Citigold vs Citi Plus: My Honest Review on Citibank Accounts

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Not Sponsored by Citi, so it is an honest review but it’s sponsored by this

New to Bank = no primary Banking account within 13 calendar months before Enrolment month
If you have Citi credit card it is okay, since it is not a bank account

Citi Plus Account
- Get S$50 Cash upon opening your Citi Plus account within 2 weeks
- S$100 when you fund S$15,000 within 2 months from month of account opening, maintain funds for 4 months after funding in.
- E.g. account opened in 30 April, your $15K has to be deposited by 31 May
- Hold $15K till 30 Sep (Month 6)
- 150/15000 = 1% return after 6 months, effective 2% p.a.
- Citi Interest Booster: Additional interest when you clear the milestones
- Main benefit is to boost the Cashback rate of Citi Cashback+ from 1.6% to 2%
- because you will earn 0.4% Bonus Cash Back on your spend if you are a Citi Plus customer who is the Primary Account Holder of a Citi Interest Booster Account.
- 2% Cashback even on Travel spend, airfares, hotels, rental cars, tour agencies which are excluded from Citi Rewards 10x points

Citigold Premier Banking
- Min deposit of S$250,000 to qualify for Citigold Premier Banking
- Get S$1,000 Cash or similar value of gifts
+ Earn up to 7.51% p.a. with Citi Wealth First account, but not worth it as it is similar to Citi Plus Interest Booster, too many requirements
+ Enjoy Citigold status when you travel overseas
+ Enjoy complimentary withdrawals at Citibank ATMs worldwide
+ World Class Wealth Advisory by Relationship Manager
+ Access to Citi Wealth Hub 268 Orchard (by appointment with RM only)

#Sponsoredby #Webull

[Greg]

Citi is in a total state of disarray right now - completely unhinged people running their retail banking and driving their larger depositors crazy. I would avoid them at all costs.

[sgek]

Hi Chris, good day to you, may i check if i maintain a CitiGold account with Citi, am i able to get a Citi Prestige card with free annual fees ?

[kitsura]

Btw I doubt RMs are qualified to give investment advice. That is probably the domain of the bank's CFA. And even then, due to a whole range of reasons I do not want to get into, the products or instruments that the RM proposes to you might not be the best for you. Just FYI.

[maxmr]

Based on TNC, the bonus 0.04% cashback is capped at 2000 retail spending per month. So the real unlimited interest is still 1.6%.