Citi Cash Back Card is one of the best cards on the market for spend on food and transport. With 8% cash back on groceries, dining, and Grab rides–plus discounts of up to 20.88% on petrol–cardholders are easily rewarded for purchases that make up about 1/2 of most household budgets. Consumers earn up to 10% additional discounts with merchants like Starbucks and Sheng Siong through Citi Rebate. While there's a S$888 minimum, average spenders meeting this mark can earn up to S$100/month–one of the highest earning potentials on the market. Ultimately, Citi Cash Back Card is the best way to earn on your food and transport spend.
What Makes Citi Cash Back Credit Card Stand Out
Citibank’s Citi Cash Back Card is a perfect ‘everyday’ card for average spenders looking to benefit from food and transport transactions. The biggest benefit of the card is its flexibility and convenience. The robust 8% rebate applies to all transactions across dining and groceries, rather than limiting consumers to specific merchants. Consumers can earn cash back from everything from fast food to fine dining, caterers to convenience stores, supermarkets to specialty markets and more, which tend to be the biggest spending areas for most. Petrol cash back is also flexible; consumers receive fuel savings of up to 20.88% Shell and Esso but are also eligible for 8% rebate at any other stations.
Because spending within these categories and guidelines is so easy, it makes sense that Citibank’s Citi Cash Back Card also has a few restrictions in place. The monthly minimum spend required to unlock cashback rates of 8% is S$888. Furthermore, the 8% cash is capped at S$25 per category (for a total of S$100) per month. While this cap is fairly generous, it may be a bit limiting for high-spenders who can easily reach the minimum monthly spend or low spenders who might not be reach the required minimum spend. However, average spenders (approximately S$1.5k to S$3k expenditures per month) should still be able to benefit handsomely from the Citi Cash Back Card.
|Spending Category||Rebate||Monthly Cap|
|Dining||7.75% bonus+ 0.25%||S$25 for 7.75%|
|Groceries||7.75% bonus+ 0.25%||S$25 for 7.75%|
|Petrol||7.75% bonus+ 0.25%||S$25 for 7.75%|
|Grab||7.75% bonus+ 0.25%||S$25 for 7.75%|
In final consideration, the Citi Cash Back Card has an annual fee of S$192.60, which is only waived for the first year. However, welcome bonuses, privileges, and ongoing promotions may offset this cost. For example, Citibank generally offers a welcome cashback bonus to new cardholders upon approval. Also, cardholders get access to the Citi Rebate program (10% discounts with select merchants), Citi World Privileges, and Citibank Gourmet Pleasures. Altogether, benefits may balance annual fees, allowing the Citi Cash Back Card to shine as a great option for everyday cash back.
How Does Citi Cash Back Card's Rebate Program Work?
Use our quick and easy-to-read guide below to learn how you can actually redeem Citi Cash Back Card's rewards.
- Every 1 dollar of cash back earned is equal in value to S$1
- Cash back is credited to the cardholder’s account monthly, on the date of the account statement
- The minimum amount for cash back withdrawal is S$50 (and thereafter, multiples of S$10)
- While cash back does not expire, it is automatically forfeited when an account is closed
- Cash back cannot be combined or transferred
Citi Cash Back Card's Rewards Exclusions
Some credit card expenditures are ineligible for cash back or rebate. We identify these exclusions in the table below.
|Bank Fees||Annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank)|
|Transfers & Bill Payments||Funds transfers using the card as source of funds, bill payments (including via Citibank Online or via any other channel or agent)|
|Institutional Payments||Payments to educational institutions, 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), insurance companies (sales, underwriting, and premiums), financial institutions (including banks and brokerages), non-profit organizations|
|Betting or Gambling||Lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks, through any channel|
|Payment Service Providers||Any top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts|
|Transit||All transit-related transactions|
Citi Cash Back Credit Card's Features and Benefits:
|Details & Benefits|
|Annual Fee||S$192.6, Waived for 1 year|
|Annual Income Requirement||S$30,000 for locals S$42,000 for foreigners|
How does the 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. OCBC 365
Compared to Citi Cash Back Card, OCBC 365 offers elevated cash back rates across a broader range of spend categories, including travel transactions and recurring bills. This card also provides an annual fee waiver for those who spend S$10,000 per year. While this makes earning cash back a bit easier, there’s a catch: OCBC 365 caps cash back at S$80 per month, which is S$20 less than for the Citi Cash Back Card. Overall, consumers with decentralized spending across food, transport, utilities and online travel bookings could benefit more from the OCBC 365 Card, while those who spend a significant portion of their budget on food and transport might be better served by Citi Cash Back Card.
Citi Cash Back Card v. Citi SMRT Card
Young professionals with a limited budget looking for cash back on daily purchases (including EZ-Reload auto top-ups) may benefit from Citi SMRT Card and its low minimum qualifying spend. Citi SMRT Card unlocks elevated cash back rates after a minimum qualifying spend of only S$300 across a broad range of spend categories (including online shopping and entertainment). The card also offers up to 2% savings on EZ Reload top-up transactions and waives the convenience fee charges. However, the Citi SMRT Card is not as flexible as the Citi Cash Back Card, which is not limited to specific merchants. Those who regularly spend at least S$888 monthly, however, can earn cash back more easily and without merchant restrictions through the Citi Cash Back Card.
Citi Cash Back Card v. POSB Everyday Card
The POSB Everyday Card would especially benefit mothers and families with rebates for spend with select merchants across most spend categories. While the Citi Cash Back Card offers higher cash back rates for specific categories, the POSB Everyday Card offers rebates across a broader range including food, utilities, telecom bills and personal care. This wide variety of benefits allows mothers and families who spend on essentials to earn rewards quickly.
Citi Cash Back Card v. Maybank Family & Friends Card
Consumers who frequently travel between Singapore and Malaysia would benefit from the cross-border flexibility of the Maybank Family & Friends Card. Maybank Family & Friends Card offers cash back rates up to 8% on groceries, transport, and several other categories in both countries. However, this rate only applies to a very few select merchants and requires a minimum qualifying spend of S$1,000 (as compared to S$888 for Citi Cash Back). However, this card's high rebates are capped at S$600 annually, or S$50 per month - half of what cardholders can earn with Citi Cash Back. The primary benefit of the Maybank Family & Friends Card is that its network of merchants spans both Singapore and Malaysia, making it easier for frequent cross-border travellers to earn rewards. The Citi Cash Back Card, on the other hand, would prove more beneficial as an everyday cash back option for those who spend most of their time in Singapore.
Citi Cash Back Card v. UOB One Card
The UOB One Card can be a great option for those who consistently spend about S$2,000 every single month. For instance, those who spend at least S$2,000 per month for 3 consecutive months are eligible for the greatest cash back rate of 5% on all spend, capped at S$100 per month (S$300 per quarter). This feature is especially helpful for those whose expenditures are spread out across many different spending categories outside of food & transportation. However, this reward decline dramatically to S$50/month for those who miss the S$2,000 requirement even for 1 month. But, if your spend is mostly concentrated in food & transportation, Citi Cash Back Card is still a great option to consider.