Wednesday, July 9, 2008

Giant-Citibank Credit Card - worth it ?

Hi,

Citibank had done it again ! After UOB had partnership with Carrefour via UOB One card, it's time for Citibank to co-brand with Giant hypermarket. Currently, there's promotion for applying the Citibank card too !



You not just get 1 but 3 offers namely
1. 10% purchase rebate for 1st purchase before 31st August 2008
2. 1 year free waiver (subsequently, RM90/year)
3. Get Olympus Digital Camera (FE-330) at RM349 (Need to include RM50 for delivery charges)

Other key features
1. 2% rebate on purchases made at Giant Malaysia
2. Get up to 1% rebate on spending outside Giant stores (except Fuel)
3. Purchase with purchase programs
4. Members only items

Something you might want to consider (Terms and condition)
1. Rebate may not apply for all purchase especially fuel
2. Maximum rebate of RM50 are available for 1st purchase
3. Existing Citibank card holder need to convert to Giant-Citbank card to enjoy these offer. You cannot carry forward your point to this card
4. The rebate you get for the 1st time purchase are in the form of voucher, delivered via your monthly statement (up to 8 weeks) and need to be used by 31st August 2008

No.

Spending Amount (RM)

Number of Voucher in RM5 denomination each

1.

50 – 99

1.

2.

100 – 149

2.

3.

150 – 199

3.

4.

200 – 249

4.

5.

250 – 299

5.

6.

300 – 349

6.

7.

350 – 399

7.

8.

400 – 449

8.

9.

450 – 499

9.

10.

500 and above

10.


5. 2% rebate exclude purchase from Cold Storage and Guardian shop

In conclusion, the offer is not as rewarding as other co-brand credit card in the market. Some credit card can offer up to 1.5% for utility payment and 5% for fuel. Unless you need to buy the Olympus camera or spending a lot on Giant hypermarket, you're better of trying with UOB One (Rebate starting from RM4 with minimum purchase of RM100 and above - per RM50 transaction). For list of merchant, check it out here.

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