Citibank Rewards Credit Card | Rewards Credit Cards in Singapore

Credit Cards

The Citibank Rewards Credit Card is one of Singapore’s more appealing credit cards for online shoppers, offering 10X rewards points (or $1 = 4 miles) when you shop online (excluding travel-related transactions). You can also use it to make certain offline purchases. 

What does this credit card offer?

The Citibank Rewards Card has been around for a while and is one of the bank’s main cards for those who want to earn points in the Citi Rewards Program. When you shop online and offline, take Grab or Gojek rides, or spend on online food or grocery delivery, you can earn Citi Rewards points (which can be exchanged for miles).

Annual Fee and Minimum Income

Here are the main terms and conditions of the Citibank Rewards Card so you know what you’re getting into:

• Annual Fee for Citibank Rewards Card: $192.60
• First-year Supplementary Card Annual Fee Waiver $96.30 (waived for the first year)
• 25-day interest-free period
• 26.9% annual interest rate
• Late Payment Penalty of $100 Minimum Monthly Repayment of 1% or $50, whichever is greater

Minimum Spend 
The Citibank Rewards Card, like most reward credit cards, has no minimum spending requirement, so you can use it as little or as much as you want.

Best Deals 

When you use the Citibank Rewards Card, you will earn points. The standard earning rate is 1X point for every $1 spent. The main benefit of the card is that it offers an accelerated earn rate of 10X points (equivalent to 4 miles) per $1 spent on specific types of spending. In other words, you can earn ten times the starting salary. You can earn the sweet 10X points on almost everything like clothes, footwear, accessories, children’s toys, sports apparel, travel-related expenses, online food delivery, online grocery, Grab or Gojek rides, and much more. 

When you receive 10x reward points, you are earning 1X base points and 9X bonus points. Each statement month, you can earn up to 9,000 bonus points. In other words, every statement month, you can earn 10X rewards points on up to $1,000 in spending.

Terms and Conditions for Citibank Rewards Card (Exclusions)

For any purchases that do not qualify for the 10X rewards points, you will earn 1X reward points for every $1 spent. Most types of spending should be eligible for at least the 1X point earn rate, but according to the terms and conditions, there are some Citibank Rewards card exclusions that earn nothing:

• annual fees, late payment fees, interest charges, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, fees, and charges
• funds transfer \sbills
• educational establishments
• fines, taxes, postal services, and parking insurance are all examples of payments to government institutions and services, financial establishments
• betting or gambling top-ups to payment service providers, prepaid cards, or prepaid accounts by non-profit organizations
• transportation expenses

How can I make the most of my credit card?

To get the most out of your card, spend the majority of your money on categories that earn you 10X points. However, you must spend no more than $1,000 in a statement month to receive the 9X bonus points.

Should I apply for a Citibank Rewards Credit Card?

If you buy a lot of clothes, the Citibank Rewards Card can be a good card to use because of its attractive earning rate on shopping. The card is also useful for those who frequently order food and groceries online or use Grab/Gojek.

If you primarily use it for travel spending or as an air miles card, the 10X points (equivalent to 4 miles) for travel-related transactions is also quite appealing when compared to some of the air miles cards on the market, but it is not the best earn rate available.

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