Citibank Clear Credit Card – 55 days interest free Credit Card
What happens when I click Apply Now?
- Clicking Apply will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
- Your application will typically take you no more than 10-15 minutes to complete
- Once approved, you will receive your credit card in the mail within 1-2 weeks
At last a credit card that gives you a low interest rate of 6.9% p.a. for 6 months on balance transfers as well as a low interest rate of 15.99% p.a. on purchases*. With Citibank Clear Card, the choice has never been clearer.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
6.9% p.a. for 6 months |
|---|---|---|
| Interest Rate on Purchases | |
15.99% p.a. |
| Annual Fee | |
$65 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$25,000 p.a. |
| Credit Card Type | |
Visa |
| Rewards Program | |
Yes |
- 15.99% p.a.. interest rate ongoing for purchases.
- Modest $65 annual fee.
- 6.9% p.a. for 6 months p.a on balance transfers
- 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 $25,000 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 consistently 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 6.9% p.a. for 6 months.
The Rest
If you look past the basics however, it becomes clear that the annual fee that is attached to this credit card is for other things. It is referred to as an annual card fee for your credit card and that means that you are essentially paying extra for the extra account services that come with the card. These are services like universal access to your account. Citibank allows you to access your credit card account and statement through either the internet or the phone, both of which are available even on holidays around the clock. Citibank is known for having some of the best customer service options in the world, which may contribute to their annual fee being higher than you might see with other credit card options.
Standard of 95% of credit cards, a 55 day grace period on retail purchases too graces the card. This is indeed the interest free period on purchases so long as your balance is paid in full and on time and it is an average grace period as far as low interest credit cards are concerned.
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The Final Verdict
From Credit Card Finder®'s perspective, Citibank is praised as one of the most competitive banks to offer credit cards in Australia. However, while quality, its low interest card is simply not as competitive as other offers available for online application. The card is certainly recommended if you've enjoyed being a Citibank customer in the past.
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To compare some of the best credit cards available in Australia, see the Citibank credit card offers here.
Conditions
The 15.99% p.a. 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 15.99% 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.
Read the Citibank Clear Card terms and conditions.
| Minimum Income | $25,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit | $2,000 | |
| Max Credit Limit | $20,000 |
| Annual Fee | $65 p.a. | |
|---|---|---|
| Minimum Repayment | 2.00% | |
| Interest Charged From | Purchase Date | |
| Late Payment Fee | $10.00 | |
| Over Limit Fee | $40 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $5.00 | |
| Gambling Transactions Allowed | No |
| Rewards Points per Dollar | Visa:0 Point(s) |
|---|
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!
It’s been fixed up, thanks for that Sam.
You still seem to have this wrong – the offer is 0% for 6 months then 12.49% – not 7.9% for life.
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.
Is it possible to transfer the balance from a UK credit card? I am an Aussie citizen and permanent resident but am still trying to pay off a UK credit card.
Hi Trish
Thanks for your question
The credit card balance must be with an Australian financial institution in order for you to do a balance transfer.
Cheers,
Jeremy