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 + Card Summary below to view key details like pros & cons, miles/cashback details, annual fee, income requirement, and more.

Citi Cash Back+

1.6% cashback on almost everything

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🎁 Sign-up bonus

+ Card Summary

More information on the

Citi Cash Back+ Mastercard

Suitesmile rating:

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✍️ Short summary
This card gives you unlimited 1.6% cashback on almost everything.

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💸 Annual fee
$196.20
(First year waived)

💼 Income requirement
$30,000/year

🤑 Foreign currency fee
3.25%

❓How/When cashback is credited
Cashback amount is credited into the card at the end of the statement month. Cashback will only be credited in multiples of $10, when it amounts to at least $50. Any cashback amount earned but not yet credited will be brought forward to the following month.

📜 Terms & conditions

Terms and conditions

Here are the terms and conditions of this offer: