Credit Cards

Citibank Rewards Card – MoneySmart Review 2019

moneysmart-review_CitiRewardsCreditCard

The Citibank Rewards Card is one of the more attractive credit cards in Singapore for shopaholics, offering 10X rewards points (or $1 = 4 miles) when you shop online (excluding travel). You can use it for certain offline purchases as well.

If you’re a serious digital native who regularly takes Grab, orders food from online delivery services, shop online, this arrangement should sound heavenly to you because the points you get from online shopping can be converted into frequent flyer miles or… even MORE shopping vouchers!

Let’s see how attractive this card really is:

 

Citibank Rewards Card terms & conditions

Citi Rewards Card
Annual fee & waiver $193 (waived for 1 year)
Supplementary annual fee First 2 supp cards free for 1 year, subsequently $96.30
Interest free period 25 days
Annual interest rate 26.90%
Late payment fee $100
Minimum monthly repayment 1% or $50, whichever is higher
Foreign currency transaction fee 2.8%
Cash advance transaction fee 6% or $15, whichever is higher
Overlimit fee $40
Minimum income $30,000 (Singaporean) / $42,000 (non-Singaporean)
Card association Mastercard, Visa
Wireless payment Mastercard PayPass, Visa payWave, Samsung Pay, Citi Pay

 

How the Citi Rewards Card works

The card’s main strength is its generous miles conversion rate. You get 10X rewards points, the equivalent of $1 = 4 miles, for all online spend (excluding travel-related purchases). 

While it used to be a card aimed at fashion categories, since April 2019, they offer 10X rewards points on all online purchases (excluding travel-related purchases).

You also enjoy discounts of up to 50% with some popular online shops like Foodpanda, Lazada, Zalora and Reebonz.

Note that there’s a cap of 10,000 points per statement month

Citi Rewards Card

Citi Rewards Card


Card Benefits

    • 10X Rewards (10 points or 4 Miles) for every S$1 spent on Shoes + Bags + Clothes at Online, Retail or Department stores, locally and overseas
    • Enjoy discounts of up to 50% at Foodpanda, Lazada, Zalora, Reebonz, and more
    • S$1 spent = 1 Rewards point (All other spend)

     

    What can you redeem from the Citibank rewards catalogue?

    Your points expire in 5 years, after which you can redeem them for rewards from the Citibank rewards catalogue.

    Here are some highlights from the Citibank rewards catalogue, and how much you’d have to spend in the bonus shopping categories to get them:

    Reward Points needed to redeem Amount spent on 10X categories
    $5 foodrepublic voucher 2,200 points $220
    $10 Courts voucher 4,400 points $440
    Eurospace Induction Cooker  18,800 points $1,880
    $50 Tangs gift card 22,000 points $2,200
    Bose Bluetooth Sports Headphones 79,300 points $7,930

    Citi’s rewards catalogue is actually one of the best in Singapore, as it has loads of items like watches and toys and hotel stays in addition to the usual miles and vouchers.

     

    Alternatives to Citibank Rewards Card

    The Citi Rewards Credit Card is a strong card, but it’s not the best. When it comes to shopping, it’s important to first figure out where you are going to be shopping most and then match the right card to maximise the benefits you get from the points multiplier.

    Let’s have a look at how the Citi Rewards Card compares to similar cards for shoppers:

    OCBC Titanium Card Very similar to the Citibank Rewards Card in that it gives you 10X rewards points (4 miles) per dollar spent on the same merchant categories, plus electronics and kids’ wear. It also includes giants like Taobao, Amazon and Best Denki, where it’s super easy to make huge purchases that rack up points. Similarly capped at 120,000 points for a one year period so you needn’t worry about bursting a monthly cap.

    OCBC Titanium Rewards Card

    OCBC Titanium Rewards Card


    Card Benefits

    • Supports Department, Retail & Online stores
    • 10x OCBC$ (10 points or 4 Miles) for every S$1 spent on clothes, shoes, bags, department stores, kidswear, electronic gadgets, online, offline, locally and overseas
    • 2% Cash Rebate when you spend at BEST Denki, on top of the existing 10 OCBC$ (worth 4 Miles) OCBC Titanium Rewards Cardmembers earn on a usual basis. Valid till 31 Jan 2019

    UOB Preferred Platinum Visa Card – Much less snazzy looking than the Citi Rewards card, but a good card nonetheless. It gives you 10X rewards (equivalent to 4 miles) when you spend online and when you make contactless payment using payWave or your mobile phone.

    UOB Preferred Platinum Visa Card

    UOB Preferred Platinum Visa Card


    Card Benefits

      • Enjoy 2% rebate at Metro, World of Sports and Winter Time
      • Enjoy 3% rebate at bYSI, ColorWash, Crocodile, DHL, and Sephora
      • Enjoy 5% rebate at Tissot

      HSBC Revolution Credit Card Get 5x rewards (equivalent to 2 air miles) every $1 spent on online transactions, local dining and entertainment. This includes not just shopping but air tickets, movie tickets, insurance premiums, etc. This card is nowhere near as generous as Citi Rewards, but there’s no cap and no minimum spend at all.

      HSBC Revolution Credit Card

      HSBC Revolution Credit Card


      Card Benefits

        • 5X Rewards points (or 2 air miles) per $1 spent on Online transactions
        • Includes airline/movie/concert tickets, hotel/travel/taxi bookings, food orders, insurance premiums, and online shopping sites
        • Excludes brokerages/securities and money payment/transfer websites

        Still keen on the Citibank Rewards Card? If this is your first Citibank card, you can get $200 NTUC FairPrice or CapitaLand vouchers just for signing up through MoneySmart.

        What is your favourite credit card to use for online shopping? Share your recommendations in the comments!

         

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        Best Citibank Credit Cards in Singapore – Credit Card Reviews

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