Moneymax Reviews: Grab More Rewards with Citi Grab Credit Card
By: Ricky Publico
Published on: October 22, 2020 . Last updated: February 10, 2021 Category: Credit Card
Do you use any one of Grab’s booking services on a daily basis? Then you’ll love this week’s edition of Moneymax Reviews. We’re putting Grab’s official co-branded credit card under the microscope in this Citi Grab Credit Card review. Can this credit card live up to the expectations of Grab enthusiasts?
From exciting rewards to generous welcome gifts, Citi Grab Credit Card promises to be a reward-heavy credit card even non-Grab users will appreciate. Learn more about it in our in-depth review.
Table of Contents
- Citi Grab Credit Card Key Features
- Why Should I Grab the Citi Grab Credit Card?
- What Perks Can I Get with My Citi Grab Credit Card?
- Citi Grab Credit Card Alternatives
- Final Thoughts
Citi Grab Credit Card Key Features
- Annual fee: PHP 2,500
- Interest rate: 2.00%
- Minimum monthly income requirement: PHP 20,883
- Cash advance fee: PHP 200 per cash advance transaction
- Late payment fee: PHP 1,500 or the unpaid due, whichever is lower
- Overlimit fee: PHP 1,500 or the highest overlimit amount, whichever is lower
- Foreign transaction fee: 3.525% of the converted sum
- Card replacement fee: PHP 400
Why Should I Grab the Citi Grab Credit Card?
The Citi Grab Credit Card is the perfect credit card if Grab services are integral part of your daily life. Whether you’re booking rides, food take-outs, or groceries, this credit card will maximize your use of the Grab app. But first, let’s talk about the welcome gifts because there’s a lot.
50 GrabReward Points Upon Application
You don’t even need to get approved to receive some perks. All you need to do is complete the application process and you get 50 GrabRewards points within 15 business days. No need to go to any Citibank branch to apply. Just head to the Citi Grab Credit Card’s application page, enter your personal information, and submit the requirements completely online.
Grab Platinum Tier Upgrade for 6 Months
Once approved, your Grab account will be upgraded to Platinum Tier for the first six (6) months. That means you get to enjoy prioritized booking on all your Grab bookings and a dedicated hotline for Platinum users. Receive your upgrade within 15 business days as well.
PHP 5,000 GrabPay Credits for New Cardholders
Now that you have your Citi Grab Credit Card, it’s time to swipe responsibly. Rack up a total of PHP 10,000 spend within 60 days from card receipt and you’ll receive a whopping PHP 5,000 GrabPay credits. You have to hurry though because you only have until December 31, 2020 to avail this welcome gift. Don’t worry, you’ll still get PHP 2,500 from January 1, 2021 onwards.
PHP 2,000 Worth of Grab Vouchers for New Cardholders
By now, you should know how to use GrabPay. Because now that you have a Citi Grab Credit Card, you can use it to add funds to your GrabPay wallet. Just know that cashing in at least PHP 1,000 using your Grab credit card will score you Grab vouchers worth PHP 2,000. These vouchers will be split between GrabFood and GrabExpress and will be credited within 15 business days.
Earn Up to 10x Citi Points for Every Purchase
Every PHP 30 spend earns you one (1) Citi Point. Multiply your points by 10 when you use your Citi Grab Credit Card on Grab services with a cap of PHP 10,000 a month. You also get 3x Citi Points on dining and entertainment spend, as well as online subscriptions. Curious what your Citi Points can get you? Here’s how you can use your points to your advantage.
|Grab Ride Discounts||10 Citi Points = PHP 1||Minimum redemption of PHP 100 or 1,000 Citi Points|
|Cash Credits||10 Citi Points = PHP 1||Minimum redemption of PHP 1,000 or 10,000 Citi Points|
|GrabRewards Points||2 Citi Points = 1 GrabReward Point||Use it to redeem anything in the GrabRewards catalogue|
What Perks Can I Get with My Citi Grab Credit Card?
As if the Grab-related rewards aren’t enough, the Citi Grab Credit Card hits you with other helpful perks. Because it is a card powered by Citibank, you can also enjoy all the benefits available to all Citibank credit cards.
Citi World Privileges
Citibank credit cards allow you to avail exclusive promos and deals across Citibank’s partner establishments in over 90 countries worldwide. Enjoy up to 50% discount on dining, travel, and hotel accommodations here and abroad.
Citi Mobile App
To help you manage your credit card better, download the Citi Mobile App and take control using your smartphone. Check and settle your credit card balance, manage your credit card settings, avail installment plans, and make all your credit card-related transactions in just a few taps.
Citi Grab Credit Card Alternatives
If this Citi Grab Credit Card review taught you anything, it’s that co-branded credit cards exist and they’re actually pretty handy. While Foodpanda or other ride-sharing and food delivery apps don’t have a dedicated credit card yet, you might want to check out other co-branded cards out there.
Citibank has two other branded credit cards worth checking out: Shell Citi Card and Mercury Drug Citi Card. Shell Citi Card earns you up to 5% cash back on Shell fuel purchases, toll fees, and auto repairs, while Mercury Drug Citi Card earns you 5x Citi Points on health, beauty and wellness spend, 3x Citi Points on oreign currency spend, and one (1) Citi Point for every PHP 200 spend anywhere.
Step out of Citibank’s scope and you’ll find a whole lot of co-branded credit cards from Unionbank. Take the Unionbank Lazada Credit Card for instance, a card that earns you 6x Lazada Credits for every purchase from the Lazada app. Meanwhile, the UnionBank Cebu Pacific GetGo credit card earns you one (1) GetGo Point for every PHP 30, which can then be converted to air miles.
And just like that, another credit card is in the books. Is the Citi Grab Credit Card starting to look good to you? Consider their welcome promos and rewards program before signing up. We hope you enjoyed our Citi Grab Credit Card review. Any request for the next one? Tell us what you want to see next on our next Moneymax Reviews!
Read more Moneymax Reviews:
- Moneymax Reviews: Save on Essentials with a Citi Cash Back Card
- Moneymax Reviews: Keeping it Simple with a Citi Simplicity Card
- Moneymax Reviews: How Rewarding Is a Citi Rewards Card?
DISCLAIMER: Moneymax strives to keep its article information accurate and up to date. The information you read may be different from what you see when you visit a partner, provider, or financial institution’s website. All information we publish is presented without warranty and may change over time. If you find discrepancies or outdated information, please contact Moneymax directly.
Ricky is the zaniest Senior Content Writer at Moneymax, with over five years of writing experience in the digital marketing industry. He is a huge fan of pro wrestling, smartphones, and binge-watching. Follow Ricky on LinkedIn.