Citibank Clear Credit Card – 55 days interest free Credit Card
Posted January 22nd, 2007
and last modified March 16th, 2010
At last a credit card that gives you a low interest rate of 2.90% on balance transfers for 6 months as well as a low interest rate of 15.49% p.a.on purchases*. With Citibank Clear Card, the choice has never been clearer.
| Balance Transfer Rate |  |
2.90%% for 6 months |
|---|---|---|
| Interest Rate | |
15.49% p.a. on purchases |
| Cash Advance Rate | |
20.99% on cash advances |
| Interest Free Period | |
up to 55 days |
| Annual Fee | |
$65 |
| Card Type | |
Standard |
| Credit Card Type | |
Visa |
| Rewards Program | |
Yes |
- 15.49% . interest rate ongoing for purchases.
- Modest $65 annual fee.
- 2.90% p.a balance transfer for 6 months
- Access to your account anywhere, anytime via Internet and phone banking.
- Up to 55 days interest free on retail purchases.
Requirements
- At least 18 years of age
- Have a good credit rating
- Earn a taxable income of $20,000 per year or more
- Permanent resident of Australia
The Citibank Clear is highly beneficial if you:
- Find it difficult at times to pay off your monthly balance in full, thus only paying a low interest rate.
- Likewise, if you consistantly pay off your balance in full each month, you'll effectively only be paying $0 in interest repayments.
- Plan to transfer your balances over and repay them at 2.9% interest.
Conditions...
^ The 2.90%% interest rate is only available on balances transferred with this offer for the first 6 months. Once the 6 months has expired, the interest rate on your entire unpaid balance will revert to the standard Citibank Clear Card rate, currently 12.49%p.a. which is variable and subject to change.
This one is self explanatory. If you would like to save yourself from interest payments on your transferred balance, make sure you pay off that balance within 6 months of your application being approved.
Related posts:
- Credit Card Feature Explained: Up To 55 Interest Free Days
- What does 55 days interest free really mean?
- Citibank Clear Credit Card – 2.9% balance transfer for 6 months
- Citibank Clear Card Review
- Citibank Clear Platinum Credit Card – 11.49% on purchases and 0.99% balance transfers
- Citibank Credit Cards offer clear customer benefits
- Citibank Clear Platinum
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Editor's Choice: Our Top Credit Cards
| Credit Card | Card Details | Interest Rate (p.a.) | Cash Advance Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Interest free days (up to) | |
|---|---|---|---|---|---|---|---|
 St George Vertigo |
 Editor's Choice:Low Interest Low 2.99% for 6 months (reverts to 11.99%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks. |
2.99% for 6 months (reverts to 11.99%) | 20.74% | 2.99% for 6 months | $55 | 55 |   |
 Coles Group Source MasterCard | The Coles Group Source MasterCard has no annual fee, a 0% p.a. balance transfer offer for 6 months, with a rewards program including savings on fuel and FlyBuys Points | 19.74% | 21.99% | 0% for 6 months | $0 | 62 | |
 Bankwest Zero Platinum MasterCard |
Editor's Choice: No Annual Fee Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 9 months on balance transfers |
16.99% | 16.99% | 1.99% for 9 months | $0 | 55 | |
July 18th, 2008 at 2:59 pm
This page says that this card offers 0% on balance transfers “followed by 4.9% forever following”. I couldn’t find anything about the 4.9% on the Citibank website so called them to check. They said that they only offer 0% for six months, then it reverts to their normal interest rate. Not sure if this site is not up to date or if there has been an error made somewhere!
August 3rd, 2008 at 6:56 pm
It’s been fixed up, thanks for that Sam.
October 10th, 2008 at 9:40 pm
You still seem to have this wrong – the offer is 0% for 6 months then 12.49% – not 7.9% for life.
October 10th, 2008 at 11:38 pm
Hey David,
You’re getting the ‘Citibank Clear Card’ and ‘Citibank Personal Credit’ confused.
Citibank Clear has 0% for 6 months, then reverts back to 12.49%.
Citibank Personal Credit has 7.9% for life.
Hope that clears something up for you.