Our verdict

Offers 0% interest on balance transfers for 20 months, but make sure you factor in the 2% balance transfer fee.

The Citi Clear credit card has a long balance transfer offer of 0% p.a. interest rate for the first 20 months, which can help if you have existing debt you want to pay off. But if you’re still paying off your balance transfer after the introductory period, a high interest rate of 22.24% p.a. applies.

It also has a purchase interest rate of 14.99% p.a., which is competitive with other low rate cards that offer complimentary insurance and other perks. But you will be charged interest on retail purchases if you have a balance transfer. Another factor to consider is the annual fee, which is $99 per year. That's not as high as some other credit card in Australia, but it's a good idea to check how much money you'll save in interest doing this balance transfer to make sure the savings outweigh the fees.

Pros

0% p.a. on balance transfers for the first 20 months
$10 monthly cashback with BINGE
Extended warranty and purchase insurance options
Up to 4 additional cardholders at no extra cost

Cons

Charges a one-time 2% balance transfer fee
Balance transfer reverts to a high 22.24% p.a. cash advance rate
No rewards program or travel insurance

Details

Product details

Product Name	Citi Clear Card - Limited Time Offer
Balance transfer rate p.a.	0% for 20 months with 2% 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

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	Annual fee $99
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	Foreign currency conversion fee 3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

On 1 June 2022, Citi's consumer banking business was acquired by NAB. Citi credit cards are still available for application and will have the Citi brand. However, the contract for these cards is now with NAB.

How to apply

You can apply for the Citi 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. You can transfer balances from credit cards, store cards and personal loans not issued under the Citi brand, up to 80% of your credit limit.
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 (eg. 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).
Existing debt. Information about any other credit card accounts you have, including the account number and issuing organisation's name and address.

Card benefits

Balance transfer offer. You can consolidate existing debts with a 0% interest rate for the first 20 months, with a one-time 2% 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 10% off (up to $250) on Limited Time LUX Exclusive hotel offers when you pay with your Citi card through the Luxury Escapes website or app and use the promo code CITI10.
My Cashback. You can receive personalised cashback offers via the My Cashback hub in the Citi Mobile App when you use your credit card.
Mastercard benefits. With Mastercard Priceless Cities, you'll get access to exclusive entertainment, dining, travel and other lifestyle experiences in more than 40 cities around the world.
Mobile payment technology. The Citi Clear Card allows you to use your qualifying 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 $99.
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. Note that you will be charged interest on retail purchases if you're carrying a balance transfer debt.
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.

*This product is provided by National Australia Bank Limited, using certain trademarks temporarily under the license from Citigroup Inc.

Sources

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Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property 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 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 Graduate Certificate in Communications from Deakin University. See full profile

Citi Clear Credit Card – Limited Time Offer

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