Citibank Cash Return+ Credit Card – MoneySmart Overview (2021)

I’ve a soft spot for cash return credit cards. There’s none of that conquering round the bush, wanting to predict if your rewards factors expire or acquiring slapped with charges for transforming air miles. Certainly one of Citibank’s newest money back cards introduced could be the Citi cash return+ cards.

They features a familiar blue-and-white cards face, however it’s not to ever getting confused with the plain old Citi cash return credit, that’s a hugely popular all-round cash return card in Singapore, but works most in different ways.

In summary, the Citi cash return+ Card falls under the “unlimited cashback cards” group, offer 1.6% cash return on all acquisitions, with no minimum spending no cash return cover. Let’s see how they stacks upwards.

No Expiry on Cash Return Earned

Citi Cash Back+ Mastercard®

Money back on Eligible Devote

Min. Devote each month

MoneySmart different:

Use and invest $200 for: $300 funds OR an Ergotune Ergonomic Vintage Chair (really worth $399)

Utilize and spend $500 to obtain more: $350 finances or perhaps the brand new 10.2-inch Apple iPad Wi-Fi 64GB (well worth $499) OR an Ergotune Ergonomic Classic seat (well worth $399)!

Legal until 30 Sep 2021

1.6% cashback on your own spend

No minimum spend needed and no cap on cash back generated

Cash back made does not end

Redeem your cash right back instantaneously on-the-go with cover with details or cash rebate via SMS

Citi money back+ Card terms and conditions & problems

Citi Money Back+ Card

Yearly fee & waiver

$192.60 (first year waived)

Supplementary yearly cost

Interest complimentary period

25 time from time of statement of account

Yearly interest rate

Late installment cost

Minimum payment per month

1% of existing balances (+ 1% of any outstanding unbilled installment amounts and interest costs + late cost charge or $50 whichever are higher

Foreign exchange deal cost

Cash advance purchase cost

$15 or 6per cent, whichever is high

$30,000 (Singaporean / PR), $42,000 (foreigner)

Yes – MasterCard PayPass, Fruit Wages, Samsung Pay, Bing Wages

How the Citi Money Back+ Credit works

The card’s main advantages would be the after:

1.6% cashback on every little thing.

No minimal paying necessity

No cashback cap

Common exclusions incorporate: your can’t see cashback as soon as you pay your income tax, later part of the repayment fees, etc

The Citi cash return+ Card’s best feature is that it’s really direct. Your don’t have to worry about conference minimum paying requirements or rack the brains attempting to recall exactly what it provides cashback for.

This might be typical of endless cash return cards : They’re user-friendly since they repay you regarding sorts of purchasing, but the capture is the fact that profit discount is relatively lower. For these notes, 1.6per cent is already the market-high.

If you’re lookin solely because case of cards, then your Citi cash return+ cards is a great contender. But if you are comparing cashback notes overall, after that you’ll discover 1.6percent is quite lowest.

Various other cash return cards that provide rebates for chosen investing categories usually promote a far greater earn rate of 5percent to 10percent. Let’s use the Citi money back (without a +) credit like — that one provides 8per cent cash return when you invest in eating , petrol and goods .

Just who should utilize the Citi money back+ credit?

First, in the event that you’ve currently discover a cashback cards that meets your daily spending behaviors, you most likely shouldn’t terminate it the Citi Cash Back+ cards. It is possible to keep using that — their normal credit — to suit your common expenses like dining out, food shopping and transport.

However, due to the not enough the very least spending requirement, the Citi cash return+ Card is a good card having on hand as a backup card to pay for stuff you just don’t have a much better card for. Thought extremely specific niche shopping, like fixes in the automobile working area, dental visits or music coaching, among others.

Furthermore, once you struck their cashback limit for your thirty days, you can switch-over to your Citi Cash Back+ credit to continue getting rebates since 1.6percent money back is better than none.

If all that had been mind-boggling and you don’t need think of having numerous cards for several functions, after that this card might be an excellent option for you also. The Citi money back+ credit can be as straightforward and fuss-free whilst becomes: just swipe, earn some rebates, which’s it.

Citibank Cash Back+ Credit advertising

If you aren’t however a Citibank card affiliate while sign-up now, you’re able to choose between snacks or directly finances. It changes each month, so keep a lookout about page to see the offers !

Alternatives towards the Citi Money Back+ Credit

Here are the Citi cash return+ Card’s closest competition.

UOB genuine Cashback credit – This cards has got the finest cashback looking at 1.7%, and operate the same as the Citi Cashback+ cards. The key disadvantage is the fact that it’s an Amex credit, very you’ll be hard-pressed to locate more compact merchants to simply accept it.