IndianOil CITI Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
IndianOil CITI Credit Card
Bank Name :
CITI Bank
Type :
Fuel Credit Card
Interest Rate :
3.75% per month (45% p.a.)
Eligibility :
You must be at least 18 years old.
You must have an Indian or multinational bank’s savings or current account in India.
You must have a good credit history and no payment defaults.
You must have a personal annual income of Rs. 4 Lacs and above (for both salaried and self-employed individuals).
You must have a current/permanent residential address in India.
Pros
Accelerated Rewards on Fuel spends
Earn on all Daily Spends: 2 Turbo points / Rs. 150 spent on groceries and supermarkets and 1 Turbo point / Rs. 150 on all other spends.
Fuel surcharge waiver: Get 1% fuel surcharge waiver on all transactions at IndianOil pumps.
Welcome bonus: Earn 250 Turbo Points on joining.
Cons
Limited reward program: The reward program is primarily focused on fuel spending, with lower rewards on other categories.
Points capping: There is a monthly cap of 267 Turbo Points on grocery and supermarket spending and 10,000 Turbo Points on fuel spending.
Limited network: The fuel surcharge waiver and Turbo Points are only applicable at IndianOil outlets.
Pros & Cons
Welcome Benefits
Customers can earn 250 Turbo Points on joining
Rewards System
2 Turbo points / Rs. 150 spent on groceries and supermarkets.
1 Turbo point / Rs. 150 on all other spends.
1 Turbo Point = Re. 1
Effective Cashback Rate: 1%
International Forex Markup
Up to: 3.5%
Welcome Benefits and Reward System
Special Features
Up to 20% savings across participating restaurants.
Eligibility Criteria
You must be at least 18 years old.
You must have an Indian or multinational bank’s savings or current account in India.
You must have a good credit history and no payment defaults.
You must have a personal annual income of Rs. 4 Lacs and above (for both salaried and self-employed individuals).
You must have a current/permanent residential address in India.
Benefits
Turbo Points: Earn points on eligible spends which can be redeemed for various rewards.
Additional Lifestyle Benefits: Airport lounge access, dining discounts, movie offers, etc. (varies by card).
Travel Perks: Some cards offer airfare discounts, travel insurance, etc.
No Foreign Transaction Fees: No additional charges on overseas transactions (applies to specific cards).
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the Citibank India website: Choose the specific IndianOil CITI Card you're interested in.
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
1800 267 2425 (India toll free) or +91 22 4955 2425 or +91 44 6698 2136 (local dialing)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Accelerated Rewards on Fuel spends
Earn on all Daily Spends: 2 Turbo points / Rs. 150 spent on groceries and supermarkets and 1 Turbo point / Rs. 150 on all other spends.
Fuel surcharge waiver: Get 1% fuel surcharge waiver on all transactions at IndianOil pumps.
Welcome bonus: Earn 250 Turbo Points on joining.
Limited reward program: The reward program is primarily focused on fuel spending, with lower rewards on other categories.
Points capping: There is a monthly cap of 267 Turbo Points on grocery and supermarket spending and 10,000 Turbo Points on fuel spending.
Limited network: The fuel surcharge waiver and Turbo Points are only applicable at IndianOil outlets.
MakeMyTrip ICICI Bank Credit Card
MakeMyTrip ICICI Bank Credit Card is a decent travel credit card. It gives your low forex charges, lounge benefits, and free membership to MMTBlack. It completely justified its fees.
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
There is no joining fee for the first year.
Late Payment Fee: Rs. 100 per month
Minimum Payable Amount: 5% of outstanding balance or Rs. 100, whichever is higher
Finance Charge: 3.75% per month (45% p.a.) on outstanding balance.
Foreign Transaction Mark-up fees: 3.5%
Fuel Surcharge
1% fuel surcharge (plus applicable GST) will be automatically reversed to your account within 7-10 business days of the transaction.
Billing Cycle
30 Days