Citi’s most rewarding credit cards are usually reserved for the higher tiers, but the Citi Cash Back Card – and its Platinum variant – are surprisingly decent choices. These cards offer respectable cashback, and are straightforward with no frills, making them interesting choices for those who want an uncomplicated credit card.
With no points rewards systems or other bells and whistles, the Citi Cash Back credit card is a pure cashback play that offers a generous 10% cashback for four categories – but at low monthly caps. The categories do cover the essentials though, so you can generally hit the maximum cashback every month.
Cashback In Essential Areas
The 10% cashback is applicable for four categories: petrol, groceries, dining, and interestingly, Grab rides. While that sounds generous, the monthly cap for each category is RM10, which means the maximum cashback you can get from these four categories each month is RM40. For use of the card in other categories, you get 0.2% cashback that’s uncapped.
Since the cap for each category is capped at RM10, you will only earn cashback for the first RM100 you spend on each category. However, that doesn’t mean you can stop using the card after spending RM100 in each of the four categories – you will need to spend a minimum of RM1,000 on the card each month to unlock the 10% cashback. If not, all transactions will yield only 0.2% cashback.
For the Citi Cash Back Platinum, the 10% cashback is the same, but with a higher RM15 monthly cap for all four categories. This means you get a slightly higher maximum cashback from the four categories, at RM60 a month. However, this 10% cashback will only unlock once you spend a minimum of RM1,500 on the card. Meanwhile, the 0.2% cashback for other expenditure remains.
In theory, if you spend above RM1,000 which includes at least RM100 on each of the four categories, (or above RM1,500 including at least RM150 for the Platinum) you will earn a minimum of 4% cashback (because you’ll also be earning 0.2% on the remaining expenditure) – it’s definitely lower than some of the better cashback credit cards out there, but decent enough to be considered an alternative.
To be fair, there is just one requirement in order to get the 10% cashback, which is the minimum RM1,000 (Gold) or RM1,500 (Platinum) spending on the card. If you don’t, all expenses on the card will only yield a tiny 0.2% cashback. Hence, this card is really only beneficial when your monthly expenses are above these two figures to unlock the cashback.
Besides that, you should also take note of the annual fees of the Citi Cash Back credit card. The Gold card has an annual fee of RM120, while the Platinum charges RM195. You could contact customer service to see if this fee can be waived, but it is highly dependent on both the customer service officer you are speaking to and, perhaps more importantly, your credit history with the bank.
The Citi Cash Back credit cards have a standard minimum income requirement, set at RM36,000 a year (or RM3,000 a month) for the Gold, and RM60,000 a year (or RM5,000 a month) for the Platinum.
Verdict: Decent Cashback Credit Card
The Citi Cash Back Gold and Platinum credit cards are decent pure cashback credit cards. They offer about 4% effective cashback, which is not too bad, but there are some better cashback credit cards available.
The most important thing about these cards are their minimum spend amount to unlock the cashback. Therefore, you should consider two things before applying for this card. First, do you spend more than RM100 or RM150 in the four categories every month? Next, do you generally spend above RM1,000 or RM1,500 per month on petrol, groceries, Grab rides, dining, and essentials such as bills? If so, the questions would also help you to choose between the Gold and Platinum cards.
Finally, if you apply for the Citi Cash Back credit card via RinggitPlus, you’ll be in for a treat as well. As part of the RinggitPlus 6th Anniversary celebrations, all successful and approved applications for this card will be eligible for our exclusive Super Duper gift bundle worth RM818! Find out more in or anniversary FAQ.