CitiBank Rewards Credit Card vs IndianOil Citi Credit CardCitiBank Rewards Credit Card vs IndianOil Citi Credit Card

CitiBank Rewards vs IndianOil Citi Credit Card

Citi Bank is widely recognized as one of the top credit card providers across the country, enjoying significant favor among its users. Despite offering a limited range of credit cards, the bank has secured a prominent position in the credit card market. This discussion will focus on two key offerings from CitiBank – The Citi Rewards Credit Card and The IndianOil Citi Credit Card.

Named the Citi Rewards Credit Card, this financial tool operates on a system centered around rewarding users with points. Its primary goal is to furnish cardholders with a diverse array of incentives. Points accrue as users make routine purchases, with particular advantages for spending within designated categories. Beyond this, the card offers added benefits, including bonus points upon signup and rewards linked to spending in the preceding month. These accumulated rewards are redeemable across a range of options via the bank’s online platform.

The IndianOil Citi Credit Card, on the other hand, is a collaborative effort between Citi Bank and Indian Oil Corporation. This co-branded credit card offers Turbo Points as a welcome bonus for the initial transaction. Accelerated Turbo Points are granted for fuel-related expenses, while regular rewards are earned for grocery, supermarket, and other expenditures. Additionally, the card provides enticing deals and discounts on dining, lifestyle, travel, and more.

Citi Bank’s credit cards offer significant advantages to customers, catering to various spending needs without repetition. The widespread popularity of Citi Credit Cards is attributed to these advantages. To gain a comprehensive understanding of the features and perks associated with these cards, continue reading this article.

Features and Benefits of CitiBank Rewards Credit Card and IndianOil Citi Credit Card

CitiBank Rewards Credit Card:

  1. Overview:
    • The Citi Rewards Credit Card is designed for rewarding spending with various benefits.
    • Initial bonus reward points are granted upon card issuance.
    • Accelerated reward points are earned at departmental stores and apparel outlets.
  2. Welcome Benefits:
    • 2,500 reward points offered as a welcome benefit.
    • 1,500 points for the first transaction within 30 days.
    • Additional 1,000 points for a Rs. 1,000 transaction within 60 days.
  3. Earning Reward Points:
    • 1 Reward Point (RP) for every Rs. 125 spent on all transactions.
    • 10x accelerated points for apparel and departmental store spending (capped at 504 points/month).
    • 300 bonus points for spending over Rs. 30,000 in the previous month.
  4. Renewal and Fees:
    • Annual fee: Rs. 1,000.
    • Renewal fee waived on spending Rs. 30,000 in the previous year.
  5. Dining Discounts:
    • 20% discount on dining bills at partnered restaurants.
  6. Redemption Options:
    • Earn points that can be used for fuel, shopping, travel expenses, cashback rewards, and AirMile/InterMile benefits.
    • Different redemption values for each category.
  7. Minimum Points for Redemption:
    • Fuel, online shopping, and travel: 250 points.
    • Cashback: 10,000 points.
    • AirMile/InterMile: 100 points.

IndianOil Citi Credit Card:

  1. Collaboration Overview:
    • Result of collaboration between Citi Bank and Indian Oil Corporation Limited.
    • Designed specifically for devoted patrons of Indian Oil Corporation Limited.
  2. Welcome Benefits:
    • Earn 250 Turbo Points when your transaction is successful within the initial 30 days.
  3. Earning Turbo Points:
    • 1 Turbo Point for every Rs. 150 spent on all transactions.
    • 2 Turbo Points for every Rs. 150 on supermarkets and groceries.
    • Additional point for purchases exceeding Rs. 5,000 (capped at 34 points/transaction).
    • Earn four times the usual points, called Turbo Points, when you make fuel transactions at IndianOil Outlets. However, there’s a cap of 267 points per transaction.
  4. Dining and Fuel Surcharge Waiver:
    • 20% discount on dining bills at partnered restaurants.
    • 1% fuel surcharge waiver at IndianOil outlets.
  5. Additional Benefits:
    • Up to 35% savings and a complimentary 1-night hotel stay on MakeMyTrip.
    • Enjoy cashback rewards when shopping at duty-free stores, along with exclusive savings on bookings with Yatra and Cleartrip, among a host of other enticing benefits.
  6. Renewal and Fees:
    • Annual fee: Rs. 1,000.
    • Fee waived on spending Rs. 30,000 or more in the anniversary year.
  7. Redemption Options:
    • Earn Turbo Points which can be used for various benefits such as fuel purchases, online or offline shopping, receiving cashback, as well as accumulating AirMiles or InterMiles.
    • Different redemption values for each category.
  8. Minimum Points for Redemption:
    • Fuel, online/offline shopping: 250 points.
    • Cashback: 10,000 points.
    • AirMile/InterMile: 100 points.

Comparison between CitiBank Rewards Credit Card and IndianOil Citi Credit Card

CitiBank Rewards Credit Card:

  1. Reward Rate:
    • 1 RP for every Rs. 125 spent.
    • 10 RP for every Rs. 125 spent on departmental stores.
    • 1 TP for every Rs. 150 spent.
    • 2 TP for every Rs. 150 spent at supermarkets.
    • 4 TP for every Rs. 150 spent on fuel.
  2. Reward Redemption:
    • You can exchange your accumulated rewards for various options like products, vouchers, or cash through the Citibank website.
    • Fuel, in-store purchases, online travel, and cashback all have different rates at which rewards can be redeemed.
  3. Fuel Surcharge Waiver:
    • Not applicable.
  4. Welcome Benefits:
    • Maximum of 2,500 Reward Points.
    • 250 Turbo Points as a welcome gift.
  5. Dining Benefits:
    • 20% off on dining bills.
  6. Milestone Benefit:
    • 300 bonus reward points on a monthly spend of Rs. 30,000.
  7. Joining Fee:
    • Rs. 1,000 + Applicable Taxes.
  8. Renewal Fees:
    • Rs. 1,000 + GST (Waivable upon spending over Rs. 30,000 in a year).
  9. Eligibility:
    • Issued to salaried employees and self-employed individuals aged 18 to 65.
    • Stable income source and good credit score required.

IndianOil Citi Credit Card:

  1. Reward Rate:
    • 1 TP for every Rs. 150 spent.
    • Various TP rates for different spending categories.
  2. Reward Redemption:
    • Similar redemption options as the Citi Rewards Credit Card.
    • Redemption rates differ for fuel, online shopping, in-store shopping, and cashback.
  3. Fuel Surcharge Waiver:
    • 1% surcharge waived at all IndianOil fuel stations.
  4. Welcome Benefits:
    • Maximum of 2,500 Reward Points.
  5. Dining Benefits:
    • 20% off on dining bills.
  6. Milestone Benefit:
    • Not applicable.
  7. Joining Fee:
    • Rs. 1,000 + Applicable Taxes.
  8. Renewal Fees:
    • Rs. 1,000 + Applicable Taxes (Waivable upon spending Rs. 30,000 in the previous year).
  9. Eligibility:
    • Issued to salaried employees and self-employed individuals aged 18 to 65.
    • Stable income source and good credit score required.

Which credit card suits you best?

  1. Citi Rewards and IndianOil Citi credit cards are both commendable options.
  2. Citi Rewards Credit Card is ideal for those seeking to accumulate reward points on various expenditures.
  3. Generous reward points are earned through welcome benefits and spending at departmental stores.
  4. Additional perks include a renewal fee waiver and milestone benefits.
  5. The IndianOil Citi Credit Card is designed specifically for those who make frequent purchases at fuel stations.
  6. Cardholders can enjoy up to 68 liters of free fuel annually.
  7. Turbo points are earned on all expenditures, with accelerated points for fuel transactions.
  8. Both cards have a joining fee of Rs. 1,000, requiring customers to choose based on their spending patterns.
  9. Citi Rewards suits those who spend more on departmental stores, while IndianOil Citi is for frequent fuel purchasers.

Frequently Asked Questions (FAQs)

Q1: What sets apart the Citi Rewards Credit Card from the IndianOil Citi Credit Card?

  • A1: The Citi Rewards Credit Card is geared towards accumulating reward points for everyday purchases, whereas the IndianOil Citi Credit Card caters specifically to individuals who regularly fuel up their vehicles.

Q2: What benefits do Citi Rewards Credit Cardholders enjoy?

  • A2: Citi Rewards Credit Cardholders can earn generous reward points as welcome benefits and on spending at departmental stores. The card also offers a renewal fee waiver, milestone benefits, and more.

Q3: What are the advantages of the IndianOil Citi Credit Card for fuel transactions?

  • A3: IndianOil Citi Credit Card users can receive up to 68 liters of complimentary fuel each year, along with earning turbo points on every purchase. Additionally, they earn extra points specifically on fuel transactions.

Q4: How does the joining fee compare between the two cards?

  • A4: Both cards have a joining fee of Rs. 1,000.

Q5: How should I choose between the two cards based on my spending habits?

  • A5: If you often shop at department stores, the Citi Rewards Credit Card is a great option. Alternatively, if you make frequent fuel purchases, the IndianOil Citi Credit Card would be more beneficial for you.

Q6: Do the two cards share any similar characteristics?

  • A6: Yes, both cards offer commendable options and cater to different spending preferences.

Q7: Can I earn reward points on general expenses with the IndianOil Citi Credit Card?

  • A7: Yes, the IndianOil Citi Credit Card allows you to earn turbo points on all your expenditures, not just fuel transactions.

Q8: What extra advantages does the Citi Rewards Credit Card provide aside from earning reward points?

  • A8: In addition to reward points, the Citi Rewards Credit Card provides a renewal fee waiver, milestone benefits, and various other perks.

Q9: Does the IndianOil Citi Credit Card offer a waiver of fees?

  • A9: It’s important to refer to the terms and conditions of the IndianOil Citi Credit Card for precise information regarding fee waivers.

Q10: Is it possible for me to possess both the Citi Rewards and IndianOil Citi Credit Cards concurrently?

  • A10: Certainly, you can possess both cards, yet it’s advisable to evaluate your spending habits and select the one that best suits your preferences.

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