Black Friday savings continue! 🥳

Get the biggest bargains of Cyber weekend

Citi Rewards Card

Last updated:  

Save with a discounted annual fee for the first year and 0% interest on balance transfers for 30 months.

This Citi Rewards credit card offer gives you breathing space on interest charges for more than two years when you’re paying off existing debt. When you apply by 31 March 2021, you can take advantage of 0% p.a. on balance transfers for the first 30 months, with no balance transfer fee.

0% p.a.

Balance transfer rate

for 30 months

21.49% p.a.

Purchase rate

1

Reward point

Per $ spent

$49 p.a.

Annual fee

for the first year ($149 p.a. thereafter)

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product NameCiti Rewards Card
Rewards programCiti Rewards Program
Balance transfer rate0% p.a. for 30 months
Balance transfer revert rateCash Advance Rate (22.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate21.49% p.a.
Annual fee$49 annual fee for the first year ($149 p.a. thereafter)
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% p.a. on balance transfers for the first 30 months, with no BT fee
  • $49 annual fee for the first year
  • Complimentary travel and purchase insurance
  • Earns 1 Citi reward Point per $1 spent

Cons

  • Balance transfer reverts to the high 22.24% p.a. cash advance rate
  • The 21.49% p.a. purchase interest rate is relatively high
  • You will not be eligible for interest-free days on retail purchases while you have a balance transfer
Rewards programCiti Rewards Program
Rewards points per $ spent1
Rewards points cap10,000
Annual fee$49 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 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

Expert review

Amy Bradney-George

Review by


Amy Bradney-George is the acting editor for credit cards and has more than 13 years’ experience writing about personal finance. She has bylines in publications including The Sydney Morning Herald, ABC News and The Equity Magazine. A passionate writer, she’s also acting editor for Finder X and senior writer for Finder Green. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not writing she spends her time as an actress.

Expert review

If you want to save on interest costs, this Citi Rewards card offers one of the longest balance transfer offers on the market, giving you 30 months to pay off your debt with a 0% interest rate. Its reduced $49 annual fee for the first year could also help you keep costs down in the shorter term. But with a revert rate of 22.24% p.a., you will need to pay the entire debt off during the introductory period if you want to avoid high interest charges.

The Citi Rewards Card also earns 1 point per $1 spent on eligible purchases, with a high points cap of $10,000 per statement period on your domestic spending (but no cap for overseas spending). Keep in mind, however, that if you are consolidating debt with a balance transfer, you should not be focused on earning rewards. You will also not be eligible for interest-free days while you carry a balance transfer debt.

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 no 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 when you apply by 31 March 2021 and request the balance transfer as part of your application. Please also note that purchases will not be eligible for interest-free days while you have a balance transfer.
  • Annual fee discount. Apply by 31 March 2021 and get a reduced $49 annual fee for the first year. After the first year, the annual fee is $149.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $149.
  • Purchase interest rate. The variable interest rate for purchases is 21.49% p.a.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site