If you’re looking for a credit card that offers unlimited cashback on all your spending, the Citi Cash Back Plus Card might be just what you need. This card has been gaining popularity among Singaporeans due to its straightforward rewards program.
Unlike other cashback cards that only offer higher cashback rates on specific categories, the Citi Cash Back+ Card offers a flat 1.6% cashback on all spending, with no minimum spending required.
But is the Citi Cash Back+ Card really worth it? How does it compare to other cashback cards in the market? In this article, we’ll take a closer look at the key features of the Citi Cash Back+ Card and compare it with other popular cashback cards in Singapore.
We’ll also help you understand the charges and fees associated with the card, the eligibility criteria, and the application process. Plus, we’ll share some tips on how to maximise your cashback rewards and highlight some of the other benefits you can enjoy with the card.
Key Takeaways
- The Citi Cash Back+ Card offers a flat 1.6% cashback on all spending, with no minimum spending required.
- Compared to other popular cashback cards in Singapore, the Citi Cash Back+ Card has a simple and straightforward rewards program.
- Understanding the charges and fees associated with the card, the eligibility criteria, and the application process can help you decide if the Citi Cash Back+ Card is the right card for you.
Key Features of Citi Cash Back Plus Card
If you’re looking for a cashback credit card that gives you unlimited cash rebates with no minimum spend, then the Citi Cash Back+ Card is worth considering. Here are some of the critical features of this card that make it stand out from other cashback cards:
Unlimited 1.6% Cashback
One of the main selling points of the Citi Cash Back+ Card is its unlimited 1.6% cashback rate on all purchases across all online shopping and lifestyle categories. This means you can earn cashback on everything from groceries to dining out to entertainment and travel. And with no cap on the amount of cashback you can earn, the more you spend, the more you save.
No Minimum Spend Requirement
Unlike other cashback cards that require you to spend a certain amount before you can earn cashback, the Citi Cash Back+ Card has no minimum spend requirement. This means you can earn cashback on every purchase, no matter how small.
No Cap on Cashback Earned
Another great feature of the Citi Cash Back+ Card is that there’s no cap on the amount of cashback you can earn. This means you can make as much cashback as you want without worrying about hitting a limit.
Overall, the Citi Cash Back+ Card is an excellent choice for anyone looking for a straightforward cashback credit card that offers unlimited cash rebates with no minimum spend and no cap on cashback earned.
Citi Cash Back Plus: Comparative Analysis with Other Cashback Cards
If you’re looking for a cashback credit card, you may be wondering how the Citi Cash Back+ card stacks up against other competitive cashback credit cards. Here’s a quick comparison of the Citi Cash Back+ card with other popular cashback cards in Singapore.
Citi Cash Back+ vs. UOB One Card
The UOB One Card offers up to 5% cashback on all spending, with a minimum spend of S$2,000 per month. However, the cashback is tiered, meaning you’ll need to spend more to earn higher cashback rates.
On the other hand, the Citi Cash Back+ card offers a flat 1.6% cashback on all spending, with no minimum spend required. If you’re looking for a straightforward cashback card with a competitive cashback rate, the Citi Cash Back+ card may be a better option for you.
Citi Cash Back+ vs. Maybank FC Barcelona
The Maybank FC Barcelona card offers up to 1.6% unlimited cashback on all spending, with no minimum spend required. However, the cashback rate is only 0.8% for spending below S$500 and 1.2% for spending between S$500 and S$1,000.
The Citi Cash Back+ card offers a flat 1.6% cashback on all spending, with no minimum spend required. If you want a card with a higher cashback rate and no tiered cashback system, the Citi Cash Back+ card may be a better choice.
Citi Cash Back+ vs. American Express True Cashback Card
The American Express True Cashback Card offers up to 3% cashback on all spending, with no minimum spend required. However, the cashback rate is tiered, meaning you’ll need to spend more to earn higher cashback rates.
The Citi Cash Back+ card offers a flat 1.6% cashback on all spending, with no minimum spend required. If you’re looking for a card with a higher cashback rate and don’t mind a tiered cashback system, the American Express True Cashback Card may be a better option for you.
Overall, the Citi Cash Back+ card offers a competitive cashback rate and a straightforward cashback system with no minimum spend required. However, if you’re looking for a card with a higher cashback rate and don’t mind a tiered cashback system, other cards like the American Express True Cashback Card may be a better choice for you.
Citi Cash Back Plus: Understanding the Charges
When it comes to credit cards, understanding the charges and fees is important to avoid any surprises on your bill. In this section, we will go over the charges and expenses associated with the Citi Cash Back Plus card.
Annual Fee and Waivers
The Citi Cash Back Plus card has an annual fee of $196.20 (incl. 9% GST) for the primary cardholder. However, the annual fee is waived for the first year. For subsequent years, the annual fee can be waived if you spend a minimum of $10,000 in the previous year. Additionally, the yearly fee for supplementary cards ranges from $15 to over $100.
Foreign Currency Transaction Fee
When you use your Citi Cash Back Plus card for transactions in foreign currencies, a foreign currency transaction fee of 3.25% of the transaction amount will be charged. This fee is applicable for both online and offline transactions.
Late Payment Charges
If you miss your payment due date, a late payment charge of $100 will be imposed. Additionally, interest will be charged on the outstanding balance at the prevailing interest rate of 26.9% p.a. (subject to compounding if the due balance is not paid in full).
It is important to note that if you have an outstanding balance of more than your credit limit, an over-limit fee of $40 will be charged. Furthermore, if you withdraw cash using your Citi Cash Back Plus card, a cash advance fee of 6% of the amount withdrawn or $15 (whichever is higher) will be charged.
In summary, the Citi Cash Back Plus card has an annual fee that can be waived if you meet specific spending requirements, a foreign currency transaction fee of 3.25%, and a late payment charge of $100. To avoid any additional fees, it is important to make timely payments and stay within your credit limit.
Citi Cash Back Plus: Eligibility and Application Process
If you are interested in applying for the Citi Cash Back Plus credit card, you need to meet certain eligibility criteria and follow the application process. Here’s what you need to know:
Citi Cash Back Plus: Income Requirement and Documentation
To be eligible for the Citi Cash Back Plus credit card, you need to have a minimum annual income of SGD 30,000. You will also need to provide the following documents:
- For Singapore citizens and permanent residents (PRs): Your NRIC (front and back) and CPF statement
- For foreigners: Your passport, employment pass, and income tax notice of assessment or computerised payslip
Application Steps for Singapore Citizens and Foreigners
If you are a Singapore citizen or PR, you can apply for the Citi Cash Back Plus credit card online or at any Citibank branch. Here are the steps:
- Visit the Citibank website and click on “Credit Cards”.
- Select the Citi Cash Back Plus credit card and click on “Apply Now”.
- Fill in your personal and financial details, and upload the required documents.
- Review and submit your application.
If you are a foreigner, you can only apply for the Citi Cash Back Plus credit card at a Citibank branch. Here are the steps:
- Visit any Citibank branch with your passport, employment pass, and income tax notice of assessment or computerised payslip.
- Fill in your personal and financial details, and submit the required documents.
- Wait for your application to be processed.
Once your application is approved, you will receive your Citi Cash Back Plus credit card within 7-10 working days.
Citi Cash Back Plus: Maximising Your Rewards
If you have the Citi Cash Back Plus card, you can enjoy unlimited cashback on all your eligible retail spend, with no minimum spend required. Here are a few tips to help you maximise your cashback rewards:
Optimising Spending Categories
The Citi Cash Back Plus card offers a flat 1.6% cashback rate on all spending categories, including online shopping and lifestyle categories. To optimise your cashback rewards, you should consider using your Citi Cash Back Plus card for all your purchases, especially for the spending categories that you frequently spend on.
Leveraging Promotions and Merchant Offers
Citi regularly offers promotions and merchant offers that can help you earn more cashback rewards. To take advantage of these promotions, you should keep an eye out for the latest offers and ensure that you use your Citi Cash Back Plus card for qualifying spend.
Some of the current promotions and merchant offers include:
- Up to 10% cash back on dining, groceries, and petrol at selected merchants
- Up to $200 cashback when you apply for a Citi Credit Card and spend a minimum of $200 within the first 30 days of card approval
By leveraging these promotions and merchant offers, you can maximise your cashback rewards and enjoy even more savings.
Overall, with the Citi Cash Back Plus card, you can enjoy unlimited cashback on all your eligible retail spending, with no minimum spending required. By optimising your spending categories and leveraging promotions and merchant offers, you can maximise your cashback rewards and enjoy even more savings.
Citi Cash Back Plus: Benefits Beyond Cashback
If you’re looking for a credit card that offers more than just cashback, the Citi Cash Back+ card is definitely worth considering. Here are some of the benefits that you can enjoy beyond cashback:
Complimentary Travel Insurance
With the Citi Cash Back+ card, you can enjoy complimentary travel insurance coverage of up to S$1 million when you charge your travel tickets to your card. This coverage includes travel inconvenience benefits such as trip cancellation, trip curtailment, trip postponement, and baggage delay.
In addition, you’ll also be covered for accidental death and disablement, medical expenses, and emergency medical evacuation.
Exclusive Mastercard Privileges
As a Citi Cash Back+ cardholder, you’ll also enjoy exclusive Mastercard privileges such as Mastercard PayPass, which allows you to make contactless payments for purchases below S$100. You’ll also get access to Mastercard’s Priceless Cities programme, which gives you exclusive offers and experiences in some of the world’s most exciting cities. Plus, you’ll enjoy discounts and privileges at over 1,000 merchants across Singapore with Citi World Privileges.
Overall, the Citi Cash Back+ card offers a range of benefits beyond cashback that make it an excellent choice for anyone looking for a credit card that offers more. Whether you’re looking for travel insurance coverage or exclusive Mastercard privileges, the Citi Cash Back+ card has got you covered.
Citi Cash Back Plus: The Common Questions
Understanding the Cashback Cap and Exclusions
You might be wondering about the cashback cap and exclusions when using the Citi Cash Back+ Card. The good news is that there’s no minimum spend required, and there’s also no cap on the cash back you can earn. This means you can enjoy unlimited cashback on your everyday spending, whether it’s on dining, groceries, or other essentials. However, it’s important to review the terms and conditions to understand any specific exclusions that may apply to certain categories or merchants.
Managing Payments and Interest-Free Period
When it comes to managing your payments and making the most of the interest-free period, the Citi Cash Back+ Card offers flexibility and convenience. You have the option to make bill payments through various channels, including online banking, mobile banking, and more. Additionally, you can take advantage of the interest-free period on purchases, giving you the freedom to spread out your payments without incurring additional interest charges. It’s essential to stay informed about the terms and conditions related to bill payments and the interest-free period to make the most of these benefits.
Frequently Asked Questions
What are the key differences between Citi Cashback and Citi Cashback Plus cards?
The main difference between the two cards is that the Citi Cashback Plus card offers unlimited cashback of 1.6% on all purchases, with no minimum spending and no cashback cap, while the Citi Cashback card offers cashback of up to 8% on dining, groceries, and petrol with a minimum total spend of $888 each month.
So, if you are looking for a no-frills credit card that offers cashback on all your purchases, the Citi Cashback Plus card might be the better option for you.
How can I avoid foreign transaction fees with my Citibank Cashback Plus card?
To avoid foreign transaction fees with your Citibank Cashback Plus card, you can make sure to use your card only for transactions in Singapore dollars. If you need to make a transaction in a foreign currency, you can consider using a different credit card that does not charge foreign transaction fees.
Are there any annual fees associated with the Citi Cashback Plus card?
No, there are no annual fees associated with the Citi Cashback Plus card. This means that you can enjoy unlimited cashback on all your purchases without having to worry about any additional fees.
What should I know about the insurance benefits provided by the Citibank Cashback Plus?
The Citibank Cashback Plus card offers a range of insurance benefits, including travel accident insurance, medical assistance, and purchase protection.
However, it is essential to note that these benefits are subject to terms and conditions, so you should read the fine print carefully to understand what is covered and what is not.
How can I redeem my cashback with Citibank effectively?
To redeem your cashback with Citibank effectively, you can consider setting up an automatic redemption option. This will ensure that your cashback is automatically credited to your account every month, so you don’t have to worry about manually redeeming it.
What strategies can I employ to maximise my cashback rewards with Citibank?
To maximise your cashback rewards with Citibank, you can consider using your Citibank Cashback Plus card for all your purchases, including your daily expenses and big-ticket items. You can also keep an eye out for promotions and special offers that can help you earn even more cashback on your purchases.
Additionally, you can consider pairing your Citibank Cashback Plus card with other credit cards that offer rewards in different categories, such as dining or travel, to maximise your overall rewards.
