Looking for a credit card in Singapore that offers cashback on all your spending? Look no further than the Citi Cash Back+ Card. This card offers a simple and straightforward way to earn cashback on all your purchases, with no minimum spend required. In this quick review, we’ll take a closer look at the features and benefits of the Citi Cash Back+ Card, so you can decide if it’s the right card for you.
The Citi Cash Back+ Card is a great option for anyone who wants to earn cashback on all their spending, without having to worry about complicated rewards programs or minimum spend requirements. With this card, you’ll earn 1.6% cashback on all your spending, with no cap on the amount you can earn. Plus, you’ll enjoy a range of other benefits, including exclusive dining and shopping deals, and access to Citi World Privileges. Whether you’re looking to earn cashback on your everyday spending, or you want a card that offers great rewards on dining and entertainment, the Citi Cash Back+ Card is definitely worth considering.
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Looking for a simple cashback card with no frills? The Citi Cash Back+ Card Singapore might be the right fit for you. Here’s a quick summary:
- 1.6% cashback on all spending: Earn cashback on everything from groceries to travel, with no minimum spend required and no cap on what you can earn.
- No annual fee for the first year: Save on the annual fee in the first year, making it easier to try out the card.
- Easy redemption: Redeem your cashback instantly via SMS or through the Citibank app.
Who is this card good for?
This card is ideal for anyone who wants a straightforward cashback card without complicated rewards programs or minimum spending requirements.
Is there a catch?
There are a few exclusions to keep in mind, like annual fees, instalments, and insurance premiums. However, for everyday spending, the Citi Cash Back+ Card offers a simple and rewarding option.
Remember: This is just a quick overview. For full details, refer to the main article.
Key Features of the Citi Cash Back+ Card
If you’re looking for a credit card that offers generous cashback rewards, the Citi Cash Back+ Card is an excellent choice. Here are some of the key features that make this card stand out:
Unlimited Cashback
With the Citi Cash Back+ Card, you can earn unlimited cashback on all your spending. That means you can earn cashback on everything from your daily groceries to your big-ticket purchases. Plus, there’s no cap on the amount of cashback you can earn, so you can keep earning rewards as long as you keep using your card.
No Minimum Spend
Unlike some other cashback credit cards, the Citi Cash Back+ Card has no minimum spend requirement. That means you can earn cashback on every single purchase, no matter how small. Whether you’re buying a cup of coffee or a new laptop, you’ll earn cashback on your spending.
Other key features of the Citi Cash Back+ Card include:
- Earn 1.6% cashback on all your local and overseas spending
- No cap on the amount of cashback you can earn
- Redeem your cashback instantly via SMS or Citi Pay with Points
- Annual fee of S$192.60 (waived for the first year)
Understanding the Fees
If you’re considering getting the Citi Cash Back+ Card Singapore, it’s important to understand the fees associated with it. Here’s what you need to know:
Annual Fee
The Citi Cash Back+ Card Singapore has an annual fee of S$192.60 (inclusive of GST) which is waived for the first year. This fee is charged on a yearly basis and is automatically deducted from your credit limit. However, the annual fee is waived if you spend at least S$10,000 in a membership year.
Other Charges
In addition to the annual fee, there are other charges associated with the Citi Cash Back+ Card Singapore. Here’s a breakdown of the other fees you may be charged:
- Overlimit Fee: If you exceed your credit limit, you will be charged an overlimit fee of S$40.
- Late Payment Fee: If you do not make your minimum monthly repayment by the payment due date, you will be charged a late payment fee of S$100.
- Foreign Currency Transaction Fee: If you make a purchase in a foreign currency, you will be charged a fee of 3.25% of the transaction amount.
- Cash Advance Transaction Fee: If you withdraw cash using your credit card, you will be charged a fee of 6% of the transaction amount or S$15, whichever is higher.
- Supplementary Annual Fee: If you add a supplementary cardholder to your account, you will be charged an annual fee of S$96.30 (inclusive of GST).
It’s important to note that if you do not make your minimum monthly repayment on time, you will be charged both a late payment fee and interest on the outstanding balance. Therefore, it’s important to make sure you pay your bills on time to avoid unnecessary fees.
Eligibility and Application
If you’re looking for a no-frills credit card that offers unlimited cashback, the Citi Cash Back+ Card is a great choice. Here’s what you need to know about the card’s eligibility and application process.
Income Requirement
To be eligible for the Citi Cash Back+ Card, you need to meet the following income requirements:
- Singapore citizens and permanent residents: minimum annual income of £30,000
- Foreigners: minimum annual income of £42,000
Application Process
You can apply for the Citi Cash Back+ Card online or in person at a Citibank branch. Here’s what you’ll need to provide:
- Personal information: Your name, contact details, and identification documents such as your NRIC or passport
- Employment information: Your current employment status, company name, and contact details
- Income information: Your annual income, employment pass details (if applicable), and any other sources of income
Once you’ve submitted your application, Citibank will review it and notify you of the outcome. If your application is approved, you should receive your Citi Cash Back+ Card within a few business days.
Rewards and Benefits
Are you looking for a credit card that rewards you for your everyday spending? Look no further than the Citi Cash Back+ Card Singapore. With this card, you can earn cash rebates on various categories, get a welcome gift, and enjoy additional perks.
Cash Rebates on Categories
One of the best things about the Citi Cash Back+ Card Singapore is that you can earn cash rebates on various categories. You can earn a minimum of 1.6% cash back daily on all your spending, with no minimum spend required and no cap on cash back earned. Plus, if you are a Citi Plus customer, you can get an additional bonus cash back of 0.4% on spending. This means that you can earn cash back on all your groceries, petrol, dining, travel, and more.
Welcome Gift
As a new cardholder, you will receive a welcome gift when you apply for the Citi Cash Back+ Card Singapore. You can choose from a range of gifts, including S$350 cash or an Apple Watch SE (worth S$419). To qualify for the welcome gift, you need to spend a minimum of S$500 within the first month of card approval.
Additional Perks
In addition to cash rebates and a welcome gift, the Citi Cash Back+ Card Singapore also comes with additional perks. You can enjoy entertainment and dining privileges, such as discounts at restaurants and exclusive access to events. You can also get travel insurance coverage when you charge your travel expenses to your card. Plus, you can enjoy fuel savings and discounts at over 24,000 Citi World Privileges merchants worldwide.
Spending and Earning
Spend to Earn Ratio
When using the Citi Cash Back+ Card, you can earn a competitive 1.6% cashback on all eligible purchases, without any minimum spend requirement. This means that for every pound you spend, you receive a percentage back as cashback, allowing you to maximise your rewards with every purchase.
Maximising Cashback
To maximise your cashback, consider focusing on your online spend, as the card offers the same cashback rate for all spending categories. This allows you to earn cashback on various eligible purchases, without the need to meet a minimum spend. With no cashback cap per month, the potential for earning rewards is unlimited, making the Citi Cash Back+ Card a valuable addition to your wallet.
Comparative Analysis
Against Other Citi Cards
When comparing the Citi Cash Back+ Card with other Citi cards, you will find that it offers a unique proposition. Unlike the Citi Cash Back Card, which provides higher cashback for groceries and petrol, the Citi Cash Back+ Mastercard offers a flat rate of cashback across all spending categories.
Additionally, the Citi Pay feature enhances the convenience of making payments with the Cash Back+ Card, setting it apart from other Citi cards such as Citi SMRT, Citi PremierMiles, and Citi Rewards.
Against Competitor Cards
In comparison to competitor cards like the UOB One Card and UOB Absolute Cashback Card, the Citi Cash Back+ Mastercard stands out with its unlimited cashback feature and the flexibility to earn rewards on all purchases, without any minimum spend requirements.
Similarly, when compared to the American Express True Cashback Card, the Citi Cash Back+ Card offers a compelling alternative with its broader acceptance and competitive cashback rates.
Moreover, the Citi Cash Back+ Card competes favourably with other popular cards like the POSB Everyday Card, Maybank Family & Friends Card, and OCBC 365, providing a strong value proposition for everyday spending.
Tip
Looking to maximize your cashback rewards? Consider pairing your Citi Cash Back+ Mastercard with a card that offers bonus rewards for specific categories like groceries or dining.
This way, you can enjoy the best of both worlds: the flat-rate cashback on all purchases with your Citi card and the boosted rewards on select categories with your companion card.
Keep an eye out for special promotions and bonus categories to further enhance your cashback earnings!
Payment and Transactions
When it comes to payments and transactions, the Citi Cash Back+ Card offers a range of convenient options to make your life easier. Here’s what you need to know:
Online and Retail Payments
You can use your Citi Cash Back+ Card to make payments both online and in retail stores. The card is accepted at millions of merchants worldwide, so you can use it for all your shopping needs. Whether you’re buying groceries, clothes, or electronics, you can earn cashback on every purchase.
When shopping online, you can use your Citi Cash Back+ Card to pay on popular e-commerce platforms such as Lazada, Shopee, and Qoo10. You can also use it to make payments on food delivery apps such as Deliveroo and Foodpanda.
International Transactions
If you’re travelling abroad, you can use your Citi Cash Back+ Card to make payments in foreign currencies. The card comes with a foreign currency transaction fee of 3.25%, but you can still earn cashback on your purchases.
In addition, you can use your Citi Cash Back+ Card for wireless payments using Samsung Pay. Simply add your card to your Samsung Pay account and you can make payments with a tap of your phone.
Additional Card Features
Supplementary Cards
One of the best features of the Citi Cash Back+ Card Singapore is that you can get up to 5 supplementary cards for your family members or friends. This means that you can earn cashback on their spending too, which can add up to significant savings over time.
The best part? You can get supplementary cards for free, and there is no fuss or complicated process involved. All you need to do is apply for them online, and they will be delivered to your doorstep.
Digital Wallet Compatibility
The Citi Cash Back+ Card Singapore is compatible with a variety of digital wallets, including EZ-Link and Samsung Pay. This means that you can use your card to make payments via your smartphone, making it even more convenient and hassle-free.
Whether you’re out shopping or commuting to work, you can simply tap your phone to make payments, without having to worry about carrying cash or cards. Plus, with the Citi Cash Back+ Card Singapore, you can earn cashback on all your digital wallet transactions too.
Limitations and Exclusions
Cashback Exclusions
While the Citi Cash Back+ Card offers an impressive 1.6% cashback on all purchases with no minimum spending requirement and no cap on cashback earned, there are certain exclusions to keep in mind.
You won’t earn cashback on payments made towards annual fees, instalments, bills, payments to educational, governmental, and financial institutions, insurance premiums, and more. Additionally, you won’t earn cashback on payments made towards late payment fees, balance transfers, cash advances, and any other fees and charges.
Category Restrictions
The Citi Cash Back+ Card has no category restrictions, meaning you can earn cashback on any purchase you make. However, keep in mind that the cashback rate is fixed at 1.6%, so if you make a lot of purchases in a certain category, such as dining or travel, you may want to consider a card that offers a higher cashback rate in those categories.
It’s also worth noting that the Citi Cash Back+ Card does not offer any additional benefits, such as travel insurance or airport lounge access. If you’re looking for a card with additional perks, you may want to consider other Citibank credit cards.
Lifestyle and Convenience
If you’re looking for a credit card that can help you save money on your daily expenses, the Citi Cash Back+ Card Singapore is definitely worth considering. This card offers cashback on a wide range of categories, including dining and entertainment, fuel and transport, and utilities.
Dining and Entertainment
With the Citi Cash Back+ Card Singapore, you can enjoy up to 6% cashback on dining and entertainment. This is perfect if you love going out to eat or catching a movie with friends. Whether you’re looking for a fancy restaurant or a casual cafe, you can save money every time you use your card.
Fuel and Transport
If you’re a driver, you’ll be happy to know that the Citi Cash Back+ Card Singapore also offers cashback on fuel and transport. You can enjoy up to 6% cashback on petrol at Shell and Esso petrol stations, as well as on public transport with SimplyGo. This is a great way to save money on your daily commute or road trips.
Customer Support and Services
As a Citibank Cash Back+ credit cardholder, you will have access to excellent customer support and services. The bank offers a range of assistance and enquiry services to help you with any questions or concerns you may have.
Assistance and Enquiries
Citibank’s customer service team is available 24/7 to assist you with any questions or concerns you may have about your Citibank Cash Back+ credit card. You can reach them by phone, email, or online chat. The bank also has a dedicated hotline for reporting fraud or scams.
In addition, Citibank offers a range of other services to help you manage your credit card account. For example, you can sign up for alerts to keep track of your account activity and monitor your spending. The bank also provides a range of online tools and resources to help you manage your account, including online banking and mobile apps.
Online Management
Citibank’s online banking platform is easy to use and provides a range of tools and resources to help you manage your Citibank Cash Back+ credit card account. You can use the platform to check your account balance, view your transaction history, and make payments. The bank also offers a range of online security features to help protect your account, including two-factor authentication and fraud detection.
In addition, Citibank’s mobile apps provide a convenient way to manage your credit card account on the go. You can use the app to check your account balance, view your transaction history, and make payments. The app also provides a range of other features, such as the ability to set up alerts and notifications, view your rewards balance, and access exclusive deals and promotions.
Frequently Asked Questions
What exclusive perks come with the Citi Cash Back+ Card?
The Citi Cash Back+ Card offers a range of exclusive perks to its cardholders. These include unlimited cashback on all spend, with no minimum spend required. Additionally, there are no caps on the amount of cashback you can earn each month. You also get access to exclusive promotions and discounts from time to time.
How can one redeem rewards from the Citi Cash Back+ Card?
Redeeming rewards from the Citi Cash Back+ Card is easy. You can redeem your cashback as statement credit or convert them into Citi ThankYou points. You can redeem your points for a wide range of rewards, including travel, dining, shopping, and more.
Are there any immediate approval processes available for the Citi Cash Back+ Card?
Yes, there is an immediate approval process available for the Citi Cash Back+ Card. You can apply for the card online and get an instant decision on your application. If you meet the eligibility criteria, you can receive your card within a few days.
What are the standout features of the Citi Cash Back+ Mastercard compared to other cards?
The standout features of the Citi Cash Back+ Mastercard include unlimited cashback on all spend, with no minimum spend required. Additionally, there are no caps on the amount of cashback you can earn each month. You can also enjoy exclusive promotions and discounts from time to time. The card also offers a wide range of benefits, including travel insurance, purchase protection, and extended warranty.
Which transactions are excluded from earning cash back on the Citi Cash Back+ Card?
There are some transactions that are excluded from earning cashback on the Citi Cash Back+ Card. These include balance transfers, cash advances, and any fees or charges incurred on the card.
How does the Citi Cash Back+ Card fare against other cashback cards on the market?
The Citi Cash Back+ Card is one of the best cashback cards on the market. With unlimited cashback on all spend, no minimum spend required, and no caps on the amount of cashback you can earn each month, it is hard to beat. Additionally, the card offers a range of exclusive perks and benefits, making it a great choice for anyone looking for a cashback card.
Streamlined Loan Applications – Quick Credit Pte Ltd
Personal loans in Singapore have seen a rise in popularity, driven by various needs and unforeseen expenses. Whether it’s a well-deserved vacation, a new electronic device, or simply managing rising costs, a personal loan can bridge the gap.
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