Important disclosure
Pros and cons
For Citi Simplicity Card
Benefits
- No Annual Fee
- Ability to convert large purchases into instalment plans
- Free supplementary cards
- Price guarantee
- Extended warranty
- Concierge
- Partner discounts
- Purchase protection insurance
Drawbacks
- Higher than average ongoing variable purchase rate
- No reward program
Citi Rate Credit card overview
For Citi Simplicity Card
Details
Card Level Standard | 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 | Annual Fee Spend Waiver |
Supplementary card annual fee $0 | Late Payment Fee $0 |
Over limit fee | Duplicate statement fee $0 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate Purchase Rate 0.00% p.a for up to 6 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 6 months, then 22.24% |
Transfer Limit 80% of the approved credit limit |
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 |
Rewards Available |
Eligibility
Minimum age 18 |
Minimum income $35k |
Eligibility conditions |
Residency Australia Citizen, Permanent Resident |
Perks
- FREE SUPPLEMENTARY CARDS
- 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
- PARTNER DISCOUNTS
- PURCHASE PROTECTION INSURANCE Covers up to $10,000 per item and $200,000 per year
- Balance TransferPurchase Offers 0% p.a. on balance transfers and purchases for 6 months
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.