
Citi PremierMiles Credit Card Rating |
Rewards ★★★★ Ease of Redemption ★★★ Annual Fee ★★★ Other Benefits ★ Offers & Discounts ★★ |
Overall Rating ★★★ |
Citibank offers only a few credit cards as compared to other market players like HDFC Bank, SBI Card and ICICI Bank. However, there card offerings are well-designed to match the needs of their target audience. One such card is the Citi Rewards Credit Card that truly stands as one of the best rewards credit cards in India with an annual fee of only Rs. 1,000. The best part of the credit card is that the reward points never expire. Here is our Citi Rewards Credit Card Review to help you understand these benefits better.
Key Highlights of Citi Rewards Credit Card |
|
Rewards and More Rewards
Being a rewards card, this Citibank Credit Card lets you earn rewards on all your purchases. The rate of reward earning is given below:
- 1 reward point per Rs. 125 on all purchases
- 10 reward points per Rs. 125 on apparel and departmental store spending
- 1,500 bonus rewards points as welcome gift on making the first transaction within 30 days of card activation
- Reward points never expire
An important underlying condition to notice here is that you will be able to enjoy 10X rewards on apparel and departmental store spending only up to Rs. 7,000 per month. If your spending goes above Rs. 7,000, you will earn rewards at the normal rate of 1 point per Rs. 125.
Generally, the most common complain about credit card reward points is that they come with an expiration date. Citi Rewards Credit Card beats this drawback by giving points that never expire. If you don’t redeem the points for a long time, you can get a substantial redemption benefit out of it.
Suggested Read: Best Rewards Credit Cards in India for 2020
Redeeming Citibank Credit Card Reward Points
The accumulated reward points can be used in the following ways:
- Redeem points to purchase items from the rewards catalogue
- Convert the reward points into air miles* ( 1point = 0.75 Air Miles)
- Get cashback against your reward points (1 Point = Re. 0.35)
*On Citi Rewards Credit Card, Air Mile conversion can be availed only for Intermiles and Air India Frequent Flyer Program.
Citibank has separate cards for air miles (Citi PremierMiles) and cashback (Citi Cashback). If you want any of these services, it is better to apply for cards that are specifically made for those.