Rewards Credit Card by Citibank | Credit Card Deals in Singapore

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The Citibank Rewards 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. In this blog, we tell you about rewards credit card by Citibank in Singapore. 

Rewards Credit Card by Citibank Singapore

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, Minimum Income, etc.

• The annual fee stands at $192.60 per year
• 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 Salary: $30,000 (Singaporean/PR) / $42,000 (non-Singaporean)
• The minimum monthly repayment is 1% of the loan amount, or $50, whichever is greater.

Minimum Spend on Citibank Rewards Card

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.

Rewards Credit Card by Citibank Singapore – Advantages of the Citibank Rewards Card

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 earning 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.

Here’s what you can spend your money on to get that sweet, sweet 10X point earning rate:

Clothing, footwear, and handbags purchases from merchants classified as – department stores – men’s and boys’ clothing and accessory stores – women’s ready-to-wear stores, women’s accessory and specialty shops, children’s and infant’s wear shops, family clothing shops – sports and riding clothing shops, shoe stores – men’s and women’s clothing stores, various clothing and accessory stores, shops selling luggage and leather goods.

Transactions involving travel, such as – airlines, air carriers, car rental agencies, lodging, hotels, motels, resorts, passenger railways, cruise lines, tour operators and travel agencies, direct marketing, travel-related planning services, Rides on Grab or Gojek, Food delivery via the internet, Online shopping for groceries, etc.

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. Another significant advantage is that when you charge your airfare to the Citi Rewards Card, you receive free travel insurance.

How can I make the most of my Citibank Rewards 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 Card?

If you buy a lot of clothes, whether because you’re a fashionista or because you have an entire family and children to clothe, the Citibank Rewards Card can be a good card to use because of its attractive shopping earning rate. 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 expenses or as an air miles card, the 10X points (equivalent to 4 miles) for travel-related transactions are also quite appealing.

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