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Both credit cards also got rebate system. I have been using Citibank Dividend cards for few years. Enjoying quite good rebates from them regularly. Recently backside itchy go and apply the POSB Everyday card. Wanna ask anyone who is familiar on both cards, which cards give more rebates and provide more benefits?

Just read Citibank is stopping this and rebates will expire 2nd May. SMS CRBTBAL <SPACE><last 4 digits of your card> to 72484 (Example: CRBTBAL 0123) to find out how much rebate you have. I have enough for 2 Starbucks ☕ http://www.citibank.com.sg/gcb/credit_cards/credit-card-citi-rebate.htm

CITIBANK is upending the traditional vehicle financing model here by pre-qualifying customers for car loans - thus bypassing the motor industry, which could lose millions of dollars in finance commissions if this practice is eventually adopted by other banks - PHOTO: AFP 18 Oct5:50 AM Singapore CITIBANK is upending the traditional vehicle financing model here by pre-qualifying customers for car loans - thus bypassing the motor industry, which could lose millions of dollars in finance commissions if this practice is eventually adopted by other banks. Under the Citi Direct Car Loan model, customers apply online for vehicle financing and those who are successful receive in-principle approval. With this conditional approval for a loan of a specified amount, a prospective car buyer can shop for a car knowing he or she has already qualified for financing. This is different from the current model where a new car buyer submits a loan application through the car company for the bank's approval. If the application is approved, the car company receives a finance commission from the bank, which can range from 1-2.5 per cent of the loan amount, depending on the quantum and tenure. Say, the average commission is 1.5 per cent and the average loan amount is S$100,000. For a top dealership selling 5,000 cars a year, with perhaps half of those purchases involving financing, the total commission could come to nearly S$4 million. To make its loan scheme more attractive, Citibank is offering flat interest rates of between 1.48 and 1.88 per cent per annum - much less than the prevailing market rate of about 2.28-2.68 per cent. Citi says its Direct Car Loan is a "no-frills service with no involvement of intermediaries, which in turn gives you the advantage of enjoying lower rates". At the same time, it is understood that the bank believes it is a more efficient and productive way of applying for vehicle financing. If the Citi model catches on with other financial institutions, it could spell the end of a longstanding relationship with motor distributors as well as finance income. But some car companies doubt that will happen. "Most distributors have a panel of banks they work with," says the managing director of a luxury dealership. "There are advantages to such tie-ups, the most important of which is customer convenience." He explains that car salesmen take care of the nitty-gritty for the buyer - something the latter won't get if a bank wants to be independent and go direct to the customer. "The salesman provides one-stop shopping," he adds. "If he doesn't do it, someone else will have to. So whatever is saved in commission may have to be paid out elsewhere." The sales director of another luxury dealership agrees: "It is part and parcel of buying a car. Of course, the salesman gets a commission but the emphasis is on customer service. Certain processes are involved; it's not as straightforward as it looks." Another factor working against the direct model is in-house financing, provided by the financial services arm of the manufacturer - something which all the German brands here have access to. "The dealer can easily take advantage of this alternative to keep financing in-house," the sales director says. He speculates that Citibank is rolling out this scheme because it wants to increase market share. The American bank is currently a small player in the vehicle financing market here, with DBS, OCBC and Hong Leong among the heavyweights. The latter three have tie-ups with most of the best-selling brands. "It's a good idea but, ultimately, it will be difficult to dictate terms to motor dealers." http://www.businesstimes.com.sg/transport/shake-up-ahead-for-car-loans

Like to check.... the One Motoring website show the citi bank loan at better interest.... but the thing is,we need to take loan from most if not all AD and PI own finane company.... so it's like let us see for fun only????

Hello all, I thought Citibank DIVIDEND Card can get 18.3% discount petrol at Esso, but the counter casher only agreed to give 14%, and said another 5.3% subject to site promotion do you have same experience?

http://www.sgcarmart.com/news/article.php?AID=11391 Citibank has allowed pre-qualification of customers for car loans and this could possibly cause a shake-up in the local motor vehicle financing model. The Business Times reported that Citibank is upending the traditional vehicle financing model here by pre-qualifying customers for car loans - thus bypassing the motor industry, which could lose millions of dollars in finance commissions if this practice is eventually adopted by other banks. To make its loan scheme more attractive, Citibank is offering flat interest rates of between 1.48 and 1.88 percent per annum - much less than the prevailing market rate of about 2.28 to 2.68 percent Under the Citi Direct Car Loan model, customers apply online for vehicle financing and those who are successful receive in-principle approval. With this conditional approval for a loan of a specified amount, a prospective car buyer can shop for a car knowing he or she has already qualified for financing. This is different from the current model where a new car buyer submits a loan application through the car company for the bank's approval. If the application is approved, the car company receives a finance commission from the bank, which can range from 1 to 2.5 percent of the loan amount, depending on the quantum and tenure. If the Citi model catches on with other financial institutions, it could spell the end of a longstanding relationship with motor distributors as well as finance income. But some car companies doubt that will happen. "Most distributors have a panel of banks they work with and there are advantages to such tie-ups, the most important of which is customer convenience," said the managing director of a luxury dealership. He explained that car salesmen take care of the nitty-gritty for the buyer - something the latter won't get if a bank wants to be independent and go direct to the customer. Another factor working against the direct model is in-house financing, provided by the financial services arm of the manufacturer - something which all the German brands here have access to. It is believed that Citibank is rolling out this scheme because it wants to increase market share. The American bank is currently a small player in the vehicle financing market here, with DBS, OCBC and Hong Leong among the heavyweights. The latter three have tie-ups with most of the best-selling brands.

Anyone used it as a cashcard in your vehicle IU? Does it require the new IU to be able to read? I tried on my IU but "error".

Managed to pick up an application form for Esso Speedpass, which allows you to link to any credit card and to your existing Smiles card for points. Previously the attendant told me the only option for Speedpass was to apply with the DBS ESSO card. Question is, currently when you pay by Citibank cards, there is 14% direct discount, as opposed to the normal station discounts, so by linking the Speedpass to a Citibank card, will you still enjoy the 14% direct discount? I don't want to queue at the counter, yet I still want to enjoy the maximum discount that I'm currently getting, with my Citibank Dividend card.

was checking the MAS factsheet that was given to me by citibank. 1 mth sibor highest record in their factsheet is 20% in Jan-98. But i check everywhere, incl factsheet that other bank provided... never has 1mth sibor close the 10% mark..(MAS site) Either the factsheet bear incorrect information, or the citibank's sibor is higher than other banks. *pretty scary* if their sibor rate is higher than other bank even in the same given mth.

A bit long but please read... Received a phone call today from Citibank. Some girl on the line told me that a credit card which I applied for in May/June this year had some processing issues and offered to 'resend' me the form via email so I can 'just put a signature' on it to get the card up and running. Problem is I don't recall applying for any card so I told her that since it has already been half a year, I probably didn't need the card anymore but just send me the form and details anyway. Didn't think much of it as I had intended to just ignore the request as I don't want any card, even if I had signed up for it. So I went home today and apparently, my dad also tio the same caller! Interesting thing is..same storyline! And again, my dad being the alert one, told me that he too, didn't sign up for any card in May/June period. We were quite suspicious about this whole thing and after discussion, we were really certain there was no such application made before! Hence bros, do take note...the caller will know some of your details and will probably offer to send you some form. THINK before you sign anything and forward back! *Looking at the scanned form they sent me, if their storyline were to be true and that I had indeed signed up in May/June, why is it that they don't even have information like my i/c number which I would have probably filled in at that point in time? And they only sent me one part of a form..the part which required personal info and siggie, nothing about the details of the card which I had supposedly applied or and requested over the phone.* And what kind of bank will take more than half a year to get back to you about a flawed application? So bros, please beware!

rant a bit, citibank jsut took $ from my saving account without my knowledge to clear my card debts. is this even legal????

Anyone with similar encounters to share: 1) Account Summary and Transaction History does not tally (less in the summary)? 2) Amount Invested and Amount Available does not tally (can see can not access for investment fixing)? 3) Current Accouint (PA) does not tally with Account Summary (some money not found)? 4) Some local currency went into Time Deposit instead of Step-up Account, when PA exercised/lapsed? Software/hardware not quite compatible (happened only from October 2010)?

Heard esso having 15% discount for Citibank cards to fight with SPC is that true?

Hi all, Just want to ask those who use citibank dividend card and pump at esso stations if they also use the esso mobil privilege card. Some say that there's additional discount but I don't know how it works lei. Normally I use the dividend card and get 14.5% (10% + 5% rebate off total bill). - Does esso mobil privilege card give additional discount? - Do I pay with dividend card or with esso mobil privilege card? - What's the best card to use for esso stations? Would appreciate if any esso users can share.

For those using Dividend Card with Esso Mobil Card at Esso stations for the super high discounts, please remember to double-check the Dividend$ rebate in your monthly statement... Realised since last month statement that the computation for the earned Dividend$ is lesser than what should have been given, not just petrol station (5%) but also other spendings (eg: 2% dining, etc).. Excuse was the different/unrecognized merchant charge codes used by the merchants (but I told them this shouldn't be my problem right)~ Called them up last month n promised to rectify everything incl all past months' errors, but yet this month statement reflected the same problem and no adjustments from previous months' errors Called up again n promised to rectify... So heads up for those on this card n don't assume everything is calculated correctly

Just received credit card statement from citibank. Note that with effect from 1 mar onwards, the 3% additional rebate will be changed to 3% upfront discount. However, the additonal discount will not be given if one is using vouchers. Sigh... I thought all along i'm enjoying 5% + $3 vouvher + 3% rebate + 5% dividend rebate....

I've read like 5% cashback and 3% rebate at station discount. Is this true? Currently on Esso with Platinium UOB with 5% unidollars discount

Hi, Saw the Citibank Ad, which says 8% rebate at Esso. Hence, net discount, including station discount is 12.6% (5% + 8%x95%). Looks like this is the best deal for Esso ? Your comments please..

The shell personal card gives 3% discount on top of whatever discount is given at the station. However, as far as I know the citibank dividend platinum card gives 5% rebate, but seems to come with a catch that you need to hit 10k of spending on the card in a 2 year time frame to get the rebate. If that the case, isnt the citibank dividend card a better deal? Did I miss something?

They claims can collect credit card within 24hrs and this was from their webbie You can expect to hear from us:

Recently, I've recivd a notice from Citibank that they had not recivd the minimum amount due on my a/c for my annual membership card. I was so fed-up wif them. I've already called & told them that I wanna cancelled my Citibank Tangs Visa card cos I need to pay for my renewal annual membership fee & I aso seldom use this card. They said that they will help me to cancel away. I've informed & told them abt last two weeks ago. Yday, I've recivd a notice from Citibank that they had not recivd the minimum amount due on my a/c & I was shocked to receive the notice. They still billed me the bill. That nite, I've been trying to call Citibank Pal phone but the automatic phone system let me waited for so long....abt 15mins to 20mins. When I've told the officer abt this matter, he cannot explained why it was still sent to my home & said that my a/c was $0 now. I feel that their service is very bad.

Just read in my credit card bill that there's on-going promo with Mobil/Esso. From now till 30th June... additional 3% rebate discount. So for my platinum dividend card, I get 5% + 3% = 8% total rebate when I top up at Mobil. On top of site discount of 9%, total = 17%. Somemore got Smiles points. Not bad yeah? Can anyone verify?

Call the citibank card centre and enquired about redeeming Citi$ for fuel vouchers and was told they no longer offer any vouchers? They used to offer Esso vouchers though. Anyone knows what happen to them? Cut cost?