IndianOil Citi Credit Card

Note: Citibank’s retail business in India has been acquired by Axis Bank. It is unlikely that you will be able to sign-up for Citibank credit cards any more.

The Bottom Line

Low Fee, Lower Rewards

4 Turbo points / ₹ 150 on fuel at IOCL pumps, 2 points on grocery & shopping and 1 point on all other spends.

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Monthly Spend	₹5K	₹10K	₹20K	₹50K	₹100K
Net Reward Yield	0.3%	0.3%	0.3%	0.3%	0.3%
Est. Monthly Reward (₹)	10	30	60	150	305
All-India Rewards Rank*	124	184	252	321	326
Within Bank Rank*	5	5	6	6	6
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here. ^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The IndianOil Citi Credit Card gives 0.90% effective reward on fuel at IOCL pumps, 0.40% on grocery & shopping and 0.20% for all other spending.

This card gives a net reward yield of 0.3% on all your spending. That is a relatively low net reward yield and there are better options available.

The Citi Cash Back Credit Card is the best credit card from Citibank India, if you spend less than ₹50,000 on your card each month.

You can earn a net reward yield of 0.9-1.2% on all your spend with this card.

Go for the Citi PremierMiles Credit Card if you spend more than ₹50,000 a month on the card. The PremierMiles gives you a net reward yield of 1.5-1.9% on your total spending.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card	IndianOil Citi Credit Card
Card Type	Reward
Reward Features	4 Turbo Points / ₹ 150 on Fuel at IOCL Pumps 2 Turbo Points / ₹ 150 on: – Grocery – Shopping 1 Turbo Point / ₹ 150 on all other spends
Milestone Rewards	Nil
Other Rewards	– 20% discount on dining bills at partner restaurants – 15% discount on Vista Rooms
Rewards Redemption Fee	Nil
Reward Caps	₹5,000 on Grocery and Shopping
Preferred Redemption Method	Reward can be converted to partner airlines and vouchers @ ₹0.35/ point

Fees & Charges

Card		IndianOil Citi Credit Card
Joining Fee		₹1,000 + Taxes
Annual Fee		₹1,000 + Taxes
Min. Annual Credit Card Spend for Fee Waiver		₹30,000
Income Criteria	Salaried	N/A
Income Criteria	Self-employed	N/A
Supplementary Card Fee		Free
Interest Rate		45.00%
Foreign Currency Markup		3.50%
Cash Advance Charge		2.00% with a minimum of ₹500