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CIBIL Score for Citibank Credit Card

Citibank is very well known across the world as a leading financial service provider. Citibank India is the banking division of Citigroup operating in India. Citibank India offers a wide range of financial services such as commercial loans, home loans, personal loans, mortgages and credit cards and extended lines of credit. With respect to credit cards, Citibank India offers four exclusive credit cards which come with multiple features and benefits on fuel, travel, lifestyle, fine dining, shopping cashback, reward point and much more. One of the unique features is that you can refer a Citibank credit card to your family and friends and earn cash up to ₹9,999. But not everyone is eligible for a Citibank credit card. One of the important eligibility criteria is that of a CIBIL score. Read more to find out.

Importance of CIBIL Score for getting a Citibank Credit Card

When you apply for a Citibank credit card, the bank looks through your Credit Information Report from Credit Information Companies like TransUnion CIBIL to determine your credit history and creditworthiness before approving your credit card application. A good CIBIL score is the most important eligibility criteria that a potential borrower should fulfill to acquire a Citibank credit card. Credit information companies like TransUnion CIBIL are among the credit bureaus in India which construct credit scores on potential borrowers and corporates. The information collected is collated into a credit information report which has your mentioned CIBIL score. Citibank usually does not issue a credit card to a borrower with a low CIBIL score. The minimum CIBIL score required to get a Citibank credit card is 750 and above .

Citibank Credit Card Information

If you seek a Citibank credit card, you should go through the complete eligibility criteria mentioned below.

CriteriaDescription
Min age21 years
Max age65 years
StatusSalaried or Self-Employed
ID ProofAadhaar Card, Passport, PAN, Voter ID, Driving License
Address ProofAadhaar Card, Passport, Utility Bills, Rental Agreement
Income Proof3 months’ salary slips or bank statement, credit card statement, ITR
Employment ProofAppointment Letter, Offer Letter, Employee ID
Photograph2 passport size photographs

Each Citibank card come with features unique to the card itself. Hence, the minimum annual income requirement varies from card to card and so does the age of the applicant.

Citi Cash Back Credit Card

Note: All information regarding benefits and features has been sourced from the official website of Citibank.

CriteriaBenefits and Features
ContactlessThis card comes with a contactless feature where you can make a payment of up to ₹2,000 without using your security PIN code.
Savings- 5% cashback on movie ticket purchases, telephone bill or utility bill payment.
- 0.5% cashback on all other spends.
Redemption PointsRedeem your cashback points in multiples of Rs. 500.
Dining PrivilegesUp to 15% savings on bills across participating restaurants
EMI PrivilegesSelect easy EMI options at more than 2,000 consumer electronics and mobile phone outlets, leading retail chains and e-retailers.
Interest RateThis card comes with a variable interest rate ranging between 37.20% and 42.00% per year.
Annual FeeRs. 500

IndianOil Citi Platinum Credit Card

A co-branded credit card of Citibank India and IndianOil which provides offers on fuel payments in the form of turbo points. You get to earn turbo points on all your purchases.

CriteriaBenefits and Features
Turbo Points- 4 Turbo Points on Rs.150 of fuel purchases at IndianOil Retail Outlets.
- 2 Turbo Points on Rs.150 at grocery and supermarkets.
-1 Turbo Point on Rs.150 spent on Shopping, Dining and more.
ContactlessThis card comes with a contactless feature where you can make a payment of up to ₹2,000 without using your security PIN code.
Redemption PointsOption to redeem your Turbo Points for free fuel at over 1200+ authorized IndianOil Retail Outlets.
Dining PrivilegesUp to 15% savings on bills across participating restaurants along with Personal Concierge Services.
EMI PrivilegesSelect easy EMI options at more than 2,000 consumer electronics and mobile phone outlets, leading retail chains and e-retailers.
Interest Rate3.25% per month (39% per annum)
Annual FeeThe annual fee on the card is Rs.0 when you spend Rs.30,000 or more or else Rs. 1,000 per annum.

Citi Rewards Credit Card

ContactlessThis card comes with a contactless feature where you can make a payment of up to ₹2,000 without using your security PIN code.
Reward Points- 10X Reward Points on spends at apparel and department stores.
- 1 Point for every Rs125 on all other purchases.
Bonus Points- 1,500 bonus points on your first spend made within 30 days of card issue.
- 1,000 bonus points on your first spend of Rs. 1000 made within 60 days of card issue.
- 300 bonus points on card spends of Rs. 30,000 or more in a month.
Dining PrivilegesUp to 15% savings on bills across participating restaurants along with Personal Concierge Services.
EMI PrivilegesSelect easy EMI options at more than 2,000 consumer electronics and mobile phone outlets, leading retail chains and e-retailers.
Interest Rate3.25% per month (39% per annum).
Annual FeeThe annual fee on the card is Rs.0 when you spend Rs.30,000 or more or else Rs. 1,000 per annum.

Citi PremierMiles credit card

A credit card which offers bonus air miles on purchases made. You receive miles on all of your spends which can be redeemed for flights and hotel stays. Such a card is ideal for businessmen who travel frequently.

ContactlessThis card comes with a contactless feature where you can make a payment of up to ₹2,000 without using your security PIN code.
Bonus Miles- Get 10,000 Miles with your first spend of Rs.1,000 or more within 60 days of card issuance.
- Get 3,000 Miles on Card renewal.
- Get 10 Miles per Rs.100 when you book flight tickets and hotel stays from Premiermiles India.
- Get 10 Miles per Rs.100 spent on all airline transactions.
- Get 4 Miles for every Rs.100 spent on all other transactions
Frequent Flyer ProgramUnder this facility, you earn Miles for the ticket purchased at 10 Miles per Rs.100 rate using your Citi PremierMiles credit card.
Dining PrivilegesUp to 15% savings on bills across participating restaurants along with Personal Concierge Services.
EMI PrivilegesSelect easy EMI options at more than 2,000 consumer electronics and mobile phone outlets, leading retail chains and e-retailers.
Lost Card LiabilityLost Card Liability Cover of Rs. 2 Lakhs.
Interest RateThis card comes with a variable interest rate ranging between 37.20% and 42.00% per year.
Annual FeeRs. 3,000 for card issuance and rest annually.

Probable reasons for Citibank Credit Card rejection

  • Lower CIBIL Score - As mentioned before, if you have a poor or low CIBIL score, Citibank will most likely reject your credit card application. It is advisable that you apply for a Citibank credit card only when you have a CIBIL credit score of 750 or more.
  • Age and Income - Each credit card offered by Citibank has got different eligibility requirements. If you do not meet the standard age qualification for a Citibank credit card, your application will likely face rejection. The same applies to income, each credit card has a different income requirement. The bank sets the minimum income criteria, if you fail to meet the minimum income criteria, your application will get rejected for sure.
  • Hard Inquiries - Every time you apply for a credit card, Citibank makes a hard inquiry. If you have had multiple hard inquiries in the recent past, it will have a negative impact on your score. This will further increase your chances of credit card rejection.

Tips for improving CIBIL score to get Citibank Credit Card

  • It is advisable that you begin with credit repair. If you have an existing credit card, maintain a good credit utilization rate.
  • If you are a first time applicant without a credit history, consider getting yourself a secured credit card. A secured credit card is given against a fixed deposit.
  • Clear all your existing debts, loans, EMIs, bills or any due amount. Keep a regular check on your CIBIL credit report and make sure it is updated without any discrepancies.
  • Pay all your EMIs and loan payments on time. Not only does this help in credit repair, but also improves your financial history over the long run. ###Can I get a loan on Citibank Credit Card? Yes, you can avail a loan on Citibank credit card. The loan amount can be over and above your credit limit with multiple and flexible payment options of 6/12/24/36/48 months.

FAQs On CIBIL Score for Citibank Credit Card

What if I have a low CIBIL score, will Citibank still give me a credit card?

No, you need to have a minimum credit score of 750 or above in order to get a Citibank credit card.

Does skipping Citibank credit card payment affect my CIBIL Score?

Yes, skipping even a single Citibank EMI or credit card bill payment can have a negative impact on your CIBIL credit score.

Can I get more than 3 Citibank credit cards if I have a good CIBIL score?

No, you can avail only one credit card at a time from Citibank, irrespective of a good CIBIL score.

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