For each successful referral, the referrer will get cashback as the referral reward and the referee will get cashback of ₹3000 on successful spends of ₹5000 within 30 days of card issuance. On successful card booked through this referral program, the referrer will receive ₹2,500 cashback on the first referral, ₹3,500 cashback on the second referral and ₹3,999 cashback on the third referral. A successful referral means that the referred person has applied according to the terms of the campaign and has been issued a credit card by Citibank. The referral reward is directly credited to the customer's Citi Credit Card account or Savings Account depending on the account no. that the customer has mentioned in the online referral form. The referral reward is a direct cash credit and is not converted to reward points.
If a customer has referred more people and is eligible for more than ₹9,999 referral reward during this offer period, the cash back would still be capped to ₹9,999 i.e. upto 3 referrals.
Further there is a limit of ₹14,999 total cash back that can be processed to a single customer in a Financial Year (April-March). This includes all the credit card referral cash back rewards that the customer has earned in a financial year across all the credit card referral campaigns that are run in that financial year. So, if a customer has referred more people and is eligible for more than ₹14,999 referral reward, the cash back would still be capped to ₹14,999.