In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Citi Rewards Card – Purchase and Balance Transfer Offer

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Citi Rewards Card - Purchase and Balance Transfer Offer
Terms and conditions apply
Purchase rate for the first 12 months (reverts to 21.49%)
0% p.a.
Reward point per $ spent
Annual fee
$199 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers 0% interest on purchases and balance transfers for the first 12 months, with a $199 annual fee.

This offer on the Citi Rewards Card gives you a way to save, with 0% interest for 12 months on new purchases and existing balances you transfer from other cards or personal loans (as long as they’re not issued by Citi). This type of interest-free offer can be useful for people who want to pay off a card but also have to make new purchases. Plus, you’ll earn 1 point per $1 for any eligible spending – with a cap of $10,000 per statement period for eligible spending in Australia (there’s no cap overseas).


  • 0% p.a. on purchases and balance transfers for the first 12 months, with no BT fee
  • Earns 1 point per $1 spent
  • Complimentary travel and purchase protection insurance


  • High 21.49% p.a. interest rate for purchases after the introductory period
  • 22.24% p.a. cash advance rate applies to any remaining balance transfer after the introductory period

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Citi Rewards Card earns 1 point per $1 on your eligible spending and comes with perks including complimentary mobile phone insurance and purchase protection insurance. With this introductory offer, you’ll get 0% interest on both purchases and balance transfers for the first 12 months when you apply and get approved for this card. But remember to factor in the interest rates that apply to purchases and balance transfers after the first 12 months, as they are on the higher end of the scale for credit cards.


Product details

Product Name Citi Rewards Card - Purchase and Balance Transfer Offer
Balance transfer rate p.a. 0% for 12 months, then 22.24%
Balance transfer limit 80% of available limit
Purchase rate p.a. 0% for 12 months, then 21.49%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 22.24%
Min credit limit $2,000
Max credit limit $100,000
Card type Mastercard


Available to temporary residents No
Minimum income $35,000
Joint application No


Rewards program Citi Rewards Program
Bonus points N/A
Rewards points per $ spent 1
Rewards points cap 10,000


Annual fee $199
Minimum monthly repayment 2% of the closing balance or $30, whichever is greater
Late payment fee $30
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 $90
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 this Citi Rewards Card offer online in around 10 minutes and you should receive a response in 60 seconds. Before you start the application, make sure you meet the eligibility requirements and have the necessary information on hand.

Eligibility criteria

Card benefits

  • 0% interest on purchases for 12 months. Get a 0% interest rate for purchases you make in the first 12 months when you apply and get approved for this card.
  • 0% p.a. balance transfer offer. Pay 0% p.a. interest for the first 12 months on balance transfers, with no balance transfer fee when you apply and get approved for this card. At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 22.24% p.a. Please note that purchases will not be eligible for interest-free days while you have a balance transfer.

Rates & fees

  • Annual fee. This card charges a standard annual fee of $199.
  • Purchase interest rate. The variable interest rate for purchases is 21.49% p.a. This is higher than the average standard credit card interest rate in Australia, which is currently 20.07%.

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Rich Bryant

January 15, 2024

I dont fully understand what the 55 days on purchase means? does that mean the interest free component is only 55 days and not 12 months on all new purchases?


Sarah Megginson Finder

January 30, 2024

Hi Rich, the 55 days interest free applies to purchases made after the 12-month 0% interest rate period expires.



November 23, 2023

Am I correct to say that 55days interest free is not applicable during 12months interest free on retail purchase?


Amy Bradney-George Finder

December 07, 2023

Hi Rocky,

Yes, that’s correct. With the current offer, there would be 0% interest on retail purchases for 12 months anyway. Keep in mind that you would need to pay at least the minimum amount listed on each statement by the due date during the promotional period. I hope that helps.

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October 11, 2023

Link to apply?


Sarah Megginson Finder

October 13, 2023

Hi Rajat, we don’t currently offer this product through Finder, so you can contact them directly to apply.



August 22, 2023

Where this card says interest free on retail purchases, what is defined as a retail purchase? If I use the card to pay an invoice, would that be considered eligible for the interest free period, or is that considered a cash withdrawal?


Amy Bradney-George Finder

August 25, 2023

Hi Greg,

Here is the definition from Citi’s terms and conditions: “retail purchase means a transaction (including a Citi PayAll payment) other than a cash advance or special promotion, as determined by us at our discretion.” As it sounds like you have a specific invoice and payment in mind, you could call Citi on 13 24 84 to check whether it would be considered a purchase. I hope this helps.

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July 04, 2023

Hi there,

Would you be able to elaborate on this further: ” You will not be eligible for interest-free days while you carry debt from a balance transfer.” Does this mean if I have balance transfers of say $1000 to this credit card, whilst that amount hasn’t been paid off then the 55 days of interest free would not apply? If so, say I purchase something on the 1st of July, when will I need to pay this off by to avoid penalty and late fees?

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Elizabeth Barry Finder

July 12, 2023

Hi Stephanie,

Thanks for your question.

Interest-free days do not refer to penalties or late fees, it just refers to interest that can be charged to the balance on your card. If you pay off your balance in full each statement period you can have up to 55 days interest-free on purchases.

However, if you are carrying a debt from a balance transfer on this card month to month you will not be able to take advantage of interest-free days on purchases.

This article provides a good explanation of interest-free days and how they work.

You would need the balance transfer repaid in full before you can start taking advantage of interest-free days on purchases.

I hope this helps,


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