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Citi Rewards Platinum Credit Card Balance Transfer
Citi Rewards Platinum Credit Card Balance Transfer

Citi Credit Cards

Citi Rewards Platinum Credit Card Balance Transfer

Updated 28 November 2019

Longest 0% balance transfer in market @ 26 months. You can transfer up to 3 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 sweetens the deal. Range of insurance covers and a free bottle of wine when dining at Citibank's dining partner restaurants.

T&Cs apply. Offer ends 28 May 2020

Purchase Rate (p.a)

21.49%

Balance Transfer (p.a)

0% for 26 months 1.5% BT fee applies. reverts to 22.24% p.a.

Annual Fee (p.a)

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

$0 over 26 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • A long 0% balance transfer offer for 26 months (1.5% BT fee applies). 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
  • Free bottle of wine when dining at Citibank's dining partner restaurants. T&Cs apply.
  • Pay $49 annual fee the first year ($149 thereafter)

  • 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

Creditcard.com.au review

Editor Review

Citi Rewards Platinum Credit Card Balance Transfer

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

The Citi Rewards Platinum Credit Card

Filled to the brim with features, the Citi Rewards Platinum Credit Card allows you to earn rewards on domestic and international spending, making it the perfect choice for frequent travellers. As a new cardholder, you can also take advantage of 0% p.a. on balance transfers for 26 months OR 100,000 bonus Citi Reward Points, plus 0% p.a. on balance transfers for 15 months.

What we love...

One of the most appealing aspects of the Citi Rewards Platinum Credit Card is the fact that is has two introductory offers on the table. If you are looking for a super long balance transfer offer, you can benefit from 0% p.a. on balance transfers for 26 months, or if you’re more interested in rewards, you can opt for the bonus points and balance transfer offer combo.

With this offer, you can take home 100,000 bonus Citi Reward Points when you spend $3,000 in the first 90 days from account approval, while also benefiting from 15 months interest free on balance transfers. Once you’ve made that eligible spend, the bonus points will be credited to your account within six to eight weeks, and can then be spent as you like.

Another enticing feature currently on offer is the card’s annual fee. Apply today and you pay $49 annual fee the first year, and then an annual fee of $149 thereafter.

So, what else is on offer in the day-to-day for that annual fee? As the Citi Rewards Platinum Credit Card is a rewards card, you can obviously earn points on your credit card spend. But, if you are unfamiliar with the Citi Rewards program, you may need to do some digging to find out more about how the program works. In terms of earn structure, you will earn:

  • 1 Point per $1 spent on eligible domestic purchases (up to $10, 000 per statement period)
  • 1 Point per $1 spent on eligible international purchases (no cap)

Points earned can be redeemed within the Citi Rewards Store for gift cards, flights, products and more, or you could choose to convert them into frequent flyer miles, on a range of airlines that include Emirates Skywards, Velocity Frequent Flyer and Singapore Airlines KrisFlyer. Another option is to use Pay with Points, which allows you to use your Points to pay for anything from your daily coffee to a monthly spree, to then receive a statement credit for that spend.

What’s not so great...

Now to the small print. If you take advantage of either balance transfer offer, know that there is a 1.5% balance transfer fee on the 26 month offer, and a 1% balance transfer fee on the 15 month offer. Any transferred balance left unpaid at the end of either offer will revert to the cash advance rate, plus, you will not receive any interest free days until the balance transfer is paid off.

Interest applied to purchases and cash advances is relatively high, so try to avoid interest accruing whenever possible. It’s also worth noting that while the primary cardholder’s annual fee is reduced, there is a substantial annual fee for additional cardholders, should you choose to add any to your account.

Why should you choose this card?

If you’re looking for a rewards card that provides a fantastic range of platinum perks, the Citi Rewards Platinum Credit Card is worth a closer look. Here are some of the features you can benefit from as a cardholder:

  • Receive a complimentary bottle of wine as part of the Citibank Dining Program every time you dine at hundreds of partner restaurants and pay with your card, T&Cs apply.
  • 24/7 Personal Concierge Service,
  • Access to advance release tickets with Visa Front Line,
  • Peace of mind, with cover that includes International Travel Insurance, Purchase Cover Insurance and Extended Warranty Insurance,
  • Global rewards, with a range of exclusive offers on dining, shopping and local experiences, available at home and around the world.

Overall Rating

A seriously rewarding rewards card, the Citi Rewards Platinum Credit Card allows you to earn points on the Citi Rewards program while benefitting from an awesome range of features and the choice of two introductory offers.

User reviews

Citi Rewards Platinum Credit Card Balance Transfer ( based on 24 Creditcard.com.au user reviews )

78% rating based on 24 reviews

Rates
Fees
Rewards
Customer Service
Value
86%

Creditcard.com.au Visitor

21 October 2015

With a car loan and two other credit cards with debt on them - this offer worked out really well as I could move them all over to this one card.

Recommends this card

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 26 months

Balance transfer revert rate 22.24% p.a.

Balance transfer from personal loan Yes

Balance transfer fee 1.5% one off

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Bank of Queensland, Citi, Coles, Emirates, IMB, Qantas Money, Suncorp, Virgin Money

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%

Annual fee the first year $49

Cash advance fee 3.5%

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Citi Rewards Citi Rewards

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

Extras

Free wine with the Citibank Dining Program. T&Cs apply.

Eligible with Apple Pay and Samsung Pay

Overview

Citi Rewards Platinum Credit Card Balance Transfer

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 Platinum card, you will also benefit from complimentary insurances, up to 55 days interest free on purchases, and a free bottle of award-winning wine each time you dine at one of the restaurants included in Citi’s Dining Program. T&Cs apply.

Key features

  • Balance transfer rate of 0% p.a. for 26 months with a 1.5% balance transfer fee. 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
  • Pay $49 annual fee the first year ($149 thereafter)
  • Complimentary International Travel Insurance, Transit Accident Insurance, Purchase Cover Insurance, Extended Warranty Insurance and Guaranteed Pricing Scheme
  • Free bottle of wine when dining at Citibank's dining 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 Creditcard.com.au 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.

397 questions (showing the latest 10 Q&As)

Kim

Kim

6 December 2019
Hi. I have a personal loan through Latitude, of approximately $3,300. I have always paid more than the minimum repayment amount ($105 pm), however I was very disheartened to discover that over the past 19 months, only approximately $400 has been paid off my personal loan balance - all the remainder has gone to interest and fees. This is ridiculous and I don't see me paying off the personal loan any time soon, even with the extra repayments. Making my current repayments to this credit card would allow me to pay off $2300 off this debt in just 22 months. Unfortunately I earn under $35,000 (approx $28000 + pa). Is there another 0% interest credit card that would allow me to transfer my personal loan that is available with my amount of income?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 December 2019
    Hi Kim, any Citi issued credit card could work. I have hunted around but all of them require a minimum of 35k to apply. Citi issue Virgin card and some others. I'm sorry, you will need to boost your income before you can apply for a balance transfer like this. Not sure what rate is on the current personal loan. Though most of the interest comes out first - thats how they get you. Then later its all principal. Have a look at your loan schedule. See when you really start hitting it down. There should be a fixed period. So there will be light at the end of the tunnel. Just keep paying it off on time and stay in good credit. If you income increases then look at a balance transfer.
Viv

Viv

3 December 2019
I am renovating my place and I want to balance transfer from same credit card upto 3 times since I have not paid for everything yet. I dont want to incur interest until I make full payments until January. is it possible I can balance transfer on Citi card from one credit card multiple times within a span of one month?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 December 2019
    Hi Viv, you cannot do this. Maybe a 0% purchase offer would be then more of what you are after. With this balance transfer, you need to have the debt at the time of application. Therefore a balance transfer offer is not suitable for your purpose. If you get a 0% purchase card. Then you can make the purchases on it and pay 0% for certain period of time. Subject to credit approval you could look to transfer that 0% purchase interest before it reverts to the higher interest rate.
Viv

Viv

2 December 2019
Can I transfer upto 3 times from same credit card until end of January if I apply this card today?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 December 2019
    Hi Viv, no you cannot. You can only balance transfer at the time of application for this offer. Therefore when you apply you need to put in all the details for the cards or loans you wish to transfer. When approved, Citi will make agreed payments on your behalf off those debts.
Mendho

Mendho

26 November 2019
Hi there, is this balance transfer offer can pay off personal loan debt as well.. Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 November 2019
    Hi Mendho, yes it is. You can transfer non-Citi loans as well as store or credit cards to this balance transfer.
Gavin

Gavin

11 November 2019
Hi Roland, Recently started with a new employer and 1 month in. What is the minimum accepted tenure with employer for the Citi card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 November 2019
    Hi Gavin, I would suggest at least 6 months employment before applying. This would be across the board, inc Citi.
Adam

Adam

5 November 2019
for the citibank card what income do they generally require to give a credit limit of $20k?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 November 2019
    Hi Adam, its more income v expenses, assets v liabilities and your credit history that will determine your credit limit. So its not a clear answer. Your credit limit will be assigned at the time of application. There is no way of knowing what it will be before your apply. If you are not happy with the limit provided post approval. You can query this and cancel the card if they do not give your desired limit.
Adam

Adam

5 November 2019
Hi Rolan can I balance transfer from my wife's card to this card if an application is successful?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 November 2019
    Hi Adam, a balance transfer must be between the same legal person. Therefore you would not be able to transfer yours wifes debt. A long way around would be for you to take out a non-Citi personal loan. Then pay your wifes debt with that, basically assuming her debt in your name. Then look to do a Citi balance transfer for the personal loan debt.
Christina

Christina

31 October 2019
What would the repayments be on the Rewards Platinum Card for balance transfer. How is it worked out?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 October 2019
    Hi Christina, minimum repayments are required at all times. On this card that is 2% of the balance. Therefore if you had a 10k balance transfer active. Then just paid the minimum, it would work out at $200 a month. Though I would suggest putting a plan in place to pay the debt off in full. That is making payments around 4% a month to ensure that the balance transfer is paid off within the 0% period.
Daniel Kalisperis

Daniel Kalisperis

29 October 2019
Hi My partner has some credit card debt from Canada, approximately $7,500 CAD. Do you have any products that will allow us to transfer the debt with an interest free pay off period?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 October 2019
    Hi Daniel, you cannot balance transfer overseas credit card debt to an Australian balance transfer offer. A longer way around would be to get a low rate personal loan. Pay off your debt in Canada. Then some months down the track. Look to do a balance transfer to a Citi offer. Citi are the only issuer in Australia that will accept personal loans as part or all of the transfer. The low rate personal loan would make sense if the rate of interest you can paying in Canada on the card is higher.
Tim

Tim

6 September 2019
Hello Looking for a credit card balance transfer so I can move my non Citibank debt over to Citibank, can u help?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 September 2019
    Hi Tim, what do you need help with? This all sounds possible. To apply, you need to be over 18 years old. Have a good credit and not applied for multiple credit cards recently. Be an Australian resident with a minimum income of $35,000 p.a. Have your personal details ready to complete the online application. Have a read through our credit card application tips. If all sounding good then you can apply using this link on the Citi website.
Wendy

Wendy

27 August 2019
Am I able to take out an interest free balance transfer to consolidate some loans that are not in my name?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 August 2019
    Hi Wendy, no, a balance transfer must be between the same legal person. You could look to get a low rate personal loan (non-Citi) e.g. https://www.creditworld.com.au/cua-fixed-personal-loans.html. Pay off the debts of the other person. Thus taking on the debt yourself. Then look at doing a balance transfer to this Citi offer, subject to credit approval. I would wait some time between the loan application and then the balance transfer.
Harsha

Harsha

20 August 2019
Hello, I have two questions 1. I am a velocity frequent flyer and used to have a Amex velocity card which i have cancelled a couple of months back. Now i am looking for a credit card that gives me the flexibility to earn reward points, balance trasnfer a personal loan of around 7500 AUD for 0% interest rate for 12 months and also for my regular monthly shopping? Could you please let me know if Citi Rewards Platinum credit card will be beneficial? Also i will be applying for a home loan in couple of months so this should also improve my credit history. Thank you !!
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 August 2019
    Hi Harsha, only Citi issued credit cards will accept non-Citi personal loan debt. Therefore as you need to do the transfer then you have to look at Citi issued cards. Virgin credit cards are issued through Citi. Therefore have a look at these 2 flyer options. Virgin Flyer with up to 75k bonus points + also the Virgin Flyer with reduced annual fee. Both have a great balance transfer offer of 0% for 18 months with no balance transfer fee. Both earn Velocity points and have a lower annual fee than the Citi Platinum.
David

David

18 August 2019
I am considering the Kogan.com partner offer to take advantage of the $400 cashback offer on getting a new citi rewards platnum credit card. Are there any hidden catches? If I dont like the card can I cancel it within the first 12 months and still be eligible to get the cashback offer within the first 90 days?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 August 2019
    Hi David, I am not familiar with the Kogan.com special offer. I would read through all the t+c's and review all the offers in market. The Kogan.com offer may lack other features. Though $400 cashback does sound like a win.
Maria

Maria

13 August 2019
Hi, I have one personal loan and 2 credit cards, Would I be able to transfer them all if apply for this 26 months 0% interest credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 August 2019
    Hi Maria, as long as they are all non-Citi, then yes. You can transfer up to 3 non-Citi personal loans, store or credit cards to this offer. Best of luck with your application.
Leanne

Leanne

30 July 2019
I entered all my details for zero balance cc but could not go past document upload. No email recieved
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 July 2019
    Hi Leanne, so the application was not completed? Have a look here: https://www.citibank.com.au/global_docs/check_app_status.htm. If you have a 17 digit Reference ID, then you can continue. There is also a link to submit your supporting documentation which sounds like the stage you are at. Best of luck with your application.
Nancy

Nancy

22 July 2019
Can you please tell me how many credit cards you can balance transfer over?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 July 2019
    Hi Nancy, up to 3 non-Citi issued credit cards. This is great for debt consolidation.
melanie

melanie

17 July 2019
Hi there, I would like to apply for a credit card and do a balance transfer from my Amex. Is that accepted?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 July 2019
    Hi Melanie, yes you can transfer AMEX credit card debt to this Citi balance transfer offer. Best of luck with your application.

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