If you’re looking for a credit card that offers rewards for your everyday spending, the Citi Rewards Card might be the perfect fit for you. This credit card is designed for those who want to earn reward points on their dining, travel, and shopping expenses. With the Citi Rewards Card, you can earn 10X Rewards (or 4 miles) on your shopping, which can be redeemed for a range of products, vouchers, or cash rebates via the Citi ThankYou Rewards redemption catalogue.
One of the key features of the Citi Rewards Card is that it has no cap on the amount of reward points you can earn. This means that you can earn as many reward points as you want, without having to worry about hitting a limit. This is great news for those who want to maximise their rewards and earn as many points as possible. Additionally, new cardholders can enjoy a bonus of 40,000 ThankYou points (equivalent to 16,000 miles) when they apply online for a Citi Rewards Card and get approved within 30 days from application.
If you’re interested in applying for the Citi Rewards Card, it’s important to understand the fees and charges associated with the card. There is an annual fee of $192.60 (inclusive of GST) for the principal card, which is waived for the first year. There is also a supplementary card fee of $96.30 (inclusive of GST) per year. However, the annual fee can be waived if you spend a minimum of $10,000 per year on your Citi Rewards Card. Keep reading to discover more about the Citi Rewards Card and how you can maximise your rewards.
Key Takeaways
- The Citi Rewards Card offers unlimited reward points on dining, travel, and shopping expenses.
- New cardholders can enjoy a bonus of 40,000 ThankYou points when they apply online and get approved within 30 days from application.
- There is an annual fee of $192.60 (inclusive of GST) for the principal card, which can be waived if you spend a minimum of $10,000 per year on your Citi Rewards Card.
Exploring Citi Rewards Card Features
If you are looking for a credit card that offers great rewards, then the Citi Rewards Card is perfect for you. With this card, you can earn rewards points for every dollar you spend, which you can then redeem for a variety of rewards.
Earning Rewards Points
The Citi Rewards Card offers both base points and bonus points. You can earn 1 base point for every dollar you spend, and 10 bonus points for every dollar you spend on fashion and rides. This means that you can earn rewards points quickly, especially if you frequently shop for clothes or use ride-hailing services.
10X Rewards on Fashion and Rides
One of the most attractive features of the Citi Rewards Card is the 10X Rewards bonus program. This program allows you to earn 10 times the rewards points for every dollar you spend on fashion and rides. This means that you can accumulate rewards points quickly and redeem them for a variety of rewards.
Redemption Options for Reward Points
The Citi Rewards Card offers a variety of redemption options for your rewards points. You can redeem your points for vouchers, merchandise, shopping vouchers, instant rewards, and even pay with points. This means that you can choose the reward that best suits your needs and preferences.
Overall, the Citi Rewards Card is a great credit card for those who want to earn rewards points quickly and easily. With its attractive rewards program and variety of redemption options, you can enjoy a range of benefits while using your credit card for your daily expenses.
Maximising Benefits for Dining and Travel
If you’re someone who loves to indulge in gourmet pleasures or frequently travel, the Citi Rewards Card is the perfect credit card for you. With a variety of benefits and perks, you can maximise your rewards and enjoy your dining and travel experiences to the fullest.
Gourmet Pleasures and Online Food Delivery
The Citi Rewards Card offers 10X Rewards Points (4 miles per dollar) on dining, including online food delivery. This means that every time you dine out or order food online, you earn points that can be redeemed for a variety of rewards, including air miles, vouchers, products, or cash rebates.
In addition, the Citi Rewards Card also offers exclusive dining privileges through the Citi World Privileges programme. You can enjoy up to 50% off at over 1,000 restaurants in Singapore and around the world, as well as other dining perks such as complimentary wine or desserts.
Travel Perks and Insurance Coverage
The Citi Rewards Card also offers great travel perks and insurance coverage. You can earn 10X Rewards Points (4 miles per dollar) on airfare and hotels booked through online travel agencies. This means that every time you book your travel arrangements online, you earn points that can be redeemed for a variety of rewards.
In addition, the Citi Rewards Card also offers free travel insurance coverage of up to $1 million when you charge your travel expenses to your card. This includes coverage for travel inconvenience, medical expenses, and personal accident.
Overall, the Citi Rewards Card is a great credit card for those who love to dine out and travel. With its generous rewards programme and exclusive privileges, you can maximise your benefits and enjoy your experiences to the fullest.
Understanding Fees and Charges
When it comes to credit cards, it’s important to understand the fees and charges that come with them. Here’s what you need to know about the fees and charges associated with the Citi Rewards Card.
Annual Fees and Waivers
The Citi Rewards Card comes with an annual fee of $192.60, which is waived for the first year. However, if you have a supplementary card, you will be charged an additional annual fee of $96.30. The annual fee is subject to GST, which is currently at 7%.
Citi may waive the annual fee for subsequent years if you meet certain spending requirements. However, annual fee waivers are at Citi’s discretion, so it’s important to check the terms and conditions of your card.
Other Potential Costs
Aside from the annual fee, there are other potential costs associated with the Citi Rewards Card. Late payment charges may be imposed if you miss a payment, and interest charges will be levied on any outstanding balances.
Cash advances are also subject to fees and charges. For example, you will be charged a cash advance fee of 6% of the amount withdrawn or $15, whichever is higher. Interest charges will also be levied on cash advances from the date of withdrawal until the amount is fully repaid.
It’s important to be aware of these potential costs when using your Citi Rewards Card. By understanding the fees and charges associated with your card, you can make informed decisions about your spending and avoid unnecessary fees.
Eligibility and Application Process
If you’re interested in the Citi Rewards Card, you’ll need to meet the income requirements and go through the application process. Here’s what you need to know.
Income Requirements and Credit Approval
To be eligible for the Citi Rewards Card, you must have an annual income of at least £20,000. Additionally, your credit history will be taken into account during the application process. If you have a good credit score, you’re more likely to be approved for the card.
Welcome Offers for New Cardholders
If you’re a new Citi Credit Cardmember, you may be eligible for a welcome offer. Currently, new cardholders who spend £800 in the first 2 months are eligible for a welcome offer. However, it’s important to read the terms and conditions carefully to ensure you meet all the requirements.
To apply for the Citi Rewards Card, you can do so online through Citibank’s website or through a third-party website such as SingSaver. During the application process, you’ll need to provide personal information such as your name, address, and income. You may also need to provide supporting documentation such as your NRIC/passport, Income Tax Notice of Assessment, and bank statements.
Once your application has been submitted, you can track its progress through Citi’s online banking system. If your application is approved, you’ll receive your new card in the mail within a few business days.
Overall, the Citi Rewards Card can be a great option for those who want to earn rewards on their everyday spending. Just make sure you meet the income requirements and read the terms and conditions carefully before applying.
Citi Rewards Programme Limitations
If you are considering getting a Citibank Rewards Card, it is important to note that there are some limitations to the Citi Rewards Programme. Here are some of the limitations that you should be aware of:
Caps on Earning Rewards
One of the limitations of the Citi Rewards Programme is that there are caps on the number of rewards points you can earn each month. The monthly cap depends on the type of transaction you make, and it ranges from 10,000 to 120,000 rewards points. For example, you can earn up to 10,000 rewards points each month for transactions made at supermarkets, department stores, and electronics stores. However, you can earn up to 120,000 rewards points each month for transactions made at selected merchants such as Sam’s Club and Payment Service Providers.
Exclusions and Non-Qualifying Transactions
Another limitation of the Citi Rewards Programme is that there are exclusions and non-qualifying transactions that do not earn rewards points. For example, top-ups to prepaid cards, transit-related transactions, and payments to AXS and SAM machines do not earn rewards points. Additionally, transactions made with payment service providers such as YouTrip do not qualify for rewards points.
It is also important to note that some utility bills may not qualify for rewards points. For example, bills paid to SP Services may not be eligible for rewards points. Therefore, it is important to check the terms and conditions of the Citi Rewards Programme to ensure that you are aware of all exclusions and non-qualifying transactions.
Overall, the Citi Rewards Programme is a great way to earn rewards points on your everyday spending. However, it is important to be aware of the limitations of the programme to ensure that you are maximizing your rewards potential. By understanding the caps on earning rewards and the exclusions and non-qualifying transactions, you can make informed decisions about how to use your Citibank Rewards Card.
Frequently Asked Questions
What fabulous benefits can one enjoy with the Citi Rewards Card?
The Citi Rewards Card is an exceptional credit card that offers an array of benefits to its users. With this card, you can earn up to 10X rewards points on every $1 spent on online or mobile app transactions. Additionally, you can earn 1 reward point for every $1 spent on all other transactions. These reward points can be redeemed for a variety of exciting rewards such as shopping vouchers, cash rebates, and air miles.
How can I maximise my points conversion to miles using the Citi Rewards Card?
If you’re a travel enthusiast, you’ll be glad to know that you can convert your reward points earned on the Citi Rewards Card into miles that can be used to redeem flights and other travel-related expenses. To maximise your points conversion to miles, you should accumulate a minimum of 10,000 rewards points before converting them into miles. You can then convert your points into miles at a rate of 1 reward point to 0.4 miles.
What’s the minimum spend required to start reaping rewards with the Citi Rewards Card?
There is no minimum spend required to start earning rewards with the Citi Rewards Card. Every transaction you make with the card earns you reward points, regardless of the amount spent. However, to maximise your rewards, we recommend using the card for your daily expenses such as groceries, petrol, and dining.
Could you enlighten me on the credit limit I might expect when starting with a Citi Rewards Card?
The credit limit you will receive when you start with a Citi Rewards Card is subject to approval based on your credit score and financial standing. However, the minimum credit limit for the Citi Rewards Card is $500. If you manage your credit well and make timely payments, you may be eligible for a credit limit increase after a few months of using the card.
Are there any exciting perks for using the Citi Rewards Card frequently?
Yes, there are many exciting perks for using the Citi Rewards Card frequently. For example, you can enjoy exclusive discounts and promotions at selected merchants, access to airport lounges, and complimentary travel insurance when you charge your travel expenses to the card. Additionally, you can earn bonus rewards points when you spend above a certain threshold within a specific period.
What are the terms and conditions I should be aware of for the Citi Rewards Card?
Before applying for the Citi Rewards Card, it’s essential to familiarise yourself with the terms and conditions of the card. Some of the critical terms and conditions include the annual fee, interest rates, late payment fees, and minimum payment requirements. It’s also essential to understand the eligibility criteria and application process before applying for the card.