Citi Cash Back Mastercard Credit Card
Citi bank
Last updated: Feb 03, 2026
₹1,000
₹1,000
3.5%
No lounge access
Contents
Citi Cash Back Mastercard Credit Card is now serviced by Axis Bank and is designed for everyday online shoppers and bill payers who want simple, automatic cashback instead of complicated reward points. You earn tier-based cashback on online spends plus value on offline and utility payments, making it a powerful daily-use cashback credit card for Indian households. Existing Citi Cash Back cardholders enjoy upgraded Axis Bank Cashback Credit Card benefits on the same Citi-branded plastic as part of the Citi–Axis migration. This makes the card a strong choice for users looking for a primary cashback credit card to pay online shopping, utility bills, travel bookings and everyday spends.
Features of Citi Cash Back Mastercard Credit Card which makes it unique
Tier-Based Online Cashback Engine
Earn higher cashback slabs as your monthly online shopping and digital spends grow, up to a generous 7% cashback.
Rewards heavy online shoppers and bill payers who route most of their spends through a single Citi cashback card.
Stronger tier-based online cashback structure compared to many flat 1–2% cashback cards in India.
Legacy Citi Card with Axis Benefits
Existing Citi Cash Back Mastercard Credit Card users now enjoy the new Axis Bank Cashback Credit Card features on the same Citi-branded card.
Keeps Citi branding familiar while unlocking updated Axis Bank rewards, offers, app access and support.
Unique hybrid experience combining Citi’s legacy brand trust with Axis Bank’s modern cashback program.
Rewards Structure of Citi Cash Back Mastercard Credit Card
Online Shopping Spends
baseEligible online transactions on e-commerce, food delivery, travel bookings and other approved online merchants in a statement month.
Most wallet loads, rent payments and business transactions are excluded from accelerated cashback; only personal retail online spends qualify.
Travel & Offline Retail Spends
basePOS and in-store purchases at travel, retail, fuel and other offline merchants across India and abroad.
Useful for users who still use the Citi Cash Back Mastercard Credit Card for in-store shopping, dining and travel bookings.
Utility Bill Payments
baseElectricity, water, gas and other utility payments made through Axis Bank channels or supported bill payment platforms.
Paying regular utility bills with this Citi cashback card can generate small but consistent savings each month.
Other Spends (Base Cashback)
baseAll other eligible retail transactions that are not part of excluded categories such as rent, wallets, fuel surcharge and business spends.
Base cashback makes the Citi Cash Back Mastercard Credit Card a simple, set-and-forget primary card for most day-to-day expenses.
Milestones of Citi Cash Back Mastercard Credit Card
Annual Fee Waiver Milestone
₹4,00,000 in a card anniversary year : Full waiver of next year’s annual fee of ₹1,000 plus taxes on the Axis Bank–serviced Citi Cash Back Mastercard Credit Card.
High Online Spender Value Milestone
₹40,000+ monthly online spends : Unlock maximum tier of 7% cashback on eligible online spends and earn up to ₹4,000 cashback every statement month.
Fees & Charges of Citi Cash Back Mastercard Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹1,000 |
| Annual Fee | ₹1,000 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹1,300 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹500 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Annual fee waived on ₹4,00,000 eligible retail spends in a card anniversary year (rent and wallet loads are excluded from waiver calculation).
Fee Explanation Standard Citi and Axis Bank credit card charges apply, including 3.75% per month interest on revolving balances, 3.5% foreign currency markup, 2.5% cash advance fee (minimum ₹500), overlimit fee at 2.5% of the overlimit amount (minimum ₹500), late payment fee up to ₹1,300 based on statement outstanding, and ₹500 returned payment charge, plus applicable GST as per government rules.
Detailed Explanation of Citi Cash Back Mastercard Credit Card Fees
Joining & Annual Fee: ₹1,000 + GST (yearly)
Annual fee of ₹1,000 plus taxes from year one; renewal fee waived on ₹4,00,000 eligible annual retail spends.
Cash Advance Fee: 2.5% of amount (min ₹500) (per transaction)
Interest at 3.75% per month from transaction date until full repayment; no interest-free period on cash withdrawals.
Foreign Currency Markup: 3.5% of transaction value (per transaction)
Charged on all non-INR transactions after currency conversion by the Mastercard network, plus applicable GST.
Late Payment Fee: Up to ₹1,300 (per statement)
Nil for statement balance up to ₹2,000; stepped slabs go up to ₹1,300 for higher outstanding amounts as per MITC.
Overlimit Fee: 2.5% (min ₹500) (per occurrence)
Charged on total outstanding above assigned credit limit, excluding fees, charges and taxes.
Returned Payment Charge: ₹500 (per instance)
Applicable when cheque, ECS, NACH, standing instruction or other payment mode is returned or dishonoured.
Insurance Coverage with Citi Cash Back Mastercard Credit Card
Lost Card Liability Cover
Up to the available credit limit for fraudulent transactions after reporting lossZero liability on fraudulent transactions made after the card is reported lost or stolen to Axis Bank, subject to verification and cardholder terms and conditions.
Additional Features of Citi Cash Back Mastercard Credit Card
Contactless Payments
Tap-and-pay enabled Citi Cash Back Mastercard Credit Card for fast transactions up to the contactless limit without PIN at supported terminals.
Above the contactless limit or after multiple taps, PIN may be required as per RBI and network guidelines.
Easy EMI Conversion
Convert large purchases into flexible EMIs directly from the Axis Bank mobile app, internet banking or customer care.
Minimum transaction value and processing fee or interest rate apply as per prevailing EMI program terms.
Axis Mobile & Net Banking Access
Track cashback earnings, statements and transactions in real time through Axis Bank internet banking and mobile app after Citi migration.
Customer must complete Axis Bank onboarding and app registration using migrated Citi credit card details.
Automatic Cashback Credit
Cashback is auto-credited as statement credit in the next billing cycle once it reaches the bank-defined threshold.
No manual redemption required; cashback is adjusted against total outstanding and does not expire as long as the card account is active.
Welcome Bonus with Citi Cash Back Mastercard Credit Card
Welcome Bonus: 5,000 EDGE Reward Points
Bonus Conditions: Welcome bonus is credited after first eligible retail transaction within 30 days of card issuance and is applicable only for new-to-bank customers as per Axis Bank migration terms and conditions.
Application Process for Citi Cash Back Mastercard Credit Card
Processing Time
5-7 business days after successful verification
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit the Axis Bank website or branch handling migrated Citi credit cards and choose the Axis Bank Cashback Credit Card option linked to Citi Cash Back portfolio.
Fill in the online application form with personal, employment and income details and upload KYC documents such as PAN, Aadhaar and address proof.
Complete any video KYC or in-person verification if requested by the bank for final approval.
On approval, receive the physical card and welcome kit; existing Citi Cash Back cardholders will see migration communication and updated benefits on their current card.
Activate the card, set PIN and start using it for online shopping, bill payments and everyday spends to earn cashback.
Required Documents for Citi Cash Back Mastercard Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
Citi Cash Back Mastercard Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted across India at most POS terminals and online merchants that support Mastercard credit cards.
International Acceptance
Accepted globally on the Mastercard network at millions of merchant outlets and ATMs.
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Citi Cash Back Mastercard Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
700+
Citizenship
Indian residents only
Income Requirements
Salaried Applicants
₹25,000
Minimum annual income
Self-Employed Applicants
₹30,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant must be an Indian resident with a stable income, valid PAN and Aadhaar, and reside in a location serviced by Axis Bank for migrated Citi credit cards.
How Approval Is Decided
- Minimum monthly income of around ₹25,000 for salaried and higher for self-employed applicants, as per bank policy.
- Clean credit history with an ideal credit score of 700 or above and no recent payment defaults.
- Applicant must be an Indian resident within the eligible age bracket with verifiable KYC and stable employment or business profile.
Pros of Citi Cash Back Mastercard Credit Card
- High effective cashback rate on online shopping when monthly spends cross ₹40,000.
- Automatic cashback credit to statement, avoiding reward point expiry or complex redemptions.
- Fee waiver on ₹4 lakh annual spends makes it effectively lifetime free for heavy card users.
- Good acceptance in India and abroad due to Mastercard network and Axis Bank merchant base.
- Strong SEO-friendly proposition as a best cashback credit card for bills, shopping and travel.
Cons of Citi Cash Back Mastercard Credit Card
- High annual fee and fee waiver threshold may not suit low-spend users.
- Full 7% cashback is available only at higher online spend tiers with category restrictions.
- Utility and offline spends earn relatively low cashback compared to specialised co-branded cards.
- Benefits and terms can change as Citi cards are fully integrated into Axis Bank systems.
- Limited travel perks such as airport lounge access or air miles compared to premium travel cards.
Frequently Asked Questions about Citi Cash Back Mastercard Credit Card
Is the Citi Cash Back Mastercard Credit Card still a Citi card or an Axis Bank credit card?
The Citi Cash Back Mastercard Credit Card portfolio in India has migrated to Axis Bank. Existing Citi Cash Back cardholders continue using the same Citi-branded plastic, but the account is now serviced by Axis Bank and follows the latest Axis Bank Cashback Credit Card benefits, fees and terms.
What is the annual fee and how can I get it waived on the Citi Cash Back Mastercard Credit Card?
The current annual fee is ₹1,000 plus GST, charged from the first year. The renewal fee can be waived when you spend at least ₹4,00,000 in eligible retail transactions during the card anniversary year, excluding rent, wallet loads and other excluded categories.
How much cashback can I earn on online shopping with this Citi cashback credit card?
You can earn 2% cashback on monthly online spends up to ₹5,000, 5% cashback between ₹5,001 and ₹40,000, and 7% cashback on eligible online spends above ₹40,000, subject to a maximum of ₹4,000 cashback per statement month. This makes it one of the best cashback credit cards for heavy online shoppers in India.
Does the Citi Cash Back Mastercard Credit Card offer cashback on utility bills and offline purchases?
Yes, you earn 0.5% cashback on eligible utility bill payments and around 0.75% cashback on most offline retail and travel spends. While the cashback on utilities and offline spends is lower than online spends, it still helps you save on everyday bills and shopping when you use this Citi cashback card as your primary credit card.
Can I use the Citi Cash Back Mastercard Credit Card internationally and what are the forex charges?
You can use the Citi Cash Back Mastercard Credit Card globally at any merchant that accepts Mastercard. A standard foreign currency markup of 3.5% plus GST is charged on international transactions after currency conversion, in line with typical Indian credit card forex fees.
How is cashback credited on the Citi Cash Back Mastercard Credit Card and does it expire?
Cashback earned during a statement cycle is automatically credited as a statement credit in the next billing cycle once it meets the minimum threshold defined by the bank. There is no manual redemption process and cashback does not expire as long as your card account remains active and in good standing.
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