Citi Rewards Platinum Credit Card – Balance Transfer Offer

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Take advantage of an interest-free, 26 month balance transfer offer and a $0 annual fee for the first year with this Citi offer.

In addition to a considerably long balance transfer period, the Citi Rewards Platinum Credit Card offers a range of premium features, including dining perks, rewards for your spending and complimentary insurance covers.

20.99% p.a.

Purchase rate


Reward point

Per $ spent (Visa/Mastercard)

$0 p.a.

Annual fee

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

55 days

Interest free period


Product NameCiti Rewards Platinum Credit Card - Balance Transfer Offer
Rewards ProgramCiti Rewards Program
Balance Transfer Rate0% p.a. for 26 months with 1.5% balance transfer fee
Balance Transfer Revert RateCash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate20.99% p.a.
Annual Fee$199
Interest Free Period55 days
Cash Advance Rate21.74% p.a.
Minimum Credit Limit$6,000
Maximum Credit Limit$100,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo


  • 0% interest rate on balance transfers for 26 months
  • $0 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


  • Ongoing $199 p.a. annual fee and 20.99% p.a. purchase interest rate are relatively high
  • Charges a 1.5% balance transfer fee
Rewards ProgramCiti Rewards Program
Rewards Points per $ spent (Visa/Mastercard)1
Rewards Points per $ Cap (Visa/Mastercard)10,000
Annual Fee$199
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
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 Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

While this offer for the Citi Rewards Platinum offers a competitively long, interest-free balance transfer promotion, the 1.5% fee needs to be factored into your comparison. Similarly, the $0 first year annual fee will save you money, but the ongoing $199 p.a. annual fee is relatively high, so you should make sure the value you get from the other features outweighs this cost.

How to apply

If you would like to apply for the Citi Rewards Platinum 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

  • Long-term balance transfer. Apply by 30 November 2019 and request the balance transfer upon application to get a 0% interest rate for the first 26 months on balances transferred. Take note that a one-time, 1.5% balance transfer fee applies. Any unpaid amount remaining at the end of the promotional period will be charged at the cash advance interest rate, currently 21.74% p.a.
  • $0 first year annual fee. This Citi Rewards Platinum Credit Card offers a $0 annual fee for the first year ($199 p.a. thereafter).

Rates & fees

  • Purchase rate. The Citi Rewards Platinum charges a 20.99% 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
    August 17, 2019

    Hi there,

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

    • AvatarStaff
      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!


  2. Default Gravatar
    March 27, 2019

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

    • AvatarStaff
      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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