The Ultimate Citibank Cashback Credit Cards Guide – Which do you apply?

• By CompareHero.my
• May 14, 2019

If you’re like most, then you would feel slightly intimidated by the number of credit cards that Citibank Malaysia offers. They have a total of 10 credit cards, of which 3 are cashback credit cards. Let’s break them down in this article to understand each one of them better – no intimidation necessary.

Contents

• The 3 Citibank Cashback Credit Cards
• Citi Simplicity+ Card
• Shell-Citi Credit Card
• Citi Cash Back (Platinum) Credit Card

The 3 Citibank Cashback Credit Cards

Citi Simplicity+, Citi Cash Back, and the Shell-Citi cards make up the cashback (or cash rebate, according to Citibank’s website) trio. Like the three musketeers of yore, each of the three cashback cards have their own personalities and features. It is important that you understand how each of the cards roll will help you a well-informed decision!

All three cards also share a common benefit of Citibank’s, that is access to Citi World Privileges – exclusive offers and privileges at your favourite shopping and travel merchants as well as beauty and wellness merchants.

Citi Simplicity+ Card

Features

• 10% Interest Back (rebate on finance charge)
• No late payment charge
• No over-limit fee
• No annual fee
• Citi World Privileges

Eligibility

• Minimum income: RM24,000 p.a.
• At least 21 years old (18 years old for supplementary cardholders)

Click to Apply

As its name strongly suggests, the Citi Simplicity+ credit card is a simple card. Essentially, you will get 10% interest back as rebates on your credit card charges, so as long as you pay your minimum monthly due in your credit card statement on-time. The rebates received will be reflected as credits in the following month’s credit card statement.

This essentially means you will be earning 10% back of the chargeable interest on your purchases made with the Citi Simplicity+ credit card every month. In addition to that, there is no cap on the rebates, meaning you’ll be able to save quite a bit on the interest.

It is a truly simple card, for as long as you make your minimum payment, you’ll be earning the 10% interest back the following month. It’s straightforward and has no difficult conditions and mechanics to understand.

The card is ideal for those who may only be able to afford the minimum payment on occasions (something that should not happen often) and still want to maximize their money.

The credit card does not charge a late payment charge, an over-limit fee (for those rare moments where you spend above your credit limit), nor an annual fee.

Shell-Citi Credit Card

Features

• Up to 8% rebate on Shell petrol
• Complimentary 3-year annual fee*
• Citi World Privileges
• Gold Healthcare at participating hospitals, up to 20% discount

Eligibility

• Minimum income of RM24,000 p.a.
• At least 21 years old (18 years old for supplementary cardholders)

Click to Apply

Do you drive a lot? (Or you always gets caught in traffic jams?) If you are one such person, this card will be right up your driveway. The Shell-Citi card is a credit card that is partnered with Shell petrol stations. It offers up to 8% of rebates on Shell petrol every day.

The cashback rebates are given on a tier-by-tier basis where there are 3 tiers in total. To be eligible for the rebates, a combination of Shell petrol spending and other spending is required. The rebates tier are as follows:

To be eligible for the Tier 1 (4.0% rebate), you would have to spend a minimum of RM300 in tota (inclusive of petrol and/or other spending). You will have to take note that there is a maximum monthly spending on Shell petrol that is eligible for cashback. This means that if your spending is within Tier 1, but your petrol spending is RM300, the cashback of 4% will be calculated on RM250 instead.

The idea of this Shell-Citi co-branded card is for the person who spends exclusively on Shell petrol for their transportation as well as other shopping expenses on one single credit card.

*Activate card within 60 days from approval date to enable 3-year annual fee waiver.

Citi Cash Back (Platinum) Credit Card

Features

• Up to 10% cashback on dining, groceries, petrol, and Grab rides.
• Unlimited 0.2% cashback on other retail spend
• Citi World Privileges
• Citi Healthcare at participating hospitals, up to 20% discount.

Eligibility

• Minimum income of RM36,000 p.a.
  • Platinum: Minimum income of RM60,000 p.a.
• At least 21 years of age (18 years of age for supplementary cardholders)

Click to Apply

Citibank’s go-to cashback credit card, aptly named the…. Citi Cash Back Credit Card – very original, we know. If you are looking for a cash back credit card to use on a daily basis for your dining, groceries, petrol, and  Grab rides, this card might be the one for you. This card is also available as a Cash Back Platinum card.

How this cash back card works is very simple. The more you spend, then the more cash back you’ll get – up to 10%. As long as you meet the minimum monthly spend, you’ll be able to reap the rewards.

Keep in mind that the cashback works in different tiers. Meaning that the more you spend, the higher your cashback rate on dining, groceries, petrol, and Grab rides.

• Cash Back Card (total monthly cap of RM40)
  • RM0 – RM499 earns you 0.2% cashback
  • RM500 and above earns you 10% cashback
• Cash Back Platinum (total monthly cap of RM60)
  • RM0 – RM1,499 earns you 0.2% cashback
  • RM1,500 and above earns you 10% cashback

Both cashback cards offer a flat rate of 0.2% cashback on other retail spending with no cashback cap.

 

A cashback card can be an invaluable tool in your arsenal of financial products. Especially so if you find yourself constantly forgetting to redeem rewards points or you don’t travel much.

Click on the button below or the ones above in the cards to apply.

Click here to Apply now!

The Best Citibank Credit Cards

• By CompareHero.my

Wondering which Citibank credit card to apply for? Citibank has quite a number of credit cards for various categories, such as cashback, rewards points, and air miles. We’ve put together the best Citibank credit cards from each of the categories here to help you make a decision! Read on to find out.

Contents

• Citi Cash Back Credit Card
  • Features:
  • Eligibility
• Citibank Rewards Credit Card
  • Features:
  • Eligibility
• Citi PremierMiles Credit Card
  • Features:
  • Eligibility:
• Key Features of Citibank Credit Cards
  • Citibank Easy Pay
  • Zero Annual Fees for 1st Year*
  • Citi Rewards Program
  • Credit Card Cash Advance

Citi Cash Back
Credit Card

Features:

• Up to 10% cashback on Petrol, Groceries, Dining, & Grab – capped at RM15 per category per month
• 0.2% on other retail purchases – no cap

This is the perfect cash back card for the bargain hunters on their everyday expenses, as the cashback (a.k.a. ‘cash back’ ) earned is calculated automatically in your account, with no fuss whatsoever. No matter if you’re a working professional, a stay-at-home mom, or a business owner, this card helps you save more the more you spend.

Eligibility

• Minimum age of 21 years (18 years for supplementary)
• Minimum income:
  • Cash Back: RM36,000 p.a.
  • Cash Back Platinum: RM60,000  p.a.

Annual Fee: RM120 or Cash Back, RM195 for Cash Back Platinum

Citibank Rewards Credit Card

Features:

• Earn up to 5X Citi Rewards Points:
• Reduce your credit card balance with Citi Rewards Points
• Access to Plaza Premium Lounge in KLIA
• Personal Accident Coverage when travelling
• Purchase Protection

If you’re a reward hunter, Citibank’s Rewards credit card is a great choice. You can get 5X reward points when shopping at participating major departmental stores and supermarkets or hypermarkets – enjoy the 5X rewards when you spend overseas too. Shopping at other types of shops or shopping categories will net you 1X reward points.

The points that you have accumulated can be used to pay off your purchases in selected categories too. Meaning you’ll offset an amount of your credit balance. This is only applicable to be done via Citibank  Online.

• Earn Citi Rewards Points:
  • 5X Citi Rewards Points for every RM1 spent at participating departmental stores and supermarkets/hypermarkets
  • 1X Citi Rewards Points for every RM1 spent locally for other categories
  • 5X Citi Rewards Points for every RM1 spent overseas

Eligibility

• Minimum age of 21 years (18 years for supplementary)
• Minimum Income Requirement:
  • Visa Signature: RM60,000 p.a.
  • World MasterCard: RM90,000 p.a.

Annual Fee: RM600

Citi PremierMiles
Credit Card

Features:

• Earn PremierMiles faster
• Plaza Premium Lounge access
• Complimentary ride home from KLIA when you shop overseas
• Citi World Privileges locally and overseas

The Citibank PremierMiles credit card, you shouldn’t. Citi PremierMiles credit card holders earn PremierMiles (Citibank’s name for air miles) at double the overseas and selected travel spend, and the miles don’t expire either. When you return from your travels, you can get a complimentary ride home too.

• Earn PremierMiles faster:
  • 1 PremierMile for every RM3 local spend
  • 2 PremierMiles for every RM3 overseas spend and participating online travel merchant spend
  • 10,000 PremierMiles reward every year on card anniversary upon annual fee payment
• Plaza Premium Lounge access in KLIA, Penang Internationl Airport, Kuching International Airport, and Kota Kinabalu International Airport

Eligibility:

• Minimum  age of 21 years (18 years for supplementary)
• Minimum income requirement of RM100,000 p.a.

Annual fee: RM600

Apply now!

Key Features of Citibank Credit Cards

These are some features that are common across most Citibank credit cards. The features aim to enhance your credit card and spending experience.

Citibank Easy Pay

The Citibank Easy Pay Plan gives you the privilege to convert your purchases into 0% monthly installments for up to 36 months, making shopping a lot more fun and affordable. This option is available at participating merchants, just be sure to inform them that you would like to utilize your Citibank credit card’s Easy Pay privilege.Here are some of the things you need to know about Citibank’s Easy Pay Installment Plan:Minimum Purchase: RM500Tenure: 3 – 36 months (subject to Citibank & merchant)Availability: Over 1,000 merchants across MalaysiaApplication: Inform Citibank 0% Easy Pay merchant that you’re making an Easy Pay Installment and your purchase will be calculated across the chosen tenure for payment.

Zero Annual Fees for 1^st Year*

Enjoy zero annual fees on your first year when you swipe your card 3 times within 60 days of approval. *Applicable to certain cards only.

Citi Rewards Program

Earn points each time you spend and redeem a wide range of fantastic items!

Credit Card Cash Advance

Need urgent financing? Citibank offers you easy access to credit card cash advances from any ATMs from different banks worldwide, 24 hours a day. You must simply setup the cash advance PIN beforehand; either by making a call to Citibank or logging into your Citibank Online account.Cash advance charges: 5% of cash advance amount or minimum RM20, whichever higher Cash advance interest rate: 18% p.a. daily interest from total cash advance amount

14 Lazy Habits That Are Costing Malaysians Money

• By CompareHero.my
• May 10, 2019

You’ve experienced it: Halfway through the month, you decide to check your spending – and you’re surprised: “Where did I spend my money ah?” It’s very likely a lazy habit that’s costing you money. Be it you’re being a complete sloth in managing your budget or just not putting effort into your savings; it could be anything. You might find one of these 14 habits very familiar.

“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffet

Not paying yourself when salary comes in

The ideal way to spend your money is to pay yourself first. Always set aside a portion of your monthly earnings before you spend, not the other way around! To make sure this is consistent and efficient, you can automate your savings by setting up a monthly recurring transaction with your bank account to transfer a specific amount to another account (yours, hopefully).

This will ensure that you always pay yourself first. Don’t forget to check and compare the interest rates of savings accounts with other banks to ensure you are getting the highest return for your savings. Make sure the interest rate is higher than or matches the current inflation rate, at the very least.

Tip: Try to save at least 20% of your salary every month.

Being lazy to educate yourself on personal finance

At the very least, it is key to place a priority on setting your own budget and to know exactly what each transaction you make is. While that may seem like common sense, financial literacy is not common among the adults of up to 143 countries, including Malaysia, according to an S&P Global Financial Literacy survey. You can learn about personal finance by reading financial blogs (like ours or RinggitOhRinggit) or even books like Rich Dad, Poor Dad, by Robert Kiyosaki; Think and Grow Rich, by Napoleon Hill; and The Richest Man in Babylon, by George Samuel Clason.

It’s also wise to take note of financial news in the newspapers or on TV.

Not using the right credit cards

Credit cards can seem like a bad thing to have, but they’re useful. Use it right and you’ll be able to receive a lot of benefits. For example, you can receive cashback when you spend with a credit card or even earn redeemable reward points. However, remember that having a credit doesn’t mean that you have unlimited money to spend.

Tip: Remember, what you spend with your credit card will need to be paid back! It’s not free money.

Not tracking your expenses

Efficient financial planning will become even better if you track your expenses consistently. This can help you track unnecessary spending and to help plan which spending can be cut down.

You can use a money tracking app like MoneyLover. Take control of your expenses and start cutting out the impulsive expenses.

Not packing your own lunch to work

Eating your own packed lunch is a great way to save half of your expenses on food every month. Imagine paying as much as RM200 monthly compared to just RM100 per month if you bring your own lunch half the time! Not only that but preparing your own meals is also healthier; you can be healthy and save money at the same time.

Not having a fun jar

A fun jar is a smart way to allocate money for fun things! You can set aside some money each time by putting it into a fun jar (whether real or virtual) and then using that money to spend on the fun things in life. This can help curb overspending and it keeps your spending in check with only a fixed sum to spend. You can also setup fun jars for other spending too, such as snacks or clothing. These fun jars help to keep an eye on our expenses and our budget.

Leaving deadlines to the last minute

Missing payments or making late payments for your credit cards, loans, or taxes will cost you a lot of fines and penalties. Credit card interest, for example, can be as high as 18% on outstanding balances! This can be avoided by making payments on-time and settling your tax filing earlier before the deadlines to avoid these extra charges in the filing process.

Hoarding your unwanted items

Holding on to old and unused belongings will give you nothing, but if you sell them off, you can get cash! By selling these old unused items on online platforms like Carousel or Mudah.my, you can earn extra money and put your preloved items to good use. Try to let go of the sentimental value (well, keep one or two) and give your savings a boost.

Being lazy with your debt repayments

Being late with your debt repayments is not a matter to be taken lightly. Bear in mind that you will be charged a higher interest rate for the late repayments and a late fee, which is wasting your money. If you have issues with managing your debts, do visit your bank and discuss with them to reschedule your repayments according to your capability. Banks can be very helpful in rearranging your payment schedule to avoid the cost of non-performing loans. When all else fails (and we hope you don’t come to this point), you may also approach AKPK to get help with managing your debts

Not comparing prices

Who says that window shopping is a waste of time? While it may take slightly longer than usual, but comparing prices of items like clothing or groceries in different locations might help you save a lot. In fact, you don’t even have to leave your homes to check prices these days, you can use apps that show you prices in different stores for you such as, SmartShopper, Hargapedia, or PriceCartcher (by KPDNHEP).

Not maintaining your car

Car maintenance is something a lot of us take for granted. Delaying your car’s maintenance may cause you a lot of problems in the long run as things break down and wear out. It is important to ensure regular oil changes, air filter changes, sparkplug replacements, and other upkeep that will improve the efficiency of your vehicle. Adhere to your car’s servicing schedule and don’t skip a service! You don’t want your car to breakdown because of one small mistake.

Not paying attention to your credit score

An unhealthy credit score can cost you a lot if unchecked. A bad credit score is evidence of your negative financial habits and poor financial management. This can lead the creditors to perceive you as a high-risk applicant. It’s a good idea to check your credit score every now and then. You can do so with a consultation of your credit score from CTOS, a credit agency that helps Malaysians to attain better financial health (https://www.ctoscredit.com.my).

Not getting medically checked

Self-health, either physically or mentally, is the most essential than anything. Always keep yourself in tip-top shape. Pay attention to any symptoms and do frequent check-ups to ensure you are healthy on the inside and outside. Should the unfortunate happen, and you get stuck with a large medical bill, getting yourself covered with medical insurance should be a priority.

Not checking your credit card statement

Keeping track of your credit card statement is vital to check for any fraudulent activities conducted using your credit card. Another reason is to check for extra costs charged on you should you have forgotten to cancel any packages or free trials that you previously signed up for. Being extra attentive to your credit card statement will help you identify whether you’ve spent too much and to manage your budget planning for certain categories.
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What Are Fast Approval Loans? And How Do You Get One?

• By CompareHero.my
• May 6, 2019

Need to pay off your credit card debt? Need emergency funds?

These emergency scenarios are often unexpected and can really mess up your financial flow. If you don’t have a rainy-day fund set aside, then taking a loan would be a good bet. However, it is unlikely that you can wait for a long and tedious loan approval process.

That’s where fast approval loans come in. They’re personal loans that can be approved and disbursed to your bank account in as fast as an hour or up to 2-working days.

Keep these fast approval loans in mind!

Contents

• JCL Personal Loan
• RHB Easy-Pinjaman Ekspres
• Alliance CashFirst Personal Loan
  • Hong Leong Personal Loan
  • Citibank Personal Loan
  • CIMB Cash Plus
  • AmMoneyLine

JCL Personal Loan

JCL’s Personal Loan comes in handy when you need quick cash and a fast. The loan is suitable for those who want a smaller loan amount that’s less than RM50,000.

Features:

• Maximum financing amount: RM50,000
• Interest Rate: 12% – 18% p.a.
• Tenure: 12 – 60 months

Benefits:

• No early settlement penalty
• 0% interest for the first month repayment
• 48 hours approval and disbursement
• Flexible credit-check
• No hidden charges
• Low-income requirement of RM1,000 monthly gross salary

Personal loan usage:

• Credit card debts
• Hospital bills
• Educational fees
• Home repairing fees
• Part of wedding expenses
• Quick cash injection for business

RHB Easy-Pinjaman Ekspres

When you require access to funds urgently, you can get on the spot approval on loans with Easy- Pinjaman Ekspres!

Features:

• Maximum financing amount: RM150,000
• Interest Rate: 13.47% – 14.52% p.a.
• Tenure: 12 – 60 months

Benefits:

• Instant approval and loan disbursement
• Easy financing with no hidden fees and charges with RHB Easy
• Low-income requirement of RM1,500 monthly gross salary
• Flexible repayment terms of up to five years

Personal loan usage:

• House repairing expenses
• Hospital bills
• Wedding expenditure
• Educational expenses

Alliance CashFirst Personal Loan

With Alliance CashFirst Personal Loan, you will be able to get the financing aid you need immediately at affordable rates with flexible loan tenures.

Features:

• Maximum financing amount: RM200,000
• Interest Rate: From 8.88% p.a.
• Tenure: 12 – 84 months

Benefits:

• Low monthly instalment
• Flexible loan tenure up to 7 years
• No processing fee
• No early settlement fee
• 48 hours fast approval process
• No guarantor or collateral required
• Easy repayment via Alliance Online

Personal loan usage:

• Debt Consolidation
• Home improvements
• Vehicle purchasing
• Wedding expenses
• Starting a business

Hong Leong Personal Loan

This personal loan appeals to those who are looking for a higher loan amount with a speedy approval process.

Features:

• Maximum financing amount: RM250,000
• Interest Rate: From 6.00% p.a.
• Tenure: 12 – 60 months

Benefits:

• 5 minutes fast approval at am:pm Convenient Banking
• 48 hours Fast Approval process
• Interest Cashback, Super Low-Interest Rates and Pay-on-time rebates
• High loan amount: RM 50,000 to RM250,000
• Repayment term up to 5 years

Personal loan usage:

• Home improvements
• Vehicle purchasing
• Wedding expenses
• Starting a business

Citibank Personal Loan

Citibank Personal Loan allows you to skip the hassles of queuing or filling out lengthy application forms with Citibank’s In Principle Approval method.

Features:

• Maximum financing amount: RM150,000
• Interest Rate: From 5.88% – 9.88% p.a.
• Tenure: 12 – 60 months

Benefits:

• Personal loan of up to 10x your gross monthly income 
• Low flat interest rates of 5.88 % – 9.8% per annum
• Loan of up to RM150,000
• No processing fee
• No collateral and guarantor required
• Flexible loan repayment tenure options (24, 36, 48, and 60 months)

Personal loan usage:

• Home improvements
• Vehicle purchasing
• Wedding expenses
• Starting a business

CIMB Cash Plus

Lower interest rates and fast approval within 24 hours – CIMB Cash Plus personal loan is suitable for the dire times you need cash.

Features:

• Maximum financing amount: RM100,000
• Interest Rate: From 6.88% – 14.88% p.a.
• Tenure: 24 – 60 months

Benefits:

• 24 hours approval
• No processing fee
• No early termination fee
• 100% cash disbursement
• No collaterals and guarantor needed
• Flexible repayment tenure up to 5 years

Personal loan usage:

• New Business venture
• Home improvement and renovation
• Capital for personal investment
• Child education pursuit

AmMoneyLine

A fast approval loan with reasonable interest rates and rebates when you make prompt monthly repayments.

Features:

• Maximum financing amount: RM100,000
• Interest Rate: From 8.00% – 9.99% p.a.
• Tenure: 24 – 60 months

Benefits:

• 48-hour Fast Approval
• 5 % yearly rebate on interest and profit paid for prompt payment
• No guarantor or collateral required
• Flexible payment from 12 months to 60 months
• Financing amount from Rm2,000 to RM150,000
• No processing fee

Personal loan usage:

• New Business venture
• Home improvement and renovation
• Capital for personal investment
• Child education pursuit

If you are applying for any of these personal loans, do remember to prepare the right documents. These typically include:

For salaried applicants

• Proof of identity (MyKad)
• Latest one to three months’ payslip
• Latest three. Months’ bank statement
• Latest EA or BE form (with official tax receipt)
• Latest six months’ EPF statement

For self-employed or business owner applicants

• Proof of identity
• Business Registration Card
• Latest B form (with official tax receipt)
• Latest six months’ company bank statement

Cadangan Bisnes & Makanan Bazar Ramadhan Yang Menguntungkan

• By CompareHero.my

Anda ingin mencari duit tambahan pada bulan Ramadhan yang bakal tiba nanti? Pastinya, ramai yang mengambil peluang untuk menambahkan duit poket ketika di bulan Ramadhan dengan berniaga. Peluang sentiasa ada untuk mereka yang rajin dan bijak mencari kesempatan.

Perniagaan apakah yang anda boleh lakukan ketika di bulan Ramadhan? Jangan bimbang, kami telah menyediakan 15 idea cadangan yang boleh anda cuba di bulan Ramadhan nanti.

(more…)