Citi Cashback+ Card
Earn 1.6% cashback on general spend
Citi Cashback Plus Card Overview:
With no minimum or maximum spending requirements, the Citi Cashback Plus Card offers hassle-free unlimited cashback, making it ideal for heavy users who want to earn 1.6% cashback on all of their purchases year-round.
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$30,000 (locals/PRs); S$42,000 (foreigners)
- Annual Fee: S$196.20 (incl. 9% GST)
Key Benefits:
- Earn up to 1.6% cashback on all eligible spending with no minimum spend and no cap
- Redeem your cashback via SMS in denominations of S$10, S$20, S$50
How to Best Optimise it:
Best For Private Hospital Bill Payments
- Since there’s no maximum spending limit, you can easily make a one-time payment using this card. I mentioned this card in Best Cards for Hospital Bills post.
Best for One Cashback Card Strategy
- This card is great if you don’t like to hassle over qualifying merchants or minimum or maximum spending limitations.
What to Avoid:
Exclusion List:
MCC | Description |
6529 | Quasi Cash – Remote Stored Value Load – Financial Institute |
6530 | Quasi Cash – Remote Stored Value Load – Merchant |
6534 | Quasi Cash – Money Transfer – Member Financial Institution |
6540 | Non-Financial Institutions – Stored Value Card Purchase/Load |
7349 | Cleaning and Maintenance, Janitorial Services |
7511 | Quasi Cash – Truck Stop Transactions |
7523 | Parking Lots, Parking Meters and Garages |
7800 | Government-Owned Lotteries (US Region only) |
7995 | Betting, including Lottery Tickets, Casino Gaming Chips, OffTrack Betting, and Wagers at Race Tracks |
4829 | Wire Transfer Money Orders (WTMOs) |
4900 | Utilities – Electric, Gas, Water, and Sanitary |
5199 | Nondurable Goods(Not Elsewhere Classified) |
5960 | Direct Marketing – Insurance Services |
6012 | Financial Institutions – Merchandise, Services, and Debt Repayment |
6050 | Quasi Cash – Financial institutions, Merchandise, Services |
6051 | Non-Financial Institutions – Foreign Currency, Money Orders (Not Wire Transfer), Stored Value Card/Load, Travelers Cheques, and Debt Repayment |
6211 | Securities – Brokers and Dealers |
6300 | Insurance Sales, Underwriting and Premiums |
6513 | Real Estate Agents and Managers – Rentals |
8211 | Elementary and Secondary Schools |
8220 | Colleges, Junior Colleges, Universities, and Professional Schools |
8241 | Correspondence Schools |
8244 | Business and Secretarial Schools |
8249 | Vocational and Trade Schools |
8299 | Schools and Educational Services(Not Elsewhere Classified) |
8398 | Charitable and Social Service Organizations |
8062 | Hospitals |
8651 | Political Organizations |
8661 | Religious Organizations |
9211 | Court Costs Including Alimony and Child Support |
9222 | Fines |
9223 | Bail and Bond Payments |
9311 | Tax Payments |
9399 | Government Services(Not Elsewhere Classified) |
9402 | Postal Services – Government Only |
9405 | U.S. Federal Government Agencies or Departments |
9754 | Quasi Cash – Gambling – Horse Racing, Dog Racing, State Lotteries |
5993 | Cigar Stores and Stands |
Is it Worth it:
Advantages:
- No minimum spend and no cap
- Cashback earned does not expire
- No specific MCCs or Categories to spend on
- Can be used in private hospital bills
Disadvantages:
- Cashback can be redeemed only in denominations of S$10, S$20 or S$50, capped at S$50 per redemption (although, there is no limit to the number of times you can redeem) – See “Frequently Asked Questions” on how to redeem.
- Cashback does not automatically credit on statement account, needs to be redeemed
Frequently Asked Questions:
How to redeem cashback: There are two ways to redeem:
Citi Mobile App:
1. Open the Citi® Mobile® App and tap your rewards balance at the top of the screen to access the Rewards Dashboard.
2. Select “Cash Rebate.”
3. Enter the amount or use the slider to choose the Cash Rebate you wish to redeem.
4. After confirming the redemption, a statement credit will appear on your next account statement.
SMS
To redeem cash rebate, the Basic Cardmember must have at least S$10 in their Card account.
- Basic Cardmembers may redeem their cash rebates via SMS by sending “RWDS ” to 72484. The keyword that corresponds to each cash rebate amount is set out in the table below:
Amount | Cashback | Keyword |
S$10 | S$10 Cash Back | CSHBK10 |
S$50 | S$20 Cash Back | CSHBK20 |
S$100 | S$50 Cash Back | CSHBK50 |
For example, to redeem $10 cash rebate, SMS to 72484: RWDS <space> Last 4 Digits of Your Card number <space> CSHBK10
Comparison Table with other cashback cards with no min spend requirement and no cap:
Description | AMEX True Cashback | Mari Credit Card | UOB Absolute Cashback | SC Simply Cash | Citi Cashback+ |
Cashback Rate | 1.5% | 1.7% | 1.7% | 1.5% | 1.6% |
Spend Requirement | No | No | No | No | No |
Cashback Cap | No | No | No | No | No |
Earn cashback on commonly excluded MCC | Yes (including education fees, insurance, healthcare, utilities and telco)) | No | Yes (but after the update, 0.3% cashback only) | No | Yes (Other private healthcare facilities) *MCC 8062 (Hospital) excluded |
Minimum Annual Income | S$30,000 | S$30,000 | S$30,000 | S$30,000 | S$30,000 |
Earn cashback on bill payments | Yes | No | Yes | Yes | No |
Cashback Redemption | Receive cashback in the same month’s statement | The cashback credited will be automatically applied to offset the billed amount in your next statement cycle. | Receive cashback automatically in the next statement month | Receive cashback automatically in the next statement month | Redeem cashback via SMS or on the Citi Mobile® app — cashback earned doesn’t expire |
Final Thoughts:
This pretty straight forward card can be for no-frills spender as this doesn’t have a minimum spend requirement and no cashback cap. However, I personally would opt for DCS Ultimate Platinum Card as one of the highest no minimum spend general cashback cards in the market right now.
💳 Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
💡 We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.
