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Balance transfer rate for 24 months with 3% balance transfer fee: 0% p.a.
Purchase rate: 14.99% p.a.
Annual fee: $149 p.a.
Interest-free on purchases: Up to 44 days

Our verdict

Offers 0% interest on balance transfers for 24 months, but make sure you factor in the 3% balance transfer fee.

The MyCard Clear offers a long 0% p.a. interest rate on balance transfers for the first 24 months (with a 3% balance transfer fee), making it a handy option if you’re looking to pay off existing debt. After the introductory period, a high rate of 22.24% p.a. applies. The card also comes with a competitive purchase interest rate of 14.99% p.a. and includes simple credit card features plus a few extra perks, such as complimentary mobile phone insurance, purchase protection, and extended warranty.

Another factor to consider is the annual fee, which is $149 per year. That's not a really high fee compared to a reward or frequent flyer card, but it's higher than some low rate cards. It's important to decide if the travel discounts, complimentary insurance and other perks make the fee worthwhile for you.

Pros

0% p.a. on balance transfers for 24 months
Up to 15% off Luxury Escapes (up to $250)
Complimentary mobile phone insurance, purchase protection insurance and extended warranty insurance

Cons

Charges a one-time 3% balance transfer fee
Not linked to any rewards program
Complimentary travel insurance is not offered

Details

Product details

Product Name	MyCard Clear
Balance transfer rate p.a.	0% for 24 months with 3% balance transfer fee, then 22.24%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a.14.99%
Interest-free days	Up to 44 days on purchases
Cash advance rate p.a.	22.24%
Min credit limit	$2,000
Max credit limit	$100,000
Card type	Mastercard

Rewards

Bonus points

N/A

Fees

Annual fee	$149
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.5%
Cash advance fee	3.5% of transaction value or $3.50, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the MyCard Clear Credit Card online in as little as 10 minutes. Before you begin, check you meet the eligibility criteria and have the necessary information on hand:

Eligibility criteria

Eligible balance transfer debt. If you plan to take advantage of the balance transfer offer, you can transfer from $500 up to 80% of your available credit limit from non-MyCard credit cards.
Residency. This card is only available to permanent Australian residents and citizens.

Age. Applicants must be at least 18 years old.

Required documents

Personal ID. To verify your full name and proof of identification (e.g. Australian driver's licence or passport).
Contact details. Including your address, phone number and email address.
Employment. Detail the time spent at your current job and your employer's contact details and address.
Income and finances. Total gross salary as well details about bills and recurring expenses (such as any liabilities, debts, rent and school fees).
Balance transfer debt. If you're requesting a balance transfer, you'll need to provide details about the account/s and the amount you want to transfer.

Card benefits

Balance transfer offer. You can consolidate existing debts with a 0% interest rate for the first 24 months, with a one-time 3% balance transfer fee when you apply online, request the balance transfer and get approved for this card. Any unpaid balance after the promotional period ends will be charged at the variable cash advance rate, currently 22.24% p.a.
Complimentary insurance. When you use this card for shopping, you can get access to complimentary purchase protection insurance and extended warranty insurance.

Luxury Escapes discount. Until 1 March 2026, you can get up to 15% off (up to $250) on Limited Time LUX Exclusive hotel offers and 10% off on international tours when you pay with your MyCard credit card through the Luxury Escapes website or app.
10% off selected hotels with Expedia or Wotif. You'll get a 10% discount on selected hotels booked through Expedia and Wotif when you pay with your MyCard credit card before 31 January 2027 and stay before 30 June 2027.
Complimentary mobile phone insurance. Pay your monthly mobile plan bill with your MyCard Clear Credit Card and you'll be covered for accidental damage and theft.
Mobile payment technology. The MyCard Clear Card allows you to use your qualifying Android, Samsung and Apple devices to make contactless payments via Samsung Pay, Google Pay and Apple Pay.

Rates & fees

Annual fee. This card charges an annual fee of $149.
Purchase interest rate. This card has a 14.99% p.a. interest rate for purchases, which is lower than the average standard rate according to the Reserve Bank of Australia.

Interest-free days. When you pay your balance in full, you can take advantage of up to 44 interest-free days on your purchases.
Cash advances. If you make a cash advance transaction using your card, you will be charged interest at the cash advance rate of 22.24% p.a. from the day the transaction is made. You will also be charged a one-time fee of $3.50. If you make a cash advance overseas, the fee is $5.
Additional cards. Customers can get up to 4 additional cards at no extra cost.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. MyCard Clear Card's information page

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Anthony

October 19, 2024

Hello, I have a current Citi Clear Credit Card. I am able to use the Balanac Transfer feature?

Angus Kidman Finder

October 20, 2024

Hi Anthony, In general, if you already have a existing card with a provider, you won’t qualify for a balance transfer offer with the same provider.

Art

August 26, 2024

Hi i wish to consolidate my loans into your citi clear balance transfer card. Currently i have a mortgage of $90000 & a personal loan of $54000, Can i transfer the balance $144000 to your card at 0% intetest for 28 months?

Regards

Richard Whitten Finder

September 17, 2024

Hi Art,

Just to be clear Finder does not issue any credit cards. We provide information for readers to compare options, including Citi credit cards.

But most importantly you won’t be able to balance transfer mortgage debt. You can balance transfer outstanding credit card debts and in some cases personal loan debt. But not your home loan debt.

I suggest getting in touch with Citi directly for more help.

Show more Show less

Paul connelly

May 29, 2024

Hi can i transfer a personal loan to this card?

Angus Kidman Finder

September 23, 2024

Hi Paul, Yes, personal loans are potentially eligible for the balance transfer offer, provided the loan wasn’t issued under the Citi brand. Hope this helps.

Ela

April 23, 2024

Do I need to make a apply for this card to be balance transfer that I have credit card how much change to be get it

Sarah Megginson Finder

April 24, 2024

Hi Ela,

I’m not sure what your question is, but you would need to apply for the balance transfer at the time of applying.

Hope this helps!

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

MyCard Clear Credit Card

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Sources

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