ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who pays S$500 (excludes prevailing GST) for his annual membership fee in full to his card account within one (1) month of card approval will receive 62,500 Points. In addition, a cardmember will receive 62,500 Points (or such other number of Points as the Bank may from time to time determine) upon renewal of his annual membership for the card account.
3.2 A cardmember will receive, on a monthly basis, Points which will be credited to his card account at the rate of 3.25 Points for every S$1 incurred on local retail purchases charged to his card account and 5 Points for every S$1 incurred on overseas retail purchases charged to his card account. Retail purchases charged by a supplementary cardmember will be aggregated with the retail purchases charged by a basic cardmember for the purposes of calculating the amount of Points earned. Supplementary cardmembers will not earn or receive Points.
3.3 Points shall be calculated on the amount of each retail purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded retail purchases will not be accredited Points. Where Points have been credited to the cardmember’s card account and/or used before the retail purchase is refunded, the Bank will debit the card account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the card account to have a negative Points balance.
3.4 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
(i) annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
(ii) funds transfers using the card as source of funds;
(iii) bill payments (including via Citibank Online or via any other channel or agent);
(iv) payments to educational institutions;
(v) payments to government institutions and services (including but not limited to court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases);
(vi) payments to insurance companies (sales, underwriting, and premiums);
(vii) payments to financial institutions (including banks and brokerage...
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A Cardholder will receive, on a monthly basis, Points which will be credited to his/her Card Account at the rate of 2.00 Point for every S$1 (or its equivalent in foreign currency) incurred on Local Retail Purchases and Overseas Retail Purchases charged to his/her Card Account.
3.2 Points shall be calculated on the amount of each Retail Purchase transaction and accumulated on a daily basis, rounded to the nearest Point. Any refunded Retail Purchases will not be accredited Points. Where Points have been credited to the Cardholder’s Card Account and/or used before the Retail Purchase is refunded, the Bank will debit the Card Account for the credited Points. The Bank shall be entitled to debit such Points even if such debiting causes the Card Account to have a negative Points balance.
3.3 In determining the amount of retail purchases for purposes of calculation of Points, the following transactions/charges shall not be taken into account and will not earn any Points:
ISSUANCE AND REDEMPTION OF POINTS. 3.1 A cardmember who (i) successfully applies for the card on or after 1 November 2010 and
