Highlights
- Take a Look at the major differences between Citibank Rewards and Citibank Cashback Credit Card.
- Explore the features and benefits of these cards and find out the best one for yourself.
- Check their fees and other related charges before applying for them.
Individuals who are loyal to their banks always prefer a credit card of that bank only. The same thing happens with the Citibank Credit Cards because if a person has an account with Citibank then he will always apply for a Citibank credit card. But due to the availability of many Citibank credit cards, it becomes difficult for an individual to choose only one card. The two preferred cards are Citibank Rewards and Citibank Cashback Credit Cards. Therefore you must explore the difference between Citibank Rewards Credit Card vs Citibank Cashback Credit Card. You must take a look at the features and benefits of these cards and decide whether Cashback or reward point is beneficial for you.
Comparison of Citibank Rewards and Citibank Cashback Credit Card
| Basis of Difference | Citibank Rewards Credit Card | Citibank Cashback Credit Card |
|---|---|---|
| Welcome Offers | Get up to 2500 Reward Points on this credit card as a welcome gift. | There are no welcome offers available on this credit card. |
| Milestone Benefits | - Enjoy 300 Bonus Points on spending ₹30000 or more in a month. - Enjoy 1000 reward points on the first spend of ₹1000 within 60 days from the date of card issuance. | There are no milestone benefits available on this credit card. |
| Reward Points and Cashback | - Earn 10 Reward Points on every ₹125 spent on apparel and departmental stores. - Get 1 Reward Point on every ₹125 spend on any other category. | - Enjoy a Cashback of 5% on all the movie tickets purchased from this card and it will be a maximum of ₹100 per month. - Get a Cashback of 5% on all the utility bill payments paid online through this Citibank credit card. - Enjoy 5% Cashback on telephone bill payment. - 0.5% Cashback will be applicable on all the other transactions. |
| Reward Points Validity | There is no expiration date for the reward points earned on this credit card. | The Cashback will be auto-credited to your statement in the multiple of ₹500. |
| EMI Options | You can convert big purchases into EMIs through this credit card. | Big transactions can be converted to EMI through this credit card. |
| Other Benefits | Enjoy a savings of up to 15% across the participating restaurants with Citibank. | Save up to 20% across the participating restaurants through this Credit Card. |
Comparison of Citibank Rewards Credit Card and Citibank Cashback Credit Card Fees and Charges
| Fees | Citibank Rewards Credit Card | Citibank Cashback Credit Card |
|---|---|---|
| Joining Fees | As per Bank’s Norms | As per Bank’s Norms |
| Renewal Fees | ₹1000 | ₹500 |
| Waiving Off Criteria | Spend ₹30000 in a year and waive off the renewal fees. | There is no waiving off criteria. |
| Finance Charges | 3.25% per month | 37.20% to 42% per annum |
| ATM Cash Withdrawals Charges | 2.5% of the Amount | 2.5% of the Amount |
Eligibility Criteria for both the Credit Cards
| Criteria | Citibank Rewards Credit Card | Citibank Cashback Credit Card |
|---|---|---|
| Minimum Age of the Applicant | As per Bank’s Norms | As per Bank’s Norms |
| Maximum Age of the Applicant | As per Bank’s Norms | As per Bank’s Norms |
| Minimum Salary | Individual Must have a Stable Income | Individual Must have a Stable Income |
| Cibil Score of the Applicant | 750 and Above | 750 and Above |
| Citizenship Status of the Applicant | Must be a Citizen of India | Must be a Citizen of India |
Conclusion
You have seen all the major differences between Citibank Rewards Credit Card vs Citibank Cashback Credit Card and now you can make a one-sided choice. If you think that earning reward points would be more beneficial then you must go for the Citibank Rewards Card. You can redeem all the reward points on shopping. But if in case you want an instant saving through a Cashback then you must go for the Citibank Cashback card. It will give you a Cashback as soon as it reaches ₹500. So, the ball is in your court and you will have to decide on a card.
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