Credit card market is extremely complex and convoluted; it’s near impossible for anyone to do a thorough research to find the perfect credit card for their situation. However, our team at ValuePenguin have worked diligently to analyze over 100 cards to assist consumers in their credit card shopping process. In our opinion, Citibank has one of the most attractive and diverse collection of credit card offerings available in Singapore. Here, we have selected and reviewed 5 different cards from Citi that have distinct and disparate strengths to appeal to different individuals. No card is perfect, but we think one of these cards could be highly valuable to most Singaporeans who want to earn rewards and save on daily expenditures.
Our Picks For the Best of Citibank Cards in 2017
To help you find the best credit cards available in Singapore, we've compiled our list of the best Citibank cards of 2017. The following cards are among the best cards from Citi we have analyzed. Read our review below to evaluate if any of these would be an ideal fit for your circumstances.
Citi Cashback Credit Card: Best Cashback Card
Formerly known as Citi Dividend Card, Citi Cashback Credit Card is a cashback card from Citi that is centered around food. It doesn’t cover some other categories like entertainment, shopping and utility bills, but it provides top rates for grocery (8%), dining (8%) and Grab rides (8%). Citi also provides 21% discount on petrol. Because Citi Cashback has a decently high cap on monthly cashback of S$100, you can save up to S$1,200 every year on food and transportation (petrol and Grab rides), an excellent value proposition. Because of its emphasis on meals both at home and at restaurants, we think this card is ideal for foodies who love to save on meals. Right now, Citi is running a promotion that boosts your rebate on Grab to 20% until 6 July 2017 and petrol discount to 24.32% until 30 April 2017, with another S$190 in cash rebate & Grab credit for new customers.
Pros of Citi Cashback Card
- 8% cash back on grocery, dining
- 20% cash back on Grab rides until 6 July 2017 (8% thereafter)
- Up to 21% off on petrol (24.3% at Esso until 30 April 2017)
- Relatively high cashback cap of S$100 a month
- Promotion: S$120 cash rebate welcome gift + up to S$70 Grab credit
Cons of Citi Cashback Card
- High annual fee of S$192.6, first year waived
- Relatively high monthly minimum spend of $888 to qualify for maximum benefits
- All other retail expenditures not previously mentioned only receive 0.25% of rebate
Citibank SMRT Platinum Visa Card: SMRT EZ-Link, Grocery and Coffee
If you commute on mass transit daily and drink coffee religiously, 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 like up to 7% off on grocery and up to 15% off on coffee. For people who enjoy morning coffees on the way to work, and shop for groceries on the way back home, Citibank SMRT Platinum card presents an excellent value proposition. The only downside is its low cashback cap of S$280 (S$40 monthly), but this shouldn't present too much trouble for people with a modest budget.
Pros of Citibank SMRT Platinum Visa Card
- One of the highest grocery rebates of up to 7%
- Up to 15% rebate on coffee
- Up to 15% cashback on petrol
- Doubles up as a EZ-link card, with 2% rebate on Auto Top-Ups
- S$160.5 annual fee is waived for 2 years
- Promotion: S$120 of welcome and 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
Citi PremierMiles Visa Card: Best Airline Miles Card
Citi PremierMiles Visa Card is one of our favorite travel cards available in the market. While its annual fee of S$192.6 may make it seem to be a tad bit more expensive than other cards like DBS Altitude, Citi PremierMiles card is well worth the money because its superb set of miles rewards and generous welcome gifts represents one of the best value available in the market. To illustrate, Citi PremierMiles card offers 1.2 miles and 2 miles for S$1 spent locally and overseas, respectively. Not only that, you can receive up to 30,000 bonus miles in your first year, as well as 10,000 additional miles each year when you renew the card. To summarize, Citi PremierMiles Card is great for an average consumer because it’s relatively affordable to use, earns great miles and provides flexible redemption with over 60 airlines and 8,000 hotel properties.
Pros of Citi Premier Miles
- 1.2 miles for S$1 spent locally, 2 miles for S$1 spent overseas, 10x miles for online travel bookings
- Flexible convertibility to over 60 airlines & 8,000 hotel properties, including Star Alliance, Skyteam, IHG rewards and Hilton HHonors points
- 15% off petrol spend at Shell and 14% off at Esso
- Promotion: Up to 30,000 bonus miles (15,000 when you apply and spend within first 3 months + 15,000 miles when you spend a total of $10,000 within first 3 months)
- Bonus: 10,000 miles when you pay the annual fee and renew
Cons of Citi Premier Miles
- No annual fee waiver
- S$25 administration fee for each Frequent Flyers Programme redemption
Citi Prestige MasterCard Credit Card: Best For Luxury Travel Benefits
Citi Prestige MasterCard Card is one of the best high-end miles cards. Although Citi Prestige MasterCard Credit Card comes with a high price tag of S$535 of annual fee, it also provides some "prestigious" benefits like SPG Gold Status and special deals at golf courses. It also provides superb mile awards, with 1.3 miles and 2 miles for every S$1 spent locally and overseas, respectively. This rate can be boosted by up to 30% for those with Citigold status.
Pros of Citi Prestige Card
- High mile award of 1.3 miles and 2 miles for every S$1 spent locally and overseas, respectively, with the ability to boost your reward miles by up to 30% with a banking account with Citi
- Various travel perks like SPG Gold Status, special benefits at Four Seasons and Ritz Carlton around the world, unlimited complimentary 4th night at any hotel and unlimited Airport Lounge VIP Access
- Other luxury perks like access to golf courses and discounts on yachts
- Promotion: Annual bonus of up to 25,000 miles when you pay the annual fee to renew
Cons of Citi Prestige Card
- High annual fee of S$535 & annual income requirement of S$120,000
- Not as good as other luxury cards unless you are a Citigold customer
Citi Rewards Visa Card: Best Miles Card for Shopping
Citi Rewards Visa Card is one of the best miles cards for shopping rewards. Citi Rewards card has the best rewards program we’ve seen in this category, with 4 miles for every S$1 spent on shopping regardless where the purchase occurs. This is a big differentiating factor for this card because most other cards limit award miles for either online purchases or offline purchases at specific offline retail stores. While its 0.4 miles on other purchases is pretty dismal, Citi nicely rounds up Citi Rewards' offer with up to 15% discount on petrol.
Pros of Citi Rewards
- 4 miles (10 reward points) for every S$1 spent on shopping (including online), 8 miles (20 reward points) at select shops like Topman
- 15% off on petrol at Shell, 14% off at Esso
- Promotion: S$200 Lazada voucher as a welcome gift
Cons of Citi Rewards
- High annual fee of S$192.6, not waivable
- 0.4 miles (1 reward points) on other expenses
Summary of Best Citibank Credit Cards
In case you want a quick look at our picks, here are ValuePenguin's best Citi credit cards.
|Best Citibank Cards||Summary||Annual Fee|
|Citibank PremierMiles Visa Card||Best Air Miles Credit Card||S$192.6|
|Citibank Prestige Card Mastercard||Best Luxury Miles Card||S$535|
|Citibank Rewards Card VISA||Best Shopping Miles Card||S$192.6|
|Citibank Cashback Visa Card||Best Cash Rebate Card||S$192.6|
|Citibank SMRT Platinum Visa Card||Cash Back on EZ Link + Groceries||S$160.5|
Similar cards from other banks to consider
Learn how the best Citi credit cards differ from similar offerings from other banks. We have analyzed each card carefully to highlight its strengths and weaknesses. Furthermore, we estimate the total dollar value of each card's rewards over 2 years by applying each card's unique set of rewards programs to an estimate of average monthly spend for consumers in Singapore. You should note that the dollar value can heavily depending on your spending habits, so make sure to read through each card's review and see if it fits your monthly budget. There are also other "intangible" benefits like complimentary travel insurance and free access to airport lounges whose values are difficult to quantify but nevertheless incredibly valuable to some consumers.
Citi Premier vs DBS Altitude
DBS Altitude is quite similar to Citi PremierMiles card, in terms of annual fee (S$192.6) and mile awards (1.2 miles for S$1 locally and 3 miles for S$1 overseas). The biggest difference is that one offers a fee waiver and the other offers bonus miles. DBS Altitude's first year fee is waived, and subsequent years are waived for people who maintained at least S$25,000 of spend per year on the card. In contrast, Citi PremierMiles charges an annual fee every year, but awards you up to 30,000 miles as a welcome gift and another 10,000 each year for renewals. While the difference in annual fee sums up to about S$400 for a 2-year period, 40,000 miles from Citi PremierMiles can make up for the difference. So if you don't like paying an annual fee, DBS presents a nice alternative to the Citi PremierMiles card.
Citi Prestige MasterCard vs UOB PRVI Miles American Express Card
UOB PRVI Miles American Express Card presents an alternative way of earning luxury card rate awards without the luxury fees. It is an excellent option for people who care more about dodging annual fees and are willing to forgo luxurious perks like free lounge access or flexible travel benefits. UOB PRVI Miles card's 1.4 mile and 2.4 miles per S$1 spent locally and overseas is on par with offers by Citi Prestige. However, its annual fee is only S$256.8 and is waived for the first year. Its travel mile award is actually better than other luxury cards at 6 miles per S$1 spent on travel booking.
However, it does not provide other perks like SPG or Hilton Gold memberships to make up for the cost difference. Lastly, Citi Prestige MasterCard Credit Card definitely has a richer loyalty program that awards 25,000 miles for renewal, while UOB PRVI Miles Card requires you to spend at least S$50,000 a year (over S$4,000 a month) to earn bonus 20,000 miles, a hefty budget for most people.Citi Prestige may be a better fit for people who care about hotel benefits and don't mind the annual fee. Otherwise, UOB PRVI Miles Card is one of the best credit card offers in Singapore.
Citibank Cashback vs OCBC 365
OCBC 365 is a great cashback card for everyday use. Its rewards categories span many categories like dining (up to 6% on weekends), online shopping (3%), petrol (up to 23.9%), groceries (3%) and utility bills (3%). It is also quite affordable because its annual fee is waived for people who maintain S$10,000 or above of annual spend on the card. This card works better for people who want a cheap and versatile card to address a variety of expenditures. However, Citi Cashback does offer better rates on grocery and dining, making it a better choice for people care most about saving on meals.
Citibank Cashback vs UOB Delight
If dining out is not a big part of your life, UOB Delight might be a better way to save money on your meals than Citi Cashback. UOB Delight can help you save up to 18% on groceries if you don't mind buying house brands at supermarkets like cold Storage, Giant and Guardian. UOB Delight also helps you save on monthly utility bills and contactless transactions (i.e. public bus) with its rebate of 3% and up to 20% off petrol. However, if you like to dine out as often as you cook at home, Citi Cashback presents a convenient method of consolidating all of your "food" expenses into one card.
Citibank SMRT vs POSB Everyday
POSB Everyday card is one of the best cashback cards in the market for everyday use. Like Citi SMRT card, POSB Everyday can also double up as an EZ-link card with a 2% cashback on Auto Top-Ups. While its grocery cashback of 5% at Sheng Siong is worse than Citi SMRT’s 7%, POSB Everyday wins out in petrol (20.1%). Not only that, POSB Everyday also has no cap on how much cashback you can earn, providing an opportunity to earn hundreds if not thousands of dollars in cashback every year. These additional benefits do come with a cost because POSB Everyday charges an annual fee of S$128.4 with only 1 year waived, while Citi SMRT's is waived for 2 years. All in all, if you are looking for a more rewarding card for a higher fee than Citi SMRT card, POSB Everyday is a great alternative.
*ValuePenguin 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 ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.