You go shopping one day and select the dresses you like, but while billing you realise that you do not have enough cash in your wallet to pay for it. You wonder what to do as you really want those dresses. In such a situation, if you have a credit card, you can use it to make the payment.
A credit card is a small plastic card issued by banks and financial institutions which allows you to buy goods and services on credit. There is a limit on the amount of money you can borrow through these cards and banks issue a credit card bill or statement at the end of every credit cycle, which mentions the amount you have borrowed. You have to repay the money within a period of time. If you do not pay the full amount and have an outstanding balance, then you will have to pay an interest on the unpaid sum. It is advisable that you do not cross your credit limit.
There are many banks in Singapore which provide credit cards. One of them is Citibank. It is one of the oldest and leading banks in the world. It was established in 1812 and has a significant presence in different parts of the world today. The bank provides a wide range of products and services to its consumers.
Citibank credit cards are very popular around the globe. The bank offers different types of credit cards which are designed to meet consumer needs. So, if you love to shop, you can choose to apply for a Citibank Rewards card. With this card, you get a chance to earn 10 reward points on every dollar that you spend through your Rewards Card for buying clothes, shoes or bags online or at departmental stores. You can redeem these points for anything you like such as air miles or dining and can avail discounts on products when you shop online. For example - If you purchase anything from Luxola, Shopback, Klareti, etc., using this credit card, you will get a 30% discount. Apart from this, the bank provides many promotional offers on the card. The current offer will earn you vouchers worth more than $1500 from reputed companies when you apply for this card.
To get the Citibank Reward Card, you need to be a Singapore citizen or permanent resident who is at least 21 years old and your yearly income should not be less than S$30,000. In case you are a foreigner, your must have a minimum annual income of S$42,000. Other than this you need to provide a copy of your passport, income proof and CPF statement.
Many people consider the application process a very painful one, but applying for a Citibank credit card is very easy and fast. You just have to visit the bank’s website, choose the card you want and click on the ‘Apply Now’ button. On clicking the button, a window containing the application form will pop up on the website. You can fill up all the required information and the bank’s representative will contact you and guide you through the process.
If you qualify for the credit card, have a good credit report and proper documents, your application will be accepted and the bank will issue you a card.
Even if you know what you want, it is advisable that before you apply for the Citibank Rewards Credit Card, you compare it online first with other cards that are offered by the bank. There are third-party websites which will help you compare the cards easily. Comparing will help you make the best choice and you will be able to avail a credit card which has the most benefits. It will help you figure out the interest and the extra fees that you need to pay. It will also ensure that you choose a credit card which fits your budget and help you plan your finances properly.
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