions; and
(xii) transactions performed at establishments/businesses/merchants that fall within an excluded Merchant Category or a merchant that has been excluded by the bank, as set out in xxx.xxxxxxxx.xxx. sg/rwdexcl (you acknowledge that this list of excluded Merchant Categories or merchants may be updated from time to time at our discretion and you agree to refer to this list for any updates); provided always that the bank is entitled, in its reasonable discretion, to take into account or disregard any card transaction or charges or retail purchase in the calculation of Points or to otherwise vary the basis of calculation of Points. Any Points earned from any of the above transactions will be debited.
3.4 There is a 1 year expiry date for Points.
3.5 Provided that the Card Account is in good standing as determined by the Bank and that there are sufficient Points, a Cardholder may select and redeem any one or more of the Rewards, based on the qualifying Point amount specified in the Citi Rewards catalog, via such redemption channel as the Bank may from time to time inform the Cardholder. The Cardholder agrees that the use of any channel will be governed by its applicable terms and conditions.
3.6 The accumulation and usage of Points shall be specified in the monthly statement of account. Unless expressly stated herein, Points are not transferable and not exchangeable for cash or credit.
3.7 The Bank will take approximately seven (7) Business Days to process a redemption request.
3.8 A Cardholder who wish to redeem his/her Points for cash rebates can only do so via channels approved by the bank. The rebate will be reflected as a credit in the statement of account and is not to be taken as a payment in reduction of the minimum payment due.
Appears in 1 contract
Samples: Citi Corporate Card Cardmember's Agreement (Personal Liability)
