Must Knows

Citibank Credit Card: All you need to know

[ecis2016.org] You can apply for a Citibank credit card online by visiting the official website of the bank. Here’s all you need to know.

Citibank is a multinational bank formed in 1998, with its headquarters in New York. Under its expansion project, Citibank became one of the vital banking institutions in India, with above 45 branches in 28 cities. It is one of nine global investment banks providing services like wealth management, private banking, consumer and corporate banking, equity brokerage, and investment banking. One of the financial services that Citibank provides is its credit card service.

A credit card allows people to spend money vicariously through a bank. It is one of the tools that help you buy assets during a cash crunch. A credit card helps in establishing your credibility to the bank. If you use credit cards and pay your due regularly, your credit score will improve; thus, your borrowing power will increase. Citibank has over 2.3 million credit card users and has become a strong player in the lender market.

What are the benefits of a Citibank credit card?

  • You can always have cash to spare for your immediate expenses.
  • You can use the card in every Citibank EPOS and ATM to withdraw cash.
  • Seamless online purchases and transactions.
  • You can improve your credit score through timely dues payment.
  • Banks provide interest-free EMI (Easy Monthly Instalment) period for payment.

How to apply for Citibank’s credit card?

  1. Visit the Citibank website and click on the credit card tab.
  2. Select the appropriate credit card you wish to apply for.
  3. Click on the ‘apply now’ option.
  4. Fill in your contact details, personal details, professional details, and address in the application form.
  5. Share your PAN number in the form while applying.

How to apply for Citibank’s credit card offline?

Reach out to your nearest Citibank branch and ask an appropriate employee to issue a credit card under your account. You will need to fill out a required form with your personal, income, and residential details. If you match the criteria mentioned for that particular credit card scheme, the bank will issue a credit card to you.

Different types of Credit cards issued by Citibank

Citi Rewards Credit Cards

  • You can earn 10x rewards points or Rs 1.25 spent on departmental and apparel stores (online or instore).
  • You will earn a minimum of 1 reward point on every 125 rupees spent through this card.
  • If you spend more than 30,000 rupees in a month, you will earn 300 reward points.
  • You can redeem these points at 700 outlets and e-shopping sites via SMS.
  • You can keep saving your points because they will not expire until you spend them.

Documents required

  • Identity proof: Aadhaar card, PAN card
  • Proof of Address: Aadhaar card, Passport
  • Proof of income: Salary slips and ITR (self-employed)

Citi Cash Bank Credit Card

  • You can earn 5% cash back on the purchases of phone, utility bills and movie ticket
  • You will earn 0.5% cashback on purchasing apparel, shoes, etc.
  • Auto crediting of cashback in multiples of 500 rupees
  • Your reward points will not expire until you use them.

Documents required

  • Identity Proof: Aadhaar card, PAN card
  • Address proof: Aadhaar card, Passport
  • Income Proof: Salary Slip or ITR (Self-employed) 

IndianOil Citi Credit Card

  • You will earn 4 turbo points on filling fuel worth rupees 150 rupees.
  • You will receive a reversal of 1% fuel surcharge at IndianOil fuel station.
  • You will earn 2 turbo points on buying groceries and supermarket products worth 150 rupees.
  • You will earn 1 turbo point on other eligible products worth 150 rupees.
  • You will receive 250 turbo points on your first spending within one month of issuing the card.
  • 1 turbo point is equal to 1 rupee of the fuel bill.

Documents required

  • Identity Proof: Aadhaar card, PAN card
  • Address proof: Aadhaar card, Passport
  • Income Proof: Salary Slip or ITR (Self-employed) 

Citi PremierMiles Credit Card

  • You will earn 10,000 miles within 2 months of your first 1,000 rupees spending 
  • You can earn 10 miles for every 100 rupees spending on premiermiles website or airline websites
  • You can earn 4 miles on spending on things besides airline tickets
  • You can relish complimentary access to the lounge and freedom to choose appropriate flights for your journey. 
  • You will receive air accidental insurance cover worth 1 crore or equivalent and rupees 10 lakhs cover or equivalent on lost card liability
  • You can save upto 20% on selected restaurants

Documents required

  • Identity Proof: Aadhaar card, PAN card
  • Address proof: Aadhaar card, Passport
  • Income Proof: Salary Slip or ITR (Self-employed)

What are the eligibility criteria for issuing a credit card?

Firstly, every credit card has its own criteria bracket that a person needs to fulfil to receive a credit card. However, the below-mentioned eligibility information is common across all cards. Kindly reach out to the back to receive additional details. The eligibility criteria are:

  • The applicant’s age needs to be between 18 and 70
  • The applicant needs to have an acceptable CIBIL score. Please contact your bank to receive your CIBIL score.
  • The applicant must have a permanent source of income. You need to show your payslip or ITR.
  • The applicant must reside in India.

Charges applicable on Citibank credit cards

Charges on withdrawing cash 2.5% of the amount withdrawn or Rs 500, whichever is fewer
Charges on going above limit 2.5% of the amount withdrawn or Rs 500, whichever is fewer
Charges for late payment Upto a balance of Rs 2000 – Nil

Balance between Rs 2000 and Rs 7,500 – Rs 600

Balance between Rs 7,500 and Rs 15,000 – Rs 950

Balance above and equal to Rs 15,000 – Rs 1,300

Cheque bounce or ECS return Rs 500 on every bounce

FAQs

Can I use my Citibank Credit card in foreign countries?

As per the RBI rules, you cannot use Indian-issued credit cards in a foreign land. You will need international cards that serve those purposes.

How do I check my outstanding credit card dues?

Visit the Citibank website and click ‘view account summary’ Then select your credit card from the options Click on ‘balance’ in the summary

Can you add your spouse to your credit card?

Yes, you can add secondary cardholders to your credit card. Moreover, Citibank issues secondary credit cards on your primary card.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Debora Berti

Università degli Studi di Firenze, IT

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