Moneymax Reviews: Save on Essentials with a Citi Cash Back Card

The last benefit you’ll ever think credit cards have is saving you money, right? Wrong. In fact, there are credit cards out there that can save you money on every swipe. How? By awarding you with cash rebates on specific spend categories.

We call them cashback credit cards. Fortunately, they aren't that hard to find. In fact, most banks offer great cashback credit cards to shoppers looking to maximize their purchases. One of the popular cards you’ll see out there is the Citi Cash Back Card.

Curious about the Citi Cash Back Card? Then you came to the right place. In this Moneymax Reviews edition, we bring you Citibank’s own rebate generator. Find out more in this Citi Cash Back Card review.

Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

Citi Cash Back Card Features

Just like in every boxing match, let’s look at Citi Cash Back Card’s tale of the tape. Judging by its features, it seems the Citi Cash Back Card costs more to use and maintain. But is it worth it?

• Annual fee:
  • ₱4,500 for principal cardholders (free for the first year)
  • ₱2,250 for supplementary cardholders (free for the first year)
• Interest rate: 2%
• Minimum monthly income requirement:
  • ₱15,000 (for existing credit cardholders)
  • ₱20,833.33 (for new cardholders)
• Cash advance fee: ₱200 per transaction
• Late payment fee: ₱1,500 or the unpaid minimum amount due, whichever is lower
• Overlimit fee: ₱1,500 or the highest overlimit amount, whichever is lower
• Foreign transaction fee: 3.525% of the amount
• Card replacement fee: ₱400

Citi Cash Back Card Benefits

How Much Rebate Will I Receive Monthly?

Now comes the fun part: the rebates. For starters, the most cashback you’ll receive from a Citi Cash Back is 6% on supermarket purchases. This means you’ll save money every time you use it for essentials and other grocery items. That’s a huge help in the new normal.

You’ll also get a 2% cashback on Meralco bill payments if you pay through Citibank Online or Citi Mobile App. With Meralco bills skyrocketing in the new normal, getting a portion of your bill back is a welcome benefit of owning a Citi Cash Back Card.

If that’s not enough, you’ll receive 0.20% cashback on all other purchases. So if you’re spending ₱5,000 a month on groceries, ₱2,500 on Meralco bills, and ₱10,000 on other non-essential purchases, you’ll receive ₱4,440 worth of rebates by the end of the statement year.

Note that there is a monthly cap on rebates amounting to ₱1,250 per month. So if you constantly shop using your Citi Cash Back Card, there’s a chance you’ll receive ₱15,000 rebates in just one year.

What Perks Can I Enjoy with My Citi Cash Back Card?

Because we’re talking about a credit card, we can’t miss talking about its perks and privileges that make a credit card application in the Philippines sound exciting. Fortunately, the Citi Cash Back Card has them in spades.

Aside from cash rebates, the Citi Cash Back Card lets you access exclusive perks and discounts from partner establishments in over 90 countries. From dining promos to hotel deals, having a Citibank credit card will always be handy.

To manage your credit card better, download the Citi Mobile App.^[1] From there, you can settle your balance, check your purchase history, pay your bills, and do other credit card-related activities. It’s always a nice perk if your credit card comes with a competent app.

Interested in applying for a Citi Cash Back Card? Here’s a quick review of its key features.

Read more: Citi Credit Card Application: An Easy 5-Step Guide

Citi Cash Back Card Alternatives

If the Citi Cash Back Card doesn’t sound exciting to you, that’s okay. You can always check other cashback credit cards out there.

BPI Amore Visa

If you prefer a cashback credit card with lower fees, check out BPI Amore Visa. With a lower monthly income requirement of ₱15,000 and an annual fee of ₱2,050, this BPI credit card is a more affordable option with cashback rates of up to 4%.

Maybank Platinum Visa

But if you don’t mind paying more, get a more premium cashback credit card like the Maybank Platinum Visa. This card earns you 1% cashback on all overseas purchases. It’s a perfect card for frequent travelers and overseas online shoppers.

HSBC Gold Cash Back

Groceries aren’t your main expense? If you prefer dining rebates, then apply for an HSBC Gold Cash Back. Get 5% cashback on dining spend and up to 6% on fuel purchases. It also comes with a 1% cashback rate on department stores and overseas purchases. Get to know the HSBC Gold Cash Back by reading our review and application guide.

Security Bank Complete Cashback Mastercard

If you want another essential-centric credit card, check out Security Bank Complete Cashback Mastercard. Aside from the 5% cashback on groceries, this Security Bank credit card also earns you a 4% rebate on fuel purchases and a 3% rebate on utility bills payment.

Final Thoughts

Cashback credit cards are always a great choice for money-savvy shoppers. Hopefully, this Citi Cash Back Card review helped in getting your foot in the door of maximizing your shopping experience. Keep your eyes peeled for the next Moneymax Reviews!

Read more Moneymax Reviews:

• Moneymax Reviews: Keeping it Simple with a Citi Simplicity Card
• Moneymax Reviews: How Rewarding Is a Citi Rewards Card?

Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

Check out other Citi credit cards that are worth considering:

CITI CREDIT CARDS	FEATURES and BENEFITS
CITI SIMPLICITY+ CARD	Monthly income requirement: ₱20,833 No annual fees forever! No late payment and overlimit fees Interest rate: 2% Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
CITI REWARDS CARD	Monthly income requirement: ₱20,833 3x points on shopping and dining transactions Non-expiring points! Use anytime, anywhere. Interest rate: 2% Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
CITI CASH BACK CARD	Monthly income requirement: ₱20,833 Up to 6% cash back on all purchases Save as much as P12,000 per year Interest rate: 2% Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
CITI PREMIERMILES CARD	Monthly income requirement: ₱30,000 Earn 1 PremierMile for every ₱30 spend Free travel insurance coverage Interest rate: 2% Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
CITI PRESTIGE CARD	Monthly income requirement: ₱83,333 Earn 5x rewards points on shopping and dining Unlimited access to VIP airport lounges Interest rate: 2% Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
SHELL CITI CARD	Monthly income requirement: ₱20,833 5% rebate on Shell fuel purchases 5% rebate on car repairs and accessories Save as much as ₱10,000 per year Interest rate: 2% Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
MERCURY DRUG CITI CARD	Monthly income requirement: ₱20,833 5x rewards point on Mercury Drug purchases 3x rewards points on health, beauty, and wellness spend 24/7 ambulance service worth ₱10,000 Interest rate: 2% Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

Source: ^[1] Citi Mobile App