If you commute on SMRT daily, you may want to consider getting a Citibank SMRT Platinum Visa Card. This card conveniently doubles up as a cashback reward card and an EZ-Link Card, while still offering some of the best rebate rates in Singapore. If you are on a modest budget, and spend most of your money on groceries, commuting and occasional luxury of morning or afternoon caffeine intake, this could be a great card for you.
Pros of Citibank SMRT Platinum Visa Card
- One of the highest grocery rebates of up to 7%
- Up to 15% rebate on coffee
- Doubles up as a EZ-Link card, with 2% rebate on Auto Top-Ups
- Promotion: S$120 welcome cash rebate
Cons of Citibank SMRT Platinum Visa Card
- Very low cap of S$280 on SMRT$ rebate annually (S$40 monthly), but no cap on Citi reward points
What makes Citibank SMRT Platinum Visa Card Stand Out
We have created a nice summary of Citibank SMRT Platinum Visa Card’s benefits into a table below, but here is the gist of it. What’s really special about this card is that it not only incorporates EZ-Link into a cashback card, but it also provides 2% rebate on your EZ-Link Auto Top-Up of at least S$30. If you get a monthly pass of S$120, you can get S$2.4 back every month! You can also earn up to 7% on your groceries at Sheng Siong (5% at Giant and FairPrice), among the highest we’ve seen in the market. And up to 15% rebate on your coffee at Starbucks (5% at other cafes like Coffee Bean, Coffee Club, Dome Café, etc.), while limited to cafes, is great for commuters who tend to cook at home rather than dining out. There are better cards for petrol, but since Citibank SMRT Platnium Visa Card grants you access to Citi Privileges, you can get +10% discounts at over 700 merchants, including 14% discount on your petrol cost at Esso & Shell stations. 1% on your telecom bills is a nice cherry on top to finish off the rebate program on all your necessary spending in any given month.
|Monthly Spend||SMRT$ Award||Citi Reward Points||Total||Rebate from SMRT$||Rebate from Citi Rewards Points||Total Rebate|
Rebates are given in combination of SMRT$ (worth S$1) and Citi Rewards points. Although SMRT$ you can earn is capped at S$280 annually, our analysis above shows that is totally fine for a moderate spender. All you need to be eligible for this card and its rewards is mere S$600 of monthly spend, and S$30,000 of annual salary (S$42,000 for foreigners). Its S$192.6 of annual fee, is waived for 2 full years, making Citibank SMRT Card even more affordable. Not only that, it provides $120 of welcome cash rebate, which is enough money to effectively make your card free for the 3rd year. As long as you meet your monthly spend minimum required to qualify for these bonuses, shop your groceries at Sheng Siong and drink your coffee at Starbucks, we think you can earn up to S$40 a month in cashback, which is about S$480 annually.
Citi SMRT Platinum Visa Card's Features and Benefits:
|Citi SMRT Platinum Card Benefits & Features||Details|
|Annual fee||S$192.6 waived for 2 years|
|Salary requirement||S$30,000 for locals, S$42,000 for foreigners|
How Does the Citibank SMRT Platinum Visa Card Card Compare with Other Cards?
Read our comparisons of Citibank SMRT 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.
Citibank SMRT vs POSB Everyday
Not only is POSB Everyday card one of the top rewards cards in the market for everyday use, it also doubles up as an EZ-Link card. While its grocery cashback of 5% at Sheng Siong is lower than Citi SMRT’s 7%, PSOB Everyday compensates by providing up to 20.1% off on petrol at SPC. There’s also no cap on how much cashback you can earn, so POSB Everyday presents an opportunity to earn hundreds if not thousands of dollars in cashback every year, depending on your expenditure. All in all, if you are looking for a card to double up as your EZ-Link commute card and a more versatile cashback card than Citi SMRT Card, POSB Everyday presents one of the best offerings you can find in Singapore, in our view.
Citibank SMRT vs UOB Delight
UOB Delight is a very well-rounded cashback card covering groceries, mass transit, and monthly recurring bills. However, its cashback program is highly skewed towards maximizing rebate on groceries, making it the top grocery rewards card in the country. If you don’t mind purchasing house brands at Cold Storage, Giant and Guardian, UOB Delight can help you save up to 18% on your grocery purchase, by far the highest in the market. It is also quite cheap to use with only S$85.6 of annual fee. However, it may be difficult for one person to meet the S$800 of monthly minimum spend to be eligible for UOB Delight’s full benefits. Therefore, we think this card is more suitable for families who prefer to dine in rather than out. To summarize the key difference between the two cards, UOB Delight is better for families who have a lot of groceries to purchase every month. If you have a smaller budget, Citi SMRT could provide decent rebates on your grocery purchases along with other daily necessities like commute and coffee.
Citibank SMRT vs OCBC 365
OCBC 365 Card is a very similar card to Citibank SMRT card in that it has a well-rounded rebates covering groceries, mass transit and monthly recurring bills. However, OCBC 365 covers even more categories like dining and petrol. OCBC 365 is also the cheaper card to use given that it’ll waive its annual fee as long as you spend at least S$10,000 on it annually, and only requires S$600 of monthly minimum spend to receive the benefits. If you are looking for a cashback card that is richer in terms of categories of rebates, OCBC 365 could be a more suitable card for you. We recommend OCBC 365 for families who want to consolidate their cashback into one card but still maximize rebate on their major expenditure categories.
Citibank SMRT vs Citi Cashback
We wanted to compare Citibank SMRT with another card from the bank: Citi Cashback Card. Citi Cashback card is a great card for maximizing discounts on food. Its combination of 8% discount on all dining and groceries is the highest we’ve seen in Singapore, even higher than Citi SMRT’s 7% rebate on groceries. While Citi SMRT has additional benefits of functioning as your EZ-Link card, we think Citi Cashback could be a better choice for people who care more about eating well, both in and out of home, than saving on mass transit.
*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.