If you are someone who loves to get cashback on almost every regular purchase, then the Citi Cash Back Credit Card is the ideal fit for you. As the name suggests Citi Cash Back Credit Card provides cashback on many transactions including utility bills, phone bills, movie tickets, etc. This is an entry-level credit card that comes at an annual fee of Rs. 500.
Pros
1. Unclaimed cashback never expires
The fear of losing collected cashback before it can be used always keeps us on our toes but with Citi Cash Back Credit Card there is no such problem. One of the main advantages of the Citi Cash Back Credit Card is that the cashback you accumulate never expires. You can keep collecting it and use it whenever you want in the future.
2. Cashback advantages
The Citi Cash Back Credit Card is well-known for its cashback perks; it offers a 5% reward on all phone and cinema pass purchases, and bill payments made using Citibank Online Bill Pay will also result in 5% cashback for the cardholder. For every additional transaction, you will receive 0.5% cashback.
3. Other benefits
- Other than cashback the Citi Cash Back Credit Card also provides many other benefits like dining benefits, shopping benefits, EMI options, contactless payments, etc.
- Dining benefits include When dining at selected establishments, customers can save up to 20% on food expenses.
- Shopping benefits enable you to access many deals and discounts from partner brands.
- Through the EMI option cardholders can make any large transaction and instead of paying the bill in one go, they can split the amount into small monthly installments.
- For transactions under Rs. 2000, customers may also simply tap and pay. To use this function, search for the Tap N Pay icon on the POS device at retail establishments.
Cons
4. Limit on cashback
As much cashback as this credit card provides the limit on how much you can collect is not a very good deal. A major disadvantage of Citibank’s cashback credit card is that there is a limit on how much cashback you can receive, the limit set at Rs. 100 per month.
5. No welcome or joining benefits
Another thing that many users look forward to is the welcome benefits a credit card offers, however, in this area, Citi Cash Back Credit Card lacks as it does not offer any welcome or joining benefits to the cardholders.
6. Lower than average cashback
Being a cashback credit card does not provide a very good deal when it comes to cashback, as it provides 0.5% cashback on all transactions other than payment of utility bills, telephone bills, and movie tickets on which it provides a 5% cashback.
BOTTOM LINE
In addition to being a good card for purchasing cinema tickets, the Citibank Cashback Credit Card is often used for paying cell phones and utility bills. Monthly transactions made via Citi Bill Pay or Citibank digital transactions that have been registered for and billed with the cashback percentage are considered. The card remains a flexible alternative, particularly for those who are ineligible for nicer reward cards, despite the fact that the cashback areas are restricted.
Also Read This: The Impact of Credit Card Cashback on Your Credit Score
Jyoti is unique blend of expertise, extensive experience, and a genuine passion for credit cards positions him as an exceptionally well-suited and engaging content writer. His profound insights into the Indian credit and banking sectors have empowered him to craft numerous informative and captivating blogs.