Citi Prestige Credit Card Review

Citibank has a popular tagline “Live Richly and Never Sleeps”.  It’s following the exact same attitude to craft their financial products for their super-smart customers.  The citi prestige credit card is one such product that is designed to cater the need of their frequent flyers customers. It is one of the most premium credit cards offered by Citibank, which is filled with premium features and benefits such as free golf rounds to airport lounge access. This card has everything to make your lifestyle more premium. To know more about the citibank credit card check the details below. 

City Bank Credit Card Eligibility Criteria:

  • Resident Type: Indian.
  • Citibank credit card eligibility for salaried person:
    • Age: 21 – 60 yrs
    • Income: Rs. 25 lakh annually.
  • city bank credit card eligibility for self-employed person:
    • Age: 21 – 60 yrs
    • Income: Rs. 25 lakh annually.
  • Both salaried and self-employed applicants need to have a good credit score (750 or more).

You can apply for this citibank prestige credit card from the online application portal, once your application is submitted successfully, you can track the citi bank credit card application status from the Citi application tracking page

Documents Required To Apply For Citi Prestige Credit Card:

  • Photocopy of PAN.
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Membership number of Shoppers Stop Loyalty Programme.
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of the last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year and audited financials.
      • Proof of business

As per the new credit card rules, all new city bank credit cards are delivered in an inactive state, and to start using the cards, the user needs to activate the cards manually by generating a credit card PIN. You can also get some help on the citi bank credit card pin generation process from the 100xGain faq page

Citibank Credit Card Fees:

  • Citi bank credit card joining fee: Citibank will let you know the joining fee at the time of application.
  • Citi credit card annual fee: Rs. 20,000 + GST

Citibank Credit Card Benefits:

  • Attractive anniversary gift:

With this card, you will get 10,000 air miles and Rs. 10,000 vouchers from ITC hotels or Taj Groups. You will also get the Citi prestige gift voucher every year with the first transaction made with this card, the transaction has to be done within the first 60 days of a year.

  • Reward on every transaction:

This citibank credit card offers big reward benefits for its customers, the details of the citi credit card rewards scheme of the is described below:

Category of transaction Rate of earning reward points
For every transaction made within India 1 reward point for each Rs. 100 transaction
For every international transaction 2 citi bank credit card rewards for each Rs. 100 transaction

These citibank credit card reward points never expire so you can redeem them whenever you want. There are multiple citibank credit card reward points redemption options available for you. You can redeem them against air miles, 1 reward point = 4 air miles. Also you can use them for shopping or ticket booking, or even you can get a product using these points from the citibank credit card points redemption catalog.

  • Free access to airport lounges:

With this citi bank credit card, you will get unlimited access to more than 800 airport lounges worldwide under the priority pass program, both primary and add-on members will get this benefit.

  • Enjoy your stay at some of the premium hotels with attractive deals:

In the selected partner hotels will you will get the four night stay completely free. Also, this citibank card offers a free subscription to the Taj InnerCircle Epicure program. Not only that you can enjoy exclusive benefits and discounts on hotel bookings too.

  • Get a premium dining experience with exclusive discounts:

This citibank credit card offers a 20% discount on your dining bills at selected partner’s restaurants.

  • Free golf rounds that will make your weekends special:

You can enjoy golf with 4 free entries at selected golf courses across India. To book your free golf round, you have to call citibank credit card customer care no (1860-210-2484 or 022-4955-2484). 

  • Complimentary insurance coverage protection to support you in emergencies:

With this citibank bank credit card, you will get an overseas medical emergency coverage of USD 50,000. This offer is applicable if the cardholder is hospitalized for at least 24 hours.

  • Lost Card liability:

With your citi prestige credit card, you will get lost card liability upto Rs. 10,00,000, to avail of this facility you have to report within 2 days of the lost card. But if a scammer uses your credit card pin to make the transaction, the insurance coverage will not be applicable anymore.

  • Concierge service:

This citi bank credit card offers a personalized concierge team to assist you with travel bookings, entertainment, and lots more. This Citi credit card feature is also available outside of India.

  • Advanced contactless payment option:

You can now pay with just a wave, you don’t need to provide any PIN or swipe your card. You can pay a maximum of Rs. 2,000 with this feature. The cardholder can control the contactless payment option from your citibank credit card online banking account or from the citi mobile app.

  • Loan Against card:

With your citi bank prestige credit card, you can convert your available credit limit into an instant loan. You can also pay back the amount in easy monthly EMIs, to check the EMIs, you can check the citibank credit card statement.

  • Convenient citi credit card payment options:

You can pay citibank credit card bills online using your net banking account or by using any credit card payment app. But if you don’t have access to the above-stated citi bank credit card bill payment options, you can pay your credit card bill via NEFT, cheque, or from your nearby ATM. 

  • Security of citi prestige credit card:

This citi credit card comes with a build-in EMV chip, which is specially designed for convenience and security. It brings more security than the previous magnetic stripes.

Citibank Credit Card Charges:

Particular Payable amount
Citibank credit card cash withdrawal charge 2% against the amount (applicable once per withdrawal)
Finance Charge 3.75% monthly or 45% annually.
Citibank international credit card transaction charge 3.5% against the transaction amount (applicable once per withdrawal)
Add-on card fee None (for up to 5 cards)

Citi Bank Credit Card Helpline Contact Details:

  • Call the citi credit card customer care no: 1860-210-2484 or 022-4955-2484
  • Write to the citibank credit card customer care email id: customercare@citi.com 

100xGain Ratings:

7/10

Pros and cons of Citi Prestige Credit Card:

Pros  Cons  
  • Complimentary insurance coverage
  • Free access to airport lounge access
  • Attractive deals on hotel booking
  • Higher annual fee
  • The rate of earning reward points is not that good

Final Opinion:

It is one of the premium credit cards offered by Citibank, that offers loads of exclusive features and benefits. From the free lounge access to complimentary golf rounds, this card has everything that you can expect from a premium credit card. But the major drawback of this card is the massive annual fee, which is Rs. 20,000 per year, at this price point, you can get a more premium credit card than this. So I would suggest you take a look at the 100xGain top 10 premium credit cards page. You can also compare the alternative card options given below.

Alternative Cards: 

  1. Axis bank reserve credit card (Best for reward points and lounge access benefits)
  2. Axis Bank Miles and More Credit Card (Best for dining and lounge access benefits)
  3. ICICI Bank Visa Signature Credit Card (Best for dining and lounge access benefits)
  4. Standard chartered digismart credit card (Best for cashback and travel benefits)

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