If you’re looking for a credit card that gives you great rewards and benefits, the SMRT credit card could be the perfect fit for you. This card is designed to give you cashback on your daily expenses, including groceries, online purchases, and public transport. With up to 5% savings on your daily spend, the SMRT credit card is a great way to make your money go further.
To understand the benefits of the SMRT credit card, it’s important to know how it works. The card functions as both a credit card and an EZ-Link card, allowing you to pay for your public transport fares with ease. In addition to this, you can earn SMRT$ on your purchases, which can be redeemed for cash rebates or rewards. With a low minimum spend requirement, it’s easy to earn maximum cashback on your expenses.
If you’re interested in applying for the SMRT credit card, it’s important to know whether you’re eligible and how to apply. You’ll need to meet certain income requirements and have a good credit rating to be approved for the card. Once you’ve been approved, you can start using your card to earn cashback and rewards on your daily expenses. By understanding how the SMRT credit card works and how to make the most of its benefits, you can save money and enjoy great rewards on your everyday spend.
Key Takeaways
- The SMRT credit card offers up to 5% savings on your daily spend, including groceries, online purchases, and public transport.
- The card functions as both a credit card and an EZ-Link card, allowing you to pay for your public transport fares with ease.
- To apply for the SMRT credit card, you’ll need to meet certain income requirements and have a good credit rating.
Understanding SMRT Credit Card Benefits
If you are looking for a credit card that offers great benefits for your daily expenses, the SMRT Credit Card from Citibank is definitely worth considering. Here are some of the benefits that you can enjoy with this card:
Rewards and SMRT$
With the SMRT Credit Card, you can earn SMRT$ for every dollar you spend using the card. You can then redeem these SMRT$ for vouchers that you can use at various merchants. For example, you can redeem your SMRT$ for vouchers that you can use at FairPrice, Cold Storage, and Giant supermarkets. You can also use your SMRT$ to pay for your taxi rides with Comfort and CityCab.
Cashback and Rebates on Daily Spend
In addition to earning SMRT$, you can also enjoy cashback and rebates on your daily spend with the SMRT Credit Card. You can get up to 5% savings on groceries, dining, and online shopping, and up to 2% savings on EZ-Reload Auto Top-up, and recurring bills. You can also earn up to 5% cashback on your daily spend when you meet the minimum spend requirements.
With the SMRT Credit Card, you can enjoy savings on your daily expenses and earn rewards at the same time. Apply for the SMRT Credit Card today and start enjoying the benefits it has to offer.
Eligibility and Application Process
If you’re a Singaporean or a PR, you can apply for the SMRT credit card if you’re at least 21 years old. Foreigners can also apply, but they must be at least 18 years old. In addition, you must meet certain income requirements to be eligible for the card.
Criteria for Singaporeans and PRs
To be eligible for the SMRT credit card, Singaporeans and PRs must have a minimum annual income of $30,000. If you’re self-employed, you must have an annual income of at least $42,000. There are no specific credit score requirements, but Citibank will consider your credit history when reviewing your application.
Documents Required for Foreigners
If you’re a foreigner, you’ll need to provide additional documentation when applying for the SMRT credit card. You’ll need to provide a copy of your passport, employment pass, and proof of income. You may also need to provide a copy of your tenancy agreement or utility bill to verify your address.
To apply for the SMRT credit card, you can visit the Citibank website and fill out an online application form. You’ll need to provide your personal and contact information, as well as your income and employment details. You’ll also need to provide your NRIC or FIN number if you’re a Singaporean or PR.
In conclusion, the SMRT credit card is a great option for Singaporeans, PRs, and foreigners who want to save money on their daily expenses. With its generous cashback rewards and additional benefits, the card is an excellent choice for anyone looking to get more out of their credit card.
Maximising Card Usage
If you’re looking to get the most out of your SMRT credit card, there are a few strategies you can employ to maximise your savings and rewards. Here are some tips to help you make the most of your card.
Strategies for Higher Savings
One of the best ways to maximise your savings with your SMRT card is to use it for your daily expenses. This includes your commute, groceries, and online purchases. By using your card for these expenses, you can earn cash rebates and save up to 5% on your purchases.
To get the most out of your card, consider using SimplyGo to pay for your commute. This feature allows you to use your SMRT card to pay for your public transport fares, including bus and train rides. You can also use your mobile wallet to pay for your commute, which is a convenient way to use your card without having to carry it with you.
Another way to maximise your savings is to take advantage of the EZ-Link auto top-up feature. This feature allows you to automatically top up your EZ-Link card when your balance falls below a certain amount. By using this feature, you can ensure that you always have enough funds on your EZ-Link card to pay for your commute.
Understanding Minimum Spend Requirements
To earn cash rebates with your SMRT card, you need to meet the minimum spend requirements. Currently, the minimum spend requirement is $500 per statement month. If you don’t meet this requirement, you won’t earn any cash rebates for that month.
However, if you’re a frequent user of your card, you may be able to meet the minimum spend requirement easily. In fact, if you use your card for your daily expenses, you may not even need to worry about the minimum spend requirement.
It’s also worth noting that there is no minimum spend requirement for SimplyGo transactions. This means that you can use your SMRT card to pay for your public transport fares without having to worry about meeting the minimum spend requirement.
Overall, by following these strategies and understanding the minimum spend requirements, you can maximise your savings and rewards with your SMRT credit card.
Fees and Charges
If you are considering getting an SMRT credit card, it is important to be aware of the fees and charges associated with this card. In this section, we will discuss the annual fees and waivers, interest rates and late payment charges.
Annual Fees and Waivers
The annual fee for the SMRT credit card is $192.60. However, Citibank offers a waiver for the first year, and subsequent years can also be waived if you spend at least $10,000 per year on your card. This means that if you use your card regularly and meet the spending criteria, you can enjoy the benefits of the card without having to pay an annual fee.
Interest Rates and Late Payment Charges
The interest rate for purchases made with the SMRT credit card is 26.9% per annum. If you make a cash advance, the interest rate is even higher at 28% per annum. It is important to note that interest is charged from the day of the transaction, and there is no interest-free period.
Late payment charges are also applicable if you do not make your minimum payment by the due date. The late payment charge is $100 or 5% of the minimum payment due, whichever is higher. In addition, if you exceed your credit limit, an overlimit fee of $40 will be charged.
In conclusion, while the SMRT credit card offers attractive benefits, it is important to be aware of the fees and charges associated with the card. By being a responsible cardholder and making timely payments, you can enjoy the benefits of the card without incurring unnecessary fees and charges.
Exclusive Promotions and Partnerships
If you are looking for exclusive deals and discounts, the Citibank SMRT Card is the perfect card for you. With partnerships with various merchants, you can enjoy exclusive promotions that are only available to Citibank SMRT Cardholders.
Lazada and Online Retail Deals
Citibank has partnered with Lazada, one of the largest online retailers in Singapore, to offer exclusive discounts and promotions to Citibank SMRT Cardholders. You can enjoy up to 10% off on Lazada purchases when you pay with your Citibank SMRT Card. This is a great way to save money while shopping online.
In addition to Lazada, Citibank SMRT Cardholders can also enjoy exclusive deals and promotions with other online retailers. These deals are constantly changing, so be sure to check the Citibank website for the latest promotions.
Dining and Fast Food Offers
If you love dining out or grabbing a quick bite, the Citibank SMRT Card has got you covered. Citibank has partnered with various restaurants and fast food chains to offer exclusive deals and promotions to Citibank SMRT Cardholders.
You can enjoy up to 20% off at selected restaurants and fast food chains when you pay with your Citibank SMRT Card. This is a great way to save money while enjoying your favourite food.
In addition to dining and fast food offers, Citibank SMRT Cardholders can also enjoy exclusive deals and promotions with other merchants. These deals are constantly changing, so be sure to check the Citibank website for the latest promotions.
With the Citibank SMRT Card, you can enjoy exclusive promotions and deals that are only available to Citibank SMRT Cardholders. Whether you are shopping online or dining out, the Citibank SMRT Card has got you covered.
Frequently Asked Questions
What fabulous perks come with the Citibank SMRT Card for commuters?
As a Citibank SMRT Cardholder, you can earn up to 5% SMRT$ rebates on your daily commute and groceries. The card also doubles up as an EZ-Link card, so you can enjoy cashless payments on buses, trains, and taxis. You can also enjoy exclusive promotions and discounts at selected merchants.
How can one delightfully redeem rewards with the Citi SMRT Card?
You can redeem your SMRT$ rebates for cash rebates, vouchers, or air miles. To redeem your rewards, simply log in to your Citibank Online account, select the “Rewards” tab, and follow the instructions. You can also redeem your rewards via SMS or phone.
What are the jolly terms and conditions of the Citibank SMRT Card?
The Citibank SMRT Card has a minimum income requirement of $30,000 per annum for Singaporeans and Permanent Residents, and $42,000 per annum for foreigners. The annual fee is $192.60, but it can be waived if you spend at least $10,000 per year. The interest rate is 26.90% p.a. for purchases and 29.90% p.a. for cash advances.
Is there a merry way to waive the annual fee for the Citibank SMRT Card?
Yes, you can waive the annual fee for the Citibank SMRT Card if you spend at least $10,000 per year. You can also enjoy a fee waiver for the first year if you are a new Citibank cardholder.
What’s the minimum spend required to relish the full benefits of the Citibank SMRT Card?
To enjoy the full benefits of the Citibank SMRT Card, you need to spend at least $500 per statement month. You can earn up to 5% SMRT$ rebates on your daily commute and groceries, subject to a cap of $80 per statement month.
How does one cheerfully use the Citibank SMRT card on the MRT with SimplyGo?
To use your Citibank SMRT Card on the MRT with SimplyGo, simply tap your card on the card reader at the gantry. The fare will be deducted from your card’s EZ-Link purse, and you can enjoy up to 5% SMRT$ rebates on your fare. You can also view your transaction history and fare charges via the SimplyGo portal or the TransitLink Mobile Services app.