Citi Bank Credit Cards
CITI Bank, a subsidiary of the multinational financial conglomerate Citigroup, has been a prominent figure in the Indian credit card market. Despite the recent acquisition of Citibank’s Indian consumer business by Axis Bank in March 2023, the commitment to serving existing customers remains steadfast. CITI Bank's credit cards are known for their diverse range of benefits tailored to different lifestyle needs and spending patterns. The bank offers a variety of cards, each with its unique combination of features and rewards, ensuring that there's a card for every type of spender. The worthiness of CITI Bank's credit cards can be assessed through their rewards programs, welcome offers, redemption options, and the fees and charges associated with each card. However, it's important to note that CITI Bank's credit cards are currently available only to existing customers, as no new cards are being issued to customers of other banks following the transition to Axis Bank.
Ikea Family CITI Credit Card
Reward System: Get 3 reward points per INR 100 spent at Ikea. Value of 1 reward point: INR 0.20. Ikea cashback rate: 0.6%. Get 2 reward points per INR 100 spent on dining transactions. Dining cashback rate: 0.4%. Get 1 reward point on all other spends. General cashback rate: 0.2%.
Customers can get cashback of INR 1000 in their card account on spending Rs. 6000 or more within 30 days of card issuance.
Welcome Benfits
Interest Rate: 3.75% per month (i.e., 45.00% annualized)
Interest Rate
A welcome gift of 10,000 Miles is provided to the new customers.
Welcome Benfits
3.75% per month (45.00% annualized) on outstanding balance
Interest Rate
First Citizen Citi Credit Card
1 RP = Rs. 0.6.
Customers get 14 First Citizen Reward Points/Rs.200 spent on private brand apparel at Shoppers Stop (i.e., 7 reward points for every INR 100 spent, Cashback Rate:4.2%).
10 First Citizen Reward Points/Rs.200 spent at Shoppers Stop on other brands(i.e., 5 RPs for every INR 100 spent, Cashback Rate: 3%).
10 First Citizen Reward Points/Rs.200 spent at Homestop, Arcelia, M.A.C, Clinique, Estee Lauder, Bobbi Brown, Jo Malone & Smashbox (Cashback Rate: 3%).
2 First Citizen Reward Points/Rs.200 on other spends (Effective Cashback Rate: 0.6%).
Customers get 500 First Citizen points worth Rs.300 on their first spend within 30 days of card issuance.
Welcome Benfits
3.75% per month (i.e., 45.00% annualized)
Interest Rate
CITI Rewards Credit Card
Earn 1 Reward Point for every Rs. 100 spent on all transactions.
Additional rewards on specific categories: 5 Reward Points per Rs. 100 spent on departmental stores, supermarkets, and fuel: This can be beneficial for frequent shoppers and drivers.
3 Reward Points per Rs. 100 spent on dining and bill payments: Offers bonus rewards for foodies and utility billers.1 RP= INR 0.35
Overall effective rate: 3%
Customers can earn 2,000 bonus points after their first purchase within 30 days of card approval.
Welcome Benfits
3.25% per month (39% per annum)
Interest Rate
CITI Cashback Credit Card
Earn 1% cashback on all spends.
5% Cash back on telephone & utility bill payments, and movie ticket purchases.
No reward tiers or categories, making it simple to accumulate cashback on all your purchases.
Cashback is credited directly to your card account and can be redeemed for statement credit or various gift vouchers.
1 RP= INR 0.35
Effective Cashback Rate: 1.75%
None
Welcome Benfits
37.20% - 42.00% p.a.
Interest Rate
Top 5 Credit Cards Of Citibank
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Joining Fees: INR 500
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Interest Rate: 37.20%p.m. 42.00% p.a.
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Welcome Benefit: None
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Special Feature: The unredeemed cashback is evergreen, and never expires.
The CITI Bank Cashback Credit Card is designed to reward users with cashback on their everyday transactions. Cardholders can earn up to 5% cashback on telephone and utility bill payments, as well as movie ticket purchases, while all other spends are eligible for a 0.5% cashback. The cashback earned is automatically credited to the card statement in multiples of Rs. 500, ensuring that savings are realized regularly. Additionally, the card offers privileges such as Citi PayLite, which allows big purchases to be converted into small payments, and Citi Quick Cash for instant loans. For dining, cardholders can enjoy up to 20% savings across participating restaurants. The card also provides the convenience of contactless payments, enhancing the transaction experience.
CITI Bank Cashback Credit Card
CITI Bank Rewards Credit Card
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Joining Fees: INR 1000
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Interest Rate: 37.20%p.m. 42.00% p.a.
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Welcome Benefit: Earn 2,000 bonus points after your first purchase within 30 days of card approval.
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Special Feature: The reward points never expire.
The Citi Bank Rewards Credit Card is designed to make shopping more rewarding for its users. It offers accelerated reward points on specific categories such as apparel and department stores, where cardholders can earn 10 reward points for every Rs.125 spent. For other purchases, 1 reward point is earned per Rs.125 spent. Additionally, cardholders can enjoy bonus rewards, such as earning 300 bonus points when spending over Rs.30,000 in a month. The card also provides welcome benefits, including 1,500 bonus reward points upon card activation and first use within 30 days. The reward points are evergreen, meaning they do not expire, allowing customers to accumulate and redeem them for a variety of rewards, including air miles, cashback, and items from a rewards catalog. The card comes with a joining and annual fee but offers a fee waiver upon reaching certain spending milestones.
CITI Bank PremierMiles Credit Card
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Joining Fees: INR 3000 + GST
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Interest Rate: 37.20%p.m. 42.00% p.a.
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Welcome Benefit: A welcome gift of 10,000 Miles is provided to the new customers.
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Special Feature: Customers get a Lost Card Liability Cover of ₹10 Lakh.
The CITI Bank PremierMiles Credit Card is a travel companion packed with benefits. It offers 10,000 Miles as a welcome bonus and 3,000 Miles annually upon renewal. For those who frequently fly, it provides complimentary domestic lounge access, with the number of visits varying by card variant. Cardholders can also enjoy dining privileges, insurance benefits, and a fuel surcharge waiver. The card is especially rewarding for travelers, offering the ability to earn miles on every purchase that can be redeemed across a vast network of airlines and hotel partners, ensuring that every journey is as rewarding as the destination.
CITI Bank IndianOil Credit Card
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Joining Fees: No joining fees for the first year
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Interest Rate: 37.20%p.m. 42.00% p.a.
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Welcome Benefit: Customers can earn 250 Turbo Points on joining.
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Special Feature: Accelerated rewards on fuel spending.
The CITI Bank IndianOil Credit Card is a specialized financial tool designed to offer benefits and rewards for fuel purchases, particularly at IndianOil outlets. Cardholders can earn Turbo Points on their fuel spends, with accelerated rewards for fuel purchases at authorized IndianOil outlets, where they can also enjoy a 1% fuel surcharge reversal. Additionally, the card offers Turbo Points on groceries, supermarkets, and other daily spends, which can be redeemed for free fuel. The card also provides privileges such as instant loans, EMI conversion options, and contactless payment capabilities. With the Citi Mobile® App, managing the card and redeeming rewards is made convenient. The card promotes savings on fuel and is a suitable choice for individuals who frequently incur fuel expenses.
CITI Bank Prestige Credit Card
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Joining Fees: INR 20,000 + GST
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Interest Rate: 37.20%p.m. 42.00% p.a.
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Welcome Benefit: Customers get welcome gift of 2,500 bonus points and benefits worth Rs. 10,000 from ITC/Taj.
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Special Feature: Buy One Get One on INOX movie tickets, once a quarter and Complimentary Swiggy vouchers on quarterly spend of ₹20,000.
The Citi Bank Prestige Credit Card is a premium offering that caters to the needs of frequent travelers and dining enthusiasts. It boasts a generous rewards rate, providing 5X points on air travel and restaurant purchases, and 3X points on hotel and cruise line bookings. For all other purchases, cardholders earn 1X point. New cardholders can benefit from a welcome offer of 50,000 bonus ThankYou points after meeting the spending requirement within the first three months. The card carries an annual fee of $495, which is aligned with its luxury status and benefits. This card is best suited for those who can take full advantage of its travel-related rewards and services
Welcome Benefits
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CITI Bank Cashback Credit Card: None.
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CITI Bank Rewards Credit Card: Customers can earn 2,000 bonus points after their first purchase within 30 days of card approval.
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CITI Bank PremierMiles Card: A welcome gift of 10,000 Miles is provided to the new customers.
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CITI Bank Prestige Credit Card: Customers get a welcome gift of 2,500 bonus points and benefits worth Rs. 10,000 from ITC/Taj.
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IndianOil CITI Bank Credit Card: Customers can earn 250 Turbo Points on joining.
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First Citizen Citi Credit Card: Customers get 500 First Citizen points worth Rs.300 on their first spend within 30 days of card issuance.
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CITI Bank IKEA Family Credit Card: Customers can get cashback of INR 1000 in their card account on spending Rs. 6000 or more within 30 days of card issuance.
Annual Fee
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CITI Bank Cashback Credit Card: Joining Fees: INR 500. Annual Fees: INR 500.
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CITI Bank Rewards Credit Card: Joining Fees: INR 1000 + GST. Annual fee: INR1000, but it is waived if you spend Rs.30,000 or more in a membership year.
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CITI Bank PremierMiles Card: Joining Fee: ₹3,000 + applicable taxes. Annual Fee: ₹3,000 + applicable taxes (waived if you spend ₹3,000 or more in foreign currency transactions within the membership year).
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CITI Bank Prestige Credit Card: Joining Fees: INR 20,000 + GST. Annual Fees: INR 20,000 + GST.
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IndianOil CITI Bank Credit Card: Joining Fees: INR 0. Annual Fees: INR 1,000 (waived off on spending ₹30,000 in a year).
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First Citizen Citi Credit Card: Joining Fees: INR 500 + GST. Annual Fees: Zero Annual fees on annual spends of Rs 30,000 or more.
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CITI Bank IKEA Family Credit Card: Lifetime Free Credit Card.
Rewards System
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CITI Bank Cashback Credit Card: Earn 1% cashback on all spends. 5% Cash back on telephone & utility bill payments, and movie ticket purchases. 1 RP= INR 0.35. Effective Cashback Rate: 1.75%.
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CITI Bank Rewards Credit Card: Earn 1 Reward Point for every Rs. 100 spent on all transactions. Additional rewards on specific categories. 5 Reward Points per Rs. 100 spent on departmental stores, supermarkets, and fuel: This can be beneficial for frequent shoppers and drivers. 3 Reward Points per Rs. 100 spent on dining and bill payments: Offers bonus rewards for foodies and utility billers. 1 RP= INR 0.35. Overall effective rate: 3%.
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CITI Bank PremierMiles Card: 10 Miles / Rs.100 on airline transactions (Cashback Rate: 4.5%). 4 Miles on every ₹100 spent on all other transactions. 1 RP = INR 0.45. Effective Cashback Rate: 1.5%.
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CITI Bank Prestige Credit Card: Earn a minimum of 1 reward point on every ₹ 100 spent: online and in-store. 1 point = 1 INR. Effective Cashback Rate: 1%.
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IndianOil CITI Bank Credit Card: 2 Turbo points / Rs. 150 spent on groceries and supermarkets. (Cashback Rate: 2%). 1 Turbo point / Rs. 150 on all other spends. 1 Turbo Point = Re. 1. Effective Cashback Rate: 1%.
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First Citizen Citi Credit Card: 1 RP = Rs. 0.6. 14 First Citizen Reward Points/Rs.200 spent on private brand apparel at Shoppers Stop (Cashback Rate: 8.4%).
How to Activate CITI Bank Credit Card?
Activating your CITI Bank credit card is a straightforward process that can be completed in a few simple steps. Whether you're a new cardholder or received a replacement card, activation ensures that your card is ready to use for purchases, online transactions, and more. Here's how you can activate your CITI Bank credit card:
1. Online Activation: The most convenient way to activate your card is through Citibank's online portal You'll need to enter your card number and follow the prompts to complete the activation.
2. Mobile App: Citibank also offers a mobile app that allows you to activate your card quickly. Download the app from your device's app store, log in with your credentials, and look for the card activation option.
3. Phone Activation: If you prefer, you can activate your card by calling the phone number on the back of your card. Follow the automated instructions or speak to a customer service representative to activate your card.
Eligibility Criteria for CITI Bank Credit Cards
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Age: Applicants should be between 23 and 60 years old.
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Employment Status: Both salaried and self-employed individuals are eligible.
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Credit Score: A reasonable credit score is required for consideration.
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Income: Specific income requirements may apply, depending on the card and region.
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Residency: Some cards may require the applicant to be a resident of a specific country.
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Documentation: Necessary documents must be provided for income and identity verification.
Other Fee And Charges
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Interest Rates: 37.20%p.m. 42.00% p.a.
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Cash Advance Charges: Citi PremierMiles Credit Card, Citi Prestige Credit Card: 2.0% on the billed amount withdrawn , subject to a minimum of ₹300.
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Late Payment Charges: NIL for outstanding balance (after the due date) up to ₹2000. ₹500 for outstanding balance (after the due date) above ₹500 and up to ₹5000. ₹750 for outstanding balance (after the due date) above ₹5000 and up to ₹10000. ₹1200 for outstanding balance (after the due date) above ₹10000.
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Late Payment Charges: INR 100 for a statement outstanding balance less than or equal to INR 500. INR 350 for a statement outstanding balance between INR 501 and INR 2,000. INR 500 for a statement outstanding balance between INR 2,001 and INR 4,000. INR 700 for the statement outstanding balance between INR 4,001 and INR 20,000. INR 800 for a statement outstanding balance greater than INR 20,000
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Foreign Currency Mark-up Fees: All overseas transactions are levied with a 3.5% transaction fee.
Citibank's Journey
The history of Citibank is a fascinating journey through the evolution of modern banking, reflecting the growth and transformation of New York City and the United States at large. Founded on June 16, 1812, as the City Bank of New York, Citibank was established by a group of New York merchants as a response to the financial needs of a growing city. Samuel Osgood, a statesman and retired Colonel, was the bank's first president, setting the stage for a legacy that would extend over two centuries.
In its early years, Citibank, then known as the City Bank of New York, was pivotal in supporting the United States' efforts in the War of 1812. The bank financed war bonds and later played a significant role in America's industrial expansion, underwriting the Union during the Civil War with $50 million in war bonds and opening the first foreign exchange department of any bank in 1897.
Today, Citibank stands as the fourth-largest bank in the United States in terms of assets, with a significant global presence, operating 2,649 branches in 19 countries, including a substantial network in Mexico operated by its subsidiary Banamex. Citibank's journey from a modest city bank to a global banking giant mirrors the dynamic history of the financial industry and the ever-evolving landscape of global finance.
Frequently Asked Questions
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What are the different types of Citi credit cards available? Citi offers a variety of credit cards catering to different spending habits and needs. These include travel reward cards, cash back cards, airline partnership cards, and cards with benefits like purchase protection and extended warranty. You can explore their options on the Citi website to find the right card for you.
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How do I apply for a Citi credit card? You can apply for a Citi credit card online through their website or mobile app. They may also offer promotions for applying in branch. Be sure to have your basic financial information readily available during the application process.
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What are the eligibility criteria for getting a Citi credit card? Eligibility requirements can vary depending on the specific card, but generally, Citi considers your credit score, income, and employment history.
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What are the benefits of using a Citi credit card? Benefits vary by card, but some common perks include rewards programs (cash back or points), travel insurance, purchase protection, extended warranty, and access to airport lounges.
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How do I make a payment on my Citi credit card? You can make payments online through Citibank online banking, their mobile app, or by mail. Citi also offers phone banking options for payments.
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What happens if I miss a payment on my Citi credit card? Missing a payment can result in late fees and penalty interest charges. It can also negatively impact your credit score. If you're facing difficulty making a payment, contact Citibank as soon as possible to discuss your options.
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How do I report a lost or stolen Citi credit card? Report a lost or stolen card immediately by calling the number on the back of your card or logging in to your online account. This helps prevent unauthorized charges.
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How do I increase my credit limit on my Citi credit card? You can request a credit limit increase online through your Citibank account. Approval will depend on your creditworthiness and account history.
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What if I want to cancel my Citi credit card? Contact Citibank customer service to initiate the cancellation process. You will need to pay off any outstanding balance before the card can be closed.
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Where can I find more information about Citi credit cards? You can visit the Citibank website or mobile app to explore their credit card offerings, benefits, and eligibility requirements.