1. What is the Citi Custom Cash Card?

The Citi Custom Cash Card is a credit card offered by Citibank in the Philippines that provides cashback rewards on eligible purchases. The credit limit is typically determined by your monthly income and creditworthiness.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( Monthly\ Income \) — Your gross monthly income in PHP
• \( Factor \) — Multiplier typically between 2-5x depending on credit profile

Explanation: Banks in the Philippines generally offer credit limits that are 2-5 times your monthly income, depending on your credit history and other factors.

3. Importance of Credit Limit Estimation

Details: Understanding your potential credit limit helps in financial planning and ensures you don't apply for cards that may be beyond your income range.

4. Using the Calculator

Tips: Enter your monthly income in PHP and select a factor between 2-5 (3 is average, higher for excellent credit). All values must be valid (income > 0, factor between 2-5).

5. Frequently Asked Questions (FAQ)

Q1: What factors affect my actual credit limit?
A: Besides income, banks consider credit history, existing debts, employment stability, and relationship with the bank.

Q2: Is this calculator accurate for all applicants?
A: This provides an estimate only. Actual limits may vary based on the bank's internal assessment.

Q3: Can I request a higher limit later?
A: Yes, most banks allow limit increases after demonstrating good payment behavior for 6-12 months.

Q4: What's the typical factor for first-time applicants?
A: First-time cardholders usually get 2-3x their monthly income, while established customers may get up to 5x.

Q5: Does this apply to other Citi cards in the Philippines?
A: The calculation method is similar for most Citi cards, but premium cards may have different criteria.