Citi Rewards Credit Card – Platinum Card

Citi Rewards Platinum Credit Card Find out more Go to site

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Take advantage of 0% p.a. on balance transfers for 24 months, a reduced annual fee of $49 in the first year and complimentary insurances with the Citi Rewards Platinum Credit Card.

The Citi Rewards Platinum Credit Card offers a range of premium features, including rewards, complimentary extras and introductory offers for new customers. Apply for this card before 30 September 2017 and you can get an introductory 0% p.a. interest rate on balance transfers for the first 24 months.

In addition to this competitive balance transfer offer, this card gives you access to perks including up to 6 months complimentary international travel insurance, a personal concierge service and access to the Citi Dining Program. It has a reduced annual fee of $49 in the first year ($149 p.a. thereafter).

Product NameCiti Rewards Platinum Credit Card
Rewards ProgramCiti Rewards Program
Balance transfer rate (p.a.)0% p.a. for 24 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 date30 September 2017
Annual fee$49 p.a. annual fee for the first year ($149 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.
$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 InsuranceYes
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$49 p.a. annual fee for the first year ($149 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$90 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
MailYes

Pros

  • Enjoy a reduced annual fee of $49 in the first year, which reverts back to the standard $149 p.a. thereafter.
  • Benefit from a balance transfer offer of 0% p.a. for 24 months.
  • This card comes with a personal budgeting tool that allows you to keep track of purchases and plan your spending.
  • You can stay protected with a complimentary travel insurance.

Cons

  • Even for a platinum credit card, an annual fee of $149 is fairly high.
  • The balance transfer offer comes with a 1.5% fee.
  • Additional cardholders come at a cost of $90 each.
  • 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) Cap10,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Citi Rewards Platinum Credit Card review

The Citi Rewards Platinum is a premium product that offers value through both introductory offers and ongoing features. This card earns 1 point per $1 spent on eligible domestic spend (up to $10,000 per statement period) and 1 point per $1 on eligible international spend (uncapped). These points can then be redeemed for a wide range of rewards through the Citi Rewards Program, including travel, merchandise, cashback and frequent flyer points.

In addition to earning points, this card offers complimentary international travel insurance and purchase protection insurance, a personal concierge service and exclusive entertainment and shopping offers. It also offers a reduced annual fee of $49 in the first year ($149 p.a. thereafter).

Benefits of the Citi Rewards Platinum Credit Card

  • 0% p.a. for 24 months balance transfer offer. Apply for the Citi Rewards Platinum Credit Card before 30 September 2017 to get 0% p.a. for 24 months on balances transferred. You must elect to transfer a balance at the time you apply for the credit card to be eligible for this offer. Do take note that a 1.5% balance transfer fee applies. At the end of the 24-month introductory period, any unpaid balance from the balance transfer promotional period will be charged at the cash advance rate of interest, currently 21.74% p.a.
  • Transfer personal loan debt. Citi is one of the few providers that allow you to transfer the balance of a personal loan to a credit card. Line of credit accounts can also be included in a balance transfer to the Citi Rewards Platinum Credit Card.
  • Earn Citi Reward Points. This card offers 1 Citi Reward Point per dollar spent for eligible domestic and international spend. There is a domestic spend points cap of $10,000 per statement period, but no cap for eligible international spend. Note that a currency conversion fee applies to all transactions made overseas or with an international retailer online.
  • Select & Credit. You can choose to redeem your points for eligible purchases and get a statement credit back on your account, or choose to convert them to cashback.
  • Eligible for Samsung Pay. With the Samsung Pay smartphone app, you can now easily make payments by simply tapping your phone at the contactless terminal.
  • Complimentary travel insurance. Purchase your overseas travel tickets with this card and you and your family can be covered for medical expenses, trip cancellation due to unexpected circumstances, loss or theft of personal items and more.
  • Other complimentary insurances. This card also gives you access to purchase protection insurance that protects you against loss, theft or damage to a covered item purchased with the card. You'll also get an extended warranty cover for eligible items and a guaranteed pricing scheme that refunds the difference in price if you use the Citi Rewards Platinum Credit Card to purchase an eligible item and you see it on sale for less somewhere else.

Features of the Citi Rewards Platinum Credit Card

Here are the features you should consider when looking at the Citi Rewards Platinum Credit Card.

  • Balance transfer limit. Citi allows you to transfer up to 80% of your credit limit. For example, if you apply for the Citi Rewards Platinum Credit Card, and you’re approved for a credit limit of $10,000, you can transfer up to $8,000 from other cards and accounts.
  • Annual fee. The Citi Rewards Platinum Credit Card charges a reduced annual fee of $49 for the first year ($149 p.a. thereafter).
  • Purchase rate. This card has a standard variable purchase rate of 20.99% p.a.
  • Interest-free days. If you pay your balance in full by the due date on each statement, you can get up to 55 days interest-free on purchases. You will not get interest-free days while you carry debt from a balance transfer.
  • Cash advance rate. This card has a standard variable cash advance rate of 21.74% p.a. Note that this rate will also apply to any balance transfer amount that remains at the end of the balance transfer introductory period.
  • Additional cardholders. You can add up to 4 additional cardholders to the account for a $90 annual fee per additional card.
  • Fraud protection. Citi utilises Fraudshield technology to monitor your account for any suspicious activity. Citi and Visa also offer zero liability for fraudulent transactions.
  • Visa benefits. Access to Visa benefits like Visa Frontline Access, which gives you cheap seats to the hottest tickets in town. This account is also Visa PayWave enabled.

How to apply for the Citi Rewards Platinum Credit Card

If you would like to apply for the Citi Rewards Platinum Credit Card, you can do so using the "Go to Site" button on this page. The application should only take 10 – 15 minutes to complete and Citi will contact you to verify the status of your application within moments of submitting the online form. Please refer to the following eligibility criteria before you apply:

Eligibility criteria

  • You must be 18 years of age or older.
  • You must have a good credit rating.
  • You must earn more than $35,000 p.a.
  • You must be a citizen or permanent resident of Australia.

Required documents

If you meet the criteria for this card, you can start the application process. Make sure you have the following details and documents handy:

  • Personal information. You have to provide your contact details, residential address, email address and driver's licence number.
  • Employment information. You'll need to provide proof of employment such as payslips. You'll also be required to submit your employer’s details, or your accountant’s details if you're self-employed.
  • Financial information. You have to provide proof of assets and liabilities. As well as your primary income, this could include income from any investments or shares, as well as savings accounts. You'll also need to provide details of any existing debts and loans such as mortgages, plus regular expenses such as rent, groceries and household bills.

The Citi Rewards Platinum Credit Card is a premium product that provides a competitive points earn rate on purchases and includes a long 0% p.a. balance transfer offer. However, the standard annual fee of $149 is higher than some other platinum cards, so make sure you compare a range of products to help you find an option that suits your needs.

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308 Responses

  1. Default Gravatar
    TomSeptember 18, 2017

    My ANZ loan does not have a Biller Code & Reference Number, therefore I cant complete the BT that Citi is requesting. Does this offer also include 0%p.a. for 24 months for BT’s for personal loans too, where the funds will be transferred directly into the account through bank account number?

    • Staff
      RenchSeptember 19, 2017Staff

      Hi Tom,

      Thanks for your inquiry. Please note that we are not affiliated with Citi or any company we feature on our site and so we can only offer you general advice.

      Yes, Citi’s 0% p.a. for 24 months balance transfer offer is also applicable for personal loan transfers. Citi is one of the few providers that allow you to transfer the balance of a personal loan to a credit card. Line of credit accounts can also be included in a balance transfer to the Citi Rewards Platinum Credit Card.

      Hope this information helped.

      Cheers,
      Rench

  2. Default Gravatar
    johnJuly 25, 2017

    can i transfer a virgin australia credit card balance to a citibank credit card balance transfer?

    • Staff
      JonathanJuly 25, 2017Staff

      Hi John,

      Thank you for your inquiry today. :)

      Please be informed that the card issuer of Virgin is Citigroup PTY LTD. Hence, they are unable to be transferred to another Citicard. You may consider other options for transfer on this page.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    sharonJuly 12, 2017

    Regarding the Citibank Balance Transfer Card, can you please advise if I would be eligible if I already have a VISA debit card?

    • Staff
      RenchJuly 13, 2017Staff

      Hi Sharon,

      Thanks for reaching out to us. Please note that we are not affiliated with Citibank or any company we feature on our site and so we can only offer you general advice.

      Please check the eligibility criteria on the page to get info on what you will need to apply for Citi Rewards Credit Card – Platinum Card. You may click on the green ‘Go to Site’ button above the page to submit an online application with them. You may also contact Citibank directly to inquire about your eligibility.

      Hope this helps.

      Cheers,
      Rench

  4. Default Gravatar
    AnishJuly 5, 2017

    I got a personal loan of $15,000. If I transfer this balance unto your card, will I be paying any interest on this $15,000 in the first 2 years as you have currently got an offer of 0% interest balance transfers?

    In the above scenario, what would be my total cost or out of my pocket expenses apart from the annual fees for the two years and 1.5% on balance transfer fees?

    • Staff
      JonathanJuly 6, 2017Staff

      Hi Anish!

      Thanks for the comment! :)

      Yes, this should be qualified for the balance transfer 0% interest free for 24 months. Provided you would not use the card and able to pay off the balance transfer on-time within stipulated term, no other fees apart from what you already indicated above.

      Hope this helps.

      Cheers,
      Jonathan

  5. Default Gravatar
    WHTJune 21, 2017

    HOW YOU WILL CALCULATE REPYAMENT AFTER BALANCE TRANSFER I.E LET’S SAY IF I WILL TRANSFER 30,000 TO MY EXISTING CARD. WHAT WILL BE MY REPAYMENTS?

    -WHT

    • Staff
      JonathanJune 21, 2017Staff

      Hi WHT!

      Thanks for your inquiry.

      Your repayments will be calculated depending on the balance to be transferred, prevailing rates for the balance transfer, fees and the duration.

      You can consult your bank to determine the exact figures to expect.

      Hope this helps.

      Cheers,
      Jonathan

  6. Default Gravatar
    June 19, 2017

    Hello,

    I have two questions. Can my husband and I apply for the citibank 0% credit card for balance transfer together, to increase our chances of approval with the added income?
    And second, can we transfer a loan we have only recently been approved for and received, or is there a standard time limit before applying again? Loan is through Commbank.

    Thank you,
    Rebecca

    • Staff
      JonathanJune 20, 2017Staff

      Hi Rebecca!

      Thanks for the comment.

      Usually, a card application only has one primary applicant and the gross annual income is based on his/her income alone.

      As for the balance transfer for a loan going to a credit card, we have a full guide on this page. Please take note that some lenders may have pre-termination clauses attached to their loans so it is recommended to ask Commbank first if this is possible without incurring additional fees.

      Hope this helps.

      Cheers,
      Jonathan

  7. Default Gravatar
    FMay 31, 2017

    I already have a Citibank platinum rewards card. Is the 0% transfer offer open to new cardholders only?

    • Staff
      JhezelynJune 1, 2017Staff

      Hi F W,

      Thanks for getting in touch with finder.com.au.

      This is the introductory 0% p.a. on balance transfers for the first 24 months which is offered by Citi Rewards Platinum Credit Card and can be availed only if you apply for the said card before the 30th of June, 2017.

      Hope this helps.

      Regards,
      Jhezelyn

  8. Default Gravatar
    BabyMay 26, 2017

    Hi, I would like to know, will you give us bank check for balance transfer amount ? One of my friend got it via bank check.
    Kind regards
    Baby

    • Staff
      AnndyMay 28, 2017Staff

      Hi Baby,

      Thanks for your question.

      Yes, Citibank allows for cheque-to-self. Instead of transferring a balance to your new card, you can elect to receive a “cheque to self”. The money is made available to you and is available to be used for anything you need.

      Cheers,
      Anndy

  9. Default Gravatar
    ChrisMay 3, 2017

    I have a Anz platinum card with Qantas frequent flyer points, will they be transferred over ?

  10. Default Gravatar
    RobMarch 14, 2017

    I am considering a balance transfer. You have a 1.5% fee. Will this also be at 0% interest?

    • Staff
      MayMarch 14, 2017Staff

      Hi Rob,

      Thank you for your inquiry.

      The balance transfer fee of 1.5% is a one-time payment. The amount is 1.5% of the total balance you transfer to the Citi Rewards Credit Card – Platinum Card.

      Cheers,
      May

Credit Cards Comparison

Rates last updated September 23rd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$55 p.a.
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

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* 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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