CITI Cashback Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
CITI Cashback Credit Card
Bank Name :
CITI Bank
Type :
Rewards Credit Card
Interest Rate :
37.20% - 42.00% p.a.
Eligibility :
The applicant should be between 23 and 60 years of age.
The applicant should be either salaried or self-employed and have a decent credit score.
The minimum income requirement for salaried individuals is not available in the search results.
The minimum income requirement for self-employed individuals is not available in the search results.
Pros
No annual fee: Some versions of the card have no annual fee, making it a good option for low-spenders or those who value simplicity.
Rewards: 5% Cash back on telephone & utility bill payments, and movie ticket purchases. 20% savings on Swiggy, installment, and Eazydiner.
Milestone Benefit: The unredeemed cashback is evergreen, and never expires.
Additional benefits: Depending on the specific version, you may get additional benefits like discounts on movie tickets, phone bills, or dining.
Widely accepted: The Visa or Mastercard network provides broad acceptance at merchants worldwide.
Cons
Low cashback rate: 0.35% is a relatively low cashback rate compared to other cashback cards offering up to 5% or more in certain spending categories.
No rewards system: Unlike cards with points programs, you don't have the flexibility to redeem your cashback for travel, merchandise, or other rewards.
Foreign transaction fees: You may incur foreign transaction fees on international purchases.
High late payment fees: Missing a payment can result in hefty late fees, so responsible credit usage is crucial.
Pros & Cons
Welcome Benefits
None
Rewards System
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%
International Forex Markup
3.75% per transaction
Welcome Benefits and Reward System
Special Features
The unredeemed cashback is evergreen, and never expires.
Eligibility Criteria
The applicant should be between 23 and 60 years of age.
The applicant should be either salaried or self-employed and have a decent credit score.
The minimum income requirement for salaried individuals is not available in the search results.
The minimum income requirement for self-employed individuals is not available in the search results.
Benefits
Cashback is automatically credited to your statement in multiples of ₹500.
Unredeemed cashback never expires.
Accidental Death Cover of Rs. 2 lakhs upon payment of annual fee.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Choose your desired CITI Cashback Card variant: CITI offers several cashback cards with varying rewards rates and annual fees. Compare and choose the one that best suits your spending habits.
Visit the CITI website or mobile app: Navigate to the credit card page and select "Apply Now" for your chosen card.
Fill out the application form: Provide your personal details, financial information, and employment details. Ensure all information is accurate and complete.
Upload required documents: Scan and upload copies of your proof of identity, address, and income proof.
Review and submit your application: Carefully review all details before submitting your application.
Contact Details
1860 210 2484
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
No annual fee: Some versions of the card have no annual fee, making it a good option for low-spenders or those who value simplicity.
Rewards: 5% Cash back on telephone & utility bill payments, and movie ticket purchases. 20% savings on Swiggy, installment, and Eazydiner.
Milestone Benefit: The unredeemed cashback is evergreen, and never expires.
Additional benefits: Depending on the specific version, you may get additional benefits like discounts on movie tickets, phone bills, or dining.
Widely accepted: The Visa or Mastercard network provides broad acceptance at merchants worldwide.
Low cashback rate: 0.35% is a relatively low cashback rate compared to other cashback cards offering up to 5% or more in certain spending categories.
No rewards system: Unlike cards with points programs, you don't have the flexibility to redeem your cashback for travel, merchandise, or other rewards.
Foreign transaction fees: You may incur foreign transaction fees on international purchases.
High late payment fees: Missing a payment can result in hefty late fees, so responsible credit usage is crucial.
CITI Cashback Credit Card
The CITI Regular Cashback Credit Card is a good option for someone looking for a simple and no-fuss cashback card with no category restrictions. However, the low cashback rate and limited benefits might not be appealing to everyone, especially those who spend heavily or want additional perks. Consider your spending habits and compare with other cashback cards before making a decision.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual Fee: ₹500
Interest Rate: 37.20%p.m. 42.00% p.a.
Cash Advance Charges: 2.5% of the amount or Rs. 500 (whichever is higher)
Late Payment Charges: Up to Rs. 1,000
Over-limit Charges: Up to Rs. 500
Foreign Currency Markup Fee: 3.75% per transaction
Fuel Surcharge
CITI Cashback Credit Card offers a 1% fuel surcharge reversal on transactions made at authorized IndianOil outlets.
This means you'll get back the 1% surcharge levied by the fuel station, effectively reducing your fuel cost.
This benefit applies to all transactions exceeding Rs. 100.
Billing Cycle
30 Days