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Citi Rewards Classic Credit Card – Rates and Fees

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Repay your debt and earn rewards points for your spending with the Citi Rewards Classic Credit Card.

This Citi Rewards Classic Credit Card offers a competitive range of features and benefits to cardholders. Some of the features available include interest-free purchases, 5% cash back, a reduced annual fee in the first year and a balance transfer rate of 0% p.a. for 15 months with a 1.5% balance transfer fee.

You also get to enjoy the complimentary Citi rewards program with cashback rewards as well as vouchers, merchandise and gift certificate rewards. Also available is the Citi World Privileges program which can be accessed from about 26,000 merchants worldwide.

The credit card offers interest rates of 20.99% p.a. on purchases and a cash advance rate of 21.74% p.a. You can add up to 4 additional cardholders to your account for an annual fee of $15.

Product NameCiti Rewards Classic Credit Card
Rewards ProgramCiti Rewards Program
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 (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.99% p.a.
Offer end date31 July 2017
Annual fee$49 p.a. annual fee for the first year ($99 p.a. thereafter)
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.
$2,000
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$25,000
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$25,000
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.
$2,000
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$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Minimum Repayment2% or $30 (whichever is greater)
Late Payment Fee$10
Over Limit Fee$0
Cash Advance Fee3.5% of transaction amount or $3.50
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$15 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
MailYes

Pros

  • Enjoy 0% p.a. for 15 months on balance transfers, with 1.5% balance transfer fee.
  • Receive up to $50 cash back on eligible spend.
  • Pay a discounted annual fee of $49 in the first year.
  • Get an access to the Citi Rewards Program with benefits like a free bottle of wine when you dine at a participating Citibank Dining restaurant.
  • This card comes with complimentary purchase cover insurance. When you make a purchase, you will be covered for three months against damage, theft or loss.
  • There is the option for up to 4 additional cardholders linked to one account.

Cons

  • This card has a purchase rate of interest that is just below the cash advance rate of interest. Most credit cards in the market give you a concessional rate on purchases.
  • 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
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap5,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Citi Rewards Classic Credit Card review

The Citi Rewards Credit Card is associated with a number of fees, including an annual fee of $99 and an additional cardholder fee of $15. You can also expect interest rates of 20.99% p.a. for purchases and 21.74% p.a. for cash advances.

If you pay your balance in full each month, you can look forward to savings by way of up to 55 interest-free days on purchases. New cardholders can also transfer an existing credit card balance and pay 0% p.a. for a period of up to 15 months. The maximum balance transfer limit is up to 80% of your credit limit.

Benefits of Citi Rewards Classic Credit Card

  • 0% p.a. balance transfer offer. Receive 0% p.a. on balances transferred to this card for 15 months (with 1.5% balance transfer fee), allowing you to manage your credit card debt.
  • Up to $50 cash back. Enjoy up to 5% cash back on all retail purchases, up to $1,000 in your first 90 days from card approval (capped at $50).
  • Discounted annual fee in the first year. This card offers a discounted annual fee of $49 in the first year. A standard fee of $99 p.a. will be charged thereafter.
  • Complimentary rewards program. This Citi Rewards Classic Credit Card gives you access to a complimentary rewards program. You can earn 1 reward point per $1 spent on eligible domestic spend (up to $5,000 per statement period, making the annual cap of 60,000 points) and earn 1 reward point per $1 spent on all eligible international spend uncapped. Rewards points can be redeemed for cashback, vouchers, merchandise or vouchers. You can also benefit from the Citi Dining Program which rewards you with free wine when you dine using the program.
  • Rewards points. Earn 1 reward point per $1 spent on eligible transactions.
  • Eligible for Samsung Pay. You can now make easy payments when you shop by simply tapping your qualifying Samsung device on a contactless terminal. Learn more here.
  • Credit limit. The maximum credit limit with this credit card is $100,000.

Features of the Citi Rewards Classic Credit Card

  • Annual fee. This credit card attracts an annual fee of $99.
  • Balance transfer rate. When you transfer a balance to this card you will pay 0% p.a. interest for 15 months.
  • Cash advance rate. Cash advances attract an interest rate of 21.74% p.a.
  • Purchase rate. If you pay your monthly account balance in full you will receive up to 55 days interest-free on purchases. Otherwise a purchase interest rate of 20.99% p.a. will apply.
  • Access and management. There are a few ways that you can manage your credit card account, such as through Citi mobile banking, Citi online and CitiPhone banking. You can access your account at Citi ATMs and Visa terminals which are located worldwide. Use this card to make purchases over the counter, using payWave or EFTPOS. The bank with send you a monthly statement of your account and this can be done through the mail or as e-statements.
  • Security. The card is secured with Fraudshield which detects unusual activity on your account. If your card performs irregular or unusual transactions, you will be called immediately to verify if the transactions are legitimate or fraudulent.
  • Complimentary guaranteed pricing scheme. You have access to a complimentary pricing scheme which guarantees you the best price when you purchase items using your card. This guaranteed pricing scheme works by sending you a refund if an item you purchase later goes on sale. Citi will issue a refund of the price difference. Keep in mind there are certain conditions that apply with this scheme.
  • Additional cardholders. Get up to 4 additional cardholders for a fee of $15 p.a. per card.

How to apply for the Citi Rewards Classic Credit Card

You can apply for this Citi credit card by completing the secure online application. You need to provide the following information.

Eligibility criteria

      • You must be over 18 years old, have a good credit rating and be a permanent resident of Australia.
      • You will be required to provide both your personal and employer’s contact details along with information on your primary occupation and employment status. The income information required includes your gross income, expenses, etc.

Required documents

      • A copy of the back side of your driver’s licence, your Australian passport and proof of address
      • A recent tax assessment notice, PAYG payment summary, tax return, bank statements and others as requested during your application

With the Citi Rewards Classic Credit Card, you have an introductory balance transfer rate of 0% p.a. for the first 15 months. Compare the features offered by this credit card with others to get the best possible deal.

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78 Responses

  1. Default Gravatar
    WilliamJuly 20, 2016

    Hello

    Just wondering when the 70,000 points get paid out? Is it once $3000 is spent on the card or once you’ve repaid $3000 on the Citi rewards card?

    Having a hard time trying to find out in the terms and conditions.

    Cheers

    • Staff
      MayJuly 20, 2016Staff

      Hi William,

      Thanks for your inquiry,

      Just to confirm that you’ve come through to finder.com.au we are an Australian financial comparison website and general information service and we do not represent Citibank or any credit card company we feature on our site.

      As stated in the T&Cs, Citibank will award points for all eligible transactions debited to your account during the Statement Period. Your rewards balance will appear on your Account statement. For your reference, I’ve sent the Citibank rewards T&Cs to your email.

      Also, with Citi Rewards Card Classic, you will actually receive the maximum annual cap of 60,000 rewards points – this is through earning 1 point per $1 spent on eligible domestic purchases (up to $5,000 per statement period).

      The 70,000 points, meanwhile, is actually for the Citi Qantas Signature Credit Card – you will receive 70,000 bonus Qantas Points when you spend $3,000 or more within the first 90 days from card approval.

      I hope this has answered your question.

      Cheers,
      May

  2. Default Gravatar
    DennisJuly 6, 2016

    Your tables show the rewards earn rate per $ spend by card type but NOT the conversion rate in transferring accumulated points to airline programs. This is surely the burning issue with card rewards programs now and not including this detail is devaluing the usefulness of your site. Pls fix.

    • Staff
      AnndyJuly 21, 2016Staff

      Hi Dennis,

      Thanks for your comment.

      If you would like to transfer your credit card rewards points to a frequent flyer program, you can refer to this page for the conversion details.

      Cheers,
      Anndy

  3. Default Gravatar
    JasonJuly 5, 2016

    Hi there i am running a business http://secureacom.com.au and am in the market for a new business credit card, we need to have the GST breakdown for each transaction recorded in the statement does the Citi Rewards Classic Credit Card do this??

    • Staff
      ChesterJuly 12, 2016Staff

      Hello Jason,

      The answer is yes. Your Citi Rewards Classic Credit Card offers a complete breakdown of the charges made on your credit card. Once your billing cycle has been completed, a bank statement will be generated and sent to you via email (for paperless) or via your physical billing address provided.

      Hope this helps.

      Cheers!
      Chester

  4. Default Gravatar
    GraceMarch 6, 2016

    Is it possible to balance transfer from personal loan to Citibank
    classic credit card to take advantage of the 18months 0% interest?

    • Staff
      SharonMarch 7, 2016Staff

      Hi Grace,

      Thanks for your inquiry.

      Yes, you can apply for this card. Transferring balance from a personal loan to a credit card is accepted by Citi. You may also refer to the eligibility requirements before submitting your application for the card.

      For more information, you refer to this page

      Cheers,

      Sharon

    • Staff
      JonathanMarch 7, 2016Staff

      Hi Grace, thanks for your inquiry!

      You cant transfer personal loans to Citibank credit cards.

      Cheers,

      Jonathan

  5. Default Gravatar
    zoeNovember 24, 2015

    Is there a minimum time period for classic card account eg min 2 yrs?

    • Staff
      JonathanNovember 25, 2015Staff

      Hi Zoe, thanks for your inquiry!

      There is no minimum term to hold this credit card.

      Cheers,

      Jonathan

  6. Default Gravatar
    BrittneyNovember 4, 2015

    Can I apply for this and receive the promotional balance transfer rate if I already have a transaction account with Citibank, but not a credit card? Or is it only for people who have never conducted business with Citibank before?

    • Staff
      SharonNovember 5, 2015Staff

      Hi Brittney,

      Thanks for you inquiry.

      Yes you can apply for the Citi Rewards Classic credit card and take advantage to the promotional offers. As long as you meet the eligibility requirements and earn the minimum income requirement, then you should have no trouble applying for this card.

      Cheers,

      Sharon

  7. Default Gravatar
    AlexOctober 29, 2015

    What is the balance transfer fee? I can find the balance transfer rate of 0%, but would like to know what other fees are involved when I transfer the balance.

    Thank you

    • Staff
      DebbieOctober 29, 2015Staff

      Hi Alex,

      Thank you for your inquiry.
      For Citi Classic, there is no additional fee when you transfer your balances. Please note that after the promotional offer expires, it will revert to the standard cash advance rate.

      To compare other balance transfer credit cards, please check this page.
      I hope this helps.

      Cheers,
      Debbie

  8. Default Gravatar
    JaniceOctober 27, 2015

    I have Coles credit card and I would like to know if I can balance transfer this credit card to Citibank card

    • Staff
      DebbieOctober 27, 2015Staff

      Hi Janice,
      Thank you for your inquiry.
      Yes, you can transfer your balances from a Coles credit card to a Citibank credit card. As long as you meet the application criteria you will be eligible to apply for this card.

      If you like to compare other offers from Citibank, please refer to our comparison page.
      I hope this helps.

      Cheers,
      Debbie

  9. Default Gravatar
    DeanOctober 19, 2015

    Hello CCF,

    Just a quick question for you. We run a business https://mrtelco.com and wondering if this credit card will display the GST portion of each transaction on the actual statement?
    Cheers

    • Staff
      JonathanOctober 26, 2015Staff

      Hi Dean, thanks for your inquiry!

      Unfortunately Citi credit card statements do not display the GST portion of each transaction on the statement.

      Cheers,

      Jonathan

  10. Default Gravatar
    LilySeptember 8, 2015

    Hi there,
    Can you please let me know if I can transfer 100% of the balance of my credit card to a Citibank 0% interest card or if there is a limit of how much I can transfer?
    Thanks

    • Staff
      SallySeptember 8, 2015Staff

      Hi Lily,

      Thanks for you inquiry.

      The maximum balance that you can transfer should not exceed 80% of your approved credit limit. The maximum credit limit allowed for the Citi Rewards Classic card is $100,000. As a result, you would be allowed to balance transfer up to $80,000 if approved for the maximum credit limit.

      I hope this has helped.

      Cheers,

      Sally

    • Default Gravatar
      LilySeptember 8, 2015

      Thanks Sally, definitely helps. I thought the limit it was a percentage of what I own in my current credit card. Glad to know it is not.
      Many thanks
      Lily

Credit Cards Comparison

Rates last updated July 29th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
NAB Premium Card - Exclusive Offer
Exclusive to finder.com.au, enjoy a no BT fee, long-term balance transfer offer with platinum privileges, including travel insurance.
19.74% p.a. 0% p.a. for 24 months $90 p.a. Go to site More info
Qantas American Express Ultimate Card - Online Offer
Apply by 31 July 2017 to earn 100,000 bonus Qantas Points and get 2 American Express Airport Lounge entries each calendar year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
St.George Vertigo Platinum
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
12.74% p.a. 0% p.a. for 20 months $99 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Apply by 31 July 2017 to receive a long-term, no fee balance transfer and a $129 Virgin Australia Gift Voucher each year.
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

* 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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