Citi Prestige Credit Card vs ICICI Sapphiro Credit CardCiti Prestige Credit Card vs ICICI Sapphiro Credit Card

Citi Prestige vs ICICI Sapphiro Credit Card

Comparing different credit cards is crucial before making a final decision, especially when faced with the dilemma of choosing between two suitable options. If you’re in search of a premium credit card to elevate your lifestyle and are torn between the Citi Prestige and ICICI Sapphiro Credit Card, this article provides valuable insights. Both cards, issued by renowned companies in India, target high-net-worth individuals willing to pay a substantial annual fee for exclusive perks. While the Citi Prestige Card comes with a slightly higher cost compared to the Sapphiro Credit Card, its value becomes apparent for those who can strategically maximize credit card benefits.

Features and Benefits of Citi Prestige Credit Card and ICICI Sapphiro Credit Card

Citi Prestige Credit Card:

  1. Premium Offering:
    • Citi Bank’s most exclusive credit card.
    • Rs. 20,000 annual fee.
  2. Eligibility Criteria:
    • Targeted at high-earning individuals.
    • Requires excellent credit profile for approval.
  3. Welcome Benefits:
    • 2,500 bonus Reward Points.
    • Rs. 10,000 Taj voucher.
  4. Reward Points:
    • 2 points on international spend.
    • 1 point on domestic spend of Rs. 100.
  5. Redemption Options:
    • Redeem points for products, vouchers, air miles, Taj Inner Circle points, and IHG points.
  6. Memberships:
    • Receive both a complimentary Taj Epicure Plus membership and an Inner Circle Silver membership with no duplication.
  7. Lounge Access:
    • Unlimited free domestic and international lounge access for primary and supplementary cardholders.
  8. Golf Benefits:
    • 4 complimentary golf rounds and 4 lessons annually.
  9. Insurance Covers:
    • Accidental insurance cover of Rs. 5 Crores.
    • Lost card liability cover of Rs. 10 lakhs.
  10. Fuel Surcharge Waiver:
    • 1% fuel surcharge waiver at all Indian Oil fuel outlets.

ICICI Sapphiro Credit Card:

  1. Premium Status:
    • ICICI Bank’s second most premium credit card.
  2. Fees:
    • Joining fee: Rs. 6,500.
    • Renewal fee: Rs. 3,500.
  3. Welcome Benefits:
    • Gift vouchers worth up to Rs. 9,000.
    • Up to Rs. 750 cashback.
  4. Reward Points:
    • Get rewarded with up to 4 Reward Points for each Rs. 100 you spend.
  5. Redemption Options:
    • Redeem points against various products and voucher options at ICICI Rewards Portal.
  6. Lounge Access:
    • Enjoy up to four complimentary visits to domestic lounges every three months.
    • 2 complimentary international lounge access every year.
  7. Additional Benefits:
    • Buy 1 Get 1 Free offer on BookMyShow movie ticket bookings.
  8. Golf Benefits:
    • Free golf lessons and rounds annually.
  9. Insurance Covers:
    • Accidental insurance cover of Rs. 3 Crores.
    • Various other travel-related insurance covers.

Comparison between Citi Prestige Credit Card and ICICI Sapphiro Credit Card

Citi Prestige Credit Card:

  1. Annual Fee: Rs. 20,000
  2. Rewards Rate:
    • Earn one reward point for every Rs. 100 spent on domestic purchases.
    • 2 RPs on every international spend of Rs. 100
  3. Reward Redemption: Earned Reward Points redeemable at a rate of 1 RP = Re. 1
  4. Travel Benefits: Unlimited complimentary domestic and international airport lounge access
  5. Insurance Cover Against Air Accident: Air accident cover worth Rs. 5 Crores
  6. Spend-Based Waiver: Not applicable

ICICI Sapphiro Credit Card:

  1. Annual Fee: Rs. 6,500 (joining fee), Rs. 3,500 (annual fee)
  2. Rewards Rate:
    • You earn 2 reward points for every Rs. 100 spent on domestic transactions, without any repetition.
    • 4 RPs on every international spend of Rs. 100
  3. Reward Redemption: 1 RP = Re. 0.25 for redemption via the ICICI Rewards portal against various products and options
  4. Travel Benefits:
    • Enjoy the benefits of both a Taj Epicure Plus membership and an Inner Circle Silver membership, courtesy of our complimentary offer.
    • 16 complimentary domestic and 2 free international lounge accesses per year
  5. Insurance Cover Against Air Accident: Air accident cover worth Rs. 3 Crores
  6. Spend-Based Waiver: Annual fee waived on spending Rs. 6 lakhs or more in the previous year.

Which credit card suits you best?

  • The Citi Prestige and ICICI Sapphiro Cards belong to the super-premium tier, presenting alluring advantages to cardholders.
  • The Citi Prestige is ideal for frequent international travelers, granting unlimited lounge access.
  • For those traveling less often, the Sapphiro Credit Card provides a decent number of free lounge visits.
  • The Sapphiro Card stands out with its slightly elevated reward rate, whereas the Citi Prestige presents a wider array of travel-related redemption choices.
  • The Sapphiro Credit Card offers a lower annual fee, making it advantageous for people who don’t travel frequently.
  • Despite its high annual fee, the Citi Prestige is worthwhile for frequent travelers seeking super-premium benefits.
  • Both cards are excellent choices, and the decision depends on individual requirements.
  • Assessing individual requirements is essential. Should Sapphiro meet all necessary standards, its competitive pricing renders it a practical choice.
  • If a high annual fee isn’t a deterrent and super-premium benefits are sought, the Citi Prestige Credit Card is recommended.

Frequently Asked Questions (FAQs)

  1. Q: What are the yearly charges associated with the Citi Prestige Credit Card and the ICICI Sapphiro Credit Card?
    • A: The Citi Prestige Credit Card carries an annual fee amounting to Rs. 20,000. On the other hand, the ICICI Sapphiro Credit Card requires a joining fee of Rs. 6,500 along with an annual fee of Rs. 3,500.
  2. Q: How do the rewards rates differ between the two credit cards?
    • A: The Citi Prestige offers 1 Reward Point on every domestic spend of Rs. 100 and 2 RPs on every international spend of Rs. 100. On the other hand, the ICICI Sapphiro provides 2 Reward Points on domestic spending and 4 RPs on international spending, both for every Rs. 100.
  3. Q: What are the options for redeeming earned Reward Points on these credit cards?
    • A: With the Citi Prestige card, you can cash in your Reward Points at a conversion rate of 1 RP = Re. 1. Meanwhile, the ICICI Sapphiro card offers a different deal, letting you redeem your points at a rate of 1 RP = Re. 0.25 for a range of products and options accessible through the ICICI Rewards portal.
  4. Q: What travel benefits come with these credit cards?
    • A: The Citi Prestige grants unrestricted access to airport lounges worldwide, both domestically and internationally, as part of its complimentary perks. On the other hand, the ICICI Sapphiro offers complimentary memberships to Taj Epicure Plus and Inner Circle Silver, along with a total of 16 domestic and 2 international lounge visits per year.
  5. Q: What is the insurance cover against air accidents for both credit cards?
    • A: The Citi Prestige provides an air accident cover worth Rs. 5 Crores, while the ICICI Sapphiro offers an air accident cover worth Rs. 3 Crores.
  6. Q: Is there a spend-based fee waiver available for these credit cards?
    • A: The Citi Prestige does not have a spend-based fee waiver. On the other hand, the ICICI Sapphiro’s annual fee is waived on spending Rs. 6 lakhs or more in the previous year.
  7. Q: How can I choose between the Citi Prestige and ICICI Sapphiro Credit Card?
    • A: To choose between the two, consider your spending habits, preferences for travel benefits, and the value you place on rewards redemption options. Evaluate the features that align with your financial needs and lifestyle.

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