Citi Clear Platinum

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Citi Clear Platinum cardholders can save with a 0% interest rate on balance transfers and purchases for 9 months, plus a $0 first-year annual fee.

Citi's low rate option, the Clear Platinum credit card combines an introductory 0% p.a. balance transfer and purchase rate offer with a waived annual fee for the first year.

0% p.a.

Balance transfer rate

for 9 months

0% p.a.

Purchase rate

for the first 9 months (reverts to 14.99% p.a.)

$0 p.a.

Annual fee

for the first year ($99 p.a. thereafter)

55 days

Interest free period

Details

Product NameCiti Clear Platinum Credit Card
Balance transfer rate0% p.a. for 9 months
Balance Transfer Revert RateCash Advance Rate (22.24% p.a.)
Balance Transfer Limit80% of available balance
Purchase rate (p.a.)0% for 9 months, reverts to 14.99% p.a.
Annual fee$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Interest Free Period55 days
Cash Advance Rate22.24% p.a.
Minimum Credit Limit$6,000
Maximum Credit Limit$100,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • $0 annual fee for the first year ($99 p.a. thereafter)
  • 0% p.a. on balance transfers for the first 9 months with no balance transfer fee
  • 0% p.a. on purchases for the first 9 months

Cons

  • Balance transfer reverts to the high 22.24% p.a. cash advance rate
  • Does not offer a rewards program or travel insurance covers
Annual fee$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Cash Advance Fee3.5% or $3.50, whichever is greater
Overseas Cash Advance Fee$5
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Sally McMullen

Review by


Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The Citi Clear Platinum card is suited to those who want to get their debt under control while avoiding extra fees. Citi is one of the few Australian credit issuers that accepts balance transfers from personal loans, as well as credit cards and store cards.

It’s not the longest interest-free balance transfer on the market, but it does offer additional savings through the $0 first-year annual fee and no balance transfer fee. If you plan to use the card beyond the 0% promotional period, be aware that you’ll have to pay the standard $99 annual fee after the first 12 months.

How to apply

You can apply for the Citi Clear Platinum credit card online in 15 minutes. Before you get started, check if you meet the eligibility criteria and have the necessary information on hand:

Eligibility criteria

  • Income. Earn a minimum taxable annual income of $35,000.
  • Eligible balance transfer debt. You can transfer balances from credit cards, store cards and personal loans not issued by Citi, up to 80% of your credit limit.

Card benefits

  • $0 first year annual fee. When you apply by 31 March 2020, the annual fee will be waived for the first year (reverting to $99 p.a. thereafter).
  • Purchase rate offer. Apply by 31 March 2020 and take advantage of a 0% interest on purchases for 9 months. This rate reverts to the standard purchase rate (currently 14.99% p.a.) at the end of the introductory period.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $99.
  • Interest-free period. Outside of any promotions, when you pay your balance in full, you can take advantage of up to 55 interest-free days on your purchases. Note that interest-free days don't apply if you're carrying a balance transfer debt.

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91 Comments

  1. Default Gravatar
    colin
    March 29, 2019

    Do any of your cards have free travel insurance?

    • AvatarStaff
      Mai
      March 30, 2019

      Hi Colin,

      Thank you for leaving a question with Finder.

      Just a gentle reminder that you reached Finder. We’re a financial comparison website, we do not represent Citibank but happy to provide you general information.

      You can check here if you are after Citi credit cards with complimentary travel insurance. But if you are open to any cards that comes with a complimentary travel insurance, you can visit here.

      Hope this helps! 😊

      Kind Regards,
      Mai

  2. Default Gravatar
    Narsh
    February 7, 2019

    If I want to have $5400 as transfer amount does that mean I need to apply for $6750 so it’s 80% of the approved limit? I would like the interest free to apply to the full amount of the transfer amount

    • AvatarStaff
      Jeni
      February 11, 2019

      Hi Narsh,

      Thank you for getting in touch with finder.

      Please note that credit card issuers will decide on your credit limit based on a variety of factors including your income, credit history, personal circumstances and sometimes even the card that you choose.

      You’re right that if you are thinking to transfer your non-Citibank credit card balance of $5400, your Citi Clear Platinum’s credit limit must be $6750 or higher since this card’s balance transfer limit is 80% of available credit limit. Please have your other credit card details as balance transfer is part of the application process.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  3. Default Gravatar
    Mahbub
    January 8, 2019

    If we close the Balance transfer credit card within the first year, is there any closeout fee?

    • AvatarStaff
      Jhez
      January 10, 2019

      Hello Mahbub,

      Thank you for your comment.

      Closing a balance transfer credit card generally has the same steps like closing a normal credit card. You must make sure that all balances are paid before contacting your credit card issuer regarding your intention to close the card. If not, this may leave a mark on your credit file.

      Here’s our guide on how to close and cancel your credit card account.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  4. AvatarStaff
    Jeni
    January 6, 2019

    Hi Lorna,

    Thank you for getting in touch with finder.

    This Citi Clear Platinum credit card’s current offer is 0% p.a. for 14 months on balance transfers only. If you do a balance transfer and did not pay the BT balance in full after the BT period of 14 months, the remaining balance will charge an interest of 21.74% p.a. Now, if you make purchases you are charged at 12.99% p.a. unless you keep paying your monthly bill in full on or before its due date.

    I hope this helps.

    Please feel free to reach out to us if you have any other enquiries.

    Thank you and have a wonderful day!

    Cheers,
    Jeni

  5. Default Gravatar
    Prashaanth
    December 19, 2018

    I want to apply for this low rate CC. Please help

    • AvatarStaff
      May
      December 20, 2018

      Hi Prashaanth,

      Thanks for reaching out.

      Just to confirm, are you interested in applying for the Citi Clear Platinum Credit Card? If so, you can directly apply from their main page by clicking the ‘Go to site’ button above. Please note though of the list of requirements of the card above and make sure you meet them.

      In case you’d also like to check other low rate credit cards aside from the one offered by Citi, please feel free to visit this page. Feel free to compare the cards in the table by interest rates and annual fee. I suggest that you check and read the T&Cs of the card before you consider it’s the right one for you.

      Hope this has helped.

      Cheers,
      May

  6. Default Gravatar
    Paul
    December 17, 2018

    I am retired, am I still able to apply for this card. It states I need a minimum income of $35000?

    • AvatarStaff
      John
      December 19, 2018

      Hi Paul,

      Thank you for reaching out to finder.

      Yes you are correct, there is a minimum income requirement of $35,000 annually to qualify for this card. Regardless if you are retired or not, you may still take advantage of this card provided you are able to show proof of income. Hope this helps!

      Cheers,
      Reggie

  7. Default Gravatar
    Ashish
    September 24, 2018

    Hi,

    Can the balance transfer be done to a bank account or it has to be a credit card only?
    If it has to be credit card, assuming the outstanding on the old CC was zero and it was credited with balance transfer of $5,000, can I transfer the balance from my old card to my bank account?

    Thanks

    • AvatarStaff
      Joshua
      September 27, 2018

      Hi Ashish,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      A balance transfer is usually done from one credit card to another (though in some instances, a personal loan can also be transferred to a credit card). You

      If your old credit card does not have any balance, then a balance transfer won’t be possible and therefore, it won’t be possible for you as well to get your balance from your new card to a bank account.

      What you can do is discuss what you need to your bank and from there, they should be able to suggest possible options for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  8. AvatarStaff
    Dee
    December 13, 2016

    Hi Sealz,

    Thanks for reaching out.

    Generally, when you applied for a credit card and are approved, the account is already open, regardless if you activate your card or not. The annual fee will be charged to you on the first billing period.

    Cheers,
    Anndy

  9. Default Gravatar
    Buddhika
    February 11, 2016

    0% balance transfer for 9 months offer :

    Do I need to transfer the intended balance at the application stage or is it possible to transfer debt during the 9 months window as required to get 0% benefit?

    regards

    • AvatarStaff
      Jonathan
      February 12, 2016

      Hi Buddhika, thanks for your question!

      The 0% p.a. promotional balance transfer rate applies for the first 9 months on balances from card approval and must be requested at point of application.

      Cheers,

      Jonathan

  10. Default Gravatar
    Phil
    June 3, 2015

    Can you offer any frequent flyer points with this offer?

    Thank you

    • AvatarStaff
      sally.mcmullen@hiveempire.com
      June 4, 2015

      Hi Phil,

      Thank you for your question.

      Just to confirm, you have come through to finder.com.au, not Citibank.

      However, we can confirm that you can only earn frequent flyer points through the Citibank Rewards Credit Card, not the Citibank Clear Platinum card. Citibank Rewards cards offer you the choice of earning Qantas Frequent Flyer points on your signature or Citi Prestige credit card by joining Citibank Qantas Rewards.

      You can compare the Citibank Platinum Rewards Credit Card here.

      I hope this has answered your question.

      Thanks,

      Sally

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