Citibank Credit Card

Home Credit Card Citibank Credit Card

About

You need not spend more on your credit cards to earn reward points when you can get them quickly with your Citi Rewards Credit Card. If earning these points is easy, redeeming them is more comfortable as you have attractive travel options, premium merchandise, and many more. Apply for your Citi Rewards Credit card and start earning more rewards with every rupee you spend.

Features

  • 1,500 bonus reward points on first purchase done within 30 days of card issuance
  • 1,000 bonus reward points on first spend of 1,000, done within 60 days of card issuance
  • 300 bonus reward points on spending 30,000 or more in a month
  • Reward points never expire

About

Flying for free is now possible with the Citi PremierMiles Credit card. You can choose from over 100 airlines to fly anywhere around the world. Frequent flyers can have a great time earning miles on every rupee they spend. You can also redeem your reward points for hotel bookings.

Features

  • Miles redeemable across 100+ domestic & international airlines
  • 10,000 Miles on first spend of 1,000 or more within 60 days of card issuance
  • 3,000 Miles on card renewal

About

Paying your bills has never been so easy and laden with benefits. Use your Citi Cash Back Credit Card not only to pay your bills but also earn handsome cash back discounts. Putting some cash back into your wallet should be one of the best reasons to opt for this credit card.

Features

  • 5% cashback on movie tickets
  • 5% cashback on all your telephone bills
  • 5% cashback on utility bills
  • 0.5% cashback on all other spends

Citibank IFSC Code

IFSC is a code created and issued by RBI comprising of 11 unique digits. The code signifies the city code, bank number and branch code. The mechanism was invented to simplify the process of transferring funds between the banks. The IFSC readers read the IFSC and identify the respective bank before initiating the transfer. All the transfers are done with the help of IFSC that reduces the cost, time and efforts of both, banks and customers.

About

Experience the fastest way to get free fuel with the Indian Oil Platinum Credit Card. You earn points when you use the Credit Card and enjoy savings when you refuel. You also earn on every spend on the card. You get 250 worth of activation benefits when you apply for your Indian Oil Platinum Credit card before 30th June 2018.

Features

  • Free fuel worth 250 on your first spend
  • 2.5% fuel surcharge waiver
  • 4 Turbo Points on spending every 150 spent on fuel at Indian Oil outlets
  • 200 bonus Turbo Points on every additional Credit Card

Fee and Interest Rates

  • APR - 42%
  • Annual Fee and Renewal Fee - 
    • 0 on spending 30,000 or more in a membership year
    • 1,000 on spending less than 30,000 in a membership year

Features

  • Spend 125 at apparel and department stores and earn 10 reward points
  • Every 125 spent on other purchases with this card earns you 1 reward point
  • Your first expense on this credit card within 30 days of issuance of the card earns you 1,500 bonus points.
  • Spend 1,000 on your credit card within 60 days of issuance and get 1,000 bonus points.
  • You get a bonus of 300 reward points on spending 30,000 or more in a month.

Fee and Interest Rates

  • APR - 39%
  • Annual Fee and Renewal Fee - 
    • 0 on spending 30,000 or more in a membership year
    • 1,000 on spending less than 30,000 in a membership year

Features

  • Spend 100 and earn 10 miles on all airline transactions at the website www.premiermiles.co.in.
  • Earn 10 miles on every 100 you spend on travel as well as stay booked at www.premiermiles.co.in.
  • For all other expenditure, get 4 miles for every 100
  • Redeem these reward points across more than 100 domestic and international airlines

Fee and Interest Rates

  • APR - 37.20% - 42%
  • Annual Fee - 
    • 1st Year - 3,000
    • 2nd Year onwards - 3,000 (Complimentary for Citigold clients)First year fee waived for Citi Priority clients

Features

  • You have the benefit of making a contactless payment at merchant terminals where you can tap and pay for purchases up to 2,000 without entering your PIN
  • Enjoy watching the latest movies as you get 5% cash back on all movie ticket purchases
  • Talk as much as your heart desires on the phone because you get 5% cash back on your telephone bill payments
  • Use the Citibank Online Bill Pay system and get up to 5% cash back on your utility bill payments
  • An annual card fee of 500 is one of the lowest in the industry

Fee and Interest Rates

  • 37.20% - 42%
  • Annual Fee- 
    • 1st Year - 500
    • 2nd Year onwards - 500

About Citibank

CitiBank initiated its operations in India in 1902 and became a significant foreign investor in the Indian Financial market. In these years CitiBank has played an important role in creating market intermediaries including depositories, credit bureau, clearing and payment institutions. CitiBank is one of the popular banks offering net banking services including funds deposit and transfers. The bank supports popular funds transfer medium such as IMPS, NEFT and RTGS subject to certain limit on the amount. The smooth exchange of funds is initiated by the bank with the help of significant banking technology of IFSC.

Features

  • This credit card enables you to get up to 71 litres of free fuel every year.
    • Spend 150 on fuel at authorised Indian Oil outlets and get 4 Turbo Points
    • Also, get a complete waiver of the 1% fuel surcharge at these authorised Indian Oil outlets
  • An expense of 150 on grocery and at supermarkets gets you 2 Turbo Points
  • Shop, dine and spend 150 anywhere to get 1 Turbo Point
  • Avail the welcome benefit worth 250
  • You can make contact less payments with this Credit Card

Documentation

  • KYC - Address proof, PAN, ID Proof
  • One passport-sized photograph
  • Salary slip
  • Form 16

Special Offers

  • Dining at participating restaurants gets you discounts up to 15%
  • Split up your repayments into easy EMI options available at more than 2,000 leading retail chains and e-retailers
  • Your Citi rewards points never expire

Documentation

  • KYC - Address proof, PAN, ID Proof
  • One passport-sized photograph
  • Salary slip
  • Form 16

Special Offers

  • Get bonus 10,000 miles with your first booking of 1,000 or more on your Citi PremierMilescard within the initial 60 days after the issuance of the card
  • On renewal of the card, get an additional 3,000 bonus miles
  • Earn accelerated 10 miles on every 100 you spend on booking flight tickets and hotels at www.premiermiles.co.in
  • The best aspect of this card is that the miles never expire. You can redeem your miles for flights without blackout dates.
  • Frequent flyers have the advantage of earning 10 miles per 100 in addition to the FFP (Frequent Flyer Program) miles for flying that airline.
  • You can transfer your miles to airline partners in the ratio 2:1 Transferring to hotel partners is also possible.
  • You get complimentary access to all airport lounges in India. You can also enjoy light refreshments and business facilities at these airports.
  • Get air accident insurance cover of up to 1 Crore

Documentation

  • KYC - Address proof, PAN, ID Proof
  • One passport-sized photograph
  • Salary slip
  • Form 16

Special Offers

  • Look for the Contactless symbol on your merchant's terminal and use the easiest way to make your payment. Tap your card and pay bills up to 2,000 without entering your PIN.
  • 5% cashback on all your utility spending, telephone bill payment, movie tickets and 0.5% cash back on all other types of expenditure makes it an attractive card to have.
  • Explore the easiest and hassle-free way of redeeming your cash back as a statement credit. You can do so in multiples of 500.

Documentation

  • KYC - Address proof, PAN, ID Proof
  • One passport-sized photograph
  • Salary slip
  • Form 16

Finding Citibank IFSC with mymoneymantra

Mymoneymantra is the biggest loan marketplace in India which is known for its credibility and best customer services. The organization has understood the importance of online funds transfers in customers' life and made a unique platform to find bank wise IFSC easily. One way to search for IFSC is the bank's website, however, the other suitable way is mymoneymantra. The information on IFSC has been segregated as per the city, bank and its branches. The IFSC can be easily checked by entering the bank and city name.

Special Offers

  • 1 Turbo Point equals free fuel of 1. You can redeem these points instantly at authorised IOC outlets.
  • Spend 150 on fuel at authorised Indian Oil outlets and get 4 Turbo Points
  • You have a flexible rewards redemption programme that includes facilities like cashback, air miles, shopping, travel, merchandise, and many more.
  • There is no expiry date for your Turbo Points.
  • Dine at the participating restaurants and receive exciting benefits like discounts up to 15%
  • You get exciting offers on leading brands across all categories with Citibank cards.

Fee Details and Waivers

  • Annual fee - 1,000. Spend 30,000 or more on your Citi Rewards Credit Card annually and get a waiver of the annual fee
  • Interest Rate - 3.25% per month. It amounts to 39% per annum. The rate can change periodically depending on your spending habits, payback, and utilisation patterns.

Fee Details and Waivers

  • Annual fee - 3,000. It is payable in the first month after the issuance of the card. Similarly, the renewals are payable at 12-month intervals.
  • Complimentary for Citi Gold clients
  • First-year free for Citi Priority Clients
  • Interest rate - Between 37.20% and 42% per annum
  • It depends on various parameters like your spending habits, credit limit utilisation, and repayment patterns.

Fee Details and Waivers

  • The Citi Cashback Credit Card has one of the lowest annual fees ever at 500. It reflects in your statement for the first month and every 12 months thereafter.
  • The APR ranges between 37.20% and 42%. It depends on your usage and repayment patterns.

Fee Details and Waivers

  • Annual fee - 1,000
  • You get a waiver of this fee ifyou spend more than 30,000 on this card during the previous year.
  • Interest Rate - 3.25% per month. It translates to 39% per annum. It can change periodically depending on your spending habits, payback, and utilisation patterns

Eligibility and Documentation

Eligibility

Check out your eligibility before you apply for the Citi Rewards Credit Card

  • The applicant should be 18 years of age on the date of application
  • Salaried employees are eligible
  • The applicant should earn a minimum salary of 6 Lakhs annual income
  • It is mandatory for the applicant to maintain a savings or a current account in an Indian or multinational bank in India
  • The applicant should have a permanent residential address
  • A good credit score and repayment history is an advantage

Documentation

If all the above conditions are met, you are eligible to apply for the Citi Rewards Credit Card. Visit MyMoneyMantra and compare the best credit card offers before you apply. You can apply for your credit card online, but you need to keep the following documents ready for perusal.

Identity Proof

  • PAN Card
  • Aadhar Card
  • Passport
  • Driving Licence
  • Voter ID

Address Proof

  • Aadhar Card
  • Passport
  • Driving Licence
  • Registered Rent Agreement
  • Gas bill or Electricity bill

Income Proof

  • IT Returns for the previous two years
  • Proof of continuity of Employment/Business
  • If you are self-employed, your business should be running for a minimum of two years
  • Registered Rent Agreement

Eligibility and Documentation

Eligibility

  • You need to be at least 18 years of age to apply for the credit card
  • The applicant should have a minimum income of 6 Lakhs
  • Salaried employees are eligible 
  • You should have a permanent residency in India
  • Have a savings or current account in an Indian or multinational bank in India
  • The applicant should have a good repayment history and credit score

Documentation

You have to apply for your credit card online. But, you must keep these documents ready when the bank representative approaches you to collect your details.

Identity Proof

  • PAN Card
  • Passport
  • Driving Licence
  • Voter?s ID Card

Address Proof

  • Registered Rent Agreement
  • Passport
  • Driving Licence
  • Aadhar Card
  • Ration card
  • Gas/Electricity Bill

Income Proof

  • IT Returns for the previous two years
  • Proof of continuity of business

Eligibility and Documentation

Eligibility

  • You should be at least 18 years of age
  • Salaried employees are eligible
  • The minimum annual income should be 6 lakhs
  • You should prove the continuity of your income
  • Furnishing IT returns for the previous two years should be enough to justify your income
  • Having a savings or current account in an Indian or multinational bank is mandatory
  • The applicant should have a good credit record and impeccable repayment history

Documentation

Identity Proof

  • Passport
  • PAN Card
  • Aadhar Card
  • Voter ID
  • Driving License

Address proof

  • Passport
  • Registered Rent agreement
  • Aadhar Card
  • Gas Bill
  • Driving License
  • Ration Card

Income Proof

  • Previous two years IT returns
  • Prove continuity of business by furnishing GST returns or other tax returns
  • Bank statement for the past six months is enough for salaried employees

Eligibility and Documentation

Eligibility

  • Salaried employees are eligible
  • The applicant should be 18 years of age on the date of application
  • The applicant should earn a minimum of 6 Lakhs annual income
  • The applicant should have a regular source of income for at least one year
  • The applicant should have a permanent residential address
  • It is mandatory for the applicant to maintain a savings or a current account in an Indian or multinational bank in India
  • A good credit score and repayment history is an advantage

Documentation

Once you apply online, the bank sends its representative to collect the documents. Keep these documents ready to enable the bank to process your application quickly.

Identity Proof Documents

        • Aadhar Card
        • PAN Card
        • Passport
        • Driving Licence
        • Voter's ID

Address Proof Documents

        • Registered Rent agreement
        • Passport
        • Aadhar card
        • Driving Licence
        • Ration Card
        • Gas Bill or Electricity Bill
        • Other bank?s latest credit card statement

Income Proof Documents

      • Salary slips of the past two months
      • IT Returns of the previous two years
      • Bank Statement for the past six months
      • Proof of continuity of Business

Frequently Asked Questions

1. Is there a time-frame for the bank to process a credit card application?

The banks have certain formalities to follow. Adherence to KYC norms is one of them. Ascertaining your income level and employment/business profile is another. The banks always like to look at your credit history and repayment record. A credit score in the range of 700 and above is the ideal one for approving a credit card application. However, it is the bank?s discretion whether or not to offer you the credit card. Many banks give instant approval online, but the final decision depends on the perusal of your documents. It could take about 7 to 10 days for processing your Credit Card application.

2. Who will decide the limit for me?

The banks consider various factors before deciding on the limit. They look at your credit history and your income credentials. If you are applying for the credit limit for the first time, the banks offer a small limit. They monitor your account, usage and repayment patterns before deciding on providing a higher limit.

3. Is the Add-on card facility available on this credit card?

Yes, it is available, but there are no separate limits for the add-on Credit Cards. You get a composite statement of account every month.

4. How do I pay my Credit Card bill?

The best way to do so is to have a savings account in the bank that offers you the Credit Card. Fund this account and issue an auto-debit authority to the bank. They will deduct the payment on the due date. Alternatively, you can make the payment online via NEFT, IMPS, Net Banking, Mobile Banking, and other similar methods.

5. Do I have to pay interest on the amounts I spend on the card?

Every credit card comes with an interest-free period ranging between 20 and 50 days depending on the date of billing, payment, and your transaction. If you pay the Credit Card bill in its entirety, there is no need for paying any interest. However, if you choose to pay a sum equal to or more than the Minimum Amount Due of the card, the banks charge interest at the rate of 3.25% per month on the outstanding balance. 

Frequently Asked Questions

1. How do I apply for the credit card?

The easiest way to apply for a credit card is the online method. Compare various credit cards at loan service providers like MyMoneyMantra and apply online. The bank sends its representative to collect the documents. The bank appraises the proposal and decides on merit.

2. How does the bank compute the credit card limit for me?

Your income and repayment capacity play an essential role in the decision-making process. Your credit score is the clinching factor. The banks usually approve a smaller limit in the initial stages. Depending on your credit limit usage and repayment patterns, the banks increase your limit.

3. How can I make the payment of my credit card bills?

You can pay your bills in various ways, both online and offline. The most common online methods are Bill Desk, NEFT, Mobile banking, and net banking. You can also opt for Electronic Clearance System (ECS) or pay by cheque as well.

4. What should I do if I lose my credit card?

Today, you have facilities to block your credit card online. You can also call up the helpline number and block your card thus, preventing its misuse. The bank proceeds to deliver an emergency card replacement. They might charge you for the same as well.

5. Should I pay the entire dues to keep the card live?

No, you can pay the minimum payment due and keep the card live. However, that entails paying interest at the rate in the range of 37.2% to 42% per annum. Thus, it is better to pay the entire balance.

Frequently Asked Questions

1. How much time does it take to get a credit card?

It depends on the documents you provide and your credit history. Banks give instant approvals based on the information you provide online. However, these are not the final approvals. You have to submit photocopies of the documents to the bank. The banks have a robust mechanism in place to check your credit history and repayment record. If you have a good credit score of 700 and above, you can expect your card anytime between 7 and 15 days.

2. How do the banks arrive at my credit limit?

Various factors influence your credit limit. Your income is a significant factor. Your credit report and history is a vital aspect that affects the decision. It is better to have a credit score more than 700 to be eligible for the Credit Card.

3. What is the rate of interest on the credit card?

You have an interest-free period to pay your Credit Card bill. You can pay a proportion of the bill as the minimum payment. Under such circumstances, the credit card issuer can charge interest. Citibank charges between 37.20% and 42% per annum.

4. I need cash. Can I withdraw some money at any time from any ATM?

Yes, you can withdraw cash from any ATM provided you have balance in your Credit Card account. However, note that the bank charges interest rates as mentioned above from the date of withdrawal to the date of payment. 

5. Where can I apply for my Credit Card?

You can apply online after comparing various Credit Card offers from loan service providers like MyMoneyMantra.com.

Frequently Asked Questions

1. What is the ideal credit score for applying for a credit card?

There is no such concept of an ideal score for applying for a credit card. People with adverse scores can also apply. However, banks usually, do not give much cognisance to applicants having a credit score below 700. If it is your first credit card application, banks consider it by approving a smaller limit. It can help build up your credit score. You can apply for a higher limit once you learn to manage your finances.

2. Does applying for a credit card affect my credit score?

Yes, it does. Banks do a hard check whenever they process a credit card application. Every hard check can affect your credit score. Therefore, if you have a credit score on the borderline, it is better not to apply for a credit card unless you improve it.

3. Why are banks so strict when it comes to assessing credit scores?

Credit cards are unsecured loans. The banks do not have any collateral to fall back in case of default on the part of the borrower. Hence, banks are cautious while processing credit card applications.

4. How do I redeem my rewards points on the credit card?

You can redeem them online at the bank website. There are hundreds of redeeming options if you go through the site. In this particular case, you can redeem your reward points at registered IOC outlets.

5. How do I make the credit card bill payments?

You can opt to pay online as well as offline. The online methods include NEFT, IMPS, Net banking, Mobile banking and so on. Similarly, you can authorise your bank to debit your account. You can also pay through cheques or give an ECS mandate. Paying cash across the bank counters is also a standard option.