Citi Cash Back Credit Card has been designed to return a portion of spends to the customer. This means that the card works like a normal credit card and allows one to do everything, but with one main difference – it puts some money back in the cardholder’s wallet. The Citi Cash Back Credit Card gives freedom to spend money with the unique benefit of cash rebates.
Best credit cards in India
What are the Features of Citi Cash Back Credit Card
Citi Cash Back credit card aims at customer satisfaction by providing remarkable features. Most of the customers are attracted towards cash back credit cards because they tend to spend less for good products and services. The following are the features of Citi Cash Back credit card.
- Pay without entering the pin at the merchant terminals for purchases up to ₹2,000
- Up to 15% savings across participating restaurants
- Simple redemption policy
- Get redemption in multiple of ₹500
- Get your cash back easily and automatically as statement credit
- Multiple repayment options
What are the Benefits of Citi Cash Back Credit Card?
Citi Cash Back credit cards have been rated as one of the top 10 best credit cards as it has many benefits which attracts customers. Following are the benefits of Citi Cash Back credit cards.
The Citi Cash Back credit card offers a bunch of benefits, helping customers save while they shop their heart out.
Customers can get 5% cash back on all movie ticket purchases.
Telephone bill payments earn a cashback of 5%.
Card holders can get 5% cash back on all utility bill payments made via Citibank Online Bill Pay with a cap of Rs 100 per month on the utility bill cashbacks.
On all other transactions, customers get 0.5% cash back.
What is the Eligibility Criteria to avail Citi Cash Back Credit Card
The card is provided to the customers whose profile match the eligibility standards prescribed by the bank. The bank has set the criteria according to which the eligibility of the customer is evaluated. Customers who don't meet the eligibility criteria will not be allowed to avail this credit card. The terms and conditions of eligibility will be set according to the features of the card. The customer’s eligibility will be tested based on his credit score and annual income as he has to be capable of paying his bills at the end of the credit period. It is very important to satisfy the bank to avail the credit card of your choice, else the bank will suggest you the card which matches your eligibility criteria.
What are the Documentation Requirements for Citi Cash Back Credit Card?
Before applying for credit card, you need to submit the below mentioned documents as proof and for the approval of the credit card of your choice.
ID Proof- Aadhar Card, Copy of Passport, PAN Card/ UID, Driving License, Voter ID Card
Income Proof- Salary Certificate, IT Assessment order, Latest Balance Sheet
Address Proof- Aadhar Card, Voter ID Card, PAN Card, Utility Bills
Bank Statement for the last 3 months.
How to Apply for Citi Bank Credit Card?
All set to apply for a credit card? All you need to do is to follow the below mentioned steps to apply for a Citibank credit card online and offline.
- Step 1: Visit the official website of Citibank
- Step 2: Fill the application form online correctly before submitting it to the bank desk. The bank will then check the details carefully before approving the application
For detailed process of application, refer our fresherslive article Citibank credit cards
Offline: If you do not have access to internet, you can even visit the nearest Citibank branch to apply for a credit card. Get a credit card application form from Citibank, fill the details correctly before submitting it in the bank branch. The bank will screen through the details before the approval of your case.
You can simply tap-and-pay at merchant terminals for purchases up to `2000* without entering the PIN
You will get 5% cashback on movie ticket purchases
5% cash back can be availed on all your telephone bill payments
You can pay through Citibank Online Bill Pay and get 5% cash back on Utility Bill Payments
Fees and Charges
Annual Fee- The annual fee of Rs 500 is billed in the first month of the card statement and then every 12 months thereafter.
Interest Rate- A variable interest rate ranging between 37.20% and 42.00% per annum may be charged on this credit card. The applicable rate may vary depending on various parameters such as your card spends, credit limit utilization, repayment patterns etc.
Refer to the schedule of charges below for other credit card related expenses-
|Joining fee||As per bank’s norm|
|Cash Advance fee||2.5% of the advance amount|
|Late Payment Charges||
|Over Credit Limit Charge||2.5% of the amount over the credit limit subject to a minimum of Rs.500|
|Cheque/ECS Bounce Charge||Rs. 500 per returned cheque/ECS|
|Petrol Transaction Charge||2.5% (minimum ₹10), will be waived off at Indian Oil outlets for transactions done on Citibank EDCs|
|Railway Ticket Booking or Cancellation Surcharge (Counter booking)||2.5% of the transaction value|
|Railway Ticket Booking Surcharge (Internet booking)||1.8% of the transaction value for regular transactions; 2.8% of transaction value for 3 EMI transactions|
|Card Replacement Charge||Rs. 100|
|Statement Request||Rs. 100 beyond 3 months|
|Outstation Cheque Charge (Charge based on the value of the cheque/instrument)||
|Cash deposit at Citibank branches towards credit card repayment||Rs.250|
|Cash deposit at Citibank ATMs towards credit card repayment||Rs.100|
How your creditworthiness is calculated?
To receive a card account, you must meet the bank’s applicable criteria bearing on creditworthiness.
Your credit limit will be determined based on the following factors:
Your annual salary and wages
Any other annual income
A review of your debt, including the debt mentioned on your credit report
The bank will inform you of your credit limit when you receive your credit card. Please note that cash advances may be limited to a certain portion of your credit limit.
How to Make Balance Transfers
After receiving your card, you can call the customer service number on the back of your card to transfer balances. Balance transfers are made available at our discretion. All balance transfers are subject to the standard purchase APR unless an introductory and/or other promotional rate applies.
If we give you the option to transfer a balance with your application, it will take at least 14 days after your Card Account is opened to process any balance transfer payments. At this time, you may cancel or modify your balance transfer request by calling the number on the back of your card.
You may transfer any amount, but the total amount of your balance transfer plus balance transfer fees must be less than your available credit limit. Ensure that you don't transfer any disputed purchase or other charge amount because you may lose your dispute rights. You cannot transfer balances from other accounts issued by Citi or its affiliates. If you are unsure of the issuer on the account, please visit www.citi.com/affiliatesproducts for a list of Citi products and affiliates.
Continue to make payments on your other accounts till you have confirmed this balance transfer has been received. Once approved, we'll pay the amount of the balance transfer directly to that issuer. The available credit limit for your new card will be deducted by the total amount of the transfers, including fees we approve.
Things You Should Know About Your Balance Transfer Offer:
When you transfer a balance with this offer, interest will be charged on purchases made with your credit card unless your purchases have a 0% APR or you pay the New Balance mentioned on your statement (including the amount of your balance transfer) in full by the payment due date each billing period.
In case you default under your Card Agreement you may lose any promotional APR on the balance transfer.
Any benefit, reward, service or feature offered relating your Card Account may change or be discontinued at any time for any reason, except as otherwise expressly indicated. Citi isn't responsible for products and services provided by other companies.
What are the cash back offers given by Citi Cashback Credit Card?
Your Card Account will earn cash rewards based on your eligible transactions. Such eligible transactions include purchases and payments made based on those purchases. The cash rewards will show cumulatively on your billing statement as "cash back on purchases" and "cash back on payments".
• Cash Back on Purchases: Unless you are participating in a limited time promotional offer, you will earn 1% cash back based upon eligible purchases appearing on your current month's billing statement. Eligible purchases made by you will be accumulated in the "Purchase Tracker" shown on your billing statement. The Purchase Tracker shows the balance eligible to earn cash back on payments in each billing cycle. Eligible purchases exclude balance transfers, cash advances, convenience checks, disputed or unauthorized purchases/fraudulent transactions, Card Account fees and finance charges and fees for services or programs you elect to receive through us. Limited time promotional offers is not applicable on personal banking transactions you make so you will only earn 1% on these transactions.
Cash Back on Payments: It will also earn you 1% cash back on payments you make that appear on your current month's billing statement as long as the amount paid is at least the Minimum Payment Due that is printed on your billing statement and that there is a balance in the Purchase Tracker. The balance in the Purchase Tracker is deducted by eligible payments you make. When the Purchase Tracker reaches $0, you won't earn cash back on payments until more eligible purchases are made.
Redeeming Cash Rewards: As soon as the cash rewards balance totals $25 or more, you may visit www.citi.com or contact us at 1-855-473-4583 to redeem your cash rewards. You can choose to redeem your cash rewards as mentioned below:
Request a check for at least $25 up to the total cash rewards balance at the time you redeem;
Redeem for a statement credit to your Card Account for at least $25 up to the total cash rewards balance at the time you redeem;
Redeem for a credit to your linked Citi savings or checking account or to a checking account from which you have paid a Citi Credit Card bill at least two times.
Only you may redeem cash rewards, unless you or the bank agrees otherwise. You will be responsible for any taxes that may be due on cash rewards redemptions.Value of Cash Rewards: Cash rewards have no cash value until such time as you may request and receive redemption (check or statement credit) for your eligible cash rewards. You may not assign, transfer, or pledge your cash rewards. You cannot assign, transfer, or pledge your cash rewards. In cash rewards, you have no property rights or other legal interest.
How to Compare Cards two credit cards in CITIBank Credit Cards offered?
Two or three credit cards of CitiBank can be compared at the same time on the official website itself. Once you visit the website, you will find the “Compare Cards” on the secondary tab. Click on that add the cards which you want to be compared. For example when Citi Double Cash Card and Citi Simplicity card are being compared with each other, the overview, balance transfer intro rate, balance transfer rate after intro rate expires, purchase intro rate, purchase rate, annual fee, travel benefits and many more information which will generally be compared before purchasing the best card.
What are the Other types of CITIBank credit cards available?
Citibank offers a variety of credit cards tailor made for different types of customers. Citibank credit cards specialise in travel, shopping, dining, entertainment, fuel and more.Cardholders can earn rewards which can later be redeemed for exciting gift vouchers or statement credit. Users have given a positive feedback about the credit card. Let us have a look at the various types of credit cards offered by Citibank.
The types of CITIBank credit cards are
1)Cash Back Credit Card
Citi Double Cash Card
2) Simplicity Credit Card
Citi Simplicity Card
3) Citi / Aadvantage Credit Cards
Citi / Aadvantage Platinum Select World Elite Mastercard
Citi / Aadvantage Executive World Elite Mastercard
CitiBusiness / Aadvantage Platinum Select World Mastercard
Citi / Aadvantage Gold World Elite Mastercard
Citi ThankYou Preferred Card
Citi ThankYou Premier Card
Citi Prestige Card
Citi ThankYou Preferred Card For College Students
5) Diamond Preferred Credit Card (1)
Citi Diamond Preferred Card
6) Expedia Credit Cards (2)
EXPEDIA+ CARD From Citi
EXPEDIA+ VOYAGER CARD From Citi
7) Costco Credit Cards (2)
Costco Anywhere Visa Card By Citi
Costco Anywhere Visa Business Card By Citi
8) AT&T Credit Cards
AT&T Access Card From Citi
9) Secured Credit Card
Citi Secured Mastercard
What are the type of Credit Card Protection Offered by CITIBank?
The types of credit card Protection are offered by CITI Bank are
24 Hour Fraud Protection: This facility will alert you if we see unusual activity on your account.
The Lost Wallet Service: If you've lost your card, the bank will replace it, usually within 24 hours. Additionally, the bank will provide you with emergency cash subject to your available cash advance limit. Citi Identity Theft Solutions.
Travel Protection: Enjoy global acceptance and enhanced security when you use your credit card at merchants that use chip enabled terminals to accept your payment.
EMV Chip Technology: You can enjoy global acceptance and enhanced security when you use your credit card at merchants that use chip enabled terminals to accept your payment.
Purchase Protection: You’re completely protected against unauthorised credit card charges on your account. At Citi, you will not be responsible for a charge that you did not authorise, online or otherwise.
Complete Terms of Citi Cash Back Credit Card
Interest rates and Interest charges
|Annual Percentage Rate (APR) for Purchases||15.24% to 25.24% (this will be based on your creditworthiness)
This will vary with the market based on the Prime rate
|APR for Balance Transfers||0% introductory APR for 18 months from date of first transfer when transfers are completed within 4 months from date of account opening.|
|APR for Cash Advances||26.99%APR varied with the market based on the Prime Rate|
|Penalty APR and When it Applies||Upto 29.99% based on your creditworthiness. This APR varies with the market based on the Prime Rate.c
This APR may be applied to your account if you:
(1) Make a late payment or
(2) Make a payment that is returned.
|How to Avoid Paying Interest on Purchases||Your due date is at least 23 days after the close of each billing cycle. There will not be any charges any interest on purchases if you pay your entire balance by the due date each month.|
|Minimum Interest Charge||Your charge towards interest will be no less than 50 cents.|
|For Credit Card Tips from the Consumer Financial Protection Bureau||To know more about Consumer Protection visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore|
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