The Citi Rewards Card is a callout to shopaholics in Singapore. Every time you set your foot out the door after a fit of “I have nothing to wear”, there’s a ding that sings rewards points on your shopping spree over clothes, shoes and bags. In this review of the Citi Rewards Card, let’s take a peek into what “Rewards” actually means on this card.
Citi Rewards Card Review: Enjoy 10X or even 20X rewards on your shopping worldwide, every day of the year
Features of the Citi Rewards Card
Here’s how the Citi Rewards Card rewards us for shopping:
- 10X Rewards points on local and overseas purchases of clothes, shoes and bags, online or at retail stores
- 10X Rewards points on local and overseas purchases made at departmental stores (online department stores like Lazada included!)
- 20X Rewards points on certain merchant partners during promotional periods (we have seen this for Amazon, Lazada and Zalora, Tangs, Takashimaya and Duty-Free Singapore)
- 1X Rewards point per S$1 spent everywhere else
Citi Rewards Card: Fine print that you should take note of
In our opinion, this is a simple card that is rewarding and doesn’t have too many hoops for you to jump through. Just take note of these two things:
- The points are valid for a period of 5 years.
- The maximum 10X Citi Dollars you can accumulate per month is 10,000 Citi Dollars, which is equivalent to S$1,000 spent on eligible categories a month.
- You can get both the Citi Rewards Visa Signature Card and the Citi Rewards World Mastercard, thus doubling your maximum number of Citi Dollars can you earn in a year.
Does ‘Rewards’ only mean points?
If you’re saving up for a big vacation and you’d rather have your rewards points in the form of air miles, 10X points will be converted at the rate of 4 air miles per S$1 spent. You can then use these air miles to knock off a few digits off your flight tickets or hotel accommodation when travelling overseas.
The Citi Rewards Card also comes with many other benefits that may change from time to time. At the time of writing, your Citi Rewards Card will entitle you to shopping and travel deals such as:
Translating Rewards to Redemption
After going on shopping sprees with your Citi Rewards Card, you can redeem your Rewards points for vouchers, gift cards, cash rebate, flight tickets and other merchandise on the Citi ThankYou Rewards catalogue.
Here’s an illustration of what your accumulated reward points can fetch you:
- 2,640 Rewards points = S$10 voucher from Starbucks
- 5,390 Rewards points = S$20 voucher from Isetan
- 12,380 Rewards points = Gift card from TANGS worth S$50
- 36,000 Rewards points = Cash rebate of S$100
- 87,500 Rewards points = Round trip to Seoul
Should you redeem your Citi Dollars for vouchers?
The short answer is no.
Although the card offers 10X Rewards points, the redemption offers don’t stand out. This is because you need to earn a minimum 5,000 points just to get a shopping voucher worth S$20 from the Citi ThankYou Rewards catalogue. If you spent S$500 to get a S$20 voucher, you’re only getting a rebate of 4%, and that’s if you’re diligent in only using your card for 10x spends.
What about miles or hotel redemptions?
However, if you wish to convert your points to air miles, then 25,000 Rewards points = 10,000 air miles which you can redeem for KrisFlyer Miles, Asia Miles, British Airways Executive Club, Etihad Guest, etc. With 10,000 air miles, you can get a one-way Economy Saver ticket to Malaysia, Brunei or Indonesia on Singapore Airlines or SilkAir. We usually value one mile at 2 cents, which means each time you’re getting 4 miles per S$1 spent, you’re getting back 8% in value.
You can also convert your Rewards points at the same conversion rate of 25,000 Rewards points = 10,000 points for hotel redemptions at Hilton Honors Points and IHG Rewards Club Points. With 10,000 Hilton HHonors points, you choose to get a standard room or an upgrade to a premium room at Hilton Hotels (depending on hotel terms and conditions).
How does the Citi Rewards Card compare to the OCBC Titanium Rewards Card?
Now, if you compare the Citi Rewards Card to the OCBC Titanium Rewards Card, it’s pretty much the same benefits – 10X OCBC$ on shopping for clothes, shoes, bags and department store purchases. But the Titanium Rewards Card also offers 10X OCBC$ on electronics and gadget purchases, meaning you can buy things at Apple, Best Denki, Courts, Harvey Norman, etc. and get 10X points.
The card also offers E-Commerce Protection in case of delivery of defective products or non-delivery of products up to US$200 per year.
Given that online shopping can sometimes be risky, especially when shopping on foreign shopping websites, these covers are a great boon to safeguard your purchases.
What else does the Citi Rewards Card have to offer?
Well, the Citi Rewards Card may not offer protection for your shopping escapades, but it does offer protection for your life and the life of those accompanying you overseas. Yes, we’re talking about travel insurance.
If you purchase your flight tickets using this card, the principal and supplementary cardholders are insured up to S$1 million in case of accidental death or permanent disablement and your children are insured up to S$50,000. You also get medical assistance cover.
However, the travel inconvenience cover that includes compensation for flight delay, baggage delay/loss, trip cancellation, etc. is only applicable to the principal cardholder.
So, shop your way to more miles and free flights with the Citi Rewards Card
Card Type: Rewards
Annual Fee: S$192.60 (1-year waiver)
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- 10X Rewards for every S$1 spent on clothes, bags, and shoes online as well as at department stores worldwide
- Up to 10% Citi Rebate at over 300 participating merchants
- Up to S$1 million complimentary travel insurance
- Rewards points are valid for 5 years
Verdict: The Citi Rewards Card is definitely a must-have for most of us Singaporeans, and even more so if you’re planning to redeem your points for miles. With 10X or up to 20X reward points on a wide range of shopping, you can chalk up quite a sizeable amount of points each year. Plus, the points are valid for 5 years, making it even easier to save up for something big.
Use the Citi Rewards Card in combination with air miles cards like the Citi PremierMiles Card and another rewards card like the HSBC Revolution Card to be covered for most spending categories. Once you’ve accumulated an arsenal of points, you’ll be ready to convert them to miles and fly away!
Do you agree with our thoughts on the Citi Rewards Card?