Donald Thompson
Credit card use has seen a rise in the recent past. With the advent of easy and convenient use, plus all the rewards you get, credit cards like the Citibank Credit Card come with Citi Credit Card rewards that are too tempting to miss. However, you should know aspects of your card, such as the statement, reward scheme and payment details.
What Is the Citibank Credit Card Statement?
The credit card statement from Citibank is a document, generated every month or so. It contains information related to your Citibank Credit Card. All your transaction details during your billing cycle, charges/fees, reward points you have earned, and special offers are mentioned, reflecting your spending pattern. You can also learn of any errors in billing/ unauthorized charges levied. At Finserv MARKETS, you get knowledge about your Citibank Credit Card statement and how to read it for easy comprehension.
How to Read Your Statement and Understand It Better
Listed in your Citibank Credit Card statement, a number of details are included that you should know about. Here are some key components:
- Minimum Amount Due – This is a minimum amount to pay to maintain your card.
- Payment Due Date – This is the due date by which the minimum amount due or the total bill amount should be settled.
- Total Outstanding Bill – This is the total amount to pay, including spends during your billing cycle, charges levied.
- Billing Cycle – The period during which transactions are made using your credit card is called the billing cycle.
- Transaction History – This is a list of every transaction made in a billing cycle.
- Reward Points – Whatever Citibank Credit Card rewards points are earned/adjusted will be reflected.
How to Pay Your Credit Card Bill
Citibank Credit Card payment of bills can be done offline and online. Offline bill payments are done through cheques, cash or demand drafts, paid at Citibank branches. If you choose online bill payment, you can pay by:
- NEFT – This is done through a wire transfer from one bank account to your credit card account.
- Net Banking – You can login to the Citibank website and click on ‘Pay Credit Card Bill’. Then you can pay through your linked Citibank bank account.
- Citi Mobile – Payment is done through the Citibank Mobile App through your smartphone.
How You can Save Money Using Exclusive Citibank Credit Card Offers
Citibank credit cards reward users for using specific cards with the Citibank Credit Card rewards programme. Known for exclusive offers and points on the following cards, Citibank cards are popular for perks.
- Citi Rewards Card – On apparel purchases, you get 10 x reward points. These are redeemable against future purchases, saving money.
- IndianOil Citi Card – You get 4 turbo points for every Rs.150 spent at IndianOil outlets. You also get fuel surcharge waivers, saving you in the long run.
- Citi Premiermiles Card – For every amount of Rs.100 spent on flight and hotel bookings; you get 10 miles.
Learn how you can save substantial amounts when you spend, at Finserv MARKETS, collecting miles and rewards redeemable against future purchases, making you save for future spends.
Sources:
- Citi Credit Card Statement: Get Citibank Credit Card Statement Online – Finserv MARKETS (bajajfinservmarkets.in)
- Citibank Credit Card Payment: How to Pay Citi Credit Card Bills Online – Finserv MARKETS (bajajfinservmarkets.in)
- Citi Credit Card Rewards: How to Earn & Redeem Citibank Credit Card Rewards – Finserv MARKETS (bajajfinservmarkets.in)
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