Citibank Rewards Card Review

If you love reward points on your credit card, Citibank Rewards Card is the best for you. Normally credit card reward points are tough to accumulate and they expire after few months if you can't utilize them. But Citibank Rewards Card helps you to accumulate reward points faster and they never expire. Here is how you can accumulate reward points:

1. First and foremost benefit of the card is welcome gift of 1400 Rs in terms of different gift vouchers
2. 2500 bonus reward points will be credited on your first purchase if purchase made in 30 days
3. 1 reward point for every 125 Rs spent
4. 10 times the Reward Points on spends at Apparel and Department Stores
5. 1000 bonus reward points if 1 lac spent for a given quarter
6. 300 bonus points on statement on email (green points)
7. 1000 bonus points every year to renew card
8. 500 bonus reward points on every birthday
9. 500 bonus reward points for additional card

There are plenty of ways to accumulate reward points. But most important question is what to do with those reward points? How much they worth? Each reward point worth 40 paise. It means Citibank gives for first year (2500+300+500=3300 points) and for subsequent years (1000+500=1500 points) free of cost. They worth 1320 Rs for first year and 600 Rs for subsequent years. Apart from this, rewards points will keep coming with all your purchases mainly on apparels.

Apart from this, there is no joining fee and no annual fee (if annual spend is 30,000 or more). You can apply online from their website citibank.co.in.

Below are reward point redemption options for the card:

1. From Citibank reward catalogue - can buy gift vouchers from various option available
2. Online redemption from website like indiaplaza.com, bookmyshow.com
3. Cashback: redeem against statement outstanding

However there are few drawback of this card:

1. 10 times reward point limit is for 7000 Rs per month
2. Not all store comes under  Apparel and Department Stores. For example D-Mart purchases are not qualified for 10 times reward. But BigBazzar, Hypercity purchases qualify for 10 times rewards.