CITI Prestige Credit Card
Rewards & Benefits
Welcome Benefits
Customers get a welcome gift of 2,500 bonus points and benefits worth Rs. 10,000 from ITC/Taj.
Milestone Benefits
Cashback Rate
Users will be awarded a minimum of 1 reward point on every ₹ 100 spent on online and in-store purchases.
1 point = 1 INR. Effective cashback rate: 1%.
Users can earn 5x ThankYou points on flights booked directly with airlines or on select car rentals booked through Citi.
Movie Benefits
Dining Benefits
Other Benefits
4 complimentary golf rounds & golf lessons every year at over 15 leading golf clubs in India.; Users will get complimentary fraud insurance of Rs 10,00,000 with your Citi Prestige credit card.
Lounge Access
Fees & Charges
Joining Fee
INR 20,000 + GST
Annual Fee
Cash Advance Fee
Cash Advance Fee:2.5% of the withdrawn amount (minimum ₹300) when withdrawing cash using your card in India or abroad.
Interest rate
3.75% (45% annualized)
Late Payment Fee
Late Payment Fee:₹100 minimum or 5% of the outstanding balance (whichever is higher) for payment delays exceeding 5 days.
Foreign Currency Transactions Fee
Foreign Transaction Fee:3.4% of the transaction amount on all purchases made in a foreign currency, including cash advances.
Other Fees
Interest charges:3.75% (45% annualized).
Cons
High annual fee: The $550 annual fee can be a significant drawback for some applicants.
Credit score requirements: This card requires a good or excellent credit score for approval.
Foreign transaction fees: A 3% foreign transaction fee applies to purchases made outside the US.
Complex rewards program: Understanding the earning and redemption structure for ThankYou® Points can be confusing.
Benefits limitations: Some benefits, like the travel credit and airport transfers, have specific requirements and usage limitations.
Welcome Benefit: 2,500 bonus points and benefits worth Rs. 10,000 from ITC/Taj.
Reward System: Users will be awarded a minimum of 1 reward point on every ₹ 100 spent on online and in-store purchases. 1 point = 1 INR. Effective cashback rate: 1%. Users can earn 5x ThankYou points on flights booked directly with airlines or on select car rentals booked through Citi.
4 complimentary golf rounds & golf lessons every year at over 15 leading golf clubs in India.
Users will get complimentary fraud insurance of INR 10,00,000 with your Citi Prestige credit card.
Complimentary unlimited Priority Pass lounge access at over 1300 airports for primary as well as supplementary card members.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
You must be at least 21 years old.
You must have an Indian or multinational bank’s savings or current account in India.
You must have a good credit score.
You must have a personal annual income of at least Rs. 25,00,000.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the Citibank India website: Find the CITI Prestige Credit Card and click "Apply Now."
Enter your basic information: Name, address, date of birth, contact details.
Provide financial information: Income, employment, PAN number.
Review and submit application: Carefully review all details before submitting.
Document verification: Citibank may request document verification for income and address proof.
Approval and card issuance: You'll receive a notification about your application status within a few days. If approved, your card will be mailed within a week.
Contact Details
'+91-22-49181050 or Toll free 1-800-419-1050.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: 2,500 bonus points and benefits worth Rs. 10,000 from ITC/Taj.
Reward System: Users will be awarded a minimum of 1 reward point on every ₹ 100 spent on online and in-store purchases. 1 point = 1 INR. Effective cashback rate: 1%. Users can earn 5x ThankYou points on flights booked directly with airlines or on select car rentals booked through Citi.
4 complimentary golf rounds & golf lessons every year at over 15 leading golf clubs in India.
Users will get complimentary fraud insurance of INR 10,00,000 with your Citi Prestige credit card.
Complimentary unlimited Priority Pass lounge access at over 1300 airports for primary as well as supplementary card members.
High annual fee: The $550 annual fee can be a significant drawback for some applicants.
Credit score requirements: This card requires a good or excellent credit score for approval.
Foreign transaction fees: A 3% foreign transaction fee applies to purchases made outside the US.
Complex rewards program: Understanding the earning and redemption structure for ThankYou® Points can be confusing.
Benefits limitations: Some benefits, like the travel credit and airport transfers, have specific requirements and usage limitations.
The CITI Prestige Credit Card is a premium card for seasoned travelers and lifestyle enthusiasts who appreciate luxury travel perks, high miles earning on key categories, and additional lifestyle benefits. However, the high annual fee requires careful consideration and ensuring you can maximize the card's potential to justify the cost.
The CITI Prestige Credit Card is a premium card for seasoned travelers and lifestyle enthusiasts who appreciate luxury travel perks, high miles earning on key categories, and additional lifestyle benefits. However, the high annual fee requires careful consideration and ensuring you can maximize the card's potential to justify the cost.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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