Citi Rewards Credit Card – Benefits, Fees & Eligibility

Introduction

The Citi Rewards Credit Card is designed to offer cardholders lucrative reward opportunities across various spending categories. It comes with a joining fee of Rs. 1,000 (plus applicable taxes) but provides a substantial welcome benefit of up to 2,500 bonus Reward Points. The card earns 1 Reward Point for every Rs. 125 spent, with an accelerated rate of 10x Reward Points on purchases made at apparel and departmental stores. Cardholders can also earn additional bonus Reward Points monthly by spending Rs. 30,000 or more. These Reward Points offer flexibility, being redeemable against a range of options including fuel, AirMiles, and cashback, and notably, they never expire. The annual fee of Rs. 1,000 (plus applicable taxes) can be waived if the cardholder spends Rs. 30,000 or more in the preceding year. This card is best suited for individuals who frequently shop.

Welcome Benefits

• Get 1,500 bonus Reward Points within 30 days of card activation upon making your first transaction.
• Receive an additional 1,000 bonus Reward Points on making a transaction of Rs. 1,000 within 60 days of card issuance.
• Total welcome benefit amounts to up to 2,500 Reward Points.

Fees

• Joining Fee: Rs. 1,000 plus applicable taxes. This fee is complimentary for Citibank Suvidha account holders.
• Renewal Fee: Rs. 1,000 plus applicable taxes. This fee is complimentary for Citibank Suvidha account holders.
• Spend-Based Waiver: The renewal fee can be waived off on spending Rs. 30,000 or more in the previous year.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 3.5% on all foreign currency spends.
• Interest Rates: 3.75% per month (45% per annum).
• Fuel Surcharge: A 1% fuel surcharge is waived at all Indian Oil outlets for a minimum fuel transaction of Rs. 10.
• Cash Advance Charges: 2.5% of the amount withdrawn or Rs. 500, whichever is higher.

Rewards

• Standard Rewards Rate: Earn 1 Reward Point for every Rs. 125 spent on most categories.
• Accelerated Rewards Rate: Earn 10 Reward Points for every Rs. 125 spent on apparel and departmental stores.
• Monthly Bonus: Get 300 bonus Reward Points on a minimum monthly spend of Rs. 30,000 on your Citi Rewards Credit Card.
• 10x Category Cap: The incremental reward points (additional 9x Reward Points) under the 10x category on departmental and apparel stores are capped at 504 points per month (per statement cycle). This means you earn maximum additional points on spending a minimum of Rs. 7,000 in these categories.
• Dining Benefits: Enjoy a discount of up to 20% on dining at partnered restaurants.
• Reward Point Exclusions: No Reward Points are earned on spends in certain categories, including fuel, educational institutions, government institutions, insurance, toll payments, and utility purchases.
• Reward Point Expiry: Reward Points earned on this card never expire and can be redeemed anytime.
• Travel Benefits: Not applicable (N/A).
• Domestic Lounge Access: Not applicable (N/A).
• International Lounge Access: Not applicable (N/A).
• Golf Benefits: Not applicable (N/A).
• Insurance Benefits: Not applicable (N/A).

Rewards Redemption Guide

The Reward Points earned on the Citi Rewards Credit Card can be redeemed against a variety of categories. These points never expire, offering flexibility in redemption.

• Redemption Category: Fuel at Indian Oil outlets
  • Value of 1 Reward Point: Re. 0.25
  • Minimum Points required for redemption: 250
• Redemption Category: In-store shopping at partner brands/online shopping
  • Value of 1 Reward Point: Re. 0.30
  • Minimum Points required for redemption: 250
• Redemption Category: Online travel site
  • Value of 1 Reward Point: Re. 0.25
  • Minimum Points required for redemption: 250
• Redemption Category: Cashback
  • Value of 1 Reward Point: Re. 0.35
  • Minimum Points required for redemption: 10,000
• Redemption Category: AirMile/InterMile
  • Value of 1 Reward Point: 0.75 InterMile
  • Minimum Points required for redemption: 100

Card Eligibility Criteria

Eligibility Rules

• Age: Above 21 years
• Income: Stable source of income
• Credit Score: A decent credit score (750 or above)

Documents Required

• Identity Proof: PAN Card, Aadhar Card, Driving License, Voter’s Id, Passport, etc.
• Address Proof: Aadhar Card, Utility Bills of latest months, Passport, etc.
• Proof of Income: Latest audited ITR, or latest bank statements/salary slips.

Card Review

The Citi Rewards Credit Card is an excellent choice for individuals seeking a credit card with strong reward programs. It offers exciting reward opportunities, and its points can be redeemed across an extensive array of categories without any expiry. Key advantages such as welcome benefits, a renewal fee waiver based on spend, a fuel surcharge waiver, and a spend-based monthly bonus make this card highly appealing. Considering its exclusive reward offers and potential savings, anyone looking for a well-rounded credit card with significant advantages, especially those who shop frequently, should consider the Citi Rewards Credit Card.

Important Product Details

• Up to 2,500 Reward Points as a welcome gift.
• Earn 1 Reward Point for every Rs. 125 spent.
• Earn 10x Reward Points on purchases made at apparel and departmental stores.
• Receive 300 bonus Reward Points by spending Rs. 30,000 or more every month.
• The renewal fee for the card can be waived if you spend Rs. 30,000 or more in the previous year.
• Enjoy a 1% fuel surcharge waiver on all fuel transactions at authorized Indian Oil outlets for transactions above Rs. 10.
• Reward Points earned never expire.
• The incremental 9x Reward Points under the 10x category on departmental and apparel stores are capped at 504 points per month.
• No Reward Points are earned on fuel, educational institutions, government institutions, insurance, toll payments, and utility purchases.
• Foreign currency transactions incur a 3.5% markup.
• The interest rate is 3.75% per month (45% per annum).
• The card offers up to 20% discount on dining at partnered restaurants.
• Best suited for shopping.

Other Details

• Card Rating: 4.2/5
• How To Apply:
  • Online: Visit the Citibank online website, click on ‘Apply Now,’ select ‘Citi Rewards Credit Card,’ click ‘Apply Now’ again, and complete the required formalities with your documents ready.
  • Offline: You can apply for the Citi Rewards Credit Card by visiting the closest Citibank branch.