Citibank Plus Transaction Account Versus the 28 Degrees

Don’t waste time. Know the facts so you can make a decision between the Citibank Plus transaction account and the 28 Degrees credit card.

The Citibank Plus and 28 Degrees MasterCard are both highly sought products of travelling, so it pays to know what the key differences between the cards are.

Citibank Plus

  • Is a transaction account with a linked debit MasterCard.
  • No access to extra funds if you’ve used all your money in your account.
  • If card is lost or stolen, you may be able to access your money at a Citibank branch.
  • Exchange rates are updated daily on the MasterCard website.
  • No credit check involved.

28 Degrees MasterCard

  • Is a credit card, so interest is payable.
  • Worldwide emergency card replacement.
  • Has complimentary travel insurance and shopper’s protection.
  • Exchange rates are settled on a daily basis on the MasterCard website.
  • Credit check involved and you’ll need to have an income to service a minimum credit limit of $6,000.

How do I compare the Citibank Plus and 28 Degrees Card?

Citibank Plus28 Degrees
Annual fee$0$0 p.a.
Minimum credit limitN/A$6,000
International transaction fees on purchases0%N/A
Currency conversion feesN/A0%
Interest rate on purchasesN/A21.99% p.a.
Interest rate on cash advancesN/A21.99% p.a.
Overseas cash advance feeNil (if you withdraw from a Citibank branded ATM)3% of the cash advance or $4 (whichever is greater)
Card typeMasterCardMasterCard
Exchange rate*0.79080.7728

*Exchange rates are correct as of 30th January 2015, AUD to USD.

Rates last updated March 28th, 2017
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Citibank Plus Everyday Account
Free international money transfers and free overseas Citibank ATM withdrawals.
0.00% 0.00% 0.00% $0 $0 / $0 More
What is the difference between an international transaction fee and currency conversion fee?

They both refer to the same fee but tend to have different names depending on the product. When talking about debit cards, the term is usually 'international transaction fee'. When talking about credit cards, the term 'currency conversion fee' is used.

The fees are charged when a transaction requires one currency to be exchange into another and generally only one is charged. I.e. either an international fee or currency conversion fee.

Any other notable features?

Citibank Plus

  • Free bottle of wine at eligible restaurants.
  • Free international withdrawals from Citibank ATMs.

28 Degrees

  • Complimentary worldwide concierge.
  • Interest free days on purchases.

Why not take both?

  • You can use the Citibank Plus for your everyday purchases and you don’t need to worry about interest charges.
  • You can use the 28 Degrees for emergencies, hotel bookings and authorisations.

Frequently asked questions

Does the Citibank account close down if you don’t use it for a period of time?

No it doesn’t though the account goes into a dormant state if you haven’t used it for 12 months. It will close when you call Citibank directly and request to close it. At the time of writing there are no inactivity fees applicable to the account.

Can I preload currencies into the Citibank Plus account?

No, the Citibank Plus only holds AUD so you can't preload other currencies into the account.

Am I still charged a cash advance fee if put credit into my 28 Degrees Card?

Yes, if your account is in credit and you perform a cash advance you will still be charged the fee.

Shirley Liu

Shirley is's publisher for banking and investments. She has completed a Masters in Commerce (Finance) and is the author of hundreds of articles. She is passionate about helping Aussies make an informed decision, save money and find the best deal for their needs.

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2 Responses to Citibank Plus Transaction Account Versus the 28 Degrees

  1. Default Gravatar
    Chris | March 26, 2016

    Regarding overseas cash advance fee for Citibank Plus:
    If you withdraw from a non-citibank ATM, is the fee typically a fixed amount or a percentage? I acknowledge that this may vary depending on machine.
    Thank you.

    • Default Gravatar
      Harry | March 29, 2016

      Hi Chris,

      Thanks for your question.

      If you withdraw from a non-citibank ATM, the fee can either be a fixed amount or a percentage. This depends on the country you are in and the ATM operator.

      I hope this helps,

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