City bank is the one of the largest financial banks which provides the credit cards to American people. It is officially referred to as the Citigroup. This is the company which was established in 1812. Credit card is widely known as plastic money. It is called plastic money because with this help we can get money anywhere at any time. It provides the convenience to owner to borrow the funds at the time of his purchase. This is short term finance for the owner. With the help of this credit card bills can be paid faster and in a simpler way. This bank provides several methods to pay the credit card bill like the free online services. It also gives the facility to use your credit card for bill payment through telephone by charging small convenience fees.

Types of credit card for online payment

Citibank provides various cards for the purpose of online payment. The following cards provide the facility to pay the bill online with the help of credit card.

Types of credit card:

• City Platinum Select / Advantage / Visa Signature Card: $85.00 annual fess will be charged on this card. Fee is charged for the first 12 months. It provides 15.24 APR on purchase. And balance purchase APR is not applicable.
• City Thank You Preferred Card: no annual fess will be charged on this card. There should be the variable in between 12.99% to 20.99% depending on the credit worthiness. Balance transfer APR is not applicable.
• City Forward Card: no annual fess will be charged on this card. There should be variable in between 12.99% to 20.99% .0% intro APR is charged on purchase and balance for the first 12 months. After that 12.99% to 20.99% variable will be charged on the basis of creditworthiness.
• City Simplicity Card: no annual fee is charged. There is 0% intro charge on the purchase and the balance transfer for the first 21 months. After that the APR variable will be 16.99%.
• City Diamond Preferred Card: no annual fess is charged. There is 0% intro charge on the purchase and the balance transfer for the first 21 months. After that the APR variable will be 11.99% to 20.99% based on creditworthiness.
• City Thank You Premier Card: $125 is charged as the annual fees.13.99% to 21.99% variable APR will be based on the creditworthiness. And no APR is applicable for balance transfer.
• City Hilton Honors Visa Signature Card: no annual fees is charged.14.24% variable is charged on the purchase APR for visa signature and 16.24% variable is charged on the purchase APR for visa gold. No APR is charged for balance transfer.
• City Select /Advantage American Express card: $85.00 will be charged as the annual fees. 15.24% variable is charged on the purchase APR. No APR is charged for balance transfer.
• City Gold / Advantage Visa Signature card: $50.00 will be charged as the annual fees.15.24% variable is charged on the purchase APR. No APR is charged for balance transfer.
• City Platinum Select Visa Card for College Students: no annual fees is charged. 0% intro APR is charged on purchase for first 7 months. After that the variable APR will be 12.99% to 21.99%. And no APR is charged for balance transfer.

How can we apply for credit card payment online?

Online payment with the help of credit card is more convenient. We can easily pay our bill online through credit card. We do online payment with the help of the computers and by securing the information. In this the bank provides the information to the client which is protected by the bank. The bank uses the encryption methods to safeguard information of the client.

There are two methods for the payment of the bills with the help of the credit card:

• By using bank’s online banking system.
• By using the Citibank website.

How to use bank’s online banking system:

For this, one should do the following things-

• First thing to do is to login on the Citibank website with the password given to you.
• Then choose the option of online payment from the panel in the website.
• Click on the option of payment and click yes, then your bill will be paid online.

 

Citibank provides all services to its customers. Now in order to pay the bill one does not have to stand in line, they can login directly on the bank website and can pay their bills online without any hurdles and problems. This is one of the easiest ways to pay bills. Citibank also provides E pay credit cards. This credit card gives the following facility also. Even when one does not have their account in Citibank, then also they can pay their bills online through Citibank. So it will only take two days in order to avail this service. Citibank credit card also transfers money to accounts of any other bank .Thus facilities given by Citibank is very good and beneficial to their customers.

How payment and other charges are calculated

It is noted that many credit card companies charge the transaction fees for the minimum payment calculation. By charging the transaction fees the minimum balance reaches the sky. City bank is the bank which is taking the change in the payment calculations. The credit card payment can be calculated in two different manners.

Ways to calculate the credit card payment:

• By using the percentage of the outstanding balance method.
• By using the OCC method (Office of the Comptroller of Currency’s formula).

By using the percentage method:

• In this we calculate the minimum payment of credit card which is based on the lender’s percentage rate. In this it is first required to confirm the percentage of the balance for the payment by reading the current statement or by contacting the issuer of the credit card. This percentage will lie in between 2% to 4%.
• The balance is multiplied with this percentage. Like our balance is $1700. Than this balance is multiplied with 1700*0.20= 340.
• A good portion is paid as an interest. We can calculate any amount up to any figure just by dividing the APR by the 12 months and after than multiplying it by the outstanding balance.

By using the Office of the Comptroller of Currency’s formula:

• By this we can calculate the minimum payment on the credit card by the OCC formula. In this we multiply the outstanding balance by the APR.
• We multiply the outstanding balance by one percent.
• After carrying out the entire procedure we have to add the number which is obtained by multiplying the balance with one percent with the number obtained when we multiply the outstanding balance by the APR.
• The result is the minimum payment.

How are payments accepted?

By using credit card the owner can make the payments. He can make this payment in various ways. The Citibank introduced the easiest and the safe method for the payment of bill.

How to pay the bill:

• Payments of bills can be made online.
• Payment of bills can be also be made by SMS.
• Payment of bills can be made through telephone by taking small amount of convenience charge.

Additional benefits of having Citibank credit card

Citibank provides various additional benefits. Benefits for having a credit card:

• It is plastic money which can be used anywhere at anytime.
• It is easy to use.
• It is convenient to the customer to use it online.
• Client can made the payment through telephones.

Benefits to have Citibank credit card:

• City Thank You Preferred Card, no annual fee will be charged on this card. Balance transfer APR is not applicable.

• City Forward Card, no annual fee will be charged on this card.
• City Simplicity Card, no annual fee is charged.
• City Diamond Preferred Card, no annual fee is charged.
• City Diamond Preferred Card, no annual fee is charged.

• City Platinum Select Visa Card for College Students, no annual fees are charged. Balance transfer APR is not applicable.

• earning the reward points for shopping, travelling up to a certain limit
• For some credit cards there is no need to pay for the balance transfer for certain period.
• Cards are provided for special purpose.

Contact details for city bank credit card payment
The customer can make his payment with the help of various means. The Citibank credit card holder can make the payment of bills. The customer can contact to the Citibank in following ways:

• The customer can contact to the bank through their websites. He can also send the bank mails.
• The customer can also contact the banks through phones. For queries the customer can dial:
• customers can use this number for contact if they are outside the U S:  1-605-335-2222
• customers can use this number if they are staying in U S:
• For general information: 1-800-950-5114
• Credit Card Online Support: 1-800-347-4934
• Lost or Stolen Credit Cards: 1-800-950-5114(TTY: 1-800-325-2865)
• Credit Card Application Status: 1-888-201-4523