The range of Citi credit cards offers you the provision to make cashless transactions seamlessly by borrowing on the card. You can use it for shopping online and at retail outlets, pay utility bills with it, purchase fuel, pay for all travel-related expenses and do so much more. However, owning one of these diverse Citibank credit cards brings with certain fees and charges that are levied based on usage. Let us take a look at all these Citi credit card charges and fees.
Some of the Citi Bank credit card charges and fees that are levied on the cards under a variety of circumstances are mentioned below-
Citi credit card annual fee- This is the annual Citi card fees that you need to pay for owning a Citi credit card. In some cases, the Citi credit card fees may be waived off on achieving milestone spends.
Citi bank credit card late payment charges- The Citi credit card late fee is charged if you fail to clear the minimum due amount on your card within the payment due date.
Citi credit card over-limit charges- Such Citi credit card charges are applied when the spends on the card exceed the credit limit available on the card.
Citi credit card foreign transaction fee – The Citi card foreign transaction fee is charged when you use the credit card for transacting overseas.
Citi credit card finance charge- Citibank finance charges are levied on the outstanding dues if the balance isn’t cleared before the due date.
The Citi credit card fees and charges are different for different cards. Here is a list of common charges that you can incur on your Citi Bank credit card.
|
Citi Cash Back Credit Card |
Citibank Rewards Credit Card |
Citi PremierMiles Credit Card |
Citi IndianOil Credit Card |
Annual Fee |
INR 500 |
INR 1,000 (waived off against annual spends of INR 30,000 in a year) |
INR 3,000 |
INR 1,000 (waived off against annual spends of INR 30,000 in a year) |
Cash Advance Fee |
2.5% of amount withdrawn (min INR 500) |
2.5% of amount withdrawn (min INR 500) |
2.0% of amount withdrawn (min INR 300) |
2.5% of amount withdrawn (min INR 500) |
Late Payment Charges |
Total Amount due (INR 0- INR 1000) = Nil Total Amount due (INR 1000- INR 5000) = INR 450 Total Amount due (INR 5000- INR 10000) = INR 700 Amount due > INR 10000 = INR 950 |
Total Amount due (INR 0- INR 1000) = Nil Total Amount due (INR 1000- INR 5000) = INR 450 Total Amount due (INR 5000- INR 10000) = INR 700 Amount due > INR 10000 = INR 950 |
Total Amount due (INR 0- INR 1000) = Nil Amount due > INR 1000 = INR 100 |
Total Amount due (INR 0- INR 1000) = Nil Total Amount due (INR 1000- INR 5000) = INR 450 Total Amount due (INR 5000- INR 10000) = INR 700 Amount due > INR 10000 = INR 950 |
Overlimit Charges |
2.5% of the amount exceeded exclusive of taxes, charges and fees (minimum INR 500) |
2.5% of the amount exceeded exclusive of taxes, charges and fees (minimum INR 500) |
2.5% of the amount exceeded exclusive of taxes, charges and fees (minimum INR 500) |
2.5% of the amount exceeded exclusive of taxes, charges and fees (minimum INR 500) |
Returned Payment Charge (Cheque / ECS / ACH / SI Bounce Charge) |
INR 500 per payment returned |
INR 500 per payment returned |
INR 350 per payment returned |
INR 500 per payment returned |
Railway Ticket Booking Surcharge |
1.8% of the amount transacted |
1.8% of the amount transacted |
1.8% of the amount transacted |
1.8% of the amount transacted |
Finance Charges |
3.35% per month/ 40.2% per year |
3.35% per month/ 40.2% per year |
3.35% per month/ 40.2% per year |
3.35% per month/ 40.2% per year |
Fuel Transaction Charges |
1% surcharge + GST (reversed at IndiaOil outlets on transactions more than INR 10) |
1% surcharge + GST (reversed at IndiaOil outlets on transactions more than INR 10) |
1% surcharge + GST (reversed at IndiaOil outlets on transactions more than INR 10) |
1% surcharge + GST (reversed at IndiaOil outlets on transactions more than INR 10) |
Cash Deposit Charges |
INR 250 |
INR 250 |
INR 100 |
INR 250 |
Foreign Transaction Charges |
3.5% on mark-up |
3.5% on mark-up |
3.5% on mark-up |
3.5% on mark-up |
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The Citi credit card joining/annual fees vary from card to card and are communicated at the time the card is sourced. While all credit cards have an annual fee, some have the provision of being waived off in case of milestone spends.
For foreign transactions in US Dollars, a 3.5% mark-up on the INR equivalent of the spent in US Dollars is charged as Citi credit card foreign transaction fee.