Deal: Get 3.25% cashback on selected Foreign Currency spending with the Citi Cash Back+ card

Citibank is running a limited-time promo for foreign currency spending with the Citi Cash Back+ card.

Key points to note

Promotion Period: 1 Dec 2024 — 28 Feb 2025
Eligible Card: Citi Cash Back+ cardholders
Qualifying Currencies: HKD, IDR, JPY, MYR, PHP, KRW, TWD, THB and VND only
Registration: Enrol via Citi’s mobile app
Cashback for Foreign Currency Spending:
- Base cashback: 1.6%
- Bonus cashback: +1.65% on qualifying foreign currency spend (total 3.25%)
- Bonus cashback cap: S$49.50 per calendar month (S$3,000 spend)
Minimum Spend: S$2,000 per calendar month (SGD spending counts)
Crediting: Bonus cashback will be credited within three months following each calendar month
Foreign Currency Fee: 3.25%

Is this a good deal?

With this deal, cardholders who meet the minimum spending requirement can enjoy fee-free foreign-currency spending, as the cashback reward matches the hefty foreign currency fee that Citi is charging.

If your goal is to save on foreign currency spending, YouTrip or Wise cards give you similar (and straightforward) savings without the additional drama of min./max. spending requirements, currency eligibility and app enrollment. But if cash flow is a priority, this deal is a good alternative.

But if you qualify for a credit card, get even better rewards/savings with the best credit cards for Foreign Currency spending.

💡 Click on the + Card Summary buttons below to view the key details of each card.