Up to 2% cash back every month when you switch to the Citibank Cash Back credit card.
Welcome to a whole new way of enjoying credit card privileges.
Cash Back - The Innovation
The Citibank Cash Back credit card was created solely for those seeking instant rewards and cash rebates. So, every purchase that you make will give you automatic cash back of up to 2% every month.
Receive Cash Every Month
With this unique credit card, you will earn a minimum of 0.2% cash rebate on all your monthly spend. What's more, if you decide not to pay all your outstanding balance for the month, we will give you an incentive of a higher cash rebate rate to help you lower you outstanding balances.
Below are the Cash Back tiers for your reference:
Previous Cash Back
New Cash Back Effective 1st August 2007
Carried Forward
Balance1
Cash Back
Rate
Carried Forward
Balance1
Cash Back
Rate
RM 100 or less
0.20%
RM 2,000 or less
RM 2,001 - RM 5,000
More than RM 5,000
0.40%
1.50%
2.00%
RM 101 - RM 4,000
0.50%
RM 4,001 - RM 8,000
1.00%
More than RM 8,000
2.00%
A simple example of the Cash Back payout structure as follows:
Customer A
Customer B
Customer C
Customer D
Your carried forward balance1
RM0
RM4,000
RM8,000
RM9,000
Spending2 for the current month3
RM5,000
RM5,000
RM5,000
RM5,000
Cash Back rate (determined by the carried forward balance1)
0.2%
0.5%
1%
2%
Cash Back rebate earned and reflected in the current statement4
RM10
RM25
RM50
RM100
1.
Your previous statement balance less all payments in your current statement.
2.
Spending means retail and cash advances (excluding fees and charges) less all credit entries (excluding payments).
3.
Month means a period of 1 month calculated from one statement date to the next statement date.
4.
Cash Back earned and reflected in the current statement will only be automatically credited into your account in the following month.
•
FREE Annual Fee up to 2 years
* Just use your card 6 times within 60 days to enjoy a 2-year annual fee waiver OR 3 times within 60 days to enjoy a 1-year annual fee waiver
Points to note: * Redemption would be done automatically on a monthly basis as a credit in your statement (subject to the following conditions being met).
* Cash Back shall be awarded when the accumulated cash back for the particular month reaches RM5. Cash Back shall however be carried forward to the next month if the minimum of RM5 is not met.
* The amount of cash back which may be awarded to the cardmember in the period of one (1) year calculated from the date of the first Statement and for every subsequent year shall in the aggregate be subject to the maximum limit of RM1,000 (this amount will be revised RM500 effective 1st August 07).
* Amounts incurred in respect of any Balance Transfer, Loan On Phone, Flexi Payment Plan & Petrol Spend will not be taken into consideration in the calculation of the amount of cash back to be awarded.
What You Need
Minimum income of RM 18,000 per annum
Copy of J/EA form
Copy of IC
Current (other than Citibank) credit cards
* Each SMS sent will be charged RM0.30. All other normal SMS rates apply as well.
