New-to-bank customers: Get S$300 cash when you sign up for a Citi card

From now 29 February 2020, new-to-bank customers who sign up for a Citibank credit card through SingSaver will receive S$300 cash upon approval. Existing customers will get S$30 cash. 

The following cards are eligible for this promotion. 

	Income Requirement	Annual Fee
Citi Cash Back Card Apply here	S$30,000	S$192.60 (first year free)
Citi PremierMiles Visa Apply here for first year free Apply here for 37.3K miles offer	S$30,000	S$192.60 (first year free, or pay annual fee to be eligible for 37,300 miles sign up bonus)
Citi Rewards Visa Apply here	S$30,000	S$192.60 (first year free)
Citi Prestige Apply here	S$120,000	S$535

By way of reference, SingSaver’s new-to-bank gift for Citi cards is usually S$200, although we see S$250 offered periodically as well. S$300 is relatively more rare, and we only saw it a handful of times in 2019. 

What card should I get?

If you’ve been eyeing the Citi Prestige for a while, then getting S$300 off the S$535 annual fee is a very good deal. You’ll get 25,000 miles (effectively paying 0.94 cents per mile), an unlimited visit Priority Pass with one guest, the fourth night free on any hotel booking, plus other perks like airport limo transfers (unfortunately nerfed in April 2019) and 1 for 1 dining offers. 

Otherwise, the S$300 can help you offset the Citi PremierMiles Visa’s S$192.60 annual fee, which you’ll need to pay if you want the 37,300 miles sign up offer. This requires spending S$9,000 in the first 3 months of approval, so check to see if you have any big ticket expenditures coming up (Citi PayAll can be used to hit the minimum spend requirement).

If you don’t want to pay any annual fee, then consider the Citi Rewards Card instead. This lets you earn 10X points (4 mpd) on all online transactions except travel, and is one of the few cards left that still rewards you for GrabPay topups. 

However, if you apply through SingSaver, you won’t be eligible for the sign up bonus the card is offering. 

Conclusion

Cash gifts take up to 3 months to be fulfilled, but are done so via PayNow (so there’s no need to travel to a physical collection centre). Be sure to watch your email for SingSaver’s rewards form, which you’ll need to fill to receive your gift. 

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