Citi Rewards Card
Last updated: Aug 2021
S$ 30,000
Min. Annual Income
2.27 %
Cashback Retail
on shopping and online purchases
(Non-direct Cashback) S$1 local spend = 1 point on all other spend. 4200 points redeemed = S$10 cash credit. Equivalent to 2.27% cashback.
4 Miles Per Dollar
Air Miles Conversion
on shopping and online spend

Welcome Offers from Citibank

OFFER 1
Grab a Dyson Supersonic Hair Dryer (worth S$599) or an Apple Watch SE + AirTag Bundle (worth S$464) or S$350 cash
  • Promotion valid only for new Citibank cardmembers
  • A min. spend of S$500 must be made on eligible goods and services within 30 days of card approval
  • Existing Citibank cardmembers receive S$30 via PayNow, no min spend required
  • Valid till 17 Aug 2021
  • Terms and Conditions apply
Need some help?
No worries, we've got you covered!

Credit cards allow you to spend on your purchases today and make payment in the future, when it’s time to settle your monthly bill. If you miss the monthly payment, you will be charged a hefty interest rate of around 25% p.a.

The main draw about credit cards is that they help ease cash flow – you don’t have to suffer an immediate outflow of money as you’re spending ‘future money’. Besides being able to spend before you receive your pay, credit cards also reward you for your spending in the form of cashback, miles or reward points.


You can apply for a credit card online or using physical forms available at banks. Fill up the personal details required, submit the relevant documents (such as your NRIC and payslip or latest CPF statements), and wait for the application to be approved.

Most banks also offer the option of applying via MyInfo using SingPass. Applying via MyInfo speeds up the application process as most of the information required would have been pre-filled in for you. Sometimes, there are promos where you get rewarded cash gifts by applying with MyInfo.


When using a debit card, the money you spend is immediately deducted from the bank account linked to the debit card. You cannot spend more than the amount you currently have in your account.

On the other hand, credit cards allow you to spend on credit. This means that you do not actually make the payment for the purchase until you receive your credit card statement at the end of the statement or calendar month.


There are three main types of credit cards: cashback, miles and rewards cards. The credit card you choose would depend on your spending habits and personal preference. You can read this article to find out which of the three types is best for you.

If you are looking for a credit card for a specific spending type, you can check out these articles to find the best credit cards for:

Visa, Mastercard and American Express are different credit card payment networks. Most credit card providers offer one or two of the card networks for their credit cards. For example, for DBS Altitude, you can get either the DBS Altitude Visa Signature or DBS Altitude American Express. UOB PRVI on the other hand, offers all three options — UOB PRVI Miles Visa UOB PRVI Miles Mastercard and UOB PRVI Miles American Express.

From a cardmember’s standpoint, the payment in general does not differ, although there are a handful of places that might not accept American Express cards. The perks offered by these card providers do make a difference, in terms of dining promotions, airport transfers, lounge access, hotel benefits and more.


The most common fee you’ll incur with a credit card is the annual fee. This annual fee typically falls just under S$200 each year, although it differs from card to card. If you’re not keen on paying this annual fee, you’ll be glad to know that some credit cards come with a free annual fee waiver, while others waive your annual fee when you spend a certain amount each year.

Other credit card fees include:

  • Late payment charge: Incurred if your payment is not received by due date
  • Overlimit fee: If the total outstanding card balance exceeds the total credit limit at any time
  • Interest on purchases: Interest incurred on the outstanding amount if there is an amount that remains unpaid, until outstanding is paid in full. This can range from 25% to 28% p.a.

There is a minimum monthly payment you have to make for your credit card bill. This is the amount you would have to pay in the event you are unable to pay your credit card bill. The minimum monthly payment is typically 3% of the total balance or S$50, whichever is higher. But note that the outstanding balance would incur interest charges that are applicable on a daily basis until the full payment is received.

To avoid credit card fraud, you can set up Two-Factor Authentication (2FA) for all your bank accounts. You should be mindful to keep your passwords, PIN code and One-Time Password (OTP) to yourself. During correspondences with your bank or credit card provider, always check the source of the message or email to ensure it is genuine.


You can also read this article to get tips on how to prevent cyber attacks and safeguard your money.

If you’ve decided on the credit card to apply for, you can check out the promotions available on SingSaver. These promotions are a further incentive for you to sign up for the credit card, with rewards that range from cash via PayNow to free gifts such as wireless earbuds or GrabFood vouchers.

Here’s what you should look out for when signing up for a credit card promotion:

  • Do you have to be new-to-bank to enjoy the promotion? Most credit card sign up promotions are applicable for new-to-bank cardmembers. If you are an existing cardmember of the bank, you will likely be eligible for a different reward. This reward is typically not as attractive as the reward on offer for new-to-bank cardmembers.
  • What do you need to do to get the sign up reward? This could simply be having your credit card application approved, or having to activate your new credit card. Others could require you to make a transaction or hit a minimum spend in order to be eligible.

When does the promotion expire? Be sure to sign up for the credit card before the promotion deadline.

View All Credit Card FAQs
Shopping
Annual Fee Waiver

Great for

  • 10X rewards points (4 miles per S$1) on online spending except travel. Terms and Conditions apply.
  • Online category includes online shopping, taxi/ride-hailing apps, food delivery, online groceries
  • 10X rewards points (4 miles per S$1) on offline fashion shopping and department stores. Terms and Conditions apply.
  • 1X reward point for every S$1 on all other spending
  • No min. spend required
  • Rewards points conversion rates: 4,400 points = S$10 cash rebate, 25,000 points = 10,000 miles
  • Read our full review of the Citi Rewards Card

Need to know

  • 10X rewards are capped at 10,000 points per month i.e. S$1,000 spent
  • 10X rewards excludes travel purchases online and non-fashion purchases offline

Year-round rewards

All Spending
0.23 %
(Non-direct Cashback) S$1 local spend = 1 point on all other spend. 4200 points redeemed = S$10 cash credit. Equivalent to 0.23% cashback.
Dining Spending
0.23 %
(Non-direct Cashback) S$1 local spend = 1 point on all other spend. 4200 points redeemed = S$10 cash credit. Equivalent to 0.23% cashback.
Department Store Spending
2.27 %
(Non-direct Cashback) S$1 local spend = 1 point on all other spend. 4200 points redeemed = S$10 cash credit. Equivalent to 2.27% cashback.
Retail Spending
2.27 %
(Non-direct Cashback) S$1 local spend = 1 point on all other spend. 4200 points redeemed = S$10 cash credit. Equivalent to 2.27% cashback.
Online Shopping Spending (Local)
2.27 %
(Non-direct Cashback) S$1 local spend = 1 point on all other spend. 4200 points redeemed = S$10 cash credit. Equivalent to 2.27% cashback.
Local Spending
N/A

Eligibility

Minimum Age
21
Min. Annual Income
S$30,000

Fees

Annual fee
S$192.60 (First Year Fee Waiver)
Foreign Currency Transaction Fee
3.25%

Repayment

Minimum Payment
1% of current a/c balance plus 1% outstanding amount plus late charges or S$50, whichever is higher.
Late payment charge
S$100 if Minimum Payment Due is not received on or before the Payment Due Date.
Interest On Purchases
26.9%
Interest On Cash Advance
28.0%
Interest Free Repayment Period
25 Days

Other information

Supported Payment Type
Apple Pay
Samsung Pay
Credit card type
Mastercard

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