If you’re a student in Singapore, you may be interested in applying for a student credit card to help you manage your finances. One option to consider is the Citi Clear Card, offered by Citibank Singapore. This credit card is designed specifically for tertiary students, and comes with exclusive dining deals and shopping benefits.
To be eligible for the Citi Clear Card, you must be a full-time tertiary student in Singapore, aged between 18 and 27 years old, and have an annual income of at least $18,000. The application process is straightforward and can be done online. Once approved, you’ll receive a credit limit of $500 and enjoy a waived annual fee for the first year.
In this article, we’ll take a closer look at the Citi Clear Card and its features and benefits, as well as compare it to other student credit cards available in Singapore. We’ll also provide tips on financial literacy and management for students, and highlight additional card features to consider.
Key Takeaways
- The Citi Clear Card is a student credit card designed for tertiary students in Singapore, offering exclusive dining deals and shopping benefits.
- To be eligible for the card, you must be a full-time tertiary student aged between 18 and 27 years old, with an annual income of at least $18,000.
- When comparing student credit cards, consider factors such as credit limit, annual fee, rewards programmes, and additional features. It’s also important to practice good financial management and budgeting skills.
Eligibility and Application
If you’re a student in Singapore looking for a credit card, the Citi Clear Card might be just what you need. Here’s what you need to know about eligibility and the application process.
Understanding Eligibility Criteria
To be eligible for the Citi Clear Card, you must be a Singaporean or Permanent Resident and at least 18 years old. If you’re below 21 years old, you’ll need your parent or guardian’s consent to the application and guarantee for the payment of outstanding balances. Additionally, you must not be an existing primary/basic Citibank Credit Card or Citibank Ready Credit customer. However, supplementary card members are eligible.
The annual income requirement for foreign nationals is higher compared to Singapore Citizens. So, if you’re a foreign national, you’ll need to meet a higher income requirement to be eligible for the card.
The Application Process
To apply for the Citi Clear Card, you can either fill out the online application form or visit a Citibank branch. You’ll need to provide your NRIC or matriculation card, mobile number, email address, and employment pass (if applicable).
When filling out the application form, make sure you provide accurate information and read the terms and conditions carefully. You’ll also need to submit the necessary documents required by Citibank.
Once you’ve submitted your application, Citibank will review it and notify you of their decision. If your application is approved, you’ll receive your Citi Clear Card within a few working days.
Overall, the Citi Clear Card is an excellent option for students looking for a credit card in Singapore. With its attractive benefits and rewards, it’s a great way to start building your credit history. So, if you meet the eligibility requirements, go ahead and apply for the Citi Clear Card today!
Card Features and Benefits
If you are a student in Singapore, you might want to consider getting the Citi Clear Card for Students. This credit card comes with a range of features and benefits that can help you save money and earn rewards.
Rewards and Rebates
With the Citi Clear Card for Students, you can earn rewards points for every dollar you spend. You can redeem these points for vouchers, cash rebates, and other rewards. Additionally, you can enjoy unlimited cashback on your retail spend, dining deals, and exclusive dining deals.
Exclusive Student Perks
The Citi Clear Card for Students also comes with exclusive perks that are designed especially for students. For example, you can enjoy discounts on food delivery, groceries, petrol, and entertainment. You can also get access to Citi World Privileges, which offers discounts on travel, dining, and lifestyle.
The annual fee for the Citi Clear Card for Students is $29.96, and the credit limit is determined by your income and credit history. To be eligible for this card, you must be a matriculated student and be at least 18 years old.
To manage your card account, you can use the Citi Mobile App, which allows you to view your card transactions, check your rewards points, and pay your bills. You can also use Citi Pay with Points to redeem your rewards points instantly for eligible spend.
Overall, the Citi Clear Card for Students is a great option for students who want to earn rewards and save money on their daily expenses. With its range of features and benefits, this card can help you manage your finances and enjoy your student life to the fullest.
Comparing Student Credit Cards
Citi Clear Card Versus Alternatives
If you’re a tertiary student looking for a credit card, you may be wondering which one to choose. The Citi Clear Card is a great option, but there are also some alternatives to consider. Here’s a comparison of the Citi Clear Card and some other popular student credit cards in Singapore:
Citi Clear Card
The Citi Clear Card is a Mastercard credit card that is designed specifically for tertiary students. It has no minimum income requirement, making it accessible to all students. With this card, you can enjoy exclusive dining deals and shopping benefits, including discounts at over 1,000 merchants in Singapore. The annual fee for the Citi Clear Card is $29.96.
DBS Live Fresh Student Card
The DBS Live Fresh Student Card is another popular option for students. It comes with a credit limit of $500 and an annual fee of $192.60. With this card, you can earn 1% cashback on online and Visa contactless transactions, as well as 0.3% cashback on all other transactions.
Maybank eVibes Card
The Maybank eVibes Card is a great option for students who want to earn rewards on their spending. It has no minimum income requirement and comes with a credit limit of $500. With this card, you can earn 1 point for every $1 spent, which can be redeemed for vouchers, cash rebates, and more. The annual fee for the Maybank eVibes Card is $20.
CIMB AWSM Card
The CIMB AWSM Card is a great option for students who want a credit card with low fees. It has no annual fee and comes with a credit limit of $500. With this card, you can earn 1% cashback on dining, entertainment, and online purchases, as well as 0.2% cashback on all other transactions.
Standard Chartered Manhattan $500 Card
The Standard Chartered Manhattan $500 Card is a good option for new graduates who want to continue using a credit card. It has a minimum income requirement of $18,000 per year and comes with a credit limit of $500. With this card, you can earn 1 reward point for every $1 spent, which can be redeemed for vouchers, cash rebates, and more. The annual fee for the Standard Chartered Manhattan $500 Card is $32.10.
BOC Qoo10 Platinum Mastercard
The BOC Qoo10 Platinum Mastercard is a great option for students who shop online frequently. It comes with a credit limit of $500 and an annual fee of $190. It offers up to 10% cashback on Qoo10 purchases and up to 3% cashback on other online purchases.
Overall, the Citi Clear Card is a great option for tertiary students who want a credit card with exclusive dining and shopping benefits. However, if you’re looking for a card with rewards or low fees, there are other options to consider as well.
Financial Literacy and Management
Managing your finances can be challenging, especially when you’re a student. With the Citi Clear Card, you can enjoy exclusive dining deals and shopping benefits while learning about financial literacy and management.
Understanding Credit and Loans
Credit cards and loans are helpful financial tools that can help you manage your expenses and build your credit score. However, it’s important to understand how they work and how to use them responsibly. With the Citi Clear Card, you can learn about credit and loans through the Citi-SMU Financial Literacy Programme for Young Adults.
Building a Healthy Credit Score
Your credit score is an important factor in your financial health, as it affects your ability to get loans and credit cards in the future. With the Citi Clear Card, you can start building a healthy credit score by making timely payments and keeping your balance low. You can also learn about credit scores and how to improve them through the Citi-SMU Financial Literacy Programme for Young Adults.
Remember to manage your finances responsibly and avoid late payment charges. The Citi Clear Card also offers Ready Credit, which provides you with a line of credit that you can use for emergencies or unexpected expenses. Additionally, working adults and NSFs can also benefit from the Citi Clear Card’s exclusive privileges and promotions.
Protect your privacy and financial information by keeping your card and PIN secure. With the Citi Clear Card’s financial literacy resources, you can learn how to manage your finances effectively and make informed financial decisions.
Additional Card Features
When it comes to features, the Citi Clear Card has a lot to offer. Here are some of the additional features that you can enjoy with your student credit card:
Tech and Lifestyle Integration
The Citi Clear Card is more than just a debit card. It is also compatible with Samsung Pay, which makes it easy to make payments with your smartphone. This feature is perfect for those who prefer to go cashless and want to make payments on the go.
In addition, the Citi Clear Card is eco-friendly, which means that it is made from recycled materials. This is a great feature for those who are environmentally conscious and want to reduce their carbon footprint.
Another great feature of the Citi Clear Card is its overseas usage activation. This feature allows you to use your card when you travel abroad, which is perfect for students who want to explore the world.
Overall, the Citi Clear Card is a great option for students who are looking for a credit card that offers a range of features. With its compatibility with Samsung Pay, eco-friendly design, and overseas usage activation, the Citi Clear Card is perfect for students who want to make the most of their credit card.
Frequently Asked Questions
What are the perks of having a Citibank student credit card?
Owning a Citibank student credit card comes with several benefits, including earning rewards points for every dollar spent, access to exclusive deals and discounts, and the ability to build credit history.
How can you qualify for a Citibank student credit card in Singapore?
To qualify for a Citibank student credit card in Singapore, you must be a full-time student aged 18 years or older, hold a valid student pass, and have an annual income of at least $18,000.
What documents are required to apply for a Citibank student credit card?
To apply for a Citibank student credit card, you will need to provide a copy of your student pass, identification card, and proof of income or allowance.
Are there any exclusive discounts or deals with the Citibank student credit card?
Yes, Citibank offers exclusive deals and discounts for its student credit cardholders. These include discounts on dining, shopping, travel, and entertainment, among others.
How does the Citibank student credit card compare to other student cards available?
The Citibank student credit card stands out from other student cards available in Singapore due to its range of benefits, including earning rewards points, access to exclusive deals and discounts, and the ability to build credit history.
What is the process for applying for a Citibank student credit card?
To apply for a Citibank student credit card, you can visit the Citibank website or a Citibank branch in person. You will need to fill out an application form and provide the necessary documents, including a copy of your student pass, identification card, and proof of income or allowance. The approval process typically takes between 7 to 14 days.