Moneymax Reviews: Grab More Rewards with Citi Grab Credit Card

Published: October 22, 2020 | Updated: October 26, 2020 | Posted by: Ricky Publico | Credit Card


Citi Grab Credit Card Review: Earn Rewards for Every Booking

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.

Citi Grab Credit Card Key Features

citi grab credit card review - citi grab credit card

  • Annual fee: PHP 2,500
  • Interest rate:
    • Effective until November 2, 2020: 3.50%
    • Effective starting November 3, 2020: 2.00%
  • Minimum monthly income requirement: PHP 20,883
  • Cash advance fee:
    • Effective until November 2, 2020: PHP 500 or 3% of amount, whichever is higher
    • Effective starting November 3, 2020: PHP 200 per cash advance transaction
  • Late payment fee:
    • Effective until January 7, 2021: PHP 850 or the unpaid due, whichever is lower
    • Effective starting January 8, 2021: PHP 1,500 or the unpaid due, whichever is lower
  • Overlimit fee:
    • Effective until January 7, 2021: PHP 750 or the overlimit amount, whichever is lower
    • Effective starting January 8, 2021: 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

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

citi grab credit card review - gcash promo

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[1], enter your personal information, and submit the requirements completely online.

Grab Platinum Tier Upgrade for 6 Months

citi grab credit card review - grab tier upgrade

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.

BenefitConversionRemarks
Grab Ride Discounts10 Citi Points = PHP 1Minimum redemption of PHP 100 or 1,000 Citi Points
Cash Credits10 Citi Points = PHP 1Minimum redemption of PHP 1,000 or 10,000 Citi Points
GrabRewards Points2 Citi Points = 1 GrabReward PointUse it to redeem anything in the GrabRewards catalogue

Read more: Your Guide to Using GrabCar Philippines in the New Normal

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 PayLite Installment Plans

citi grab credit card review - citi installment plans

Need to pay for big-ticket items worth PHP 3,000 and up? Your Citi Grab Credit Card can make your payments easier via Citi PayLite[2]. Choose between 3, 6, 9, 12, 18, and 24 monthly installments and experience a more flexible method of paying any big spend. Use it to pay off utility bills, medical expenses, tuition fees, and other emergency expenses.

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

citi grab credit card review - citi 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.

Final Thoughts

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:

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