Citibank Clear Platinum Visa Credit Card Review – Best value for your money
Posted May 27th, 2009
and last modified January 13th, 2010To be frank, there are a lot of sub-par offers in the Australian credit card market. Any credit card will help give you access to credit, online purchases and generally get you from A to B.
In order to really get the best financial value from a credit card, factors such as interest rates, benefits and fees need to be taken into account when comparing credit cards.
What Makes the Citibank Clear Platinum Visa Credit Card so Valuable?
As far as credit cards go, each different credit card tends to fit a ‘category’ or ‘type’ with it’s own individual stereotypical features. For instance, you’ll find that in most cases, credit cards with:
- Reward programs will have a catch of high interest rates and above average annual fees.
- Low interest rates will have a lack of rewards and benefits.
- No annual fees will have a lack of interest free days, lack of benefits and high interest rates.
Much like the Virgin credit card did when it was first introduced into Australia, the beauty of Citibank’s Clear Platinum is it steps outside of the mould. The Citibank Platinum is unique as it offers:
- A low interest rate of 11.49% p.a.
- A 0.99% p.a. for 6 months balance transfer & 11.49% interest on purchases offer.
- A modest $49 (First Year, Save $50) annual fee.
- Free international travel insurance.
- 25% off selected shopping and entertainment discounts with ‘Citibank World Privileges‘.
- In essence, it’s a credit card with a low interest rate, competitive annual fee and benefits in the form of insurance and discounts.
The Pros and Cons of the Citibank Clear Platinum
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Pros:
- A solid low interest rate credit card, at 11.49% p.a. it’s currently one of the lowest rates on the market.
- Instant discounts are handy and can even add up to savings which can compensate for the card’s $49 (First Year, Save $50) annual fee.
- Free international travel insurance for you and your family – save the hassle of organizing insurance externally knowing it’s automatically covered by your Clear Platinum.
- It’s payment processor is Visa, which is accepted at over 24,000,000 retailers and places worldwide.
- You can enjoy the pride and status associated with a ‘Platinum’ credit card.
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Cons:
- If you don’t plan to take advantage of it’s benefits, such as the travel insurance and instant discounts, you’re essentially paying $30 more in your annual fee when you could be settling for another ‘no-frills’ low rate credit card.
- Free international travel insurance for you and your family – save the hassle of organizing insurance externally knowing it’s automatically covered by your Clear Platinum.
- Minimum annual earning requirement of $50,000 in order for application approval.
Where can I find terms and conditions and access an online application from Citibank.com.au?
To find out more about the Citibank Clear Platinum card offer, click through blow to be securely redirected to the Citibank product landing page.
Related posts:
- Citibank Clear Platinum Credit Card – 11.49% on purchases and 0.99% balance transfers
- Citibank Clear Platinum Visa Card – Details & Application
- Citibank Clear Platinum
- Citibank Credit Cards offer clear customer benefits
- Citibank Clear Card Review
- Citibank Visa Credit Cards
- Citibank Clear Credit Card – 2.9% balance transfer for 6 months
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