Citibank is now India’s one of the finest and most profitable banks, which serves more than a crore happy consumers over the decades. But when we talk about its credit card service, then we have to think about it twice. But it doesn’t mean that the service or profitability of their cards is less. Here, Citibank does not launch too many credit cards compared to Axis Bank, ICICI Bank, HDFC Bank, State Bank of India, etc., many more.
Citibank provides a credit card service to understand their consumers’ needs, which is a real value for money cards. The name of this card is Citibank rewards credit card. Here in this article, we will discuss this card’s features, benefits, fees, and charges, etc. many more. So if you are curious to know all the necessary information, you have to carefully read this article. This article will help you if you one to issue this card now or in the future.
Key Features And Highlights
This is now India’s one of the best credit cards, which provides you more than enough rewards by using this. It is truly a reward credit card where the reward points are never going to expire. We often see that the reward points that you earned by using a credit card expire after a certain period of time. But in this card’s case, there is no such time limitation to spend your reward points. This is probably one of the best features of this card that make it different and better than other credit cards in its price segment.
You can apply for this card by just paying 1000 rupees annually. Besides this, you get 1500 bonus reward points in time of joining the service. On every Rs. 125/- spent, you get 1 reward point which is quite impressive. Now you can check the below table for your better understanding.
As it is a credit card which is specially made for giving rewards, then it’s quite interesting to know about the rewards points provided by it. The company starts to give you reward points from the joining of your service. They provide you with 1500 reward points as a welcome gift when you use this card within the first thirty days of joining the service. This feature is actually very much impressive.
In every spent of Rs. 125.00, you get 1 reward point. When you use this card on apparel and departmental store, you get 10 reward points per Rs. 125 that you have spent. Besides all of this, the best part of this card is that this card’s rewards points never expired with time. If you got the reward point, it’s valid up to that card’s entire lifetime. But in other cases, the card company doesn’t provide you that many facilities. In most of the cards, the reward points become expire in a certain period of time.
But here is one term that you have to know before issuing this card because you will get 10x reward points on the apparel and the departmental store, where the limit is Rs. 7000/- per month. That means you only get 10x reward points up to the spend of Rs. 7000 and after it, you will earn 1 reward point when you spend Rs. 125 in your requirement.
Now you also check this below table. If you have missed anything from the table, you will understand it very easily.
What Makes Card Better From Other Credit Cards?
Before going to any comparison, at first, we have to understand the usage and the purpose of this card. This card is basically made for giving reward points on customers’ daily spends. This card is not launched for any International spending, airport lounge free access, or something like that. So, in a word, this card basically provides you rewards points in your daily spends. Besides this, the reward points you earn are never expired, which makes this Citibank rewards credit card better than the other reward credit cards available in the market.
Who Should Opt For This Credit Card?
If you want to apply for this card, your age should be 25 years or more than 25 years. If you are a salaried person, then your maximum age limit is 60. But if you are a self-employed person, then your maximum age limit is 65 years.
Benefits And Features
Let’s discuss the feature and benefits of Citibank rewards credit card. This card doesn’t provide you with too many features or benefits as the other credit cards give you. As it’s a basic reward credit card, that’s why it only provides you reward points. But here, the reward points are actually worth more than enough.
The company only charges you Rs. 1000/- as the annual fee. It’s also waived off if you spend Rs. 30,000 in one year.
Here are the full details of the benefits that are provided by the company after using this card.
1. Welcome Offer
You will get 1500 reward points on your first transaction using this card within the first 30 days of the issue.
2. Promotion Offers
Besides the welcome bonus, you get 1000 reward points on spending Rs.1000 within the first 60 days. Here the 1000 reward points give the value of Rs. 350, which is quite good.
If you spend Rs. 30000 or more in a month, then you get 300 reward points whose value is Rs.105.
3. Reward Rate
The company provides you 0.28%-0.28% of the reward rate, which is also called accelerated reward points.
4. Foreign Exchange Markup Fee
If you have this card, you have to pay 3.5% and additional GST (as per Govt. of India) for the foreign exchange markup fee.
5. Annual Fee Waiver
The company charged Rs. 1000 as the annual fee. But if your annual transaction is 30,000 or more than Rs. 30,000, then you get the waiver on the annual fee that you have to pay.
6. Special Feature
You get 1000 bonus points on card spends of Rs. 1, 00,000 or more in a calendar quarter in this feature.
7. Redeeming Points In Citibank Rewards Credit Card
Accelerated reward point: When you spend Rs 125 in apparel and department stores, you earn 10 reward points.
1 reward point: Here, you get Rs 0.35 for cash against the credit card statement.
8. Discount In Hotels And Restaurant
You can get up to a 15% discount on the partnered hotel and restaurant around the whole of India. Besides this, you can get a 50% discount on EazyDiner prime annual subscription and also get 2x reward points on EazyDiner.
9. Waiver On Fuel Surcharge
This card also provides you with a waiver on your fuel transactions. If you use this card on your fuel transaction, you get a 1% waiver on your fuel surcharge.
Besides this, here you get reward points which are the value of Rs. 0.25.
Fees And Charges
The only fee that you have to pay is the annual fees of Rs. 1000. It’s also waived off if you spend more than Rs. 30000 in a year.
Now you check the following table to discuss all kinds of fees and charges that the company provides you or have to pay the company.
Eligibility Criteria and Required Documents
So, the eligibility criteria and required documents are fundamental for applying for this card. In the following two tables, we talk about the eligibility criteria and required documents.
How To Apply For Credit Card?
The application process of this is very simple. You can apply it online and offline both. If you want to apply online, you have to visit Citibank’s official website to get the option of the application. Now, you have to fill the form with the proper information. That’s it. After that, the bank officials directly contact you for further process.
If you want to apply it offline, then visit the nearest branch of Citibank. Here the officials will help you regarding the application process.
Frequently Asked Questions
1. What are the concierge services provided by this card?
The credit card’s personal concierge service offers help with sending flowers, planning parties, making various reservations, travel assistance, etc.
2. How do I contact Citibank for any query regarding my credit card?
You have to contact directly with the customer service of this card. For this, you can dial 1860 210 2484.
3. Am I eligible to get bonus reward points upon acquiring a Citi Rewards Credit Card?
Yes, you get 1,500 bonus points on the first-spend made within 30 days of card issue, and 1,000 bonus points on your first Rs.1,000 spend made within 60 days of card issuance.
Cards Similar To This Credit Card
If you do not like or afford this card, then you should go for the following one. These are almost the same as this reward card and provide more or less the same feature and benefits in that price segment.
So, these are the complete details and review of the Citibank rewards credit card. If you are a daily basis spender, then this card is perfect for you. Though there are some cons, this card is very much helpful for common people. I hope you all understand all the points mentioned above and get the answers to your questions.
That’s all for today. Stay tuned with us for getting such interesting card reviews.