If you are looking for a credit card that offers great rewards and benefits, then you might want to consider the Citi M1 Credit Card Singapore. This card is designed for M1 customers who want to earn cashback and discounts on their M1 bills and purchases. With up to 10% rebate on recurring M1 bills, 1% cashback on purchases at M1 shops and 0.3% cashback on all other retail transactions, this card is a great option for those who want to save money.
In this quick review, we will take a closer look at the Citi M1 Credit Card Singapore, including its benefits, rewards, and fees. Whether you are looking for a card that helps you earn cashback on your everyday spending or you want to save money on your M1 bills, the Citi M1 Credit Card Singapore could be the right choice for you. We will also discuss the eligibility criteria and application process, so you can easily apply for this card and start enjoying its benefits.
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Looking for a credit card that rewards your M1 loyalty? The Citi M1 Credit Card might be the perfect fit. Here’s a quick rundown:
Pros:
- Earn up to 10% cashback on M1 bills and 1% on M1 store purchases.
- Enjoy various Citi M1 Cardholder perks and promotions.
- Transfer your points to KrisFlyer miles for travel.
Cons:
- Annual fee applies (waived for the first year).
- Relatively high interest rate compared to other cards.
- Limited benefits outside of M1 ecosystem.
Ideal for:
- Existing M1 subscribers who want to save on their bills and earn rewards.
Not ideal for:
- Individuals seeking a general-purpose credit card with broader rewards and benefits.
In summary, the Citi M1 Credit Card offers targeted benefits for M1 customers. If you’re an M1 subscriber who spends heavily with them, this card could be a good option. However, if you’re looking for a more versatile card with wider benefits, consider exploring other options.
Key Features of the Citi M1 Card
If you are an M1 subscriber, the Citi M1 Card is an excellent option to consider. It offers an array of features that make it an attractive credit card to have. Here are some of the key features of the Citi M1 Card:
Citi M1 Rebate and Cashback
The Citi M1 Card offers up to 10% Citi M1 Rebate on your M1 recurring bills. You can use these rebates to offset your M1 bills or convert them to KrisFlyer miles. In addition, you can enjoy 1% cashback on purchases at M1 shops and 0.3% cashback on all other retail transactions.
Annual Fee and Charges
The annual card fee for the Citi M1 Card is $180 plus GST, which is waived for the first year. The annual fee for supplementary cards is $90 plus GST, which is also waived for the first year. There are no activation fees for Daily and Data Passport, and you can enjoy 10% off phone accessories.
Eligibility and Income Requirement
To be eligible for the Citi M1 Card, you must be an existing M1 subscriber with a minimum income of $30,000 p.a. You will need to provide your Income Tax Notice of Assessment and latest original computerized payslip when you apply for the card.
Rewards and Savings
When it comes to the Citi M1 Credit Card, you can expect to earn fantastic rewards and enjoy significant savings across various categories. Let’s delve into the specific areas where this card can bring you substantial benefits.
M1 Bills and Recurring Charges
With the Citi M1 Credit Card, you can earn Citi M1 Rebate on your M1 recurring charges, offering you potential savings on your monthly bills. Depending on your total spend, you can receive a base rebate on all retail purchases, along with an additional bonus rebate on M1 recurring charges.
Retail Purchases and Online Spend
Every time you make retail purchases, whether in local or foreign currency, you have the opportunity to earn Citi M1 Rebate. This means that your everyday spending can translate into valuable rewards, making your purchases even more rewarding. Additionally, the card provides benefits for online spend, further enhancing your potential for savings.
Dining and Petrol Benefits
The Citi M1 Credit Card extends its benefits to dining and petrol expenses. By using this card for dining out or refuelling at select petrol stations such as Esso and Shell, you can earn rewards and enjoy potential savings, adding extra value to your everyday expenses.
Additional Perks and Offers
As a Citi M1 Credit Cardholder, you get to enjoy a range of additional perks and offers that come with the card. Here are some of the benefits that you can look forward to:
Welcome Gift and Promotions
Upon successful application and approval of your Citi M1 Credit Card, you will receive a welcome gift of up to S$200 cashback. This welcome gift is valid for new cardholders only and is subject to terms and conditions.
In addition to the welcome gift, you can also enjoy various promotions throughout the year. Keep an eye out for promotions on dining, shopping, travel, and more. These promotions can help you save money and earn rewards while using your Citi M1 Credit Card.
Points Transfer and Miles
One of the best things about the Citi M1 Credit Card is that you can transfer your points to miles with ease. With the Citi PremierMiles or Citi Rewards program, you can convert your points to miles and redeem them for flights, hotel stays, and other travel-related expenses.
For example, you can convert your Citi M1 Rebates to KrisFlyer miles, which can be used to redeem flights with Singapore Airlines and its partner airlines. This is a great way to maximise the value of your rewards and enjoy more travel experiences.
Exclusive Citi Privileges
As a Citi M1 Credit Cardholder, you can also enjoy exclusive privileges with Citi. These privileges include discounts on dining, shopping, entertainment, and more. You can also enjoy access to exclusive events and experiences, such as concerts, movie screenings, and sporting events.
Some of the exclusive privileges that you can enjoy include discounts at selected merchants, such as Lazada and Zalora. You can also enjoy discounts on travel-related expenses, such as hotel bookings and car rentals.
Using Your Citi M1 Card
As a Citi M1 Cardholder, you have access to a range of features and benefits that make your everyday transactions more convenient and secure. Here are some of the key features of your Citi M1 Card:
Contactless Payments and Security
Your Citi M1 Card is equipped with contactless payment technology, allowing you to make fast and secure payments at thousands of merchants across Singapore. Simply tap your card on the contactless reader to make a payment of up to $100. This feature not only saves you time, but also provides added security as you don’t have to hand over your card to the merchant.
Managing Your Card Online
With Citibank Online, you can manage your Citi M1 Card account from anywhere, at any time. This secure online platform allows you to view your account balance and transaction history, as well as pay your bills and set up alerts for important account activity. You can also update your personal information and contact details, making it easy to keep your account up-to-date.
Supplementary Cards and Family Sharing
If you have family members or loved ones who could benefit from the features and benefits of the Citi M1 Card, you can apply for supplementary cards for them. This allows them to enjoy the same rewards and privileges as you, while also allowing you to manage their spending and keep track of their transactions. You can apply for up to 4 supplementary cards for your family members or loved ones, making it easy to share the benefits of your Citi M1 Card.
Tip: Unlock Extra Rewards with Citi M1 Card’s Bonus Categories!
Exciting news for all Citi M1 Cardholders! Did you know that your card offers exclusive bonus categories that can supercharge your rewards? Explore new opportunities to earn extra points by utilizing your Citi M1 Card for specific spending categories.
Keep an eye out for rotating bonus categories each quarter, such as dining, travel, or online purchases. By strategically aligning your expenses with these bonus categories, you can maximize your reward points and enjoy even greater benefits.
Understanding the Fine Print
When applying for a credit card, it’s essential to understand the terms and conditions, interest rates, and fees for additional services. Here’s what you need to know about the fine print of the Citi M1 Credit Card in Singapore.
Terms and Conditions
Before signing up for a credit card, it’s essential to read and understand the terms and conditions. The Citi M1 Credit Card comes with terms and conditions that you need to be aware of, such as the minimum income requirement of $30,000 per annum, the annual fee of $180 (waived for the first year), and the eligibility criteria for earning rebates on M1 recurring charges.
Interest Rates and APR
The Citi M1 Credit Card offers an interest rate of 26.9% per annum, which is relatively high compared to other credit cards in Singapore. It’s essential to pay your balance in full each month to avoid paying high interest charges.
Fees for Additional Services
The Citi M1 Credit Card comes with additional services such as device accessories and replacement for lost and damaged SIM cards. The cost of these services varies, and you should check the fees before using them.
It’s important to note that the Citi M1 Credit Card is not the only credit card available in Singapore. You should compare different credit cards and choose the one that best suits your needs.
How to Apply for the Citi M1 Card
If you are interested in applying for the Citi M1 Card, you’ll be glad to know that the process is straightforward and easy to follow. In this section, we’ll guide you through the application process and explain the required documents. We’ll also highlight the advantages of being a Citigold or Citigold Private Client member.
Application Process
To apply for the Citi M1 Card, you can visit the Citi website and click on the “Apply Now” button. The application process should take around 15 minutes to complete, and you’ll receive a response within 1-2 weeks.
Alternatively, you can call the CitiPhone hotline at 6225 5225 to speak to a customer service representative who can guide you through the application process.
Required Documents
To apply for the Citi M1 Card, you’ll need to provide the following documents:
- A copy of your NRIC (front and back)
- Your latest computerised payslip or latest 12 months’ CPF statement
- For self-employed applicants, your latest Notice of Assessment from the Inland Revenue Authority of Singapore (IRAS)
Citigold and Citigold Private Client Advantages
If you’re a Citigold or Citigold Private Client member, you can enjoy additional benefits when you apply for the Citi M1 Card. For example, if you’re a Citigold member, you can enjoy an additional 1% Citi Rebate on your M1 recurring bills, on top of the standard 10% Citi Rebate. If you’re a Citigold Private Client member, you can enjoy an additional 2% Citi Rebate on your M1 recurring bills, on top of the standard 10% Citi Rebate.
To qualify for Citigold or Citigold Private Client, you’ll need to maintain a minimum balance of Fresh Funds in your Citi account. Fresh Funds refer to funds that are transferred from accounts outside of Citi. The minimum balance for Citigold is SGD 250,000, while the minimum balance for Citigold Private Client is SGD 1,500,000.
Frequently Asked Questions
What splendid promotions come with the M1 Credit Card currently?
Citi M1 Credit Card offers an array of promotions that you can take advantage of. Some of the ongoing promotions include a welcome gift of up to $350 cashback when you apply for a Citi Credit Card and spend a minimum of $500 within the first month of card approval. You can also enjoy up to 10% off on your monthly M1 bills when you charge them to your Citi M1 Credit Card.
How do I make a payment for my M1 Credit Card, and is it a fuss-free process?
Making payments for your Citi M1 Credit Card is easy and hassle-free. You can make payments via AXS stations, online banking, or at any Citibank branch. You can also set up a recurring payment arrangement to ensure that your payments are made on time every month.
What are the dazzling benefits of the Citi Platinum Visa Card that I should be aware of?
The Citi Platinum Visa Card offers a range of benefits that you should be aware of. These include earning Citi M1 Rebates on your M1 recurring charges, dining privileges at over 1,000 restaurants islandwide, and access to Citi World Privileges, which offers discounts on travel, shopping, and dining.
Could you enlighten me on the requirements to obtain an M1 Credit Card?
To be eligible for a Citi M1 Credit Card, you must be an existing M1 subscriber with a minimum income of $30,000 per annum. You must also be at least 21 years old and a Singaporean citizen or permanent resident.
How swiftly does Citi typically approve a credit card application?
Citi typically takes up to 14 business days to process and approve a credit card application. However, this may vary depending on the completeness of your application and the supporting documents that you provide.
What’s the likelihood of getting approved for a Citi credit card, and is it a challenging endeavour?
The likelihood of getting approved for a Citi credit card depends on various factors, including your credit score, income, and debt-to-income ratio. While it may be a challenging endeavour for some, Citi offers a range of credit cards that cater to different income levels and credit profiles, so there’s a good chance that you’ll find a card that suits your needs.
Streamlined Loan Options Await
The demand for personal loans in Singapore has surged, driven by various factors like rising daily expenses, vacation plans, or the allure of new technology. While individual motivations differ, a personal loan offers a feasible solution when upfront payment isn’t possible.
Applying for a loan at Quick Credit Pte Ltd, a licensed moneylender in Jurong, is a straightforward process. To get started, simply gather the following:
- NRIC/Work Pass
- Latest 3 months’ payslips
- CPF Contribution Statements (Singaporeans only)
- Proof of Address (Foreigners only)
With these documents readily available, you can navigate the loan application process with ease.