If you’re a frequent traveller or enjoy exclusive lifestyle perks, you may be considering the Citi Prestige Card. However, the annual fee of S$535 can be a significant deterrent. Fortunately, many banks in Singapore offer fee waivers for their premium credit cards, including Citi Prestige Card. In this article, we’ll explore how to qualify for a Citi Prestige Card fee waiver in Singapore and maximise the rewards of this premium card.
To understand how to qualify for a Citi Prestige Card fee waiver in Singapore, you need to know the fee waiver criteria and process. We’ll explain the minimum spending requirements and the documents you need to submit to request a fee waiver. We’ll also cover the eligibility requirements for the Citi Prestige Card and how to apply for it.
Once you have a Citi Prestige Card, you can enjoy various benefits, such as travel rewards, gourmet promotions, and exclusive lifestyle offers. We’ll compare the Citi Prestige Card with other premium cards in Singapore to help you decide if it’s the right card for you. We’ll also highlight additional features of the Citi Prestige Card, such as airport lounge access and travel insurance.
Understanding the Citi Prestige Card
If you are looking for a credit card that offers premium benefits and rewards, the Citi Prestige Card may be the perfect fit for you. This card is designed to provide you with exclusive privileges and perks that are tailored to your lifestyle.
Key Features and Benefits
The Citi Prestige Card comes with a range of features and benefits that make it one of the best credit cards in Singapore. Here are some of the key features and benefits of this card:
- Annual Fee: The annual fee for the Citi Prestige Card is $540. However, you can enjoy a host of benefits that make it worth the investment.
- Rewards: The card offers a range of rewards, including ThankYou Points and Citi Miles, that can be redeemed for travel, dining, and other experiences.
- Travel: The Citi Prestige Card comes with a range of travel benefits, including complimentary airport lounge access, travel insurance, and exclusive hotel privileges.
- Dining: The card offers exclusive dining privileges at some of the best restaurants in Singapore, including discounts and complimentary champagne.
- Concierge: The card comes with a dedicated concierge service that can help you with everything from booking tickets to making restaurant reservations.
Eligibility and Income Requirement
To be eligible for the Citi Prestige Card, you need to meet the following requirements:
- You must be at least 21 years old.
- You must have a minimum income of $120,000 per annum.
To apply for the card, you will need to provide proof of income and other supporting documents. If you meet the eligibility requirements, you can enjoy the benefits of the Citi Prestige Card and take advantage of its rewards and privileges.
Overall, the Citi Prestige Card is a great choice for anyone who wants a premium credit card with exclusive benefits and rewards. With its range of features and benefits, this card is designed to provide you with a unique and personalised experience that suits your lifestyle and needs.
Fee Waiver Criteria and Process
Annual Fee Structure
The Citi Prestige Card has an annual fee of S$540. The fee is charged to the primary cardholder and is non-refundable. There is no fee for supplementary cards. The annual fee is waived for the first year of card membership.
Waiver Request Methods
Citi Prestige Cardholders may request a waiver of the annual fee by meeting the minimum spend requirements or by contacting Citibank’s hotline. The minimum spend requirement for the waiver is S$12,000 within a quarter. The quarters are as follows:
- From 1 January to 31 March
- From 1 April to 30 June
- From 1 July to 30 September
- From 1 October to 31 December
If you meet the minimum spend requirement, the annual fee will be waived automatically. If you do not meet the minimum spend requirement, you may contact Citibank’s hotline to request a waiver.
To request a waiver, you may call Citibank’s hotline at 6225 5225. The hotline is available 24 hours a day, 7 days a week. You will need to provide your card details and explain why you are requesting a waiver. Citibank may require additional information or documentation to process your request.
It is important to note that Citibank’s decision to grant a fee waiver is subject to its terms and conditions. Citibank may refuse to grant a fee waiver if you do not meet its requirements or if you have a history of late payments or default.
In conclusion, the Citi Prestige Card annual fee waiver process is straightforward and can be done online or through a hotline. Meeting the minimum spend requirements will automatically waive the annual fee, while contacting Citibank’s hotline is an option if you do not meet the requirements. It is important to keep in mind that Citibank’s decision to grant a fee waiver is subject to its terms and conditions.
Maximising Card Rewards
If you are a frequent traveller and a big spender, the Citi Prestige Card is one of the best premium credit cards in Singapore that you can own. With a range of benefits and rewards, you can maximise your spending and earn more rewards points.
Optimising Spend Categories
The Citi Prestige Card offers a range of bonus reward points for different spending categories. One of the best ways to maximise your rewards is to focus your spending on these categories. For example, you can earn 5 reward points per $1 spent on dining and overseas spend, 3 reward points per $1 spent on travel, and 1 reward point per $1 spent on all other spend categories.
Leveraging Travel Benefits
The Citi Prestige Card offers a range of travel benefits that can help you save money and enjoy your trip. For example, you can enjoy complimentary airport lounge access with Priority Pass, a free fourth night stay at any hotel when you book a minimum of four consecutive nights, and a complimentary one-way limousine transfer to/from Changi Airport when you book a minimum of two nights stay at any hotel.
You can also earn more rewards points when you book your flights, hotels, and travel packages through the Citi Prestige Concierge service. You can earn up to 10 reward points per $1 spent on bookings made through the concierge service.
Conclusion
Overall, the Citi Prestige Card is a great credit card for frequent travellers and big spenders. With its range of benefits and rewards, you can maximise your spending and earn more rewards points. Whether you are looking for airport lounge access, free hotel stays, or more rewards points, the Citi Prestige Card has something for everyone.
Comparing with Other Premium Cards
When it comes to premium credit cards in Singapore, there are several options available on the market. However, if you are looking for a card that offers a balance of benefits and costs, the Citi Prestige Card is definitely worth considering.
Local and International Competitors
The Citi Prestige Card’s main competitors in Singapore are the HSBC Visa Infinite, OCBC Voyage, and the UOB Visa Infinite. While these cards also offer similar benefits such as airport lounge access, travel insurance, and hotel privileges, the Citi Prestige Card stands out with its flexible reward points system and higher earn rates.
In terms of international competitors, the American Express Platinum Card and the Maybank Visa Infinite are both popular options. However, the Citi Prestige Card offers a wider range of benefits and rewards that are tailored to the Singaporean market, such as dining privileges and golfing benefits.
Benefits Versus Costs
While the Citi Prestige Card has an annual fee of $535, it offers a range of benefits that can easily offset this cost. For example, cardholders can enjoy unlimited complimentary access to over 1,000 airport lounges worldwide, as well as a complimentary night’s stay at any hotel when booking a minimum of four consecutive nights.
Furthermore, the Citi Prestige Card offers a flexible reward points system that allows cardholders to redeem points for a wide range of rewards, including cash rebates, air miles, and merchandise. With a higher earn rate of 1.3 miles per $1 spent locally and 2 miles per $1 spent overseas, the Citi Prestige Card is a great option for frequent travellers.
Overall, while there are several other premium credit cards available in Singapore, the Citi Prestige Card stands out for its balance of benefits and costs. With a range of exclusive privileges and rewards, it is definitely worth considering if you are looking for a premium credit card that offers value for money.
Additional Card Features
As a Citi Prestige Card holder, you have access to a range of exclusive features to help you manage your account and make the most of your card. Here are some of the additional card features that come with your Citi Prestige Card:
Security and Online Access
Citi takes the security of your account seriously. That’s why we offer a range of security features to help keep your account safe. You can access your account online, and we provide you with an online security device to help protect your account. You can also sign up for Citi Alerts to receive notifications about your account activity. Additionally, you can use One-Time Passwords (OTPs) for secure online transactions.
Exclusive Offers and Services
As a Citi Prestige Card holder, you have access to a range of exclusive offers and services. You can earn Citi ThankYou SM Points for every dollar you spend, and you can redeem them for a range of rewards including flights, hotels, and merchandise. You can also earn a Relationship Bonus when you link your Citi Prestige Card to other eligible Citi accounts.
Furthermore, you can apply for supplementary cards for your family members, which allows them to enjoy the same benefits as you. Additionally, you can access a range of exclusive offers and services such as complimentary rounds of golf, airport lounge access, and concierge services.
Overall, the Citi Prestige Card offers a range of additional features to help you manage your account and make the most of your card. With its exclusive offers and services, you can enjoy a range of benefits that are tailored to your lifestyle.
Frequently Asked Questions
How can I get my Citi Prestige card’s annual fee waived in Singapore?
If you’re looking to get your Citi Prestige card’s annual fee waived in Singapore, you’re in luck! Citibank offers a variety of ways to get your annual fee waived, such as spending a certain amount on your card or signing up for a new account. Be sure to check out Citibank’s website or contact their customer service team for the latest information on how to get your annual fee waived.
What steps should I follow for a refund on my Citi Prestige card fee?
If you’re looking to get a refund on your Citi Prestige card fee, the process is quite straightforward. Simply contact Citibank’s customer service team and they will be able to assist you with the refund process. Please note that refunds may take some time to process, so be sure to plan accordingly.
Where can I find a guide to the Citi Prestige card fee waiver process?
If you’re looking for a guide to the Citi Prestige card fee waiver process, there are many resources available online. Citibank’s website is a great place to start, as they offer a variety of information on how to get your annual fee waived. Additionally, there are many blogs and forums dedicated to credit card rewards and benefits that may be able to provide you with valuable information.
What are the exclusive benefits for Citi Prestige supplementary cardholders?
If you have a Citi Prestige supplementary card, you’ll be happy to know that there are many exclusive benefits available to you. These benefits may include access to airport lounges, travel insurance, and concierge services. Be sure to check with Citibank for the latest information on the benefits available to supplementary cardholders.
How does the Citi Prestige Concierge service enhance my card experience?
The Citi Prestige Concierge service is a valuable tool that can enhance your card experience in many ways. With the concierge service, you’ll have access to a team of experts who can help you with everything from booking travel to finding the perfect restaurant. This service is available 24/7, so you can always get the help you need when you need it.
What perks come with the Citibank Prestige Card that justify the annual fee?
The Citibank Prestige Card comes with a variety of perks that justify the annual fee. These perks may include access to airport lounges, travel insurance, and concierge services. Additionally, the card may offer rewards points that can be redeemed for travel, merchandise, and more. Be sure to check with Citibank for the latest information on the perks available with the Citibank Prestige Card.