Citi has several cash back cards, and the Citibank SMRT Credit Card is an ideal card for moderate spenders.
You get up to 7.3% savings at FairPrice Xtra Kallang Wave, up to 5% savings on grocery purchases from FairPrice, Giant and Sheng Siong. Enjoy savings up to 5% on fast food outlets and cafes, cinema theatres, toys and books, recurring transactions and other essential purchases at Pet Lovers Centre. Get up to 3% savings on online shopping and up to 2% savings on health & beauty purchases made at select stores. All other transactions made through this card will earn you 0.3% savings. The savings are credited in the form of SMRT$ and can be redeemed for vouchers, SMRT rides or cash rebate, making the Citibank SMRT Card a multipurpose co-branded card.
You can link this card to your EZ-Link account and use it for your transport needs. If you make an auto top-up for EZ-Reload, you will not be charged a convenience fee. This card also has the Visa contactless payment system called Visa payWave which you can use for payments below S$100. Of course, you’re welcome to all Citi privileges such as Citi Rebates at selected stores, Citi Gourmet Pleasures for dining offers, as well as curated shopping, petrol, travel and online shopping promotions.
Listed below are the features of Citibank SMRT Card:
With the Citibank SMRT Card, you will have access to Citi’s privileges such as:
Citi Singapore offers its joining benefit to new customers applying for the Citibank SMRT Card. The card offers cash back of up to S$120 to new applicants. You have to spend at least S$200 on the card every month for a consecutive period of 6 months upon which the cash back will be awarded in denominations of S$20 per month. The offer is valid till 30 June 2018.
You can redeem your SMRT$ for SMRT rides and vouchers through online banking or redeem for cash rebate instantly through SMS.
A minimum monthly spend of S$300 is required to earn maximum SMRT$ of 5% on groceries, dining and café spends, movies, toys and books, health beauty, other essential purchases and up to 5% on recurring bills, and 3% on online shopping.
The beauty of this card is that if your monthly spend goes below S$300, you don’t lose a bulk of the SMRT$ rebates. The rebates will be lower by just 0.3% if you don’t meet the minimum spending requirement. However, you will earn extra 0.3% SMRT$ on non-categorised transactions only if you spend more than S$300 per month.
You can use the Equal Payment Plan or EPP to convert large purchases into this interest-free instalment payment plan. Tenures of up to 24 months are available at more than 1,000 participating merchant outlets. However, note that purchases converted to this plan are not eligible to earn SMRT$.
|Type of fee||Amount payable|
|Primary card annual fee||S$160.50 p.a. (third year onwards)|
|Supplementary card fee||S$85.60 p.a. (third year onwards)|
|Interest rate||26% p.a.|
|Late payment charges||S$100|
|Cash advance fee||S$15 or 6% of the amount withdrawn|
|Card replacement fee||S$10|
Card transactions (including online and overseas transactions) effected in US dollars will be converted into Singapore dollars. Card transactions effected in foreign currencies other than US dollars will be converted to US dollars before being converted into Singapore dollars. The conversion will take place on the date on which the transaction is received and recorded by the bank. The currency conversion will be based on the prevailing foreign exchange rate or an exchange rate determined by Visa.
An administrative charge of up to 2.8% of the transacted amount will be levied by Visa on the final amount converted to SGD. In the case of Dynamic Currency Conversions, an extra charge of 1% will be levied on the transacted amount, charged by Visa.
All cash withdrawals performed with the SMRT Credit Card will attract a cash advance fee amounting to 6% of the amount withdrawn, with the minimum charge being S$15. Cash withdrawals will also attract interest charges at 26.9% p.a., levied on a daily basis at a compounding rate until the amount is repaid in full.
You can now apply for the Citibank SMRT Card quite easily through bankbazaar.sg. You need to click on the ‘Check Eligibility’ option next to the card on our site and complete the eligibility check. You can select a card and the ‘Select Quote’ button, after which you have to provide your personal and income details, and upload your documents online.
You need to submit certain documents while applying for this credit card. Listed below are the documents that need to be submitted at the time of application:
The annual rate of interest on retail transactions is 26% p.a. for the Citibank SMRT Credit Card. This interest is calculated at a compounding rate on an everyday basis. If you delay your payments too often or fail to make payments, you will have to pay an extra 3% p.a. (totalling to 29% p.a.) as interest. The normal interest rate of 26% p.a. will be reinstated only once you start making regular payments. The bank may also offer a low interest rate of 20% p.a. on retail transactions and 20.9% p.a. on cash advances if you have a great repayment history and impeccable credit behaviour.
The minimum monthly repayment on this credit card is 1% of your current balance + 1% of your outstanding unbilled instalments (if applicable) + interest charges (includes service charges on instalment payments/recurring bills, etc.) + late payment fee (if applicable) OR S$50, depending on whichever of the two is greater + the overdue amount (if applicable).
In the event that the current balance is lower than S$50, the minimum payment will be the current outstanding balance.
Repayments on Citi Credit Card bills can be made through several channels including:
Both online and offline transactions made using your card are safe and secure, requiring your authentication in order to go through. Online transactions will require you to enter your card details, along with a secure PIN/Password known only to you. Offline transactions will also require you to enter your PIN at the merchant terminal in order for the transactions to go through. The card’s security framework also disallows cloning of the card or duplication of any sort.
Citi offers you with three options in order to protect your card:
In the event that your credit card has been lost or stolen or the PIN has been disclosed to an unknown person, you must inform the bank immediately. If the following conditions have been satisfied by you, the maximum liability for unauthorised transactions will be S$100:
There are two ways to report the loss/theft/disclosure to the bank; you can log into the Citi Mobile App, report the incident and apply for a replacement credit card or report the incident by contacting the CitiPhone banking number on +65 6225 5225 which is available 24/7.