|Citibank Cashback Credit Card Rating|
Annual Fee ★★★★
Travel Benefits ★
Offers & Discounts ★★★
|Overall Rating ★★★|
Cashback remains one of the biggest attractions for all credit cardholders and that is majorly because the card gives you direct cashback instead of the reward points. Citibank Cashback credit card is designed exclusively for cardholders who are looking for cashback on online as well as offline transactions.
Users get cashback on movie tickets, utility payments and dining privileges. Here is our review of Citibank Cashback Credit Card and how you can utilize the card’s features to the fullest.
Features of Citibank Cashback Credit Card:
Cashback Offers: If you are interested in cashback and not reward points, then this credit card will meet your financial needs. The cardholders get 5% cashback on movie tickets, telephone and other utility payments and 0.5% cashback on all other spends.
Dining Privileges: If you love to explore different restaurants then this credit card serves that purpose too. You get discount up to 15% at partner restaurants with Citibank Cashback credit card.
Savings: You save up to Rs.2400* on movie tickets, utility payments and 5% cashback on spending Rs.4000
EMI Conversion: This option let’s you convert big purchases into easy EMIs
Other Perks: The card also comes with offers on food, dining, entertainment along with the feature of Tap & Pay
*Terms and Conditions Apply
What are the Fee and Charges for Citibank Cashback Credit Card?
|Annual Fee||Rs. 500|
|Cheque/ECS/ACH bounce charge||Rs. 500 per returned instrument|
|Extended Credit Charges||Ranges between 37.20% to 42.00% per annum|
|Outstation Cheque Charge (based on the value of the cheque)||Up to Rs. 10,000 – Rs. 50 per cheque|
Rs. 10,001 to Rs. 1,00,000 – Rs. 100 per cheque
Above Rs. 1,00,001 – Rs. 150 per cheque
|Reissue of lost, stolen or damaged card||Rs. 100|
|Cash Advance Charges||2.5% of the amount/Min. Rs. 500. $7.5 at International ATMs|
Which are the other Credit Cards for Cashback?
Apart from Citibank Cashback credit card, there are many other cashback cards in the market today. HDFC MoneyBack, SCB Manhattan Platinum, SBI Card Elite, IndusInd Pinnacle, American Express Membership Rewards and HSBC Visa Platinum. Below is a detailed comparison:
|Credit Card||Annual Fee||Cashback Rate|
|HDFC MoneyBack Credit Card||Rs. 500||100 reward points = Rs.20 of cash credit|
|SCB Manhattan Platinum Credit Card||Rs. 999||Up to 10% direct cash back|
|SBI Card ELITE||Rs. 4,999||4 Reward Points equal to Re. 1 in cash|
|IndusInd Pinnacle Credit Card||Nil||1 Reward Point = Re. 1 of cash credit|
|American Express Membership Rewards Credit Card||Rs. 1,500||Rs. 7,500-10,000 cash credit against reward points|
|HSBC Visa Platinum Credit Card||Nil||2 Reward Points on spending Rs.150|
Who Should get CitiBank Cashback Credit Card?
CitiBank Credit Card is a beginner level credit card that has maximum features of cashback offers. With cashback on almost all your transactions,this makes it ideal for cardholders who are –
1. Looking for their first credit card and want to build their credit score.
2. Seeking cashback instead of Reward Points
Drawbacks of Citibank Cashback Credit Card
Indeed this is a very basic credit card and when it comes to offers and privileges, it does not have much to offer. Apart from that, some other cons of this credit card are:
- Since it is best suited for cashback, you don’t earn many reward points or have the option of redeeming them as you get direct cashback instead
- There aren’t any travel discounts/benefits on this card while many other basic credit cards with the same fee offer better travel offers
- Citibank Cashback card may not also be suitable if you are looking for fuel benefits
There are multiple credit cards in the market today that come with not only number of benefits but with a low annual fee. Citibank Cashback credit card does fulfil the criteria of having a low annual fee but when it comes to providing benefits to the users, cashback has been the only biggest feature.
If you want a beginner level credit card that focuses on giving cashback on movies and other online payments, then this is an ideal card for your usage. Other cashback credit cards that we suggest are HDFC MoneyBack and Standard Chartered Manhattan Platinum as they are popular among the millennials with entertainment privileges and affordable annual fee.