Citibank is a leading banking institute in Singapore and enjoys a strong global presence as well. Citibank hosts a range of Citi cards that specifically cater to a large consumer base and offer cards with varying benefits such as shopping credit cards, travel credit cards, dining credit cards, etc. Citibank also offers credit cards to working adults who have just started their professional career as well as students. Citibank’s student card is known as the Citibank Clear Credit Card. It offers reward points and savings at select dining outlets and on petrol expenses.
Citibank charges an annual interest rate of 28%. The card charges a minimum interest amount if the outstanding balance on the card is below S$3. The minimum interest charged is S$3. The interest is charged when you fail to make the full outstanding payment on your outstanding dues by your due date and the same will be applied to all new transactions made on your card until the balance has been paid in full.
If the outstanding dues on the card are paid in full and there is no balance being carried forward, then there will be no interest charged. The card offers an interest free period of 25 days. The interest-free period is only valid when you pay your outstanding dues in full.
|Product/Item||Fees and charges|
|Annual fee||S$29.96 for the principal credit card|
|Interest rate||28% p.a.|
|Interest on cash advance||28% p.a. with a minimum fee of S$3.|
|Late payment fee||A fee of S$40 is charged for every instance of late payment.|
|Minimum payment per month||S$25 OR 1% of your outstanding balance + outstanding minimum payment due (if applicable) + excess amount of your credit limit (if applicable), depending on whichever of the two is higher. If the total outstanding balance is below S$25, then that amount needs to be paid.|
|Fees charged on foreign currency transactions||
• Administrative fee of 2.8% of the transaction amount if processed by Visa or MasterCard.
• Administrative fee of 3.3% of the transaction amount if processed by American Express of which 1.5% is retained by American Express
|DCC or Dynamic Currency Conversion charges||All transactions made in Singapore Dollars but processed overseas will be charged a fee of 1% by Visa or MasterCard.|
|Credit card liability in case of loss/theft||S$100|
You must meet the following eligibility criteria in order to apply for this credit card:
The documents required when applying for the Citibank Clear Credit Card are dependent on the nature of the applicant. For applicants who are tertiary students who have attained the age of 21 or more, the documents required are as follows:
Students under the age of 21 are required to obtain consent from their legal guardian. As such, additional documents are required. For students below the age of 21, the following documents are required:
The documents required to be submitted by parents or legal guardians are as follows:
You can follow the simple steps given below to apply for this credit card:
Visit Citibank’s official website for Singapore and navigate to the Citibank Credit Card main webpage. On this webpage, click on the “Apply Now” option.
You will be directed to a page where you can get started on the application form. You will be required to fill in a few fields of information pertaining to your identity before you can download the form.
Once the form has been downloaded and filled in, you are required to email the application form to firstname.lastname@example.org to begin the processing of the application. Do note that you must keep your supporting documents ready and submit the required documents along with the application form.
Alternatively, you can visit your nearest Citibank branch to begin the application process. For further enquiries, you can also contact Citibank through their 24 hour customer service hotline at +65 6225 5225.
If you wish to cancel your Citibank Clear Credit Card, please contact Citibank’s Customer Service at +65 6225 5225. You can call on this number at any time for assistance 24 hours a day.
You can also email to the bank and a customer service representative will reach out to you within 72 hours to carry on with your enquiry.
Alternatively, you can visit any of the Citibank branches in Singapore that are closest to you and request for credit card cancellation.