Citibank Rewards Credit Card vs Citibank Cashback Credit Card

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.

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    Comparison of Citibank Rewards and Citibank Cashback Credit Card

    Basis of DifferenceCitibank Rewards Credit CardCitibank Cashback Credit Card
    Welcome OffersGet 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 ValidityThere 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 OptionsYou can convert big purchases into EMIs through this credit card.Big transactions can be converted to EMI through this credit card.
    Other BenefitsEnjoy a savings of up to 15% across the participating restaurants with Citibank.Save up to 20% across the participating restaurants through this Credit Card.
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    Comparison of Citibank Rewards Credit Card and Citibank Cashback Credit Card Fees and Charges

    FeesCitibank Rewards Credit CardCitibank Cashback Credit Card
    Joining FeesAs per Bank’s NormsAs per Bank’s Norms
    Renewal Fees₹1000₹500
    Waiving Off CriteriaSpend ₹30000 in a year and waive off the renewal fees.There is no waiving off criteria.
    Finance Charges3.25% per month37.20% to 42% per annum
    ATM Cash Withdrawals Charges2.5% of the Amount2.5% of the Amount

    Eligibility Criteria for both the Credit Cards

    CriteriaCitibank Rewards Credit CardCitibank Cashback Credit Card
    Minimum Age of the ApplicantAs per Bank’s NormsAs per Bank’s Norms
    Maximum Age of the ApplicantAs per Bank’s NormsAs per Bank’s Norms
    Minimum SalaryIndividual Must have a Stable IncomeIndividual Must have a Stable Income
    Cibil Score of the Applicant750 and Above750 and Above
    Citizenship Status of the ApplicantMust be a Citizen of IndiaMust 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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