Citibank Rewards Credit score Card is an entry-level bank card from Citibank designed for frequent customers. This bank card comes with a low annual payment with straightforward to realize the goal for the payment waiver. Since Citibank Rewards bank card targets frequent customers it gives accelerated reward factors on spends at attire and department shops. So, does this bank card checks all of the bins and needs to be the one in your pockets? Learn to search out out.
About Citibank Rewards Credit score Card
Charges and Eligibility:
- Zero becoming a member of payment. Annual charges of INR1000 + GST; waived off on annual spends of INR30,000.
Rewards and Profit:
- Becoming a member of Profit:
- 1500 reward factors on the primary spend inside 30 days of card issuance
- 1000 reward factors on the primary spend of 1000 or extra inside 60 days of card issuance
- Recurring Profit:
- 300 reward factors on spending 30,000 or extra in a month
- Reward Factors:
- 1 Reward level on each INR125 spent. 1 Reward level = 0.35 paisa (0.28% reward charge)
- Accelerated Reward Factors:
- 10X Reward factors (2.8% reward charge) on each 125 spent at attire and department shops.
- 1% gas surcharge waiver
Whereas at first Citibank Rewards bank card seems to be an excellent bank card, however the particulars and effective print take away a number of sheen from this card. Infact there are many limitations with this card hidden within the effective print. I’ve listed them beneath:
10x Reward Factors:
The 10x reward factors are capped at a month-to-month spend of INR7,000. Something spent above this restrict will solely earn a regular reward charge of 1 level for each 125 spent. Thus, this limits the reward charge on the cardboard severely. Whereas, one has to agree that 10x reward factors attire and department shops cowl most of our in style shops reminiscent of Huge Bazaar, Dmart, Reliance Recent, Customers Cease Central and so forth. Nonetheless, the cap on reward factors is an enormous dampener.
No reward factors in any respect on many transactions:
Citibank in October 2019 revised its reward insurance policies (Learn the detailed submit). Thus spends on Uber, Ola, utility invoice funds, cell invoice funds, insurance coverage premiums and lots of extra classes won’t earn any reward factors.
Nonetheless, since Citibank nonetheless permits reward factors on pockets load one can circumvent these restrictions to earn reward factors. Nonetheless, it simply will increase the hassles for the cardboard person.
Nobody on one Paytm film ticket provide:
Final yr, Citibank had launched a one-on-one free film ticket provide in partnership with Paytm. When the provide was launched, all Citibank bank cards had been eligible for the provide. Nonetheless, someday later they silently excluded Citibank Rewards bank card, Citibank IndianOil bank card and Citibank Cashback bank card from the provide.
That’s not all! Even underneath the best-case situation, the place one maximizes the reward factors in all classes, the best-case reward charge on Citibank Rewards bank card comes at simply 1.22%.
Whereas Citibank has some superb bank cards in its portfolio, for eg. Status and PremierMiles, with Premiermiles being my main bank card even immediately. The truth is, Premiermiles bank card helped me save greater than 100,000 simply final yr.
Nonetheless, all the things stated and carried out, Citibank Rewards bank card is a really primary bank card and other than seems to be, it doesn’t provide something thrilling. The one optimistic factor is a number of redemption choices as listed beneath.
As mentioned earlier, the best-case reward charge of 1.22% is on the decrease facet when in comparison with many different bank cards in the identical phase/class. One can examine different bank cards in the identical phase right here, right here and right here. Thus, I’d go for this card, solely whether it is provided as a free-for-life bank card.