From 26 to 29 August 2019, new-to-bank Citi customers who get approved for a credit card through SingSaver will get S$250 cash (existing customers: S$30 cash) via PayNow, fulfilled the next day after approval.
Remember, you can only get this gift if you apply from 26 August, so hold your fire until 0001 hours on 26 August morning. The T&C of this promotion can be found here.
|A new-to-bank customer is one who does not currently hold a principal Citi credit card, and has not done so in the past 12 months|
The following cards are eligible for this promotion.
|Income Requirement||Annual Fee|
|Citi Cash Back Card||S$30,000||S$192.60 (first year free)|
|Citi PremierMiles Visa||S$30,000||S$192.60*|
|Citi Rewards Visa||S$30,000||S$192.60 (first year free)|
|Citi SMRT Platinum Visa||S$30,000||S$160.50 (first 2 years free)|
*First year fee is normally waived for Citi PremierMiles Visa, but you need to pay it to get the “spend $7,500, get 30,000 miles” sign up bonus
This marks a change in SingSaver’s Citibank sign up gift. Historically, existing/new customers have received S$30/S$200 of vouchers; going forward, it’s S$30/S$250 of cash.
|Old Gift||New Gift|
|New customers||S$200 Grab/ Taka/ NTUC vouchers||S$250 cash via PayNow|
|Existing customers||S$30 Grab/ Taka/ NTUC vouchers||S$30 cash via PayNow|
|Fulfilment Timeline||2 months||Next working day (if approved by 2359 on 29 Aug 2019)|
2 months (otherwise)
For faster fulfilment, get approved before 2359 on 29 August 2019
An important point to note: you’ll only get your S$250 cash fulfilled the next working day if you’re approved by 2359 on 29 August 2019. Otherwise, you’ll need to wait the usual 2 months for fulfilment (but you’ll still get S$250 cash). I imagine that SingSaver is disbursing cash in advance out of their working capital before Citi pays them, hence the need to put a limit on the promotion duration.
If you want your cash faster, it’s strongly recommended you apply via the SingPass MyInfo system. This helps speed up the approval process, as the bank gets direct access your key information.
If you’re a new-to-bank customer, then S$250 cash is a very lucrative sign up offer, especially if you’re eyeing a card like the Citi Prestige with its non-waivable S$535 annual fee.
Be sure to watch your email for SingSaver’s rewards form, which you’ll need to fill to receive your gift.