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, 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.
Citi Cash Back+ Credit Card Features and Benefits
Citi Cash Back+ Card
Citi Cash Back+ Card offers one of the highest unlimited flat cashback rate of 1.6% on all expenditures in Singapore and abroad, making it ideal for high-spenders looking to maximize their rewards on all spend with no limits.
Pros
- 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
Cons
- Average or lower spenders looking to maximise rewards
- Those with specialised spend (i.e. dining, shopping)
- Consumer looking to avoid an annual fee
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Annual Fee: S$196.20, Waived for 1 year Income Requirement: S$30,000 for citizens & PRs, S$42,000 for foreigners |
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Key Features:
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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 many other comparable unlimited cards. Although this may not seem like much of a difference, this discrepancy adds up as budgets increase in size.
Comparison of Unlimited Cashback Cards Reward Rates
| Credit Card | Cashback Rewards Rate |
|---|---|
| Citi Cash Back + Card | 1.6% |
| UOB Absolute Cashback Card | 1.7% |
| Standard Chartered Simply Cash Credit Card | 1.5% |
| CIMB Visa Infinite Card | 2% cashback on all travel, overseas and foreign online spend with a min spend of S$2,000/mo, 1% cashback on all other spend |
Compare The Best Credit Cards in SingaporeFind Out More
Citi Cash Back+ Card does have several drawbacks. You must be a high spender with a monthly budget of about S$7,000 in order to truly benefit from the rewards structure. Lower spenders can earn higher rates with capped cards like UOB One (base cashback rate of 3.33% up to S$200/quarter) or cards with high category-specific rates like Citi Cash Back (6% – 8% on dining, groceries and petrol, up to S$80/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.
Additionally, Citi Cash Back+ only offers an annual fee waiver for the first year. While you are able to call in to request a fee waiver in subsequent years, Citibank does not advertise their annual minimum spend to qualify for said waiver.
Alternative Credit Cards with Capped Rewards
UOB One Credit Card
Maximum cashback for stable budgets.
Pros
- Good fit for budgets of at least S$2,000 per month
- Easy cashback on daily spend
- Gives rebates for paying bills
Cons
- Doesn't fit inconsistent budgets
- Annual fee
Citi Cash Back Card
Great cash back card for average spenders looking to benefit from everyday purchases.
Pros
- Great dining and groceries rewards
- High petrol discounts
Cons
- Lacks shopping and entertainment rewards
- Not suitable for lower budgets
Citi Cash Back+ Card 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 limited cashback cards.
How Does Citi Cash Back+ Credit Card’s Rewards Program Work?
Citi Cash Back+ Card
Citi Cash Back+ Card offers one of the highest unlimited flat cashback rate of 1.6% on all expenditures in Singapore and abroad, making it ideal for high-spenders looking to maximize their rewards on all spend with no limits.
Pros
- 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
Cons
- Average or lower spenders looking to maximise rewards
- Those with specialised spend (i.e. dining, shopping)
- Consumer looking to avoid an annual fee
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 instantly redeem cashback for cash rebates in their next bill cycle via the citi app
- Cash back cannot be transferred or pledged
- While cash back does not expire, it is automatically forfeited when an account is closed
To learn more about other cashback cards, and how Citi’s Cash Back+ Credit Card fairs in comparison, check out our credit card results page as well as our round up of cashback credit cards in Singapore!
Compare The Best Credit Cards in SingaporeFind Out More
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