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Citi Rewards Credit Card
Citi Rewards Credit Card

Citi Credit Cards

Citi Rewards Credit Card

Updated 5 August 2020

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. No annual fee the first year, $199 p.a. thereafter. Range of complimentary insurance covers.

T&Cs apply. Offer ends 31 August 2020

Purchase Rate (p.a)

21.49%

Balance Transfer (p.a)

0% for 26 months 1.5% balance transfer fee applies.
Reverts to 22.24% p.a.

Annual Fee (p.a)

$0 first year. Then $199 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
  • The Citibank Dining Program offers customers a free bottle of wine every time they dine at partner restaurants. T&Cs apply.
  • Pay no annual fee the first year. $199 annual fee 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 Credit Card

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

The Citi Rewards Credit Card

Filled to the brim with features, the Citi Rewards 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.

What we love...

One of the most appealing aspects of the Citi Rewards Credit Card is the fact that if you are looking for a super long balance transfer offer, you can benefit from 0% p.a. on balance transfers for 26 months. A one off 1.5% balance transfer fee applies. You can balance transfer personal loan as well as credit cards and/or store cards.

Another enticing feature currently on offer is the card’s annual fee. Apply today and you pay $0 annual fee the first year, and then an annual fee of $199 thereafter.

So, what else is on offer in the day-to-day for that $199 annual fee? As the Citi Rewards 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 the balance transfer offer, know that there is a 1.5% balance transfer fee on the 26 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 Credit Card is worth a closer look. Here are some of the features you can benefit from as a cardholder:

  • The Citibank Dining Program. Available to Citi credit and debit card customers, the Citibank Dining Program offers customers a free bottle of wine every time they dine at partner restaurants. T&Cs apply.
  • 24/7 Personal Concierge Service,
  • Access to Mastercard Priceless Cities
  • 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 Credit Card allows you to earn points on the Citi Rewards program while benefitting from an awesome range of features and a long balance transfer introductory offer.

User reviews

Citi Rewards Credit Card ( based on 5 Creditcard.com.au user reviews )

68% rating based on 5 reviews

Rates
Fees
Rewards
Customer Service
Value

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 Citi

Credit limits

Minimum credit limt $6,000

Maximum credit limit $100,000

Fees & repayments

Annual fee $199 p.a.

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

Foreign transaction fee 3.4%

Minimum repayment Whichever is greater: $30; or 2% of Card Balance; or The sum of 1.00% of the Card Balance, Late Payment Fee (if any) and interest charged for that month, plus any Monthly Instalment for that month

Annual fee the first year $0

Cash advance fee 3.5%

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

Extras

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

Overview

Citi Rewards Credit Card

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 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 no annual fee the first year. $199 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 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.

Showing one question (showing the latest 10 Q&As)

mae

mae

31 July 2020
how much credit limit of credit card citi reward or or citi simplicity?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 July 2020
    Citi Rewards up to $100,000 and Simplicity the same. Though no one would get the max limit straight away. Citi will assign your credit limit after accessing your application and based on affordability.

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