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Citi Rewards Card

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Enjoy a $500 e-voucher and a $99 annual fee for the first year with this Citi offer.

The Citi Rewards credit card offers a range of premium features, including dining perks, rewards for your spending and complimentary insurance covers.

21.49% p.a.

Purchase rate


Reward point

Per $ spent

$99 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 - $500 Voucher Offer
Rewards programCiti Rewards Program
Balance transfer rate0% p.a. for 12 months
Balance transfer revert rateCash Advance Rate (22.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate21.49% p.a.
Annual fee$99 annual fee for the first year ($199 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


  • $500 e-voucher
  • $99 annual fee for the first year
  • Earn Citi Rewards Points that can be redeemed through Citi or converted to frequent flyer points, including Velocity
  • Complimentary travel insurance


  • The standard annual fee of $199 p.a. and 21.49% p.a. purchase interest rate are relatively high
Rewards programCiti Rewards Program
Rewards points per $ spent1
Rewards points cap10,000
Annual fee$99 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

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

While this offer for the Citi Rewards Card offers a discounted $99 first-year annual fee that will save you money, the standard $199 p.a. annual fee is relatively high – so you should make sure the value you get from the other features outweighs this cost. It helps that this introductory offer gives you a $500 e-voucher for Myer, JB-Hi-Fi or Coles when you apply by 30 November 2020 and spend at least $3,000 within 90 days from approval. That’s enough to cover the card’s annual fee for the first 3 years, with some cash left over.

How to apply

If you would like to apply for the Citi Rewards credit card, you can do so online. 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

  • Minimum income. You must earn at least $35,000 per year to qualify.
  • Balance transfer debt. Balances can be transferred up to 80% of your credit limit from Australian store cards, personal loans and credit cards not issued by Citibank.

Card benefits

  • $500 e-voucher. When you apply by 30 November 2020 and spend at least $3,000 within 90 days from approval, you'll get a $500 e-voucher that you can redeem at Myer, JB-Hi-Fi or Coles.
  • Discounted first year annual fee. This Citi Rewards credit card offers a $99 annual fee for the first year ($199 p.a. thereafter).

Rates & fees

  • Purchase rate. The Citi Rewards Card charges a 21.49% p.a. interest rate on purchases.
  • 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. Please note that interest-free days do not apply while you are carrying a balance transfer debt.

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  1. Default Gravatar
    September 10, 2019

    Can i do balance transfer on both credit card and personal loan at the same time ?

    • Default Gravatar
      September 11, 2019

      Hi Raj,

      Thanks for getting in touch! Most credit card providers will accept a balance transfer from a credit card, store card or charge card issued in Australia. However, credit cards won’t accept personal loans and credit cards to consolidate into one credit card. You can find cards that offer balance transfers from personal loans. While balance transfer credit cards offer a lower interest rate, if you are looking to consolidate both debts into one account – a debt consolidation may also work and you can find more information on this page.

      One thing to note remember is that you can’t transfer a balance under the promotional rate of interest between two accounts offered by the same institution. For example, you can’t transfer a balance from a Westpac credit card to another Westpac credit card and get the introductory interest rate, you could, however, transfer a balance from an ANZ credit card.

      You can compare the banks you can and can’t conduct a balance transfer between for more information.

      Hope this helps and feel free to reach out to us again for further assistance.


  2. Default Gravatar
    August 17, 2019

    Hi there,

    I am Ajesh. Just wondering whether I can do the balance transfer to my home loan?

    • Avatarfinder Customer Care
      August 18, 2019

      Hi Ajesh,

      Thank you for getting in touch with Finder.

      Currently, you may only do a balance transfer with a credit card or personal loan but not with a home loan. You may consider refinancing your home loan if you need to. Kindly speak to a mortgage broker regarding your home loan to discuss your options.

      I hope this helps.

      Thank you and have a wonderful day!


  3. Default Gravatar
    March 27, 2019

    If I apply for this card and get approved, how long do I have to do a balance transfer?

    • Avatarfinder Customer Care
      March 27, 2019

      Hello Suprita,

      Thank you for your comment.

      If you’re interested to get a 0% p.a. interest rate for 26 months for this card, this applies to balances transferred with this offer at point of application. Your total balance transfers may not exceed 80% of your credit limit.

      If you did the balance transfer after the application, you will not qualify for the offer, unfortunately.


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