Citi Grab Rewards Card Review 2019 – Up to 10X Rewards Points

citi grab rewards credit card review

Do you frequently use Grab services? Find out if the Citi Grab Rewards card can help you manage your transportation expenses.

Let’s face it. Booking from your pick-up point to your destination can go as high as P300-P500 for one way ride during peak hours for only a few kilometres. You’re always at the mercy of traffic jams and delayed meetings.

So, let’s take a look if the Citi Grab rewards card can really offer you the “life in the fast lane”. One thing’s for sure, the traffic in Metro Manila is getting worse, especially during the holiday season. And you have to weigh in the odds if the rewards points you’ll earn are worth it.

As of this writing, if you apply from now until October 31, 2019, as a new Citi credit cardholder, you will receive a welcome gift of P2,500 GrabPay credits (12 free rides).

But before you get excited about the welcome gift, let’s explore the key features and terms and conditions.

Citi Grab Rewards Card Terms and Conditions

Annual Fee
  • Waived for the first year
  • P2,500 for the principal cardholder 
  • P1,250 for a supplementary cardholder
  • You can use rewards points to waive the fee
Minimum Annual Income
  • P250,000 if you have no credit card
  • P180,000 if you already have a credit card for at least 6 months
Monthly Interest Rate 
  • 3.5%
Cash Advance Fee
  • P500 per withdrawal or 3% of the cash advance amount, whichever is higher
Late Payment Fee
  • P850
Overlimit Fee
  • P750 if you exceed credit card limit (effective June 1, 2019)
Card Replacement Fee
  • P400
Card Network
  • Mastercard

How does Citi Grab Rewards card work?

The Citi Grab Rewards card is ideal for people living in the metro and in key cities where Grab services are available. This co-branded credit card offers up to 10x Grab Points (GP) when you use it on booking rides.

You earn 1 Point for every P30 you spend. You earn 3x Citi Grab Points when you use it on your dining, entertainment, and online subscriptions.

Technically, based on the terms and conditions, you earn only 5x points on your Grab transactions.

But wait, there’s more! Citi offers “5X bonus points” from June 11, 2019 – June 30, 2020 — so that’s where the 10x Grab Points comes from.

Spending Categories Points Earned (1 GP = P30)
Grab transactions 5X Citi Grab points + 5X bonus points (valid until June 30, 2020, only) 

10X Citi Grab Points

Dining, entertainment, and online subscriptions 3X Citi Grab points
Other spending categories  1 Grab Point

To give you an idea of how many points you’ll earn, here’s a sample computation of your purchases amounting to P5,000.

Spending Categories Total transaction x Multiplier based on T&C Points Earned
Grab transactions (5X) P5,000 x 16.65% 833 points
Dining, entertainment and online subscriptions (Netflix, Spotify, iFlix, and iTunes) P5,000 x 9.99% 500 points
Other spending categories (retail, utility, travel, etc.) P5,000 x 3.33% 167 points

Keep in mind that even if you can earn up to 10x Grab Points, there’s a maximum cap of P10,000 worth of Grab transactions per statement cycle.

Just like the Citi Rewards and other Citibank credit cards, you can use your Citi Grab Rewards card with the #Love2Click promotions for online deals. Enjoy exclusive discounts at Zalora, Agoda, and Winery Philippines amongst others.

If you’re living in these cities where Grab services are available – Bacolod, Baguio, Bataan, Cagayan de Oro, Cebu, Davao City Iloilo, Manila, Naga, and Pampanga – then this might be a good option for you to manage your transportation expenses every month while earning points.

If you already have an idea of how much is your monthly expenses on transportation, then you can maximise this card especially if you’re living in Metro Manila.

Even if you don’t use it for your Grab bookings, you can still enjoy the 3x rewards points on your dining, entertainment, and online subscriptions. But make sure you’re not overspending just to get the rewards points.

Once you’re approved, you will enjoy your first six months as a member in GrabRewards Platinum Tier. You need to maintain a minimum spend per month according to GrabRewards Platinum parameters (the amount isn’t disclosed) to retain your status on your seventh month.

If you’re using the Grab app as a regular member, to reach the Platinum level, you need to earn 4,000 GrabRewards points by 31 December 2019. That’s a lot of points to earn. As a regular member, Grab allows you to earn 6 points for every P100 spent on GrabFood and GrabCar services.

However, if you have the Citi Grab Rewards, you won’t have to think about the math and numbers. You’re automatically upgraded to the Platinum account.

Lastly, if you have an accumulated spend of P120,000 for the whole year, you’ll get an anniversary gift worth P2,000 of Grab vouchers.

What can you redeem from Citi Grab Rewards credit card?

As a rewards card, you’ll be collecting more points whenever you spend in any categories. You can use your Points to pay for your annual fee, redeem cash credits, and transfer them to GrabRewards for points.

Citibank may also send you reminders from time to time via SMS where you can use your Points to pay a full or partial amount of Grab bookings.

Other Options to Citi Grab Rewards card

As of this writing, Citibank is the only one that offers a co-branded credit card with Grab. There are other rewards cards that offer up to 5x rewards points. But they don’t offer the same features of this card suitable for the commuters who frequently book Grab rides.

If you’re still thinking which rewards card to apply for, here are the things you should look out for when choosing a rewards card.

Check these other rewards cards with reviews:

What do you think of Citi Grab rewards card? Will you be enjoying the “fast lane” on your way to work?