Just got this emailed to me today-
Paying down your balance is closer than you think.
Earn up to $550 just for paying more than the
minimum on time.
Lowering your balance makes good financial sense – and the Citi Payment Partner
Program can help you achieve it.
Call 1-800-505-1648 to enroll now, and when you pay more than the minimum amount
due on any of your next 4 billing statements,
Citi will reward you with a statement credit equal to 20% of the amount you paid
over the minimum.
Get rewarded with a statement credit for paying more than the minimum on time.
Save money through reduced interest charges and no late fees.
Build good credit by reducing your balance and paying on time.
Here’s how it works:
Earnings will be credited to your account within 3 billing cycles after
successful completion of the program.
Timely payment of at least the minimum amount due is required on all billing
statements before earnings are credited.
Your account will be suspended until your statement credit is posted.
Upon receiving your statement credit, your credit line will decrease by the
total amount paid over the minimum, plus your statement credit.
Earn up to $550 for on-time payments made above the minimum.
Call 1-800-505-1648 now and start reducing your balance today.
Offer ends 12/31/08.
TERMS AND CONDITIONS
Eligibility
Your account must be in good standing to enroll in this program. You will not
be able to enroll in this program if you are currently participating in a
payment arrangement program. You will receive a confirmation letter within 2 to
3 weeks, which will provide confirmation of your enrollment, or the reason your
account is ineligible to enroll. Should your account be enrolled, all on-time
payments received on or after the date you called to enroll for a 4 month period
will be eligible for the program. Payments received outside this offer period
will not count toward the program.
Account Status
If at any point before your statement credit posted to your account, a purchase
or charge is made to your account, including recurring payments, you enroll in a
payment arrangement program, you consolidate the enrolled account into any Citi
product, or you voluntarily withdraw from the program, your account will be
removed from this program. Removal from the program for any reason will forfeit
any accumulated statement credit earned. In addition the account will not be
eligible for re-enrollment.
Calculation Method
Statement credit earned through this program will be calculated by multiplying
the 20% matching percentage by a calculated matching base. The matching base
will be the sum of the payments made during the offer period in excess of the
required minimum payments. Payment dollars that result in a credit balance will
not count towards the matching base.
The maximum statement credit earned through this program is $550. The total
credit earned will be posted to the account via a one-time statement credit
within 3 billing cycles after successful completion of the program. There is a
limit of one statement credit per account.
Credit Limit
By accepting this offer, you authorize Citi Cards to reduce your credit limit,
which will take effect within 3 billing cycles after the offer period ends. Your
credit limit will be reduced by the following: An amount equal to the sum of the
payments made in excess of the minimum due and the total statement credit earned
through this program, minus any new debits and returned payments. Your cash
limit will be reduced to no more than 30% of your new credit limit.
Please note that removal from this program for any reason or voluntary
withdrawal from this program will still result in a credit limit reduction as
stated above. You will not be eligible for re-enrollment and any accumulated
statement credit you’ve earned will be forfeited.
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