Saving & Spending
Inside the Strange World of Citi’s Expiring Points and Cashback
By Sethisfy  •  August 19, 2022
When it comes to credit card points, most cards either give you points that never expire, or expire X years after earning them. Some examples of cards that give non-expiring points are Citi’s own Citi PremierMiles and Citi Prestige cards. Those with expiring points include DBS Woman’s World Master card whose points expire a year after accrual, and HSBC Revolution whose points expire after an odd 37-month period from earning them. Citi Rewards Citi Rewards card follows the beat of its own drum, having points expire every 5 years instead, with a 3-month grace period. This means that if you receive your Citi Rewards Card in August 2022, all the points you earn will expire on November 2027 (5 years and 3 months later). That seems like a generous validity period, until August 2027 rolls around and points earned that month only have 3 months of validity. This rather unintuitive system can also lead to utterly tragic stories like this one shared in the group chat....
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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