Citibank Credit Cards Migration to Axis Bank Credit Card- What Changed? – 09 July 2024

Citi Cashback Credit score Card, migrated to Axis Cashback Credit score Card, has gone by the utmost revision compared to different playing cards. Whereas the Citi variant supplied the best cashback of 5% on utility invoice funds, motion pictures, and phone payments, this card retains issues completely different. The cardboard has a brand new accelerated class—on-line buying—that may fetch customers as much as 7% cashback. Moreover, the Axis variant works on a tier-based construction, providing the utmost returns on spends past Rs. 40,000. Not like most bank cards which have an analogous annual payment as earlier, right here the payment has been elevated from Rs. 500 to Rs. 1,000.

Citi Money Again Credit score Card
Axis Cashback Credit score Card

Annual Charge
Rs. 500
Rs. 1,000

Bonus factors on card activation
–
5000 Edge reward factors value Rs. 1,000

Accelerated Cashback
5% cashback on Motion pictures, Phone and Utility invoice funds (as much as Rs. 100 per 30 days, per class)

2% cashback on month-to-month on-line spends of as much as Rs. 5,000 (Max. Rs. 100)
5% cashback on month-to-month on-line spends between Rs. 5,001 to Rs. 40,000 (Rs. 1,750)
7% cashback on month-to-month on-line spends above Rs. 40,000 ( Rs. 2,150)
5% cashback on utility spends, as much as Rs. 100 in a month

Base Cashback
0.5% cashback on different spends
0.75% cashback on offline & journey spends

Different Advantages
–
25% on the spot low cost by way of EazyDiner

With 7% cashback on month-to-month spends above Rs. 40,000, the cardboard has gone past the usual worth of 5% on most cashback bank cards. Nevertheless, whereas assembly the best tier that requires a month-to-month spend of Rs. 40,000 may very well be difficult for some, it may yield good returns for prime spenders. One other good factor is that the cardboard contains utility invoice funds in its cashback program, an usually excluded class, particularly on Axis bank cards. However, in contrast to different cashback playing cards like HDFC Millennia, it doesn’t supply any complimentary lounge entry or gasoline surcharge waiver.