Citi Cash Back+ Credit Card Review

Seedly rating: 3.6 stars

With its flat rate unlimited cashback in all categories, the Citi Cash Back+ Credit Card is designed for simplicity, making it ideal for everyday spenders who prefer easy rewards without the complications.

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From groceries and Grab rides to dinner dates and online shopping, the Citi Cash Back+ Credit Card rewards you with a flat 1.6% cashback on all eligible retail spend—no categories to track, no minimum spend to hit, and no cap. It’s a great pick for anyone who wants fuss-free, consistent rewards on everyday expenses.

New to the card? You’ll also enjoy 8% cashback on your first S$4,000 spent within two months—up to S$320 back in your pocket. Add in perks like complimentary travel insurance when you charge your flight, and easy cashback redemptions via SMS or app, and this card is a solid all-rounder for everyday spenders who value simplicity over gimmicks.

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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 up to 8% cashback on their first S$4,000 spent in the first two months. This offer is capped at S$320 cashback. (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:

• Unlimited 1.6% cashback on all eligible retail purchases.

• Complimentary travel insurance coverage of up to S$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—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 S$1 million.

>>  MORE: The best premium credit cards of 2025.

Straightforward cashback

You’ll earn 1.6% cashback on nearly all retail spending, with no fuss over categories or tracking bonus caps. On top of that, Citi Plus customers enjoy an additional 0.4% cashback (up to S$8 per month) if they spend at least S$500.

Travel insurance

Cardholders get complimentary travel insurance of up to $1 million when full travel fares are paid with the card. While there’s no airport lounge access included, this basic protection is handy for occasional trips.

Easy redemptions

Cashback can be easily redeemed in fixed denominations via SMS or the Citibank app, with a redemption cap of $50 per transaction.

>>  MORE: The best credit cards for shopping.

The Citi Cash Back+ Credit Card comes with an annual fee of S$196.20, which is waived for the first year. After that, the fee applies unless you secure a waiver. Citibank doesn't publicly specify a spending threshold for automatic fee waivers, but you can request one through the Citi Mobile® App or by contacting CitiPhone Banking.

While the fee might seem modest, it can offset your cashback earnings if not managed properly. For instance, even if you spend S$12,262.50 annually, the 1.6% cashback would just cover the annual fee. Approval for fee waiver is discretionary and may depend on your spending patterns and overall relationship with the bank.

The good news is, many banks will be willing to waive the fee as long as you hit the monthly minimum spendings.

Either way, it's important to assess whether your spending habits will be enough to offset or waive the fee or if another card might offer better value.

Foreign transaction fees

When using the Citi Cash Back+ Card for overseas purchases or online transactions in foreign currencies, a foreign currency transaction fee of 3.25% applies. This fee comprises a 1% administrative fee charged by Visa or Mastercard International and an additional 2.25% fee levied by Citibank.

These fees can significantly diminish the value of your cashback when shopping abroad or on international websites. For frequent travelers or those who often make purchases in foreign currencies, it might be more beneficial to consider cards that offer lower foreign transaction fees or waive them entirely.

While the card offers a straightforward 1.6% cashback on all eligible retail purchases with no minimum spend and no cap on earnings, the redemption process has its limitations. Cashback can only be redeemed in denominations of S$10, S$20, or S$50, and each redemption is capped at S$50 per transaction. ​

This structure means that if you accumulate more than S$50 in cashback, you'll need to initiate multiple redemption transactions. Moreover, if your cashback balance is below S$10, you won't be able to redeem it until it reaches the minimum threshold. While this system encourages users to accumulate more cashback before redemption, it might be inconvenient for those who prefer immediate gratification or have lower monthly spending.​

If you’re put off by the cashback redemption rules, you may find a more suitable card 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 you value simplicity and make regular purchases without focusing on specific spending categories, this card is perfect. No need to keep track of bonus categories or minimum spends.

Plus, while it’s not packed with premium travel perks, the card does provide some travel insurance coverage. This makes it useful for occasional travellers who want a bit of extra protection without paying for a premium card.

If you found the travel benefits a little lacking, check out our comparison of 2025’s best travel credit cards and see if you find something more to your taste there.

Seedly rating: 3.0 stars

Citi Cash Back Card

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