Citibank Rewards Credit Card – Platinum Card

Information verified correct on September 28th, 2016
Citi Rewards Credit Card - Platinum Card Find out more Go to site

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  • 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
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If you are looking for a great introductory offer, the Citibank Platinum delivers. The introductory rate for balance transfers and the high earn rate make this card well worth considering.

Product NameCiti Rewards Credit Card - Platinum Card
Rewards ProgramCitibank Rewards Program
Balance transfer rate (p.a.)0% p.a. for 24 months with 1.5% balance transfer fee
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.)20.99% p.a.
Offer end date31 December 2016
Annual fee$199 p.a. annual fee for the first year ($249 p.a. thereafter)
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 InsuranceYes
Complimentary Travel Insurance Cover6 months
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$199 p.a. annual fee for the first year ($249 p.a. thereafter)
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$90 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • This card allows you to enjoy a reduced annual fee of $199 on the first year, which reverts back to the standard $249 thereafter.
  • This card has balance transfer offer of 0% p.a. for 24 months.
  • This card comes with a personal budgeting tool that allows you to keep track of purchases and plan your spending.
  • You can stay protected with a complimentary travel insurance.

Cons

  • Even for as platinum credit card, an annual fee of $249 is fairly high.
  • Additional cardholders come at a cost of $90 each.
  • When the balance transfer period expires, the interest charged on any outstanding balance will be charged at the higher, cash advance rate of interest.
Rewards ProgramCitibank Rewards Program
Rewards Points per $ (VISA/MC)1.25
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap12,500
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Citi Rewards Credit Card – Platinum Card review

Take comfort and pride with prestigious privileges, high credit limits, and an expansive selection of rewards with the Citi Rewards Credit Card – Platinum Card.

Benefits and Features of Citi Rewards Credit Card – Platinum Card

  • Higher credit limit. Customers can get a credit limit of up to $100,000, depending on their individual application.
  • Balance transfer offer. Enjoy a balance transfer rate of 0% p.a. for 24 months – bundle your other credit card balances and transfer them to your Citi Rewards Credit Card – Platinum Card. This offer ends 31 December 2016.
  • Introductory interest rate. This card comes with a competitive introductory purchase rate offer of 20.99% p.a.
  • 24/7 Personal Concierge Service. Any assistance, information or service you need will be available to you any time, and place.
  • Free international travel insurance. Do you travel frequently? If so, every time you purchase your tickets with Citibank Platinum, you’ll be covered on medical, unexpected expenses, trip cancellation, and personal loss/liability.
  • Citibank Rewards range. Tired of stale reward programs on other credit cards? With a personalised and extensive Citibank Platinum Reward Range, you’ll enjoy the benefits of a rewards program more than ever.
  • Samsung Pay eligibility. Register your phone to Samsung Pay and you can easily make payments by tapping your phone on a contactless terminal. Learn more here.

Features of the Citi Rewards Credit Card – Platinum Card

  • Annual fee. This card charges an annual fee of $249
  • Balance transfer offer. When you transfer an outstanding balance to this credit card you pay 0% p.a. interest for 24 months. This rate will revert to cash advance after the promotional period. Citi only permits  for balance transfers, with a one-time balance transfer fee of 1.5%.
  • Cash advance rate. When you withdraw cash from this card, interest is charged at the rate of 21.74% p.a.
  • Purchase rate. Purchases will be charged at 20.99% p.a. If you pay your monthly balance in full by the statement date you can receive up to 55 interest-free days.
  • Additional cardholders. This card supports up to 4 for a fee of $90 for each cardholder.

How to apply for the Citi Rewards Credit Card – Platinum Card

If you would like to apply for this card, please complete and submit the secure online application. Before applying you will need to ensure that you meet the following criteria:

Eligibility criteria

  • Minimum age: 18
  • Minimum income requirement: $35,000
  • Credit history: Good
  • Residency: You are a permanent Australian resident
  • Contact details:You need to supply an email address that you check regularly.

Required documents

  • Personal details and contact details
  • Information about your job and you may need to submit a letter from your employer declaring your income
  • Information about your personal income and expenses
  • Your specified maximum credit limit. If you do not wish to choose one, leave this field blank.

The whole application should take about 10-15 minutes to complete. You will receive a response in 60 seconds and you may be required to submit documents into your local Citibank Branch. After this step has been completed, you’ll typically receive your card within 1-2 weeks. Your PIN is sent separately for security reasons.Back to top

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18 Responses to Citibank Rewards Credit Card – Platinum Card

  1. Default Gravatar
    Ross | August 30, 2011

    I would like to start paying my suppliers buy credit card on the 29th of each month, when would i have to pay my credit card back? Eg: how many days from the purchase date:

    and with the rewards program what do you mean 2 up to 2012 Partners.

    Thanks & Regards Ross Torr

  2. Default Gravatar
    Ricardo | August 27, 2011

    For the Platinum card, what rate do the accrued points transfer to the SQ FF scheme? i.e. for every $1,000 I spend on my Citi Platinum card, how many points do I get in my SQ account?

    • Staff
      Jeremy | August 31, 2011

      Hi Ricardo

      Thanks for your comment

      Citibank Gold and Platinum Cardholders can redeem Citi Reward points for KrisFlyer miles at a rate of 1.5 Citi Reward points to 1 KrisFlyer mile.

      Cheers

      Jeremy

  3. Default Gravatar
    Lesta | August 16, 2011

    Can you clarify the Points per dollar ratio ? When in 2012 does it change , and what to ?
    Can I use these points to transfer to Velocity ?? At what rate ?
    Cheers…

    • Staff
      Jacob | August 20, 2012

      Hi Lesta. Thanks for the question. Cardholders earn 1.25 points per $1 spent on purchases in Australia and up to 3 points per $1 spent on international purchases. Cheers.

  4. Default Gravatar
    kanishk | July 28, 2011

    Hi Can I upgrade my clear platinum card to a normal platinum card and still be entitled to 1.5% bal transfer rate? – Thank you

    • Staff
      Jeremy | August 2, 2011

      Hi Kanishk

      Thanks for your question.

      If you are an existing Citi Credit Card customer, you must have held your current Citi account for at least 9 months before you can apply for another credit card.

      Cheers

      Jeremy

  5. Default Gravatar
    Carrington | July 21, 2011

    If you’re an existing Qantas frequent flyer membership can you add your membership number to this card?

    • Staff
      Jeremy | July 21, 2011

      Hi Carrington

      In order to use this Citibank Platinum Card with the Qantas Frequent Flyer rewards program, you will need to opt in to Citi Qantas Rewards.

      Yes – you can add your existing membership to the card. You will need to advise your Qantas Frequent Flyer membership number to Citibank in order to earn points under that account.

      It’s also important to note that Qantas Frequent Flyer Points may only be credited to a Qantas Frequent Flyer membership account in the Account holder’s name.

      Cheers

      Jeremy

  6. Default Gravatar
    Matt | July 18, 2011

    Can you balance transfer with this card from a car loan?

    • Staff
      Jeremy | July 19, 2011

      Hi Matt

      Citibank allows you to transfer the balance of existing credit cards or personal loans (including car loans) to a Citibank credit card.

      Cheers

      Jeremy

  7. Default Gravatar
    Bruce | July 6, 2011

    I am interested in transferring two balances from different organisations and consolidating that balance on your Citibank card offer of 1.9% for 15months. Is this possible?

    • Staff
      Jeremy | July 8, 2011

      Hi Bruce

      Thanks for the comment

      Yes – you can do a balance transfer from multiple credit cards on to the Citibank Gold credit card.

      Cheers

      Jeremy

  8. Default Gravatar
    Johannes | June 30, 2011

    Yesterday 29/6/11 i lodge a online application and still wait for the 60 seconds response can someone look into it
    thanks
    Hannes

    • Staff
      Jeremy | February 28, 2012

      Hi,

      Please contact the lender in question and quote the application reference number. Thanks for your question.

      Cheers,
      Jeremy

  9. Default Gravatar
    Deborah | June 24, 2011

    If you transfer a balance & don’t use the card for purchases will the annual fee accrue the cash rate interest?

  10. Default Gravatar
    Simon | May 29, 2011

    when is the annual fee payable

Credit Cards Comparison

Rates last updated September 28th, 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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