Citi Simplicity Credit Card

Question 1

henrietta

12 November 2019

i applied and was almost instantly declined with a credit card application (citi simplicity card)..could i get some feedback as to why please

Question 2

Roland

Answer

Hi Henrietta, the Citi Simplicity can be a tricky one to get approval for. Citi have pretty much taken it out of market. You would need to speak to Citi direct to helpfully get some understanding for the decision. Are you looking for a no annual fee card? The 28 Degrees may be of interest if you travel or spend overseas on websites.

Question 3

Lucian Anders

8 April 2019

I am looking for a new credit card. The CITA looks attractive. I am retired with my Australian Super my only income. How do I I meet the income requirements?. I am currently with a majos Australian Bank, and the account has been hacked 4 times in the last 9/10 years. It is happening too often. I would like a credit card where i am notified of every transaction for approval.

Question 4

Roland

Answer

Hi Lucian, it can be hard with some banks for them to see your super as income. Citi may be flexible enough as they do see the pension as income also. If you have an accountant they should be able to verify your income also. Does your super income exceed 35k a year? Has it been over 6 months since your last credit application? If yes then it would be worth having a shot if you are happy with this card. I have a Citi card and do receive an alert on my phone each time a transaction occurs.

Question 5

Jan

7 April 2019

I retired several years ago in the UK and recently became an Australian resident. I receive considerably more than the $35k requirement but the majority comes from my UK occupational pension and rental income. This money is paid into a UK bank and transferred at intervals to my Australian account. Are there any banks willing to issue credit cards to people whose income largely comes from overseas?

Question 6

Roland

Answer

Hi Jan, this is a tricky one. I think most AU banks will struggle to connect the 2 parts of your income. If you are keen for this card. I would give it a shot and see how it goes. Citi as the largest credit card issuer in the world may be able to accept your income sources. If you are knocked back. I would wait 6 months before applying again. Though I would look at an AMEX option. They tend to be the most flexible. I like the Qantas Discovery for earning Qantas points.

Question 7

Scott

6 March 2019

I currently have a Visa card in my name with my wife as secondary card holder. We'd like to have a second Visa in her name for estate planning and for convenience. At times we travel overseas individually. It would cause problems if one of us was overseas and the card had to be cancelled due to loss or fraudulent transactions. We're retired with no debt and substantial investment income. Much of the income comes from my member account in our SMSF of which we are both Trustees. We've left my wife's members account in accumulation due to the possible change in how franking credits are dealt with. My wife does have $30k p.a. from investments in her name. In reality as a married couple the income from the pension is split. In terms of Family Law it's considered a joint asset but the banks seem to look at my wife's income in isolation rather than looking at the total household income. They also don't accept there are reasons for structuring pensions and investments to be tax effective. Can you comment on a CC application for a retired couple with investment income from each individual and the SMSF.

Question 8

Roland

Answer

Hi Scott, I know that AMEX can be friendly to SMSF retirees in terms of understanding income. Though minimum income could be a concern. Overall AMEX can look at household income rather than the individual. You can provide both your wifes income and yours when applying for either of you. The right card will depend on the amount you can spend. Review the range of cards available. https://www.creditcard.com.au/american-express-credit-cards/. You could look at a no annual fee Qantas Discovery or Velocity escape depending on what points you would like to earn. Let me know if AMEX does not suit.

Question 9

Donna

31 January 2019

Hi, when I want to access my statements online do you have extra security after logging in to display them and also do you email statements as a pdf needing a password to view?

Question 10

Roland

Answer

Hi Donna, yes on email statements with a password. On extra security, there is nothing more above the standard login and requirement for you to enter a one time pin that expires in 8 mins.

Question 11

SM

18 December 2018

Hi, i wish to apply Citi Clear Platinum Credit Card, i found online some of Application Criteria Earn a Minimum Income of $35,000 p.a. But can you let me clear if this income or more than this income on casual basis contact terms. At this stage i am working as a casual and i have an casual contract as well and my income as per my gross fortnightly around $3500 before tax,, so am i eligible to apply the card i mention here.

Question 12

Roland

Answer

Hi SM, you will just need to prove a minimum income of $35,000 p.a. to apply. At $3,500 a fortnight this is well below. Its no problem that it is casual. If you can provide your last few pay slips plus your previous notice of assessment should be all good on that front. Approval will depend on a range of factors. Reach our credit card application tips.

Question 13

CJ

3 December 2018

I am retired and have a comfortable amount of superannuation which allows me to easily make any pay off the cad each month. Most (all?) of the cards the cards require a regular income. Do you know of any cards that would accept an irregular income. I travel a bit and would also like a card with a travel insurance component and no international conversion fees

Question 14

Roland

Answer

Hi CJ, you need to meet any minimum requirements to apply for a credit card. The major banks tend to be more flexible with income sources. Based on your requirements, check out the ANZ Rewards Travel Adventure credit card. You need to earn from super at least $35k a year. This card is great for travelling. It earns points, has no foreign fees, no foreign cash advance fees, has a great range of insurance with it. Plus the bonus of 40k Velocity points and a return domestic flight a year. The flight alone covers the $225 annual fee.

Question 15

Tim

9 November 2018

Does this card have paywave?

Question 16

Roland

Answer

Hi Tim, yes the Citi Simplicity has Visa Paywave enabled with this credit card. I believe that all Visa credit cards have this functionality built in.

Question 17

Paul

24 October 2018

How many reward points do you receive per dollar spent using this card, thanks

Question 18

Roland

Answer

Hi Paul, there is no rewards program with the Citi Simpliciy. Thus you earn no points per dollar spent.

Question 19

Teresa

10 September 2018

Hi Roland , for all the complimentary insurance and visa front line. Do we have to apply extra for it or it is automatically covered when I purchase from the card

Question 20

Roland

Answer

Hi Teresa, I found this PDF on the Citi credit card website that provides full details of the overseas travel insurance with your Citi Simplicity - https://www.citibank.com.au/global_images/complimentaryinsurance/pdf/AllianzTermsandconditions.pdf. If you check page 21 if provides the full list of eligibility requirements.

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