Not a lot of credit cards out there give you reward points when you load your PayTM e-wallet. On the other hand, Citibank Credit cards do reward wallet loads. There is a new PayTM Citi credit card offer where you can earn 5X points on PayTM wallet. If you have the right card, the reward rates could be in the same league as what HDFC Bank is offering with their Happy Hours promotion.
Earn 4X bonus Citi points when you load a minimum of INR 5,000 onto your PayTM wallet using the Citibank India App and website. The following Cards are participating:
- Citibank Rewards Card
- Citibank Indian Oil Platinum Credit Card
- Citibank Cashback Card
- Citibank Shoppers Stop Credit Card
- Citibank PremierMiles
- Citi Prestige
- Citi Ultima
If you load through the PayTM app or website, you get 2X extra points. This promotion is valid through October 31, 2018. The following is the earning rate:
The upper limit on the number of bonus points has been set to 3000 points. Corporate credit cards are not eligible for the bonus. At the same time, if you have add-on cards, each card will be treated as a separate card for this promotion, i.e. you can earn 3,000 bonus point on every card. So, if you’ve maxed out your add-on card limit, you can make 18,000 bonus points. You can read the rest of the terms and conditions here.
Amongst the best card to have during this promotion is the Citi Prestige. You earn 5 Prestige point for every INR 100 which translates into 20 airmiles per INR 100. That gives me a reward rate of about 20%! Maximise the promotion over all your add-on card and earn 90,000 air miles. Do keep in mind Citi points could be transferred to any of the dozen-plus airline transfer partners including Singapore Airline, British Airways, and Jet Airways.
Also, each PayTM account is only limited to have INR 100,000 per month as wallet load limit, so do take that into account as well while making your allocation to PayTM spends.
This new Citibank credit card promotion is an excellent opportunity to mint points. Some incredible value can be derived if you convert Citi points to air miles. And don’t forget, PayTM also offers some nifty cash backs when you shop on PayTM Mall. Hence there is even more value to be unlocked!
What do you think of this Citibank Credit Card offer?
Recap: Citibank Rewards Card, Citibank Indian Oil Platinum Credit Card, Citibank Cashback Card, Citibank Shoppers Stop Credit Card, Citibank PremierMiles, Citi Prestige, Citi Ultima are participating.