The Citi Cashback Credit Card is ideal for those seeking straightforward rewards with a focus on cashback. Whether you’re paying utility bills, buying movie tickets, or making everyday purchases, this card ensures you get a percentage of your spend back as cashback, making it perfect for practical, everyday use.
Note: Citi India consumer banking customers are now served by Axis Bank. Citi India has transferred ownership of its consumer banking business to Axis Bank.
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | 5% cashback on movies and utility bill payments, 0.5% on all other spends |
| Reward Value | Cashback directly credited to the statement |
| Annual Fee | ₹500 + GST (waived on spending ₹30,000 annually) |
| Unique Selling Points | Instant cashback on bill payments, no expiry on cashback |
| Rating (out of 5) | 4.2 |
Benefits of Citi Cashback Credit Card
This card offers several key benefits:
- High Cashback Rates: 5% cashback on movie ticket purchases and utility bill payments, 0.5% on all other spends.
- Dining Privileges: Exclusive discounts and offers at partner restaurants across India.
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹100 per month.
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Bonus Cashback | ₹250 cashback on first spend within 30 days of card issuance |
| Additional Benefits | No additional welcome benefits |
Rewards from Citi Cashback Credit Card
| Spend Category | Reward Rate |
|---|---|
| Movies and Utility Payments | 5% cashback |
| All Other Spends | 0.5% cashback |
| Reward Value | Cashback directly credited to the statement |
| Rewards Expire in | No expiry on earned cashback |
Milestone Benefits of Citi Cashback Credit Card
This card does not offer specific milestone benefits beyond its cashback offerings and annual fee waiver on spending ₹30,000 annually.
Redemption of Citi Cashback Credit Card Points
The cashback earned with this card is automatically adjusted against your statement balance, providing seamless benefits with no need for manual redemption.
Gift Vouchers Available
The Citi Cashback Credit Card focuses on cashback rewards rather than traditional points-based rewards, so it does not feature gift vouchers or merchandise redemption options.
Airport Lounge Access with Citi Cashback Credit Card
This card does not offer complimentary access to airport lounges.
Fees and Charges for Citi Cashback Credit Card
| Fee Type | Charges |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST (waived on spending ₹30,000 annually) |
| Finance Charges | 3.5% per month (42% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹500) |
| Late Payment Fee | ₹300 to ₹1,200 depending on the outstanding balance |
Citi Cashback Credit Card Card Review
Editor’s Rating
Summary
The Citi Cashback Credit Card is a practical choice for those who want to earn cashback on everyday expenses without any complicated rewards structure. With its straightforward benefits, this card is ideal for users who prioritize immediate savings on utility bills, movie tickets, and other daily transactions.
Pros and Cons of Citi Cashback Credit Card
| Pros | Cons |
|---|---|
| High cashback on utility bill payments and movies | No airport lounge access |
| Simple and transparent rewards structure | Lower cashback rate on other categories |
| Low annual fee with easy waiver | No milestone benefits or luxury perks |
Cards Similar to Citi Cashback Credit Card
| Feature | Citi Cashback Credit Card | Axis Bank ACE Credit Card | HDFC Millennia Credit Card |
|---|---|---|---|
| Annual Fee | ₹500 + GST | ₹499 + GST | ₹1,000 + GST |
| Cashback Rate | 5% on utility bills, movies | 5% on Google Pay utility payments | Up to 5% on partner merchants |
| Reward Value | Direct cashback | Direct cashback | 1 CashPoint = ₹1 |
| Special Benefits | Simple cashback structure | High cashback on utility payments | Dining discounts, fuel waiver |
FAQ
1. What is the Citi Cashback Credit Card?
The Citi Cashback Credit Card is a rewards card that offers cashback on various purchases, making it a great option for those who want to save money on their everyday expenses. Cardholders earn cashback on purchases like utility bill payments, movie ticket bookings, and more.
2. What are the key benefits of the Citi Cashback Credit Card?
- Cashback on Transactions: Earn 5% cashback on movie ticket purchases and utility bill payments, and 0.5% cashback on all other spends.
- Annual Fee Waiver: Spend INR 30,000 or more in a membership year and get the next year’s annual fee waived.
- Fuel Surcharge Waiver: Enjoy a fuel surcharge waiver across all petrol pumps in India.
- Dining Discounts: Get exclusive dining discounts at partner restaurants.
3. How can I apply for the Citi Cashback Credit Card?
You can apply for the Citi Cashback Credit Card online through the Citi Bank website or by visiting any Citi Bank branch. You will need to provide your personal details, income proof, and other necessary documentation.
4. What are the eligibility criteria for the Citi Cashback Credit Card?
- Age: Applicant should be at least 21 years old.
- Income: A stable monthly income as per Citi Bank’s requirement.
- Credit Score: A good credit score and a clean credit history.
- Employment: Both salaried and self-employed individuals are eligible.
5. How does the cashback system work?
The cashback earned on your Citi Cashback Credit Card is automatically credited to your statement. You can view your cashback earnings in your monthly credit card statement. The cashback is usually credited within a few days of the transaction posting date.
6. Are there any fees associated with the Citi Cashback Credit Card?
- Annual Fee: INR 500 + applicable taxes.
- Joining Fee: INR 500 + applicable taxes.
- Late Payment Fee: Varies depending on the outstanding amount.
- Cash Advance Fee: 2.5% of the transaction amount or INR 500, whichever is higher.
7. How can I redeem my cashback?
The cashback earned on the Citi Cashback Credit Card is automatically credited to your statement, so there is no need for a separate redemption process. The credited cashback reduces your overall outstanding amount.
8. Is there a limit to the cashback I can earn?
There is no maximum limit to the cashback you can earn on the Citi Cashback Credit Card, which allows you to maximize your savings based on your spending.
9. Can I use the Citi Cashback Credit Card for international transactions?
Yes, the Citi Cashback Credit Card can be used for international transactions. However, there will be a foreign currency transaction fee applied to all international spends.
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