12th April 2021 - 2 min read
Citibank has updated the benefits of several credit cards to include Lotuss Stores Malaysia Sdn Bhd in its list of eligible merchants, effective immediately. A total of five cards are involved in this revision, namely the Citi Cash Back card, Citi Cash Back Platinum card, Citi Rewards card, Citi Rewards Platinum card, and Citi Gold card.
Each card will see the update carried out within the respective categories:
|Citi Cash Back card and Citi Cash Back Platinum card||Groceries|
|Citi Rewards card||Supermarket|
|Citi Rewards Platinum card||Home|
|Citi Gold Card||Supermarkets/Hypermarkets|
For context, this revision is brought about by the rebranding of hypermarket chain Tesco Stores, after it was bought over by Lotuss Stores at the end of 2020 – a subsidiary of Thailand’s conglomerate, Chareon Pokphand Group Co. Ltd (CP Group). Following this acquisition, about 60 Tesco and Tesco Extra stores nationwide officially changed its name to Lotuss Stores Malaysia Sdn Bhd, with the rebranding exercise slated to complete by the end of 2021.
With regard to the cards, the Citi Cash Back and Citi Cash Back Platinum card both offer cashback of up to 10% on petrol, groceries, dining, and Grab rides when cardholders hit the minimum spend requirement. This benefit – which is capped at RM10 and RM15 per category for Citi Cash Back and Citi Cash Back Platinum, respectively – is in addition to an unlimited 0.2% cashback on other retail spend.
Meanwhile, the Citi Rewards Card and Citi Rewards Platinum card both offer 5x evergreen Rewards Points for purchases made with selected stores and retail outlets within Malaysia and abroad. Specifically, the Citi Rewards Card will reward expenses at major departmental stores and supermarkets, as well as online spend with participating merchants. Citi Rewards Platinum, on the other hand, offers the benefit for a broader range of categories, including shopping, entertainment, petrol, home, and travel.
Finally, the Citi Gold card also offers 3x evergreen Rewards Points at major department stores and supermarkets/hypermarkets. The list of eligible merchants include Tangs, Marks & Spencer, AEON, Isetan, and Cold Storage.
You can find out more about the Citi cards here.
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