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Moneymax Reviews: How Rewarding is a Citi Rewards Card?

Ricky Publico

Ricky Publico

Last updated December 12, 2022

What’s the one thing first-time and long-time cardholders have in common? Their affinity for credit card rewards. One of the most popular rewards credit cards out there is the Citi Rewards credit card. You could be searching for other cards, but Citibank’s rewards-filled credit card has always been a good place to start.

Fortunately, we got you covered with this Moneymax Reviews edition, where we take an in-depth look at credit cards in the Philippines. And the first product to go under the microscope? You guessed it—the Citi Rewards credit card. Find out more in this Citi Rewards 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 Rewards Credit Card Features and Fees

Every credit card comes with a set of terms and conditions, and the Citi Rewards credit card is no different. It’s important to study them before applying for any credit card out there.

  • Annual fee:
    • ₱2,500 for principal cardholders (free for the first year)
    • ₱1,250 for supplementary cardholders (free for the first year)
  • Interest rate: 3%
  • 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 during the billing period, whichever is lower
  • Foreign transaction fee: 3.525% of the converted amount
  • Card replacement fee: ₱400

Related article: How to Get a Credit Card for the First Time

citi rewards card review - Apply now

What Rewards Can I Redeem with a Citi Rewards Card?

citi rewards card review - rewards to redeem

Citi Reward Card’s rewards program allows you to earn 1 rewards point for every ₱30 you spend, regardless of the category. That makes the Citi Rewards credit card one of the rewards credit cards in the Philippines with the fastest earn rate.

You can then triple your points if you use your Citi Rewards Credit Card at shopping boutiques, department stores, and restaurants. Plus, your points have no cap and no expiry date, so that’s always a plus.

Here’s a glimpse of the exciting rewards, such as cash credits and gadgets, you can redeem with a Citi Rewards credit card.

Citi RewardsPoints Required for Redemption
Cash creditStarts at 1,700 points = ₱100
Annual fee waiverStarts at 1,700 points = ₱100
Seawag Waterproof Sports Style Earbuds with mic59,200 points
Casio Digital WatchStarts at 75,400 points
Adidas Linear Backpack90,400
Under Armour Patterson Backpack91,500
Nike Academy Team Backpack95,800
Coach Small Wristlet138,200
Tuscany Leather Hammered Leather BagStarts at 168,600 points
Veho Drivecam KZ-2 Dashcam294,900 points

You can also use your rewards points to book flights and hotels here and abroad. Just head down to Citibank’s rewards redemption page[1] and check all the possible rewards you can redeem.

Plus, you can use your rewards points to redeem cash credits. For as low as 1,700 points, you can earn a ₱100 cash credit. You can then use this to pay for your credit balances or waive your annual fee for the year.

What Perks Can I Enjoy with Citi Rewards?

With the variety of rewards you can redeem with a Citi Rewards Card, you'd think that it’s the only upside. While the rewards are what bring the most interest, the benefits of owning a Citibank credit card shouldn’t be ignored.

🎁 Free Gift from Moneymax: ₱10,000 GCash eGift, AirPods 3, or Marshall Kilburn II Speaker

moneymax citibank credit card gcash airpods marshall promo

Eligible cards: All Citibank credit cards

Promo period: Until June 19, 2023

Apply for any Citi credit card through Moneymax and choose your welcome gift: ₱10,000 GCash eGift, a Marshall Kilburn II portable speaker (worth ₱15,990), or Apple AirPods 3 (worth ₱10,990). Terms and conditions apply.

This Moneymax Citibank AirPods/GCash/Marshall promo runs until June 19, 2023 only. So hurry and apply today!

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


Read more: Promo Extended: Get Free ₱8,000 GCash from Moneymax!

👍 No Annual Fee Forever Promo

citi rewards card review - no annual fee forever promo

What makes having this card more rewarding is that you can say goodbye to annual fees for life! How? Just apply for a Citi Rewards Credit Card until June 30, 2023, get approved, and meet the ₱20,000 spend requirement within 60 days from card approval.[2]

Once you reach the minimum spend (one-time or accumulated purchases), you'll receive a text confirmation of your No Annual Fee welcome gift.

👍 Exclusive Deals with Citi's Partners

This rewards credit card from Citibank also gives you access to exclusive deals with Citibank’s partner establishments in over 90 countries. You can also get up to 50% discounted deals at participating hotels, resorts, and airlines worldwide.

👍 Manage Your Card Conveniently with Citi Mobile App

Citibank also has a Citi Mobile App to manage everything related to your credit card. You can check your rewards points and air miles, redeem more rewards, manage your card settings, pay your credit balances, and other credit card-related transactions.

Interested in applying for a Citi Rewards Card? Here's a quick view of the card's features and fees.

Citi Rewards Card

Citi Rewards Credit Card Alternatives

However, if you think the Citi Rewards credit card isn't the right credit card for you, read on below for alternatives you can consider. Compare credit cards to ensure you get a card that suits your budget and needs.

💳 Citi Simplicity+ Card

Citi Simplicity+ Card-2

Skipping annual fees entirely is an understated perk that you should always capitalize. Otherwise, you’ll be paying the annual fee of ₱2,500 after the first year. If you don’t want to pay any annual fees forever, try applying for this Citi card. Get to know Citi Simplicity+ by reading our 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.

💳 HSBC Red Mastercard and Metrobank Titanium Mastercard

HSBC Red Mastercard

Make no mistake about it: the Citi Rewards credit card is made for shoppers and rewards points hunters. But if you find Citibank’s rewards program lacking or you want to earn points quicker, try other rewards credit cards.

For instance, both the HSBC Red Mastercard and the Metrobank Titanium Mastercard can earn you 1 rewards point per only ₱20 spend.

💳 Citi Cash Back Card

Citi Cash Back Card

You also won’t maximize the Citi Rewards Credit Card’s benefits if you shop only for essentials. If that’s the case, try applying for a cashback credit card that can earn you rebates for every swipe.

Try applying for a Citi Cash Back Card, a card that can earn you up to 6% rebate on groceries and up to 2% rebate on Meralco bills payments. You can also check our review about Citi Cash Back Card for more details.

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

💳 HSBC Platinum Visa Rebate

Prefer cashback over rewards? Then this shopping and travel rebate credit card from HSBC is better suited for you.

The HSBC Platinum Visa earns you a high rebate of 5% on travel and shopping (including online) transactions, plus 1% on insurance and 0.50% on all other transactions.

Read our HSBC Platinum Visa review.

HSBC CC Blog Visual CTA - HSBC Platinum Visa Rebate

Final Thoughts

That concludes our Citi Rewards Card review! If you’re looking to make shopping more rewarding, then this Citibank credit card will help you do just that and more. With its wide range of rewards and other value-added perks, you should at least add this credit card at the top of your card options. Stay tuned for our next Moneymax Reviews!

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

Never pay annual fees - Click here


Ricky is the zaniest Product Marketing Manager at Moneymax, with over six years of writing experience in the digital marketing industry. He had written for SEO, cybersecurity, and other related industries prior to joining Moneymax. He also specializes in content writing, copywriting, and email marketing. He is a huge fan of pro-wrestling, One Piece, and smartphones in general. Follow Ricky on LinkedIn.