This card provides single payment solution for businesses.
Best suited for: Companies that have net worth of at least S$50,000 and are looking for a single payment solution to manage their employees’ business-related expenses.
|Rewards on Sole Corporate Liability||0.3%|
|Rewards on Joint & Several Liability||0.3% or 1 Citi Dollar for every S$1 spent. Additional 10% Citi rebate at select merchants|
|Rewards on Cardmember Liability and Personal Liability||1 Citi Dollar for every S$1 spent|
|Complimentary travel insurance||Up to S$1 million|
Sole corporate liability: Cashback of 0.3% of your business’ annual spending.
Joint & several liability: Cashback of 0.3% of your business’ annual spending or reward points in the form of Citi Dollars (1 Citi Dollar for every S$1 spent). Additionally, you will earn 10% Citi Rebate when you make purchases at participating merchants.
Cardmember liability and personal liability: 1 Citi Dollar for every S$1 spent. You can redeem your reward points for cash rebate or other various rewards. An additional 10% Citi Rebate will be credited to your account when you make purchases at participating merchants.
Take a look at some the terms applicable to the rewards programme on the Citi Corporate Card:
Let Us Illustrate:
Assume that you have purchased five Citi Corporate Cards for your employees, with sole corporate liability. Take a look at the table below to see how much cashback you can earn in a month on these five cards:
|Spend category||Monthly spend||Cashback rate||Cashback amount|
|Total||S$8,500||Cashback earned: S$25.5|
|Coverage type||Coverage amount|
|Accidental death||S$1 million per insured traveller|
|Permanent disablement||Up to S$1 million per insured traveller|
|Baggage loss||Up to S$850 per insured traveller|
|Baggage delayed||Up to S$250 per insured traveller|
|Flight delay or misconnection||Up to S$250 per insured traveller|
|Corporate liability waiver||Up to US$25,000 per cardholder or up to US$1.65 million per company|
The complimentary travel insurance covers any employee who holds this card and who is under 70 years old, residing in Singapore or outside Singapore. The employee can be a Singaporean, Singaporean PR, or foreigner.
|Type of interest||Charge|
|Retail purchases||26.9% p.a. or S$3 per month, whichever amount is higher|
|Cash advance||26.9% p.a. or S$3 per month, whichever amount is higher|
|Instalment payment plan||0%|
|Type of charge||Charge|
|Overseas transaction fee||Up to 2.8%|
|Late payment fee||S$100|
|Cash advance fee||S$15 or 6% of the withdrawal, whichever amount is higher|
|Supplementary card fee||Not available|
You are eligible to apply for this card provided you satisfy the following conditions:
Yes, you will have to get the card activated before you can use it overseas. The magnetic stripe, which is still being used in many counties to process POS transactions, is deactivated to ensure your protection from fraudulent transactions. It can be activated through SMS, phone banking, mobile app, or through internet banking.
This plan allows you to convert your large credit card purchases into interest-free, monthly instalments. You can choose to convert your purchase into instalments of up to 24 months. Citi’s Equal Payment Plan applies only to the transactions made at participating merchants.
Under this plan, you can convert your credit card purchases worth S$500 or more into six monthly instalments. A one-time service fee of 5% will be charged.
In such an event, you must report the incident to the bank immediately. You can report the incident through your Citi mobile app, if you have Citi online account. If you don’t have an online account, you can call 24/7 CitiPhone banking line.
If there are any unauthorised transactions on your card, your liability will be limited to S$100. However, you will have to prove that you took all possible steps to prevent the loss/theft.
If you are looking to get relevant information about financial products in Singapore and want to know the perks of credit cards explained properly, you can search on our website. Here you can get familiarised with the features and benefits of all available cards in detail.