Citi Rewards Credit Card – Platinum Card

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

The Citi Rewards Platinum Credit Card offers a range of premium features, including rewards that can also be converted to frequent flyer points, complimentary insurance covers and the ability to balance transfer personal loan debt. Apply for this card online 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 and access to the Citibank Dining Program. It has a reduced annual fee of $49 in the first year ($149 p.a. thereafter).

Product NameCiti Rewards Platinum Credit Card - Online Offer
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 date31 March 2019
Annual fee$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
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 upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
$100,000
Card TypeVisa
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
Minimum Income$35,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
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
Cash Advance Fee3.5% of transaction amount or $3.50
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$90
Number of Additional Cardholders4

Pros

  • Apply online by 31 March 2019 and take advantage of 0% interest rate on balance transfers for 24 months.
  • Save with a reduced annual fee of $49 for the first year.
  • Earn Citi Rewards Points that can be redeemed through Citi or converted to frequent flyer points, including Velocity.
  • Stay protected with a complimentary travel insurance.
  • This card comes with a personal budgeting tool that allows you to keep track of your purchases and plan your spending.

Cons

  • Even for a platinum credit card, a standard annual fee of $149 is quite high.
  • The balance transfer offer charges a one-time 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 cash advance rate.
Rewards ProgramCiti Rewards Program
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap10,000

Benefits of the Citi Rewards Platinum Credit Card

  • Long-term balance transfer offer. Apply for the Citi Rewards Platinum Credit Card online before 31 March 2019 to get a 0% p.a. interest rate 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.
  • First year annual fee discount. The Citi Rewards Platinum Credit Card charges a reduced annual fee of $49 for the first year ($149 p.a. thereafter).
  • 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. Points can be redeemed for a variety of merchandise or experiences, converted to frequent flyer miles with Emirates Skyward Miles, Velocity Frequent Flyer and Singapore Airlines KrisFlyer and more.
  • Pay with Points. 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.
  • 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.
  • Mobile payment technology. With the Samsung Pay and Apple Pay mobile apps, you can now easily make payments by simply tapping your phone at the contactless terminal.

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.
  • 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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322 Responses

  1. Default Gravatar
    LesaNovember 28, 2018

    I purchased tickets to go on a cruise next January on my platinum credit card. Are all my family members covered?Myself, My husband and My 2 children? The children are both 20 years old (twins) One child is a University student and the other child is an apprentice.
    Thank you,
    Lesa.

    • finder Customer Care
      JohnNovember 28, 2018Staff

      Hi Lesa,

      Thank you for leaving a question.

      As long as your children have not yet turned 22 prior to you travelling, they are covered for the complimentary travel insurance. A dependent child is defined as an unmarried child of a cardholder, up to and including the age of 21, who is primarily dependent on the cardholder for their maintenance and support and who travels with the cardholder for the entire journey or trip but does not include a child born on the journey or trip. Your spouse is also covered with this. Hope this helps!

      Cheers,
      Reggie

  2. Default Gravatar
    DavidNovember 21, 2018

    Is this card suitable for transferring my existing personal loan debt from another bank? Will I get a cheque from Citibank or give them the personal loan details if I am approved?
    Are there any other card you can transfer personal loan debts to?

    • finder Customer Care
      JohnNovember 28, 2018Staff

      Hi David,

      Thank you for leaving a question.

      Yes, the Citi Rewards Credit card could be used in transferring your personal loan debt from another bank. As to the method, you may need to ask this directly from Citi if it would be via a cheque or be a payment directly to your bank. Lastly, you may also check on this page for other providers that also provide this service. You may need to click on each of the providers to check if personal loans are accepted. Kindly review and compare your options on the table displaying the available providers.
      Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!

      Cheers,
      Reggie

  3. Default Gravatar
    EduardoOctober 25, 2018

    Is my Citi Rewards platinum mastercard acceptable in Christchurch, New Zealand?

    • finder Customer Care
      JohnOctober 25, 2018Staff

      Hi Eduardo,

      Thank you for leaving a question.

      Yes, you may be able to use your Citi Rewards platinum Mastercard in Christchurch, New Zealand. This card is allowed to be used with merchants that are accepting Mastercard or ATMs with a Mastercard logo. Hope this helps!

      Cheers,
      Reggie

  4. Default Gravatar
    venkateshSeptember 8, 2018

    Hi,

    Will I get interest free period (55 days) on retail purchases if I avail BT option on sign up? Also, can I get a self cheque in my name for the balance transfer amount instead of paying to a BSB (I have other loans outside Australia to clear)? If so, what is the process?

    Regards,
    Venkatesh

    • finder Customer Care
      JeniSeptember 9, 2018Staff

      Hi Venkatesh,

      Thank you for getting in touch with finder.

      You still have the interest free period of up to 55 days on purchases even if you have an outstanding BT balance on this card, as long as your BT balance is within its promotional period (0% p.a. for 26 months).

      With Citibank, a cheque-to-self is the cheque they send you when you request a nominated amount to be taken from your available credit line, usually at a promotional interest rate. It is best to contact them directly on that matter.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  5. Default Gravatar
    MalcolmMay 12, 2018

    I am planning an overseas holiday in June 2019. I have a quote for travel insurance, RACV. It is a lot more than I expected, so I wondered if the travel insurance offered on my CitiBank Platinum Visa card covers the equivalent contents. (If not, what is the difference).

    • finder Customer Care
      JeniMay 12, 2018Staff

      Hi Malcolm,

      Thank you for getting in touch with finder.

      As you are aware, if you purchase your overseas travel tickets with this Citi Rewards Platinum card and meet all the other complimentary travel insurance eligibility criteria, you and your family can be covered for medical expenses, trip cancellation due to unexpected circumstances, loss or theft of personal items and more.

      However, with a standalone travel insurance like from RACV, the cost may be vary (and could be high) depending on the type of cover you will get (Basic, Standard and Comprehensive). The level of cover from a standalone insurance will also differ from your credit card complimentary travel insurance. To view the difference, please check the PDS of the complimentary travel insurance attached to your Citibank Card and the RAVC insurance on this page.

      You may also want to know more or compare credit cards complimentary travel insurance and standalone cover on this page.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    • Default Gravatar
      MalcolmMay 12, 2018

      Does the Citi travel insurance have any additional costing?

    • finder Customer Care
      JeniMay 12, 2018Staff

      Hi Malcolm,

      If you are pertaining to this card’s complimentary travel insurance, the answer is NO.

      Please feel free to reach out to us if you have any other enquiries.

      Have a great day!

      Cheers,
      Jeni

  6. Default Gravatar
    GregoryNovember 6, 2017

    How do I redeem my points on my platinum credit card

    • Default Gravatar
      MariaNovember 7, 2017

      Hi Gregory,

      Thank you for your inquiry.

      Based on your comment, you may be referring to how you can redeem your points or what you can redeem them for. Points are redeemable at the Citi website or by telephone and they are good for cashback, vouchers, merchandise, and frequent flyer miles.

      For more information, you may refer to this page on Citi Rewards Program FAQ.

      If you’re referring to their competitive bonus points offer, you’d need to spend $3,000 on eligible transactions within 90 days of card approval to receive 100,000 bonus Citi Rewards Points. The bonus Citi Rewards Points will be credited within 6 – 8 weeks of meeting the spend criteria.

      I hope this helps.

      Best,
      Maria

  7. 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?

    • finder Customer Care
      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

  8. Default Gravatar
    johnJuly 25, 2017

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

    • Default Gravatar
      JonathanJuly 25, 2017

      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

  9. 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?

    • finder Customer Care
      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

  10. 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?

    • Default Gravatar
      JonathanJuly 6, 2017

      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

Credit Cards Comparison

Rates last updated December 13th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee. Ends 16 December 2018
More info
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Suncorp Clear Options Platinum Credit Card - Online Offer
20.74% p.a.
0% p.a. for 18 months
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and earn up to 60,000 Bonus Rewards Points. Plus, a discounted first year annual fee when you apply online.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

Compare up to 4 providers

* 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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