Earn never-ending Rewards Points and exclusive privileges with the Citi Rewards Card. And that’s not all! The credit card provides you with worldwide assistance anywhere you go and ensures your comfort zone expands in every direction you move.
With rewards points that you can earn at a high rate for everyday purchases, to airport lounge access and benefits on hotel bookings, the card has got a number of things covered for you.
So let’s take a look at the major pluses and some minuses of this credit card:
|What we like the most 🙂||What isn’t that great 🙁|
|5x Rewards Points for purchases made at selected departmental stores and supermarkets, and on overseas spends
Complimentary access to the Plaza Premium Lounge in KLIA, other exclusive privileges at luxury hotels, golf courses, etc.
Citi Rewards Points never expire
|5x Citi Rewards Points for purchases at departmental store/supermarkets capped at a maximum spend of RM3,000 per month
5x Citi Rewards Points for overseas spends capped at a maximum spend of RM24,000 p.a.
Only eligible transactions above RM200 qualify for 5x Rewards Points
Now let’s examine this credit card in more detail. Let’s start with the key benefits:
Get rewarded for everyday transactions
Whether you’re shopping locally or overseas, the Citi Rewards Card makes sure you get rewarded for almost every transaction. Here are the major categories that earn you rewards points:
Departmental store purchases
Earn 5x Citi Rewards Points when you make purchases at the following departmental stores:
- AEON and AEON Big
- Marks & Spencer
You will get rewarded with 5x Citi Rewards Points every time you shop at the following supermarkets:
- Cold Storage
- B.I.G. Ben’s Independent Grocer
- Jaya Grocer
- Jasons Food Hall
- Village Grocer
The card also lets you earn 5x Citi Rewards Points when you use it to make purchases overseas.
Apart from these, every other retail transaction will earn you 1x Citi Rewards Points.
It’s great to earn the Rewards Points. But what can they do?
There’s a lot that you can do with the Citi Rewards Points you accumulate over time. They can be redeemed for:
- Free merchandise
- Air miles for discounted air tickets
- Discounts on selected hotel bookings
- Paying for daily expenses to cut down your credit card balance
Other benefits and privileges associated with the card:
Luxury and comfort
Show the card at the KLIA Plaza Premium Lounge and explore a variety of services and facilities. What else? There is no limitation on how many time you can gain access to Plaza Premium Lounge at the KLIA!
Stay connected, stay protected!
Get preferential treatment wherever you are via Citi Rewards dedicated priority line, and 24/7 Visa worldwide concierge, or World Mastercard concierge services.
The card also covers you and your supplementary cardmember(s) for any personal accidents incurred while overseas, when you charge your travel ticket to your Citi Rewards Card.
Eligible purchases on your Citi Rewards Card are also protected for 30 days up to maximum RM10,000 per item / RM25,000 per occurrence. Click here to get full information.
Wait.. there’s more!
- Enjoy discounts on green fees at participating golf clubs
- Get discounts on exclusive healthcare packages
- Enjoy privileges at more than 24,000 dining, online shopping, travel, and lifestyle merchant outlets around the world
- Get instant access to cash anywhere in the world at more than 500,000 ATMs
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Card Type : Rewards
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5x Citi Rewards points for purchases made at major departmental stores and supermarkets
5x Citi Rewards points on overseas spends
1x Citi Reward points on every RM 1 spent locally for all other categories
Minimum income-Visa Signature: RM60,000 p.a., World MasterCard: RM90,000 p.a.
Minimum age: 21 years (principal card)
For Salaried Employees: Copy of MyKad, latest EPF statement, latest 6 months’ salary slips, latest 6 months’ bank statements, form BE with tax payment receipt
For Self-Employed Professionals: Copy of MyKad, Business Registration Certificate (ROC & ROB), latest 6 months’ bank statements, form BE with tax payment receipt
Annual fee: Principal: RM600 (including 0% GST), Supplementary: RM150 (including 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
Keep in mind, though
Here are some things you need to keep in mind before you apply for a Citi Rewards Card:
- You can earn Citi Rewards Points for transactions that are RM200 and above
- 5x Citi Rewards Points earned with overseas purchases are subject to a maximum spend of RM24,000 per year
- Maximum number of 5x Citi Rewards Points earned with supermarket and departmental store purchases is limited to a maximum spend of RM3,000 per month
- The annual fee for the card is RM600 (exclusive of GST). Annual fee can be waived for 3 years if the card is activated within 60 days of approval. Offer valid till 31 January 2019. T&Cs apply.
The following transactions are excluded from the calculation of Citi Rewards Points:
- Government services and taxes charged by the government.
- Payment of Flexi Payment Plan, balance transfer plan, EPP, Dial-For-Cash, and other value-added services.
- Cash advances.
- Payment for the card account, payment of the annual fee, late payment fee, and payment of other fees and charges.
- Purchases of fuel
So how does this card compares against another rewards credit card?
You can understand the true merit of a credit card only when it’s held against another competitor. For comparison sake, let’s pitch the Citi Rewards against the Standard Chartered Visa Platinum (read our review here). Here’s what we found out:
Standard Chartered Visa Platinum has no spending caps to earn 5X Rewards Points
First up, like its Citi counterpart, the Standard Chartered credit card also offers 5x Rewards Points on purchases made at selected departmental stores, overseas spends, and dining bills. But unlike the Citi card, the Standard Chartered Visa Platinum doesn’t put any spending cap to earn 5x Rewards Points. So that’s a minus for the Citi Rewards card, which puts monthly spending cap of RM3,000 for selected departmental store purchases and RM24,000 annually for overseas spends.
But the never-expiring Citi Rewards Points can be redeemed for more benefits
The Standard Chartered 360 degrees Rewards Points expire in 3 years, which is no match to the Citi Rewards Points that never expire! Plus, the Citi Rewards Points can be redeemed for merchandise, air miles, hotel stays and to even pay for daily expenses cutting down your credit card balance, unlike the Standard Chartered points that can only be redeemed for merchandise.
Citi Rewards Credit Card has a steeper minimum income ask
The minimum spending requirement to apply for a Citi Visa Signature is RM60,000 p.a. and it’s RM90,000 for the World Mastercard variant. That said, it takes earnings of only RM24,000 p.a. to apply for a Standard Chartered Visa Platinum.
However, the extra privileges on offer make Citi Rewards a more attractive option
Sure, the Citi Rewards is not as affordable as the Standard Chartered Visa Platinum in terms of minimum income requirement, but it does offer a host of additional privileges to make up for it — like travel insurance, purchase protection, lounge access, concierge services, privileges at golf courses and luxury hotels, etc.
The Citi Rewards Credit Card is mainly targeted at middle to high-income earners to reward not just their purchases at fancy departmental stores and supermarkets but also travel expenses and overseas spends.
While the card ensures its users accumulate a pool of never-expiring Rewards Points quickly, the various spending caps on earning those points may disappoint some. However, the number of additional benefits (lounge access, travel insurance coverage, exclusive deals on hotel bookings, etc.) and more options to redeem the points can make up for those spending caps.
Want more options? Check out our reviews for other popular credit cards in Malaysia:
- Citi Prestige Review: A Premium Credit Card with Many Exclusive Privileges
- Standard Chartered Priority Banking Visa Infinite Review: A Premium Credit Card That Rewards Loyalty
- Standard Chartered Cashback Platinum Mastercard Review: How Good Is This Credit Card for Rebates?
- Alliance Bank Visa Infinite Card: The Quicker Way to Earn Travel Rewards
- Maybank 2 Cards Premier Review: A Premium Credit Card with a Superb Air Miles Conversion Rate
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