The Citi Cashback Mastercard is designed to offer you impressive cashback benefits on your daily expenses. Let’s explore how this card can make a difference in your financial routine.
Key benefits of the Citi Cashback Mastercard:
✅ 8% cashback on private commute and petrol worldwide
✅ 6% cashback on dining and groceries worldwide
✅ Up to S$80 cashback monthly
✅ 0.2% cashback on all other purchases
✅ Coverage of up to S$1 million when you charge your travel tickets to the card
Why we recommend the Citi Cashback Mastercard
The Citi Cashback Mastercard is structured to reward consistent spending in specific categories, but it comes with clear limits. For example, to maximize the 8% and 6% cashback rates, you must spend at least S$800 per month on qualifying purchases. Given the monthly cashback cap of S$80, the card’s benefits are best suited for individuals who can precisely align their spending with the card’s reward structure.
For instance, if you regularly spend S$500 on fuel and S$300 on dining each month, your total cashback would reach the S$80 cap quickly (S$40 from fuel and S$40 from dining). However, if your spending does not reach the S$800 threshold, the cashback rate drops to just 0.2%, significantly reducing the card’s value.
The card also offers flexibility in terms of credit limit, which varies based on your income and creditworthiness. This can be an advantage for those who need a higher spending limit for larger purchases or recurring expenses.
Author’s Perspective
From an analytical standpoint, the Citi Cashback Mastercard works well for disciplined spenders who can optimize their expenses within the high-reward categories. The monthly cap on cashback should be a consideration; beyond the cap, the benefits diminish considerably. For cardholders with varied spending habits or lower monthly expenses, the capped rewards might not fully justify the card’s annual fee of S$196.20 after the first year.
The card’s broad coverage, including travel insurance and cashback on global purchases, adds layers of practicality, but its real value lies in how closely your spending aligns with the cashback structure.
Simulating your cashback potential
Let’s consider a typical scenario where you spend S$600 on transport and S$400 on dining monthly:
✅ Transport (8% cashback): S$600 x 8% = S$48 cashback
✅ Dining (6% cashback): S$400 x 6% = S$24 cashback
Total cashback = S$72, comfortably within the S$80 cap, maximizing your rewards.
However, if your combined monthly spending across these categories exceeds S$1,000, your cashback potential is limited by the S$80 cap, meaning any additional spending beyond this point yields no further cashback benefit.
Ready to experience this card?
If you’re interested in earning substantial rewards on your everyday purchases, learn how to apply for the Citi Cashback Mastercard today. Start turning your daily expenses into savings.