Citi Rewards Card
Citi Rewards Card
- S$1= 10X Points
- on Online & Shopping Purchases
- S$1= 1X Point
- for all other purchases
- 10X Points = 4 Miles
- Rewards Conversion
All Details
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Citi Rewards Credit Card Benefits 2024
Citibank's Citi Rewards Credit Card has been around for a couple of years and serves as one of the primary cards offered by the bank for spenders seeking to accumulate points within the Citi Rewards Programme. It used to be issued as a Visa credit card, but the current Citi Rewards Card has since migrated to the Mastercard network.
This card allows you to accumulate Citi Rewards points, which are convertible into miles, through various means, including online and offline shopping, using Grab or Gojek for transportation, or making purchases through online food and grocery delivery services.
Having all these perks may sound appealing to you, but is it really suitable for your spending habits and lifestyle? Let's find out in this quick review.
Customer reviews on MoneySmart credit card applications
Pros & Cons Of Citi Rewards Card
Pros
- 10X rewards points (equivalent to 4 miles) for every S$1 spent on shopping, online purchases including food delivery and groceries via Grab, and transport via Gojek
- 1X reward point for every $1 spent on all other categories
- 10X Citi Rewards program gives you an additional bonus of 9X Rewards points per S$1 spend on eligible categories on top of the base rate
- Flexibility to earn and accumulate Citi Miles, Citi ThankYou PointsSM or get cashback benefits for payment of your big-ticket bills such as rent, insurance premiums, education expenses, taxes, utilities and more
- Up to 14% fuel savings at Esso and Shell
- Annual fee waiver option available
- Complimentary travel insurance for flight purchases via Citi Rewards Card
- Exclusive access to Citi World Privileges for special deals and discounts locally and in over 90 other countries
- No minimum spend required
Cons
- Interest rate of 27.90%, which is higher than most credit cards (as per MoneySmart's Credit Cards comparison tool)
- Overlimit fee
- Annual fee charges of $98.10 (incl. 9% GST) for supplementary card
- 10X rewards points for every S$1 spent on selected categories excludes travel-related and mobile wallet transactions
- Citi rewards points capped at 10,000 Points per statement month and expires every 5 years
- Cash advance transaction fee
- Foreign currency transaction fee
Find Out More About The Citi Rewards Credit Card In Our Blog Review!
Compare Citi Rewards Card vs. HSBC Revolution Card vs. SCB Rewards+ Credit Card
At the moment, there are several popular credit cards offering attractive rewards that you can convert to either cash or air miles or other forms of benefits. Citi Rewards Card is just one of them, and comparable alternatives like HSBC Revolution Card and Standard Chartered Rewards+ Credit Card are some of the options listed on MoneySmart's online credit card comparison wizard which you can consider as well.
Let's put these 3 credit cards side by side.
The Citi Rewards Card's "10X rewards points for every $1 spent" perk comes with more limitations as compared to the HSBC Revolution Card and Standard Chartered Rewards+ Card as it excludes travel-related and mobile wallet transactions.
When it comes to air miles, the Citi Rewards Card is on par with the HSBC Revolution Card and Standard Chartered Rewards+ Card as all of them offer 1 reward point for the value of 4 miles.
If you're looking for lower interest rates and a guarantee of no annual fee charges (without the hassle of requesting waivers), the HSBC Revolution Card is more suitable, plus it has the lowest barrier to entry for foreigners looking to qualify for a rewards credit card based on the minimum annual income requirement.
Interest rate: 26.90%
Annual fee:$196.20 (incl. 9% GST, waiver available)
Minimum annual income:
Rewards benefits:
Interest rate: 26.90%
Annual fee:None
Minimum annual income:
Rewards benefits:
Interest rate: 27.90%
Annual fee:$196.20 (incl. 9% GST, first year waiver available)
Minimum annual income:
Rewards benefits:
Citi Rewards Card Application
Here are 3 simple steps to apply for the Citi Rewards Card:
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our Citi Rewards 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 credit card 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 Rewards Card
You’ll be able to activate your Citi Rewards 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 rewards with your Citi Mobile® App!
Frequently Asked Questions About Citi Rewards Card
Are there any fees if I apply for the Citi Rewards Credit Card?
- The Citi Rewards Credit Card charges an annual fee of $196.20 (incl. 9% GST, first-year waiver available), as well as cash withdrawal fees or cash advance transaction fees, late payment fee, minimum monthly payment, foreign currency transaction fee, and overlimit fee.
Am I eligible for the Citi Rewards 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 Rewards Credit Card, as long as you’re aged above 21, 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 Rewards 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.