Reward Point Benefits of the Card
The credit card limit for the Citibank Corporate Card will be assigned by the company as well as the bank. There will be several factors at play in order to assign the card limit such as the credit score of the employee, the designation along with the past repayment habits of the employee as well.
|Type of Charge||Fees|
|Joining Fees and Annual Fees||All the fees that are applicable to both Principal and Additional card will be communicated when the cards are sourced|
|Over Credit Limit charge||N/A|
|Charges for Late Payment (monthly basis)||Payments that are overdue for up to 30 days – 2.75% Payments overdue for more than 30 days – 4.50%|
|Cash Advance Fee||2.0%. The Cash Advance Fee is subject to $7.5 at International ATMs and Rs.300 in India|
|Railway Ticket booking surcharge (bookings via Internet)||1.8% of the value of transactions for all regular transactions 2.8% of the value of the transaction for 3 EMI transaction|
|Railway Ticket booking or cancellation surcharge (at the counter)||2.5% of the transaction amount (subject to a minimum of Rs.250)|
|ECS Bounce / Cheque Bounce charges||For every returned ECS / returned cheque – Rs.350|
|Charges for Card Replacement||Rs.100|
|Credit Card repayments made by cash at Citibank branches||Rs.100|
|Request for Statement beyond three months||Rs.100|
|Charges for Outstation cheques||Up to Rs.10,000 – Rs.50 per cheque Rs.10,001 to Rs.1,00,000 – Rs.100 per cheque Above Rs.1,00,001 – Rs.150 per cheque|
|Transaction of Foreign Currency||Mark of 3.5% along with all applicable taxes|
|Transaction charges for Petrol||2.5%. It is subject to a minimum of Rs.10|
|Credit Card repayments made by cash at Citibank ATMs||Rs.50|
The eligibility criteria will be decided by the company where the employee works. The documents required will also be given by the company to the bank in order to complete the process.
For more details follow this link - Citi Credit Card Detailed T&Cs
The Visa IntelliLink Spend Management tool is smart and powerful and helps you to keep a track of all your corporate expenses made using the Citibank Corporate Credit Card. You can also avail e-statements to track all your expenditures.
For every Rs.125 that you spend using your Corporate Credit Card, you are entitled to earn 2 reward points.
The reward points earned using the Corporate Credit Card are never expiring and can be used anytime as per convenience.
No, over credit limit charges are not associated with this credit card.
The Outstation cheques charges are as follows:
Up to Rs.10,000 – Rs.50 per cheque
Rs.10,001 to Rs.1,00,000 – Rs.100 per cheque
Above Rs.1,00,001 – Rs.150 per cheque
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