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Citi Clear credit card

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New Citi Clear cardholders can save with a 0.9% interest rate on purchases and balance transfers for the first 15 months.

The Citi Clear is a low rate credit card that gives you different ways to save money, including an introductory rate of 0.9% p.a. for the first 15 months on purchases and balance transfers, with no balance transfer fee when you apply by 31 October 2020.

0.9% p.a.

Balance transfer rate

for 15 months

0.9% p.a.

Purchase rate

for the first 15 months (reverts to 14.99% p.a.)

$99 p.a.

Annual fee

55 days

Interest free period

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Details

Product NameCiti Clear Card
Balance transfer rate0.9% p.a. for 15 months
Balance transfer revert rateCash Advance Rate (22.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate0.9% for 15 months, reverts to 14.99% p.a.
Annual fee$99
Interest-free period55 days
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

  • 0.9% p.a. on purchases for 15 months (reverts to 14.99% p.a.)
  • 0.9% p.a. on balance transfers for the first 15 months with no balance transfer fee
  • 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
Annual fee$99
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

Expert review

Sally McMullen

Review by


Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Citi Clear credit card offers a 0.9% p.a. balance transfer rate for 15 months (with no balance transfer fee), which is suited to those who want to get their debt under control while avoiding extra fees. It’s also worth noting that Citi is 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

  • Purchase rate offer. New cardholders who apply and are approved by 31 October 2020 can take advantage of a 0.9% p.a. interest rate on purchases for the first 15 months. After this introductory period, an interest rate of 14.99% p.a. applies to your purchases.
  • Balance transfer offer. You can consolidate existing debts with a low 0.9% p.a. interest rate for the first 15 months (with no balance transfer fee) when you apply, request the balance transfer and get approved for this card by 31 October 2020. Any unpaid balance after the promotional period ends will be charged at the variable cash advance rate (currently 22.24% p.a.).

Rates & fees

  • Annual fee. This card charges a standard annual fee of $99.
  • Interest-free period. 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?

    • Avatarfinder Customer Care
      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

    • 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

  3. 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 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. 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

  5. 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, 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?

    • Avatarfinder Customer Care
      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

    • Avatarfinder Customer Care
      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. Avatarfinder Customer Care
    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

    • Avatarfinder Customer Care
      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

    • Avatarfinder Customer Care
      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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