CITI Bank Credit Cards June 2024

Citibank Credit Card Features and Benefits

Citibank is the leading credit card issuer in India. Comparatively, even though it issues fewer cards than its rivals, Citibank has a greater share of credit transactions meaning that people spend more using Citibank cards than any other brand. If you have a Citibank credit card, here are some benefits that come along with it:

1. Simple application process: One can easily apply for Citibank credit cards online. The only requirement is to provide residence proof and identification which are basic documents; these can be uploaded conveniently on their website while applying.

2. Different types available: Citibank provides diverse categories of credit cards designed to meet various needs as well as preferences. For example, there are super premium ones such as the Citi Prestige Credit Card or traveling-focused ones like the Citibank PremierMiles Credit Card, but also entry levels like the Citi Rewards Card or Citi Cashback Credit Card, among others.

3. Relaxed eligibility conditions: They have loosened their eligibility criteria, especially for entry-level type cards, including Citirewards and Citi cash back, thus enabling more people to qualify for them easily.

4. Access to lounges at airports: Unlimited domestic and international airport lounge entries are among the offers given by some Citicards which include Citi Prestige Credit Card. Additionally, even locally, one can access these facilities through the use of a Citi PremierMiles Credit Card, hence making travelling more comfortable for holders of these cards.

Citibank Credit Card Rewards and Cashback

1. Citi Rewards Credit Card

• For purchases made at apparel and departmental stores, earn 10 Reward Points for every Rs. 125 spent.
•  Apart from a range of other benefits, you will also receive 4 additional Reward Points for every Rs. 125 spent on Amazon, Flipkart and Myntra.
•  All other spends will be rewarded with 1 Reward Point for every Rs. 125 spent.

2. Citi Cash Back Credit Card

• Get 5% cashback on telephone and utility bill payments, including movie ticket purchases.
• 0.5% cashback will be offered for all transactions done using this card except those mentioned above.

3. First Citizen Citi Credit Card

• Every Rs. 200 spent on Shoppers Stop private brand apparel attracts 14 First Citizen Reward Points.
• 10 First Citizen Reward Points are earned for every Rs. 200 spent on any other brand at Shoppers Stop.
• All other purchases are eligible for 2 First Citizen Reward Points each time a card is used to make a payment.

4. Citi Prestige Credit Card

• Domestic transactions will earn one Reward Point per Rs. 100 spent locally, while international ones get 2 points.

5. Citibank PremierMiles Credit Card

• Every Rs. 100 spent on airline transactions will earn you 10 Miles.
• 4 Miles can be earned for every Rs. 100 spent on all other transactions through this card.

6. IndianOil Citi Credit Card

• For every Rs. 150 spent on fuel purchases 4 Turbo Points are offered as part of the reward scheme.
• In addition to this, 2 Turbo Points are given out for every Rs. 150 spent at grocery stores and supermarkets nationwide.
• Every other purchase also qualifies for 1 Turbo Point with no limit on the number of turbo points that one can receive in a month.

How To Earn and Redeem Citibank Credit Card Reward Points?

Starting with earning rewards points is just the beginning; the most essential thing is how to spend them. Each bank has different systems for redeeming points. There are those that require you to reach a certain minimum before claiming any reward, while others do not have this provision.

It is important to always note the expiry date of your points since they need to be used up within a given time frame and not lose validity. Moreover, be aware that there could be redemption fees involved depending on where one redeems them from. Therefore, it is advisable to have a plan when using or exhausting reward points.

Online Redemption:

1. Access the Citibank’s Website or App:

• Log in to your online bank account or use your bank’s mobile app.
• Enter your User ID and Password to access your account.
• Navigate to the rewards or points redemption section in your account.

2. Browse Catalogue and Redeem Points:

• Browse through the catalogue of available rewards or points redemption options.
• Select the item or service you wish to redeem your points for.
• Follow the prompts to complete the redemption process.

Phone Redemption:

1. Contact Customer Care:

• Dial the Customer Care number provided by your bank.
• Follow the automated prompts or speak with a customer service representative.

2. Provide Account Information:

• Verify your identity by providing your account details and personal information.
• Request to redeem your points and specify the item or service you wish to redeem them for.

Store Redemption:

1. Visit Partner Store:

• Identify stores that have a direct tie-up or partnership with your bank for points redemption.

2. Select Item and Redeem Points:

• Choose the item or service you wish to redeem your points for directly in the store.
• Provide your bank’s credit or debit card details or any other required identification to process the redemption.

Citibank Credit Card Eligibility Criteria

• Credit Score: Preferably above 750
• Minimum Age Requirement: 18 years
• Maximum Age Requirement: 60-65 years
• Income Requirement: Stable monthly/annual income
• Employment: Salaried or Self-employed

Documents Required

Identity Proof (any one):

• Aadhaar Card
• Driving License
• Voter’s ID
• PAN Card
• Passport

Address Proof (any one):

• Aadhaar Card
•  Passport
•  Utility Bills (not more than 3 months old)
• Any other government-approved ID

Income Proof (any one):

• Bank Statement or salary slip of the last 3 months
• Last 2 years’ audited financial report

Citibank Credit Card Annual Fees and Charges

The annual fee is a significant factor that varies among different credit cards. Those with higher incomes may prefer premium cards with higher annual fees, while those with average incomes might opt for cards with lower annual fees. Below is a breakdown of the annual fees for all AU Bank Credit Cards:

1. Citi Rewards Credit Card:

Annual fee:

Rs. 1,000 plus applicable taxes (complimentary for Citibank Suvidha account holders)

2. Citi Cashback Credit Card:

Annual fee:

Rs. 500 plus applicable taxes

3. Indian Oil Citi Credit Card:

Annual Fee:

Rs. 1,000 plus applicable taxes

4. Citibank PremierMiles Credit Card:

Annual Fee:

Rs. Rs. 3,000 plus applicable taxes (complimentary for CitiGold account holders)

5. Citibank Prestige Credit Card:

Annual Fee:

Rs. 20,000 plus applicable taxes

6. First Citizen Citi Credit Card:

Annual Fee:

Rs. 500 plus applicable taxes

Other Fees & Charges

1. Late Payment Charges:

• If the total payment due is up to Rs. 2,000: Rs. 300
• If the total payment due is between Rs. 2,001 and Rs. 25,000: Rs. 600
• If the total payment due exceeds Rs. 25,000: Rs. 950

2. Overlimit Charges:

• 2.5% of the over-limit amount (minimum Rs. 500)

3. Cash Advance Fees:

• 2.5% of the withdrawn amount or Rs. 500, whichever is higher

4. Interest Rates:

•  Up to 3.75% per month (45% per annum) on unpaid balances

5. Foreign Currency Transaction Fee:

• 3.5% of the transaction amount

6. Card Replacement Fee:

• Rs. 100 for card replacement in India
• Rs. 1,000 for card replacement outside India

How To Activate Citibank Credit Cards?

Follow the steps:

Mobile Banking

• Step 1: Activation is instant, and you generally get a confirmation SMS.
• Step 2: Download the “Citibank SG” mobile app from the App Store or Google Play.
• Step 3: Tap “Activate card” and follow the instructions, or tap on your card under the Profile menu.
• Step 4: Select “Activate now.”.

After completing these steps, you will be able to generate a PIN to activate your credit card.

Internet Banking

• Step 1: Visit www.citibank.com.sg from your computer, laptop, or tablet.
• Step 2: Log in with your User ID and Password.’
• Step 3: Under “Services,” go to “My Profile.”
• Step 4: Click on “Card Activation” and follow the on-screen instructions.

By following these steps, you can easily manage the activation of your Citi cards through various convenient channels available anytime, anywhere.

Citibank Credit Cards Login/Net Banking

Login

 For New Customers:

• Step 1 : Acquire User ID and Internet Password (IPIN): Go to Citibank website then click on the new customers section. Complete the required information so as to get a User ID and IPIN.
• Step 2 : Create a 4-digit Card PIN: After getting your User ID and IPIN, log into your account and set up a 4-digit Card PIN for making purchases and carrying out transactions over the internet.

 For Existing Customers:

•  Step 1: Login with Existing Details: Use your current User ID and IPIN to log in to your Citibank account. If you’ve forgotten your details, proceed to reset them.

Net Banking:

For New Citi Credit Card Holders:

• Step 1 : Visit Citibank Website: Go to the Citibank website and locate the section for new credit card customers.
• Step 2 : Generate New Login Details: Click on the link to generate new login details, fill in the required product information, authenticate with OTP, select a User ID and IPIN, and set up a 4-digit Card PIN for online transactions.

For Existing Customers:

• Use Existing Login Details: Login to Citibank net banking using your current User ID and IPIN. These details are typically the same as those used for your credit card account.

For any further assistance or detailed instructions, you can always refer to the official Citibank India website.

How To Compare Citibank Credit Cards & Choose The Best One?

1. Determine Your Lifestyle: To pick out the perfect Citi credit card for you, analyse your lifestyle and spending habits. Where do most of your expenses go? Groceries, dining, travel or any specific category? Think about these questions.

2. Discover Reward Programs: Learn about Citibank cards that have rewards programs, sign-up bonuses and other benefits which match what you like and how you spend money. Some may include cash-back offers, earning airline miles for every dollar spent, and shopping discounts at certain stores, among others

3. Understand Redemption Options: Different Citibank credit cards provide different avenues for customers to redeem their points. Some people would love getting fuel purchases at lower prices per litre, while others prefer having cash deposited into their accounts. On the other hand, one can exchange earned points with gift vouchers from various town outlets that they like most. Go for the option that aligns with your taste the most.

4. Take Note Of Charges And Fees: Before settling for any card, compare its annual fee and other related charges against similar products within Citigroup’s stable so that not only do you get maximum returns on expenditure but also keep everything within manageable limits and personal financial capabilities. Look out for introductory offers or first-year annual fee waivers.

Steps to Compare Citibank Credit Cards on the official website

• Step 1: After thinking about all of these things, pick three different cards based on the categories that interest you the most, in that order. Make sure that each card meets the needs of people with different spending and living habits.
• Step 2: When you only have a few choices left, click “Compare Now” to see all the information about these cards at once, including their sign-up bonuses, points programs, redemption options, fees, and benefits. This will help you make a smart choice.
• Step 3: Having gone through different types of this product while matching them against each other, select “Apply Now” to enter the amazing world of Citi Credit Cards, where there are some great deals awaiting you.

Conclusion

Overall, Citibank credit cards are designed for different lifestyles and come with a range of rewards, such as cashback and travel benefits that are reliable and safe. These cards offer more than just convenience but also financial freedom because you can decide what you need based on your spending patterns, simultaneously finding out more about your likes or dislikes. When it comes to managing your account, things have been made a lot easier through mobile banking and internet banking, which can be accessed from the comfort of your home.

FAQs