|Summary of Product|
Headline Cashback Rate: 8%
Minimum Monthly spend: $888
Income Requirement: $30,000 (Singaporeans/PR), $42,000 (Foreigners)
Minimum Age: 21
Annual Fee (Waiver): $192.60 (First year waived)
Sign-up promotion: Yes ($200 in vouchers for new cardholders, $30 in vouchers for existing cardholders)
Table of Content
Why you should choose Citibank Cash Back Card
Do you eat out a lot?The Citibank Cash Back Card offers 8% cash back on your dining bills at cafes, restaurants and bars, in Singapore and overseas. This also applies for online food deliveries (via Deliveroo and foodpanda). If you regularly head out for food and drinks, this is one of the best cards to help you earn cash back from your dining bills.
Do you shop for groceries every week?If you’re in charge of getting weekly groceries from supermarkets chains like NTUC and Cold Storage, the Citi Cash Back Card offers one of the highest cash back rates in the market with 8% off your grocery spend. (Pro tip: keep your grocery spend on this card to $312 as there is a $25 cap for this category)
Will you charge around $800 every month to your credit card?If you’re already chalking up around $800 every month in your daily expenditure, consider using this credit card to earn cash back as you spend. Positioned as a card for your daily expenditure, your monthly expenses are likely to fall in one of the 4 categories (Dining, Groceries and Petrol). Specifically for Petrol, earn up to 20.88% at Esso and Shell stations. Do take note, however, that there’s a $25 cash back cap per category each month, so the maximum cash back you can earn is $75 per month.
Who can apply?
|Age Eligibility||At least 21 years of age|
|Income Eligibility||Singaporeans/PRs: S$30,000 of annual income Foreigners: S$42,000 of annual income|
What charges or fees should you look out for?
|Annual Fees||$192.60 (first year waived)|
|Late Payment Charge||$100|
|Interest on Purchases||26.9% per annum subjected to compounding if full payment is not made by payment due date|
|Interest on Cash Advance||26.9% per annum compounded daily on the amount withdrawn from the transaction date until the date that full payment is made|
How to apply?
- Front and back of NRIC/Passport/Employment Pass
- For salaried employees,
- Past 12 months' CPF statement (if Singaporean/PR); OR
- Latest Income Tax Notice of Assessment; OR
- Latest original computerised payslip
- For self-employed,
- Latest Income Tax Notice of Assessment and last 3 months bank statements