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CITI CORPORATE CARDCARDMEMBER’S AGREEMENT(PERSONAL LIABILITY)Before you use the Card, please read this agreement thoroughly. By signingon or using the card, you are accepting the terms and conditions of thisagreement and will be bound by them. Your use of the card is governed bythis agreement (as amended from time to time).1.DEFINITIONS1.1When we use the following words in this agreement, they have themeanings as respectively set out below:ATMan automated teller machine or card-operated machine, whetherbelonging to us or other participating banks or financial institutionsor to the Visa or Mastercard Global ATM Network or their affiliatednetworks, which accepts the cardAuthorityany competent regulatory, prosecuting, tax or governmental authorityin any jurisdiction, domestic or foreignbusiness memberthe person at whose request a card is issued to youbusiness dayrefers to any day on which banks are open for business in Singaporeother than Saturday, Sunday and gazetted public holidays in Singaporecarda Citi Corporate Card issued by us and any renewal or replacementcard accountan account which you maintain with us in respect of the card transactiona transaction carried out whether by using the card, the card accountnumber and/or the PIN or via TBS or otherwise, whether with or withoutyour knowledge or authority (including a payment for any goods,services and/or benefits and a payment for any charitable purpose andany cash advance)cash advancea disbursement of funds in any currencyCash interest rateinterest rate applied on outstanding debit balances from Cashtransactions as well as outstanding balances pursuant to any balancetransfer programs after the expiry of the promotional tenureCash transactionsCash advance transactions, Quasi-cash transactions and related fee andinterest chargesCitigroup, IncCitigroup, Inc., a corporation incorporated in the United States ofAmericaCitigroup Organisationany affiliate or subsidiary of Citigroup, Inc.Collected Amountan amount for or on account of, or which represents, withholding,income tax value added tax, tax on the sale or disposition of anyproperty, duties or any other lawfully collected amount.Citibank, N.A.means Citibank, N.A., a banking association organised under the laws ofthe United States of Americacombined credit limitthe maximum limit permitted by us, and communicated to you by usfrom time to time, in respect of which the total outstanding balance ofyour card account must not exceed at any time and if you have morethan one card account such limit shall be the maximum permitted forthe total outstanding balance of all your card accounts except thatwhere the credit limit of the business card account is determined by thebusiness member, the combined credit limit hereof (for the purposes ofthis agreement) shall be the credit limit of that business card accountonly, as determined by the business membercommunicationincludes all notices, demands, requests, instructions, including withoutlimitation, stop payment instructions (or cancellation thereof) in respectof any statement of account, card, PIN and all other communication1
current balanceyour total liabilities outstanding and owing to us at any given time inconnection with your card account(s) and/or this agreement, includingbut not limited to all card transactions, interest, charges, fees, costs,billed instalments and expenses (including legal costs), whether actualor contingent and whether incurred now or in the futureequipmentany electronic, wireless, communication, transmission or telecommunicationequipment, device or medium, including without limitation, the Internet,any computer or mobile phone, equipment, device, terminal or system orotherwiseemployeryour employer and if your card is issued at the business member’srequest means the business memberinstalment plansa payment plan under which the billing for goods and services and/ora loan is made by way of equal instalments over the applicable tenure,including any associated interestLaw or Regulationthe law or regulation of any jurisdiction, domestic or foreign, or anyagreement entered into with or between AuthoritiesMaster billing statement of accounta consolidated statement of account issued to the business memberby us in respect of the card accounts of all specified individualcardmembers (under the program) stating the current balance thereofand the payment due for the specified period.Memo statement of accounta statement of account issued to you by us in respect of your cardaccount specifying the transaction details for the specified period.payment due datethe date specified in the statement of account or where we are unableto send you a statement of account, such date that we may select bywhich payment of the current balance is to be received by us, and for thepurpose of calculating interestPayment Infrastructure Providera third party that forms part of the global payment systeminfrastructure, including without limitation communications, clearing orpayment systems, intermediary banks and correspondent banksPINPersonal Identification Number issued by us to allow you to use thecard at an ATM to obtain cash advances quasi-cash transactions aretransactions representing a purchase of foreign currency or items(including but not limited to, gaming chips, money orders, lottery tickets,traveler’s cheques and precious metals) which may be convertible tocash, and may also include transactions such as the transfer of fundsunder a wire transfer money order, the funding of accounts and suchother transactions as determined by the relevant card association fromtime to timePrivacy Circularthe notification provided by us to explain the purposes for our collection,use and disclosure of personal data (as defined in the Personal DataProtection Act 2012 of Singapore), including amendments theretoProgramThe Citi Corporate Card (Personal Liability) Programquasi-cash transactionsare transactions representing a purchase of foreign currency or items(including but not limited to, gaming chips, money orders, lottery tickets,traveler’s cheques and precious metals) which may be be convertible tocash, and may also include transactions such as the transfer of fundsunder a wire transfer money order, the funding of accounts and suchother transactions as determined by the relevant card association fromtime to time.Retail interest rateinterest rate applicable to outstanding balances arising from cardtransactions other than Cash transactions pursuant to clause 7.1RepresentativesOur officers, directors, employees, agents, representatives, professionaladvisers and Third Party Service ProvidersSMSShort message service provided by your mobile service provider which:(a) we may use to send any communication to your mobile phone at the2
mobile phone number provided by you to us and as may from time totime be updated by you; and(b) for you to give us instructions in respect of your card and/or cardaccount in accordance with our prescribed procedure prevailingat that time from your mobile phone at the mobile phone numberprovided by you to us and as may from time to time be updated byyou.Third Party Service Providera third party selected by us or any Citigroup Organisation orRepresentative to provide services and who is not a PaymentInfrastructure Provider. Examples of Third Party Service Providersinclude technology service providers, business process outsourcingservice providers and call centre service providers.unbilled instalment principal amountPrincipal amount under an instalment plan less any billed instalmentprincipal amount outstanding unbilled instalment amount the sum ofany unbilled instalment principal amount under an instalment plan andany associated interest or feesValid signatureyour signature which is identical to the specimen signature on yourapplication for the card and/or on the Auto-Sig Signature Card furnishedto uswe, our, usCitibank Singapore Ltd and its successors and any novatee, assignee,transferee or purchaser of Citibank Singapore Ltd’s rights and/orobligations hereunderyou, your, cardmemberthe person to whom the card is issued1.2(a) “TBS” and “TBS Access Code” have the same meanings as set out inthe terms and conditions relating to Telephone Banking Service.(b) Unless the context otherwise requires, words referring to the singularnumber shall include the plural number and vice versa; and referenceto a person includes reference to a sole proprietor, partnership fi rmand company.(c) We use headings in this agreement for ease of reference but thisagreement is not to be interpreted by reference to the headings.2.THE CARD2.1Collection of cardWhen your application is approved by us, we may send you the card,and a renewal or replacement thereof, by ordinary post to the addresswe have on record for you. In the event you fail to receive the card andunauthorized transactions occur on the card account, you will not beliable for the balances arising therefrom provided you have not actedfraudulently or negligently. We are not liable to you for any loss ordamage which you may suffer if you fail to receive the card.2.2 After receipt of cardWhen you receive the card, you must immediately sign on the card. Youare deemed to have accepted and agreed to this agreement when youretain or use the card or any renewal or replacement thereof.2.3 Return of cardThe card remains our property at all times. You must immediately returnthe card to us upon our request which we may make at any time in ourreasonablediscretion.3.COMBINED CREDIT LIMIT3.1Must not exceed combined credit limitSubject to clause 12.2, you must not use the card such that the currentbalance exceeds your combined credit limit3.2 Calculating if combined credit limit exceededIn calculating whether the combined credit limit has been exceeded,we may take into account the amount of any card transaction whichyou have carried out but which has not been debited to your cardaccount and any proposed card transaction for which we have givenauthorization to a third party.3.3 To pay excess if combined credit limit exceededIf you carry out any card transaction which results in the combinedcredit limit being exceeded, whether with or without our prior consent,you must immediately pay us the amount in excess of the combinedcredit limit in such manner and to such account as we may in ourreasonable discretion direct and we may communicate this direction to3
you by any means we deem fit. We reserve the right, without prejudiceto any of our rights or remedies, to terminate your card account withreasonable notice to you.4.FACILITIES AVAILABLE WITH THE CARD4.1Use during validity periodYou may use the card to carry out card transactions during the validityperiod specified on the card.4.2 Operating card account via TBSWe may, in our absolute discretion, issue without your request a TBSAccess Code to allow you to operate your card account via TBS. Your useor operation of the TBS is subject to the terms and conditions relatingto TBS then prevailing.4.3 Card transaction by mail/telephone/facsimile/electronic mail/internetA request via mail, telephone, facsimile, electronic mail, internet orother means of communication to a merchant for the supply of goodsand/or services to be charged to the card account, whether made orauthorized by you and whether a sales draft, voucher or document issigned by you, is a valid card transaction and we will debit your cardaccount with such card transaction.4.4 Cash advance within given limitYou may obtain cash advances up to such limit as we may determine.4.5 Cash advance subject to fees and chargesEach cash advance obtained is subject to the fees and charges calculatedaccording to clause 7.4.6 Prohibited use of card(a) You must not use the card, and/or otherwise operate the cardaccount to pay the current balance.(b) You shall not use and we will not permit the card to be used toeffect any card transaction which would contravene the laws of anyjurisdiction.5.STATEMENT OF ACCOUNT5.1Sending periodic statement of accountWe will send you a statement of account on a monthly or other periodicbasis as we deem fit but we may not send you a statement of accountfor any period during which your card account is inactive or has beenterminated.5.2 Statement is conclusive and bindingYou must inspect and examine the statement of account and notify us ofany irregularity or error in the statement of account within 10 days fromthe date of the statement of account, failing which the statement ofaccount is conclusive evidence of your liability in respect of the amountsstated therein save for our manifest or clerical error provided that weare entitled, at any time and without liability, to rectify any irregularityor error in the statement of account.6.PAYMENT6.1Current balance debited to card accountWe will debit the current balance to your card account.6.2 Liability for current balanceWithout prejudice to clause 6.5, you are liable to pay the current balanceshown on a statement of account to be outstanding as at the date ofthat statement of account. You may, however, pay less than the specifiedcurrent balance but you must pay at least the minimum payment(calculated according to clause 6.3), which we must receive on or beforethe payment due date.6.3 Minimum Payment and Overlimit AmountMinimum Payment amountThe minimum payment amount is specified in your statement ofaccount and is computed by taking 1% of the current balance plus 1% ofany outstanding unbilled instalment amounts plus all interest charges(including interest for instalment payments) plus late payment chargeor S 50 whichever is greater, plus any overdue amounts. If the currentbalance is less than S 50, the minimum payment amount shall beequivalent to the current balance.Overlimit AmountThe overlimit amount is the outstanding balance (including any unbilledbalances) in excess of customer’s combined credit card limit and mustbe paid immediately. The overlimit amount is in addition to the totalminimum payment amount.4
6.4 Pay interest and charges if current balance not paid in fullIf we do not receive the current balance specified in the statement ofaccount in full on or before the payment due date, you must pay us thefees, interests and charges specified in clause 7.6.5 Pay total outstanding balance upon our demandNotwithstanding and without prejudice to any other terms andconditions of this agreement, you must pay within the period notifiedto you, the current balance upon our demand which we may make atany time.6.6 Payment to be made in fullYou must pay us all sums due under this agreement in full without anydeduction or withholding (whether in respect of set off, counterclaim,taxes, charges or otherwise) unless the deduction or withholding isrequired by law. If a deduction or withholding is required by law, youmust immediately pay us an additional amount so that we receive anamount equal to the full amount which we would have received had nosuch deduction or withholding been made; and you must furnish us anofficial receipt of the relevant authority involved for all amounts sodeducted or withheld.6.7 To pay GSTWithout prejudice to clause 6.6, you must pay, in addition to all othersums payable under this agreement, any goods and services tax(“GST”, which expression includes any tax of a similar nature thatmay be substituted for it or levied in addition to it by whatever namecalled) which may be imposed by law, in respect of any sums payableto or received or receivable by us or any expenses incurred by us inconnection with this agreement (except to the extent prohibited by law);and we will debit the same to your card account.6.8 Payment in Singapore dollarsYou must pay us all sums due under this agreement in Singapore dollars.If we receive a payment in a currency other than Singapore dollars, wewill convert it to Singapore dollars at such time and rate of exchange aswe may in our reasonable discretion adopt in accordance with our usualpractice. You must bear all exchange risks, and reasonably incurredlosses, commission, fees and charges which may thereby arise.6.9 Transactions in Foreign Currencies and Transactions ProcessedOutside Singaporea)Foreign currency transactions(i) Card transactions (including online and overseas transactions)effected in US dollars will be converted into Singapore dollars.Card transactions effected in foreign currencies other than USdollars will be converted to US dollars before being convertedinto Singapore dollars, except for Australian dollars on Visacards which will be converted into Singapore dollars directly.The conversion will take place on the date on which thetransaction is received and recorded by us (“posting date”).The currency conversion will be based on our prevailing foreignexchange rate or an exchange rate determined by VISA orMastercard International depending on whether the conversionis done by us, VISA or Mastercard International.(ii) In addition, the card transaction will be subject to the followingadministrative fees on the converted Singapore dollar amount:an administrative fee of up to 3.25% if processed by VISA orMastercard International or such other rates(s) as determinedby us and notified by you.b)Dynamic Currency Conversion(i) If your card transaction (including online and overseastransactions) is converted into Singapore dollars via dynamiccurrency conversion (a service offered at certain ATMsand merchants which allows a cardmember to convert atransaction denominated in a foreign currency to SingaporeDollars at the point of withdrawal/sale), you acknowledge thatthe process of conversion and the exchange rates applied willbe determined by the relevant ATM operator, merchant ordynamic currency conversion service provider, as the casemay be. You acknowledge that we do not determine whethera card transaction will be converted into Singapore dollars viadynamic currency conversion and, where your card transactionis for a retail purchase, you may have to check with the relevantmerchant whether such conversion was done.5
(ii)c)In addition, the card transaction will be subject to anadministrative fee of 1% levied by VISA or MastercardInternational on the converted Singapore dollar amount if it isa VISA or Mastercard International transaction.Singapore Dollars transactions processed outside SingaporeIf the Singapore Dollars card transaction (including onlinetransactions) is effected:(i) with a local merchant whose payments are processed throughan overseas intermediary; or(ii) with a merchant who is registered as an overseas merchantregardless of its actual location,such card transaction will be subject to administrative fee of 1% onthe transaction amount if the card transaction is processed by VISAor Mastercard International.These charges will be charged on card transactions including but notlimited to any VISA or Mastercard retail card transaction presented inforeign currency that you choose to pay in Singapore Dollars at point-ofsale via dynamic currency conversion or any online VISA or Mastercardretail card transaction in Singapore Dollars which was processed outsideSingapore. You may have to check with the relevant merchant whethersuch transaction was processed outside Singapore.6.10 Refund or creditWe will credit your card account with any refund in respect of a cardtransaction or any payment or other credit due to you at such timeas we may determine in accordance with our usual practice after ourreceipt of the amount of such refund, payment or credit in Singaporeand conversion to Singapore dollars, where necessary, in accordancewith clause 6.8. Any such refund, payment or credit credited to yourcard account shall not be remitted to you unless we otherwise determinebut shall be applied towards the full or partial discharge of the currentbalance.67.INTEREST AND CHARGES7.1(a) If we do not receive full payment of the current balance specified inthe master billing statement of account on or before the payment duedate stipulated therein, the business member must pay daily interestat the retail interest rate of 26.9% per annum and cash interest rateof 26.9% per annum, on:(i) the amount of each unpaid card transaction, or part thereof,listed in the current statement of account, from the date eachsuch card transaction was effected until the date of the currentstatement of account; and(ii) the current balance specified in the statement of account, fromthe date of the statement of account until the day before thedate when we receive payment of the current balance (entirelyor partly); and(iii) the current balance specified in the statement of account lessany partial payment, from the date of such partial payment tothe date of the next statement of account or the date when wereceive full payment of the current balance, whichever is theearlier; and(iv) the amount of each card transaction debited to the card accountafter the date of the statement of account, from the date eachsuch card transaction was effected until the date of the nextstatement of account or the date when we receive full paymentof the current balance, whichever is the earlier.(b) Interest on the amounts set out in clause 7.1(a) shall accrue on a dailybasis and shall be payable monthly, subject to a minimum interestcharge of S 3.00 a month.7.2You must also pay:(a) Late payment chargea monthly late payment charge at a rate(s) determined by us andnotified to you from time to time if we do not receive your fullpayment of the minimum payment amount specified in the statementof account on or before the payment due date; and(b) Annual feea non-refundable annual fee; and(c) Card renewal/replacement feea handling fee for the renewal or replacement of the card; and(d) Handling fee for dishonoured check/payment ordera handling fee of S 25.00 if any check or other payment ordertendered as payment to us is dishonoured for any reason; and
(e) Fee for foreign currency payment tendered to usa handling fee for any foreign currency payment tendered to us; and(f) Interest on cash advance and quasi-cash transactionscash interest is calculated at the rate set out in clause 7.1(a) on eachcash advance or quasi-cash transaction from the date of the cashadvance or quasi-cash transaction, as the case may be, until wereceive full payment; and(g) Cash advance feea cash advance fee in respect of each cash advance you obtainedcalculated at the rate of 6% of the amount of the cash advancesubject to a minimum fee of S 15.00; and(h) Administrative fee for production of documentsan administrative fee for our production or copying at your request,calculated as follows:ItemCharge per copysales draft:(i) current to 6 months oldS statement of account:(i) current to 2 months old(ii) Above 2 months to under 1 year(iii) Above 1 year to 5 years(iv) Beyond 5 yearsFreeS 15.00S 30.00S 100.005.00(i) Service charge/administrative feea service charge or administrative fee for any service or facilityprovided by us or any action taken by us in carrying out any ofyour instructions and/or requests relating to your card account,whether such service or action is referred to or contemplated in thisagreement or otherwise.(j) Overlimit FeeS 40 will be charged on the card with highest balance on thestatement billing date, if the total outstanding balance (includingunbilled balance) of all credit card(s) exceeds customer’s combinedcredit limit on any day within the statement period.(k) Branch Service feeService fee of S 10.70 (inclusive of GST) is charged (on a per accountbasis) for each payment made to your Citi credit card account(s) overthe counter at Citibank branches.7.3Variation of interest and chargesWe are entitled, in our reasonable discretion, to vary or determine, atany time and from time to time, the amounts, rates, types and/or basisof calculation of all interests, fees and charges payable by you underthis agreement after giving reasonable notice. Without prejudice tothe foregoing, such notice of changes of interests, fees and chargesmay be contained in the statement of account, which shall be effectivefrom such date as we may specify. We may debit the same to your cardaccount and/ or request that you pay the same on demand as we maydeem fit.7.4 Payment of interestAll interests and charges provided by this agreement to be payable byyou are calculated on a 365/366 (for leap year)-day year; and payableby you after as well as before judgment.8.PIN AND USE AT ATM8.1Issue of PINWe may in our absolute discretion issue a PIN to you and/or permityou to select or change the PIN via TBS. We may send you the PIN byordinary post at your sole risk.8.2 Not to disclose PINYou must not disclose the PIN and must take all care to prevent the PINfrom being disclosed to any third party.8.3 Liability for all card transactionsSubject to clause 9.3, you are liable for all card transactions effected bythe use of the card at anATM whether with or without your knowledge or authority.8.4 Change/terminating use of PINWe are entitled at our reasonable discretion to change or terminate youruse of the PIN at any time after giving reasonable notice.7
9.LOSS/THEFT/DISCLOSURE9.1Duty to prevent loss, theft and fraudYou must keep the card in a safe and secure place and ensure that thePIN and the TBS Access Code are not disclosed to any third party or keptwith the card and you must take all steps and precaution to prevent anyforgery, fraud, loss or theft in respect of or in relation to the card, thePIN and the TBS Access Code.9.2 Loss/theft/disclosureIf your card is lost, stolen or used by any other person or your PIN and/orTBS Access Code is disclosed to any other person, you must:(a) immediately notify us; and(b) furnish to us a statutory declaration in such form as we will specifyand/ or a police report and/or any other information we may require.9.3 Liability for all card transactionsYou are liable for all unauthorized card transactions, whether they areeffected as a result of the unauthorized use of the card, the PIN and/or the TBS Access Code or otherwise. Notwithstanding the foregoing,your liability for all unauthorized transactions on your card which areeffected prior to you notifying us shall be limited to S 100 provided:(a) you have fully complied with clauses 9.1 and 9.2;(b) you assist in the investigations and recovery; and(c) we are satisfied that such unauthorized card transactions are notdueto your negligence and that you have not acted fraudulently.9.4 Recovery of lost or stolen cardIf the lost or stolen card is recovered, you must immediately return tous the card cut in half without using it. You must not use the PIN and/orthe TBS Access Code after reporting to us that the PIN and/or the TBSAccess Code has been disclosed to a third party.9.5 Issue of new card/PINWe may, in our absolute discretion, issue a replacement card or a newPIN upon such terms and conditions as we may deem fit.10. TERMINATION OF CARD ACCOUNT10.1 Your option to terminateYou may terminate your card account if you:(a) give us notice of termination; and(b) return to us the card cut in half; and(c) pay us the current balance in full (including the amount of anycard transaction which you have carried out but which has notbeen debited to your card account before we receive your card),provided that such termination will only take effect after our receiptof the card, and full payment of the current balance including anyCollected Amount, interest, charges and fees due or funds requiredto be made by Law or Regulation.10.2 Our right of terminationWe are entitled in our reasonable discretion, at any time and aftergiving reasonable notice but without giving any reason and without anyliability, to terminate your card account and/or to demand immediatepayment of the total outstanding balance, whether or not you are indefault of this agreement and whether or not the current balance is due.If we terminate your card account for any reason, you must:(a) immediately return to us the card cut in half; and(b) pay the current balance in full (including such card transaction whichyou have carried out but which has not been debited to your cardaccount before we receive your card).10.3 Our rights not prejudicedOur rights and remedies shall not be determined, affected or prejudicedby, and the current balance shall immediately become due and payablein the event of your bankruptcy, insanity, death or other legal disability,and you or your representative shall be bound to immediately return tous the card cut in half, and pay the current balance in full (including allliabilities incurred by you or notified to us after such occurrence of anyof the foregoing events).10.4 Obligations continueWe will not refund you the annual or other fees in respect of your cardaccount in the event of the termination of the card account by eitherparty and your obligations and liabilities under this agreement willcontinue notwithstanding the termination of your card account byeither party for any reason.8
11.BUSINESS MEMBER11.1Issue of card at business member’s requestIf we issue a card to you at the request of the business member, thisclause 11, in addition and without prejudice to the other terms andconditions of this agreement, applies.11.2 Jointly and severally liableYou and the business member are jointly and severally bound by thisagreement and unless otherwise agreed and notified to you and thebusiness member, jointly and severally liable to us for the currentbalance in connection with your card and/or your card account.11.3 Liabilities not affected by counterclaim/set-offAll undertakings, liabilities and obligations owing to us under thisagreement by you and the business member will not be prejudiced oraffected in any way by any dispute or counterclaim or right of set-offwhich you and the business member may have against each other.11.4 Discharge/waiver of liabilitiesThe discharge or waiver of your liability for any reason will not prejudiceor affect the liabilities or obligations of the business m
CITI CORPORATE CARD CARDMEMBER'S AGREEMENT (PERSONAL LIABILITY) Before you use the Card, please read this agreement thoroughly. By signing on or using the card, you are accepting the terms and conditions of this agreement and will be bound by them. Your use of the card is governed by this agreement (as amended from time to time). 1. DEFINITIONS
