Citi Clear Credit Card

Roland Bleyer

Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.

The Citi Clear Credit Card Review

If you apply for the Citi Clear Credit Card by 31 August 2021, you can take advantage of their introductory offers which includes 0% p.a. on balance transfers for 15 months and a discounted $49 annual fee in the first year. On top of that, you’ll receive $250 cashback and benefit from complimentary extras like insurance cover on retail purchases and a number of other Citi and Mastercard perks.

What we love

Citi currently has three introductory offers on its Citi Clear Credit Card, giving new cardholders the opportunity to save big on interest while earning cashback on eligible spending.

New customers who apply by 31 August 2021 can save with a $0 annual fee for the first year (reverting to $99 p.a. thereafter). Plus, you get $250 cashback when you spend $3,000 within the first 90 days. This will be credited to your account within 16 weeks of meeting the spend criteria.

With 0% introductory interest on balance transfers, you can work on paying down any existing credit card balances, clearing your debt faster as you pay less in interest. With 15 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. This rate is not low, so you should do all you can to make sure you pay your transferred balance within the first 15 months of having the card.

Why should you choose this card?

Aside from its great introductory offers and features — which we’ll get to in a minute — the card has a reasonably low 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 have access to emergency card replacement should you need it, backed by 24/7 customer service if your card is lost or stolen. You also benefit from ongoing monitoring, global fraud protection and Citi Alerts.
Citi Extras: You’ll get a free bottle of wine when you dine at partner restaurants within the Citibank Dining Program. You can also take advantage of the Citi PayAll feature which lets you schedule recurring payments for your rent, education fees, childcare, taxes, bills and more.
Global Perks: With Citi World Privileges, you can take advantage of shopping deals, travel upgrades and more. And with Mastercard Priceless Cities, you’ll be able to take part in unforgettable experiences around the world.

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 15 months. The card also provides access to a range of handy extras, all for a low annual fee and ongoing purchase rate.