12 Feb - 6 min read
Citibank has launched an e-wallet top-up campaign for all Citi credit cardholders, offering up to RM400 in cashback and also an additional 10x rewards points just by topping up the eligible e-wallets using your Citi credit cards. The 2020 Citi eWallet Campaign has several sub-campaigns under this main promotion – which vary according to the type of Citi credit card you have as well as the rewards you stand to gain.
If you have a Citi card and regularly use e-wallets, keep reading.
This campaign is open to all principal cardholders of Citi Visa or Mastercard credit cards. There are five e-wallets eligible for top-up under the campaign: Boost, GrabPay, Touch ’n Go eWallet, BigPay, and Lazada Wallet. The campaign is divided into two sub-campaigns; you can earn up to RM150 in the first and up to RM250 in the second.
All you need to do is top up an eligible e-wallet with a minimum of RM100 once every month from February (starting from 7 February) to April. At the end of those three months, you will be eligible for RM30 worth of cashback for one e-wallet, which works out to 10% in cashback returns.
You can get more cashback by topping up more than one e-wallet – allowing you to earn up to RM150 cashback in three months if you make the required monthly top-ups across all five e-wallets. Here’s the example provided by Citi:
The total cashback to be given out under this sub-campaign is capped at RM250,000 throughout the campaign period. The cashback will be rewarded on a first-come-first-served basis, based on when your transaction is made during the month of April (the final campaign month).
Take note of this, as it means the eligibility of this sub-campaign’s total cashback hinges on what time you perform your e-wallet top-ups in April.
If you want more cashback, you can participate in the second cashback sub-campaign. To qualify, top up RM100 into an eligible e-wallet for five consecutive months anywhere between 7 February and 31 December. You will then be rewarded with RM50 in cashback at the end of the five months – 10% in cashback returns.
Again, you can earn more cashback by topping up multiple eligible e-wallets, earning you up to RM250 in cashback. The total cashback under this sub-campaign is capped at RM500,000 on a first-come, first-served basis. Here’s the illustration provided by Citi:
So, you can earn anywhere from RM30 in cashback to a total of RM400 under this main cashback campaign – depending on how many e-wallets you top up and whether you do it for three or five months in a row.
Based on the T&Cs of both sub-campaigns, it does seem that you can participate both sub-campaigns concurrently. So, if you top up just RM100 every month from now until April, that should fulfil your requirements for the first sub-campaign and leave you two months to go to complete sub-campaign part two.
The terms and conditions for this campaign can be found here for Visa cardholders and here for Mastercard holders. Despite the different documents for Visa and Mastercard cardmembers, both sets of terms and conditions are the same.
In addition, Citi has another version of its e-wallet campaign that offers both cashback and additional 10x rewards points. Sounds too good to be true? Well, this campaign is strictly by invitation only to selected Citi cardholders of rewards-point based credit cards. Invited users will receive an SMS informing them of eligibility.
The cashback mechanics for this campaign are identical to those of the cashback-only promotion we’ve explained above. It is divided into two sub-campaigns offering up to RM400 in cashback and the requirements for earning the cashback are exactly the same.
The bonus in this particular campaign lies in the additional 10x rewards points you can get from e-wallet top-ups under Sub-Campaign Part 1. That’s the part that requires you to top up your e-wallet from February to April; you don’t get additional rewards points for the second sub-campaign which requires you to top up for 5 months in a row.
As an example, let’s say you top up RM100 into each of the five eligible e-wallets for three months, spending RM1,500 altogether. Under your normal 1x rewards points earning, you would be getting 1,500 Rewards Points. Thanks to the campaign, you will get an additional 10x points multiplier, earning you 16,500 rewards points (1,500 + 15,000 bonus) for your top-ups. Note that you can top up any amount to earn the 10x bonus points, making this potentially really rewarding for heavy e-wallet users.
There is a monthly cap of 200,000,000 Rewards Points to be given out, with a total campaign cap of 600,000,000 over the three-month campaign. These will be given out on a first-come-first-served basis based on when the qualifying transaction is made each month.
If you have been invited to participate in this campaign, it is unlikely that you will be able to participate and reap the benefits of the cashback-only campaign too – given that this campaign is basically the cashback campaign plus additional rewards points benefits.
For those who top up their e-wallets regularly, this campaign is an incredibly easy way to get a rewarding 10% cashback. Even if you only use one out of the five participating e-wallets, you can get at least RM30 in cashback after three months; if you use all five, you’ll earn the most.
Not to forget, on top of your 10% campaign cashback for topping up, you still get to reap whatever benefits your e-wallet has to offer when you spend the money in your e-wallet!