Citibank

Citibank Credit Card

Apply Citibank Credit Card

About Citibank

Citibank India has its headquarters at Mumbai. It is a subsidiary of Citigroup, New York based multinational financial services corporation. It is the only foreign bank in India with a full service onshore platform in the country. It offers services in investment banking, advisory and transaction services, capital markets, risk management solutions, retail banking and Credit Cards.

It was established in Calcutta in the year 1902. Citibank introduced early innovations such as ATM, Credit Card, 24-hour phone banking, internet banking, and SMS alerts. It is backed by a network of 98 markets across the world. Its clientele consists of corporate houses, multinationals operating in India, SMEs, self-employed entrepreneurs, and individuals.

It offers various financial products and services, such as consumer banking and credit, corporate and investment banking, foreign exchange, Credit Cards, treasury and trade solutions and commercial banking. It is the best performing bank in Indian banking industry with a net NPA level of 0.55% as at 31/3/2018.

A Credit Card is a card issued to the cardholder by the card issuer loaded with a line of credit which can be either used to pay a merchant for goods or withdraw cash when required. In other words, Credit Card is a combination of payment services and extension of credit.

Why Apply for Citibank Credit Card?

There are various reasons to apply for Citibank Credit Card. The top few reasons are:

  • You can have access to quick funds anytime anywhere
  • You have the freedom to choose between credit line and instalment loan or a mix of both
  • Interest will be applied only to the extent of the amount utilised
  • You will earn innumerable reward points for all the transactions made through the card
  • There will be discounts and offers at various outlets for your daily purchases
  • You can apply online for the Credit Card and get instant approval
  • You can get 15% cashback on duty free shopping with Citibank card
  • Cashback of 1,200 on booking domestic flights on MakeMyTrip app with Citibank Card.
  • Cashback of 20% is available on booking domestic flights on Paytm app/website with Citibank Card.

Types of Citibank Credit Cards

Citibank issues different types of Credit Cards to suit individual lifestyle. You can study the features of each card and choose the card that suits your lifestyle while applying for the Credit Card online.

Citi PremierMiles Credit Card

This card is meant for frequent flyers. You earn air miles on all your spending which can be redeemed easily for flights and hotel stay. The card comes at an annual card fee of 3,000. There are a lot of privileges you can enjoy on every use of this card.

  • Earn 10,000 miles on your first transaction of  1,000 or above within 60 days of card issuance and 3,000 miles on renewal of card.
  • Earn 10 miles for every 100 spent on airlines and hotels booked through their exclusive website.
  • Earn 4 miles for every 100 on other spends
  • If you are a member of Frequent Flyer Program (FFP) of any airline, you will earn miles for the ticket purchased @10 miles/ 100 rate using your Citi PremierMiles Card. Also, you will get your regular FFP miles.
  • Get 1 Frequent Flyer Air Mile on transferring every 2 miles on British Airways, Cathay Pacific, Thai Airways, Eva Air, Etihad Airways, Malaysia Airlines, Qatar Airways, Singapore Airlines, Turkish Airlines, and Air India. Miles can also be transferred to the bank's hotel partners.
  • You can redeem air miles earned, across 100 plus international airlines and hotel partners. Their airline partners with 2:1 mile conversion ratio are, Air India, Cathay Pacific, British Airways, Etihad Airways, Eva Airways, Flying Blue (Air France and KLM), Jet Airways, Malaysia Airlines, Qantas, Qatar Airways, Singapore Airlines, Thai Airways, Turkish Airlines and Virgin Atlantic.
  • You will get complimentary access to select airport lounges across India
  • The miles earned will not expire and you can use them whenever you want
  • You will get air accident cover up to 1 Crore and lost card liability cover of 10 Lakhs
  • You will get 15% discount on dining across participating restaurants

IndianOil Citi Platinum Card

This fuel card enables saving not only on fuel but on all your other spends too. You can earn turbo points on all your purchases and more turbo points when you use the card at IndianOil outlets.

  • You will earn 4 turbo points on 150 spent on fuel in IndianOil outlets across the country.
  • 1 turbo point is equal to Re. 1 free fuel.
  • There will be 100% waiver on 1% surcharge on fuel purchase
  • You will earn 2 turbo points on 150 spent at grocery stores and supermarkets
  • You will earn 1 turbo point on 150 spent anywhere else like shopping, dining, and more
  • You can redeem your reward points:
  • For free fuel at 1,200 plus Indian Oil retail outlets across the country
  • Instantly at select merchant outlets and online partners
  • For vouchers across major brands
  • Annual fee will be waived if you spend at least 30,000 annually on your card or else 1,000 fee will be applicable at the end of the membership year.
  • Turbo points will not expire and so you can redeem it whenever you want by accumulating the points for the big redemption.

Citi Rewards Credit Card

A Citibank Rewards Card gets you rewards that never expire. There are a lot of privileges attached to this card.

  • You use the card to shop at apparel and department stores and earn 10 reward points for every 125 spent.
  • You can earn 1 reward point for every 125 spent on all other purchases
  • For the first purchase made within 30 days of the card issue you get 1,500 bonus points
  • The first purchase of 1,000 made within 60 days of card issue will fetch you 1,000 bonus points.
  • Overall you get 2,500 bonus points as a welcome gift
  • If you spend 30,000 or more in a month using the card, you earn bonus reward points of 300.
  • You can accumulate the reward points and redeem whenever you want. The reward points do not have validity period. They can be redeemed anytime.
  • You have the option to redeem the points for premium merchandise or for attractive travel options and for shopping at 700 plus outlets and e-shopping outlets.
  • Over 3,600 offers are available across dining, movies and shopping
  • If you spend over 30,000 on the card in a year, the joining fees will be waived. Or else, a fee of 1,000 will be charged on your card at the end of the year.

Citi Prestige Credit Card

Owning this card means a world of exclusive experience. You will be entitled to a lot of perquisites on using this lifestyle card.

  • You will get 10,000 bonus air miles and vouchers/card worth 10,000 every year from Taj Group or ITC hotels.
  • You can pamper yourself with a one night complimentary stay on minimum booking of 4 nights at exquisite properties across the globe.
  • Unlimited lounge access through complimentary priority pass at over 800 airports for both primary and add-on card members available on using the card.
  • Taj Group has loyalty programs for regular visitors and you can enjoy an elevated status in this program if you use the Citi Prestige Credit Card.
  • You will have access to two annual complimentary luxury airport services and meet and assist services at over 30 international airports within Asia Pacific region.
  • An annual membership fee of 20,000 will be collected for the card
  • Citi Prestige Card is complimentary for Citi gold Private Client customers
  • If the card is linked to Citi gold Private Client account, the annual charges of 20,000 collected on your card will be reversed within 30 days from the fee billing date.
  • For subsequent years the annual fee of 20,000 will be collected and will be reversed in the same billing statement.

Citi Cash Back Credit Card

Spending on monthly utility bills has never been so enjoyable. Get cash back on every bill you pay. Do everything that you have been always doing but with a difference. Now you will be saving on every expenditure using Citi Cash Back Credit Card by way of cash back. Here is the list of offers that you will be interested in:

  • You can just tap and pay up to 2,000 at merchant terminals without using a PIN
  • You get 5% cash back on movie tickets and telephone bill payments with a minimum cap of 100 p.m.
  • Use Citibank online bill pay option to pay utility bills and get cash back of 5% with a minimum cap of 100 p.m.
  • An annual fee of 500 will be charged for the card
  • You can save up to 15% using the card in participating restaurants
  • Leading brands extend exciting offers for Citi Cash Back Credit Card users
  • Easy EMI options available at more than 2,000 consumer, electronics and mobile phones outlets, leading retail chains and e-retailers.
  • The cash back will be credited immediately into your account provided such cash back is above 500. Otherwise the cash back from various offers will be accumulated till the amount totals to 500 and then credited to your account. Cash back credit comes in multiples of 500 only.
  • In the event of the card cancelled or converted to any other card, the accumulated cash back amount will cease to be valid automatically.

First Citizen Citi Credit Card

This card is the best suited for you if you are a shopaholic. You can redeem your points easily on any purchase made at Shopper's stop. Annual fee for the card is 500 which will be waived when you shop for 30,000 or more in a membership year. The additional features of the card are as given below:

  • Every purchase made with the card will fetch you 7 first citizen points per 100 at Shopper's stop for private label brands and 5 points for every other purchase.
  • This card facilitates redemption of points instantly against purchases made at Shoppers Stop. 1 citizen point = 0.60.
  • Welcome benefit in the form of stopper's shop and home stop vouchers is available
  • You can avail complimentary parking at Shoppers Stop

You can get personal concierge services for party planning, hotel booking and more

Common Features for All the Credit Cards

  • Under the Citibank Referral Program, you can earn up to 9,999 by referring your family and friends for the card.
  • This reward money will be credited to you only if the person referred by you applies for the Credit Card within 120 days from the date on which the referral is made.
  • You can get an instant loan against credit or cash limit on your card either by applying online or contacting the customer care team. The eligible loan amount can be over and above the limit also depending on your credit history and various other factors. You can also choose a convenient repayment period. This loan is given with absolutely no documentation. On approval the draft for the amount will reach your residence within 3 days.
  • Any purchase above 2,500 can be converted to EMI
  • The interest rates can vary between 3.10% to 3.25% p.m. depending on various factors. Interest will be charged on the outstanding amount after the interest free period stipulated. If revolving payment is opted then the interest free period will not be considered and interest will be charged for the entire period.
  • Redemption of reward points: You can accumulate reward points and redeem for a host of products and services whenever you want. Reward redemption options are available on the rewards catalogue of Citibank. You can choose from a variety of options like entertainment, apparel, travel, hotel, dining, and so on. You can redeem reward points for vouchers at branded stores. Reward points can be redeemed for air miles if your card supports this facility.
  • Payment of Credit Card bill payment can be made in various ways:
    • By direct debit to account at Citibank
    • By NEFT, RTGS if the credit has to come from some other bank account
    • By E-pay: Citibank E=pay facility enables you to pay online from any other bank account, but payment made through E-pay will be effected only after 2 working days.
    • Payment through ECS is another option. For this you have to provide a mandate for debiting the other bank account.

How to Apply for Citibank Credit Card?

You have to follow 5 simple steps to apply for Citibank Card online and the card will be delivered to your doorstep.

  • Choose a Credit Card listed on their official website according to your lifestyle
  • Fill in the online application with required details and submit
  • Upload required documents for eligibility check and verification and submit
  • After receiving the relevant documents, the card application will be processed
  • On approval the Credit Card and pin will be sent to the address mentioned in your application. You will receive the card and the pin separately.
  • All you have to do is swipe the card to activate it
  • You can also apply online for Citibank Credit Card through MyMoneyMantra

Why Apply for Citibank Credit Card through MyMoneyMantra?

MyMoneyMantra is a one-stop solution for all financial requirements. You can apply for the Citibank Credit Card through MyMoneyMantra to make the whole process seamless and easy. MyMoneyMantra will take care of all the process that is required after filling the application online. For this you have to make use of the digital platform provided by MyMoneyMantra and apply for the card by following some simple steps:

  • To begin with, visit MyMoneyMantra's website and click on the Credit Cards tab
  • Choose Citibank Credit Card to apply or fill in the form online and then choose Citibank as your Credit Card partner.
  • Fill in all the relevant information required for applying for Credit Card
  • Once the filling of the application is complete and process initiated the representative of MyMoneyMantra will contact you and guide you through the process of documentation, and so on, till the approval.
  • On approval the card will be dispatched to your address. Card and the pin will be despatched separately.

Documents for Citibank Credit Card

For Salaried employees

  • Proof of identity: Passport issued by Government of India/ Driving License/ Voter's ID Card/ Aadhaar Card or E-aadhaar)/ NREGA issued Job Card duly signed by an State Government officer (any one).
  • Residence proof: Passport issued by Government of India/ Driving License/ Voter's ID Card/ Aadhaar Card or E-aadhaar)/ NREGA issued Job Card duly signed by an State Government officer (any one).
  • 2 recent salary slips

For Self-Employed

  • Proof of identity: Passport issued by Government of India/ Driving License/ Voter's ID Card/ Aadhaar Card or E-aadhaar)/ NREGA issued Job Card duly signed by an State Government officer (any one).
  • Residence proof: Passport issued by Government of India/ Driving License/ Voter's ID Card/ Aadhaar Card or E-aadhaar)/ NREGA issued Job Card duly signed by an State Government officer (any one).
  • Latest year's ITR with audited financials & computation of income

Eligibility for Citibank Credit Card Loan

Citibank like any other lending institution has set eligibility criteria for availing the Credit Card facility.

  • Applicant can either be salaried or self-employed
  • Applicant should be in the age group between 23 years to 60 years
  • Should have a minimum income of 20,000 p.m. (for salaried) and 5 Lakhs p.a. as per ITR (for self-employed).
  • Applicant should submit income proof, address proof, business proof and Photo ID
  • Credit score should be 750 or above

Factors Affecting the Citibank Credit Card Eligibility

The main factors affecting the eligibility for Citibank Credit Card are as follows:

  • Income: Salaried individuals should be drawing handsome salary and business entities should be making profits at least for past 2 years.
  • Age: Age of the promoters should be between 23 years to 60 years
  • Relationship with the bank: Customers of Citibank can get approval of Credit Card based on their track record. Existing customers will get concession in annual fee, interest and other charges.
  • Loan repayment: Track record plays a pivotal role in assessing the credibility. Prompt repayment of loan instalments and Credit Card dues will give a good track record.
  • Too many loans: Too many existing commitments will decrease your credit score which will make the chances for adding a Credit Card to your wallet bleak.
  • Credit score: The eligibility in terms of repayment capacity of the applicant is determined by the credit score. Nowadays even before verifying the documents credit score is evaluated. Credit score is the scale to judge one's credibility.

Factors Affecting the Credit Score

  • Increased number of unsecured loans: A good mix of secured and unsecured loans is preferred to keep the credit score optimum.
  • Multiple loan applications: Too many enquiries from different banks for loans will reduce the credit score of the applicant. So, one needs to take care not to approach different banks at the same time for a loan.
  • Delayed payments: Delayed EMI payments and Credit Card dues will bring down the credit score. It is always better to aim at paying the EMI and Credit Card dues on time to avoid decline in credit score.
  • Usage of credit limit: Credit Card used wisely will go a long way in keeping your credit score at optimum level. Always aim to limit Credit Card usage up to 60% of the limit and pay the entire dues on the billing due date. This will not only help improve the credit score and also will reduce the cost on the expenses incurred vide the card.

How to Improve Your Citibank Credit Card Eligibility?

  • A clean record: To maintain a clean record you must make the Credit Card payments and loan repayments on time. You should plan your finances meticulously and make available funds on the due dates to maintain prompt repayments month on month.
  • Creditworthiness: CIBIL score is the scale to measure one's creditworthiness. You should keep a track of credit score periodically and ensure that the required level is maintained at all times.

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