If you’re looking for a credit card that rewards your shopping habits, the Citi Rewards Card might be the one for you. With its attractive rewards catalogue and bonus rates, this card is a go-to for everyday expenses like groceries, online shopping, and food delivery. Couples and young families will find the points cap and bonus rates just about right for their needs.
The Citi Rewards Card is one of the more attractive credit cards in Singapore for shopaholics. You can earn 10X rewards points (or $1 = 4 miles) when you shop online, excluding travel-related transactions. You can also use it for certain offline purchases. The main benefit of the Citi Reward card lies in giving 10X Points for charges that are made via the internet or mobile applications. As a result, this is equivalent to earning a cashback of 2.27%, or 4 miles per dollar.
Key Takeaways
- The Citi Rewards Card is an attractive credit card in Singapore for shopaholics, offering 10X rewards points when you shop online.
- The card is a go-to for everyday expenses like groceries, online shopping, and food delivery.
- Couples and young families will find the points cap and bonus rates just about right for their needs.
Key Features and Benefits
If you’re looking for a credit card that rewards you for your everyday spending, the Citi Rewards Card could be the perfect option for you. Here are some of the key features and benefits of this card:
Reward Points and Bonuses
One of the main benefits of the Citi Rewards Card is the generous reward points system. You can earn 10X Citi ThankYou Points (equivalent to 4 miles per dollar) for every S$1 spent on online shopping, food delivery, and other eligible transactions. This is a great way to earn points quickly and easily, especially if you’re someone who does a lot of online shopping.
In addition to the regular rewards points, the Citi Rewards Card also offers a welcome gift of 40,000 bonus Citi ThankYou Points when you spend S$800 within the first two months of card approval. This is a great way to kick-start your rewards points balance and can be converted into cashback benefits, air miles, or to offset your big-ticket item bills like insurance premiums, utilities bill, rental charges, etc.
Travel Perks and Insurance
If you’re a frequent traveller, the Citi Rewards Card has some great travel perks and insurance benefits. You can enjoy up to S$1 million in travel accident insurance when you charge your full travel fare to the card. Additionally, you’ll have access to exclusive travel promotions and discounts through Citi World Privileges.
Dining and Entertainment Rewards
The Citi Rewards Card also offers rewards for dining and entertainment. You can earn 10X Citi ThankYou Points for every S$1 spent at restaurants, cafes, bars, and cinemas. This is a great way to save money on your dining and entertainment expenses while earning rewards points at the same time.
Overall, the Citi Rewards Card is an excellent option for anyone looking to earn rewards points on their everyday spending. With its generous rewards points system, welcome gift, and travel and dining perks, it’s no wonder why this card is so popular among Singaporeans. Plus, with a low annual fee of just S$192.60 (including GST), it’s an affordable way to earn rewards points and enjoy exclusive benefits.
Earning and Redeeming Points
If you are looking for a credit card that rewards you for everyday spend, the Citi Rewards Card is a great option. With 10X rewards points (or $1 = 4 miles) on online and mobile transactions, including ride-hailing services like Grab and Gojek, and food delivery services, you can easily rack up points without even leaving your home.
Maximising Rewards on Everyday Spend
To maximise your rewards, you can also use the Citi Rewards Card for your groceries and other online shopping. With no minimum spend required, you can earn 10X rewards points on all your transactions. Additionally, you can earn a generous 1X rewards point for every dollar spent on other eligible transactions.
It’s worth noting that there is a monthly cap of 10,000 Citi Rewards points for online and mobile transactions, and a monthly cap of 1,000 Citi Rewards points for other eligible transactions. However, this cap is more than enough for most users.
Redemption Options and Partners
When it comes to redeeming your Citi Rewards points, you have a wide range of options. You can redeem your points for miles, vouchers, products, or cash rebates via the Citi ThankYou Rewards redemption catalogue.
If you are looking to redeem your points for travel, you can transfer your Citi Rewards points to a variety of airline partners, including Singapore Airlines, Cathay Pacific, and Emirates. Alternatively, you can use your points to book flights, hotels, and car rentals directly through the Citi ThankYou Rewards portal.
For those who prefer to redeem their points for merchandise, the Citi ThankYou Rewards catalogue offers a wide range of products, including electronics, fashion, and home appliances.
It’s worth noting that Citi Rewards points are valid for five years from the date they are earned. This gives you plenty of time to accumulate points and redeem them for the rewards that matter most to you.
Fees and Charges
When choosing a credit card, it’s important to consider the fees and charges that come with it. With the Citi Rewards Card, you’ll need to be aware of both the annual fee and other potential costs.
Understanding the Annual Fee
The Citi Rewards Card comes with an annual fee of $194.40 for the principal cardholder. However, the first year’s fee is waived for the principal cardholder. For supplementary cards, there is a fee of $97.20. Annual fee waivers are at Citi’s discretion, but if you spend around $10,000 to $12,000 per year, you should have no issue getting one.
Other Potential Costs
In addition to the annual fee, there are other potential costs to consider with the Citi Rewards Card. For example, if you make a foreign currency transaction, you’ll be charged a fee of 3.25% of the transaction amount. Late payment charges are $100 if you don’t make the minimum payment by the due date. Overlimit fees are also charged at $40 per month if you exceed your credit limit.
It’s important to note that the interest rate for the Citi Rewards Card is 27.90%, which is higher than most credit cards. If you take out a cash advance, you’ll be charged a fee of $15 or 6% of the amount withdrawn, whichever is higher.
To avoid any potential costs, make sure to pay your balance in full and on time each month. By doing so, you’ll be able to enjoy the benefits of the Citi Rewards Card without incurring any unnecessary fees or charges.
Card Eligibility and Application
If you’re considering applying for the Citi Rewards Card, it’s important to know if you meet the eligibility requirements. Here’s what you need to know:
Income and Credit Requirements
To be eligible for the Citi Rewards Card, you must be a Singapore Citizen, Permanent Resident, or foreigner with a valid Singapore Employment Pass. You must also be at least 21 years old and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $42,000 (for foreigners).
It’s worth noting that meeting the minimum income requirement does not guarantee approval for the card. Citi will also consider your credit history and other factors when reviewing your application.
Application Process
To apply for the Citi Rewards Card, you can visit a Citi branch or apply online through the Citi website. You’ll need to provide personal information such as your name, NRIC/Passport number, and contact details.
You’ll also need to provide information about your income and employment status, including your salary and employer’s details. If you’re self-employed, you’ll need to provide additional documentation such as your income tax statement.
Once you’ve submitted your application, Citi will review it and notify you of the outcome. If your application is approved, you’ll receive your card within a few days.
Overall, the Citi Rewards Card is a great option for anyone who wants to earn rewards on their everyday spending. If you meet the eligibility requirements and have a good credit history, it’s definitely worth considering.
Comparative Analysis
Citi Rewards Card vs Other Citi Cards
If you’re already a Citibank customer, you might be wondering how the Citi Rewards Card stacks up against other Citibank credit cards. Here’s a quick comparison:
| Card | Annual Fee | Rewards | Other Benefits |
|---|---|---|---|
| Citi Rewards Card | $192.60 | 4 miles per $1 spent on online and offline shopping | Up to 10% off at over 1,000 merchants via Citi World Privileges |
| Citi PremierMiles Card | $192.60 | 1.2 miles per $1 spent locally, 2 miles per $1 spent overseas | Free travel insurance, up to $1 million |
| Citi Cash Back Card | $192.60 | Up to 8% cashback on dining, groceries, and petrol | Up to 10% off at over 1,000 merchants via Citi World Privileges |
| Citi Miles Card | $267.50 | 1.2 miles per $1 spent locally, 2 miles per $1 spent overseas | Free travel insurance, up to $1 million |
As you can see, the Citi Rewards Card is the best choice if you’re looking to earn miles for your shopping habits. However, if you’re a frequent traveller, the Citi PremierMiles Card or Citi Miles Card might be a better fit for you.
Competitor Credit Card Comparisons
If you’re not sure if the Citi Rewards Card is the right choice for you, here’s how it compares to some of its competitors:
| Card | Annual Fee | Rewards | Other Benefits |
|---|---|---|---|
| DBS Altitude Visa Card | $192.60 | 1.2 miles per $1 spent locally, 2 miles per $1 spent overseas | Free travel insurance, up to $1 million |
| HSBC Revolution Credit Card | $160.50 | 1 mile per $1 spent on dining, entertainment, and online shopping | Up to 16% off at over 2,000 merchants |
| Maybank Horizon Visa Signature Card | $180 | 3.2 miles per $1 spent on dining, petrol, and taxi fares | Free travel insurance, up to $1 million |
Overall, the Citi Rewards Card offers the best rewards rate for online and offline shopping, making it a great choice for those who love to shop. However, if you’re looking for a more well-rounded credit card, the DBS Altitude Visa Card or HSBC Revolution Credit Card might be a better fit. And if you’re a foodie who loves to travel, the Maybank Horizon Visa Signature Card might be the one for you.
Frequently Asked Questions
What fabulous benefits can one expect from the Citi Rewards Card?
The Citi Rewards Card offers a wide range of benefits that make it a top choice for Singaporeans. You can earn up to 10X rewards points for every $1 spent on online and offline shopping, dining, and entertainment. Additionally, you can convert your points to miles, vouchers, products, or cash rebates via the Citi ThankYou Rewards redemption catalogue.
How does one convert Citi Rewards points to miles, and is it a splendid deal?
Converting your Citi Rewards points to miles is easy and convenient. You can do it online or by calling the CitiPhone hotline. The conversion rate is 1 Citi Rewards point to 0.4 miles. This is a splendid deal, especially if you’re a frequent flyer looking to save money on airfare.
Are there any thrilling promotions currently available for the Citi Rewards Card?
Yes, there are several thrilling promotions available for the Citi Rewards Card. For example, you can receive a Dyson V8 Slim Fluffy (worth S$509) or S$300 cash via PayNow when you apply for the card. Additionally, you can earn up to 22,800 bonus points when you spend S$3,000 within the first 3 months of card approval.
What’s the minimum spend required to start earning rewards with the Citi Rewards Card?
There is no minimum spend required to start earning rewards with the Citi Rewards Card. You can earn rewards points for every dollar you spend, regardless of the amount. This makes the card a great choice for everyday expenses like groceries, online shopping, and food delivery.
How challenging is it to be approved for a Citi Rewards Card?
The approval process for a Citi Rewards Card is straightforward and hassle-free. You need to be a Singaporean or Permanent Resident aged 21 years or older, with a minimum annual income of S$30,000. Additionally, you should have a good credit score and a stable source of income.
What’s the value of 50,000 Citi points in terms of rewards or benefits?
The value of 50,000 Citi points depends on how you redeem them. If you convert them to miles, you can get up to 20,000 miles, which is enough for a one-way ticket to Bali or Bangkok. Alternatively, you can redeem your points for cash rebates or vouchers, which can save you money on your next shopping spree.