Top CitiBank Credit Card India 2018 Review (Cashback, IndianOil, PremierMiles and Prestige)
I have reviewed 13 best credit cards in India and included 2 credit cards from Citibank in the list. I thought of writing a separate post on the best credit cards offers by Citibank if you have already decided to apply for Citi cards.
Citi Reward Card is best for shopping and Premier Miles Credit Card is best for travel. Apart from these, there are two more cards which you can consider depending on your requirements.
If you fill up fuel from Indian Oil regularly then consider applying for Citibank IOC Card. If your requirements are getting a premium credit card then go for Prestige.
I am explaining all the benefits and offers on top Citibank credit cards in India.
#1. Citibank Cashback Credit Card Review
You will get direct cashback rather than rewards with Citibank Cashback credit card.
Note: Citibank Cashback credit card was my favorite a few years for paying bills. Now you get better offers from wallets (Paytm & Freecharge) for the payments of your bills.
Still that is a good option to utilize the credit card in case you could not find a great deal on mobile wallets. If you dine out frequently then you can save up to 20% across 2000 restaurants all over the india.
Citibank also offer easy EMI options at more than 2,000 consumer electronics and mobile phone outlets, leading retail chains and e-retailers.
5% Cashback Offers on Citibank Cashback Credit Card
- 5% Cashback on movie ticket purchases.
- 5% Cashback on all your telephone bill payments.
- 5% Cashback on all your utility bill payments made online through Citibank Online Bill Pay.
- 0.5% cashback on all other spends.
For movie tickets, you can also find deals online to save more than 50% on movies.
Redemption of Cashback
- Cashback redemption can be done only in multiples of Rs. 500
- Cashback points are redeemed easily as statement credit.
- There is no hassle in getting the cashback, it gets automatically credited in the statement as soon as it become Rs. 500.
Cashback on the Telephone / Movies / Utility category is capped at Rs.100 per month for each category.
Fee and Charges
- Annual Fee– Rs 500 (Citibank does not waive off the annual fees as per my knowledge)
My Views on Citibank Cashback Credit Card
I don’t like the capping limit of Citibank Cashback Credit Card, that is just 100 rupees per month. The card is good only for people who have 2000 monthly spend on Telephone, Movies and Utility bills.
There are high chance of approval if you are a salaried person and applying for the first time. Along with standard benefits of credit cards, Citibank offers many deals and discounts on the partner websites. It’s best to keep at least one credit card from Citibank.
#2. CitiBank IndianOil Credit card Review
IndianOil Citibank platinum credit card offers 3.5% saving on the your fuel expense.
Actually, it’s a marketing tactic. They are including the 1% surcharge waiver as part of cashback.
Let’s quickly see the calculations:
Citibank credit card reward points calculator
You can get 4 turbo points per Rs. 150 on fuel. One turbo point is equal to fuel of Rs. 1.
After a simple calculation, you can see (4/150) * 100 = 2.67%.
Citibank also waives 1% of surcharge on fuel and give you 2.67% cashback in the form of turbo points.
Citibank Indian Oil credit card reward points and redemption
- 4 Turbo Points on Rs.150 of fuel purchases at 1100 authorized citibank IndianOil Retail Outlets across the country.
- 2 Turbo Points per Rs.150 spends at grocery and supermarkets.
- 1 Turbo Point per Rs.150 spends elsewhere like Shopping, Dining and all other spends.
- You can save up to 20% across 2000 restaurants all over the india.
Note: There is one catch to receive the turbo points – You must use Indian Oil and swipe the card at Citibank machine.
How to redeem rewards points of Citibank Indian Oil Credit Card
- Redeem your reward points as fuel. Value of one turbo point is Rs. 1 fuel.
- Redeem your reward points for shopping online. In this case value of one turbo point will be Rs 0.30.
- Redeem your reward points for online traveling. In this case value of one turbo point will be Rs 0.25.
- Redeem your reward points as AirMiles on Air India and Jet Airways. In this case value of one turbo point will be 0.75 miles.
- Redeem your reward points against your card outstandings. In this case, value of one turbo point will be Rs. 0.35.
Citibank Indian Oil credit card terms and conditions
In case of fuel expenditure, the turbo point would be capped to purchase amount of Rs. 10,000 ( 267 turbo points). On transactions exceeding Rs.10,000, you would not earn any points.
2 turbo points per Rs. 150 at grocery and supermarkets is capped to spends up to Rs. 5000 (67 points) per month. On transaction exceeding Rs. 5000 you would get 1 turbo point per Rs. 150.
Fee & Annual Fee Waiver
- Ist Year Annual Fee– Rs 1000
- From Second Year Annual Fee – Rs. 1000
Spend Rs. 30,000 in one year and your annual fee of Rs. 1,000 will be waived off. In that way this card becomes free.
Indian Oil Credit Card vs Standard Chartered Titanium Card
If you are Indian Oil customer and spend regularly on fuel then you should apply for Citibank credit card.
But standard chartered super value titanium card also offers 5% cashback on fuel stations.
#3. Citibank Premiermiles Credit Card Review
If you are a Frequent Flyer of any airline, you can get the double benefit. You will get regular Frequent Flyer miles from the airline and 10 miles per 100 rupees from Citibank.
You can transfer your miles on Cathay Pacific, Delta Airlines, British Airways, Thai Airways, Malaysia Airlines, Eva Air, Etihad Airways, Singapore Airlines, Qatar Airways and Air India. You will get 1 Frequent Flyer Air Mile for every 2 Miles you transfer.
Citibank Premiermiles Card Benefits and 10x Miles
- Get 10,000 miles on joining after you spend Rs 1,000 within 60 days of card issuance.
- Get 3,000 reward miles on the renewal of card.
- 10 Miles per Rs.100 spent on all airlines transactions.
- 10 Miles per Rs. 100 spent on exclusive website premiermiles
- 4 Miles for every Rs 100 spent on all other transactions.
Citibank premiermiles rewards redemption
You will earn 10 miles per Rs. 100 spent on the card and each mile is worth 45 paisa, which means that you will get 4.5% worth of value when you redeem miles at citibank’s preferred partners.
You can redeem miles across over a 100 domestic and international airlines along with hotel booking. The miles never expires so that you can collecting miles and redeem whenever you need.
Simple Calculations: If you spend Rs. 300,000 in one year using Citibank Miles card then you will earn 30,000 miles that you can redeem for 13,500 Rs.
Lessor known benefits of Citibank premiermiles credit card
- Provides air accident insurance cover upto Rs.1 crore.
- Also provide lost card liability cover insurance up to a limit of 2 lakhs.
- Complimentary language accessed to participating airport lounges in india.
Citibank Premiermiles card lounge access
Citibank offers two variants of premiermiles credit card. There is no difference in perks and rewards except the access to free lounge access in India.
Citi PremierMiles MasterCard World cardmembers Complimentary access to the Following Lounges
- Chennai – TFS Lounge, First Floor, Near Gate No 11, International Departures
- New Delhi – Plaza Premium Lounge, Domestic Departures ( T3)
- Hyderabad – Plaza Premium Lounge Near Gate 32A, International Departures
- Bangalore – Above Ground Level Lounge, International Departures T3
- Mumbai – Clipper Lounge International Terminal
- Free lounge access to primary cardmembers only – Limited to 6 complimentary visits per calendar quarter.
Citi PremierMiles Visa Signature cardmembers Complimentary access to the Following Lounges
- Chennai – Travels Club Domestic Terminal
- Chennai – Travels Club International Terminal
- Delhi – Plaza Premium Lounge Domestic Departures (T3)
- Delhi – Plaza Premium Lounge International Departures (T3)
- Mumbai – Mumbai Airport Lounge Domestic Departures T2
- Mumbai – Clipper Lounge International Departures (T2)
- Hyderabad – Plaza Premium Lounge International Departures
- Hyderabad – Plaza Premium Lounge Domestic Departures
- Bangalore – Plaza Premium Lounge Domestic Departures
- Bangalore – Plaza Premium Lounge International Departures
- Free lounge access for primary cardmembers – Limited to 8 visits per calendar quarter per card.
Annual Fee and Waiver Conditions
- First year annual fee – Rs 3000
- Second year onwards – Rs. 3000
First year fees waiver is available only to people who have Citibank priority account.
#4. Citibank Prestige Credit Card Review
Inspire yourself to experience unprecedented luxury and premium services with the Citi Prestige Credit Card.
This card entitles you to enjoy highest levels of service, opens door to a world of exclusive benefits and experiences like luxury travel updates and access to premium lifestyle privileges.
But to get such prestigious status, you have to a pay an annual fee of INR 20,000.
Every year you have to pay INR 20,000 as an annual fee. In return, you get 10,000 air miles and a gift voucher worth INR 10,000. If you are smart enough to redeem air miles at INR 1, then the total worth of welcome gifts become INR 20,000 (10,000 miles 10,000 voucher) which is equal to your annual fee.
In this way, your effective cost will be Zero.
- Get 10,000 air miles on the first transaction in every membership year.
- Get gift voucher/card worth INR 10,000 from Taj group or ITC hotels.
- You will get the both welcome gift in every membership year.
One Interesting Thing, You can’t apply for Prestige card online. You will either have to get an invitation or you have to call their number 1-800-419-1050. Generally, Citibank asks PremierMiles card holder to upgrade his/her card to Prestige Card.
Reward Points With Citibank Prestige Credit Card
- Earn 1 reward point for every INR 100 spent domestically.
- Get 2 reward point for every INR 100 spent overseas.
- Earn up to 30% bonus points up and above your regular earn, basis spends on the Citi Prestige credit card, if you are an existing Citigold or Citigold Private Client.
Redeem your rewards for something special
Redeem your reward points for air miles. Get 4 Frequent Flyer Air miles for every Citi Prestige reward point you transfer to airlines.
You can also transfer reward points to luxury hotel partners. Here is the list
Complimentary Benefits With Citibank Prestige Credit Card
- Complimentary unlimited priority pass lounge access at over 800 airports.
- Indulge in the one-night complimentary stay, on the minimum booking of 4 nights at any hotels across the world.
- Get overseas medical insurance of USD 50,000.
- A complimentary air accident insurance up to INR 5 crore.
- Get Lost card liability insurance of INR 3 lakh.
- 4 complimentary golf rounds and golf lessons every year at 15 leading cities in India.
You have to pay an annual fee of INR 20,000 to get Citibank Prestige card. How much you get benefit through this card is merely depend on your spending and your redemption option.
Before upgrading your credit card to prestige card, make a cost-benefit analysis. This will guide you to decide the best.