The Citi Rewards Credit Card seeks to provide its customers with profitable reward incentives in a variety of categories. The card gives an incredible opportunity to earn up to 2,500 additional Reward Points as a welcome incentive for a membership fee of Rs. 1000. The card offers 1 reward point for every Rs. 125 spent and 10x rewards for purchases made in clothing and department stores. In addition to this, by spending Rs. 30,000 or more in a month, one can also earn additional Reward Points.
Fuel, AirMiles, cashback, and more categories are all eligible for these reward points. The card includes a small Rs. 1,000 annual charge, which is waived if you spent Rs. 30,000 or more in the year prior. For more details about the Citibank Rewards Credit Card, continue reading.
If you apply by May 31, 2023, you can get a new Citi Rewards Card with 0% p.a. on purchases and debt transfers (plus no balance transfer fee) for 14 months after card acceptance. You won’t pay an annual charge for the first year ($149 after that), making your life even simpler.
Additionally, you’ll receive free retail and travel insurance as well as mobile phone insurance, and you’ll earn Citi reward Points on qualified purchases. Applying T&Cs.
Pros:
- No balance transfer fee and 0% p.a. on balance transfers for 14 months. the cash advance rate is restored.
- Purchases for 14 months at 0% p.a. returns to the existing variable retail purchase rate of 21.49% per annum.
- Pay a one-time price of $0, then a yearly fee of $149.
- Receive 10% off (up to $250) Limited-time hotel deals from Lux. Offer valid through March 1st, 2023.
- Earn one Citi reward point for every dollar spent on eligible domestic purchases (up to $10,000 per statement period) and an additional one point for purchases outside of the U.S.
- With Citi PayAll Spend, you may earn 1 Citi reward Point for every $1 spent on costs such as childcare, property taxes, education, and rent.
- Free interest for up to 55 days on retail purchases.
- Enjoy My Cashback’s monthly cashback incentives from your favorite retailers.
- free insurance for mobile devices.
- complimentary travel and retail insurance protection.
Cons:
- If you have a balance transfer, interest-free days won’t be applicable for retail purchases.
- High rates for cash purchases and advances, now 21.49% and 22.24% annually, respectively.
- An additional $90 cardholder charge.
Benefits
0% Purchase Offer
The Citi Rewards credit card offers a 0% interest rate on purchases for the first 14 months after approval. This promotional period begins on the date of application approval.
It’s important to note that this offer is only applicable to new customers to Citi Rewards credit cards, although previous holders of other Citi cards may still be eligible. After the 14-month promotional period ends, the regular purchase rate of 21.49% p.a. will apply.
Balance Transfer Offer
With the Citi Rewards Card, you can transfer your outstanding balances from non-Citi branded credit cards and enjoy 0% interest on the transferred amount for 14 months. This means you can save on interest charges and pay down your debt faster. You can transfer up to 80% of your existing credit limit, which could be up to $8,000 if your limit is $10,000.
One of the standout features of Citi’s balance transfer offer is that it extends beyond credit card debt – you can also transfer balances from flexible personal loans, lines of credit like Buy now pay later services, as well as Visa and Mastercard balances from all banks, with no balance transfer fee. However, it’s important to note that you cannot transfer balances from an existing Citi account.
No Annual Fee
The Citi Rewards Card is a great option for those looking to pay off big purchases or balances, as it offers no annual fee for the first year. This can help you save on fees and focus on paying down your debt. Even after the first year, the annual fee is on the lower end for a rewards card, at $149 p.a., making it an affordable option for ongoing use.
Discounts
Citi Rewards Card holders can take advantage of discounts with partnering companies. For example, you can enjoy a 10% discount on Limited Time Lux Exclusive hotel offers, up to $250. Simply use your Citi Rewards Card and enter the promo code when booking. It’s important to note that this offer ends on 1 March 2023, so be sure to take advantage of it before it expires.
Additionally, Citi has introduced its new My Cashback program, which offers personalized offers for your favorite stores through the Citi Mobile app. When you use an offer and pay with your Citi Rewards Card, you can earn cashback, providing additional savings.
Citi PayAll Feature
The Citi PayAll feature allows you to schedule recurring payments for various expenses such as rent, education fees, childcare, taxes, and bills, among others.
Between 1 April 2021 and 31 October 2023, Citi PayAll payments will incur a reduced fee of 0% instead of the standard fee. However, any recurring Citi PayAll payments set up outside of this duration will be charged the standard Citi PayAll fee of 2% of the amount of the Citi PayAll payment, as per the terms and conditions.
Other Benefits
In addition to the above, the Citi Rewards Card offers several other benefits. You can earn Citi reward Points on eligible transactions, which can be redeemed for a variety of rewards such as gift cards, merchandise, travel, and more. The card also comes with complimentary insurance covers, providing added peace of mind for travel and purchase protection.
With up to 55 days interest-free on retail purchases, you can manage your expenses more effectively. The card also offers anti-fraud security features to protect your account from unauthorized transactions. Additionally, you can enjoy a 24/7 personal concierge service for assistance with travel bookings, dining reservations, and more.
The card is compatible with popular mobile payment options such as Apple Pay and Samsung Pay.
How Can I Get a Citi Rewards Credit Card?
Apply for the Citi Rewards Credit Card by going to the nearby branch or online as described below:
- Visit the Citibank website.
- The “Apply Now” option is located on the right side of your screen.
- ‘Citi Rewards Credit Card’ should be selected.
- Re-click the “Apply Now” button.
- Be prepared with all of your paperwork and follow the website’s procedures exactly.
Documents Required.
The following documents are needed to apply for CitiBank’s Rewards credit card:
- Identity proof options include a passport, driver’s license, voter ID card, PAN card, and Aadhar card.
- Address verification options include an Aadhar card, recent utility bills, a passport, etc.
- The most recent ITR that has been audited, or the most recent bank statements or pay stubs.
Conclusion.
The Citi Rewards Credit card by Citibank is for you if you’re looking for a credit card with excellent reward programs. Reward Points don’t expire and give unique Reward offers in addition to being redeemable for a variety of categories whenever you like.
Additionally, you have even more reasons to select this card thanks to all of its welcome bonuses, renewal fee waiver, fuel surcharge waiver, spend-based monthly bonus, etc. The Citi Reward Credit Card is undoubtedly a good option for anyone seeking for a credit card with exciting features after considering all of its distinctive Reward incentives and financial benefits.