Citi Cash Back Credit Card Review

The Citi Cash Back Credit Card is a great pick for Singaporeans who regularly spend on essentials like fuel, groceries, and dining. With up to 8% cashback, it offers strong value—though the $800 minimum spend, cashback cap, and annual fee after the first year may be limiting for some.

If most of your monthly spend goes toward essentials like fuel, groceries, and meals out, the Citi Cash Back Credit Card could be a rewarding pick. Its high cashback rates—up to 8% on petrol and private transport, and 6% on dining and groceries—make it especially appealing for everyday use. Pair that with a $300 welcome bonus and perks like complimentary travel insurance, and it starts off strong.

That said, the card’s value hinges on hitting a $800 monthly spend and staying within the $80 cashback cap. For those who spend heavily across broader categories or prefer fuss-free rewards, these limits could feel a bit restrictive. It’s a solid option, but best suited for spenders with predictable, category-focused habits.

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Card type: Cashback

Annual fee: $196.20

Sign-up offer: 

For a limited time only, new users can sign up for a new card and enjoy an introductory bonus of $300 cashback when you apply and spend a minimum of $800 within the first 2 months of card approval.

(NOTE: You must sign up by 31 July 2025 and spend a minimum of $800 within the first two full calendar months of your card approval date. New users are defined as customers who do not currently hold any Citi credit cards as a main cardholder, have not held a Citi credit card as a main cardholder that was closed or terminated in the last 12 months, and have no pending applications for any Citi credit cards as a main cardholder.)

Rewards:

• 8% cashback, including spend on taxis and private-hire vehicles like Grab.

• 6% cashback at restaurants, cafes, and grocery stores.

• Complimentary travel insurance coverage of up to $1 million when you charge your full travel fares to the card.

Does my cashback expire?

• Your cashback does not expire, so you can accumulate it over time.

Foreign transaction fees: Like most cards, foreign transactions are subject to a fee of typically around 3.25%. This adds up for frequent overseas shoppers, so check the terms before using the card abroad.

Minimum income requirement: 

• $30,000 per annum for Singapore citizens or Permanent Residents.

• $42,000 per annum for foreigners.

Other benefits:

• Full travel fares charged to the card unlock complimentary insurance coverage of up to $1 million.

• Fuel discounts: Save up to 20.88% at Esso and Shell.

• Citi World Privileges: Access exclusive local and international offers in dining, shopping, and travel.

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Higher cashback categories

Users earn 8% cashback on petrol at Esso and Shell, plus Grab rides and taxi fares. For everyday essentials like groceries and dining out, users can earn 6% cashback.

Users enjoy these higher cashback rates as long as they spend a minimum of $800 per statement month.

Up to $1 million travel insurance coverage

One of the lesser-known but super handy perks of the Citi Cash Back Credit Card is the complimentary travel insurance. When you charge the full fare of your air ticket to the card, you’ll get automatic coverage of up to $1 million without needing to pay a separate premium or fill in extra forms.

Amazing deals with Citi World Privileges

With Citi World Privileges, your Citi Cash Back Credit Card opens the door to amazing exclusive deals across dining, shopping, and travel, both in Singapore and overseas. Whether you’re booking a weekend staycation, planning a dinner out, or shopping for a last-minute gift, there’s something for everyone.

Love a good food deal? You can enjoy 30% off live crab dishes at JUMBO Seafood or 10% off steamed buns and snacks at Din Tai Fung. For online shoppers, Delifrance eStore gives you 10% off when you spend at least $30, and Far East Flora runs seasonal promos that make festive gifting more wallet-friendly.

If you’re planning a trip, you’ll also enjoy 7% off hotel bookings on Agoda, plus more travel perks from participating partners.

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Annual fees

The Citi Cash Back Credit Card comes with an annual fee of $196.20, which is waived in the first year. After that, the fee kicks in unless you request a waiver—and while Citibank does allow waivers, there’s no guaranteed spend threshold that qualifies you automatically.

If you're spending just enough to hit the $800 monthly minimum, that adds up to $9,600 a year, which means your total cashback (capped at $80/month) will cover the fee, but it will still eat into a substantial margin of your cashback.  And for moderate spenders who may not always spend enough to unlock higher cashback rates, that annual fee might eat into your actual cashback gains.

The good news? Citibank often grants waivers if you maintain consistent usage or a good repayment record. Just make sure to submit your request via the Citi Mobile App or CitiPhone Banking. If not, weigh whether your spend justifies the cost, or if a no-fee cashback card might suit you better.

If you’re planning to use your Citi Cash Back Card overseas or for online shopping in foreign currencies, keep in mind that a 3.25% foreign transaction fee applies. This includes a 1% fee from Visa or Mastercard, plus an extra 2.25% charged by Citibank.

That fee might seem small, but it can quickly eat into your cashback since the card offers just 0.2% cashback on non-category spend. So unless you’re earning the bonus cashback rates on things like overseas dining or groceries (and still meeting the $800 minimum spend), you could be losing more than you’re gaining. If you shop internationally often, it might be worth pairing this card with another that has lower or zero foreign transaction fees.

The Citi Cash Back Credit Card offers generous rates—8% on petrol and transport, 6% on groceries and dining—but your total cashback is capped at $80 per statement month. That means no matter how much you spend in those categories, you won’t earn beyond that limit.

Let’s say you spend $400 on petrol and $500 on groceries in a month. That alone would earn you $64 in cashback. Add a couple of dining bills and Grab rides, and you’ll likely hit the cap pretty quickly. So if you're a big spender hoping to rack up unlimited rewards, this ceiling can feel restrictive. To really get the most out of this card, it's best suited for those with predictable monthly expenses around the $800 to $1,200 range—enough to unlock the bonus rates, but not so much that your rewards get capped too soon.

If you’re not a fan of the cashback cap, you may find a more suitable card for you in our roundup of the best cashback credit cards of 2025.

While our reviews are written with the intention of helping you to find the best options, we do not make personalised recommendations.

If your monthly spending goes toward essentials like fuel, groceries, and dining, the Citi Cash Back Card makes it easy to earn high cashback without juggling too many categories. Just hit the $800 monthly spend, and you’re set to enjoy solid rewards on everyday expenses.

While it doesn’t come with luxury perks, you’ll still get practical benefits like travel insurance and fuel discounts, great for households and regular commuters.

If you’re after something with fewer limits, check out our comparison of 2025’s best travel credit cards. You might just find what you’re looking for there.