Citi Cash Back+ Mastercard®: review

With its newest card, Citi Cash Back+ Mastercard, Citi is offering a product that caters to users who prefer a simple and convenient way of earning cashback on their spend. 

Citibank Cash Back Plus Card is a straightforward credit card with unlimited cash rebates, no minimum spend, and a flat 1.6% cashback rate on purchases across all online shopping and lifestyle categories.

Cashback earned will show up on your bank statement, so you can easily keep track and redeem them to offset your card balance via SMS.

Pros & Cons

Pros

• Receive S$120 for every successful referral.
• Get accumulative S$120 bonus cash for the 3rd and 5th referral, and S$240 for the 9th referral onwards (capped at S$1,200)
• Earn Cash Back Conveniently
• Accumulate Your Cash Back
• Pay Off Your Purchases
• Redeem Instantly On-The-Go
• Citi World Privileges
• Travel Insurance
• EZ-Pay
• First year fee waived for Main and two (2) Supplementary Cards

Cons

• Minimum income
• High annual fee

Rates, fees & offers

• Annual fee: $192.60 (main card); $96.30 (supplemmentary card)
• Bonus offer: Get 4.5% cash back* on up to S$5,000 spend (up to S$225 cash back) in the first 3 months.
• Intro APR: 25 days of interest free period
• Ongoing APR
  APR: 26.90% per annum subjected to compounding if full payment is not made by payment due date
  Cash Advance APR: 26.9% per annum compounded daily on the amount withdrawn from the transaction date until the date that full payment is made
• Foreign transaction fee: 3.25%

Review

Start Earning Limitless Cash Back

• Earn Cash Back Conveniently: Get 1.6% cash back on your spend*. No minimum spend required and no cap on cash back earned.
• 2.9% Bonus rate: Can be earned on up to the first S$5,000 eligible spend made within the first 3 months. Cashback earned under this bonus rate is capped at S$145.
• Accumulate Your Cash Back: Your cash back earned never expires

Redeem Your Cash Back Easily

• Pay Off Your Purchases: Use your accumulated cash back to offset your purchases
• Redeem Instantly On-The-Go: Redeem your cash back for cash rebate with just a simple SMS.

Citi Privileges

• Citi World Privileges: Enjoy exclusive deals and discounts from travel, dining, to shopping locally and in 95 other countries
• Travel Insurance: Enjoy complimentary travel insurance^ when you charge your airfare to your Citi Cash Back+ Card
• EZ-Pay: Link EZ-Pay to your Citi Cash Back+ Card and breeze through Electronic Road Pricing (ERP) gantries islandwide

How to request this card

Applying for a credit card is very simple and you can do it through the app or website. But you need:

• Social Security Number
• Gross income
• Employer name (if applicable)
• Rent/mortgage amount

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