Citibank Rewards Credit Card – Platinum Card
Pros
- Earn up to 5 Citibank Reward Points for every $1 you spend
- Longest balance transfer period in Australian market with a low interest rate
Cons
- At the end of the balance transfer period the interest reverts to the cash advance rate
- High annual fee, which is expected being a Platinum credit card
Overall
If you are looking for a great introductory offer, the Citibank Platinum delivers. The intro rate for balance transfers and the high earn rate make this card well worth considering
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
0.9% p.a. for 9 months |
|---|---|---|
| Interest Rate on Purchases | |
20.99% p.a. |
| Annual Fee | |
$199 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Platinum |
| Minimum Income Requirement | |
$40,000 p.a. |
| Credit Card Type | |
Visa |
| Rewards Program | |
Yes |
Take comfort and pride with prestigious privileges, high credit limits, and an expansive selection of rewards with the Citibank Rewards Credit Card – Platinum Card.
- Credit limits of up to $100000
- Enjoy a 0.9% p.a. for 9 months balance transfer rate – bundle your other credit card balances and transfer them to your CCitibank Rewards Credit Card – Platinum Card.
- 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.
- 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.
Read the official terms and conditions
Citibank Platinum Terms & Conditions
An annual fee currently $199 for the Primary Card and $90 for an Additional Card applies. Credit Card fees and charges apply.
Citibank Credit Cards are currently offering an introductory rate of 0.9% p.a. for 9 months on balances you transfer. Fees and charges apply. Terms and conditions apply.
“š Balances transferred are repaid before other cash advances and retail purchases. Transactions made other than with this offer will be subject to interest at Citibank’s standard platinum credit card rate, currently 20.99% p.a. p.a which is variable, subject to change.
# Actual credit limit will be based on Citibank credit criteria.
1 Redemption of Platinum Rewards are subject to the Terms and Conditions of the Citibank Platinum Unlimited Rewards Programme. Platinum Unlimited Rewards Programme Terms and Conditions are available upon application.
^ Qantas Frequent Flyer members can redeem Rewards points for Qantas Frequent Flyer points, at a rate of 1 Citibank Rewards point to 1 Qantas Frequent Flyer point. Membership of the Qantas Frequent Flyer Programme is subject to the Terms and Conditions of the Qantas Frequent Flyer Programme. A joining fee applies. Under the Citibank Rewards Programme, your initial redemption must be Citibank Rewards points and subsequent redemptions must be in blocks of 10,000 Rewards points. Points transferred will take 2 business days to appear in each member’s Qantas Frequent Flyer points account. Rewards points may only be redeemed for Qantas Frequent Flyer points by a Primary Cardholder and credited to their Qantas Frequent Flyer account. Points once redeemed cannot be reversed.
2 Citibank Take Flight® is the service which enables You to redeem Rewards points for Take Flight® Cashback, Travel Vouchers and other nominated travel Rewards offered by Citibank Rewards from time to time. Take Flight® Cashback is a Cashback with the following additional conditions: In order to be eligible to redeem Reward points for Take Flight® Cashback, You must have made a travel purchase (where a flight or airline ticket is an element of that travel purchase) on Your Card within 30 days immediately before the date of your request to redeem for Take Flight® Cashback (referred to from this point as the “Travel Purchase”). The maximum amount in Take Flight® Cashback that You may redeem Reward points for is an amount equivalent to the dollar value of the Travel Purchase. For a Take Flight® Cashback Rewards claim, you must redeem a minimum of 3,000 Reward points. You should allow up to 28 days for Your Take Flight® Cashback to be processed. The amount of any Take Flight® Cashback is set off against the outstanding balance of Your Account on Your next Statement due date.
3 International Travel Insurance is underwritten by Zurich Australia Insurance Limited (ABN 13 000 296 640 AFSL No. 232507) 5 Blue Street, North Sydney, NSW, 2060, and is subject to the Terms and Conditions and exclusions contained in the Policy of Insurance. Please check the Policy conditions to ensure eligibility for cover. As these services are provided by third parties, Citibank accepts no responsibility for their availability, quality, use or the result of any medical, legal or transportation facilities. The Cardholder shall be responsible for the payment of these services. Please refer to the Terms and Conditions sent to you at card opening for a full explanation of cover and exclusions.
** Transport Accident Insurance is underwritten by Zurich Australia Insurance Ltd (ABN 13 000 296 640 AFSL No. 232507) and is subject to the Terms and Conditions and exclusions contained in the Policy of Insurance. Please check the Policy conditions to ensure eligibility for cover. Please refer to the Terms and Conditions sent to you at card opening for a full explanation of cover and exclusions.
4 Extended Warranty Insurance is underwritten by Zurich Australia Insurance Ltd (ABN 13 000 296 640 AFSL No. 232507) and is subject to the Terms and Conditions and exclusions contained in the Policy of Insurance. Please refer to the Terms and Conditions sent to you at card opening for a full explanation of cover and exclusions.
5 Purchase Cover is underwritten by Zurich Australia Insurance Ltd (ABN 13 000 296 640 AFSL No. 232507) and is subject to the Terms and Conditions and exclusions contained in the Policy of Insurance. Please refer to the Terms and Conditions sent to you at card opening for a full explanation of cover and exclusions.
6 Delivery Guarantee is limited to one transaction up to $10,000 on any statement, excluding goods purchased for professional or commercial use.
7 CREDITSHIELD”š® is underwritten by MetLife Insurance Ltd (ABN 75 004 274 882 AFSL No. 238096) and is subject to the Terms and Conditions and exclusions contained in the Policy of Insurance.
Read the official terms and conditions
| Minimum Income | $40,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $8,000 | Max Credit Limit | $100,000 |
| Annual Fee | $199 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $10 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | $0 | Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal | $5 | Foreign Currency Conversion Fee |
| Rewards Points per Dollar | VISA: 1.25 Point(s) | Points needed for Syd/Mel Return Flight | 25000 |
| Points needed for $100 Voucher | 13760 |
[...] cost of a 4 Year Citibank Platinum Card Purchase Repayment at 19.85% p.a: (607.01 times 48) plus (250 times 5) = [...]
when is the annual fee payable
If you transfer a balance & don’t use the card for purchases will the annual fee accrue the cash rate interest?
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?
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
Can you balance transfer with this card from a car loan?
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
If you’re an existing Qantas frequent flyer membership can you add your membership number to this card?
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
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
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
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?
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
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