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Citi Rewards Credit Card – Balance Transfer Offer
Citi Rewards Credit Card – Balance Transfer Offer

Citi Credit Cards

Citi Rewards Credit Card – Balance Transfer Offer

Updated 24 February 2021

Longest 0% balance transfer in market @ 30 months. You can transfer from non-Citi issued personal loans (including car loans), credit cards and/or store cards. Great for consolidating debts into one monthly interest free payment. $49 annual fee the first year, $149 p.a. thereafter. Range of complimentary insurance covers.

T&Cs apply. Offer ends 30 June 2021

Purchase Rate (p.a)


Balance Transfer (p.a)

0% for 30 months No balance transfer fee.
Reverts to 22.24% p.a.

Annual Fee (p.a)

$49 first year. Then $149 p.a.

$0 over 30 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • A long 0% balance transfer offer for 30 months. Reverts to Cash Advance rate. Please note, no interest free days apply to retail purchases while you have a balance transfer
  • Balance transfer personal loan as well as credit cards and/or store cards
  • High credit limit of up to $100,000
  • Earn 1 point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period)
  • Complimentary insurance covers
  • The Citibank Dining Program offers customers a free bottle of wine every time they dine at partner restaurants. T&Cs apply.
  • $49 annual fee the first year. $149 annual fee thereafter
  • Eligible with Apple Pay and Samsung Pay

  • High purchase rate of 21.49% p.a.
  • Additional card holder fee of $90
  • Points cap on eligible Domestic Spend – up to $10,000 per statement period review

Editor Review

Citi Rewards Credit Card – Balance Transfer Offer

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of about this card.

The Citi Rewards Credit Card Review (Balance Transfer)

  • 0% p.a. for 30 months on balance transfers
  • No balance transfer fee applies
  • $49 annual fee for the first year
  • Earn 1 Citi reward Point per $1 on Citi Card
  • Earn 2 Citi reward Points per $1 on linked Diners Club Card
  • Suite of complimentary insurances
  • Free bottle of wine when dining at Citibank Dining Program partner restaurants. T&Cs apply.
  • Exclusive perks from Mastercard Priceless Cities and Citi World Privileges
  • Personal concierge service
  • Compatibility with Apple Pay and Samsung Pay
  • Annual Fee: $49 for the first year ($149 p.a. ongoing)
  • Additional Cardholder Fee: $90
  • Purchase Rate: 21.49% p.a.
  • Cash Advance Rate: 22.24% p.a.

This Card: The Lowdown

Offering one of the longest balance transfers in the market, the Citi Rewards Credit Card is the card to apply for if you’re looking to pay down debt. How long is the offer exactly? As a new cardholder, you can benefit from 30 months – yes, that’s two and a half years – paying zero interest on your transferred balance, giving you the time you need to pay it down completely.

Want to save even more money? This card has you covered. As part of this very appealing introductory offer, you will a reduced annual fee in the first year. This not only lets you put more aside to pay off your transferred balance, it essentially lets you ‘test drive’ the card at a reduced rate for a whole year.

That means every single reward point you earn, and every perk you use, comes at zero cost to you. So, what’s the go with the perks then? Aside from being a rewards earner, the Citi Rewards Credit Card has a nice selection of perks on the table, providing access to a full suite of insurance covers, a personal concierge service, and a heap of Citi perks. Did somebody say free wine?

Obviously, the card will work best for cardholders who want to pay down an existing credit card balance, while still having the means to pay off new spending month by month. It is a rewards card after all. But, with a bit of organisation knowhow, this card could easily be a winner, providing the opportunity to save big on interest over a seriously long intro period.


Digging Deeper

With the basics covered, it’s time to dig a little deeper into what’s on offer with the Citi Rewards Credit Card, so you can decide whether this card is right for you.

Balance Transfer Offer

As one of the longest 0% balance transfer offers we can remember coming across, this certainly is one special intro offer. So, why would you want such a long offer?

  • You have a significant balance you want to pay down: Whether you have one big balance or a number of smaller ones, it all adds up to one thing: you have a large lump of debt. Using this intro offer, you will have 30 long months to clear that debt, allowing you to get rid of it once and for all.
  • You want to save on interest: Carrying a balance on a credit card means paying out interest, every single month. With a 0% offer such as this, you pay no interest on your transferred balance. So, as you pay less in interest, you pay off more of what you owe.
  • You want to spring clean your finances: Want to streamline your wallet? With this offer, you can transfer the balances from your non-Citi cards, to then close them and focus your attentions on your Citi Rewards card.

Well then, what do you need to know about the offer to make it work for you? While you should always read the small print before you take advantage of any intro offer, here are some of the highlights that we deem essential reading.

  • Your total balance transfers may not exceed 80% of your approved credit limit. Be sure to take this into account when deciding which balances to transfer.
  • Balances can only be transferred from non-Citi credit cards.
  • The introductory 0% p.a. interest rate applies only to balances transferred at the point of application. Any balances transferred after that will not receive the introductory rate.
  • The 30-month introductory period begins when the balance transfer is processed.
  • No interest free days apply to purchases while you have a balance transfer.
  • If you don’t pay off your transferred balance within the introductory period, the remaining balance will revert to the card’s cash advance rate.
  • This offer is valid until 30 June 2021.
TIP: Make the most of the offer by working out how much you will need to repay each month to clear your transferred balance within 30 months, and then set up an automatic monthly payment. Be aware of any new spending, and be sure to pay it off on a regular basis to avoid interest accruing.


Annual Fee Offer

Complementing the card’s 0% balance transfer offer, Citi has reduced the annual fee on the Citi Rewards Credit Card to $49 in the first year. This has a few major benefits.

  • You are paying less in annual fees, so you can pay down more of your transferred balance.
  • You can try the card on for size, while paying zero annual fees for the privilege.
  • You can make the most of the extras on offer, allowing you to see whether they will work well for you.
  • Your rewards earn offers significantly more value in the first year.
  • You can decide if the card provides value long term, before the standard annual fee kicks in.


This Card: As a Rewards Card

Looking past the offer, let’s see how this card operates as a rewards earner.

Using the Citi Rewards Credit Card, you will earn points on Citibank’s own Citi Rewards program. As a fairly flexible option, the program provides a wide range of redemption options, while also allowing cardholders to transfer their points to partner programs such as Emirates Skywards, Singapore Airlines KrisFlyer and flybuys.

Earning Points

  • Earn 1 Citi reward Point per $1 on all eligible transactions made overseas or online with a merchant that is based overseas
  • Earn 1 Citi reward Point per $1 on all eligible transactions in Australia (up to $10,000 per statement period)
  • Earn 1 Citi reward Point per $1 on all eligible transactions using Citi PayAll
  • Earn 2 Citi reward Points per $1 on all eligible transactions made using the Linked Diners Club Card

As you can see from the above earn rate, points are capped at a monthly spend of $10,000 on spending within Australia. While this may not be ideal for bigger spenders, you may still be able to enjoy value by adding to your points total with overseas spending, and purchases made using your linked Diners Club Card.

Diners Club Card

How does the linked Diners Club Card work then?

  • When you use your Diners card, you will benefit from an uncapped earn rate of 2 Citi reward Points per $1 on all eligible transactions.
  • There are no international transaction fees, reducing your outgoings when spending online or in person at overseas retailers.
  • While acceptance may not be across the board, your Diners Club Card will be accepted in more places than you may think, including Coles, Woolworths, Bunnings, and a wide range of other retailers both here in Australia and overseas (check out the Citi site for a full list).
  • As the two cards are linked, all points earned are held within one balance, which can be managed online.

Redeeming Points

Time to redeem those points? You have a number of options open to you.
Pay with Points: When you Pay with Points, you decide which eligible purchases you have made that you want to cover using your points. This essentially allows you to redeem your points against almost anything.

Shop with Points: Allowing you to use your points to shop directly with participating retailers, this is another flexible option. Currently, you can shop direct at Kogan and Apple, with the option to use Points Plus Pay at Apple if you don’t have enough points to cover your purchase.

Travel: As travel starts to open up again, you can start planning your next adventure, using the Citi Travel Portal to redeem your Citi reward Points for flights, hotels, car hire and activities, or to create your own itinerary. You can make up the remaining balance with your card if you don’t have enough points to cover the cost of your booking.

Transfer: Providing even more flexibility, you have the option to transfer your Citi reward Points to Citi’s partner programs, which include Emirates Skywards, Singapore Airlines KrisFlyer, flybuys and more.

Transferring your points to another program obviously opens your options even further, giving you the opportunity to redeem your points for any of the rewards on offer within those programs. For example, transferring your points to flybuys could give you money off your Coles shop, helping to reduce your household expenses day to day.


This Card: Extras on Offer

Citi credit cards are well known for their perks. So, what can you expect in terms of extras on your Citi Rewards Credit Card?

Complimentary Insurances

Providing access to a full suite of complimentary insurances, the Citi Rewards Credit Card could offer some much-needed peace of mind on your purchases. Cover includes:

  • International Travel Insurance: When you purchase your flights with your card, you and your family could benefit from International Travel Insurance when travelling overseas, with cover offered on medical expenses, loss or theft of personal items, unexpected trip cancellation and more.
  • Transit Accident Insurance: Purchase your overseas travel tickets with your card, and you and your family may be covered for up to $500,000 for injuries sustained while travelling.
  • Purchase Cover Insurance: Eligible items purchased on the card receive 90 days cover against loss, theft or accidental damage anywhere in the world.
  • Extended Warranty Insurance: Eligible purchases will receive up to a maximum of 12 months from the manufacturer's warranty, to cover the cost of repairing or replacing the item.
  • Guaranteed Pricing Scheme: Purchase an eligible item on the card, and get the best price if, within 60 days of the purchase, it’s available for a lower price from a store within 25km.
TIP: Always read the small print within the PDS before you rely on credit card insurance.


Citibank Dining Program

When you dine at any of the partner restaurants within the Citibank Dining Program and pay using your card, you will receive a free bottle of wine to enjoy with your meal.

Global Perks

With the Citi Rewards Credit Card, you will have access to Mastercard Priceless Cities and Citi World Privileges, where you can take advantage of exclusive offers and discounts at home in Australia, and overseas.

Personal Concierge

Ever wondered what it would be like to have a personal assistant? With access to a personal concierge service, you can have the next best thing. Available 24 hours a day, 7 days a week, your personal concierge is on hand to help with everything from booking travel to gift buying, no matter where you happen to be in the world.


With the Citi Rewards Credit Card, you can make the most of your mobile wallet by syncing your card to Apple Pay or Samsung Pay to enjoy a faster checkout when shopping in person and online. Want contactless? No problem. With this option, you touch nothing but your device when you pay.

Security & Support

As you would expect from a provider with a global presence as large as Citi, the Citi Rewards Credit Card comes with all the service and support you could need. This includes emergency card replacement, round-the-clock customer service and fraud protection.

This Card: The Essentials

Time to get down to it. What will it cost to keep this card in your wallet? In terms of annual fees, you will pay nothing in the first year thanks to the intro offer. From there, it’s $149 per year ongoing. Additional cardholders come at a cost of $90 per year. Is it worth it? It really depends on the value of what you get back from the card in rewards and extras. Do some sums and work it out.

As for interest, the rates on this card are far from low. However, they are pretty standard for rewards cards with extras on the side. You can avoid worrying about interest by clearing your balance each month – to take advantage of up to 55 days interest free on purchases – but be aware this feature isn’t offered while there is a balance transfer on the account.

In terms of other notable numbers, the minimum credit limit is $6,000, while the maximum credit limit is $100,000, based on applicant circumstances. You will need to have a minimum annual income of $35,000 to apply. However, as with any rewards card, bigger spenders will tend to find more value, especially when the standard annual fee comes into play.

Decision Time

If you’re looking for a long 0% balance transfer offer, you would be hard pushed to find a better one than this. With 30 months at 0% p.a., you have two and a half years to put a serious dent in your debt, as you save big on interest. Paying $49 annual fee in the first year provides even more of an incentive to apply, as it essentially allows you to try out the card’s many extras, while earning rewards on a reduced annual fee first year.

User reviews

Citi Rewards Credit Card – Balance Transfer Offer ( based on 5 user reviews )

81% rating based on 5 reviews

Customer Service

Rates and fees

Interest rates

Purchase rate 21.49% p.a.

Cash advance rate 22.24% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 30 months

Balance transfer revert rate 22.24% p.a.

Balance transfer from personal loan Yes

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Citi

Credit limits

Minimum credit limt $6,000

Maximum credit limit $100,000

Fees & repayments

Annual fee $149 p.a.

Additional card holder fee Up to 4 - $90 p.a.

Foreign transaction fee 3.4%

Minimum repayment 2% or $30 whichever is greater

Annual fee the first year $49

Cash advance fee Domestic 3.5% or $3.50 (whichever is greater) ; International $5

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Citibank Rewards Program Citibank Rewards Program

Bonus points N/A

Annual points cap 120,000

Bonus points spend criteria N/A

Earning points with this card

Citi Rewards points 1 point per $1 spent

Points cap per month Capped at $10000 (domestic spend)

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No


Citibank Dining Program offers customers a free bottle of wine every time they dine at partner restaurants. T&Cs apply.

Eligible with Apple Pay and Samsung Pay


Citi Rewards Credit Card – Balance Transfer Offer

The card offers great earning potential with 1 points for each dollar spent on eligible Domestic Spend (up to $10,000 per statement period) and eligible International Spend (uncapped). Points can be redeemed on a wide range of items, including merchandise, travel, and entertainment. When choosing the Citi Rewards card, you will also benefit from complimentary insurances and up to 55 days interest free on purchases.

Key features

  • Balance transfer rate of 0% p.a. for 30 months. Reverts to Cash Advance rate. Please note, no interest free days apply to retail purchases while you have a balance transfer
  • Ability to transfer personal loans, credit card and store card balances
  • Maximum credit limit up to $100,000
  • Balance transfer up to 80% of your approved credit limit
  • $49 annual fee the first year. $149 annual fee thereafter
  • Complimentary International Travel Insurance, Transit Accident Insurance, Purchase Cover Insurance, Extended Warranty Insurance and Guaranteed Pricing Scheme
  • The Citibank Dining Program offers customers a free bottle of wine every time they dine at partner restaurants. T&Cs apply.
  • 1 point per $1 spend on eligible International Spend (uncapped)
  • 1 point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period)

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian resident

  • Minimum income of $35,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

35 questions (showing the latest 10 Q&As)



4 March 2021
Hi i want to apply for a balance transfer card so my partner can transfer her 2 existing credit card debts over to it, is this possible? cheers caritta
    Roland B Bleyer - Founder


    4 March 2021
    Hi Caritta, Citi requires that the balance be in the name of the primary account holder. So unfortunately this is not possible, the account would have to be in your partner's name for them to transfer the debt. Neither NAB or ANZ have this requirement listed, but it would be best to call the bank and enquire before applying for a balance transfer between two peoples' names. I hope that helps.


26 February 2021
Hey, I have been trying to become debt free for a while now but I feel like I'm forever paying large amounts of interest due to being irresponsible when I got my first credit card. I was looking at a balance transfer to citi bank so I can start putting a dent in my actual credit card balance rather then just paying interest. I will not be using this card for new purchases. I don't have the best credit rating though so I'm wondering if I would still be eligible? I don't want to hurt my credit rating anymore by applying and being rejected. Thanks in advance
    Roland B Bleyer - Founder


    26 February 2021
    Hi Steven, unfortunately I can't give you any indication of whether or not you'll be approved. Citi doesn't list a minimum credit score, either. You have to earn at least $35,000 per year, be an Australian resident, hold permanent full-time or part-time employment (or be self employed) and can present the necessary proof of income documents. Given that this is a higher tier card, with a minimum credit limit of $6,000, it is wise to check your credit score before deciding whether or not to apply (checking your credit score does not harm it).


28 January 2021
Whats the best credit card to earn points towards JB hi fi and harvy norman vouchers?


28 January 2021
Hi there, I am looking for a credit card so that i can use it for purchasing some home appliances as well as doing floor board using that credit card. I was wondering if the Citi Credit card with 30 month No Interest could be suitable for me in a way that I could get the card and spend all credit in the first month and get the money back before 30 month. Please advise. Many thanks,
    Roland B Bleyer - Founder


    28 January 2021
    Hi Ramin, as this is a balance transfer, you would need to have the debt in the form of a loan or credit card before applying. Since you are making new purchases. Then a 0% purchase offer card sounds like it would be best. Have a look at the ANZ Platinum. It has 0% for the first 17 months as a special offer. If you cannot pay the debt off in that time. Then you can look to a balance transfer before this intro period expires, subject to credit approval.


19 January 2021
Hi there I'm interested in doing a bank transfer credit card. Do you offer a convenience check option
    Roland B Bleyer - Founder


    19 January 2021
    Hi Alex, yes it is possible to get a cheque to self with the Citi balance transfer.
scott bell

scott bell

18 January 2021
how can I apply for Citi rewards credit card, to do a balance transfer? Have applied of a Amex credit card put put it on hold as Amex does not do the balance transfer facility , Thanks Scott


14 January 2021
Hi Roland, thanks for the reply. Sorry just to clarify the personal loan is in my name and my husbands but I would only apply for the Citi card in my name. Can I still do a balance transfer on the personal loan as it is in my name? Thanks
    Roland B Bleyer - Founder


    14 January 2021
    Hi Lara, this is the problem, as its in both your names. Then you cannot transfer it to a balance transfer card you get yourself. The only way you could do it. Is if you assume the loan debt just in your name. Then transfer it.


13 January 2021
Hi Roland, can you transfer personal loans that are in joint names? For example I want to balance transfer my husband and I's personal loan to Citi. Or does the loan have to solely be in my name? Thank you
    Roland B Bleyer - Founder


    14 January 2021
    Hi Lara, it needs to be just in 1 persons name. Citi have done away with joint applications. A balance transfer must be between the same legal person.
Varun & Kinjal

Varun & Kinjal

12 January 2021
Hi Ronald, We have Credit Card under my wife name of approx 39K in ANZ. We are looking for good offer. Before we progress further and check with our Credit score could you please check internally eligible prior.
    Roland B Bleyer - Founder


    13 January 2021
    Hi Varun and Kinjal, there is no way of knowing if you will get approved until you complete an application. A 39k balance transfer is huge and this would be the best offer for it. A balance transfer must be between the same legal person. Therefore your wife would need to apply by herself to transfer her debt. You will need good credit and affordability will be key based on income / expenses.


8 January 2021
Can you get a credit card in two names? If I want to transfer balance of my credit card and my husband does too can we have a joint card?
    Roland B Bleyer - Founder


    11 January 2021
    Hi Trish, no joint card but your husband could be a secondary card holder. This would get him a card in his name to use. Though would not allow him to do any balance transfer. A balance transfer must be between the same legal person.


7 January 2021
Hello - I have a credit score of about 450. I havent applied for other credit cards recently. I have a high income of over $100,000 AUD/annum. Before I apply can you please advise of my eligibility. many thanks.
    Roland B Bleyer - Founder


    7 January 2021
    Hi Joanne, 450 score is Fair / Average for Equifax and Experian. This will make it hard to get approved based just on this. Though credit score is only 1 factor. Affordability is key. Bottom line, there is no real way to know whether you will get approved before you apply. From Citi - this is what you need to apply online. 15 mins to complete. Earn more than $35,000 a year. Be 18 years or older and an Australian resident. Permanent full-time or part-time employment, or self employed. Have your Proof of income documents handy, such as payslips


4 January 2021
Can I transfer balance transfer amount to bsb and account number instead of credit card...I mean to loan account
    Roland B Bleyer - Founder


    4 January 2021
    Hi Pavan, yes, you can transfer to non-Citi personal loans that would have those details. You can look through provider list and select when applying. If not in the list, you can manually request a cheque to self to make the payment.


24 December 2020
Will i need to attend a branch in person to complete credit card/ loan transfer with CitiBank. Given i live near the border with Queensland (in NSW) and the changing landscape re crossing border due to Covid 19 are there any ways around this if for instance i am approved but border closes before i can attend a branch to sign up.
    Roland B Bleyer - Founder


    24 December 2020
    Hi Isan, there is no need to visit a branch to complete your application. Citi have very few branches in Australia. Everything is designed to be completed online and without a branch visit. Best of luck with your application. We are locked down right now in the northern beaches.


10 December 2020
Can I do the balance transfer to a credit card which is not in my name.?. For example will I be able to transfer to a card which is under my wife’s name.
    Roland B Bleyer - Founder


    11 December 2020
    Hi Jomon, a balance transfer must be between the same legal person. Therefore you cannot balance transfer your wife's credit card debt. She would need to get her own balance transfer. A long way around would be for you to get a low rate personal loan (non-Citi). Pay out your wifes credit card debt (assuming it). Then you could look to do a Citi balance transfer. Risk is if you don't get approved for the balance transfer.


9 December 2020
Hi, can I transfer a Suncorp CC to Citi as a balance transfer? I called Citi and they did say yes but Suncorp cc is issued by Citi group. Thanks
    Roland B Bleyer - Founder


    9 December 2020
    Hi Sam, we had this decision recently with Citi. As we put in different brands they issued, that you then would not be able to balance transfer with Citi. Though as with your call, they corrected us and said that you can transfer brands like Suncorp. This is why we only have that the only bank you can't balance transfer to Citi is Citi. Best of luck with your application. This is a great balance transfer offer.

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