Citi Platinum Credit Card – Bonus Points

Receive bonus Citi reward Points for 20 months, 0% p.a. on balance transfers for 12 months and a reduced annual fee of $49 for the first year.

The Citi Platinum Credit Card offers a range of premium features, including rewards, complimentary extras and introductory offers for new customers. Apply for this card and you will get 10,000 bonus points per month for the first 20 months (up to 200,000) when you apply by 31 March 2019 and spend at least $1,000 per month. If you are a frequent flyer, you can convert your points to Emirates Skyward Miles, Velocity Frequent Flyer and Singapore Airlines KrisFlyer.

In addition to this competitive bonus points offer, this card gives you access to perks including 0% p.a. for 12 months on balance transfers, up to 6 months complimentary international travel insurance, a personal concierge service and access to the Citibank Dining Program. It also has a reduced annual fee of $49 in the first year ($149 p.a. thereafter) and 50% off in subsequent years when you meet the spend requirement.

Product NameCiti Platinum Credit Card
Rewards ProgramCiti Rewards Program
Balance transfer rate (p.a.)0% p.a. for 12 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.99% p.a.
Offer end date31 March 2019
Annual fee$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Max credit limit
This credit limit may not be issued to you immediately upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
$100,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$49 p.a. 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$10
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Cash Advance Fee3.5% of transaction amount or $3.50
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$90
Number of Additional Cardholders4

Pros

  • Apply by 31 March 2019 and earn 10,000 bonus reward Points each month for the first 20 months (up to 200,000 bonus points) from card approval when you spend $1,000 or more per statement period.
  • Enjoy a reduced annual fee of $49 in the first year and 50% off the standard $149 in subsequent years when you spend at least $24,000 in the preceding year.
  • Benefit from a balance transfer offer of 0% p.a. for up to 12 months with no BT fee.
  • You can stay protected with complimentary travel and purchase insurance.

Cons

  • The total bonus points must be earned over a 20-month period with a relatively high spend requirement each month.
  • Even for a platinum credit card, a standard annual fee of $149 is fairly high.
  • Additional cardholders come at a cost of $90 each.
  • When the balance transfer period expires, the interest charged on any outstanding balance will be charged at the higher cash advance rate of interest.
Rewards ProgramCiti Rewards Program
Bonus Points200,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap10,000

Benefits of the Citi Platinum Credit Card

  • 10,000 bonus Citi reward Points per month for 20 months. When you spend $1,000 or more on eligible transactions in each statement period, you will receive 10,000 bonus Citi reward Points per month for the first 20 months (up to 200,000 bonus points) from card approval. Points can be converted to Emirates Skyward Miles, Velocity Frequent Flyer and Singapore Airlines KrisFlyer, redeemed in the Citi Rewards Store, or used to receive a statement credit or cashback.
  • Linked Diners Club Card. Citi Platinum cardholders can also apply for a Linked Diners Club Card (LDCC) to take advantage of higher points earn rates. If you apply for a LDCC, you can earn 10,000 points after you make your first purchase within the first 90 days from card approval. This card comes at no extra cost and offers 2 points per $1 spent on eligible purchases. Please note that separate Diners Club eligibility requirements and rewards terms and conditions apply to this card.
  • Foreign transaction fees. If you use your Linked Diners Club Card to make a transaction in an overseas currency, the foreign transaction fee will be waived. If you use your Citi Platinum card to make a foreign transaction, the standard 3.4% fee will apply.
  • Annual fee discount. Apply by 31 March 2019 and save with a reduced $49 annual fee for the first year ($149 p.a. applies thereafter). You can take advantage of 50% off the annual fee in subsequent years when you spend more than $24,000 in the preceding year.
  • Earn Citi reward Points. This card offers 1 Citi reward Point per dollar spent on eligible domestic and international spend. There is a domestic spend cap of $10,000 per statement period, but no cap for eligible international spend. These points can then be redeemed for a wide range of rewards through the Citi Rewards Program, including travel, merchandise, cashback and frequent flyer points.
  • Balance transfer offer. Apply for the Citi Platinum Credit Card to get 0% p.a. interest for 12 months on balances transferred without a balance transfer fee. You must elect to transfer a balance at the time you apply for the credit card to be eligible for this offer. At the end of the 12-month introductory period, any unpaid balance will be charged interest at the cash advance rate.
  • Transfer personal loan debt. Citi is one of the few providers that allow you to transfer the balance of a personal loan to a credit card. Line of credit accounts can also be included in a balance transfer to the Citi Platinum Credit Card.
  • Complimentary travel insurance. Purchase your overseas travel tickets with this card and you and your family can be covered for medical expenses, trip cancellation due to unexpected circumstances, loss or theft of personal items and more.
  • Other complimentary insurances. This card also gives you access to purchase protection insurance that protects you against loss, theft or damage to a covered item purchased with the card. You'll also get an extended warranty cover for eligible items and a guaranteed pricing scheme that refunds the difference in price if you use the Citi Platinum Credit Card to purchase an eligible item and you see it on sale for less somewhere else.

Features of the Citi Platinum Credit Card

Here are the features you should consider when looking at the Citi Platinum Credit Card.

  • Annual fee. Outside of promotion, the Citi Platinum Credit Card charges a standard annual fee of $149.
  • Balance transfer limit. Citi allows you to transfer up to 80% of your credit limit. For example, if you apply for the Citi Platinum Credit Card, and you’re approved for a credit limit of $10,000, you can transfer up to $8,000 from other cards and accounts.
  • Purchase rate. This card has a standard variable purchase rate of 20.99% p.a.
  • 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.
  • Cash advance rate. This card has a standard variable cash advance rate of 21.74% p.a. Note that this rate will also apply to any balance transfer amount that remains at the end of the balance transfer introductory period.
  • Additional cardholders. You can add up to 4 additional cardholders to the account for a $90 annual fee per additional card.
  • Visa benefits. Access to Visa benefits like Visa Frontline Access, which gives you cheap seats to the hottest tickets in town. This account is also Visa PayWave enabled.
  • Mobile payment technology. With the Samsung Pay and Apple Pay smartphone apps, you can now easily make payments by tapping your phone at the contactless terminal.

How to apply for the Citi Platinum Credit Card

If you would like to apply for the Citi Platinum Credit Card, you can do so using the "Go to Site" button on this page. 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

  • You must be 18 years of age or older.
  • You must have a good credit rating.
  • You must earn more than $35,000 p.a.
  • You must be a citizen or permanent resident of Australia.

Required documents

If you meet the criteria for this card, you can start the application process. Make sure you have the following details and documents handy:

  • Personal information. You have to provide your contact details, residential address, email address and driver's licence number.
  • Employment information. You'll need to provide proof of employment such as payslips. You'll also be required to submit your employer’s details, or your accountant’s details if you're self-employed.
  • Financial information. You have to provide proof of assets and liabilities. As well as your primary income, this could include income from any investments or shares, as well as savings accounts. You'll also need to provide details of any existing debts and loans such as mortgages, plus regular expenses such as rent, groceries and household bills.

The Citi Platinum Credit Card is a premium product that provides a competitive points earn rate on purchases and includes a 0% p.a. balance transfer offer. However, the standard annual fee of $149 is higher than some other platinum cards, so make sure you compare a range of products to help you find an option that suits your needs.

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23 Responses

  1. Default Gravatar
    JohnJuly 29, 2018

    Do you provide direct debit to automatically pay balances due?

    Is an allocated pension an acceptable income?

    • finder Customer Care
      JeniJuly 29, 2018Staff

      Hi John,

      Thank you for getting in touch with finder.

      If you wish to set up a direct debit on your Citi Platinum credit card account to assure that your balance is fully paid on time, you may do that by calling Citi’s help centre.

      Please note that the minimum income requirement is at $35,000. Now, in regards to your income enquiry, YES, allocated pension is acceptable. For retirees or self-fund retirees, please supply any one of the following options:

      – A letter from Centrelink showing applicant’s name and the Permanent Government Pension amount, or
      – Three most recent bank statements showing applicant’s regular Centrelink payments, or
      – The annual superannuation statement which includes an indexed pension amount, or
      – One most recent Self-managed Superannuation Tax Return less than 15 months old

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    RankoJune 26, 2018

    I have had a Citibank card in the past. I am thinking of doing a balance transfer of about $9,000 from two other cards. What interest rate would I get? and also as I have had a Citibank card before would I still be eligible for the free 100,000 Qantas frequent flyer points. Please look into this and give me the correct answer.

    • Default Gravatar
      ArnoldJune 26, 2018

      Hi Ranko,

      Thanks for your inquiry

      The promo is available only to new card customers and cannot be used in conjunction with any other offer. If you already had the Citibank Platinum Credit Card before, you may not be eligible for the current promo. But if you previously held a different Citibank Credit Card, you can apply for the Citibank Platinum Credit Card and receive the bonus points as long as you meet the spending requirements.

      Citi offers credit card balance transfer options that can help you consolidate your existing debts, including credit card balances and personal loans. In fact, Citi is one of the only Australian credit card providers that allows you to balance transfer personal loan debt to a credit card. For more information, here is a step-by-step guide to balance transfers with Citi.

      Hope this information helps

      Cheers,
      Arnold

  3. Default Gravatar
    April 2, 2018

    Hi, can you please give some example of how much 100k bonus point can redeem or in $ value? supermarket gift card? travel voucher, or statement credit? Thanks.

    • finder Customer Care
      JeniApril 2, 2018Staff

      Hi CW,

      Thank you for getting in touch with finder.
      Earn points for your credit card spending and redeem them for travel, shopping and gift cards through the Citi Rewards program, for example, to get an Accor Hotels gift card of $100 you need 20,900 points. You can transfer your Citi Rewards points to frequent flyer points with Emirates Skywards, Singapore Airlines KrisFlyer or Velocity Frequent Flyer. The amount of Citi Rewards points you’ll need per frequent flyer point and the minimum transfer requirements can vary from card to card, so you’ll need to log in to your account and go to citirewards.com to get the most accurate details. You can use your Citi Rewards points at any time by logging in to your Citibank Online account and clicking the “Rewards” button at the top of the page. From there, you’ll be able to see your point balance, browse rewards and follow the prompts to make a redemption.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  4. Default Gravatar
    JoelApril 1, 2018

    Hi Sal,

    Thanks for leaving question on finder.

    Unfortunately, this card is not available to temporary residents. We have a comparison of credit cards for temporary residents here so you can weigh your options.

    Cheers,
    Joel

  5. Default Gravatar
    FabiolaMarch 10, 2018

    Just want to ask. I see some credit card offers that says I can get bonus points but I have to spend $3000 within 1st 3 months of approval of the card. If I do a balance transfer from another card that is $3000 or more, would that satisfy the term of spending $3000?

    • finder Customer Care
      RonMarch 16, 2018Staff

      Hello Fabiola,

      Bonus points can be earned when you spend on eligible transactions only. Eligible Transaction is defined in the Rewards Program Terms and Conditions of Citibank and means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, government related transactions and all other transactions set out within the definition.

      Balance transfers are excluded from eligible transactions and therefore will not earn you points.

      Hope this helps!

      All the best,
      Ron

  6. Default Gravatar
    mMarch 5, 2018

    100,000 bonus points is this available to transfer to Qantas frequent flyer points if minimum spend requirement is met?

    • Default Gravatar
      LiezlMarch 6, 2018

      Hi Mary,

      Thanks for visiting finder.

      I’m afraid you cannot transfer the bonus Citi reward points to Qantas frequent flyer points. You can only convert them to frequent flyer program points mentioned above.

      However if you wish to earn Qantas frequent flyer points going forward, you can switch from Citi Rewards to Citi Qantas Rewards. You have to note though, that any points you’ve collected on your Citi Rewards will be lost during the transition. You can refer to this guide to know how this reward program works.

      Feel free to message us anytime if you have further questions.

      Cheers,
      Liezl

  7. Default Gravatar
    February 19, 2018

    Hi Can I balance transfer a personal loan to this card? Also if I spend $3000 and pay it back within 55 days I will pay no interest and earn 100k points?

    • finder Customer Care
      JonathanMarch 8, 2018Staff

      Hi Trent, you can balance transfer a personal loan to this card.

      If you have an outstanding balance i.e. from your balance transfer, any purchases you make will incur interest. To not incur any interest on purchases, you’d need to pay off your balance transfer debt first. The spend of $3,000 would qualify you for the 100k points.

      Best,

      Jonathan

  8. Default Gravatar
    February 19, 2018

    what is the extra cardholder fee?

    • finder Customer Care
      JonathanMarch 12, 2018Staff

      Hi Barbara, thanks for your inquiry!

      The additional cardholder fee for this card is $90.

      Best,

      Jonathan

  9. Default Gravatar
    antoniettaNovember 20, 2017

    Is there an exit fee or a time frame without penalties?

    • finder Customer Care
      RenchNovember 21, 2017Staff

      Hi Antonietta,

      Thanks for inquiry. Please note that we are not affiliated with Citi or any company we feature on our site and so we can only offer you general advice.

      There are no exit/termination fees for the Citi Platinum Credit Card. You may click on the ‘Fees & Repayments’ tab on this page to view all the fees applied for this card.

      You may inquire with CIti directly to confirm info.

      Cheers,
      Rench

  10. Default Gravatar
    KTINovember 2, 2017

    How much are the reward points worth when transferred to Velocity?

    • finder Customer Care
      RenchNovember 2, 2017Staff

      Hi,

      Thanks for your inquiry. Please note that we are not affiliated with Citi or any company we feature on our site and so we can only offer you general advice.

      You can earn 1 Velocity Point per 2.5 Citi Rewards points transferred for Citi Gold (Visa), and Citi Platinum credit cards. Minimum of 25,000 Citi Rewards points per transfer.

      Hope this information helped.

      Cheers,
      Rench

Credit Cards Comparison

Rates last updated December 13th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee. Ends 16 December 2018
More info
Suncorp Clear Options Platinum Credit Card - Online Offer
20.74% p.a.
0% p.a. for 18 months
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and earn up to 60,000 Bonus Rewards Points. Plus, a discounted first year annual fee when you apply online.
American Express Westpac Altitude Platinum Bundle - Qantas
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
Up to 75,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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