Deal of the Week – 15 Aug 2022: Citi Cash Back+ Card

Citi Cash Back+ Card

If you spend more than S$6K a month on credit cards and don’t want the hassle of juggling multiple card / optimizing miles, the Citi Cash Back+ Credit Card offers the highest cashback rate of 1.6% for any card in Singapore.

Citibank is offering S400 cash reward if you sign up for a Citi Cash Back+ card today.

The Citi Cash Back+ Card is our favorite credit card in Singapore, if you are a high spender (S$6K+ a month) and prefer to collect your credit card rewards as cashback without needing to juggle multiple cards. It gives you an unlimited cash back of 1.6% on all your spend.

That 1.6% is the highest cashback rate for any unlimited cashback card on Mastercard or Visa network in Singapore.

Most other unlimited cashback cards offer a 1.5% cashback e.g. Standard Chartered Unlimited or American Express True Cashback cards.

The UOB Absolute Cashback Card does offer a higher 1.7% cashback rate on all spend but it is an American Express card and may not be accepted as widely as the Mastercard or Visa cards.

Who should get this card? You can easily get much higher cashback rewards for your spending by strategically using multiple credit cards. You can get even better rewards if you are willing to accept and optimize miles instead of taking cashback.

However, if you like to keep things simple and want one credit card for everything AND consistently spend more than S$6-7K a month, we think the Citi Cash Back+ is the best credit card for you.

If you like to keep things simple but don’t spend as much every month then a Maybank Friends & Family or a UOB EVOL might be a better choice for you.