Citi Cash Back Credit Card is rated as one of the best cashback credit cards in Singapore right now and rewards you highly for your credit card spends.
For regular rewards, you have 8% cashback on groceries, petrol purchases, Grab rides and dining both in Singapore and overseas. Additionally, your fuel purchases at Esso and Shell will give you a rebate of up to 20.88%. Esso and Shell give you 5% Esso/Shell concession, 5% Smiles/Shell Escape concession if you are a programme member, 4% Citibank concession, and an extra 8% Citibank Cash Back Card concession on the net amount. All other transactions will earn you 0.25% cashback.
Get up to S$120 as cashback if you apply for a Citibank credit card, on spending at least S$200 per month for a duration of 6 months. This campaign is valid for new Citibank customers up to 30 June 2018.
You can enjoy the benefits mentioned below through this credit card:
The Citi Cash Back Visa Card is among those rare cashback cards that offer complementary travel insurance cover. The cardholder, their spouse and dependent children are covered under this free insurance. The policy is underwritten by AIG Travel Insurance. You need to activate the insurance and charge the full flight ticket through the Citi Cash Back Visa Credit Card to enjoy the benefits of this policy. The benefits are:
|Travel insurance benefits||Coverage amount|
|Accidental death and permanent disability||S$1 million (for principal and supplementary cardholders) S$50,000 (for dependent children)|
|Medical and accidental dental expenses for principal and supplementary cardholders||S$40,000|
|Medical and accidental dental expenses for dependent children||S$20,000|
|Emergency medical evacuation||S$100,000|
|Repatriation of mortal remains||S$50,000|
|Loss of luggage||Up to S$1,000|
|Delay in luggage arrival||Up to S$500|
|Delay in flight||Up to S$500|
|Trip cancellation||Up to S$500|
|Trip interruption||Up to S$500|
Citibank has a 0% instalment payment plan known as Equal Payment Plan (EPP). With EPP you can spread out the payment for your purchases for up to 2 years at 0% interest rate. This is applicable at around 1,000 merchants. However, using the EPP may not allow you to earn cashback, so use it only for large purchases that you may not be able to pay in full at the time of billing.
The charges applicable on the Citi Cash Back Visa Card are listed in the table below:
|Annual fee||S$192.60 (2nd year onwards)|
|Supplementary card fee||S$96.30 (2nd year onwards)|
|Interest rate||26% p.a.|
|Minimum monthly payment||S$50, or 1% of the current bill + 1% of outstanding bill + interest charges + late payment charge (if applicable), whichever is higher|
|Late payment fee||S$100|
|Cash advance fee||6% or minimum S$15, whichever is higher|
|Interest on cash advance||26.9% p.a.|
Almost everywhere in Singapore, the card technology in use is the EMV Chip. This is a more secure way of using the card because your details are shared with the merchant and verified in an encrypted form. However, in many other countries, the older magnetic stripe technology is still used.
Your Citi Cash Back Visa Credit Card has the magnetic strip, but for safety, it remains in a deactivated state unless you choose to activate it. If you are going outside Singapore and want to use the Citibank Cash Back Visa Card there, then you will have to activate the magnetic strip on your card first. This can be done by calling the Citibank Customer Care Hotline or through internet banking.
Purchases done in currencies other than Singapore dollars have to be converted at the day’s exchange rate before the payment is confirmed. Usually, US dollar (USD) transactions are converted directly to Singapore dollars (SGD), but any other currency is first converted into USD and then into SGD. With this Visa credit card, Australian dollar is converted into SG directly.
If you are in a situation where you need money urgently but don’t have time to go for a personal loan or line of credit, then you can resort to withdrawing money from your credit card. The amount of money you can withdraw will depend on your available credit limit. The interest rate on cash withdrawals is 26.9% p.a. which will be applicable from the day you withdraw the money. You will also have to pay a cash advance fee of 6% (minimum S$15) of the amount you withdraw. It is advisable to not go for cash withdrawals except in dire situations.
You can apply for the Citi Cash Back Visa Card conveniently on Bankbazaar.sg by providing us with your personal, contact and financial details.
Citibank charges an interest of 26% p.a. on card transactions and 26.9% p.a. on cash withdrawals. The minimum interest rate chargeable is S$3 per month. If your account is in good standing you may be offered a promotional interest rate of 20% p.a. on credit card transactions and 20.9% p.a. on cash advance.
An additional penal interest of 3% (29% and 29.9% for card transactions and cash advances, respectively) will be charged for both credit card bills and cash advances in case of more than 1 month of late payment. The interest will revert to normal levels if there are not more than one late payment in the last 6 months.
The minimum payment to be made every month for the Citi Cash Back Credit Card is the total of 1% of the current balance, 1% of any outstanding unbilled instalment amounts, interest charges (including interest/service charges for any recurring/instalment payments) and late payment charge – whichever of these is applicable. The minimum amount payable is S$50. If you delay your payment, a late payment fee of S$100 has to be paid. You get a grace period of 25 days from the date of the statement of account to make your bill payment.
You can pay your credit card bills in the following ways:
Under Singapore regulatory policy, your liability on a lost or stolen card is limited only up to S$100. This payment is required only if you haven’t managed to report the loss of card to the bank immediately. As soon as you discover that your credit card is missing from your person, call the Citibank 24-hour phone banking service and report the loss. You card will be blocked and no one can spend any more money using it. If the bank is convinced that you are not being fraudulent in your card use and the case is genuine, lost card liability on you is likely to be waived off.