Citi Rewards Platinum Credit Card – Exclusive Bonus Points Offer

Take advantage of 100,000 bonus points, a reduced annual fee of $49 in the first year, and a competitive rewards program with this exclusive Finder offer.

The Citi Rewards Platinum Credit Card offers a range of premium features, including rewards that can also be converted to frequent flyer points, complimentary insurance covers and the ability to balance transfer personal loan debt.

This offer is exclusive to finder.com.au only

As you know, it's part of our ongoing mission to find you a better deal as we continuously seek to provide you with the most competitive offers. Our exclusive offers are unique to the market and are only available if you apply online through finder.com.au.

If you prefer a balance transfer & purchase rate deal over this bonus points offer, check out this exclusive deal. For more information about the application process and to see whether you're eligible for this offer, see below.

Product NameCiti Rewards Platinum Credit Card - Exclusive Bonus Points Offer
Rewards ProgramCiti Rewards Program
Balance transfer rate0% p.a. for 15 months with 1% balance transfer fee
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term 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 date30 June 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 limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$6,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$100,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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$30
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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 the transaction amount or $3.50
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$90
Number of Additional Cardholders4

Pros

  • 100,000 bonus reward Points when you spend $3,000 within 90 days.
  • Discounted annual fee of $49 in the first year.
  • Balance transfer offer of 0% p.a. for up to 15 months.
  • Complimentary travel and purchase insurance.

Cons

  • Additional cardholders come at a cost of $90 each.
  • Charges a 1% balance transfer fee.
  • 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 Points100,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap10,000

Benefits of the Citi Rewards Platinum Credit Card - Exclusive Bonus Points Offer

  • Bonus points. You can boost your rewards with 100,000 bonus Citi reward Points when you apply through Finder and spend $3,000 in the first 90 days. To give you an idea of your rewards potential, you could exchange 100,000 bonus Citi Points for 40,000 Velocity Points or make up most of the cost of a $500 Flight Centre voucher (worth 104,200 points).
  • Earn Citi reward Points. You'll earn 1 Citi reward Point per $1 spent in Australia and overseas. The earn rate is capped at 10,000 on domestic spend. You can redeem your Citi reward Points for merchandise, gift cards, frequent flyer points with Velocity, Singapore Airlines KrisFlyer, Emirates Skywards, credit back on your account and more.
  • Reduced first year annual fee. When you apply by 30 June 2019, you'll save with a $49 first year annual fee (which reverts to $149 p.a. thereafter).
  • 0% balance transfer offer. New Citi customers can repay existing debt and save on interest with 0% p.a. on balance transfers for 15 months. A 1% balance transfer fee applies and any remaining debt will attract the cash advance interest rate at the end of the introductory period. You can transfer up to 80% of your approved credit limit from non-Citi credit and store card accounts as well as personal loans.
  • Complimentary international travel insurance. You can travel with peace of mind and save on necessary costs with complimentary international travel insurance. If you use your card to purchase your overseas travel ticket, you'll be covered for up to 6 months for medical, unexpected expenses, trip cancellation, and personal loss/liability. This insurance also covers your spouse or any dependent children travelling with you. See the terms and conditions for more details regarding the eligibility requirements, exclusions and claims process.
  • 24/7 personal concierge service. Whether you need help booking your family holiday, making a last minute restaurant reservation or organising a gift for a loved one, you can contact your personal concierge service for assistance 24/7 and from anywhere around the world.
  • Citi Dining Program. You'll receive a free bottle of wine every time you dine and pay with your Citi card at one of the hundreds of partner restaurants across the country.
  • Samsung Pay. Link your Citi account with Samsung Pay and you can use your Samsung device to tap and pay at contactless terminals. Learn more about Samsung Pay in this guide.

Rates, fees and other features

  • Annual fee. This card charges a standard annual fee of $149.
  • Purchase interest rate. This card charges a 20.99% p.a. interest rate on purchases.
  • Interest-free days. You can take advantage of up to 55 interest-free days if you pay your balance in full by the statement due date. Interest-free days don't apply if you're paying off a debt from a balance transfer.
  • Cash advance interest rate. If you use your card to make a cash advance (such as an ATM withdrawal), you'll immediately attract the 21.74% p.a. interest rate.
  • Cash advance fee. As well as the interest rate, you'll be charged 3.5% of the transaction amount or $3.50 (whichever is higher) when you do a cash advance in Australia. A $5 fee applies to overseas cash advances.

How to apply

You can only apply for this exclusive offer through Finder. The application will take 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

  • Income. You'll need to have a minimum annual income of at least $35,000.
  • Credit history. This card is only available to people with a good credit score and a history free of defaults and bankruptcy.
  • Residency. You must be a permanent Australian resident to apply.
  • Contact details. You must be able to provide a valid email address.
  • Minimum age. Cardholders must be at least 18 years old.

Documents and details to provide

  • Personal information. Personal details such as your full name and contact details including your home address and phone number.
  • Employment. Information about your job including your role and employer's contact details. You also need to submit a letter from your employer declaring your income.
  • Financial details. You'll be asked to provide information about your income, liabilities and expenses.
  • Your credit limit. Your specified maximum credit limit (if you do not wish to choose one, leave this field blank).
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12 Responses

  1. Default Gravatar
    PatrickApril 9, 2019

    If I nominate for the Citi Qantas Rewards Program at application, will the bonus points be allocated as Qantas Reward points or Citibank Rewards?

    • finder Customer Care
      JoshuaApril 9, 2019Staff

      Hi Patrick,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      The bonus points that you will receive upon meeting the eligibility requirements would be Citi reward points. Later, you can opt in to Citi Qantas Rewards if you want to earn Qantas points instead. However, please note that the earn rates are different when you’ve opted in to Citi Qantas Rewards compared to those of Citi Rewards credit cards.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    April 4, 2019

    I have applied for this card previously and I had to cancel the card as I was going for home loan. Am I eligible to apply for this card within 12 months.

    • finder Customer Care
      JeniApril 5, 2019Staff

      Hi Praveen,

      Thank you for getting in touch with Finder.

      You may still apply for this card after cancelling this within or after 12 months.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  3. Default Gravatar
    April 4, 2019

    When I click through to Citibank’s website it states the annual fee is $249.
    Does the ongoing annual fee of $149 quoted above only apply when applying via finder.com? Will it be ongoing or revert to $249 after the second year?

    • finder Customer Care
      NikkiApril 4, 2019Staff

      Hi Diane,

      Thanks for getting in touch! The Citibank Rewards Platinum Credit Card. As it says on our page and the Citibank website. The 1st year upon approval of card gives you $49 annual fee then it reverts back to $149 on the second year. Hope this clarifies!

      Best,
      Nikki

  4. Default Gravatar
    March 20, 2019

    Hi does this include domestic travel insurance cover as well?

    • finder Customer Care
      JoshuaMarch 20, 2019Staff

      Hi Dano,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Upon checking, I’m afraid the complimentary travel insurance of this card only covers international or overseas travel.

      If in case you are interested in exploring a list of domestic travel insurance, please go to this page instead. On that page, you will see a table that allows you to compare some top insurers within Australia and how their domestic policies work. You can then click on their corresponding “Get Quote” button to learn more.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  5. Default Gravatar
    PabMarch 10, 2019

    I used to have a Citi Platinum Reward card which was cancelled in 2018, in general there is always a term where you will not be eligible for bonus points should you cancel the card within 12 or 18 months, depending on card providers. However, I did not find such clause here. Am I correct to assume I would be eligible for 100k points once meeting spending criteria even though I cancelled this same type of credit card within 12 months? Thank you.

    • finder Customer Care
      JohnMarch 11, 2019Staff

      Hi Pab,

      Thank you for reaching out to Finder.

      I had your question confirmed with a Citi representative and yes you are correct that you are eligible for the promotion as long as you apply before the offer that ends 30 June 2019. Hope this helps!

      Cheers,
      Reggie

  6. Default Gravatar
    March 7, 2019

    Can the Citi Rewards points be converted to Qantas Frequent Flyer Points?

    • finder Customer Care
      JoshuaMarch 7, 2019Staff

      Hi Sharon,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      As of now, you can’t convert your Citi Rewards points to Qantas Frequent Flyer Points, Sharon. The reason is that the points you’ve collected will be lost if you switch between Citi Rewards and Citi Qantas Rewards.

      However, if you want to earn Qantas points directly, you can do so by enrolling your account to the Citi Qantas Rewards program. When you are part of the Qantas rewards program, you would be able to earn Qantas Points per $1 spent on eligible purchases. The points you earn will be automatically credited to your Qantas Frequent Flyer account at the end of each statement period.

      If you want to learn more about Citi Rewards program guide, please go to this page. On that page, you will know how to earn points for your credit card spending and redeem them for travel, shopping and gift cards through the Citi Rewards program.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

Credit Cards Comparison

Rates last updated April 27th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

Compare up to 4 providers

* 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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