Citi Clear Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

The Citi Clear Credit Card Review

If you apply for the Citi Clear Credit Card by 29 June 2022, you can take advantage of their extra-long 0% p.a. on balance transfers for 36 months introductory offer. This card has a low variable rate of 14.99% p.a. on purchases and gives you access to benefits including complimentary insurance covers for retail purchases and a number of other Citi and Mastercard perks.

What we love

Citi currently has an enticing introductory offer on its Citi Clear Credit Card, giving new cardholders the opportunity to save big on interest and enjoy exclusive perks and privileges at the same time.

New customers who apply by 29 June 2022 can save with an extra-long 0% introductory interest on balance transfers for 36 months. This offer will allow you to work on paying down any existing credit card balances, clear your debt faster as you pay less in interest. With 36 months to play with, you can create a workable repayment plan, paying off a chunk of your debt each month which you can potentially clear within the introductory period.

What do you need to know? Well, there is no balance transfer fee, which means you can focus on paying down your debt without fees being added into the mix. Citi’s terms state you can transfer up to 80% of your approved credit limit, giving you some leeway on card spending and interest. As with any balance transfer offer, there are no interest-free days on purchases until the balance transfer has been paid off.

What’s not so great...

One factor worth noting here is that if there is a balance remaining at the end of the introductory balance transfer period, it will revert to the card’s cash advance rate of 22.24% p.a. This rate is not low, so you should do all you can to make sure you pay your transferred balance within the first 36 months of having the card.

Why should you choose this card?

Aside from its great introductory offer and features — which we’ll get to in a minute — the card has a reasonable annual fee. Plus, you can add up to four additional cardholders at no extra cost. On top of that, it has a relatively low ongoing purchase rate, which could help you save on interest depending on your balance.

Now to those features.

Compatibility: With the Citi Clear Credit Card, you have the option to sync your card with Apple Pay and Samsung Pay, so you can pay with your device in-store or checkout faster when shopping online.
Complimentary Insurance Cover: You can benefit from complimentary insurance cover on eligible purchases, including Extended Warranty Insurance, Purchase Cover Insurance, Guaranteed Pricing Scheme and Transit Accident Insurance.
Support: You benefit from ongoing monitoring, global fraud protection and Citi Alerts.
Citi Extras: You can take advantage of the Citi PayAll feature which lets you schedule recurring payments for your rent, education fees, childcare, taxes, bills, and more.

As for eligibility, you must be an Australian resident aged 18 or over, with a minimum annual income of $35,000. Other figures worth noting here are the card’s minimum and maximum credit limits, which are $6,000 and $100,000 respectively.

Overall Rating

With the Citi Clear Credit Card, you can take advantage of its awesome introductory rate on balance transfers, paying just 0% p.a. over 36 months as well as access to a range of handy extras, all for a reasonable annual fee and low ongoing purchase rate.