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Citi Cashback Platinum offers you a high rate of cashback on all retail transactions made on it. The card offers you cashback on daily expenses such as petrol and groceries and up to 10% cashback on dining expenses.
Major highlights of this card are as follows:
Best suited for:
|Cashback on petrol||10% cashback with a monthly cap of RM15.|
|Cashback on grocery||10% cashback with a monthly cap of RM15.|
|Cashback on dining||10% cashback with a monthly cap of RM15.|
|Cashback on GRAB rides||10% cashback with a monthly cap of RM15.|
|Cashback on all other retail purchases||0.2% cashback with no monthly cap.|
|Citibank World Privileges||Discounted deals and privileges at more than 24,000 retail outlets, golf resorts, hotels, restaurants, boutiques, and more.|
|Credit Limit||Up to RM450,000.|
|Interest-free period||20 days.|
|Healthcare||20% discount on Executive Screening Packages and 15% off on walk-in hospital rates at 20 participating hospitals.|
|Personal Concierge Service||24-hour personal concierge service around the globe.|
Use your Citibank credit card to carry out retail transactions. Once you reach the monthly spend requirement on your card, you can get cashback automatically transferred into your credit account.
Let’s look at the details of earning cashback on your card:
|Cashback Category||Details||Monthly Cap||Minimum Spend Requirement|
|Dining||10% cashback||RM15||In order to obtain cashback of 10% on dining, groceries, petrol, and GRAB rides, you need to charge your card with a minimum of RM1,500 per month.|
|GRAB rides||10% cashback||RM15|
|Other retail purchases||0.2% cashback||No cap|
Cashback earned on all expenses when the monthly spend does not exceed RM1,500 is 0.2%.
Citibank allows you to consolidate your current outstanding credit card debt into a single account with the help of balance transfer plan. Balance transfer feature lets you transfer outstanding balances accrued on other bank credit cards on to your Citibank credit card. You can transfer a minimum of RM1,000 with this feature. For more details, refer to the table below:
|Tenure||Interest Rate||Effective Interest Rate|
|6 months||5.81% p.a. flat||9.9% p.a.|
|9 months||5.56% p.a. flat||9.9% p.a.|
|12 months||5.44% p.a. flat||9.9% p.a.|
|18 months||5.35% p.a. flat||9.9% p.a.|
|24 months||5.32% p.a. flat||9.9% p.a.|
|30 months||5.32% p.a. flat||9.9% p.a.|
|36 months||5.33% p.a. flat||9.9% p.a.|
FlexiPayment Plan associated with your Citibank card lets you split the bill of your purchase into affordable monthly instalments over a flexible tenure range. You can opt for the plan with a bill of as low as RM500. Let’s look at the details of this plan:
|Available Tenures||Interest Rate||Effective Interest Rate|
|6 months||10.57% p.a. flat||17.9% p.a.|
|12 months||9.96% p.a. flat||17.9% p.a.|
|18 months||9.84% p.a. flat||17.9% p.a.|
|24 months||9.85% p.a. flat||17.9% p.a.|
|30 months||9.91% p.a. flat||17.9% p.a.|
|36 months||9.99% p.a. flat||17.9% p.a.|
You can access quick funds via Citibank’s Dial-For-Cash feature. The facility provides you with a low-interest loan within 3 days of application and lets you repay over a tenure of up to 48 months. The following table contains more details about the feature:
|Repayment tenure||Interest Rate (flat rate)||Effective Interest Rate|
|6 months||10.57% p.a.||17.9% p.a.|
|12 months||9.96% p.a.||17.9% p.a.|
|18 months||9.84% p.a.||17.9% p.a.|
|24 months||9.85% p.a.||17.9% p.a.|
|30 months||9.91% p.a.||17.9% p.a.|
|36 months||9.99% p.a.||17.9% p.a.|
|48 months||10.19% p.a.||17.9% p.a.|
|Age Requirement for Principal Card||21 Years|
|Age Requirement for Supplementary Card||18 Years|
|Income Requirement||RM60,000 p.a.|
|Applicant type||Required documents|
You can apply for the Citi Cash Back Platinum online at BBazaar.my easily by providing your personal and financial details.
|Type of Fees||Charges|
|Annual fee (principal card)||RM206.70.|
|Annual fee (supplementary card)||RM106.|
|Retail interest rate||15% p.a. to 18% p.a.|
|Cash advance interest rate||18% p.a.|
|Cash advance fee||5.3% of the cash withdrawn or an amount of RM21.20, whichever is higher.|
|Monthly repayment instalment||RM50 or 5% of the total outstanding balance, whichever is higher.|
|Late payment charges||1% of the amount due or RM10, whichever is higher (A maximum of RM100).|
|Overseas transaction fee||Overseas transactions carried out in other currencies will be converted into Malaysian Ringgit by Visa/Mastercard International plus 1% administration cost charged by Citibank.|
Q. What is the minimum spend requirement associated with this card’s cashback?
A. In order to get 10% cashback on the petrol, groceries, dining, and GRAB rides, you need to spend an amount of RM1,500 per month on your Citibank card.
Q. What if I don’t meet with the monthly spend requirement? Will I still be able to earn a cashback?
A. Yes, even if you don’t meet with the spend requirement on a monthly basis, you can still earn cashback on all retail transactions. But in such a case, the rate of cashback will be 0.2% for all categories including petrol, groceries, GRAB rides, and dining.
Q. How do I apply for Dial-For-Cash facility?
A. You can apply for the facility by logging into Citibank online, by reaching out to the bank via its customer service numbers, or just by providing your details on the bank’s website.
Q. What are the documents I need to provide in order to apply for Dial-For-Cash?
A. The facility doesn’t require you to submit any document.
Q. Can I increase the dedicated credit limit on my card?
A. Yes, you can opt to increase the credit limit on your card on a temporary or a permanent basis. You are required to submit proof of income along with the duly-filled application form for credit limit increase.
Q. What should I do if I lose my card?
A. In case of a lost or stolen card, you are required to inform the bank about the same immediately via its hotline numbers. By doing the same, the bank will block your card and thus prevent any fraudulent transaction on your card. After this, a new card will be issued in your name.
Q. How much does a new card charge?
A. The bank will charge you with a fee of RM50 per card replacement.
If you are looking to enhance your savings related to everyday fuel purchases, grocery shopping, and dining, Citi Cashback Platinum can be the suitable card for your requirements. It’s always recommended that you compare cards offered by various banks in order to choose the best card that suits your spending patterns.