FASTER REWARDS REDEMPTION | SONY PS5 FLASH DEAL
Citibank Rewards Card is an everyday credit card with a 10X Rewards bonus program to help you accumulate air miles or points quickly. You can redeem your Citi rewards points to miles, vouchers, products, or cash rebates via the Citi ThankYou Rewards redemption catalogue. Suited for a user who does monthly tracking.
S$1= 10X Points
on Online & Shopping Purchases
S$1= 1X Point
for all other purchases
10X Points = 4 Miles
Rewards Conversion
MoneySmart Exclusive

[FLASH DEAL: WIN A SONY PS5]
Stand a chance to win a Sony PlayStation®5 SLIM Digital Edition (CFI-2018B01) (worth S$669) on top of your baseline gifts when you are one of 3 successful claims at 2pm & 9pm daily!
 
Unlock Exclusive Rewards
The rest can still earn 5,100 SmartPoints or S$300 cash when you apply and meet the minimum spend within 30 days from card approval date. T&Cs apply.
 
Why Choose SmartPoints?
Enjoy the ultimate flexibility to redeem ANY gift at our Rewards Store.
Short on points? Simply pay the difference with cash, and grab your desired gift today!

Valid until 26 Feb 2024 - See more details below

Are you eligible?

    • Promotion is valid from 22-February-2024 to 26-February-2024

    • Applicable for New-to Citibank Cardmembers only

    • Customers need to apply through MoneySmart to be eligible

What you need to know

  1. Log into your MoneySmart account and submit your claim by 26th March 2024

  2. *Faster Rewards Redemption: Receive your Reward as fast as 6 weeks from meeting the "Eligible Spends" criteria. T&Cs Apply.

  3. Charge S$500 in qualifying transactions within the first 30 calendar days from the Credit Card approval date to qualify for your Reward. 

  4. Stand a chance to win a Sony PlayStation®5 SLIM Digital Edition (CFI-2018B01) (worth S$669) on top of your baseline gifts when you are one of 3 successful applicants to submit the MoneySmart Claim Form at 2pm & 9pm daily!

  5. Get S$300 Cash via PayNow as your reward

  6. OR Earn 5,100 SmartPoints which can be used to redeem any product from the Rewards Store here.

  7. Use SmartPoints earned to redeem:
    - Apple iPad Wi-Fi 9th Gen, 64GB
    - S$510 Grab Vouchers
    Nintendo Switch OLED
    - Everdesk+ Lite Standing Table
    - ErgoTune Supreme V3 Ergonomic Chair AND many other products!

  8. SmartPoints will be credited into your SmartPoints Wallet with a validity period of 60 days. T&Cs apply.

  9. For more information regarding SmartPoints, refer to our FAQ here.

  10. 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.

  11. MoneySmart exclusive rewards do not stack with external or third party promotions, unless otherwise stated. See T&Cs for details.

T&Cs
FAQ
Claim Form

Quick Facts

Get the maximum value by

Spending around S$1,000 per month across online, shopping, Grab, Gojek, online food delivery, and online groceries

Good for

Families or individuals who are avid shoppers and consistently shop online and offline. Earn up to 10X Points and enjoy the flexibility on how you want to redeem the points. You can offset your purchases with the points earned, redeem for vouchers and more!

Categories to maximise this card

Online: Online spend which includes food delivery, ride-hailing and online groceries. Shopping: Shopping spend which includes department store, shoes, bags, clothing stores and more!

What people use it for

A convenient everyday card for daily expenditure spanning multiple categories

Get if

You want to be a Smart shopper by maximising your spend. Earn 10X Points on online and shopping purchases! T&Cs apply.

All Details

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Citi Rewards Credit Card Review 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.

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
  • Welcome gift of 40,000 bonus Citi ThankYouSM Points (with a minimum spend of $800 in the first 2 months);
  • 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

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 and compare the key factors including the air miles benefits, interest rates, annual fees and minimum annual income requirements.

As we compare these three cards, the Citi Rewards Card seems to have the most generous welcome gift of 40,000 bonus Citi ThankYouSM Points (with a minimum spend of $800 in the first 2 months) which you can convert to cashback benefits, air miles or to offset your big-ticket item bills like insurance premiums, utilities bill, rental charges, etc.

The HSBC Revolution Card and Standard Chartered Rewards+ Card do offer welcome bonus or gifts but it is either in the form of up to $200 cashback or free luggage or a Lazada shopping voucher, all of which less attractive than Citi Rewards Card's welcome gift.

However, 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.

Citi Rewards Card

Interest rate: 26.90%

Annual fee:$196.20 (incl. 9% GST, waiver available)

Minimum annual income:

  • $30,000 for Singaporeans and PRs
  • $42,000 for foreigners

  • Rewards benefits:
  • 10X rewards points (equivalent to 4 air miles) for every S$1 spent on shopping, online purchases including food delivery and groceries via Grab, and transport via Gojek (excludes travel-related and mobile wallet transactions)
  • 1X reward point for every $1 spent on all other categories
  • Welcome gift of 40,000 bonus Citi ThankYouSM Points (with a minimum spend of $800 in the first 2 months)
  • 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
  • 10X Rewards capped at 10,000 Points per statement month and expires every 5 years
  • HSBC Revolution Card

    Interest rate: 26.90%

    Annual fee:None

    Minimum annual income:

  • $30,000 for Singaporeans and PRs
  • $40,000 for foreigners

  • Rewards benefits:
  • 10X rewards points (equivalent to 4 air miles or 2.5% Cashback) for every S$1 spent online or via contactless payments
  • 1X reward point for every $1 spent on all other categories
  • Up to 21.15% fuel savings at Caltex and Shell
  • Complimentary access to ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle and travel worldwide
  • Cap of 10,000 rewards points per calendar month on eligible purchases
  • HSBC Reward points awarded are valid for 3 years and 1 month from the date of opening of the credit card account
  • No minimum spend requirement
  • SCB Rewards+ Credit Card

    Interest rate: 27.90%

    Annual fee:$196.20 (incl. 9% GST, first year waiver available)

    Minimum annual income:

  • $30,000 for Singaporeans and PRs
  • $60,000 for foreigners

  • Rewards benefits:
  • 10X rewards points (equivalent to 4 air miles) for every S$1 spent in foreign currency
  • 5X rewards points for every S$1 spent locally
  • 1X reward point for every $1 spent on all other categories
  • First-year annual fee waiver option available upon sign up
  • Discounts and privileges at over 3,000 outlets from dining offers to shopping, travel and lifestyle benefits
  • Cashback/Reward points/Bonus Interest on IRAS, Education, Insurance & Rental payment via SC EasyBill
  • 360° Rewards Point capped at 20,000 points per year
  • 360° Rewards Points awarded are valid for 3 years from the date of opening of the credit card account
  • No minimum spend requirement
  • Citi Rewards Card Application

    Here are 3 simple steps to apply for the Citi Rewards Card:

    Step 1

    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.

    Step 2

    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)

    Step 3

    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

    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.