Citi Clear Platinum – Review and Application

Information verified correct on December 10th, 2016
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Citi Clear Platinum cardholders can enjoy a 0% p.a. offer on balance transfers and purchases for 9 months and other platinum features.

Citi Clear Platinum Card provides platinum features like Visa Concierge services, complimentary purchase cover insurance and transit accident insurance at an annual fee of $99. Further benefits include a low purchase interest cost of 0% for the first 9 months, reverting to 14.99% p.a. after that.

Customers can use the balance transfer feature to consolidate their debt and reduce their interest burden with the help of low interest rate of 0% p.a. for 9 months and a high credit limit of $100,000. The features and benefits on this card are quite attractive when considering the minimal cost associated with the card.

Product NameCiti Clear Platinum 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 (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)0% p.a. for 9 months (reverts to 14.99% p.a.)
Annual fee$99 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.)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 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$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
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$99 p.a.
Minimum Repayment2% or $30 (whichever is greater)
Late Payment Fee$10
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

  • A platinum credit card which offers 0% p.a. on balance transfers and purchases for the first 9 months.
  • Access to Platinum Visa benefits including the Visa Concierge Service, and access to Citibank World Privileges for a low annual fee of just $99.

Cons

  • After the balance transfer period finishes, you will be charged the cash advance rate on the remaining outstanding balance, which is 21.74% p.a.

Citi Clear Platinum review

This card provides cardholders with premium features while keeping the annual cost and purchase interest rate at a bare minimum. Customers who prefer the costs of a basic card will find best of both worlds in terms of benefits and affordability of this card. Within the offer period, new customers can use the balance transfer feature to eliminate their interest burden at 0% p.a. for 9 months. Unlike many other platinum cards, this card doesn’t come with a rewards program or complimentary travel insurance, which could be a downfall for frequent travellers.

Benefits of the Citi Clear Platinum Card

Citi Clear Platinum Card has a nice collection of benefits from balance transfer, low rates to platinum benefits. Some of the main benefits of this card are:

  • Balance transfer. New customers can benefit from the 0% p.a. interest rate for 9 months to consolidate their debt and eliminate their interest burden. This offer is available for new applicants and allows a balance transfer of up to 80% of the credit limit.
  • Low purchase rates. The purchase rate for the first 9 months is 0% reverting to 14.99% p.a., reducing interest burdens to a minimum.
  • Eligible for Samsung Pay. Citi Clear Platinum now allows you to use your qualifying Samsung device to make contactless payments. Learn more here.
  • Complimentary insurance. Cardholders can enjoy peace of mind when covered by complimentary insurances including transit accident insurance, purchase cover insurance, extended warranty insurance and guaranteed pricing scheme.
  • Platinum benefits. Platinum benefits include 24-hour concierge service, Citibank Dining Program, Citi World privileges, Visa Platinum privileges and more.

Features of Citi Clear Platinum Credit Card

Some of the Citi Clear Platinum Credit Card competitive features include:

  • Annual fee. This card attracts an annual fee of $99.
  • PayWave. This contactless technology allows cardholders to complete purchases up to $100 by tapping their card at a PayWave terminal without the hassle of a PIN or signature.
  • Citibank benefits. Citibank customers can enjoy exclusive benefits such as discounts of up to 25% while shopping and dining at participating outlets.
  • Additional cards. Customers can get 4 additional cards at no extra cost.
  • Interest-free period. If you pay your balance in full, you can take advantage of up to 55 interest-free days are provided on this card.
  • Higher credit limit. Much higher than your general no-frills card, customers can get credit limit up to $100,000 depending on their individual application.
  • Dining benefits. Dining benefits include additional discounts, free award winning wines and more at Citibank partner restaurants.

How to apply for the Citi Clear Platinum Credit Card

If you’re eligible and feel the Citi Platinum Visa is the right card for you, you can find out more and apply by completing the secure online application form and by filling out your details. A new application should take between 10 to 15 minutes to complete.

Eligibility criteria

  • Be over 18 years of age
  • Have a good credit rating
  • Be a permanent Australian resident
  • Earn a minimum taxable annual income of $35,000
  • You will need to provide an email address to start the application

Required documents

  • Personal details, including your driver's license number
  • Contact details, including address, phone numbers and email address
  • Employment details, including time spent at your current job and your employer’s contact details and address
  • Details of your income and expenditure, including recurring expenses such as rent, and school fees
  • Details regarding any existing credit cards you own
  • The credit limit you wish to apply for

Citi Clear Platinum Card could be a valuable way to try platinum features while enjoying minimum costs for a promotional period. As this is not the only platinum card on the market though, cardholders will need to compare their options to confirm which card is best for them.

Frequently asked questions

I have $15,000 on Citibank Emirates Credit Card. How can I transfer balance to this lower fee card to lower my payments?

You cannot transfer balance from one Citibank card to another. In this situation you should look at other balance transfer cards which can provide a good deal and also allow you to transfer the balance on their card.

How can I earn frequent flyer points along with this card?

This card is built as a low cost card and does not offer any reward points. Customers looking for reward points along with these features can compare Citibank Platinum Rewards Credit Card.

Can I complete a balance transfer from any card?

Banks do not allow balance transfer from cards where they already have a relationship. Citibank won’t allow balance transfer from IMB, Suncorp, CUA, Bank of Queensland or Virgin.

What are the charges if I use this card overseas?

This card provides some low fee options like zero fees on emergency card replacement and ATM balance check at overseas location. However other options are charged including: $5 overseas cash advance fee,  ATM withdrawal fee and 3.4% foreign currency conversion fee.

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77 Responses to Citi Clear Platinum – Review and Application

  1. Default Gravatar
    Buddhika | February 11, 2016

    0% balance transfer for 9 months offer :

    Do I need to transfer the intended balance at the application stage or is it possible to transfer debt during the 9 months window as required to get 0% benefit?

    regards

    • Staff
      Jonathan | February 12, 2016

      Hi Buddhika, thanks for your question!

      The 0% p.a. promotional balance transfer rate applies for the first 9 months on balances from card approval and must be requested at point of application.

      Cheers,

      Jonathan

  2. Default Gravatar
    Phil | June 3, 2015

    Can you offer any frequent flyer points with this offer?

    Thank you

    • Staff
      sally.mcmullen@hiveempire.com | June 4, 2015

      Hi Phil,

      Thank you for your question.

      Just to confirm, you have come through to finder.com.au, not Citibank.

      However, we can confirm that you can only earn frequent flyer points through the Citibank Rewards Credit Card, not the Citibank Clear Platinum card. Citibank Rewards cards offer you the choice of earning Qantas Frequent Flyer points on your signature or Citi Prestige credit card by joining Citibank Qantas Rewards.

      You can compare the Citibank Platinum Rewards Credit Card here.

      I hope this has answered your question.

      Thanks,

      Sally

  3. Default Gravatar
    | May 17, 2015

    Is there a reward programme involved. Thanks mate

    • Staff
      Jonathan | May 18, 2015

      Hi Jay, thanks for your inquiry!

      Even though there is no specific rewards points earnings program associated with this credit card, other reward benefits include Citibank Dining Program, Personal 24 Hour Concierge Services, Citi World Privileges and VISA Platinum Privileges. You may like to refer to the following link for comparing other Rewards credit cards.

      Cheers,

      Jonathan

  4. Default Gravatar
    Nathan | February 28, 2015

    The 0% interest for first 9 months apply for cash advances or just card purchases?

    • Staff
      Jonathan | March 2, 2015

      Hi Nathan, thanks for your inquiry!

      The promotional rate of 0% for 9 months is only for balance transfers and purchases. Cash advances are charged at 21.74% p.a.

      Cheers,

      Jonathan

  5. Default Gravatar
    terrie | September 25, 2014

    hello
    are regular payments, health insurance,life insurance etc , classed as purchases or cash advances.
    thank you
    terrie

    • Staff
      Shirley | September 26, 2014

      Hi Terrie,

      Thanks for your question.

      Generally they will be processed as purchases, unless you’ve paid for them over the counter at banks, another financial institution, or a post office.

      It’s also considered as a cash advance if you’ve used internet banking to transfer available credit from your credit card account to another account.

      Cheers,
      Shirley

  6. Default Gravatar
    liana | September 3, 2014

    Hi there, can I use this card overseas? thanks

    • Staff
      Shirley | September 5, 2014

      Hi Liana,

      Thanks for your question.

      Yes you can use this card overseas. However, please note that transactions in a foreign currency will incur a currency conversion fee.

      Cheers,
      Shirley

  7. Default Gravatar
    EC | July 1, 2014

    I’m trying to consolidate my current debt, I have applied on line for your interest free period low rate card but haven’t received a conditional approval and your bank want me to supply multiple docs without a conditional approval. I don’t want to waste my time sending in multiple docs without a conditional approval

    • Staff
      Shirley | July 2, 2014

      Hi EC,

      Thanks for your question.

      This decision is ultimately up to you; if you feel as though its a waste of time then you’re not forced to submit documentation. However, there is always the chance that your application my be approved if you meet their criteria.

      May be a good idea to speak to Citibank first to enquire about your eligibility.

      Cheers,
      Shirley

  8. Default Gravatar
    Anya | June 10, 2014

    I’m interested to know if I can transfer a balance onto an Australian credit card from an American credit card?

    Thank you!

    • Staff
      Shirley | June 11, 2014

      Hi Anya,

      Thanks for your question.

      Unfortunately the balance must come from an Australian credit card or store card.

      Please see this page for more information.

      Cheers,
      Shirley

  9. Default Gravatar
    terry | April 30, 2014

    I do not have the facilities to apply online . which bank can do an application in house for a Citibank card

    • Staff
      Shirley | May 1, 2014

      Hi Terry,

      Thanks for your question.

      Yes, you can most definitely in a Citibank branch, or over the phone.

      Cheers,
      Shirley

  10. Default Gravatar
    stephen | February 27, 2014

    I’m trying to send payslips to you but the email address is not working.

    • Staff
      Jacob | February 27, 2014

      Hi, Stephen.

      Try newca1@citi.com – it’s probably best if you give them a call to double check the email address.

      Thanks for your question.

Credit Cards Comparison

Rates last updated December 10th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
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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