Citi Select Credit Card – Australia’s First Visa Signature Credit Card
Review of Australia’s first Visa Signature Credit Card – the Citi Select credit card
The Visa Signature program is launching its first card in the form of the Citi Select Credit Card. This card lives up to the title select on several levels. The rewards offered by this card are select in that they have the ability to be tailored to individual cardholder desires. it is also select in the sheer volume of points that cardholders are able to earn, at a rate of two points for each dollar spent you can build up a nice stockpile of points to use with the Citi Rewards partners. But, points are not the only select benefit of owning this particular credit card, delve a little deeper and you will find a world of benefits that gives you more then you ever expected from a credit card.
Citi Select Credit Card
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
6.9% p.a. for 9 months |
|---|---|---|
| Interest Rate on Purchases | |
20.74% p.a. |
| Annual Fee | |
$700 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.24% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$120,000 p.a. |
| Credit Card Type | |
Visa |
| Rewards Program | |
Yes |
Finances – Most people do not think of their credit card when they think of big financial investments, but the Citi Select Credit Card changes that thinking. Owners of this card will have access to Citigold financial advisors who can assist them with big investments. In addition, cardholders get preferred rates on Citi mortgages and term deposits.
Lifestyle – If you enjoy the finer things in life having the best and most luxurious experiences is surely important to you. Cit meets this need through the Visa Signature Bespoke Event Program. It opens the door to customised experiences and the best seats in the house at a vast array of events.
Luxury Travel – Owners of this card undoubtedly like to travel. Part of meeting this need comes in the redemption of points within the Citi Rewards program. Cardholders can choose to use their points with any of the prestigious Citi Partners that include airlines, hotels, and other travel rewards. Or, for those customers loyal to Qantas, is an option to join the Citi Qantas Rewards program. This allows you to have all of your points directly deposited to your Qantas Frequent Flyer account. In addition to earn loads of points you will also be able to relax in luxury while you travel with access to over 600 VIP airport lounges no matter which airline you are travelling on or which class ticket you have purchased.
To apply for the Citi Select Credit Card you must be an Australian resident over the age of 18 with a good credit file. The minimum income requirement is $120,000 per annum and comes with a $700 annual fee. These are big numbers because this card is intended for big spenders. For those who want luxury that is customised to their taste it is well worth the cost.
Read the official terms and conditions
| Minimum Income | $120,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $18,000 | Max Credit Limit | $100,000 |
| Annual Fee | $700 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | |
| Late Payment Fee | $40 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | Overseas ATM Balance check | ||
| Overseas ATM Withdrawal | $5 | Foreign Currency Conversion Fee |
| Rewards Points per Dollar | 2 Point(s) | Points needed for Syd/Mel Return Flight | |
| Points needed for $100 Voucher | 16500 |
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