Citi Rewards Card | Finder

Citi Rewards Card – Balance Transfer Offer

Last updated:  

No longer available

This balance transfer offer expired on 30 November 2020. You can compare the current range of Citi credit cards here.

21.49% p.a.

Purchase rate


Reward point

Per $ spent

$0 p.a.

Annual fee

for the first year ($199 p.a. thereafter)

55 days

Interest free period

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Product NameCiti Rewards Card - Balance Transfer Offer - DISCONTINUED
Rewards programCiti Rewards Program
Balance transfer rate0% p.a. for 30 months with 1.5% balance transfer fee
Balance transfer revert rateCash Advance Rate (22.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate21.49% p.a.
Annual fee$0 annual fee for the first year ($199 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


  • 0% p.a. on balance transfers for the first 30 months
  • $0 annual fee for the first year
  • Complimentary travel and purchase insurance


  • Balance transfer charges a one-time 1.5% balance transfer fee and reverts to the high 22.24% p.a. cash advance rate
  • The standard annual fee of $199 is fairly high
Rewards programCiti Rewards Program
Bonus pointsN/A
Rewards points per $ spent1
Rewards points cap10,000
Annual fee$0 annual fee for the first year ($199 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$90
Number of additional cardholders4

How to apply

You can apply for this credit card offer in around 15 minutes and receive a response instantly. Before you apply, make sure you've met the eligibility requirements and have the necessary documents and details on hand.

Eligibility criteria

  • Eligible balance transfer debt. You can transfer balances from credit cards, store cards and personal loans not issued by Citi, from a minimum of $500 up to 80% of your credit limit.
  • Minimum income. You must earn at least $35,000 to apply for this card.

Card benefits

  • Balance transfer offer. Take advantage of 0% p.a. interest for the first 30 months on balance transfers, with a one-time 1.5% balance transfer fee. At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 22.24% p.a. This offer is valid until 30 November 2020.
  • Annual fee waiver. Apply by 30 November 2020 and look forward to a $0 annual fee for the first year. After the first year, the annual fee is $199.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $199.
  • Purchase interest rate. The variable interest rate for purchases is 21.49% p.a.

Ask an expert

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    Default Gravatar
    August 27, 2019

    This is my first time to look into a credit card reward program.
    How do I find out the worth of the reward point to know whether it is worthwhile to apply?

      Avatarfinder Customer Care
      August 27, 2019

      Hi Maggie,

      Thank you for getting in touch with Finder.

      If you consider applying for this Citi Rewards Platinum credit card, you’d earn 1 rewards point per dollar spend on eligibile transactions. Eligible transaction means any purchase excluding, but not limited to cash advances, balance transfer, special promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, payments to other Citi accounts, bank fees and charges such as interest and ATM charges, transactions made using points and government related transactions.

      I hope this helps.

      Thank you and have a wonderful day!


    Default Gravatar
    May 6, 2019

    I am looking to pay for my university fee of 10k in June with the card and then pay it off in 12 months. Do you have a card available for that?

      Default Gravatar
      May 7, 2019

      Hi Ammar,

      Thanks for getting in touch with Finder! You can use any card available to you as long as your university accepts credit card payments and which credit cards they accept. Please take note that unfortunately, a good number of them will add a 2% to 3% surcharge for the convenience. While that doesn’t sound like much, it could hurt: On a $5,000 tuition bill, you could pay around $150 just in credit card fees.

      Contact the registrar’s office at your university to find out if you can pay with a credit card — and how much you can expect to pay on top of your tuition.

      Hope this helps!


    Default Gravatar
    April 23, 2019

    Hi, I couldn’t see any information on what the cancellation fee is on this card? What is it? Thanks!

      Avatarfinder Customer Care
      April 23, 2019

      Hello Zac,

      Thank you for your comment.

      There is no fee when you want to cancel the card. You may close your account or cancel any payment facility by contacting the bank. You can contact the bank to request an account closure through internet banking. They will process the request to close your account as soon as is practicable, once the balance of your account is zero.

      If you wish to close your account and terminate your credit contract you are required to:

      • pay the outstanding balance of your account after the last transaction you, or any additional cardholder, authorised is charged to your account including all interest charges, fees, charges and expenses; and
      • you cancel all recurring card instructions with merchants.

      You will be told if there is anything else you need to do for them to complete your request. Hope this helps.


    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?

      Avatarfinder Customer Care
      April 7, 2019

      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,

    Default Gravatar
    March 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?

      Avatarfinder Customer Care
      March 14, 2019

      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


    Default Gravatar
    February 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?

      Avatarfinder Customer Care
      February 11, 2019

      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!


    Default Gravatar
    January 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?

      Default Gravatar
      January 15, 2019

      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.


    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?

      Avatarfinder Customer Care
      January 10, 2019

      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 interest 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 in 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 the interest-free days will work. For you to get interest-free days, you would need to pay your balance in full on your statement due date. You can learn more about interest-free days.


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