M16S / Citi Bank / Citi Commercial Cards (corporate charge card programme)
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Citi Commercial Cards (corporate charge card programme)
Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
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- Fee waived at
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- Base return
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- Forex markup
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- Interest
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Fees
| Fee notes | Annual/joining, cash advance and late payment fees are set in each corporate's agreement; no public schedule. Fee changes need one month's notice. |
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Charges and eligibility
| Late payment fee | As per corporate agreement; no interest is charged on overdues (charge card) |
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| Cash advance fee | As per corporate agreement |
| Eligibility | Companies banked by Citi India's Corporate Banking or Commercial Banking units with valid KYC and adequate financial standing; sole corporate liability. Not available to individuals. |
| Fine-print notes | Citi sold its India consumer business, including all consumer credit cards, to Axis Bank (transition effective 1 Mar 2023; cards later rebranded to Axis products such as Olympus, Horizon, Rewards, Cashback, IndianOil Premium, IKEA). Citibank N.A. India still issues commercial cards to its institutional clients; its 'Commercial Card Issuance and Conduct' policy (Oct 2025, modified 4 Sep 2026) describes charge cards with sole corporate liability, monthly billing with full payment due, closure within 7 working days. RBI's Aug 2026 provisional data shows 281,242 Citi credit cards outstanding, consistent with a corporate card book; RBI does not publish the split. No Citi card is open to individual applicants. Product names, networks, fees and forex markup are not published. |