From 3-31 October 2022, new-to-bank customers who open a Citigold account through SingSaver will be eligible to receive a choice of an Apple iPad Air 5th Gen, an Apple Watch Series 8, or S$800 cash.
|Sign Up for Citigold|
In addition to this, they’ll also be able to earn additional cash rewards of up to S$6,976 from Citibank, including some easy ones like:
- S$100 for opening their account online
- S$400 for depositing S$250K in funds
- S$300 for holding a principal Citibank credit card
- S$100 for completing a goal setting session and fact find report with RM
New-to-bank customers who apply for a Citigold account through SingSaver by 31 October 2022 (with account opened within one month from application) will receive a choice of:
- Apple iPad Air 5th Gen. 10.9″ Wifi 64GB (worth S$879)
- Apple Watch Series 8 (worth S$799)
- S$800 cash
They will be required to deposit a minimum of S$250,000 in fresh funds in a Citi Wealth First Account by the following dates:
|Month of Account Opening||Deposit min. S$250K AUM in fresh funds|
|1-31 Oct 2022||By 31 Dec 2022|
|1-30 Nov 2022||By 31 Jan 2023|
The S$250,000 must be maintained until the point of reward fulfilment, which is up to four calendar months.
|⚠️ Who is considered new-to-bank?|
|“New-to-Bank” refers to a Citi Customer who fulfils the following criteria:|
For the avoidance of doubt, holding a Citibank credit card or personal loan will not disqualify you from “new-to-bank” status.
The T&Cs of this offer can be found here.
Here’s the steps to take note of.
- Apply through any of the links in this article
- You will be directed to a SingSaver landing page. Enter your email address and click “confirm”
- Complete your application and take a screenshot of the Application Reference Number (for Citibank, it’s 12 alphanumeric characters)
- Fill in the SingSaver rewards form that will be sent to your email within 14 days of bank account application. It’s vital you fill in the form- no form, no reward.
The gift will be fulfilled within four calendar months. If you have not received any correspondence by this time, contact [email protected] for assistance.
Citibank Gift: Up to S$6,976 welcome bonus
On top of the SingSaver offer, Citibank is running a promotion of its own for new Citigold customers, which is valid for accounts opened by 31 December 2022.
New Citigold customers can earn further cash rewards from Citibank by completing certain actions as shown below:
For a better understanding of how the investment and insurance bonuses are calculated, do refer to the T&Cs.
All customers must complete an Investment Risk Profile with their Relationship Manager. Beyond this, you can pick and choose which of the above tasks you wish to complete. For instance, a new-to-bank customer who:
- who applies online (applying via SingSaver would qualify)
- deposits S$250,000 in fresh funds, and
- holds any principal credit card
would already receive an extra S$800 in cash.
As a reminder, Citigold customers also earn a relationship bonus of 5-30% on any credit card points earned through the Citi Prestige Card. I’ve explained how that works in this post, but to summarise, here’s the impact on how many miles per dollar you earn.
|Local Spend||FCY Spend|
|Regular||1.3 mpd||2.0 mpd|
|0-5 years||1.36 mpd||2.06 mpd|
|6-10 years||1.38 mpd||2.08 mpd|
|>10 years||1.42 mpd||2.12 mpd|
Even a brand new Citigold customer would already be earning 1.36 mpd on all local currency spending with the Citi Prestige, one of the higher general spending earn rates on the market.
|Sign Up for Citigold|
New Citigold customers can enjoy S$800 cash or a choice of attractive sign-up gifts (+S$800 more cash from Citibank) when they open a new account and deposit S$250,000 for ~4 months.
Don’t forget to apply by 31 October 2022 (your account opening date can be up to one month after that) and fill out your rewards form as soon as possible.