Citi Lazada Card

TL;DR – Is The Citi Lazada Credit Card Worth It?

Are you a loyal follower of Lazada’s Flash Sales, scrolling through the page daily to find the things to buy?

Don’t be shy!

At the end of the day, it’s our innate nature to want to find the best deals for ourselves.

Good news for you, then, the Citi Lazada Credit Card just landed in Singapore!

Who Can Apply For The Citi Lazada Card?

I know, you just want to know about the perks, but we still need to go through some basics.

Here's the eligibility criteria for the Citi Lazada Card:

Well, this card supposed to be for millennial online shoppers, so the minimum income can’t be too crazy, can it?

What Benefits Will I Get From The Citi Lazada Card?

These exclusive perks above as well as:

• Complimentary travel insurance when charging airfare to the card and
• Exclusive Offers on Lazada

Citi Reward Points

As you can see, the biggest perk is getting more Reward Points on your Lazada purchases!

Though I’m a little bummed that RedMart purchases are not eligible for the 10X Reward Points…

C’mon, online grocery shopping has gained popularity over the years and may form a huge portion of one’s monthly expenses, so why not include RedMart too?

But on the bright side, you’ll be getting 5X Reward Points for your day-to-day transport, including SimplyGo!

Oh, for those of you who pay your annual fees to get more miles, chotto matte, you won’t be getting any Reward Points for your annual fee payment after the first-year waiver.

Other Citi Lazada Card Benefits

Citi Lazada cardholders will also get exclusive offers on Lazada throughout the year. Obviously right?

Purchasing with Lazada comes with shipping fees too, but don’t worry! Spend a minimum of $50 per transaction and you’ll get to use your $1.99 shipping rebates 4 times a month.

Even banks know the importance of travel insurance and the Citi Lazada credit card offers free travel insurance when you charge your airfare to the card.

Sign-Up Bonus

Good news if you’re considering to apply for this card as a new Citi cardmember!

Being a new Citi cardmember just means you aren’t holding on to any Citi credit card as the principal cardholder.

They're currently offering a S$50 Lazada Vouchers Welcome Offer, up till 12 April, with a minimum spend requirement of S$500. However, this sign-up bonus might not be as attractive as other credit cards.

What Can I Use My Reward Points For?

Why accumulate points if you can’t use them?

Now, don’t ask me which redemption method you should choose since it’ll really depend on your purchase.

You’ll notice that the conversion rate for Pay with Points and Cash Rebates are essentially the same, which might make you feel better about making a big purchase.

Just remember to check for any instant rewards before your transaction to see which method gives you the best conversion rate!

How Long Are My Reward Points Valid For?

Okay, this one is important!

Your Reward Points have a validity period of 36 months, but it’s based on the date your account was opened.

Yeap, you read that right, it’s not based on when you earned the Reward Points…

Let’s say you successfully opened your account on 11 December 2019, your Reward Points will be valid until 10 December 2022. Even the ones you earned on 09 December 2022!

Plan wisely, everyone! 

If you’re planning to get the Citi Lazada Credit Card, remember, do your own homework and check the terms and conditions since individual spending habits are different!

Plus, make sure you cultivate a good habit of paying your bills on time!

Still unsure? Find out everything you need about credit cards - including what the best credit cards in Singapore are for miles and Cashback, factors to consider before getting one, fees to know, and why a good credit score matters.

You can also pose questions (anonymously, if you'd prefer) on Seedly Community.