Citi Credit Card Late Fee

Citi Credit Card Fees and Charges

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Citi Credit Card Charges

Citi Credit Cards have carved a special niche for themselves in the market. From the Citi Cash Back Credit Card which has an annual fee of only ₹500 to the Citi PremierMiles Credit Card whose fee is ₹3,000 - there is something for everybody. With CitiBank limiting their late payment charges, their credit cards surely make for a great choice for first time credit card users. CitiBank charges for an overlimit being a nominal 2.5% of the overlimit amount also makes Citi credit cards one of the best in the business.

Types of Citi Credit Card Charges and Fees

Some of the Citi credit card fees and charges that are levied on the cards under a variety of circumstances are mentioned below-

  1. Citi credit card annual fee- This is the Citi credit card annual fee 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.

  2. Citibank credit card late payment charges- The Citi credit card late payment fee is charged if you fail to clear the minimum due amount on your card within the payment due date.

  3. 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.

  4. Citi credit card foreign transaction fee – The Citi card foreign transaction fee is charged when you use the credit card for transacting overseas.

  5. Citi credit card finance charge- Citibank finance charges are levied on the outstanding dues if the balance isn’t cleared before the due date.

Charges and Fees for the Top 4 Citi Credit Cards

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 CitiBank credit card.

 

Citi Cash Back Credit Card

CitiBank Rewards Credit Card

Citi PremierMiles Credit Card

Citi IndianOil Credit Card

Annual Fee

₹ 500

₹ 1,000

(waived off against annual spends of ₹ 30,000 in a year)

₹ 3,000

₹ 1,000 (waived off against annual spends of ₹ 30,000 in a year)

Cash Advance Fee

2.5% of amount withdrawn (min ₹500)

2.5% of amount withdrawn (min ₹ 500)

2.0% of amount withdrawn (min ₹ 300)

2.5% of amount withdrawn (min ₹ 500)

Late Payment Charges

Total Amount due (₹ 0- ₹ 2000) = Nil

Total Amount due (₹ 2,000- ₹ 7,500) = ₹ 600

Total Amount due (₹ 7,500- ₹ 15,000) = ₹ 950

Amount due > ₹ 15,000 = ₹ 1,300

Total Amount due (₹ 0- ₹ 2000) = Nil

Total Amount due (₹ 2,000- ₹ 7,500) = ₹ 600

Total Amount due (₹ 7,500- ₹ 15,000) = ₹ 950

Amount due > ₹ 15,000 = ₹ 1,300

Total Amount due (₹ 0- ₹ 2,000) = Nil

Amount due > ₹ 2,000 = ₹ 100

Total Amount due (₹ 0- ₹ 2000) = Nil

Total Amount due (₹ 2,000- ₹ 7,500) = ₹ 600

Total Amount due (₹ 7,500- ₹ 15,000) = ₹ 950

Amount due > ₹ 15,000 = ₹ 1,300

Overlimit Charges

2.5% of the amount exceeded exclusive of taxes, charges and fees (minimum ₹ 500)

2.5% of the amount exceeded exclusive of taxes, charges and fees (minimum ₹ 500)

2.5% of the amount exceeded exclusive of taxes, charges and fees (minimum ₹ 500)

2.5% of the amount exceeded exclusive of taxes, charges and fees (minimum ₹ 500)

Returned Payment Charge

(Cheque / ECS / ACH / SI

Bounce Charge)

₹ 500 per payment returned

₹ 500 per payment returned

₹ 350 per payment returned

₹ 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 ₹ 10)

1% surcharge + GST (reversed at IndiaOil outlets on transactions more than ₹ 10)

1% surcharge + GST (reversed at IndiaOil outlets on transactions more than ₹ 10)

1% surcharge + GST (reversed at IndiaOil outlets on transactions more than ₹ 10)

Cash Deposit Charges

₹ 250

₹ 250

₹ 100

₹ 250

Foreign Transaction Charges

3.5% on mark-up

3.5% on mark-up

3.5% on mark-up

3.5% on mark-up

FAQ about Citi Fees and Charges

  • ✔️What are the Citi credit card charges for joining?

    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.

  • ✔️How much is the Citi credit card foreign transaction fees?

    For foreign transactions in US Dollars, a 3.5% mark-up on the ₹ equivalent of the spent in US Dollars is charged as Citi credit card foreign transaction fee.

  • ✔️What are the charges for Citibank Credit Card?

    CitiBank credit cards have different types of charges like annual fee, joining fee, cash advance fee, late payment charge, cash deposit charges, overlimit charges, returned payment charges etc. 

  • ✔️What is the late fee for Citi Credit Card?

    Usually, most Citi credit cards have the following late fee structure, when the total amount due is

    • ₹ 0- ₹ 2000), late fee is Nil

    • ₹ 2,000- ₹ 7,500), late fee is ₹ 600

    • ₹ 7,500- ₹ 15,000), late fee is ₹ 950

    • ₹ 15,000, late fee is ₹ 1,300