Citibank’s Low Interest Credit Cards

Credit cards have already become very popular in India and the plastic money trend is now catching up very fast even in the Tier3 and 4 cities of India. Every bank or credit card company now offers different types of cards catering to different types of users. Citibank is a pioneer in offering credit cards in India and the company offers a range of low interest credit cards for general use as well as specific purpose cards like travel cards, petro cards etc.

An overview of Citibank’s Credit Cards

Citibank offers a wide range of credit cards under 4 categories: featured cards, travel cards, shopping cards and fuel cards.

Citibank Rewards Card is a popular shopping card offered by the bank. With this card one point on every Rs.125/- spent with it at apparel and department stores. It is best suited for both shopaholics as well as for everyday use. Citibank PremierMiles Card offers earning for every 100miles spent on airline and therefore is an apt card for frequent travellers. IndianOil Citibank Platinum Credit Card offers savings of 5% every time you fill oil at Indianoil outlets, along with a full waiver of fuel surcharge. Citibank Cash back Credit card is popular credit card suitable for any type of users.

Cash back Titanium credit card is a popular low interest credit card offered by Citibank. The interest rate charged by Citibank for late paying card users is 2.5% per month, and this is subject to change with reference to the amount spent, payback offers and card utilization. The late payment fee of the card varies from Rs. 300- Rs.700 depending on outstanding amount. Besides a nominal joining fee, there will be an annual fee of Rs.500 for Titanium credit card. The card has some attractive features like up to 5% cash back on spends like movie ticket purchases, telephone and utility bill payments, etc. However, if you withdraw cash through ATM against a Titanium credit card, there will be additional cost of 2% of the amount withdrawn.

Advantages of credit cards

Credit card has several advantages as it helps you to pay without carrying money in hand. The convenience of pay later is very helpful in several situations for many travelers as well as households. But if your credit card dues are not paid on time and if your expenses are not monitored, cards can put you in financial debts.

Almost all credit cards offer several cash back offers, bonus points or reward points for purchases made using it. Keeping a track of your points accumulated at least once in a year will be a good idea, as all points comes with an expiry period, which means, it may lapse if not used.

Things to note:

Some low interest credit cards come with comparatively higher joining fees, annual fees and other charges. So make a comparative study of the shortlisted cards before you make a decision to purchase credit cards. BankBazaar.com is a leading financial portal in India, offering complete comparison of various credit cards issued by all banks online, in a very user friendly way. You can also apply for Citibank credit cards online at BankBazaar.com