Citi Bank

Citi Bank is an auxiliary of U.S banking Financial Services Multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York and later it become first National City Bank of New York. Citibank jumped into credit card industry in India between 1990 and 1995, becoming the prime issuers in the country. Few years ago, Citibank announced that it would be exiting the retail banking business in 13 nations including India. However, the bank assured it would continue serve customers just as it had been ever since. The bank also promises that it would not shutdown its operations in India, it would rather look for potential buyer to sell it off in the country.

As far as the credit cards are concerned, they have just 8 credit cards in their portfolio, it is one of the biggest issuers in India. According to a recent report, as of November 2022, the bank has 24 lakh active credit cards. If we talk about the market share then it has just less than 4%. Here are some popular Citibank credit cards.

List of Best CitiBank Credit Cards

Citi Bank Rewards Credit Card

On-boarding benefits

Up to 2,500 Reward Points

Rewards Rate

1 Reward point for spending INR 125 and 10 reward points for INR 125 Spending on departmental stores

Joining Fees

Rs 1000 (Plus applicable Taxes)

CitiBack Cash Credit Card

Welcome Benefits

Not Applicable

Rewards Rate

5% cashback on paying on the utility bills, booking movie tickets and telephone bills. 0.5% cashback on all other categories.

Joining Fees

500 + Taxes

Indian Oil CitiBank Credit Card

On-boarding Benefits

250 Turbo Points on Card Activation

Reward Points

1 Turbo Point for every spend of INR 150, 2 Turbo Points for every INR 150 spent at supermarkets and 4 Turbo points on every time you spend on INR 150 on fuel

Joining Fees

1000 + taxes

Citibank Premier Miles Credit Card

On-boarding Benefits

10,000 miles on the spends of INR 1,000 or more in the first 2 months of issuance.

Reward Points

10 Miles/INR 100 spent for airline transactions and 4 Miles/ INR 100 spent on all transactions.

Joining Fees

INR 3000 + Taxes

Citibank Prestige Credit Card

On-boarding Benefits

2,500 bonus reward points and a benefit worth INR 10,000 from Taj Hotels.

Reward Points

1 Reward points for every INR 100 on domestic spends, 2 Reward Points for every INR 100 on International Spends.

Joining Fees

Rs 20000 +taxes

First Citizen Citi Credit Card

On-boarding Benefits

3 Shoppers stop vouchers worth 500 each and 500 first citizen reward points on the first transaction.

Reward Points

14 Rewards Points on every INR 200 spent at shoppers stop and 10 first citizen reward points on every shopping of INR 200 at Shoppers Stop.

Joining Fees

Rs 500 + fees

Features and benefits of CITI Bank Credit Cards

CITI Bank credit cards come with a range of features and benefits that vary depending on the specific card you choose. Here are some general features and benefits that CITI Bank credit cards may offer:

Rewards programs

CITI Bank credit cards offer rewards programs that allow you to earn points or cash back for your purchases. These rewards can be redeemed for a variety of items, including travel, merchandise, and statement credits.

Introductory offers

Many CITI Bank credit cards offer introductory 0% APR periods for balance transfers and purchases. This can be helpful if you want to consolidate high-interest debt or make a large purchase and pay it off over time without accruing interest.

Travel perks

Some CITI Bank credit cards offer travel benefits, such as airport lounge access, free checked bags, and travel insurance.

Fraud protection

CITI Bank credit cards come with fraud protection that monitors your account for suspicious activity and alerts you to potential fraud.

Online account management

CITI Bank credit cards offer online account management, allowing you to check your balance, make payments, and view transactions at any time.

Credit score tracking

Some CITI Bank credit cards offer free credit score tracking, allowing you to monitor your credit score over time.

CITI Bank credit cards can offer a range of benefits and features that can help you save money, earn rewards, and manage your finances more effectively. It’s important to compare different CITI Bank credit cards to find one that offers the features and benefits that are most important to you.

Eligibility Criteria for CITI Bank Credit Cards

The eligibility criteria for CITI Bank credit cards may vary depending on the specific card you are applying for. However, here are some general eligibility requirements that may apply:

Age

You must be at least 18 years old to apply for a CITI Bank credit card.

Income

You must have a steady source of income to be eligible for a CITI Bank credit card. The minimum income requirement may vary depending on the card, but it's usually around $20,000 to $30,000 per year.

Credit Score

CITI Bank will check your credit score as part of the application process. While the minimum credit score requirement may vary depending on the card, a higher credit score will increase your chances of approval and may also qualify you for better terms and benefits.

Citizenship and residency

You must be a citizen or permanent resident of the country where you are applying for a CITI Bank credit card.

Other factors

CITI Bank may also consider other factors such as your employment status, debt-to-income ratio, and payment history when evaluating your application.

It’s important to note that meeting the eligibility criteria does not guarantee approval for a CITI Bank credit card. The bank will consider your application and creditworthiness before making a decision.