Important disclosure
Citi Citi Rewards (Purchases and Balance Transfer Offer)
Balance Transfer
0% p.a. for 14 months on balance transfers and purchases$0 annual fee p.a. in the first year, $149 in subsequent years.
Purchase Rate
Purchase Rate
0.00%
p.a
for up to 14 months, then 21.49%
Balance Transfer Rate
Balance Transfer Rate
0%
p.a
for up to 14 months, then 22.24%
RateCity Says
“Earn extensive rewards while keeping costs down, thanks to a reduced annual fee for the first year. This card comes with a zero per cent balance transfer rate over a long 30 month balance transfer time.”
Purchase Rate
0.00%
p.a
for up to 14 months, then 21.49%
Balance Transfer Rate
0%
p.a
for up to 14 months, then 22.24%
Annual Fee
$0
for 12 months then $149 thereafter
Pros and cons
For Citi Rewards (Purchases and Balance Transfer Offer)
Benefits
- Rewards Available through Citi Rewards Program
- $0 annual fee in the first 12 months and $149 p.a thereafter.
- International travel insurance
- Price guarantee
- Extended warranty
- Concierge
- Special events
- Partner discounts
- Purchase protection insurance
Drawbacks
- Higher than average ongoing variable purchase rate
- Higher than average ongoing annual fee
- Does not offer free supplementary cards
Citi Rate Credit card overview
For Citi Rewards (Purchases and Balance Transfer Offer)
Details
Card Level Platinum | Card Type MasterCard |
Interest Free Days Interest Free Days 55 | Minimum monthly repayment 2% or $30 |
Minimum credit limit $2k | Maximum credit limit $100k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit Citi to view Target Market Determination. |
Fees
Annual Fee Annual Fee $0 for 12 months then $149 thereafter | Annual Fee Spend Waiver |
Supplementary card annual fee $90 | Late Payment Fee $30 |
Over limit fee | Duplicate statement fee $0 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate Purchase Rate 0.00% p.a for up to 14 months, then 21.49% |
Cash advance rate 22.24% p.a |
Cash advance fee 3.5% or $3.5 |
Balance Transfer
Balance Transfer Rate Balance Transfer Rate 0% p.a for up to 14 months, then 22.24% |
Transfer Limit 80% Please note, no interest free days apply to retail purchases while you have a balance transfer |
Balance Transfer Fee |
Overseas spending
Foreign Exchange Fee 3.4% on Mastercard |
Overseas charges Overseas charges $5 |
Estimated ATM Cost $15.2 for AU $300 withdrawal |
Rewards
Program name Citi Rewards Program |
Rewards Available Gift Card, Cash Back |
Eligibility
Minimum age 16 |
Minimum income $35k |
Eligibility conditions |
Residency Australia Citizen, Permanent Resident |
Earn Rates
| Rate | Card Type | Earns | Condition |
|---|---|---|---|
| 1 point for $1 spent | Mastercard | uncapped | eligible international transactions |
| 1 point for $1 spent | Mastercard | Up to $10k monthly | eligible domestic transactions |
Perks
- INTERNATIONAL TRAVEL INSURANCE Available when you use your Card to pay for return international travel
- PRICE GUARANTEE If you purchase personal goods in Australia and then find the same product advertised later at a cheaper price within 60 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is less than $500.
- EXTENDED WARRANTY
- CONCIERGE
- SPECIAL EVENTS Each event will be subject to separate terms and conditions
- PARTNER DISCOUNTS
- PURCHASE PROTECTION INSURANCE Covers up to $10,000 per item and $200,000 per year
- Balance TransferPurchase Offers 0% p.a. for 14 months on balance transfers and purchases$0 annual fee p.a. in the first year, $149 in subsequent years.
Other Restrictions
Late Payment Fee of $30 each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account. Please note, no interest free days apply to retail purchases while you have a balance transfer.
Disclaimer
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded financial and credit products. NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080,
AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services.
“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.
