0% Balance Transfer Credit Card With No Transfer Fee
If you are worried that the interest on your current credit card is making it difficult to reduce the balance, maybe you should think about changing to a Citibank Clear Platinum card.
For new customers there is a special introductory offer of 2.9% p.a. for 12 months on balance transfers.
Other benefits of the card are, a low annual fee of $99, and a low interest rate of 11.99% p.a. per year on purchases, which makes this credit card a very good choice, if you are looking to save money.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
2.9% p.a. for 12 months |
|---|---|---|
| Interest Rate on Purchases | |
11.99% p.a. |
| Annual Fee | |
$99 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Platinum |
| Minimum Income Requirement | |
$35,000 p.a. |
| Credit Card Type | |
Visa |
| Rewards Program | |
Yes |
Overall benefits offered
- The normal annual fee is 11.99% p.a. but reduced to $49 for the first year
- Low interest rate on purchases of 11.99% p.a. per annum
- For 2.9% p.a. for 12 months balance transfers
- International Travel Insurance – complimentary
- Purchase cover and extended warranties – complimentary
The Clear Platinum card offers a number of enticing features including flexibility, zero transfer rate for six months, a low interest rate for purchases of 11.99% p.a. per annum, with cash advance rates set at 21.74% p.a. per year. In addition you get an interest free period of up to 55 days, a maximum credit limit of $60,000, and a low annual fee of $99
To summarise this card provides a competitive interest rate, some reasonable features and perks, and a middle of the range annual fee, that make it an appealing everyday card. If you are looking to consolidate your credit card balances and reap the benefit of zero interest for six months then you can’t go far wrong.
Balance Transfers
A balance transfer simply means transferring the existing balance from your current credit card to a new Citi credit card. This can result in quite large savings by reducing the high interest charge on your existing card balance.
Extra features
- Personal 24 Hour Concierge Services
- Get up to 25% off featured offers through Citibank World Privileges
- Extended Warranties
- VISA Platinum Privileges mean you can experience great entertainment & offers available
Application criteria
- Minimum Income Requirement $50,000 per annum
- Minimum Age 18
- Additional Cardholders are allowed
- Additional Cardholder Minimum Age is 16
Submitting an application for a Citi Credit Card is fairly straightforward and can be done online. Filling in the form generally takes less than 10 minutes to complete providing you have the necessary personal information close by, and you will have a response within 60 seconds of submitting the form.
Read the official terms and conditions
| Minimum Income | $35,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $8,000 | Max Credit Limit | $60,000 |
| Annual Fee | $99 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $40 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | $0 | Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal | $5 | Foreign Currency Conversion Fee | 3.3% |
| Rewards Points per Dollar | Visa:0 Point(s) | Points needed for Syd/Mel Return Flight | |
| Points needed for $100 Voucher |
can i transfer balances from other credit cards after initial application.
Will you have to give up your current credit card when you transfer the balance?
Hi Mary
This will depend on your credit card provider, however in cases I am aware of, a cheque/or transfer was done from the new bank (with the card that has the balance transfer option) to the old bank (with the card that has the balance). The old card generally isn’t cancelled unless you request it to be cancelled.
Please seek advice from a financial planner or your accountant before making a decision to do a balance transfer – they will provide you advice regarding your specific financial situation. Please also check the terms and conditions for each card, and get a full understanding from the financial institutions you have cards before making any decision to apply for a credit card.
Thanks for participating in our community! :)
Kind regards,
Jeremy Cabral
Can I use internet to view balance and transactions?
Are you able to automatically pay the card in full on the day it falls due?
Can I get a second card for my wife? Is there a fee?
Can I get a credit limit of $8,000?