Citi Simplicity Card – Rates and Fees

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Enjoy a 0% p.a. for 15 months on balance transfers offer, 5% cashback on all eligible purchases, plus $0 annual fee for life and complimentary insurances.

Citi Simplicity provides a range of benefits to help you save on costs. This card is offering 0% p.a. for 15 months on balance transfers, 5% cashback on all eligible purchases (capped at $50 per month) for the first 90 days from card approval 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 15 months with 1.5% balance transfer fee
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 date31 January 2018
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
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • This card has a $0 annual fee for life.
  • 5% cashback on eligible purchases (capped at $50 per month for the first 90 days from card approval)
  • Take advantage of the 0% p.a. for 15 months.
  • $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

  • You cannot earn reward points for your spending.
  • At the end of the promotional balance transfer period, any remaining unpaid balances will revert to the standard cash advance rate, currently at 19.99% p.a.
  • A balance transfer fee of 1.5% applies.

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.

Benefits of being a Citi Simplicity Card

  • $0 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.
  • Balance transfer offer. You can consolidate your debt with this card's 0% p.a. for 15 months balance transfer offer with a one-time 1.5% balance transfer fee. After the promotional period, any remaining balances will be charged interest at the cash advance rate. Offer ends on 31 January 2018.
  • $50 cashback offer. Apply before 31 January 2018 and receive 5% cashback on all eligible purchases, (capped at $50 per month) in 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 on 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

  • 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 on purchases. 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 Citi 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 fee. You won’t have to worry about paying a fee if you're unable to settle your bill by its due date.
  • 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. Citi'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, Citi 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 Citi 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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162 Responses

  1. Default Gravatar
    JohnNovember 13, 2017

    Hi, can you have two card holders on the same account example as husband and wife?

    • Default Gravatar
      JonathanNovember 13, 2017

      Hi John,

      Thank you for your inquiry.

      Please be advised that credit card accounts are established based on any one person’s income and financial details. Usually, due to the nature of risk and lending, it will not be possible to open a joint credit card. There are only selected card issuers that may allow you to do so.

      Should you wish to pursue applying for this card, your alternative is to add supplementary cardholder(s) once approved.

      Hope this helps.

      Cheers,
      Jonathan

  2. Default Gravatar
    NickOctober 23, 2017

    First time to use a credit card. What facilities are available to pay what’s owing on the credit card. Can I do a direct transfer from my savings account

    • Staff
      AnndyOctober 23, 2017Staff

      Hi Nick,

      Thanks for your question.

      There are different ways on how you can pay your credit card bill on time:

      Internet banking – you can link your credit card, transaction account or savings account using Internet banking.

      Autopay – most banks also allow you to download and complete an autopayments form to debit funds from a nominated transaction account.

      BPAY – After logging into your Internet banking account, look for the “Make BPAY payment” section. Enter your credit card number, the BPAY biller code and how much you want to pay.

      At a branch – Make a cash or cheque payment in person at a branch.

      By post. You can send a cheque in the mail to the address listed on your credit card statement. This is a lengthy process and there’s a chance you’ll incur late payment fees if your cheque doesn’t clear in time.

      I hope this helps.

      Cheers,
      Anndy

  3. Default Gravatar
    AlanSeptember 4, 2017

    Will I get $50 cashback (the maximum) if I make a purchase of $700? Or is the cashback only for purchases that are less than $500?
    Thanks.

    • Default Gravatar
      JonathanSeptember 4, 2017

      Hello Alan,

      Thank you for your question.

      As per Terms on the Citi website, it says that:

      1. The 10% cash back will be earned on all eligible purchases, made in Australia and internationally, up to $500 spend each month for the first 4 months from account approval (promotional period).

      Hope this helps.

      Cheers,
      Jonathan

    • Default Gravatar
      ClaireSeptember 5, 2017

      So is that a yes or no to the question?
      He asked if a spend over $500 gets cashback.

      My question. Are rates and rego eligible for cashback? The wording in the terms and conditions are different to your new rewards cards terms.

    • Staff
      MaySeptember 5, 2017Staff

      Hi Claire,

      Thank you for your inquiry.

      The answer to Alan’s question above is “yes” as stated in the T&Cs, the 10% cash back will be earned on all eligible purchases up to $500. Since he’s spending reached $700, he can only earn $50 cash back from that. Although the $50 is the maximum cash back per month up to a total of $200 over the 4 month promotional period.

      As for your second question, although I’m not sure what you meant by “rates and rego”, the eligible purchase is defined by Citibank as:

      “Any Retail Purchase which is made by the use of a Card or any other means permitted by Citi, excluding (but not limited to) transactions by way of Cash Advances, Balance Transfers, Special Promotions, fees, BPAY payments, purchases of foreign currency and travellers cheques, foreign exchange and ATM/ Bank charges, interest charges, finance charges, government charges, payments to the Australian Taxation Office, insurance charges, payments to Citi loan accounts (mortgage etc.), purchases in excess of limits on the Account, transactions made in operating a business and if the Account is more than $10,000 in credit only, all other transactions.”

      Hope this helps.

      Cheers,
      May

  4. Default Gravatar
    varunAugust 21, 2017

    hi , the 10% cash back on eligible purchases. what does it mean, please advise me where i can use this card for the eligible purchases to get 10 percent back

    • Staff
      HaroldAugust 21, 2017Staff

      Hi Varun,

      Thank you for your inquiry.

      The 10% cash back will be earned on all eligible purchases, made in Australia and internationally, up to $500 spend each month for the first 4 months from account approval (promotional period). Maximum cash back that can be awarded is $50 per month up to a total of $200 over the 4 month promotional period.

      I hope this information has helped.

      Cheers,
      Harold

  5. Default Gravatar
    PaulAugust 6, 2017

    Hi, Is there an extra fee for paying the balance at the Post Office ?

    • Staff
      AnndyAugust 6, 2017Staff

      Hi Paul,

      Thanks for your question.

      There is $2.50 fee per payment made at Australia Post outlets by cash, cheque or EFTPOS.

      Cheers,
      Anndy

  6. Default Gravatar
    ChristineMay 2, 2017

    What is the method of payment I can use to pay my monthly debt with no charges

    • Staff
      AnndyMay 3, 2017Staff

      Hi Christine,

      Thanks for your question.

      There are different ways on how you can repay your monthly credit card debt:

      1. Funds Transfer
      You can make a funds transfer from a linked Citi account through online or phone banking.
      If you have an account from another bank, you may also elect to make BPAY Payment from your nominated account to your Citi account. Simply enter the following information:
      Citi Biller Code is 49502
      Your 16-digit Citi Credit Card number

      2. By mailing a cheque
      You can send your repayment by enclosing your completed Remittance Advice provided with your monthly statement and mail with your cheque to
      Citibank
      GPO Box 5427
      Sydney NSW 2001
      You should make your cheque payable to your Citi account number and specify your account type

      3. Other options which include Australia Post and BPAY.

      As long as you pay your balance on time, you won’t incur unnecessary charges.

      If you want further clarification on your repayment options, you may want to contact Citi directly.

      Cheers,
      Anndy

  7. Default Gravatar
    TraceyApril 12, 2017

    Can we have 2 cards linked with this visa please?

    • Staff
      HaroldApril 12, 2017Staff

      Hi Tracey,

      Thank you for your inquiry.

      Unfortunately, that is not possible but you can always double check if you can request for an extra card. In line with this, you may want to consider this options.

      I hope this information has helped.

      Cheers,
      Harold

  8. Default Gravatar
    FrankOctober 21, 2016

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

    • Staff
      JasonOctober 21, 2016Staff

      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

  9. Default Gravatar
    PeterJune 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
      MayJune 21, 2016Staff

      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

  10. Default Gravatar
    ThomasMay 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
      JonathanMay 13, 2016Staff

      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
      JonathanMay 13, 2016Staff

      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

Credit Cards Comparison

Rates last updated November 22nd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
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12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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