Citi Rewards Platinum Credit Card – Exclusive Offer

Enjoy 0% interest on purchases and balance transfers for 13 months. Plus, a reduced annual fee of $49 for the first year.

The Citi Rewards Platinum Credit Card offers 0% p.a. interest for 13 months on purchases and balance transfers (with no balance transfer fee) and a reduced annual fee of $49 for the first year. To take advantage of this offer, you must apply through finder.com.au.

In addition to these features, you can look forward to complimentary insurance covers, a personal concierge, access to the Citibank Dining Program and Visa benefits.

This offer is exclusive to finder.com.au only

As you know, it’s part of our ongoing mission to find you a better deal as we continuously seek to provide you with the most competitive offers. Our exclusive offers are unique to the market and are only available if you apply online through finder.com.au.

If you prefer a bonus points promotion over this purchase rate offer, check out our review of the Citi Rewards Platinum Credit Card. For more information about the application process and to see whether you’re eligible for this offer, see below.

Product NameCiti Rewards Platinum Credit Card - Exclusive Offer
Rewards ProgramCiti Rewards Program
Balance transfer rate0% p.a. for 13 months
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)0% p.a. for 13 months (reverts to 20.99% p.a.)
Annual fee$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$6,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$100,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Cash Advance Fee3.5% of transaction amount or $3.50
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$90
Number of Additional Cardholders4

Pros

  • 0% interest on purchases and balance transfers for up to 13 months (with no BT fee).
  • Reduced annual fee of $49 in the first year.
  • Complimentary travel and purchase insurance.

Cons

  • Even for a platinum credit card, a standard annual fee of $149 is fairly high.
  • Additional cardholders come at a cost of $90 each.
Rewards ProgramCiti Rewards Program
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap10,000

Benefits of the Citi Rewards Platinum Credit Card

  • Exclusive purchase rate offer. Save on credit card costs with 0% p.a. interest for 13 months on purchases when you apply through finder.com.au. Rate reverts to 20.99% p.a. thereafter.
  • Exclusive balance transfer offer. Take advantage of 0% p.a. interest for 13 months on balance transfers, with no balance transfer fee. At the end of the 13-month introductory period, any unpaid balance will be charged interest at the cash advance rate, currently 21.74% p.a. This offer is only available through Finder.
  • Annual fee discount. Save with a discounted annual fee of $49 for the first year ($149 p.a. applies thereafter).
  • Linked Diners Club Card. Citi Rewards Platinum cardholders can also apply for a Linked Diners Club Card (LDCC) to take advantage of higher points earn rates. If you apply for a LDCC, you will earn 2 points per dollar spent on eligible transactions, uncapped. Please note that separate Diners Club eligibility requirements and rewards terms and conditions apply to this card.
  • Foreign transaction fees. If you use your Linked Diners Club Card to make a transaction in an overseas currency, the foreign transaction fee will be waived. If you use your Citi Rewards Platinum card to make a foreign transaction, the standard 3.4% fee will apply.
  • Citi reward Points. This card earns 1 Citi reward Point per dollar spent on eligible domestic and international spend. There is a domestic spend cap of $10,000 per statement period, but no cap for eligible international spend. These points can then be redeemed for a wide range of rewards through the Citi Rewards Program, including travel, merchandise, cashback and frequent flyer points.
  • Transfer personal loan debt. Citi is one of the few providers that allow you to transfer the balance of a personal loan to a credit card. Line of credit accounts can also be included in a balance transfer to the Citi Rewards Platinum Credit Card.
  • Complimentary travel insurance. Purchase your overseas travel tickets with this card and you and your family can be covered for medical expenses, trip cancellation due to unexpected circumstances, loss or theft of personal items and more.
  • Other complimentary insurances. This card also gives you access to purchase protection insurance that protects you against loss, theft or damage to a covered item purchased with the card. You'll also get an extended warranty cover for eligible items and a guaranteed pricing scheme that refunds the difference in price if you use the Citi Rewards Platinum Credit Card to purchase an eligible item and you see it on sale for less somewhere else.

Features of the Citi Rewards Platinum Credit Card

Here are the features you should consider when looking at the Citi Rewards Platinum Credit Card.

  • Purchase rate. This card charges a variable purchase rate of 20.99% p.a.
  • Cash advance rate. This card charges a variable cash advance rate of 21.74% p.a. Note that this rate will also apply to any balance transfer amount that remains at the end of the balance transfer introductory period.
  • Balance transfer limit. Citi allows you to transfer up to 80% of your credit limit. You can transfer debt from Australian credit cards, store cards or personal loans not issued by Citi.
  • Interest-free days. If you pay your balance in full by the due date on each statement, you can get up to 55 days interest-free on purchases. You will not get interest-free days while you carry debt from a balance transfer.
  • Additional cardholders. You can add up to 4 additional cardholders to the account for a $90 annual fee per additional card.
  • Visa benefits. Access to Visa benefits like Visa Frontline Access, which gives you cheap seats to the hottest tickets in town. This account is also Visa PayWave enabled.
  • Mobile payment technology. With the Samsung Pay and Apple Pay smartphone apps, you can now easily make payments by tapping your phone at the contactless terminal.

How to apply for the Citi Rewards Platinum Credit Card

If you would like to apply for this finder exclusive offer for the Citi Rewards Platinum Credit Card, you can do so using the "Go to Site" button on this page. The application should only take 10 – 15 minutes to complete and Citi will contact you to verify the status of your application within moments of submitting the online form. Please refer to the following eligibility criteria before you apply:

Eligibility criteria

  • You must be 18 years of age or older.
  • You must have a good credit rating.
  • You must earn an income $35,000 p.a. or more
  • You must be a citizen or permanent resident of Australia.
  • You must apply via finder.com.au.

Required documents

If you meet the criteria for this card, you can start the application process. Make sure you have the following details and documents handy:

  • Personal information. You have to provide your contact details, residential address, email address and driver's licence number.
  • Employment information. You'll need to provide proof of employment such as payslips. You'll also be required to submit your employer's details, or your accountant's details if you're self-employed.
  • Financial information. You have to provide proof of assets and liabilities. As well as your primary income, this could include income from any investments or shares, as well as savings accounts. You'll also need to provide details of any existing debts and loans such as mortgages, plus regular expenses such as rent, groceries and household bills.

The Citi Rewards Platinum Credit Card is a premium product that provides a competitive points earn rate on purchases and includes 0% p.a. purchase and balance transfer offers. However, the standard annual fee of $149 is higher than some other platinum cards, so make sure you compare a range of products to help you find an option that suits your needs.

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10 Responses

  1. Default Gravatar
    April 6, 2019

    Hi Team,
    I am confused on the eligibility criteria for this card.
    I had this CC in 2018 & I have cancelled the card for personal reasons.
    Am I eligible to apply for the card with in 12 months of cancelling my previous card?

    • finder Customer Care
      MaiApril 7, 2019Staff

      Hi Praveen,

      Thank you for contacting Finder.

      Yes, you are welcome to reapply for a Citi Rewards Platinum Credit Card. Please note though that you will still be subject for credit evaluation for approval. Once you have read the T&Cs and PDS of this card and identified if reapplying is an option, you can click the Go To Site button above to start a secure application with the bank and take advantage of the advertised promo.

      Hope this helps.

      Kind Regards,
      Mai

  2. Default Gravatar
    TENNYSONMarch 13, 2019

    I currently have this card but was wondering how to get the balance transfer rate as well? Can I close my current card and apply for the same card to get the balance transfer rate? Does this make sense?

    • finder Customer Care
      ValMarch 14, 2019Staff

      Hi Tennyson,

      Thank you for leaving question. You do not need to close the current account and apply for the same account. You may want to call Citi – with your current card, you may discuss with them how you can avail of the exclusive offer for the balance transfer rate. Hope this helps

      Cheers,
      Val

  3. Default Gravatar
    RMFebruary 8, 2019

    I had a Citibank CC which I closed in 2017, am I still eligible for this deal or is there an exclusion period?

    • finder Customer Care
      JeniFebruary 11, 2019Staff

      Hi RM,

      Thank you for getting in touch with finder.

      If you haven’t taken this card, you may submit your application as this exclusive offer is for new Citi Rewards Platinum credit cards customers only. Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/T&Cs of the card before making a decision and consider whether the product is right for you. Once you submit your online application, it will be reviewed and subject for approval.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    HVJanuary 14, 2019

    I am confused re the 0% purchase rate. If I use the balance transfer facility and therefore have this interest free – am I also able to make purchases at the 0% interest rate or will I be charged interest as I have an outstanding debt, ie the balance transfer?

    • finder Customer Care
      NikkiJanuary 15, 2019Staff

      Hi HV,

      Thanks for getting in touch! Since this card offers 0% interest on purchases for 13 months, even if you have an outstanding balance transfer, you’ll get 0% interest on purchases within the 13 month period.

      Should there be any leftover balance in the card after the 13 month period, the balance transfer amount will have a revert rate of 21.74% and 20.99% for purchases made. Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

  5. Default Gravatar
    January 9, 2019

    Hi Finder Team,
    How does the Exclusive purchase rate offer works? So if I get approved with $10k limit and lets say I make $5k purchase then I will not pay interest on this for 13 months even if I don’t pay the full $5k balance amount after the statement period end?

    This note “Interest-free days. If you pay your balance in full by the due date on each statement, you can get up to 55 days interest-free on purchases. You will not get interest-free days while you carry debt from a balance transfer.”
    kind of contradict the Exclusive purchase rate offer.

    Please advise?
    thanks,

    • finder Customer Care
      JohnJanuary 10, 2019Staff

      Hi Ray,

      Thank you for reaching out to finder.

      The promotion for 0% on purchases is offered for a limited period only. Say for 13 months like for this Citi Platinum Credit Card, you won’t incur interest on all your purchases for that 13-month period. However, after that period ends, your card will begin charging you interested on your unpaid balance which is currently at 20.99% p.a. Basically, the “”interest free days”” is a permanent feature of a credit card. So depending on the card, it will sometimes give you up to 55 days (other cards have 62 days) without interest on your purchases. Please note though that while your card is offering a Balance Transfer (BT) or 0% interest on purchases promotion, this interest free days feature won’t take effect. So after the promotional period, that’s when this interest free days will work. For you to get this interest free days, you would need to pay your balance in full on your statement due date. To know more about this feature, please visit this page – https://www.finder.com.au/how-your-credit-card-interest-free-period-works

      Cheers,
      Reggie

Credit Cards Comparison

Rates last updated April 20th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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