Citi Cash Back Card Review: How Good Is This Rebates Credit Card?

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Citi Cash Back Credit Card Review

The Citi Cash Back Card offers you exactly what its name suggests. It gives you cashback on a wide category of expenses with rebate rate going as high as 10%. But what exactly does this mean for you?

Let’s take a closer look at its benefits.

How much cashback can you get with the Citi Cash Back credit card?

The image below shows the cashback offered on specific categories:

Citi Cash Back Card

Image source: Citi Bank

Related: Love Cashback? Here Are 5 Credit Cards You Must Check Out

The catch

While the Citi Cash Back Card does offer attractive rates on paper, how much can you actually earn? If you look into the terms, there is a monthly cap on the cashback earned on petrol, groceries, dining and Grab rides — which are the categories that offer 10% cashback. But you earn unlimited cashback at 0.2% on all other retail spends, which doesn’t make a huge difference (RM2 rebate when you spend RM1,000).

But each of these categories come with a cashback cap of RM10 too. That means you need to spend at least RM100 on each of these categories in order to get the 10% cash back capped at RM10 per category — meaning RM40 cashback in total for 4 categories. However, if you spend more than RM100 per category, you won’t earn any additional cashback at 10% rate.

And that’s not all. You also need to ensure that your total monthly bill is above RM1,000 to qualify for the maximum RM40 cashback across 4 categories. If you spend less than RM1,000 in a month you’ll get unlimited uncapped rebates, but only at a rate of 0.2%.

Keep in mind that for groceries, only expenses charged at AEON Big, Tesco, Cold Storage, Giant, Everise, Servay, Econsave, Mydin, B.I.G Ben’s Independent Grocer, Jaya Grocer and Village Grocer qualify for the cash back.

But a good thing is that the cashback you earn will be credited to your account at the end of every billing month.

Related: Citi PremierMiles Visa Credit Card Review: An Ideal Partner for Travel Buffs?

How much does it cost to own the Citi Cash Back Card?

The annual fee for the principal card is RM120 (including 0% GST) and it’s RM60 (including 0% GST) for supplementary cards.

Also, you need to make at least RM36,000 p.a. and must be at least 21 years old, to qualify for this credit card.

The Citi Cash Back credit card also comes with another variant — the Citi Cash Back Platinum, with a higher minimum income requirement (RM60,000 p.a.) and annual fee (RM195 for the principal card, and RM100 for a supplementary card).

And although the cashback cap for the same 4 preferred categories is higher at RM15 per category (total RM60), the minimum monthly spending requirement to avail 10% cashback is also steeper at RM1,500.

Related: Infographic: 7 Credit Cards That Help You Save More on Grocery Spends

What are the other benefits of the Citi Cash Back?

Citi Cash Back Review

Image by Pixabay/Pexels

  • Users of the Citi Cash Back card can enjoy a host of exciting offers at more than 24,000 outlets in Malaysia and across the globe with the Citi World Privileges.
  • Ongoing promotions include 20% off food and beverages at Cinta Terrace – Pulai Springs Resort (offer valid until 31 December 2018) and up to 45% off dining at Shangri-La Hotel Kuala Lumpur’s restaurants (offer valid till 13 March 2019).
  • Users can also get 15% off walk-in hospital room rates at participating hospitals operated by KPJ using their Citi Cash Back card.

Liked this card? Apply for it on Bbazaar and get a Tesco voucher worth RM120 or a Condotti 20” ABS Cabin Bag on card approval

Citi Cash Back Credit Card
Card Type : Cashback
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  • Upto 10% cashback on petrol, grocery, dining and Grab spends

    Unlimited 0.2% cashback on all other retail spends

    Automatic credit of cashback to your account

  • Minimum income – RM36,000 p.a.

    Minimum age – 21 years old

    For Salaried Employees: Copy of MyKad, latest EPF statement, last 6 months’ salary slips, latest 6 months’ bank statements, and form BE with tax payment receipt

    For Self-Employed Professionals: Copy of MyKad, Business Registration Certificate (ROC & ROB), last 6 months’ bank statements, and form BE with tax payment receipt

  • Annual fee: Principal card – RM120 (with 0% GST). Supplementary card – RM60 (with 0% GST)

    Interest rates: 15-18% p.a.

    Late payment fee: 1% of the outstanding balance subject to a minimum of RM10 and a maximum of RM100

Don’t forget to check out this page for many more credit card options

Related: Citi Rewards Card Explained: Earn Never-Expiring Reward Points for Everyday Transactions

So how does it fare in comparison to another competitor?

For comparison sake, let’s pitch the Citi Cash Back against the Standard Chartered JustOne Platinum (review here). While the cashback structure looks similar, the main difference lies in preferred cashback categories, annual fee and minimum income requirement.

We’ve spelt out the basic differences in the table below:

Card name

Preferred cashback spending categories

Annual fee

Minimum income requirement

Citi Cash Back

Petrol, groceries (at select outlets), dining and Grab rides

Principal card: RM120 (with 0% GST)
Supplementary card: RM60 (with 0% GST)

RM36,000 p.a.

Standard Chartered JustOne Platinum

Petrol, online shopping and auto bill payments

Principal card: RM250 (with 0% GST). Waived off in the first year, subsequent years waived off with a minimum spend of RM20,000 p.a.
Supplementary card:  Free

RM24,000 p.a.

 

Now that we’re aware of the basic differences, let’s dig deeper on how the entire cashback structure works out depending how much you spend in total in a month.

When  you spend below RM1,000 in a month

Citi Cash Back

Standard Chartered JustOne Platinum
0.2% cash back on all spends without any caps

0.2% cash back on all spends capped at RM12


When you spend between RM1,000 and RM1,499 in a month

Card name Cashback on preferred categories Cashback on other all other spends Cashback cap
Citi Cash Back 10% cashback on petrol, groceries, dining and Grab rides 0.2% unlimited cashback RM10 for each of the 4 preferred categories (RM40)
Standard Chartered JustOne Platinum 5% cashback on petrol, online purchases and auto bill payments 0.2% cashback RM12


When  you spend between RM1,500 and RM2,499 in a month

Card name Cashback on preferred categories Cashback on other all other spends Cashback cap
Citi Cash Back 10% cashback on petrol, groceries, dining and Grab rides 0.2% unlimited cashback RM10 for each of the 4 preferred categories (RM40)
Standard Chartered JustOne Platinum 10% cashback on petrol, online purchases and auto bill payments 0.2% cashback RM28


When  you spend more than RM2500 in a month

Card name Cashback on preferred categories Cashback on other all other spends Cashback cap
Citi Cash Back 10% cashback on petrol, groceries, dining and Grab rides 0.2% unlimited cashback RM10 for each of the 4 preferred categories (RM40)
Standard Chartered JustOne Platinum 15% cashback on petrol, online purchases and auto bill payments 0.2% cashback RM85

Related: 7 Credit Cards with Great Online Shopping Benefits

Verdict: The key to choosing a card lies in your lifestyle requirements

Citi Cash Back Review

Image by Freepik

If you spend just above RM1,000 in a month with your Citi Cash Back card, you can get RM41.2 cashback (RM40 for 4 preferred categories and RM1.2 on other spends at 0.2% rate) — provided you’ve spent at least RM100 on petrol, groceries, dining and Grab rides each.

On the other hand, with the Standard Chartered JustOne Platinum, the total cashback for RM1,000 monthly spend is capped at RM12, which is less than a third of what the Citi card offers.

However, on the other end of the spectrum, if you spend heavily on petrol, online purchases and auto bill payments and your total monthly bill is equal to or exceeds RM2,500, the Standard Chartered credit card can fetch you cashback of RM85. Which is almost double the RM44.2 that the Citi card will earn as a rebate on similar spending.

So the verdict is simple. Asses your spending patterns and see how likely and how much can you afford to spend on the combination of preferred cashback categories attached to each of the cards in a month, and then choose a credit card that best suits your lifestyle requirements.

The Citi Cash Back card gives rebate at a good rate if your total monthly bill falls in the RM1,000 to the RM2,499 range. But if you’re a heavier spender, the Standard Chartered JustOne Platinum may be a better option for you to earn cashback. That said, the amount you spend every month on the preferred cashback categories will make the real difference.

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All information provided in this article/blog, published on this website is strictly for general information purpose only. BBazaar does not provide any warranty about the authenticity and accuracy of such information. BBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Please visit the websites of respective banks/financial institutions for more details about products.

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