Citi Rewards Card:
Citi Rewards Credit Card is available in 2 iterations: Visa and MasterCard. This card is made for reward and shopping lovers, and comes with several opportunities to accumulate reward points and redeem them for attractive shopping and product options. This is an ideal starter credit card for hip and young people of Singapore.
You have to bear an administrative fee of S$25 for redemption. The maximum reward points you can earn under the 10-points programme in a year is 120,000. You can transfer your reward points into several airlines’ Frequent Flyer Programmes – such as KrisFlyer, Asia Miles, SkyMiles, Garuda Frequent Flyer, and Etihad Guest – or Hotel Membership programmes such as IHG Rewards Club and Hilton HHonors. Other redemption methods are:
Benefits Of Citi Rewards Card
Insurance Provided By The Card
If you pay for your travel – including flight tickets and hotel room bookings – with your Citi Rewards Card, you are automatically enrolled into a travel insurance policy that offers you up to S$1,000,000 as coverage. The following covers are available:
|Accidental death or Total Permanent Disability when using public transportation during your holiday||Up to S$1,000,000|
|Accidental death or permanent disability of your child||Up to S$50,000|
|Medical expenses due to injury or sickness during your trip||Up to S$40,000|
|Medical expenses due to injury or sickness of your child during your trip||Up to S$20,000|
|Emergency medical evacuation||Up to S$100,000|
|Repatriation expenses||Up to S$50,000|
|Flight Delay||Up to S$500 – S$100 for each 8-hour delay in a row|
|Luggage Delay||Up to S$500 – S$200 for each 8-hour delay in a row|
|Luggage Loss||Up to S$1,000, with S$500 per article|
|Trip Cancellation||Up to S$500|
|Trip Interruption||Up to S$500|
Instalment Payment Plans
Citibank’s 0% Equal Payment Plan (EPP) helps you to spread out your transactions into up to 2 years, during which period you can repay the amount without any interest as instalments. You can avail this scheme at over 1,000 participating outlets. If you are not able to pay the EPP instalments or delay the payment in any month, interest rate as per your card’s rate will be levied on the overdue amount. You will lose out on getting Citi Reward Points on the transactions if you transfer it to the EPP scheme.
Fees And Charges:
|Supplementary card fee||S$96.30|
|Interest rate (annual)||26%|
|Late payment charges||S$80|
|Cash advance fee||6% or S$15, whichever is higher|
|Interest on cash advance (annual)||26.9%|
|Interest-free period||25 days from statement date|
If your credit card behaviour – payment, utilisation, etc. – remains good, you will be eligible for special interest rates of 20% for the credit card and 20.9% for cash withdrawals.
Overseas Use Of The Card
If you use your card on foreign websites or outside Singapore, you will have to pay an administrative fee of 2.5% – 1.5% for Citibank and 1% for Visa – if you are paying in a foreign currency, and a dynamic currency conversion fee of 1% for purchases made overseas using Singapore dollar.
You can withdraw cash from your credit card if you are in urgent need of money. This will be a cash advance similar to a personal loan, except that there is no approval time or extra credit report check needed. The cash can be withdrawn from any Citibank or Visa-supported ATM across the world. You can withdraw up to 100% of your available credit limit. Another option is to apply for , which can be applied for and approved within an hour if all the documents are given correctly. The minimum loan amount under this plan is S$1,000. To get this loan, visit a Citibank branch, call (+65) 6238 8888, or apply online via Citibank website. The loan can either be personally collected from the branch, or credited to your bank account as per your convenience. The interest rate details for preferential interest rate with no service fee are given below:
|Duration||Effective Interest Rate|
Another set of rates with upfront service fee is as follows:
|Duration||Service fee||Effective Interest Rate|
How To Apply For Citi Rewards Card
Applying for a Citibank Rewards Credit Card is very easy. Simply go to the Citibank website and choose ‘Apply Now’ on the card’s portal. This will lead you to the virtual application form where you can fill in your personal and employment details and upload the required documents. Alternatively, you can go to a Citibank branch with the required documents and take the help of a bank executive to finish your application and processing.
Eligibility Criteria For Citi Rewards Card
The minimum repayment required for Citibank Rewards Credit Card is S$50 OR 1% of current balance AND 1% of outstanding balance (if applicable) AND interest charges AND late payment charges (if applicable) – whichever of the two is higher. The bills can be paid in the following ways:
When you find that you have lost or misplaced your credit card, or if the card has been stolen from you, immediately call the phone banking or customer care service of Citibank and report the loss. The bank will block your card and prevent further expenses on the card. If the card is stolen, please also register a police complaint and take the necessary legal measures. If these actions are promptly taken, your liability on the lost or stolen credit cards is only up to S$100. However, if you are unable to report the loss of the card, or are proved to be aware of the fraud or have a hand in the deceit, you will have to repay all the money spent on your card after you lost it. To ensure that you are not a victim of cyber fraud or physical card crime, follow BankBazaar’s tips on credit card security.
You can pay your credit card bills through the following ways –
Yes, you can use the ‘Submit Your CPF’ option in Citibank Singapore’s website to submit your CPF online.
Your reward points will be valid for 5 years.
The membership fee for a supplementary card is SGD96.30.
You have to be at least 21 years old to get this card.