We’ve been loyal to our credit card company for the last several years because they are offering different promo like free Starbucks coffee, gas rebate and I can even convert my points to miles. They even waived our annual fee for the first few years but after that, they only waived half of the annual fee.
Last year my husband decided to apply to Citibank so we’re now using the Citi Cashback Card. So far, we’re still happy with the card because we can get a cash rebate. You can have up to 6% cash rebate on your supermarket expense, 2% on Meralco rebate and 0.20% rebate on all other purchases charged to your card, e.g., gas, cellphone bills, travel expenses, online and boutique shopping, dining bills, department store purchases, tuition fees, gadgets, and appliances.
Last May 2014, we redeemed our cash rebate. You need to call to use your cash rebate and it will be deducted from your amount due. At that time, per P500 ang pwede iredeem, P2500. Last September 2014, we redeemed our cash rebate again and this time, you can use all your points, P2193.
In less than a year, we were able to redeem P4693, not bad di ba. Big savings pa rin. I hope they will also waive our annual fee. According to them “Just spend at least P15,000 a month or P180,000 a year and your P2,800 principal card annual fee will be automatically waived”
Update: May 2018
If you want to redeem your Cash Rebates, you need to do it online because if you call, there is a charge of 500 points so it is better to do it online. Just log on to your account and click REDEEM REWARDS, choose Cash and Voucher. You can choose from P50, P100, P200, P500, P1000, P1500, P2000, P2500 or P5000. It will take 7 days before it will be deducted from your bill.