Citibank Clear Platinum Visa Card – Rates and Fees

Information verified correct on October 1st, 2016
Citi Clear Platinum Card Find out more Go to site

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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.

Save on credit card costs with an introductory 0% interest rate on purchases and balance transfers with the Citi Clear Platinum Visa.

The Citibank Clear Platinum Visa credit card offers beneficial features for many types of cardholders. If you have some purchases in mind, you could save on interest with 0% p.a. interest on purchases for the first 9 months. Otherwise, if you’re looking to consolidate a high-interest debt, you can avoid interest while paying down your balance with a 0% p.a. interest rate on balance transfers for the first 9 months. Plus, with complimentary insurances, the Citi Dining Rewards program and up to 55 interest-free days, this card offers many competitive benefits.

Product NameCiti Clear Platinum Card
Balance transfer rate (p.a.)0% p.a. for 9 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)0% p.a. for 9 months (reverts to 14.99% p.a.)
Annual fee$99 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.74% p.a.
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
Minimum Monthly Repayment2% or $30 (whichever is greater)
Minimum Income$35,000
Card TypeVisa
Late Payment Fee$10
Foreign Currency Conversion Fee (VISA)3.4% 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 Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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$99 p.a.
Minimum Repayment2% or $30 (whichever is greater)
Late Payment Fee$10
Over Limit Fee$40
Cash Advance Fee3.5% of transaction amount
Overseas Cash Advance Fee$5
Foreign Currency Conversion Fee (VISA)3.4% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • A platinum credit card which offers 0% p.a. on balance transfers and purchases for the first 9 months.
  • Access to Platinum Visa benefits including the Visa Concierge Service, and access to Citibank World Privileges for a low annual fee of just $99.

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

The Citibank Clear Platinum Visa Credit Card offers cardholders platinum features without the costs that come with most high-end cards. With a promotional 0% p.a. interest rate for the first 9 months, you could use the card to make purchases without clocking up interest. Otherwise, if you’re looking to take control of an existing debt, you could take advantage of the 0% p.a. interest rate for the first 9 months. Plus with complimentary travel insurance, a personal budgeting tool to track your spending and free wine every time you dine with the Citibank Dining Program, there are plenty of ways to get extra value from the Citibank Clear Platinum Visa Card.

Benefits of Being a Citibank Clear Platinum Visa

  • Interest free purchases promotion. This credit card allows you to enjoy 0% p.a. interest rate on purchases for the first 9 months, which then reverts back to a low variable rate of 14.99% p.a. thereafter.
  • 0% balance transfer offer. If you’re struggling to repay a high interest debt, you can take advantage of the 0% p.a. on balance transfers for the first 9 months. Once the 9 period is over though, the remaining balance will start attracting the 21.74% p.a. cash advance rate.
  • Complimentary insurances. 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.
  • 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.

Features of the Citibank Clear Platinum Visa Credit Card

  • Interest rate. Purchases don’t attract any interest for the first 9 months, after which the purchase rate reverts to a low variable rate of 14.99% p.a. Same goes with balance transfer transactions, but you then have to pay the cash advance rate at 21.74% p.a. on any leftover balance.
  • Annual fee. This credit card attracts an annual fee of $99
  • Up to 55 interest-free days. If you pay your balance in full each month, you can take advantage of up to 55 interest-free days.
  • Additional cardholders. You can request up to four additional cardholders for no extra annual fees.
  • Cash advance fee. If you use the card for cash advances, such as ATM withdrawals, you’ll be charged a fee of 3.5% of transaction amount and immediately start collecting a cash advance rate of 21.74% p.a.
  • 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.

How to apply for the Citibank Clear Platinum Visa Credit Card

If you’ve compared your options and decided this card is right for you, you can click the ‘Go to site’ button to submit an online application. To apply, you have to meet the following eligibility criteria:

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

Required documents

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:

  • You’ll need to provide proof of identification such as your drivers licence or birth certificate
  • Contact details including your phone number and email address
  • 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, you’ll need to provide information about your existing account including the institution you’re transferring from and the size of the balance

While the Citibank Clear Platinum Visa credit card offers many competitive features, it isn’t the only platinum card on the market. Make sure to compare your options before applying for a card to find the right choice for you.

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340 Responses to Citibank Clear Platinum Visa Card – Rates and 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?

Credit Cards Comparison

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 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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