If you're looking for a card that is going to reward you for spending, then the Citi Rewards Card might be for you. Most credit cards offer the same basic services, but what sets them apart is the perks they provide users. That’s why credit card issuers are constantly competing to give users the most benefits from their cards.
The fact that credit cards are fighting for your business, means you as a user get the benefit. Cards like Citi Rewards Cards offer users flexible rewards that are also easy to redeem, unlike most cards where you don’t know what you’re getting. And not just that, there are a number of shopping rewards that you can reap with this card at hand.
So, if you’d like to know more about approval for this card, linger on a bit longer to learn. Our editors have investigated the Citi Rewards Card and come up with the information you need to know. Read on below to learn about fees, approval, and eligibility are listed below.
What Are The Benefits Of The Citi Rewards Card?
One of the major benefits of having this card is you get 4 miles for every S$1 you spend on online shopping. Your rewards are capped at 10,000 points per month when it comes to online shopping. With the conversation rate being 25000 points = 10,000miles.
There’s also fashion retail spend rewards when you use this card. You earn 4 miles for S$1 spent on clothes, shoes, and bags. Users will also have to note that the earned points are valid for only 5 years.
You also get 0.4 miles for every S$1 you spend on general shopping. There’s also no minimum spending limit and no caps are attached to earnings as well.
New customers get S$300 back via PayNow for a limited time (until the end of February 2020). The cashback is earned when you apply for the card through MoneySmart.
Another feature that this card comes with is the complimentary cover you get when you charge your airfare to the card. You also get to redeem your points by using them to pay for any purchase; unlike other cards that give you select purchases.
What Are The Special Features Of The Citi Rewards Card
One of the special features that this card has is the discounts you get when using it at select petrol stations. You also get 1 reward point when you spend S$1 at these select stations. Discounts are divided into three sections totaling 14% discounts at Shell and Esso stations.
- 5% smiles card discount
- 5% Esso site discount
- 4% Citicard discount
- 5% Shell site discount
- 5% Shell Escape discount
- 4% Citi Rebate after the Shell discount.
How To Apply For The Citi Rewards Card
For you to be eligible for this card, you have to be 21-years –old. You also have to be earning, you can either be employed or self-employed. You have to be earning an annual income of at least S$30000 for local and S$42000 for foreigners.
For credibility, you’ll be asked to produce some documents during your application process. Salaried employees will have to produce a computerized payslip in addition to your NRIC or passport. For the self-employed, a copy of your passport will be required as well as 3 months bank statement and last 2-year income tax notice.
To apply for the card, you can visit the Citibank/Singapore website. Go to credit cards, the select Citi Rewards Card. Click on the ‘get started’ icon at the bottom of your screen and follow the instructions. Your application may take a day to approve due to the various checks.
What Are The Fees And Charges Of The Citi Rewards Card
Some of the fees and charges attached to this card include the following.
- Annual principal fee of S$192.60 (you get the 1st year waived off)
- Supplementary annual fee of S$96
- S$100 in late payment fees
- 3.25% in foreign currency transaction fees
- For a cash advance, there’s a 6% transaction fee of the amount you’re advanced or $15. It depends on the one on the high side.
- Your annual interest rate is 26.9%
- Spending over the limit set will earn you an S$ 40 fee for the transaction
How To Contact Citi Rewards
To get in touch with someone at the bank, you can use the 24/7 toll-free customer care line +65 6225 5225. The bank’s address is 8 Marina View, Asia Square, Tower 1, #21-00 Singapore
Citi Rewards Card Conclusion
If you’re looking for a high-rewards travel card, then this is the card for you. Not only do you get miles for every bit of shopping you do you also get up to 4 miles for online purchases. And with straight forward redeem processes, you couldn’t have asked for more.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.