Redeem Citibank Rewards Credit Card Points

Redeem Citi Bank Rewards Credit Card Rewards Points

In today’s blog I will share all details regarding redeeming Citi Rewards Points. I earn 1 reward point for every Rs.125 I spent. Also apart from this points if I spent Rs.30000 in a month I receive additional 300 Citibank Rewards Points.

I am using this Citi Rewards Credit Card for more than 1 Year and have accumulated 3400 Citi Reward Points. I will redeem the voucher for Amazon Voucher.

Before I share how to redeem Citibank Credit Card Rewards Points here are few FAQ

FAQ for Citibank Credit Card points redemption.

Can you Redeem Citibank Rewards for Statement Credit?

Yes, you can redeem for statement credit BUT you need Minimum 10000 points for same. And that’s really difficult to accumulate…

What is Conversation Ratio for Citibank Rewards Points?

Conversion ratio is in Range of 25P per point to 35P per point.
For Statement Credit it is 35P. So for 10000 points you can redeem it for Rs.3500 statement credit.
For Voucher: Amazon voucher of Rs.1000 for 3300 Citi Rewards Points, conversion is 30P Approx.
But if I go for Rs.500 Amazon Voucher then the conversion is bit low. Conversion is 29P Approx.

So if you go for redeeming higher Citibank rewards points, you get a better Conversion.

Also the conversion rate differ from brand to brand. But it is almost in same range of 25P to 35P

Does Citibank Rewards Points Expires?

As per Citibank website “Reward points accrued on your Citi Card are evergreen and don’t expire. But make sure you don’t surrender your card before you redeem your Reward Points.

Does Citibank charges for Rewards Redemption?

No, Citibank is good at least in this matter, they don’t charge any fees for reward redemption.

Can you Redeem Citibank Reward Points in Store?

Yes, you can redeem your Citi Rewards Points in store associate with Citibank.

Process to Redeem Citibank Rewards Points

Redeem Citibank Rewards Credit Card Points
Go to Citibank website. Login if you have account or Create if you don’t have from “First Time user”
Redeem Citibank Rewards Credit Card Points
Now Click on Credit Card
Redeem Citibank Rewards Credit Card Points
Go to Redeem Rewards
Redeem Citibank Rewards Credit Card Points
ONLY If you have more than 10000 Points you can Redeem for Cashback
Redeem Citibank Rewards Credit Card Points
Now Click on Redeem from the Catalogue. Also now you can see how many points you have. I have 3400 Points
Redeem Citibank Rewards Credit Card Points
Now you can select the category you want to see option. If you want option for all then select All Categories.
Redeem Citibank Rewards Credit Card Points
For Amazon Voucher I will select Departmental Store
Redeem Citibank Rewards Credit Card Points
Now Will add 1 in Quantity of 3300 points and tick Add to Cart and click on Confirm
Redeem Citibank Rewards Credit Card Points
Check once we have selected right voucher, and tick on I agree and click on confirm
Redeem Citibank Rewards Credit Card Points
Hurrah! You will receive your voucher by Courier at your register address. You will receive in 14 working days. So once check whether proper address is updated. You can check it on your Credit Card Statement.
I Received in less than 10 working days
.

Pro & Cons of Citibank Rewards Points

  • No instant voucher– They courier you voucher physically . And it may take up to 7-12 days to reach you depending on your location.
  • Higher Points for Statement credit: You need 10000 Citi rewards points and belive it very difficult to reach till same. If you have income more than 6 LPA then you should go for Amex MRCC.
  • No Charges: No charges for reward redemption.
  • Amazon Voucher available for 1800 Points. Unlike Axis and HSBC where Amazon Voucher is available at 5000 points and 4900 points respectively.

Do let me know for what you redeem your Citibank Credit Card Points.

Video on Redeeming Citi Bank Rewards Points

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