The Citi Clear offers simple credit card features and a few extra perks for purchases, including complimentary insurance options. Its 14.99% p.a. interest rate for purchases is also at the lower end of the scale. But you won’t be eligible for interest-free days on purchases if you have a balance transfer.
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Citi Clear Credit Card – Exclusive Offer
Terms and conditions apply
- Balance transfer rate for 24 months with 1.5% balance transfer fee
- 0% p.a.
- Purchase rate
- 14.99% p.a.
- Annual fee for the first year ($99 p.a. thereafter)
- $49 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Offers 0% interest on balance transfers for 24 months and a discounted $49 annual fee in the first year, which goes to $99 after that.
Pros
-
0% p.a. on balance transfers for 24 months
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Discounted $49 first-year annual fee
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Extended warranty and purchase insurance options
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Up to 4 additional cardholders at no extra cost
Cons
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Charges a one-time 1.5% BT fee
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Balance transfer reverts to a high 22.24% p.a. cash advance rate
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$99 annual fee after the first year
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No rewards program or travel insurance
Details
Product details
| Product Name | Citi Clear Card - Exclusive Offer |
| Balance transfer rate p.a. | 0% for 24 months with 1.5% balance transfer fee, then 22.24% |
| Balance transfer limit | 80% of available limit |
| Purchase rate p.a. | 14.99% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 22.24% |
| Min credit limit | $2,000 |
| Max credit limit | $100,000 |
| Card type | Mastercard |
Eligibility
| Minimum income | $35,000 |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | $49 first year ($99 after) |
| Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee | 3.4% |
| Cash advance fee | 3.5% or $3.50, whichever is greater |
| Overseas cash advance fee | $5 |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 4 |
On 1 June 2022, Citi's consumer banking business was acquired by NAB. Citi credit cards are still available for application and will have the Citi brand. However, the contract for these cards is now with NAB.
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Amy Finder
Editor
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Amy Bradney-George Finder
January 15, 2024
Hi Jess,
This credit card is set up for personal use, so you can’t technically link it to your ABN. But it is possible to use a personal credit card for business expenses. You can learn more about different options in Finder’s guide to business credit cards. You may also want to discuss your plans with an accountant or the credit card brand. I hope this helps.
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Royale Waihape
July 22, 2023
Can limit be decreased after time?
Say I have a balance of $20k, pay $5k on it so then can I drop the limit down to $15k?
And continue to do this until paid off?
Richard Whitten Finder
July 26, 2023
Generally you can ask the card provider to decrease the card limit over time.
Jimmay
June 27, 2023
Hi there I’m trying to pay off an American Express credit card and it states “Biller does not accept payment from this type of account.”
Why is this?
Thank you
Sarah Megginson Finder
June 27, 2023
Hi James,
That error message usually comes up when you’re trying to make a payment FROM an Amex account, TO a biller that doesn’t accept Amex payments, so we suggest you double check the details of the payment you’re trying to make.
We’re not affiliated with Amex or Citi (we’re a review site) so you may need to contact them directly for customer support.
Hope this helps!
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dibakar
June 19, 2023
I applied for this card and got approved. My objective was to pay off a personal loan and an outstanding balance on another Credit card. While applying, I provided the details of my daily transaction account and am assuming the money would be credited to that from where i will pay off my personal loan etc. Generally banks allow for CC to CC balance transfer. this sound to be like a loan where by there is no interest for the first 36 months (Ofcourse there is an annula fee of 99$) and a 1% of balance transfer charge. So if i take a 10K balance transfer and pay it off by 36 months, my total cost is 400$ ( 300$ yearly fee + 100$ transfer fee). Am i correct in my assumption ?
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Amy Bradney-George Finder
June 20, 2023
Thanks for your questions and details. In regards to personal loans and balance transfers, Citi is one of the credit card brands in Australia that does allow personal loan balances to be transferred to a credit card. You would typically need to provide details of the personal loan account for the balance transfer to be processed. If you have not provided these details or have questions, contact Citi on 13 24 84.
In regards to balance transfer costs, if you met the requirements and repaid the entire balance transfer within the 36-month introductory period, you would not be charged interest for the balance transfer. So the annual fee and balance transfer fee would be the main charges associated with the balance transfer. Keep in mind that interest-free days would not apply to new purchases made with this card while you’re paying off a balance transfer. I hope that helps.
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Joji
June 03, 2023
Can i balance transfer to my wifes account?
Amy Bradney-George Finder
June 08, 2023
Hi Joji,
Balance transfers typically need to be from accounts held in the same name as the primary cardholder. But you can call Citi on 13 24 84 to discuss options specific to your situation. Finder’s guide on balance transferring someone else’s debt also has more details on different options.
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Jess
January 03, 2024
Can we link this card to ABN for small business use?