CITI Prestige Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
MakeMyTrip ICICI Bank Credit Card
Bank Name :
ICICI Bank
Type :
Travel Credit Card
Interest Rate :
3.40%p.m. 40.80%p.a.
Eligibility :
You must be at least 21 years old.
You must have an Indian or multinational bank’s savings or current account in India.
You must have a good credit score.
You must have a personal annual income of at least Rs. 25,00,000.
Pros
Welcome Benefit: 2,500 bonus points and benefits worth Rs. 10,000 from ITC/Taj.
Reward System: Users will be awarded a minimum of 1 reward point on every ₹ 100 spent on online and in-store purchases. 1 point = 1 INR. Effective cashback rate: 1%. Users can earn 5x ThankYou points on flights booked directly with airlines or on select car rentals booked through Citi.
4 complimentary golf rounds & golf lessons every year at over 15 leading golf clubs in India.
Users will get complimentary fraud insurance of INR 10,00,000 with your Citi Prestige credit card.
Complimentary unlimited Priority Pass lounge access at over 1300 airports for primary as well as supplementary card members.
Cons
High annual fee: The $550 annual fee can be a significant drawback for some applicants.
Credit score requirements: This card requires a good or excellent credit score for approval.
Foreign transaction fees: A 3% foreign transaction fee applies to purchases made outside the US.
Complex rewards program: Understanding the earning and redemption structure for ThankYou® Points can be confusing.
Benefits limitations: Some benefits, like the travel credit and airport transfers, have specific requirements and usage limitations.
Pros & Cons
Welcome Benefits
Customers get a welcome gift of 2,500 bonus points and benefits worth Rs. 10,000 from ITC/Taj.
Rewards System
Reward System: Users will be awarded a minimum of 1 reward point on every ₹ 100 spent on online and in-store purchases. 1 point = 1 INR. Effective cashback rate: 1%. Users can earn 5x ThankYou points on flights booked directly with airlines or on select car rentals booked through Citi.
International Forex Markup
3.4% of the transaction amount on all purchases made in a foreign currency, including cash advances.
Welcome Benefits and Reward System
Special Features
Complimentary unlimited Priority Pass lounge access at over 1300 airports for primary as well as supplementary card members.
Eligibility Criteria
You must be at least 21 years old.
You must have an Indian or multinational bank’s savings or current account in India.
You must have a good credit score.
You must have a personal annual income of at least Rs. 25,00,000.
Benefits
Welcome benefits.
Complimentary Golf games.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the Citibank India website: Find the CITI Prestige Credit Card and click "Apply Now."
Enter your basic information: Name, address, date of birth, contact details.
Provide financial information: Income, employment, PAN number.
Review and submit application: Carefully review all details before submitting.
Document verification: Citibank may request document verification for income and address proof.
Approval and card issuance: You'll receive a notification about your application status within a few days. If approved, your card will be mailed within a week.
Contact Details
'+91-22-49181050 or Toll free 1-800-419-1050.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: 2,500 bonus points and benefits worth Rs. 10,000 from ITC/Taj.
Reward System: Users will be awarded a minimum of 1 reward point on every ₹ 100 spent on online and in-store purchases. 1 point = 1 INR. Effective cashback rate: 1%. Users can earn 5x ThankYou points on flights booked directly with airlines or on select car rentals booked through Citi.
4 complimentary golf rounds & golf lessons every year at over 15 leading golf clubs in India.
Users will get complimentary fraud insurance of INR 10,00,000 with your Citi Prestige credit card.
Complimentary unlimited Priority Pass lounge access at over 1300 airports for primary as well as supplementary card members.
High annual fee: The $550 annual fee can be a significant drawback for some applicants.
Credit score requirements: This card requires a good or excellent credit score for approval.
Foreign transaction fees: A 3% foreign transaction fee applies to purchases made outside the US.
Complex rewards program: Understanding the earning and redemption structure for ThankYou® Points can be confusing.
Benefits limitations: Some benefits, like the travel credit and airport transfers, have specific requirements and usage limitations.
The CITI Prestige Credit Card is a premium card for seasoned travelers and lifestyle enthusiasts who appreciate luxury travel perks, high miles earning on key categories, and additional lifestyle benefits. However, the high annual fee requires careful consideration and ensuring you can maximize the card's potential to justify the cost.
CITI Prestige Credit Card
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
Joining Fees: INR 20,000 + GST
Foreign Transaction Fee: 3.4% of the transaction amount on all purchases made in a foreign currency, including cash advances.
Cash Advance Fee: 2.5% of the withdrawn amount (minimum ₹300) when withdrawing cash using your card in India or abroad.
Late Payment Fee: ₹100 minimum or 5% of the outstanding balance (whichever is higher) for payment delays exceeding 5 days.
Interest charges: 3.75% (45% annualized).
Fuel Surcharge
1% fuel surcharge reversal at authorized IndianOil outlets.
Billing Cycle
30 Days