Confused between the Citi Cashback and CitiBank PremierMiles credit card? In this article, we have discussed the features and benefits of both these credit cards in a comparative manner so that you can choose the right card for yourself.
Before you begin with the comparison, you need to identify your needs and spending habits first so that you can choose the one that matches them. Choosing the right card can help you maximise its benefits. Keep reading to kick start your research.
Citi Cash Back Credit Card
This is an entry-level credit card and is ideal for first-time credit card users. The Citi Cashback credit card lets you enjoy shopping and dining benefits. Here are the key features and benefits o this credit card.
Joining Fee: Rs. 500 Plus Applicable Taxes
Renewal Fee: Rs. 500 Plus Applicable Taxes
Features and Benefits:
- Earn 5% cashback on booking movie tickets, utility bill payments, and telephone bill payments.
- Earn 0.5% cashback on all other spending using this credit card.
- Save up to 20% on dining bills at partner restaurants.
- Get a 1% fuel surcharge waiver on fuel transactions at authorized Indian Oil fuel stations.
Citibank PremierMiles Credit Card
This credit card is a premium credit card and is a highly rewarding card. The Citibank PremierMiles Credit Card comes in two variants MasterCard and Visa. With this card, you get to enjoy shopping, dining, and travel benefits. Under given are the key highlights of this credit card.
Joining Fee: Rs. 3,000 Plus Applicable Taxes
Renewal Fee: Rs. 3,000 Plus Applicable Taxes
Features and Benefits:
- With this card, you get a welcome benefit of 10,000 miles on spending Rs. 1,000 or more within 60 days of card issuance.
- Earn 10 miles on every Rs. 100 spent on transactions made on the Premiermiles website.
- Earn 4 miles on every Rs. 100 spent on all other transactions except on utility transactions, insurance, educational institutions, government institutions, etc.
- Enjoy 6 complimentary domestic airport lounge access per quarter with the Mastercard variant and 8 complimentary domestic airport lounge access per quarter with the Visa variant.
- Save up to 20% on dining bills at partner restaurants.
- Covers personal air accident insurance worth Rs. 1 crore.
- Get a 1% fuel surcharge waiver on fuel transactions at authorized Indian Oil fuel stations.
Bottom Line:
To summarise, on comparing both the cards, we can say that the Citibank PremierMiles credit card has more features and benefits as compared to the Citi Cash Back credit card. The huge difference between the two is their membership fee also. If you can afford the Citibank PremierMiles credit card then you must go for it, in case you are just starting off with the credit journey then you must apply for the Citi Cash Back credit card. All you need to remember is to adhere to the timely repayment cycles and a low credit utilisation ratio. Using a credit card wisely is the key to maximising its benefits tenfolds.
Additional Reading: What are the requirements for getting your first credit card?