I value Citibank Cashback Credit Card a little above Citibank Rewards Credit Card which i reviewed recently. That’s because Cashback card gives 0.5% on any purchase which is more like ICICI Bank Platinum Chip Credit Card that gives similar reward rate as payback points. One advantage of the card is that you get 5% off on movie tickets and telephone bill payments. While that might sound good, i’m enjoying better offers on Bookmyshow and Paytm 😉
Citibank Cashback Credit Card Reward Rate:
- 5% cash back on movie ticket purchases
- 5% cash back on all your telephone bill payments
- 0.5% Cash Back on all other spends.
- Pay through Citibank Online Bill Pay and get 5% cash back on Utility Bill Payments
Note: Cash back in the Telephone / Movies / Utility category is capped at Rs.100 per month for each category.
5% Cashback looks good isn’t it? NO, Why would you choose this card to pay for movie while you can get tickets for free with Bookmyshow offers. I’m using Amex Bookmyshow Offer and SBI Signature Credit card bookmyshow offer to enjoy free movies every month.
Now, utility/Mobile bill payments are also taken care by frequent offers from Paytm and other related sites. So if you’re getting the card, only reason has to be that you get 0.5% Cash Back on all other spends which is not bad.
Features of Citibank Cashback Credit Card:
- CardExpert Rating: 3/5
- Reward rate: 0.5% – 5%
- Foreign Exchange Markup fee: 3.5% + Service Tax
This is again a very beginner range credit card similar to Citibank Rewards Credit Card but is actually better than that. Major difference between rewards card and cashback card is that in cashback card, there is no concept of reward points and so you can’t redeem anywhere else except statement credit.
Do you hold Citibank Cashback Credit Card? Please share your experience below.