citi cash back card review | Moneymax

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 generous 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.

Citi Cash Back Card Features

citi cash back card review - citi cash back card

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

How Much Rebate Will I Receive Monthly?

citi cash back card review - grocery shopping

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 PHP 5,000 a month on groceries, PHP 2,500 on Meralco bills, and PHP 10,000 on other non-essential purchases, you’ll receive PHP 4,440 worth of rebates by the end of the statement year.

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

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

citi cash back card review - dining together

Because we’re talking about a credit card, we can’t miss talking about its perks and privileges. 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 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.

citi cash back card review - features

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Citi Cash Back Card Alternatives

citi cash back card review - alternatives

If the Citi Cash Back Card doesn’t sound exciting to you, that’s okay. You can always check out 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 PHP 15,000 and an annual fee of PHP 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 for 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 4% rebate on fuel purchases and 3% rebate on utility bills payment.

Here are the other Citi credit cards that are worth considering:

CITI CREDIT CARDS

FEATURES and BENEFITS

CITI SIMPLICITY+

Citi Simplicity+

Apply Now

  • Monthly income requirement: PHP 20,833
  • No annual fees forever!
  • No late payment and overlimit fees
  • Interest rate: 2%

CITI REWARDS CARD

Citi Rewards Card

Citi Rewards Card

  • Monthly income requirement: PHP 20,833
  • 3x points on shopping and dining transactions
  • Non-expiring points! Use anytime, anywhere.
  • Interest rate: 2%

CITI CASH BACK CARD

Citi Cash Back Card

Apply Now

  • Monthly income requirement: PHP 20,833
  • Up to 6% cash back on all purchases
  • Save as much as P12,000 per year
  • Interest rate: 2%

CITI PREMIERMILES

Citi Premier Miles

Apply Now

  • Monthly income requirement: PHP 30,000
  • Earn 1 PremierMile for every PHP 30 spend
  • Free travel insurance coverage
  • Interest rate: 2%

CITI PRESTIGE CARD

Citi Prestige Card

Apply Now

  • Monthly income requirement: PHP 83,333
  • Earn 5x rewards points on shopping and dining
  • Unlimited access to VIP airport lounges
  • Interest rate: 2%

SHELL CITI CARD

Shell Citi Card

Apply Now

  • Monthly income requirement: PHP 20,833
  • 5% rebate on Shell fuel purchases
  • 5% rebate on car repairs and accessories
  • Save as much as PHP 10,000 per year
  • Interest rate: 2%

MERCURY DRUG CITI CARD

Mercury Drug Citi Card

Apply Now

  • Monthly income requirement: PHP 20,833
  • 5x rewards point on Mercury Drug purchases
  • 3x rewards points on health, beauty, and wellness spend
  • 24/7 ambulance service worth PHP 10,000
  • Interest rate: 2%

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!

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Source: [1] Citi Mobile App