The Citi Prestige Credit Card is a premium offering from Citibank designed for high-net-worth individuals seeking exclusive benefits and luxurious perks. This card provides extensive travel benefits, high reward rates, and access to a network of over 1,300 airport lounges globally. In this comprehensive review, we explore the key features and benefits of the Citi Prestige Credit Card to help you determine if it aligns with your financial and lifestyle needs.
Citi Prestige Credit Card Overview
| Feature | Details |
|---|---|
| Card Type | Premium Credit Card |
| Reward Rate | 1 reward point for every ₹100 spent domestically; 2 reward points for every ₹100 spent internationally |
| Reward Value | 1 Reward point equals approximately 4 air miles |
| Annual Fee | ₹20,000 + GST |
| Unique Selling Points | Unlimited lounge access, premium hotel stays, golf privileges |
| Rating (out of 5) | 4.7 |
Welcome Benefits for Citi Prestige Credit Card
| Welcome Benefit | Details |
|---|---|
| Reward Points | 2,500 reward points on first transaction within 60 days |
| Additional Benefits | Vouchers worth ₹10,000 from Taj Group or ITC Hotels |
Joining Fees for Citi Prestige Credit Card
| Fee Type | Details |
|---|---|
| Joining Fee | ₹20,000 + GST |
| Renewal Fee | ₹20,000 + GST |
| Renewal Fee Waivers | None |
Utility Payment Charges for Citi Prestige Credit Card
| Payment Type | Charges |
|---|---|
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
Membership Benefits of Citi Prestige Credit Card
The Citi Prestige Credit Card offers a variety of premium benefits:
- Travel Benefits: Access to over 1,300 airport lounges worldwide through the Priority Pass program. Complimentary unlimited lounge access for both primary and add-on cardholders.
- Hotel Benefits: Complimentary night stay when booking a minimum four-night consecutive stay at any hotel or resort. Free subscription to the Taj Inner Circle Epicure program.
- Dining and Entertainment: Up to 20% savings at participating restaurants and exclusive Citi World Privileges.
- Golf Benefits: Four complimentary rounds of golf and golf lessons at select golf courses in India annually.
- Concierge Services: 24/7 concierge services for travel, dining, and entertainment reservations.
Rewards from Citi Prestige Credit Card
| Spend Category | Reward Rate |
|---|---|
| Domestic Spends | 1 reward point for every ₹100 spent |
| International Spends | 2 reward points for every ₹100 spent |
| Reward Points Cap | No cap on reward points |
| Reward Value | 1 Reward point equals 4 air miles |
| Rewards Expire in | Do not expire |
Milestone Benefits of Citi Prestige Credit Card
| Spending Milestone | Reward Earned |
|---|---|
| NA | NA |
Redemption of Citi Prestige Credit Card Points
Cardholders can redeem their reward points through various channels:
- Air Miles: Transfer points to frequent flyer programs such as Air India, Singapore Airlines, Qatar Airways, and more.
- Hotels: Convert points to hotel loyalty programs like Taj InnerCircle and IHG Rewards.
- Merchandise: Choose from a range of products in the rewards catalog.
- Cashback: Convert points into statement credits or pay for recent charges.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Shoppers Stop, Westside |
| Electronics | Croma |
| OTA | MakeMyTrip, Goibibo, Yatra.com |
| Hotels | Taj Group, ITC Hotels |
| Cabs | Uber, Ola |
| Airline | Vistara, IndiGo |
| Luxury Brands | Neiman Marcus, Gucci, Louis Vuitton |
| Merchandise | Apple, Samsung |
Airport Lounge Access with Citi Prestige Credit Card
| Access Type | Details |
|---|---|
| Domestic Lounges | Unlimited complimentary access |
| International Lounges | Unlimited complimentary access |
| Add-on Cardholder Benefits | Same benefits as primary cardholder |
Airport Transfers with Citi Prestige Credit Card
The Citi Prestige Credit Card offers luxury airport transfer services with a 20% discount on retail rates, providing convenience and comfort for frequent travelers. This service is subject to availability and requires prior booking through the Citi Prestige concierge.
Forex Markup Fee for Citi Prestige Credit Card
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% |
Eligibility for Citi Prestige Credit Card
To apply for the Citi Prestige Credit Card, applicants must meet the following criteria:
- Age: 21 years and above
- Occupation: Salaried or Self-employed
- Minimum Income (Salaried): ₹25 lakh per annum
- Credit Score: Excellent credit score of 750 or more
How to Apply for the Citi Prestige Credit Card
Applying for the Citi Prestige Credit Card is straightforward:
- Online Application:
- Visit the Citi India website.
- Navigate to the “Citi Prestige Card” section and select the “Apply Now” button.
- Fill out the required personal and financial information.
- Submit the necessary documents online as per the instructions.
- Offline Application:
- Visit the nearest Citibank branch.
- Request an application form for the Citi Prestige Card.
- Fill out the form with accurate details and attach the required documents.
- Submit the form at the branch and await approval.
Card Review: Citi Prestige Credit Card
The Citi Prestige Credit Card is an excellent choice for high-net-worth individuals and frequent travelers seeking luxury and exclusive privileges. With extensive travel benefits, high reward rates, and a multitude of lifestyle perks, it offers substantial value for those who demand the best in credit card benefits.
Rating: 4.7
- Overall Rating: 4.7
- Benefits: 4.9
- Fees: 4.5
- Customer Service: 4.8
Pros and Cons of Citi Prestige Credit Card
Advantages of the Credit Card:
- Extensive travel benefits, including global lounge access and premium hotel stays.
- High reward rates on international spends.
- Comprehensive concierge services and premium membership perks.
Potential Drawbacks:
- High annual fee of ₹20,000 + GST.
- Higher forex markup fee of 3.5%.
Similar Cards to Citi Prestige Credit Card
| Credit Card | Annual Fee | Lounge Access | Reward Rate | Reward Value | Special Benefits |
|---|---|---|---|---|---|
| HDFC Diners Club Black | ₹10,000 + GST | Unlimited lounge access | 10x points on select categories | 1 point equals ₹0.50 | Exceptional reward rates, golf benefits |
| SBI Card ELITE | ₹4,999 + GST | 6 domestic and 2 international p.a. | 2 reward points for every ₹100 spent | 1 point equals ₹0.25 | Complimentary movie tickets, club memberships |
| Axis Bank Magnus Credit Card | ₹10,000 + GST | Unlimited domestic and international | 12 EDGE reward points for every ₹200 spent | 1 EDGE reward point equals ₹0.20 | Travel vouchers, dining discounts |
| Standard Chartered Ultimate Card | ₹5,000 + GST | Unlimited lounge access | 5 reward points for every ₹150 spent | 1 point equals ₹0.25 | Complimentary golf, concierge services |
Comparison
- HDFC Diners Club Black offers exceptional reward rates and unlimited lounge access, making it a strong contender for international travelers.
- SBI Card ELITE provides good rewards on dining and entertainment with a more affordable annual fee, suitable for lifestyle benefits.
- Axis Bank Magnus Credit Card offers higher reward rates and extensive travel benefits with a more affordable annual fee.
- Standard Chartered Ultimate Card offers a balance of travel and lifestyle benefits with unlimited lounge access.
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about Citibank credit cards and other financial products, you can visit the official Citibank India website.
FAQ
Q: What is the annual fee for the Citi Prestige Credit Card? A: The annual fee for the Citi Prestige Credit Card is ₹20,000 + GST.
Q: How can I earn reward points with the Citi Prestige Credit Card? A: You can earn 1 reward point for every ₹100 spent domestically and 2 reward points for every ₹100 spent internationally. Additionally, you can earn up to 50% bonus points monthly.
Q: Does the Citi Prestige Credit Card offer lounge access? A: Yes, the card offers unlimited complimentary access to over 1,300 airport lounges worldwide through the Priority Pass program for both primary and add-on cardholders.
Q: What is the forex markup fee for international transactions? A: The forex markup fee for international transactions is 3.5%.
Q: Are there any milestone benefits with the Citi Prestige Credit Card? A: The card offers various milestone benefits, such as complimentary night stays and golf rounds, but specific spending milestones are not detailed.
Q: How do I apply for the Citi Prestige Credit Card? A: You can apply for the Citi Prestige Credit Card online through the Citi India website or offline by visiting the nearest Citibank branch.
