Citi Simplicity Card – Rates and Fees

Information verified correct on December 10th, 2016
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Enjoy a 0% p.a. for 9 months offer on balance transfers, 5% cash back on all retail purchases (up to $2,000 spend), plus $0 annual fee for life and complimentary insurances.

Citi Simplicity lets you enjoy 0% p.a. for 9 months offer on balance transfers, 5% cash back on all retail purchases (up to $2,000 spend) within the first 90 days from card approval, $0 additional cardholder fee, $0 late payment fee and $0 annual fee for life.

In addition to that, you get to enjoy complimentary insurances along with protection services, a 24/7 Concierge service and free wine every time you dine with an eligible restaurant participating in the Citibank Dining Program.

Product NameCiti Simplicity Card
Balance transfer rate (p.a.)0% p.a. for 9 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (19.99% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Offer end date30 June 2017
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)19.99% 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 on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Minimum Monthly Repayment2% or $30 whichever is greater
Minimum Income$35,000
Card TypeVisa
Late Payment Fee$0
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 InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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 on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Annual Fee$0 p.a.
Minimum Repayment2% or $30 whichever is greater
Late Payment Fee$0
Over Limit Fee$0
Cash Advance Fee3.5% of transaction amount
Overseas Cash Advance Fee$5
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
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4

Pros

  • This card has a $0 annual fee for life.
  • 5% cash back on retail purchases (up to $2,000 spend) within 90 days from card approval
  • A 0% p.a. for 9 months balance transfer offer
  • $0 additional cardholder fee and $0 late payment fee
  • You can enjoy access to a personal concierge service and free bottles of wine from Citibank Dining Program.

Cons

  • The minimum income of $35,000 per year is required for application.

Citi Simplicity Visa Credit Card review

The Citi Simplicity Visa Credit Card offers a range of extra features and is combined with a $0 annual fee for life - making it a competitive card in the Australian market.

The minimum annual income requirement for this credit card is $35,000 and you'll need a good credit history to be eligible. You get up to 55 days interest-free on purchases if you pay your balance in full every statement period combined with a low offer on purchases for up to  months.

Benefits of being a Citi Simplicity Card

  • $0 p.a. annual fee. You won’t pay an annual fee for the life of the card and you can add up to 4 additional cardholders at no extra cost. Please note that all additional cardholders need to be over the age of 16. To add an additional cardholder, you’ll need to obtain a form through Citibank.
  • Balance transfer offer. You can consolidate your debt without the cost of interest with this card's 0% p.a. for 9 months offer on balance transfers (reverts to 19.99% p.a. thereafter).
  • 5% cashback offer. Receive 5% cash back on all retail purchases (up to $2,000 spend) within the first 90 days from card approval.
  • Concierge service. Have access to a personal concierge service available for 24 hours, as well as Citi World Privileges where you can get up to 25% off special offers and products. You can also experience the best in entertainment through Visa Platinum Privileges.
  • Eligible for Samsung Pay. Enjoy the convenience of making contactless payments when you shop by tapping your qualifying Samsung device on a terminal. Learn more about how Samsung Pay works here.
  • Citibank Dining Program. Dine at an eligible restaurant participating in the Citibank Dining Program and you could receive a free bottle of wine, as long as you use your Citi card to pay for the meal. Based on the assumption that you claim six free wines per year, you could save up to $210.
  • Complimentary purchase cover insurance. This applies to eligible products for 90 days after the date of purchase. This covers products that were purchased anywhere in Australia, including gifts that were given to an Australian permanent resident. This has an estimated savings value of $21 and is complimentary with this card.
  • Complimentary extended warranty insurance. This type of cover extends the original manufacturer's warranty on personal goods that were purchased with the card. The extension applies when the original warranty comes to an end. Please note an excess of $100 applies if you decide to make a claim. This has an estimated savings value of $100 and is an extra bonus with this card.
  • Complimentary transit accident. Purchase your travel tickets with your Citi Simplicity card and you and your family will receive up to $500,000 if you were to sustain a fatal injury as a passenger whilst travelling.
  • Guaranteed pricing scheme. Should you ever find the same product that has a price difference of more than AUD$75, you may be covered for the price difference up to AUD $500. Please note that both products need to have the same model number, produced in the same year and by the same manufacturer. For a full list of conditions, please refer to the Product Disclosure Statement.

Features of the Citi Simplicity Card

  • Annual fee waiver. You won’t pay an annual fee for the life of the card.
  • Balance transfer offer. A balance transfer can be a smart way to save money on interest when paying down debt and involves transferring your existing balance to a card with a low promotional rate. You can only conduct transfers from non-Citi cards and you can balance transfer up to 80% of your new approved credit limit. For example, if you're approved for $10,000 you can transfer $8,000.
  • Purchase rate. This card comes with an interest rate of 19.99% p.a. on purchases, which is the same rate for cash advances.
  • Interest-free days. Benefit from up to 55 days interest-free. This is only available if you've paid your statement in full and have a remaining balance from a balance transfer.
  • Maximum credit limit. The maximum is $100,000 - if you're worried that the credit limit you've requested is too high, you can choose for Citibank to assign one for you. Requesting a credit limit that is too high could result in your application being declined.
  • Minimum repayment. 2% or $30 whichever is greater of the closing balance; or the sum of the interest charges for the Statement Period (if applicable), plus 1% of your Closing Balance, plus any billed late payment fees as at the end of the Statement Period.
  • $0 late payment and additional cardholder fee. You won’t have to worry about paying a fee if you're unable to settle your bill by its due date and you can add up to 4 additional cardholders at no extra cost. Please note that all additional cardholders need to be over the age of 16. To add an additional cardholder, you’ll need to obtain a form through Citibank.
  • Overseas compatibility. When making a purchase in a foreign currency you’ll be charged 3.4% of the transaction amount. If you obtain a cash advance overseas you’ll be charged a flat $5 fee.
  • Benefits of Visa. Enjoy the worldwide acceptance of Visa and its many benefits mentioned above.
  • Fraudshield. Citibank's fraud department regularly checks any unusual activity on your card to detect early signs of fraud. If in the case there is an irregular purchase, Citibank will contact you.
  • Emergency card replacement. If in the event that your card is lost or stolen, you should contact Citi immediately and you can have your card replaced.

How to apply for the Citi Simplicity Card

If you would like to apply for this card, please complete and submit the secure online application. Before applying you will need to ensure that you meet the following criteria.

Eligibility criteria

  • You have to be at least 18 years old
  • You earn a minimum income of $35,000 p.a.
  • You have a good credit history
  • You are a permanent Australian resident
  • You need to supply an email address that you check regularly

Required documents

  • Personal details and contact details
  • Information about your job and you may need to submit a letter from your employer declaring your income
  • Information about your personal income and expenses
  • Your specified maximum credit limit. If you do not wish to choose one, leave this field blank

The whole application should take about 10-15 minutes to complete. You will receive a response in 60 seconds and you may be required to submit documents to your local Citibank Branch. After this step has been completed, you'll typically receive your card within 1-2 weeks. Your PIN is sent separately for security reasons.

While the Citi Simplicity Card offers a number of benefits to cardholders who are looking to save on standard card costs, it isn't the only low rate card with no annual fee on the market. Before applying, make sure to compare your options to ensure you're choosing the right card for you.

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146 Responses to Citi Simplicity Card – Rates and Fees

  1. Default Gravatar
    Frank | October 21, 2016

    My current Citi Rewards Visa card covers me for travel insurance. Does the Citi Simplicity card cover travel insurance?

    • Staff
      Jason | October 21, 2016

      Hi Frank.

      Thank you for your inquiry.

      The Citi Simplicity Card offers transit accident insurance but not international travel or interstate flight inconvenience insurance like other Citibank credit cards. You can check out this link for more information and the coverage of the said insurance policy.

      Cheers,
      Jason

  2. Default Gravatar
    Peter | June 20, 2016

    If I am in credit on my Citi Simplicity Card and draw cash from the card, do I pay the $5 cash advance fee overseas.

    • Staff
      May | June 21, 2016

      Hi Peter,

      Thanks for your question.

      Please note, that if you withdraw funds from your credit card overseas, even if the account is in credit or debit, the cash advance fee of $5 will still apply, however, Citibank will not charge your cash advance interest for withdrawing the credit amount.

      Cheers,
      May

  3. Default Gravatar
    Thomas | May 4, 2016

    I am entering a mobile number with 61 as asked and it wont accept it . What is going on? I am about to forget about it very soon.

    • Staff
      Jonathan | May 13, 2016

      Hi Thomas, thanks for your inquiry!

      If you are entering an Australian mobile number starting with +61, leave out the zero and enter the rest of the digits to complete the number entry.

      Cheers,

      Jonathan

    • Staff
      Jonathan | May 13, 2016

      Hi Thomas, thanks for your inquiry!

      If you are entering an Australian mobile number starting with +61, leave out the zero and enter the rest of the digits to complete the number entry.

      Cheers,

      Jonathan

  4. Default Gravatar
    | February 5, 2016

    Does this card come with reward points ?

    • Staff
      Arra | February 5, 2016

      Hi Darren,

      Thanks for your inquiry.

      Unfortunately, the Citi Simplicity Card does not come with a rewards program. You may like to compare rewards credit cards on this page.

      I hope this has helped.

      Cheers,
      Arra

  5. Default Gravatar
    Judy | November 20, 2015

    If you have a cash advancement on the Citi Simplicity Card is there a interest payment on money immediately or do you get a period of time interest free please? Many thanks

    • Staff
      Jonathan | November 22, 2015

      Hi Judy, thanks for your inquiry!

      The interest on the cash advance amount is charged daily, so repaying the amount within the same business day will avoid any interest charges.

      Cheers,

      Jonathan

  6. Default Gravatar
    sam | November 18, 2015

    hi there,
    I would like to apply for the citibank simplicity credit card, but i am not yet a permanent resident although hold a partner visa which leads to permanent residency later, got a full time employment, would like to know if i could still apply for the credit card?
    Thanks

    • Staff
      Ally | November 18, 2015

      Hi Sam,

      Thanks for your inquiry.

      The application requirements for this card are as follows:

      -Minimum age: 18
      -Minimum income requirement: $35,000
      -Credit history: Good
      -Residency requirement: You are a permanent Australian resident

      If you meet the aforementioned application criteria then you will be eligible to apply for this card.

      I hope this answers your question.

      Cheers,
      Ally

  7. Default Gravatar
    Cate | August 3, 2015

    Hi There

    I would like to transfer approx $8K from a credit card with a $15K limit

    Can you please confirm that there would be no interest fee if I pay the minimum each month?

    Are there any account keeping fees, fee to set up, fee to close the account other fees or commitments I need to be aware of?

    Thanks!

    Cate

    • Staff
      Sally | August 5, 2015

      Hi Cate,

      Thanks for your question.

      No fee will incur as long as you pay the total minimum payment due on or before the payment due date.

      For more info on the fees and charges, kindly click on the ‘Fees & Repayments’ tab on the info table here.

      I hope this has been helpful.

      Thanks,

      Sally

  8. Default Gravatar
    Jack | July 24, 2015

    Hello,

    If I applied for a balance transfer, does that mean I have to cancel the credit card that I am transferring my balance over? Can I select a set amount to be transfer and still continue use that old credit card?

    Thank you.

    • Staff
      Jonathan | July 27, 2015

      Hi Jack, thanks for your inquiry!

      The old card which you are transferring from is still left active until you cancel the service. You can specify the exact amount you would like to transfer over to the new card. Please note that Citibank only allows you to transfer up to 80% of your available credit limit on the new card.

      Cheers,

      Jonathan

  9. Default Gravatar
    | July 9, 2015

    Hi there,

    I am wondering whether I can transfer my personal loan to this credit card as balance transfer.

    Thank you.

    • Staff
      Sally | July 9, 2015

      Hi Victor,

      Thanks for your question.

      The following can be balance transferred to the Citi Simplicity Card, as long as the balance is in the name of the primary account holder.

      Any account balances from other financial institutions/stores, such as;
      Visa and MasterCard (all banks)
      Most store cards (e.g. David Jones and Myer)
      Personal Loans
      Lines of credit.

      I hope this has answered your question.

      Thanks,

      Sally

  10. Default Gravatar
    | July 8, 2015

    Hi there,

    Just wondering whether I can transfer my personal loan to this credit card as balance transfer?

    Cheers

    • Staff
      Sally | July 9, 2015

      Hi Victor,

      Thanks for your comment.

      Yes, you can transfer your personal loan (so long as it meets the other balance transfer eligibility requirements) to the Citi Simplicity Card.

      I hope this has helped.

      Thanks,

      Sally

Credit Cards Comparison

Rates last updated December 10th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* 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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