Citibank Clear Platinum Visa Card – Rates & Fees

Rates and Fees verified correct on March 30th, 2015
Citibank Clear Platinum Card Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file.

What happens when I click Go to site?
  • Clicking Go to site 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 typically receive your credit card within 1-2 weeks
Click here to start your application >>
Pros
  • A low interest rate on balance transfers and purchases
  • Includes complimentary purchase protection
Cons
  • At the end of the balance transfer period, the interest rate reverts to the cash advance rate
  • Being a platinum card, there is a higher annual fee than other low interest credit cards in the market. It is however one of the lowest annual fees for a platinum credit card
Overall

One of the most competitive credit card offers currently available in the market. It's important you manage your spending wisely, and keep track of your balance transfer to make the most of this credit card offer.

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Rates last updated March 30th, 2015

Now you can get a low-rate credit card that rewards you for spending and also gives you the option to transfer balances from existing cards.

The Citibank Clear Platinum Visa credit card offers a competitive interest rate on purchases and a discounted annual fee for the first year. This card offers 0% p.a. interest on balance transfers for a limited period, after which any leftover balance attracts the card’s cash advance rate.

The Clear Platinum Visa comes with a generous credit limit and it also offers cardholders a unique rewards program. Security comes in the form of various complimentary insurance covers and special features. The Citibank Classic credit card also offers rewards and the option to transfer balances, although it attracts a higher interest rate in comparison to this card.

Product NameCitibank Clear Platinum Card
Balance Transfer Rate0% p.a. for 9 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Interest Rate on Purchases0% p.a. for 9 months (reverts to 13.99% p.a.)
Offer end date31 December 2015
Annual Fee$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Interest Free Period
on Purchases
The Interest free period on purchases is the period or number of days you don't have to pay interest on your card purchases. This would usually start from the first day of your credit card statement and not when the purchase is made.
up to 55 days
Interest Rate on Cash Advances21.74% p.a.
Minimum Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Maximum Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Minimum Monthly Repayment2%
Minimum Income$35,000 p.a.
Card TypeVisa
Late Payment Fee$10
Foreign Currency Conversion Fee (VISA)3.3% of transaction value
Complimentary Travel InsuranceNo
Available to Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating RequirementGood
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Annual Fee$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$10
Over Limit Fee$40
Cash Advance Fee3.5% of transaction amount
Overseas Cash Advance Fee$5
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)3.3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
Pros
  • A platinum credit card with a low ongoing purchase rate and introductory balance transfer offer.
  • Access to Platinum Visa benefits including the Visa Concierge Service, and access to Citibank World Privileges for a low annual fee of just $99 ($49 for first year).
  • A 0% p.a. on balance transfers and purchases for the first 9 months.
Cons
  • After the balance transfer period finishes, you will be charged the cash advance rate on the remaining outstanding balance, which is 21.74% p.a.

Citibank Clear Platinum Visa credit card review

This competitive credit card uses payWave technology that allows you to check out sooner when shopping at merchants who use suitable technology in their EFTPOS systems. A personal budgeting tool helps you keep track of your spending, while free Citi alerts keep you informed about all the transactions that take place using your card. Emergency card replacement within Australia ensures you get a replacement card within 24 hours. If you face any problems you can get in touch with Citibank customer service 24/7, plus you also get access to a personal concierge.

Benefits of being a Citibank Clear Platinum Visa Card holder

  • Balance transfer offer.

    The balance transfer offer this card comes with allows you to transfer balances from your existing credit cards. This offer comes with a 12-month interest-free period. Once the 12-month period is over, the remaining balance attracts the cash advance rate.

  • Complimentary insurance.

    When you get this card you also get Transit Accident Insurance, Purchase Cover Insurance and Extended Warranty Insurance. In addition, you can also make use of the card’s Guaranteed Pricing Scheme.

Features of the Citibank Clear Platinum Visa credit card

  • Rewards. While this credit card does not give you the ability to earn reward points, it still rewards you for being a cardholder. As part of the Citibank Dining Program you stand to receive a free bottle of wine every time you dine. You can also enjoy discounted movie tickets, savings of up to 25% off on offers via Citi World Privileges, as well as all the benefits that come with being a Visa Platinum cardholder.
  • Interest rate. Citibank promotes this card as a low-rate credit card, so expect to find a competitive variable interest rate. Balance transfers don’t attract any interest for the first 12 months, but you then have to pay the cash advance rate on any leftover balance.
  • Fees. This credit card attracts an annual fee of $99 p.a., although in the first year you have to pay only $49. Additional Citibank Clear Platinum credit cards do not attract any annual fees, and you can get as many as four additional cards. Other fees you might incur include late payment fees, over limit fees, payment dishonour fees, local and overseas cash advance fees, and over-the-counter transaction fees.
  • Security. This card is Fraudshield protected. This ensures that Citibank will call you if it detects any irregular transactions, even if it requires calling you while you are overseas. All you have to do is provide a number where the bank can reach you. Credit Repayment Protection is optional.


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How to apply for the Citibank Clear Platinum Visa credit card

Applying for the Citibank Clear Platinum Visa card is easy. Click on ‘Go to site’ to submit an online application. To apply, you have to meet the following eligibility criteria:

  • You are over 18 years old
  • You have a good credit rating
  • You are a permanent Australian resident
  • You earn a minimum of $35,000 per annum

To complete the application process you have to submit a range of information for the bank to verify your credentials. You’ll need to supply:

  • Contact details
  • Employment-related information, including your employer’s contact details and your primary occupation
  • Gross income and monthly expenses
  • Self-employed individuals have to submit the name of an accountant, an accounting firm and a phone number
  • If opting for a balance transfer, submit all relevant details

While the Citibank Clear Platinum Visa credit card is a competitive option, there are other cards you should consider when shopping around. Compare your options before deciding on one card and submitting an application.

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This page was last modified on 12 January 2015 at 13:53.

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340 Responses to Citibank Clear Platinum Visa Card – Rates & Fees

  1. Default Gravatar
    Farooq | June 29, 2014

    Hello,
    I am thinking to apply for Citibank Clear Platinum Card. To receive the o% balance transfer offer do I have to mention my balance transfer details in the application or I can do that any time later on within the promotional period. Also do I have to do a $1000 purchase along-with balance transfer to be eligible.

    • Staff
      Shirley | June 30, 2014

      Hi Farooq,

      Thanks for your question.

      You’ll need to request the balance transfer during the application. You don’t need to make a $1,000 purchase for the balance transfer to be eligible.

      It applies on balances you transfer with this offer at point of application, and on all purchases and cash advances for a period of six months from the date your account is approved.

      Cheers,
      Shirley

  2. Default Gravatar
    Nathan | May 22, 2014

    Hello. If I transfer a balance from my current credit card and then made purchases using the new card from Citibank which balance would get paid off first…. The balance transfer amount or the purchase amount? This will obviously make a difference in relation to the interest rate charged at the end of the 6 month promo period if there is an outstanding balance on the card.

    • Staff
      Shirley | May 23, 2014

      Hi Nathan,

      Thanks for your question.

      I’ve taken this information from the MoneySmart website; “When you make a payment on your new card, there are two ways it can be applied. 1) The credit card issuer will apply it to the balance with the highest interest rate (for example, purchases you have made at the standard interest rate or cash advances at the cash rate, whichever has a higher interest rate). 2) With the credit card issuer’s agreement, you may request that payments be applied in a different way (for example, that any payments made during the balance transfer period will be applied to the balance transfer amount, even if the interest rate is lower)”.

      Cheers,
      Shirley

  3. Default Gravatar
    Ruby | May 2, 2014

    Hello,
    how long am I obligated to keep the credit card before I pay it off completely and close account.
    thanks

    • Staff
      Jeremy | May 5, 2014

      Hi Ruby

      Thank you for your question. There is no obligation to keep the credit card for any set period of time. Once you pay off the credit card in full you can request to have account cancelled.

      Cheers,
      Jeremy

  4. Default Gravatar
    Liuba | April 17, 2014

    hi, i would like to transfer my credit card over to Citibank Platinum, how ever i am still owing roughly 4k left.
    is this possible?

    • Staff
      Shirley | April 17, 2014

      Hi Liuba,

      Thanks for your question.

      This will depend on who currently provides your existing credit card, and what your new approved credit limit will be. Please read this page for more information.

      Cheers,
      Shirley

  5. Default Gravatar
    | March 19, 2014

    Can I borrow a cash amount of $1,000 interest free for the first 6 months using this card?

    • Staff
      Jacob | March 20, 2014

      Hi, Emma.

      Thanks for your question.

      This product currently offers an interest free promotion on cash advances for the first six months you have the card. This means you can make a cash withdrawal from an ATM or perform a cash transaction (like electronically transferring the funds from your online account to another account) and not pay any interest on this / these transactions for the promotional period. After that, the cash advance rate of interest will apply to any balance you have not paid back from the promotional period.

      I hope this helps. Please let us know if you need more information.

    • Default Gravatar
      emma | March 20, 2014

      Thanks Jacob. Do I apply for the card online or at a bank branch?

    • Staff
      Jacob | March 20, 2014

      Hi, Emma.

      The choice is up to you. You can apply through the applications links offered on our website, in person at a Citibank branch or over the phone.

      An online application should take about 10 to 15 minutes and you’ll have a response within a minute of completing the application.

      Thanks for your question.

  6. Default Gravatar
    Nikki | March 2, 2014

    Hi, I was just wondering how I find out if the promotion offer above was still applicable? In particular the 0% on purchases and cash advances? I have just tried to call the bank, and they cannot seem to confirm this? thanks!

    • Staff
      Jacob | March 3, 2014

      Hi, Nikki.

      Thanks for your question.

      The offer is current. Sometimes the customer service staff are not across all of the promotions and deals that are offered by third party websites, such as CreditCardFinder.com.au – if you would like to apply for this offer, please use the application links provided on the review page.

      I hope this helps.

    • Staff
      Jacob | March 3, 2014

      Hi, Nikki.

      Thanks for getting in touch with us.

      I can confirm this promotion on cash advances and purchases. This offer is not listed on the Citibank website. Sometimes, there are different offers made available through third party websites, like CreditCardFinder.com.au – if you would like to apply for this product, please use the links provided on this page to start your application.

      I hope this has helped.

  7. Default Gravatar
    Caron | February 28, 2014

    If I choose to cancel the credit card before 1 year of credit card ownership, is there a fee? (I understand that the balance would need to be at nil or paid out upon closure)

    • Staff
      Jacob | February 28, 2014

      Hi, Caron.

      The current promotion charges a half priced annual fee in the first year, the full annual fee will be charged in subsequent years. You can cancel the card in the first year and only pay a half priced annual fee.

      Thanks for your question.

  8. Default Gravatar
    Mark | February 20, 2014

    Hi, can I obtain a cash advance electronically (i.e. transfer an amount off this card online, not out of an ATM) and avoid the 3% cash advance fee that an ATM would attract?

    Thanks,

    Mark

    • Staff
      Jacob | February 20, 2014

      Hi, Mark.

      The cash advance fee applies to all transaction considered a cash advance, including electronic funds transfer from your credit card account to a nominated account.

      Thanks for your question.

  9. Default Gravatar
    Faisal | February 17, 2014

    Hi guys, this card has 0% cash advance option but is there any fee related to cash advance if i apply through creditcardfinder? i called to Citibank today; they said – 3.5% fee will be charged on cash advance (one off).(its not interest charge on cash adv. – its one off fee)

    • Staff
      Jacob | February 18, 2014

      Hi, Faisal.

      There is a cash advance fee charged when you use your card to withdraw from the ATM. This is separate to the cash advance rate of interest, which is currently waived for the first six months you have the card. You can view applicable fees and charges by having a look at the table at the bottom of the page.

      Thanks for your question.

    • Default Gravatar
      Faisal | February 18, 2014

      Thanks Jacob for your prompt reply

  10. Default Gravatar
    Lak | January 6, 2014

    Is 0% on Cash advances, purchases and balance transfer for 6 months is still available?

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Rates last updated March 30th, 2015
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Westpac Low Rate Card
Westpac Low Rate Card
A low interest rate credit card with a low annual fee and balance transfer offer. 0% p.a. for 3 months (reverts to 13.49% p.a.) 0% p.a. for 16 months $59 p.a. 21.49% p.a. Go to site More info
Citi Simplicity Card
Citi Simplicity Card
$0 annual fee credit card with a long term balance transfer offer. 19.99% p.a. 0% p.a. for 12 months $0 p.a. 19.99% p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 10,000 Velocity Points when you spend $5,000 or more in first 3 months. 0% p.a. for 16 months on balance transfers. 20.74% p.a. 0% p.a. for 16 months $129 p.a. 20.99% p.a. Go to site More info
American Express Qantas Discovery Card
American Express Qantas Discovery Card
Receive 7500 Qantas Points and pay no annual fee ever. Plus earn 1 Qantas Point per $1 spent on all your everyday purchases. 20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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