Great Deal: Easy $220 + Interest For Citi Plus Account, And $350 for Citi Cards!
Citibank’s latest offering, Citi Plus, is running a great deal for new-to-Citi customers. You can get as much as S$560 $570 cash for signing up for the Citi Interest Booster Account and a Citi credit card through my links below. This promo is higher than signing up directly with the bank.
Update: thanks to a reader who spotted a better promo elsewhere, I am matching that promo by increasing the sign-up reward. Thanks for choosing to support my site!
Already a Citi cardholder? You still qualify for the Citi Interest Booster Account promo, and you still get a bonus reward for having a Citi credit card. Application is also really fast when Citi already has your details.
Promo details
Citi Plus
Interest Booster Account
Until 31st October 2022
| Activity | New to Citi Customers (no Citi account nor credit card) | Existing Citi Cardholders (no Citi account) |
| Apply for Citi Plus Interest Booster Account and fund S$15,000 within 2 months of enrolment and maintain it till the end of 6th calendar month | – | – |
| Important: fill up Singsaver form in email! | S$150 cash | S$150 cash |
| Apply for Citi Credit Card and make a minimum qualifying spend of $500 within 30 days of card approval | S$350 cash (or choice of gadget) | N/A |
| Holds a valid primary/main card of an eligible Citi Credit Card within 2 calendar months from enrolment | S$60 | S$60 |
| Total Rewards | S$560 | $210 |
Get up to 2.8% p.a. interest on your savings. Fall-below fees are waived until 31 December 2023. See the review here.
Promo analysis
I didn’t give Citi Plus the best of reviews, but this is still a worthy promo to pick up. Getting S$210 of cash on S$15,000 of savings set aside for 6 months is a great deal and it’s roughly 2.8% p.a. by my calculation. You also get the base interest of 0.3% p.a. offered by the account, on top of whatever bonus categories you qualify for, making your ROI above 3% p.a. easily.
While not the same class of product, the returns you can get from this promo is quite similar to that of Singapore government’s t-bills, except you maintain full liquidity over funds you place in this account. Also, you have 2 months from enrolment to place your funds, effectively putting away your savings for around 4 months or so.
Finally, there is also no fall-below fee until 31st December 2023. You may also close your account after 6 months from opening to avoid any closure fees.
To be clear, this promo is also better than signing up from the bank directly:
The promo offered by Singsaver increases the first and third columns to S$150 and $350 (or iPad) respectively, and you still enjoy the other columns, although I suggest skipping the fourth column entirely. Spending $500 per month on better cashback cards can yield you much better rewards over a year than just $120.
Finally, each sign-up goes towards keeping this site, the Telegram, and the YouTube Channel going, so thanks for your support!
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