5x Points on contactless transactions
Citi Rewards Card offers 5X rewards points on wallet transactions. The annual income requirement for Mastercard is just HK$120,000. It is a lower-tier credit card that comes with good rewards.
Minimum Income Requirements
$15 = 1 Mile
Miles Conversion (overseas spend)
$3 = 1 Mile
Miles Conversion (local spend)
MoneySmart Exclusive
【MoneySmart Exclusive!】From now until 31 July, upon successful application of designated Citi Credit Cards via MoneySmart and eligible spending of HK$8,000 after card issuance, new customers can enjoy $1,600 cash rebate!
Valid until 31 Jul 2024 - See more details below

Are you eligible?

    • Customers (“Eligible Cardholders”) must submit the application form through MoneySmart during the Promotional Period and successfully apply for a principal card of Citi Prestige Card, Citi PremierMiles Card, Citi Cash Back Card, Citi Rewards Mastercard, Citi Rewards UnionPay Credit Card , Citi Octopus Platinum Card, Citi HKTVmall Card or Citi The Club Credit Card (“Eligible Card”) issued by Citibank (Hong Kong) Limited (“Citibank”) and have their Eligible Card successfully approved by July 31, 2024. 
    • Unless otherwise specified, the Welcome Offers are not applicable to customers who currently hold, have cancelled or have held any principal card of Citi Credit Card within the past 12 months from the month of application for the Eligible Card (“New Customer”). 
    • Students are not eligible for this credit card promotion. All student applicants are only eligible to enjoy the designated Citi Student Credit Card welcome offer. 

What you need to know

  1. Each Eligible Cardholder is entitled to one welcome offer only (Except for applicants of Citi Prestige Card). 
  2. Eligible Cardholders are entitled to the following welcome offer upon successful physical card activation within a month since from the date of card issuance and fulfilling the below relevant reward condition (“Welcome Offer”): 

    Welcome Offers  |  Reward Conditions/Spending Conditions
     HK$1,600 Cash Rebate  |  Accumulate spending of HK$8,000 or above within first 3 months# from the date of card issuance which include at least 1 eligible transaction each month 

    # For example, when the Eligible Card issue date of a New Customer is on June 16, 2024, then the first month is from June 16 to July 15, 2024; the second month is from July 16 to August 15, 2024; the third month is from August 16 to September 15, 2024. 

  3. Cash Rebate: will be credited to Eligible Cardholders’ card account within 5 calendar months upon the month of meeting the reward conditions/spending conditions. 

Quick Facts

Get the maximum value by

Enjoy 5X Points for all wallet transactions (Apple Pay, Google Pay and Samsung Pay)

Good for

who is used to contactless transactions

Categories to maximise this card

welcome offers, E-wallet

All Details

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Citi Rewards Card Detail

Citi Rewards Card Min. Annual SalaryCash back on local spend (by contactless transactions)
Citi Rewards Card HK$120,0002%

Citi Rewards Card Pros and Cons

Citi Rewards Card Pros

  1. Points will never expire
  2. Cardholders can redeem points earned for a wide range of rewards ranging from designated cash coupons, and movie tickets to air miles at Citi ThankYou℠ Rewards online.
  3. Cardholders can also instantly offset spending with Citi Pay with Points (250 Points = Instantly offset HK$1 spending)
  4. 5X Points on contactless transactions without restrictions on spending categories

Citi Rewards Card Cons

  1. Annual fee of HK$1,800 will be charged except for the first year
  2. 5X points only applicable to eligible contactless transactions
  3. HK$50 will be charged for redeeming every 75,000 points

Citi Rewards Cashback Rate

Transaction Method Cashback Rate
Wallet transactions (Apple Pay, Google Pay and Samsung Pay)5X Points
Local transactions 0.4%
Foreign transactions 0.4%

Citi Rewards Card Reviews: Citi Rewards Card VS Other Cashback Credit Cards

Credit CardsLocal Spend Overseas Spend
Citi Rewards Card2%
Standard Chartered Simply Cash Card1.5%2%
WeWa Unionpay Diamond Card4%0.4%
Hang Seng enjoy Card2%

Citi Rewards vs Citi Cash Back

Citi Rewards Card offers points for eligible transactions, which can be used to redeem a wide range of things while Citi Cash Back offers rebate to cardholders. With Citi Rewards, cardholders can enjoy 5X rewards on contactless transactions with no spending categories limitation. Citi Cash Back offers 2% rebate but only on dining in restaurants and hotels. They are both lower-tier credit cards with an annual income requirement of HK$120,000.

Citi Rewards Card vs Citi PremierMiles Card

Citi Rewards is best for everyday shoppers whereas Citi PremierMiles Card is a must-have for frequent travellers. With points earned, cardholders of Citi PremierMiles Card can redeem for air miles for 12 preferential mileage programs, including Asia Miles, Avios, KrisFlyer.

With Citi Rewards, the points you earn will never expire. It can be used to redeem designated cash coupons, movie tickets, and air miles at Citi ThankYou Rewards online or it can be used to instantly offset spending anytime with Citi Pay with Points.

Citi Rewards Card VS Standard Chartered Simply Cash Card

Citi Rewards offers up to 2% rebate on local spend whereas Standard Chartered Simply Cash Card offers only 1.5%. With that said, Citi Rewards 2% cash rebate is only applicable to eligible contactless payment excluding Octopus AAVS and overseas spend but the rebate on Standard Chartered Simply Cash Card applies to a lot more spend with online shopping and Octopus AAVS included. It also offers up to 2% on overseas spend with no cap. The minimum annual salary is only HK$96,000 which is slightly lower than Citi Rewards. It also offers an annual fee waiver for designated Standard Chartered account holders.

Citi Rewards Card vs EarnMORE Card

Similar to Citi Rewards Card, EarnMORE Union Pay offers up to 2% cash rebate. It doesn’t only apply to designated shops and even retail spending, Octopus AAVS and digital wallet are included. EarnMORE Union Pay doesn’t have a minimum annual salary requirement. Even university students are eligible to apply.

Citi Rewards “Ineligible Transactions”

Citi Rewards “Ineligible Transactions” include: 1. Cash advances, fees and charges, withdrawal amount under the Balance Transfer Program, Cash Conversion Program and Quick Cash Installment Program, “FlexiBill” Installment Program and “PayLite” Installment Program payment to the Inland Revenue Department, casino transactions, online bill payment, transactions through Faster Payment System (FPS) Service, "Dynamic Currency Conversion transactions", i.e. transactions with conversion from a foreign currency into Hong Kong Dollars involved at the point of the transaction, or unposted /cancelled /refunded transactions.

2. For Citibank Credit Card accounts denominated in CNY, invalid transactions incurred in Mainland China (excluding Hong Kong and Macau) not eligible for Points include, but are not limited to, properties, automobile, wholesales, air tickets, fuel, supermarkets, hospitals and schools, and other charges designated by Citibank from time to time.


What are the benefits of applying for Citi Rewards Card through MoneySmart?

You can earn a HK$500 voucher when you apply for Citi Rewards Card via MoneySmart, apply now! (Offer valid until 31 Oct 2021)

What is the annual fee for Citi Rewards? Can it be waived?

The annual fee for Citi Rewards is HK$1,800 and it can be waived for the first year. From second year onwards, you can try to call the Citibank hotline at +852 2860 0333 and request it to be waived.

Can students apply for Citi Rewards Card?

No, as the annual salary requirement is HK$120,000.

Are there fees relating to foreign currency transactions?

Yes, 1.95% will be charged as foreign currency transaction admin fee.

How to redeem Citi Rewards points?

You can redeem the points earned at Citi ThankYou℠ Rewards for a wide range of rewards ranging from designated cash coupons, and movie tickets to air miles at Citi ThankYou℠ Rewards online.

Does Citi Rewards offer lounge access?

Yes, cardholders of Citi Rewards can enjoy Plaza Premium Lounge for 2 hours for HK$250. Also, cardholders of Citi Rewards UnionPay Card who spend HK$12,000 within two consecutive months can enjoy 3 times free airport lounge access in more than 130 designated LoungeKey airport lounges around the Greater China in Chinese Mainland, Hong Kong, Macao and Taiwan.