Citi Clear credit card

Get an introductory 0% interest rate on balance transfers for the first 15 months, plus a $250 cashback offer.

The Citi Clear credit card gives you a few ways to save money, including a discounted $49 first-year annual fee and an introductory rate of 0% p.a. on balance transfers for the first 15 months, with no balance transfer fee. You'll also get rewarded with $250 cashback when you apply by 31 August 2021 and spend $3,000 on eligible purchases in the first 90 days from card approval.

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0% p.a.

Balance transfer rate

for 15 months

14.99% p.a.

Purchase rate

$49 p.a.

Annual fee

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

55 days

Interest free period

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Details

Product NameCiti Clear Card
Balance transfer rate0% p.a. for 15 months
Balance transfer revert rateCash Advance Rate (22.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate14.99% p.a.
Annual fee$49 annual fee for the first year ($99 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate22.24% p.a.
Min credit limit$6,000
Max credit limit$100,000
Card typeMastercard
Foreign currency conversion fee3.4%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo

Pros

  • $250 cashback
  • 0% p.a. on balance transfers for the first 15 months with no BT fee
  • $49 first-year annual fee ($99 p.a. thereafter)
  • Complimentary insurance covers

Cons

  • Balance transfer reverts to the high 22.24% p.a. cash advance rate
  • Does not offer a rewards program or travel insurance covers
Bonus pointsN/A
Annual fee$49 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 fee3.4%
Cash advance fee3.5% or $3.50, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$0
Number of additional cardholders4
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Review by


Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Citi Clear credit card offers a 0% p.a. balance transfer rate for 15 months (with no balance transfer fee), which is suited to people who want to get their debt under control while avoiding extra costs. Citi is also one of the few Australian credit issuers that accepts balance transfers from personal loans, as well as credit cards and store cards. So even though some cards have 0% p.a. balance transfer offers, this one could give you more options if you have different types of debts you want to consolidate.

How to apply

You can apply for the Citi Clear 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

  • $250 cashback. Get $250 cashback when you apply by 31 August 2021 and spend $3,000 on eligible purchases within the first 90 days from card approval. Eligible purchases cover most of your everyday spending but transactions that won't count towards the spend requirement include cash advances, balance transfers, special promotions, interests, fees, refunds and chargebacks. The $250 cashback will be credited to your account within 16 weeks of meeting the spending requirement.
  • Annual fee discount. Get a discounted $49 annual fee for the first year when you apply and get approved for this card by 31 August 2021. This will revert to $99 after the first year.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $99.
  • Purchase interest rate. This card has a14.99% p.a. interest rate for purchases, which is lower than the average standard rate according to the Reserve Bank of Australia.

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91 Comments

    Default Gravatar
    colin
    March 29, 2019

    Do any of your cards have free travel insurance?

      Avatarfinder Customer Care
      Mai
      March 30, 2019

      Hi Colin,

      Thank you for leaving a question with Finder.

      You may refer to Citi credit cards with complimentary travel insurance. On the page is a comparison table you can use to see which card suits you. When you are ready, press the ‘Go to site’ button to apply.

      If you are open to any cards that come with complimentary travel insurance, see our list of credit cards with complimentary travel insurance.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Hope this helps! 😊

      Kind Regards,
      Mai

    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

      Avatarfinder Customer Care
      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

    Default Gravatar
    Mahbub
    January 8, 2019

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

      Avatarfinder Customer Care
      Jhez
      January 10, 2019

      Hello Mahbub,

      Thank you for your comment.

      Closing a balance transfer credit card generally has the same steps as 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.

      You can check our guide on how to close your credit card account.

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

      Regards,
      Jhezelyn

    Avatarfinder Customer Care
    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

    Default Gravatar
    Prashaanth
    December 19, 2018

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

      Avatarfinder Customer Care
      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, you can use our comparison table to help you find the card that suits you. Feel free to compare the cards in the table by interest rates and annual fees. 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

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