CitiBank Credit Card

anirbandd

Conversation Architect
Hi All,

So I got my spanking new CitiBank Rewards CC yesterday.. it looks sexy!! :D

I have never used CCs before, only debit cards. So i would need some guidance from other CC users on the following:

1. Does the CC use PIN, like debit cards?? my card has a chip on it.
2. Its a VISA card. what does that mean??

PS: Citibank CC card holders are most welcome to guide me.
 

Vignesh B

Youngling
1. Yes. I remember reading somewhere, that the RBI had made chip+PIN cards mandatory for whoever who had used their cards at an international POS terminal.
*www.online.citibank.co.in/portal/pdf/EMV-FAQ.pdf

2. VISA is a payment gateway that connects merchant payment terminals with your bank’s credit card department.
What's the Difference Between Visa and MasterCard? | money.co.uk
 

Vyom

The Power of x480
Staff member
Admin
The new Cards (be it Debit or Credit) all comes with a sim like chip embedded in it. More security. And also the PIN is also mandatory on CC like DC.
The PIN won't be required in online purchases though, but only required to be punch at the retail counters where you make transactions through CC.

The things you should be careful about with CC is :
1. Don't think of it as "Yay, now I can buy anything", but as "I am taking loan from my future self, and I have to repay him soon"
2. Repay the CC bill before the deadline (preferably before 3 working days) since when you pay the CC bill online, it takes a while before it shows up as paid, while money gets deducted from your main account instantly.
3. You will receive points with each transaction you make through CC and the points will be shown in the bill you receive in the PDF which Citibank send on email.
4. If the amount you spend from CC is more than a specified amount (like 5k) then you can convert it in EMI. Though I am not aware of the interest rates. But I don't recommend since it must be high.

And lastly and more importantly:
5. Don't evar handover the CC to any girl. Again, DONT evar give your CC to your girlfriend.
 

Gollum

Collector
Hi All,

So I got my spanking new CitiBank Rewards CC yesterday.. it looks sexy!! :D

I have never used CCs before, only debit cards. So i would need some guidance from other CC users on the following:

1. Does the CC use PIN, like debit cards?? my card has a chip on it.
2. Its a VISA card. what does that mean??

PS: Citibank CC card holders are most welcome to guide me.

welcome to citi fanclub
now transfer some money to my acccount :p

DId you get 2000 reward points with it?

upi can exchange those at book my show to get movie tickets for free.

Things to keep in mind, every 125 rupees spent on your rewards card = 1 reward point
if you spend it at shoppers stop you get 10 points - more special outlets are listed on the website.

you can use this CC online on PSN and so on
you need pin for swiping in shops

you can pay the cc bill online and use it to recharge your prepaid phone online on the citibank website.
 

TheHumanBot

Padawan
now buy me a cellphone off flipkart on EMI. :lol:

don't open porn sites on a pc you use to shopping with your credit card. stay away from downloads, torrents websites etc. popups have Trojans.
 
OP
anirbandd

anirbandd

Conversation Architect
1. Yes. I remember reading somewhere, that the RBI had made chip+PIN cards mandatory for whoever who had used their cards at an international POS terminal.
*www.online.citibank.co.in/portal/pdf/EMV-FAQ.pdf

2. VISA is a payment gateway that connects merchant payment terminals with your bank’s credit card department.
What's the Difference Between Visa and MasterCard? | money.co.uk

The new Cards (be it Debit or Credit) all comes with a sim like chip embedded in it. More security. And also the PIN is also mandatory on CC like DC.
The PIN won't be required in online purchases though, but only required to be punch at the retail counters where you make transactions through CC.

The things you should be careful about with CC is :
1. Don't think of it as "Yay, now I can buy anything", but as "I am taking loan from my future self, and I have to repay him soon"
2. Repay the CC bill before the deadline (preferably before 3 working days) since when you pay the CC bill online, it takes a while before it shows up as paid, while money gets deducted from your main account instantly.
3. You will receive points with each transaction you make through CC and the points will be shown in the bill you receive in the PDF which Citibank send on email.
4. If the amount you spend from CC is more than a specified amount (like 5k) then you can convert it in EMI. Though I am not aware of the interest rates. But I don't recommend since it must be high.

And lastly and more importantly:
5. Don't evar handover the CC to any girl. Again, DONT evar give your CC to your girlfriend.

welcome to citi fanclub
now transfer some money to my acccount :p

DId you get 2000 reward points with it?

upi can exchange those at book my show to get movie tickets for free.

Things to keep in mind, every 125 rupees spent on your rewards card = 1 reward point
if you spend it at shoppers stop you get 10 points - more special outlets are listed on the website.

you can use this CC online on PSN and so on
you need pin for swiping in shops

you can pay the cc bill online and use it to recharge your prepaid phone online on the citibank website.

Thanks a lot!! This is very very helpful. :)
[MENTION=53760]TheHumanBot[/MENTION] : 1st: No. 2nd: Yes, I figured :lol:
[MENTION=85950]Gollum[/MENTION] :i dont know how to see reward points :(
 

Gollum

Collector
Thanks a lot!! This is very very helpful. :)
[MENTION=53760]TheHumanBot[/MENTION] : 1st: No. 2nd: Yes, I figured :lol:
[MENTION=85950]Gollum[/MENTION] :i dont know how to see reward points :(

open the website>login to yhour account to which the cc is linked
then go to view statement
click on unbilled statement from the dropdown
 
OP
anirbandd

anirbandd

Conversation Architect
oh okay.. will do.


and another question:

I already have the Debit card, with APIN and all.. so will the new CC work with that PIN, or will they send a new one?
 

nomad47

Cyborg Agent
so, till then, i cant use it..

hmm..

You can. Call the call center and request a new pin. Tell them to give it to you instantly. Go to a citi ATM and change it.
And if you have a Citi account it is always a good idea to go for auto debit option.
 

nomad47

Cyborg Agent
Do they give PIN over the phone? I think it is provided only through mail(postal).

It comes by post only. But you can call them and ask for a one time pin or password. They will give it to you and you will have to change it in ATM immediately.
 
OP
anirbandd

anirbandd

Conversation Architect
You can. Call the call center and request a new pin. Tell them to give it to you instantly. Go to a citi ATM and change it.
And if you have a Citi account it is always a good idea to go for auto debit option.

whats auto debit??
 
OP
anirbandd

anirbandd

Conversation Architect
The bill amount will be automatically debited from your account on the specified date.

right.. that leads to another question.. what is the date by which i have to pay? i was told it will be there along with the CC, but it wasnt.
 
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