Citibank Credit Card Benefits :- Citibank India or Citi India is a subsidiary of Citigroup, a US-based multinational financial conglomerate. Citi India has been operational since 1902 and was one of the first banks in India to offer modern financial solutions including ATMs, credit cards, internet banking etc. Rs 2.18 lakh crore (as of March 2020), making it the 23rd largest bank in the country in terms of assets.
Citi Bank entered the credit card business in India between 1990 and 1995, becoming the first credit card issuer in the country. Recently, in April 2021, Citibank announced that it would exit the retail banking business in 13 countries, including India. However, the bank assured that it will continue to serve its customers like before. The bank also assured that it will not shut down its operations in India, but will instead look for a potential buyer to sell its retail business in the country.
As far as credit card business is concerned, despite having a total of eight credit cards in its portfolio, it is one of the most popular credit card issuers in India. As of November 2021, Citibank is the sixth largest credit card issuer in the country, with over 26 lakh active credit cards.
Among foreign card issuers, Citibank has the largest market share, followed by American Express with more than 1.4 million active credit cards. Although Citibank has a market share of less than 4% in terms of number of credit cards (about 3.7%), their market share in terms of transaction value is more than 4.6%. If you want to know about Citibank credit card benefits then here is a list of some popular Citibank credit cards.
Citibank Credit Card Benefits
Citi Rewards Credit Card
Joining Fee: Rs. Taxes applicable above Rs 1,000 (Complimentary for Citibank Suvidha account holders)
It is a reward point based shopping credit card. You earn in this-
- 10 Reward Points per Rs.125 Spent on apparel and departmental stores.
- 4 extra reward points per Rs 125 On Amazon, Flipkart & Myntra.
- 1 reward point per Rs 125 On all other expenses.
300 bonus reward points on achieving the milestone of spending Rs. 30,000 or more in a month.
Citi Rewards Credit Card aims to provide its customers with attractive rewards offers across a range of categories. With a joining fee of Rs 1,000, the card gives you an amazing opportunity to earn up to 2,500 Bonus Reward Points as welcome benefit. You earn 1 Reward Point on every Rs.125 and 10x Reward Points on purchases made at Apparel and Departmental stores. Not only this, you can also earn bonus reward points every month by spending Rs 30,000 or more in a month.
These reward points can be redeemed for different categories including fuel, airmiles, cashback etc. The nominal annual fee for the card is Rs. ₹1,000, which can be waived off on spending Rs 30,000 or more in an anniversary year.
Citi Cash Back Credit Card
Joining Fee: Rs. ₹500 (plus applicable taxes)
Citi Cash Back Credit Card issued by Citibank is a card offering exciting cashback offers to its customers. With this card, you get assured cashback of 0.5% on all your spends, and you get instant cashback (5%) on movie ticket bookings, telephone bill payments and utility bill payments.
Not only this, but this card allows you to save on a lot of other spends, like up to 20% off on dining, up to 10% off on flight bookings through MakeMyTrip, special discount offers on hotel bookings, etc. . The cashback redemption process is hassle free as the cashback earned by you is automatically credited to your account in multiples of 500.
IndianOil Citi Credit Card
Joining Fee: Rs. ₹1,000 (plus applicable taxes)
Citibank’s IndianOil Citi Credit Card is a co-branded credit card that comes with exciting reward offers in partnership with Indian Oil Corporation Limited.
HDFC Bank also offers a similar credit card named Indian Oil HDFC Bank Credit Card, which gives higher competition to this card offered by Citi Bank.
The card comes with a very nominal joining fee and lets you earn up to 71 liters of free fuel in a year. The card rewards you with Turbo Points.
You get 250 Turbo Points as welcome gift on making your first transaction. Additionally, you earn 1 Turbo Point for every Rs 150 spent on all your purchases, and instant reward points for your spends on groceries, departmental stores and fuel purchases at IndianOil outlets.
Citibank PremierMiles Credit Card
Joining Fee: Rs. ₹3,000 plus applicable taxes (complimentary for Citi Gold account holders)
The Citibank Premier Miles Credit Card is one of the best offerings in the Indian credit card market in the travel category. If you’re a frequent flier (especially a frequent flier domestically), you can’t go wrong with this card.
This is a rewards points-based card, you earn reward points in the form of airmiles (or just miles). Although these miles can be redeemed for multiple shopping purposes, you get more value on redemption against flight/hotel bookings on partner airlines/hotel chains or Citibank’s PremierMiles portal. These miles can also be transferred to other airlines/hotel loyalty programmes.
Citibank gives you 10,000 miles as a signup benefit and 3000 miles every year on renewal of your card membership.
You earn 10 miles for every Rs 100 spent on flight bookings or the bank’s PremierMiles portal. All other transactions earn you 4 miles per Rs.100 spent. Other travel benefits include 32 domestic lounge visits every year with the Visa Signature variant and 24 domestic lounge visits every year with the Mastercard variant. However, you do not get any international lounge access with this credit card.
Citibank Prestige Credit Card
Joining Fee: Rs. Rs.20,000 (plus applicable taxes)
Citi Prestige Credit Card is a super premium travel and lifestyle credit card by Citibank. Although it offers very good rewards rates on retail purchases, we still consider it primarily a travel credit card that targets frequent fliers because the rewards redemption rates are comparable to rewards in partner airlines’ AirMiles programs (1). Highest on transfer of points. Reward points = 4 airmiles).
On top of this you also get a number of other travel benefits; Be it a welcome gift from Taj Group and ITC hotels or a complimentary extra night stay at any hotel across the world, the travel benefits offered by the Citi Prestige Credit Card are unparalleled.
You also get a complimentary Priority Pass membership with unlimited domestic and international lounge access worldwide for both primary and addon card holds, read on to know more about this credit card
It is a rewards points based card and you earn-
- 1 reward point on every Rs 100 spent on domestic spending.
- 2 reward points for every Rs 100 spent on international spend.
- You also get 2,500 reward points and vouchers worth Rs 10,000 from ITC and Taj Group hotels.
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