Compare the Best Citibank Credit Cards in Singapore 2018

Updated June 2018

Looking for the best Citibank credit card in Singapore? Compare and find your ideal card with MoneySmart’s easy-to-use credit card comparison tool.

Other Cards
Citi PremierMiles Visa Card
Citi PremierMiles Visa Card

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = Up to 7 Miles

Selected Online Hotel and Flight bookings

  • Get 4 Citi Miles with Apple Pay
  • +1 more

Other Promotions

  • Get S$120 Cashback

Key Features

  • Earn up to 7 Citi Miles per S$1 spent on selected online travel bookings
  • Get up to 4 Citi Miles per S$1 spent on Apple Pay, excludes other promotional earn rates, valid till 31 Jul 2018
  • Receive 10,000 Citi Miles upon membership renewal and payment of annual fee
  • Citi Miles never expire
  • 1 Citi Mile = 1 Mile with over 60 popular airlines like KrisFlyer, Asia Miles, Enrich, Qantas, Qatar

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
Complementary
Fee Waiver
1 year annual fee waiver for basic and perpetual fee waiver for all supplementary cards
Annual Interest Rate
26.90%

Eligibility

Singaporean Minimum Income
$50,000
Non-Singaporean Minimum Income
$50,000
Citi Rewards Card
Citi Rewards Card

S$1= 10X Points

on Bags, Shoes, Clothes (Online + Retail)

S$1 = 1 Point

on All Other Spend

1 Point = 0.4 Miles

Rewards to Miles Conversion

  • Get 20X Rewards Points with Apple Pay
  • +1 more

Other Promotions

  • Get S$120 Cashback

Key Features

  • 20X Rewards Points per S$1 spent on Apple Pay, excludes other promotional earn rates, valid till 31 Jul 2018
  • 10X Rewards (10 points or 4 Miles) for every S$1 spent on Shoes + Bags + Clothes at Online, Retail or Department stores, locally and overseas
  • Enjoy discounts of up to 50% at Foodpanda, Lazada, Zalora, Reebonz, and more
  • S$1 spent = 1 Rewards point (All other spend)

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
First year fee waived for Principal and two (2) Supplementary cards
Annual Interest Rate
26.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$42,000
Citibank SMRT Card
Citibank SMRT Card

5%

Cash Back at Selected Grocery Stores

S$600

Cash Back Cap per year

S$300

Min. Spend per month

  • Get 5% Cash Back with Apple Pay
  • +1 more

Other Promotions

  • Get S$120 Cashback

Key Features

  • Up to 5% savings on Groceries. 2.7% + 2% (for transactions above $50) + 0.3% (if monthly card spend is at least $300)
  • Up to 5% savings on Fast Food, Movies & Coffee. 4.7% + 0.3% (if monthly card spend is at least $300)
  • 5% Cash Back in SMRT$ per S$1 spent on Apple Pay, capped at 600SMRT$ per year, excludes other promotional earn rates, valid till 31 Jul 2018
  • Up to 3% savings on Online Shopping. 2.7% + 0.3% (if monthly card spend is at least $300)
  • Up to 2% EZ-Reload Auto Top-up. 0.3% + 1.7% (If top-up more than $30. If $30 or less, 0.7% awarded instead)
  • Savings awarded in SMRT$. SMRT$ can be redeeemed for cash rebate or vouchers

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
2 years fee waiver for Principal and two (2) Supplementary cards
Annual Interest Rate
26.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$42,000
Citi M1 Card
Citi M1 Card

Up to 10%

Cash Back on Recurring M1 Bills

S$30

Cash Back Cap per month

S$300

Min. Spend per month on Recurring M1 Bills

Key Features

  • Up to 24GB FREE additional data each month for a year
  • Up to 10% Citi Rebate on M1 recurring bills
  • 0.3% Citi Rebate on overseas & local spend
  • Up to 1% Citi Rebate on purchases at M1 stores

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year fee waiver for Principal and two Supplementary Cards
Annual Interest Rate
26.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$42,000
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The Best Credit Card for You? 3 Steps to Help You Decide

The best credit card for you depends on your lifestyle and regular spending habits. Here are 3 steps to help you decide which credit card is best for you.

Step 1

Find a card that fits your spending habits

Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and spend a lot on dining out, then it makes sense to get a card with double rewards points for eating out and useful perks like 1-for-1 deals at restaurants.

Step 2

Plan how to use your credit card benefits

Credit cards come with a whole plethora of benefits for cardholders. You’ll need to narrow things down by focusing on the benefits that you would actually use. Do you want to collect air miles and fund your upcoming travels? Or accumulate points for shopping vouchers? Or would you rather enjoy cash rebates? This is a deeply personal matter, so it’s worth considering how you like to be rewarded.

Step 3

Check the Terms & Conditions

Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Be sure to ask a bank rep to clarify if you don’t see answers anywhere.

Common Credit Card Fees

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2-4% of the amount transferred.

Cash Advance Fees

Some credit cards allow you to withdraw cash from ATMs, using your credit line. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance.

Foreign Transaction Fees

Charged for transactions processed outside of Singapore, whether while you’re travelling or making an online purchase. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

Did you know?

Paying the Minimum Balance Can Be Very Costly

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Your Credit Card Behaviour Affects Your Credit Score

If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behaviour” with your credit card can come back to haunt you in the form of a bad credit score.

More From The MoneySmart Blog

Check out our blog for more personal finance tips and insights.

Frequently Asked Questions

How do credit cards work?

A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly (or be subject to unpleasant penalties and interest fees). The biggest payment networks are MasterCard, VISA and American Express, but do note that merchants may not accept all types.

How do I apply for a credit card?

Simply fill out an application online or at a bank branch and submit the required documents such as proof of income. After approval, the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card as well as sign on the back.

What’s the difference between debit cards and credit cards?

Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later.

How to prevent credit card fraud?

There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Make use of credit card alerts, monitor your transactions closely, be wary of phishing scams and don’t make it easy for others to get hold of your credit card information.

What should I do with my credit card statement?

It might not be the most fun thing to read, but it IS super important to understand your credit card statement. So don’t throw it away without checking it. Of course, after reading the statement you will have to pay your bill – typically through online banking, though some people use ATMs, SAMs, AXS machines or go to the bank in person.