Citi Rewards Card – Purchase and Balance Transfer Offer

Offers 0% interest on purchases and balance transfers for the first 14 months and a reduced $49 annual fee in the first year, which goes to $149 after that.

The Citi Rewards Card earns 1 point per $1 on your eligible spending and comes with perks including complimentary mobile phone insurance and purchase protection insurance. With this introductory offer, you’ll get 0% interest on both purchases and balance transfers for the first 14 months when you apply by 28 April 2022.

0% p.a.

Balance transfer rate

for 14 months

0% p.a.

Purchase rate

for the first 14 months (reverts to 21.49% p.a.)

1

Reward point

Per $ spent

$49 p.a.

Annual fee

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

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Details

Product NameCiti Rewards Card - Purchase and Balance Transfer Offer
Rewards programCiti Rewards Program
Balance transfer rate0% p.a. for 14 months
Balance transfer revert rateCash Advance Rate (22.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate0% p.a. for 14 months, reverts to 21.49% p.a.
Annual fee$49 annual fee for the first year ($149 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
Joint applicationNo

Pros

  • 0% p.a. on purchases and balance transfers for the first 14 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 purchase rate reverts to 21.49% p.a.
  • You will not be eligible for interest-free days on retail purchases while you have a balance transfer
Rewards programCiti Rewards Program
Bonus pointsN/A
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

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

This offer on the Citi Rewards Card gives you a way to save, with 0% interest for 14 months on new purchases and existing balances you transfer from other cards or personal loans (as long as they’re not issued by Citi). This type of interest-free offer can be useful for people who want to pay off a card but also have to make new purchases. Plus, you’ll earn 1 point per $1 for any eligible spending – with a cap of $10,000 per statement period for eligible spending in Australia (there’s no cap overseas).

How to apply

You can apply for this Citi Rewards Card offer online in around 15 minutes and you should receive a response in 60 seconds. Before you start the application, make sure you meet the eligibility requirements and have the necessary information on hand.

Eligibility criteria

  • Minimum income. You'll need to have an annual income of at least $35,000.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • 0% interest on purchases for 14 months. Get a 0% interest rate for purchases you make in the first 14 months when you apply for this card by 28 April 2022. At the end of the introductory period, the interest rate for purchases reverts to 21.49% p.a.
  • Balance transfer offer. Pay 0% p.a. interest for the first 14 months on balance transfers, with no balance transfer fee when you apply by 28 April 2022. At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 22.24% p.a. Please note that purchases will not be eligible for interest-free days while you have a balance transfer.

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. This is higher than the average standard credit card interest rate in Australia, which is currently 19.94%.

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