Miles vs Cashback

Citi Cash Back+ Card

A simple flat-rate cashback card with no minimum spend and no cap on what you earn.

Issuer
Citibank
Network
Mastercard
Rewards
Cashback
Annual fee
Annual fee, often waivable
Beginner-friendly
General spendOnline shoppingOverseas spend

Pros

  • +Flat 1.6% cashback on every purchase with no minimum spend and no cap
  • +Cashback is earned on foreign-currency spend as well as local spend, with no spend categories to track
  • +First-year annual fee waived, and the standard S$196.20 fee can typically be waived on request thereafter

Cons

  • 1.6% flat rate is lower than category cards that pay 5-8% on dining, groceries or transport, so heavy category spenders earn less
  • Standard S$196.20 annual fee applies from year two unless waived
  • On overseas spend the ~3.25% Mastercard FX/admin fee exceeds the 1.6% rebate, so net return is effectively negative
  • The headline sign-up rate (e.g. 8% welcome cashback) is a capped promo for the first months only, not the ongoing 1.6% rate
Annual feeS$196.20as of 16 Jun 2026
Cashback1.6% flat cashback on all spend, uncapped, no minimum spendas of 16 Jun 2026
Min. income (S'porean/PR)S$30,000/yras of 16 Jun 2026
Min. income (foreigner)S$42,000/yras of 16 Jun 2026

Eligibility: Minimum annual income of S$30,000 for Singaporeans/PRs and S$42,000 for foreigners; applicants must be at least 21 years old.

Who it’s for

The Citi Cash Back+ Card is a cashback card from Citibank, best suited to people who spend on general spend, online shopping and overseas spend. It's beginner-friendly. It carries an annual fee that can often be waived. Confirm the current terms before applying.

View official detailsAlways confirm the latest fees, rates and terms on the issuer’s site.

Sources

Last reviewed 16 Jun 2026.

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