Citi Rewards Card – Purchases and Balance Transfer Offer

Question 1

irene melambilin

2 May 2022

if I use my credit card for purchasing groceries is it possible that the payment will be installment???

Question 2

Pauline

Answer

Hi Irene, you can definitely use your credit card for groceries. As for installment payments, I see currently the Citi Rewards credit card offers 0% p.a. both for purchases and balance transfers. This means you can pay at least the minimum amount on or before the due date indicated on the statement to enjoy the interest free period and at the same time pay your balance in installments. If that’s not what you needed you can check out the official guide to Citi Credit Card installment plans.

Question 3

irene melambilin

29 April 2022

can I encash all of my credit limit???how???

Question 4

Pauline

Answer

Hi Irene, could you explain in more detail your question so we can help you further. Thanks!

Question 5

SYED SAAD HAMID

13 April 2022

thank you , which zero interest on purchase card you recommend for overseas travel?

Question 6

Pauline

Answer

Hi Syed, thanks for getting back in touch. Each credit card on the market has its own unique feature; whether it offers rewards, 0% interest, cash back or other perks like no international transaction fees. There’s not many cards on the market that offer 0% purchases on overseas travel. You can find a range of " rel=“noopener noreferrer” target=“_blank”>promotional 0% credit cards to compare and read our review of. If you scroll to the rates and fees section of each review you’ll see a “Rates and Fees” which will show you information on foreign transaction fees. There is a new-ish product to the market called the NAB Straight Up Card, that offers no interest and no foreign currency fees on international purchases, instead you pay a monthly fee if you have used the card in that month. Have a great trip!

Question 7

syed

12 April 2022

does this card have overseas transaction fee i could not find any info on the site?

Question 8

Pauline

Answer

Hi Syed, I checked this for you and see that the Citi Rewards Purchases and Balance Transfer Offer card charges a 3.4% foreign transaction fee.

Question 9

Ross

31 January 2022

Hi team, If a card has: 0% p.a. for 14 months. Reverts to variable retail purchase rate, currently 21.49% p.a. AND Up to 55 days interest-free on retail purchases What actually happens when you make a purchase? Is it 55 days of no interest on the transaction? Or is it 14 months of no interest (as the offer is for 0% interest?

Question 10

Pauline

Answer

Hi Ross, the 0% interest for purchases is the promotional offer of the card. It means that you pay no interest on purchase transactions which starts on the day of card approval until 14 months. To enjoy this interest free period, you need to make sure that you pay at least the minimum amount on or before the due date indicated on your statement monthly. If not, you’ll pay interest on your purchases from the day you make them and you will also lose the benefit of interest-free days for at least the next statement period. When the promotional interest free period ends, it will revert back to the 55 days interest-free. I hope this has helped explain the concept a little more.

Question 11

Sam Richardson

15 November 2021

Hi, are there limitations to what I can purchase using the 0% p.a 14 month purchase rate offer?

Question 12

Pauline

Answer

Hi Sam, the 0% p.a. offer is generally limited to anything you can purchase in retail that is not classified as a “cash transaction” that you can pay for with a credit card. You’ll still need to make the minimum monthly payments during the 14 months. If you’re carrying a balance at the end of the offer, you’ll accrue interest at a rate of 21.49% p.a.(at the time of reply). Hope this has helped.

Question 13

Jenson

14 November 2021

How it will work 0% purchase rate for 14 months if I am eligible for $10000

Question 14

Pauline

Answer

Hi Jenson, I checked on Citi Rewards T&Cs and see that from the promotional rate of 0% p.a. starts on the date your account is approved. This will automatically be applied to your retail purchase balance for a period of 14 months. Keep in mind that you’ll need to make the required payments to keep the promotional rate. Hope this has helped!

Question 15

Ally

1 November 2021

I would like to know if with this City CC I can do a balance transfer from ANZ from a CC my husband is the main account holder and I am the secondary account holder. Many thanks!

Question 16

Pauline

Answer

Hi Ally, if you’re the secondary account holder your husband is taking the responsibility for the debt on your behalf. There is technically no credit card in your name and depending on whether ANZ is in your name, the balance transfer wouldn’t be able to proceed. To transfer a balance from ANZ in your name, you’d need to open a new credit card account to take on that debt. If you’d like to learn more about joint credit card applications, you can check out our guide here. I hope this has helped!

Question 17

Hassan

24 October 2021

I want to know which is best travel card for international travel because most of my family living abroad so i am searching for best travel card My income is more than 75000. So kindly can you tell me which is beast card for overseas travel.

Question 18

Roland

Answer

Hi Hassan, there are a lot of different offers in the market for travelling. Whether you want a frequent flyer card or a no foreign transaction fee card there are choices like the Citi Premier Qantas Credit Card and Qantas American Express Ultimate Credit Card for a points play, or the humm90 Mastercard that has $0 foreign transaction fees on purchases which is handy when you’re on the ground. Whilst we cannot recommend one card over another, you can check on the list of different frequent flyer cards we've curated. Happy and safe travels! .

Question 19

julie baldon

18 September 2021

trying to apply for a cc but not having much luck on your website??! can you help kind regards julie Baldon

Question 20

Roland

Answer

Hi Julie, I’m sorry to hear that. I would suggest checking on this direct link to see if it works. Please note that different cards have different eligibility requirements and I suggest checking them before applying.

Question 21

Lee

2 August 2021

Hi, Would it be possible to do a balance transfer for a personal loan of 30k to the credit card? Also, is there fees for extra payments on top of the minimum monthly payments? Thanks, Lee

Question 22

Roland

Answer

Hi Lee, thanks for your question! We dug into this and can see that there’s only a few credit cards in Australia that allow you to do a balance transfer of personal loans to credit cards and Citi Rewards Credit Card is one. You just need to make sure you meet the credit card application criteria, and request for a balance transfer upon application. You can only transfer a maximum of up to 80% of your approved credit limit. For example, if you are approved with a $37,500 limit, you can transfer up to $30,000. There are no other fees for paying more than the minimum amount.

Question 23

Katherine

20 July 2021

Can i apply for this credit card although im not australian citizen because my visa is just permanent resident not yet citizen. When click put country of citizen is Philippines i cannot go through

Question 24

Roland

Answer

Hi Katherine, thanks for your question! We checked Citi’s eligibility criteria, and you’ll need to be an Australian resident to apply for this card. We’ve compiled a list of cards and banks with their Visa requirements laid out.

Question 25

Adrian

20 June 2021

What do you need as income to show for a credit card

Question 26

Roland

Answer

Hi Adrian, thank you for your question! Upon checking on the Citi Rewards Credit Card – Balance Transfer Offer credit card, you must be able to show at least $35,000 income per year. You’ll need to have copies of your pay slips and evidence of any other income you receive. This could be from rent, superannuation, shares or anything similar. If you’re confident you can satisfy the requirements and are ready to apply, you can click this link.

Question 27

Fernando

20 June 2021

Hi i apply already and I did not recieve the outcome of my application

Question 28

Roland

Answer

Hi Fernando, thanks for writing. I’m sorry to hear that you have not heard back from your application yet. I suggest reaching out to the bank directly on their hotline at 13 24 84, they’re open 24/7, to check the status of your credit card application.

Question 29

[email protected]

15 May 2021

I am a disability pensioner and receiving over $1,100 net per fortnight is there any type of card a suitable for someone like me.

Question 30

Roland

Answer

Hi there, thanks for your question! You can check on our Pensioner Credit Cards page for your card options and to make sure you meet all the eligibility requirements.

Question 31

Kathy

31 March 2021

I am looking at doing a balance transfer for my current credit card which is at $7,500. I note that you can only transfer up to 80% of your current credit limit, does having an excellent credit rating have any bearing on that 80% being higher ?

Question 32

Roland

Answer

Hi Kathy, having an excellent credit rating has no impact on that 80%. What it might impact is how much credit you'll be issued. For example, the minimum credit limit available on this card is $6,000 (so you'd be able to transfer at least $4,800 if you're approved). For you to transfer the full $7,500, you'd need to be approved for a limit of at least $9,375. I hope that helps.

Question 33

Anne

27 March 2021

I am looking to consolodate my credit card debt, I have under 20k across 3 cards and the interest fee's applied every month are making it difficult to make a dint to the balances of all 3. I'm under 30 and in hindsight wasn't mature enough to understand the stress of what debt can do to your life. After tax my yearly income is 100k, I'm looking for a product that will give me the best opportunity to come out of debt this year, Would you say this product would be best suited?

Question 34

Roland

Answer

Hi Anne, $20,000 is a relatively large amount of debt and having it across 3 cards might mean a balance transfer isn't the best option. To transfer $20,000 to this card you'd need to be approved for a credit limit of $25,000, and given that you've got 3 cards and debt already, that could be difficult. You might be able to transfer a partial amount, but then you'd still have 2-3 cards to manage. Have you looked at Debt Consolidation Personal Loans? You'll pay a higher rate of interest than a 0% balance transfer offer, however, likely lower than your combined credit cards, the credit available is higher and you'd have longer to pay it off. The National Debt Helpline is a great resource to talk about your personal situation and they'll be able to answer all of your questions — 1800 007 007. I'd give them a call before applying for any new credit options. I hope that helps.

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