The Citi Cash Back Card in Singapore offers an array of benefits that make it a popular choice among Singaporeans. With its attractive cashback rates and rewards, this credit card is designed to maximise your savings on everyday expenses. Understanding the key features and eligibility criteria of the Citi Cash Back Card is essential to make the most of its benefits.
When reviewing the Citi Cash Back Card, you will discover its competitive cashback rates on dining, groceries, and petrol, making it an ideal choice for those looking to earn rewards on their daily spending. Additionally, the card’s low annual fee and easy application process make it an appealing option for individuals seeking a practical and rewarding credit card. Familiarising yourself with the fees and charges associated with the Citi Cash Back Card can help you manage your finances effectively and maximise your benefits.
Key Takeaways
- The Citi Cash Back Card in Singapore offers competitive cashback rates on dining, groceries, and petrol, making it a practical choice for everyday spending.
- Understanding the eligibility criteria and fees associated with the card is crucial to maximise its benefits and manage your finances effectively.
- With its low annual fee and straightforward application process, the Citi Cash Back Card presents an enticing option for those seeking a rewarding credit card in Singapore.
Key Features of Citi Cash Back Card
If you’re looking for a credit card that rewards you for your everyday spending, the Citi Cash Back Card is a great option. Here are some of the key features that make this card stand out:
Generous Cashback Rates
With the Citi Cash Back Card, you can earn up to 8% cashback on your spending. This is one of the highest cashback rates available in Singapore. The cashback is earned on a range of spending categories, including dining, groceries and petrol.
Diverse Spending Categories
The Citi Cash Back Card offers cashback on a diverse range of spending categories, making it a versatile card for everyday use. You can earn cashback on dining, groceries, petrol, and more. This makes it a great option for families or individuals who spend on a variety of different things.
Promotions and Discounts
Citi regularly offers promotions and discounts to its cardholders. These can include cashback boosts, discounts at specific merchants, and more. Keep an eye on the Citi website or app to stay up to date on the latest promotions.
Overall, the Citi Cash Back Card is an excellent choice if you’re looking for a credit card that rewards you for your everyday spending. With generous cashback rates, diverse spending categories, and regular promotions and discounts, this card is sure to help you save money. Just make sure to keep an eye on the cashback cap to ensure you’re getting the most out of your spending.
Understanding Cashback Benefits
When it comes to the Citi Cash Back Card, you can enjoy a range of exciting cashback benefits that make your everyday spending more rewarding.
Cashback on Daily Essentials
With the Citi Cash Back Card, you can earn up to 8% cashback on your daily essentials such as groceries and petrol. This means that every time you top up your fuel at selected petrol stations like Shell or Esso, you’re getting cash back in your pocket, making your daily commute more rewarding.
Fuel Savings with Petrol Stations
The Citi Cash Back Card offers you the opportunity to save on fuel expenses, which is especially beneficial for families or individuals who frequently use their vehicles for commuting or leisure. This feature is particularly advantageous for those who rely on their cars for daily transportation.
Dining and Entertainment Perks
When it comes to dining and entertainment, the Citi Cash Back Card provides an attractive cashback offer, making your family outings and online purchases more rewarding. Whether you’re dining out or enjoying entertainment activities, this card allows you to earn cashback on these expenses, adding value to your leisure experiences.
Fees and Charges
When it comes to credit cards, fees and charges can add up quickly. It’s important to understand what you’re getting into before signing up for any card. Here’s what you need to know about the fees and charges associated with the Citi Cash Back Card in Singapore.
Annual Fee and Waivers
The annual fee for the Citi Cash Back Card is S$192.60. However, the first-year annual fee is waived. This means that you won’t have to pay anything for the first year of card membership. After that, you’ll be charged the annual fee on your card anniversary date.
Other Potential Costs
In addition to the annual fee, there are other potential costs associated with the Citi Cash Back Card. These include:
- Overlimit fee: S$40
- Late payment charge: S$100 or 5% of the minimum payment due, whichever is higher
- Cash advance fee: S$15 or 6% of the amount drawn, whichever is higher
- Foreign currency transaction fee: 3.25%
It’s important to note that these fees and charges can add up quickly if you’re not careful. For example, if you miss a payment and are charged the late payment charge, you could end up paying a lot more in interest and fees over time. Similarly, if you use your card to withdraw cash, you’ll be charged the cash advance fee, which can be quite high.
Overall, the fees and charges associated with the Citi Cash Back Card are fairly standard for a credit card. However, it’s important to read the fine print and understand exactly what you’re getting into before signing up for any credit card. With the right knowledge and careful use of your card, you can avoid most of these fees and charges and enjoy the benefits of cash back rewards.
Eligibility and Application
Qualifying Criteria
To be eligible for the Citi Cash Back Card, you must meet the following criteria:
- You must be a Singapore citizen, Permanent Resident or a foreigner with a valid Singapore Employment Pass
- You must be at least 21 years old
- You must earn a minimum annual income of S$30,000 if you are a Singaporean or Permanent Resident and S$42,000 if you are a foreigner
- You must have a good credit score
Application Process
If you meet the qualifying criteria, you can apply for the Citi Cash Back Card online or in-person at a Citibank branch. To apply, you will need to provide the following documents:
- Your NRIC or passport
- Your latest CPF statement
- Your latest Income Tax Notice of Assessment
- Your latest bank statements
During the application process, you will need to provide information about your income, employment, and other personal details. Citibank will use this information to assess your creditworthiness and determine if you qualify for the card.
Once your application is approved, you will receive your Citi Cash Back Card in the mail within 7-10 business days. You can activate your card by following the instructions provided in the welcome kit.
Overall, the application process for the Citi Cash Back Card is straightforward and can be completed in a matter of minutes. If you meet the qualifying criteria and are looking for a credit card that offers cashback on everyday purchases, the Citi Cash Back Card could be a great option for you.
Rewards and Additional Benefits
As a Citi Cash Back Cardholder, you are entitled to a range of exclusive privileges and benefits. Here are some of the rewards and additional benefits that you can enjoy:
Exclusive Cardholder Privileges
As a Citi Cash Back Cardholder, you can enjoy exclusive discounts and offers at over 500 merchants in Singapore. Some of the deals include discounts on dining, shopping, travel, and entertainment. You can also enjoy up to 20% off your total bill at participating restaurants.
Travel and Insurance Coverages
The Citi Cash Back Card comes with complimentary travel insurance coverage of up to S$1,000,000 when you charge your travel fares to the card. This coverage includes personal accident insurance, travel inconvenience insurance, and travel cancellation insurance.
In addition to travel insurance, the card also offers a range of other insurance coverages, including purchase protection insurance, extended warranty insurance, and more. These coverages can help protect your purchases and give you peace of mind when shopping.
Cash Rebate
One of the most exciting benefits of the Citi Cash Back Card is the cash rebate. You can earn up to 8% cash rebate on your dining, groceries, and petrol spend with a minimum spend of S$800 per month. The cash rebate will be automatically credited to your account, making it easy and hassle-free to enjoy the rewards of your spending.
Mastercard
The Citi Cash Back Card is a Mastercard, which means you can enjoy the benefits and privileges that come with being a Mastercard holder. These benefits include access to exclusive events, discounts on travel and shopping, and more.
In conclusion, the Citi Cash Back Card offers a range of rewards and additional benefits that can help you save money and enjoy exclusive privileges. With cash rebates, insurance coverages, and exclusive deals, this card is a great choice for anyone looking for a credit card that offers more than just basic spending power.
Comparative Analysis
Citi Cash Back Card vs Competitors
When it comes to cashback credit cards in Singapore, the Citi Cash Back Card is a strong contender. With up to 8% cashback on dining, groceries, and petrol, it is one of the best cashback credit cards in the market. However, how does it compare to other competitors?
One of the Citi Cash Back Card’s main competitors is the UOB One Card. While the UOB One Card offers up to 5% cashback on all spend, it requires a minimum spend of $500 per month to qualify for the cashback. In contrast, the Citi Cash Back Card only requires a minimum spend of $800 per month to earn up to 8% cashback on dining, groceries, and petrol.
Another competitor is the Maybank Family & Friends Card, which offers up to 8% cashback on groceries, transport, and dining. However, the cashback is capped at $80 per month, whereas the Citi Cash Back Card has no cap on the cashback earned.
Additionally, the CIMB Visa Signature and American Express True Cashback Card offer up to 10% and 3% cashback respectively, but only on specific categories. In contrast, the Citi Cash Back Card offers up to 8% cashback on dining, groceries, and petrol, which are common spending categories for most people.
Market Positioning of Citi Cash Back Card
The Citi Cash Back Card is positioned as one of the best cashback credit cards in Singapore, and for good reason. With up to 8% cashback on dining, groceries, and petrol, it offers competitive cashback rates that are hard to beat.
Compared to the average cashback card, which offers only 3% to 5% rebates at best, the Citi Cash Back Card’s up to 8% cashback is a great deal. Additionally, the card has no cap on the cashback earned, making it a great option for those who spend a lot in the designated categories.
Overall, the Citi Cash Back Card is a strong contender in the market of best cashback credit cards in Singapore. Its competitive cashback rates and lack of cashback cap make it an attractive option for those looking to earn cashback on their everyday spending.
Conclusion
Congratulations! You have learned all about the Citi Cash Back Card and how it can benefit you and your family in Singapore. This card is one of the best cashback credit cards available in Singapore, offering up to 8% cashback on dining, groceries, and petrol when you spend at least S$800 each month.
By using the Citi Cash Back Card, you can earn cashback rewards on your everyday spending, which can add up to significant savings over time. Plus, with no minimum spend required, you can enjoy these rewards even if you don’t spend a lot each month.
Overall, the Citi Cash Back Card is an excellent choice for anyone looking for a hassle-free way to earn cashback rewards on their daily spending. Whether you’re a foodie who loves dining out, a busy parent who needs to stock up on groceries, or a driver who needs to fill up on petrol, this card has got you covered.
So what are you waiting for? Apply for the Citi Cash Back Card today and start earning cashback rewards on your everyday spending!
Frequently Asked Questions
What smashing benefits can one enjoy with the Citibank Cash Back Card?
The Citibank Cash Back Card is one of the best cashback credit cards in Singapore, offering up to 8% rebates on dining, groceries, and petrol purchases if you spend at least S$800 each month. The rebates earned will automatically be credited as cashback, which is great for those looking for a fuss-free card. In addition, there is no minimum spend required to earn cashback, and no cap on the amount of cashback you can earn.
How can I get my Citibank Cash Back Card’s annual fee waived, and is it a complicated process?
Citibank offers various ways to get your annual fee waived for the Citibank Cash Back Card. One way is to spend a minimum of S$10,000 per year on your card, while another way is to sign up for a supplementary card and spend at least S$3,000 on it within the first three months. Alternatively, you can call Citibank’s customer service hotline to inquire about other available options. The process is generally straightforward, and Citibank’s customer service representatives are always ready to assist you.
In what ways does the Citi Cash Back+ Mastercard outshine its competitors in Singapore?
The Citi Cash Back+ Mastercard is a great option for those who want to earn cashback on all their spending, not just in specific categories. With a minimum of 1.6% cashback daily, no minimum spend required, and no cap on cashback earned, the Citi Cash Back+ Mastercard is one of the most generous cashback credit cards in Singapore. In addition, Citi Plus customers can enjoy an extra 0.4% bonus cashback on their spending.
Are there any particular spends that don’t qualify for cashback with the Citibank Cashback Plus card?
While the Citibank Cashback Plus card offers cashback on most spending, there are a few exceptions. Cash advances, balance transfers, and instalment plans do not qualify for cashback. In addition, transactions made in foreign currencies will be subject to a foreign transaction fee.
How does the foreign transaction fee for the Citibank Cashback Plus card compare to others?
The foreign transaction fee for the Citibank Cashback Plus card is 3.25%, which is higher than some other cashback credit cards in Singapore. However, this fee is still lower than what some other banks charge, and Citibank’s cashback rates may make up for the higher foreign transaction fee.
Is it truly beneficial to opt for a cashback credit card, and how does the Citi Cash Back Card measure up?
Cashback credit cards can be a great way to earn rewards on your spending, especially if you use your card frequently. The Citi Cash Back Card is a great option for those who spend a lot on dining, groceries, and petrol, as it offers high cashback rates in these categories. However, it’s important to note that cashback credit cards may not be the best option for everyone, and you should always consider your spending habits and financial goals before applying for a credit card.
