|Highlights||Credit Card Feature|
|Things We Like||Up to 10% Citi Rebate on your M1 bills|
|Our Least Favourite||Not very flexible and very targeted to M1 customers|
|Our Verdict||Not a must-have for M1 customers, but it offers some perks and cashback|
Citibank M1 Platinum Visa Card is exactly that, a credit card designed specifically with M1 users in mind. Unlike Citibank SMRT Platinum Visa Card that is co-branded by SMRT but gives you great cashback (rebates) on a lot more than SMRT purchases, this M1 card won't really benefit you if you are not an M1 customer. If you are an M1 customer and you are looking for ways to save money on your phone and internet expenses, you are probably wondering how Citibank M1 Platinum Visa Card can help you.
In this review, we at GET.com take a look at what this card can do for you as an M1 user.
|Credit Card||Features||Intro Interest p.a.||Standard Interest p.a.||Annual Fee||Minimum Income||We least like||Related links|
Citibank M1 Platinum Visa Card
|Transfer your outstanding balances on any other bank's credit card or credit line to Citibank at 0% nominal interest rate for 3/6/12 months with an upfront service fee from 1.58%. Eligible for new Citibank customers who apply for Citibank Ready Credit account with minimum $500 loan.||26% per annum||$192.60 waived first year||For Singaporeans and PRs, minimum annual income of $30,000, for foreigners, minimum annual income to of $42,000||Related Links Read our review of Citibank M1 Platinum Visa Card or view more details of Citibank M1 Platinum Visa Card. See more Citibank credit cards.|
Things We Like About Citibank M1 Platinum Visa Card
Cashback of up to 10% on your M1 bills when you charge them to this account. This cashback comes in the form of Citi Rebates, and you earn it when you spend money on recurring M1 mobile and broadband bills. After you link your card to your M1 account, your recurring bills will automatically be paid directly from your card.
0.3% Citi Rebate on all retail transactions. You earn additional Citi Rebates when you charge your purchases to this card.
Earn cashback on other spending. You can earn cashback as Citi Rebates when you spend money at over 500 locations. Earn up to 10% cashback at some merchants, though 3%-4% is more average. It is important to note that you earn these Citi Rebates with most Citi cards, so it isn't a special benefit for this card only. There is a $200 Citi Rebate cap on cashback earned at participating merchants overseas.
10% off device accessories at M1 Shops & 1% off on spend in M1 stores when you shop at M1 stores. If you buy a lot of expensive phones then this can add up to a few dollars.
Offset your M1 bill with your Citi Rebate earned. You can use your Citi Rebates to offset your M1 bill. This is the real benefit that this card offers, as you can use rebates that you earn at restaurants, shops and all kinds of other everyday spending to pay part of your phone bill.
Occasional deals are one of the selling points of Citibank M1 Platinum Visa Card. From time to time you can earn high rebates or get big discounts when you buy phones and mobile plans from M1. These promotions are probably one of the best reasons to get this card.
Citi privileges. The rest of the privileges you get with this card are pretty much the same as what you get with other Citi cards. Citibank gives you some really useful privileges including top discounts on dining, 5% cashback on online shipping charges, and up to 14% savings on fuel at Esso and Shell.
Travel insurance. This is another Citi benefit that you get with all Citi's personal credit cards. You get up to $1 million of travel accident coverage for you and $50,000 coverage for your accompanying dependant children. Even better, you get 40,000.00 of coverage for medical & accidental dental expenses incurred on a covered trip outside of Singapore. You have to pay for your trip in full with your Citi card to take advantage of this coverage.
Enjoy 0% interest on balance transfers for 3, 6 or 12 months. You can transfer debts from non-Citibank credit cards or credit lines to this card and benefit from a 3, 6 or 12 month introductory 0% interest period. That means you will pay 0% interest on your debts for 3, 6 or 12 months (after that the regular rate is 26% interest per annum). You will pay a service fee upfront starting at 1.58%. Note that the debts you transfer to this account cannot be higher than your Citibank credit limit.
Our Least Favourite Things About Citibank M1 Platinum Visa Card
None, if you are an M1 customer. This card will save you some money if you use M1, as you earn cashback on your regular bills and you save with deals on M1 merchandise. However, there are cards out there that reward you better, even for M1 spending.
How Other Cards Compare With Citibank M1 Platinum Visa Card
|Intro APR:||Transfer your outstanding balances on any other bank's credit card or credit line to Citibank at 0% nominal interest rate for 3/6/12 months with an upfront service fee from 1.58%. Eligible for new Citibank customers who apply for Citibank Ready Credit account with minimum $500 loan.|
|Regular APR:||26% per annum|
|Annual Fee:||$192.60 waived first year|
|Regular APR:||25% p.a.|
|Annual Fee:||S$192.60 waived first year|
|Intro APR:||Transfer your outstanding balances on any other bank's credit card or credit line to OCBC at 0% nominal interest rate for 3/6/12 months with upfront processing fee starting at 1.80%|
|Regular APR:||26.88% per annum|
|Annual Fee:||$192.60 a year (First 2 years free)|
Citibank M1 Platinum Visa Card gives you decent cashback on M1 spending and rewards you well for overseas purchases. But there are more rewarding cash back credit cards for M1 customers.
Citibank M1 Platinum Visa Card is not a must-have for M1 customers, but it does offer some nice perks and decent cashback. What I like most about this card is that you get some really nice cashback deals with occasional M1 promotions. If you are an M1 subscriber, then the cashback of up to 2.5% that you can earn when you pay your recurring M1 mobile and broadband bills with this card will help you save some money. The rest of the benefits that you get with Citibank M1 Platinum Visa Card are basically the same as what you get with most other Citibank cards.
Click here to go to the official Citibank website to apply online for the Citi M1 Platinum Visa Card now