Citi Cash Back+ Mastercard®
Citi Cash Back+ Mastercard®
- 1.6%
- Cash Back on Eligible Spend
- S$0
- Min. Spend per month
- Unlimited
- Cash Back Cap per month
[6 Weeks Faster Gift Redemption* | SmartRewards | Your Points, Your Choice 🫵]
Apply and spend a min. of S$500 in "Qualifying Spends" within 30 days from the card approval date and enjoy the ultimate flexibility to CHOOSE ANY GIFT at our Rewards Store, including:
1. Apple iPad Wi-Fi 9th Generation, 64GB (5,040 SmartPoints)
2. Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints)
3. Nintendo Switch OLED (5,000 SmartPoints)
OR any other combination of gifts available in the Rewards Store, by earning 5,100 SmartPoints.
Alternatively, you can also choose S$300 Cash via PayNow. T&Cs apply
Are you eligible?
Promotion is valid from 01-November-2023 to 30-November-2023
Applicable for New-to Citibank Cardmembers only
Customers need to apply through MoneySmart to be eligible
What you need to know
Log into your MoneySmart account and submit your claim by 30th December 2023
*Faster Rewards Redemption: Receive your Reward as fast as 6 weeks from meeting the "Eligible Spends" criteria. T&Cs Apply.
Charge S$500 in eligible transactions within the first 30 calendar days from the Credit Card approval date to qualify for your SmartPoints.
Get S$300 Cash via PayNow as your reward
OR Earn 5,100 SmartPoints which can be used to redeem any product from the Rewards Store here.
Use SmartPoints earned to redeem: Apple iPad Wi-Fi 9th Gen, 64GB (5,040 SmartPoints) OR Nintendo Switch OLED (5,000 SmartPoints) OR Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints) AND many other products!
SmartPoints will be credited into your SmartPoints Wallet with a validity period of 60 days. T&Cs apply.
For more information regarding SmartPoints, refer to our FAQ here.
Use Citi PayAll which allows you to earn Citi Miles, Citi ThankYou PointsSM or Cash Back when you pay your rent, insurance premiums, education expenses, taxes, utilities and more.
MoneySmart exclusive rewards do not stack with external or third party promotions, unless otherwise stated. See T&Cs for details.
All Details
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Citi Cash Back+ Credit Card Review 2023
For more than a century, Citibank Singapore, a wholly-owned subsidiary of Citigroup, has been providing wealth management products and services, including investments, insurance, deposits and treasury products.
Having over $4.1 billion in total assets (as per its latest 2021 annual report), Citibank has a selection of credit cards for you to choose from, and Citi Cash Back+ credit card is one of their best cards for cash back benefits. Let's find out if this card is suitable for you as we consider the requirements, pros and cons and more.
Pros & Cons Of Citi Cashback+ Card
| Pros | Cons | |
|---|---|---|
| Minimum of 1.6% cash back daily | Interest rate of 27.9% per annum | |
| No minimum spend required | Basic sign-up fee of S$194.40 inclusive of 8% GST (first year waiver available) | |
| No cap on cash back earned | Cash advance charges of $15 or 6% of the withdrawn amount | |
| Bonus cash back of 0.4% on spending (for Citi Plus customer) | ||
| Ease of redeeming cash back for cash rebate via SMS | ||
| Up to $1 million of travel coverage when if travel tickets are charged to your Citi Cash Back+ credit card | ||
| Convenient online application with SingPass | ||
| Open to Singapore Citizens, PRs and foreigners with a Singapore Employment Pass aged 21 and above | ||
| Lifestyle privileges such as dining and shopping discounts |
Citi Cash Back+ Credit Card Requirements
| Singapore Citizens / PRs | Foreigners / Expats | |
|---|---|---|
| Age | 21 and above | 21 and above |
| Income | $30,000 | $42,000 |
| Documents required | For salaried employees:
For self-employed:
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Citi Cash Back+ Credit Card Application
Here are 3 simple steps to apply for the Citi Cash Back+ Card
Apply via MoneySmart’s Credit Cards page
You may begin your application by clicking on our Citi Cash Back+ Card application link.
When you choose to apply online or through the Citi Mobile App and via SingPass MyInfo, Citibank will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Provide all documentation required
You'll need to provide all the necessary documentation in order for Citibank to approve your personal loan application. This list of documents include:
- NRIC or other identification details
- Latest computerised payslip
- Latest 12 months' CPF Contribution History Statement
- Latest Income Tax Notice of Assessment (NOA)
Receive your Citi Cash Back+ Card
You’ll be able to activate your Citi Cash Back+ Card instantly through the Citi Mobile® App and be invited to enter your 6-digit Unlock Code to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your cash back rewards with your Citi Mobile® App!
Compare Citi Cash Back+ Card vs. SCB Smart Credit Card vs. CIMB World Mastercard
Besides the Citi Cash Back+ Card, the Standard Chartered Bank (SCB) Smart Credit Card and CIMB World Mastercard are also among the other popular options you would have come across on MoneySmart's online credit card comparison wizard. Let's pit these 3 credit cards against one another to have a closer look at their requirements and benefits.
The key factors which we'll look at are interest rates, annual fees, minimum annual income requirements and cash back benefits.
Among the 3 credit cards, the Citi Cash Back+ Card is the most convenient for spending on any category as you do not have to worry about checking on what type of purchases will entitle you to cash back. As long as you spend with your Citi Cash Back+ Card, there is at least a 1.6% cash back for you.
If you're looking for a higher percentage of cash back on certain types of purchases then the SCB Smart Credit Card may be a more apt option with its 6% cashback on everyday spend at selected merchants across fast food dining, coffee and toast, digital subscriptions and transportation.
When it comes to interest rates, the Citi Cash Back+ Card and SCB Smart Credit Card charge the highest interest rates of 27.90% and 29.90% respectively, and the Citi Cash Back+ Card even has an initial annual fee of $199. However, the SCB Smart Credit Card offers one of the lowest interest rates among the 3 credit cards here, which can go as low as 23.90%.
Do note that all 3 credit cards require a minimum annual income requirement of $30,000 for Singaporeans and PRs. The Citi Cash Back+ Card is the most attractive option among the three cards for foreigners drawing annual salaries which are lower than $60,000.
Comparisons Between Citi, SCB and CIMB Credit Cards
| Citi Cash Back + Card | SCB Smart Credit Card | CIMB World Mastercard |
|---|---|---|
Interest rate: | Interest rate: 23.90% to 29.90% | Interest rate: 25.90% |
| Annual fee: $194.40 for Year 1 (First year waiver available) | Minimum annual income: $30,000 for Singaporeans and PRs $60,000 for foreigners | Minimum annual income: $30,000 for Singaporeans and PRs Foreigners are not eligible to apply. |
Cash back benefits:
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Frequently Asked Questions
Are there any fees if I apply for the Citi Cash Back+ Credit Card?
- Citibank charges an initial annual fee of $194.40, and the other fees range from $15 to over $100, depending on whether it is a supplementary card annual fee, late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee or others that apply.
How do I apply for a Citi Cash Back+ Credit Card?
- You can apply for the Citi Cash Back+ Credit Card in 3 simple steps. 1. Click “Apply Now” on the Citi Cash Back+ Credit Card option on MoneySmart’s credit card page 2. Provide your NRIC or other identification details, latest computerised payslip, latest 12 months’ CPF Contribution History Statement, and latest Income Tax Notice of Assessment (NOA) 3. Receive your Citi Cash Back+ Credit Card or activate it immediately via the Citi Mobile App.
Am I eligible for the Citi Cash Back+ Credit Card?
- If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the Citi Cash Back+ Credit Card, as long as you’re aged 21 and above, and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $42,000 (for foreigners).
If I’m late for my monthly Citi Cash Back+ Credit Card bill payment, how much do I have to pay?
- Late payment charge is S$100 and additional interest will be calculated on a daily basis at the most updated EIR determined by Citibank at the point of your late payment.
What are the cash back benefits of a Citi Cash Back+ Credit Card?
The benefits include:
- Minimum of 1.6% cash back daily
- No minimum spend required
- No cap on cash back earned
- Bonus cash back of 0.4% on spending (for Citi Plus customer)
- Ease of redeeming cash back for cash rebate via SMS