Citi Cash Back+ Card: Best Unlimited Card on the Market?

Citi Cash Back+ Card: Best Unlimited Card on the Market?

Market-Leading 1.6% Unlimited Cashback on All Local & Overseas Spend

Good for

  • Affluent consumers spending S$7k+/mo
  • People interested in an easy-to-use flat rate card
  • Those looking to avoid spend requirements or rewards caps

Bad for

  • Average or lower spenders looking to maximise rewards
  • Those with specialised spend (i.e. dining, shopping)
  • Consumer looking to avoid an annual fee

Editor's Rating

4.5/5.0

Citi Cash Back+ Card is ideal for high-spenders looking to maximise their rewards while avoiding caps or other earnings restrictions. Cardholders earn an unlimited 1.6% cashback on every purchase (compared to 1.5% for other unlimited rebate cards), with no minimum spend requirements. While other cards may provide higher rates on select spending, they're often limited by rewards caps. All in all, affluent consumers can earn rewards proportionate to their high spend, regardless of how much they've already earned.

ProsCons
  • Unlimited 1.6% cashback
  • No minimum spend requirements
  • Flat rate great for straightforward earning
  • Need S$7k+/mo spend to truly capitalise on unltd rewards
  • No boosted rates for specific categories
  • Capped cards often offer higher overall rates
Promotions:
  • Get a set of Apple AirPods Pro (worth $379) or $250 cash for all new Citibank cardmembers upon activating and spending within 60 days of card approval (valid until December 7)
  • S$30 cash via PayNow (existing customers)
Card Overview
Pros:
  • Unlimited 1.6% cashback
  • No minimum spend requirements
  • Flat rate great for straightforward earning
  • Promotions: Get a set of Apple AirPods Pro (worth $379) or $250 cash for all new Citibank cardmembers upon activating and spending within 60 days of card approval (valid until December 7)
  • S$30 cash via PayNow (existing customers)
Cons:
  • Need S$7k+/mo spend to truly capitalise on unltd rewards
  • No boosted rates for specific categories
  • Capped cards often offer higher overall rates

What Makes Citi Cash Back+ Credit Card Stand Out

Citi Cash Back+ Card offers an unlimited 1.6% cashback on all spend. Since there aren't caps or earnings restrictions, this card is particularly great for high-spenders, who often encounter rewards caps with other cashback cards.

Citi Cash Back+ stands out by offering 1.6% cashback on all local and overseas transactions. This is higher than the 1.5% cashback rate offered by comparable unlimited cards. Although this may not seem like much of a difference, this discrepancy adds up as budgets increase in size. Additionally, while Maybank FC Barcelona Visa Signature Card also offers 1.6% cashback, this rate only applies locally; overseas spend only earns at the equivalent of 0.8%.

Rewards Rates of Unlimited Cashback Cards

LocalOverseas
Citi Cash Back+1.6%1.6%
Maybank FC Barcelona1.6%0.8%
SC Unlimited1.5%1.5%
Amex True Cashback1.5%1.5%
Maybank FC Barcelona offers points for overseas spend. Table above reflects value-to-consumer in terms of cashback for standardised comparison

Citi Cash Back+ Card does have several drawbacks. You must be a high spender with a monthly budget of about S$7k in order to truly benefit from the rewards structure. Lower spenders can earn higher rates with capped cards like UOB One (5% up to S$100/mo) or cards with high category-specific rates like Citi Cash Back (8% on dining, groceries and petrol, up to S$75/mo). Average spenders with budgets closer to S$2,000 per month can benefit more from a capped card with higher rates since they might not spend enough to take advantage of Citi Cash Back+'s lack of a rewards cap. Also, while Maybank FC Barcelona card provides an annual fee waiver for those who spend S$10k per year, Citibank Cash Back+ Card charges an annual fee of S$192.6, waived just the 1st year.

Earnings by Budget Size Across Select Credit Cards

Monthly SpendUOB One CardCiti Cash BackCiti Cash Back+
S$1,000S$33S$75 (cap)S$16
S$1,500S$50S$75 (cap)S$24
S$2,000S$100 (cap)S$75 (cap)S$32
S$6,000S$100 (cap)S$75 (cap)S$96
S$8,000S$100 (cap)S$75 (cap)S$128
Citi Cash Back earnings assume budget is evenly applied to rate-eligible spend categories (dining, groceries, petrol)

Nonetheless, Citi Cash Back+ Card still offers affluent consumers an easy way to maximise rewards on their spend with no rewards limits or other restrictions. Thanks to its high rate, cardholders earn better rates overall than with any other comparable unlimited cashback card.

How Does Citi Cash Back+ Card's Rewards Program Work?

Use our quick guide below to learn how you can redeem your credit card rewards.

  • Every 1 dollar of cash back earned is equal in value to S$1
  • Cardmembers can redeem cashback for cash rebates via SMS in intervals of S$10, S$20 or S$50 rebate
  • Cash back cannot be transferred or pledged
  • While cash back does not expire, it is automatically forfeited when an account is closed

Citi Cash Back+ Card's Features and Benefits:

Card Overview
  • Annual Fee: S$192.6, Waived for 1 year
  • Income Requirement: S$30,000
Rewards Rate Details
  • Earn 1.6% cashback on local and overseas spend
  • No minimum spend requirements
  • No cap on cashback earned
Benefits & Perks
  • Citi World Privileges
  • Citi Gourmet Pleasures
  • Free travel insurance
Promotions:
  • Get a set of Apple AirPods Pro (worth $379) or $250 cash for all new Citibank cardmembers upon activating and spending within 60 days of card approval (valid until December 7)
  • S$30 cash via PayNow (existing customers)

Citi Cash Back+ Card's Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

Annual fees; interest charges; late payment charges; GST; cash advances, instalment/easy/extended/equal payment plans; preferred payment plans; balance transfers; cash advances; all fees charged by Citibank or third party; miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank)
Funds transfers using the card as source of funds; bill payments (including via Citibank Online or via any other channel or agent); any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts; transit-related transactions; any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts; any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts; payment to merchants including (but not limited to) AXS, Banc de Binary, BUS/MRT, EZ-Link, MoneyBookers, OANDA, PayPal, SAM, Saxo Cap Markets, Skrill, SKR, SkyFX, TL-ABT, Transitlink, Youtrip
Payments to educational institutions; payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases); payments to insurance companies (sales, underwriting, and premiums); payments to financial institutions (including banks and brokerages); betting or gambling (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks) through any channel
Quasi-cash transactions

How does Citi Cash Back+ Card Compare Against Other Cards?

Read our comparisons of Citi Cash Back+ Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

Citi Cash Back+ Card v. Standard Chartered Unlimited Cashback Card
Standard Chartered Unlimited Cashback Card is another great flat cashback card which also offers convenient transportation perks. Cardholders earn 1.5% cashback on all purchases, slightly less than the 1.6% rebate Citi Cash Back+ Card offers. However, consumers can also enjoy up to 21% off fuel with Caltex, and more convenient commuting with SimplyGo functionality.


In terms of cost, Citi Cash Back+ and SC Unlimited Cashback have the same annual fee of S$192.6, although SC Unlimited Cashback's 2-year waiver is twice as long as Citi Cash Back+ Card's. All in all, while Citi Cash Back+ offers the highest unlimited flat rebate, commuters can earn almost the same rate and enjoy significant petrol savings with SC Unlimited Cashback.

Citi Cash Back+ Card v. American Express True Cashback Card
American Express True Cashback Card also allows high spenders to enjoy unlimited cashback. Cardholders earn 1.5% cashback on every purchase with no rewards cap, allowing high spenders to enjoy rewards commensurate with their spend. While this rate is slightly less than the 1.6% offered by Citi Cash Back+, Amex True Cashback also offers perks like American Express Selects, Global Assist and True Cashback Promotions to make up for this difference. Ultimately, Citi Cashback Card offers higher rebate rates, but the benefits provided by American Express True Cashback provide well rounded convenience and savings.
Citi Cash Back+ Card v. Maybank FC Barcelona Visa Signature Card
  • Annual Fee: S$120.0
  • Stand-Out: Highest unlimited local rebate–1.6% on all spend
  • Read Our Full Review
High spenders looking for uncapped cashback and waived fees should consider Maybank FC Barcelona Visa Signature Card. To start, cardholders earn a competitive 1.6% cashback on all local spend, a rate equal to that offered by Citi Cash Back+ Card. Spend overseas, however, only earns the equivalent of 0.8% cashback, so consumers who frequently travel would earn more with Citi Cash Back+.


Maybank FC Barcelona Signature also differentiates itself with a fee waiver for those who spend at least S$10k per year. Compared to Citi Cash Back+, which offers no such waiver, consumers can earn the same high unlimited rate on local retail without having to pay a fee. Ultimately, while Citi Cash Back+ is better for wealthy travellers seeking cashback for spend overseas, Maybank FC Barcelona Visa Signature Card is ideal for affluent consumers who spend most of their time in Singapore.

Citi Cash Back+ Card v. UOB One Card
  • Annual Fee: S$192.6
  • Stand-Out: Highest flat rebate on the market, earn up to $300/qtr
  • Read Our Full Review
Consumers who consistently spend at least S$2k per month should definitely consider UOB One Card. Cardholders who meet this monthly requirement for an entire quarter earn 5% cashback on every purchase, up to S$100/month. Even lower spenders with budgets of just S$500 or S$1,000 still earn 3.33% cashback. Nonetheless, higher spenders may find themselves quickly hitting the max rebate cap of HK$300 per quarter. Altogether, while wealthy consumers who want to avoid rewards caps may prefer Citi Cash Back+ Card, while more moderate spenders who can reliably spend S$2k per month can maximise cashback with UOB One Card.
Citi Cash Back+ Card v. Standard Chartered Unlimited Cashback Card
  • Annual Fee: S$192.6
  • Stand-Out: 1.5% unlimited rebate + transport perks
Standard Chartered Unlimited Cashback Card is another great flat cashback card which also offers convenient transportation perks. Cardholders earn 1.5% cashback on all purchases, slightly less than the 1.6% rebate Citi Cash Back+ Card offers. However, consumers can also enjoy up to 21% off fuel with Caltex, and more convenient commuting with SimplyGo functionality.


In terms of cost, Citi Cash Back+ and SC Unlimited Cashback have the same annual fee of S$192.6, although SC Unlimited Cashback's 2-year waiver is twice as long as Citi Cash Back+ Card's. All in all, while Citi Cash Back+ offers the highest unlimited flat rebate, commuters can earn almost the same rate and enjoy significant petrol savings with SC Unlimited Cashback.

Citi Cash Back+ Card v. American Express True Cashback Card
  • Annual Fee: S$171.2
  • Stand-Out: Unlimited 1.5% rebate + Amex benefits
American Express True Cashback Card also allows high spenders to enjoy unlimited cashback. Cardholders earn 1.5% cashback on every purchase with no rewards cap, allowing high spenders to enjoy rewards commensurate with their spend. While this rate is slightly less than the 1.6% offered by Citi Cash Back+, Amex True Cashback also offers perks like American Express Selects, Global Assist and True Cashback Promotions to make up for this difference. Ultimately, Citi Cashback Card offers higher rebate rates, but the benefits provided by American Express True Cashback provide well rounded convenience and savings.
Citi Cash Back+ Card v. Maybank FC Barcelona Visa Signature Card
  • Annual Fee: S$120.0
  • Stand-Out: Highest unlimited local rebate–1.6% on all spend
High spenders looking for uncapped cashback and waived fees should consider Maybank FC Barcelona Visa Signature Card. To start, cardholders earn a competitive 1.6% cashback on all local spend, a rate equal to that offered by Citi Cash Back+ Card. Spend overseas, however, only earns the equivalent of 0.8% cashback, so consumers who frequently travel would earn more with Citi Cash Back+.


Maybank FC Barcelona Signature also differentiates itself with a fee waiver for those who spend at least S$10k per year. Compared to Citi Cash Back+, which offers no such waiver, consumers can earn the same high unlimited rate on local retail without having to pay a fee. Ultimately, while Citi Cash Back+ is better for wealthy travellers seeking cashback for spend overseas, Maybank FC Barcelona Visa Signature Card is ideal for affluent consumers who spend most of their time in Singapore.

Citi Cash Back+ Card v. UOB One Card
  • Annual Fee: S$192.6
  • Stand-Out: Highest flat rebate on the market, earn up to $300/qtr
Consumers who consistently spend at least S$2k per month should definitely consider UOB One Card. Cardholders who meet this monthly requirement for an entire quarter earn 5% cashback on every purchase, up to S$100/month. Even lower spenders with budgets of just S$500 or S$1,000 still earn 3.33% cashback. Nonetheless, higher spenders may find themselves quickly hitting the max rebate cap of HK$300 per quarter. Altogether, while wealthy consumers who want to avoid rewards caps may prefer Citi Cash Back+ Card, while more moderate spenders who can reliably spend S$2k per month can maximise cashback with UOB One Card.

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