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Citi Rewards Credit Card
Citi Rewards Credit Card

Citi Credit Cards

Citi Rewards Credit Card

Updated 1 April 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. $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 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 $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 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:

  • 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 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 26 Creditcard.com.au user reviews )

77% rating based on 26 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 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 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 $49

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

Free wine with the Citibank Dining Program. 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, 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.

406 questions (showing the latest 10 Q&As)

Jake

Jake

22 March 2020
Hi Roland, I met my minimum spend criteria in the first week of January 2020. Despite having contacted the banks on several occasions, I have not received the bonus Qantas FF points. It has been more than two months. How can I escalate this matter? Would the Ombudsman assist with this? Thank you.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 March 2020
    Hi Jake, its a crazy time for the banks. Citi cards have been removed from market since January for many applications. They are also going through a process of changing from Visa to Mastercard. I cannot remember the terms on that particular offer as it has been removed from market. I would imagine its 12 weeks post spend. I would keep following up with Citi customer service. Its not a credit issue though I would say to customer service that you will go to the ombudsman if you are not satisfied.
Donald

Donald

23 January 2020
How do I talk to someone who can make a decision on my current rates to stop moving to another bank. Stuck in overseas citibank call centres.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 January 2020
    Hi Donald, I hear you. It can be frustrating when you are dealing with overseas call centres. There are some limited branches for Citi if you are near them. Bottom line it will be difficult. If you are not happy with what Citi are offering. Then just dump them and move to another bank. Banks are not loyal to you. You need to choose the best credit card for your needs. This typically means reviewing you card every year and looking at what is out there.
Kate

Kate

5 January 2020
Hi Roland I have two questions... can my husband and I apply for a joint credit card? We would like to consolidate debt with the 26 month balance transfer but one CC is in my husbands name and one is in mine. We then have a personal loan in both names. Are we able to consolidate those 3 loans into a joint Citi CC? I look forward to your response. Kate
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 January 2020
    Hi Kate, no this card is not available for joint applications. A balance transfer can only be between the same legal person. Therefore you and your husband would need to get separate balance transfers to deal with each persons debt. As for the personal loan, if this could be moved into one persons name.
Jo Mitchell

Jo Mitchell

26 December 2019
Hi I am looking to do a balance transfer I have a good credit rating but due to a family member getting cancer I had to pay for numerous bills and treatment so my debt is high I am hoping to reduce this by doing a transfer but do not want to jeopardise my credit score by applying only to find out my application my be declined based on loan servicing as I know each bank has lending criteria etc Are you kindly able to advise as to the best way to approach this... do I try to transfer 2or 3 smaller credit cards or just opt for the card with the biggest debt? How is the lending criteria assessed for this card please? I do not have any late fees etc and all debt is paid every month Just can’t seem to get ahead because of large interest rates Warm regards Jo
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 December 2019
    Hi Jo, applying for credit infrequently will have little impact on your credit rating. If you have not applied for credit in 6 months or more. Then it should be fine. Yes each bank has a way they score applications. This is always changing and they do not disclose this. Make sure you meet any minimum requirements. A balance transfer sounds like a way to go to reduce interest and focus on paying down the debt. Generally, assets v liabilities, income v expenses and your credit history are key for approval. The banks will max out any credit cards you have and look to see if you can repay the debt in 3 years. This will include the new card amount. Best of luck with your application.
Adam Morehouse

Adam Morehouse

21 December 2019
Hi Roland, what is the best card for consolidating my debt and the of my wife's? Citi seems to be a great offer with the longest 0% offer, but I don't think I can consolidate my wife's cc debt onto it. Would love to hear your recommendations. Cheers Adam
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 December 2019
    Hi Adam, a balance transfer needs to be between the same legal person. Therefore you cannot consolidate your wife's debt. She would need to get a balance transfer herself. A long way around could be to get a non-Citi low rate personal loan e.g. https://www.creditworld.com.au/cua-fixed-personal-loans.html. Pay out your wifes debt, thus assuming it in your name. Then look to get the Citi balance transfer offer. Though I would suggest that you space the applications apart. Typically I would recommend only applying for 1 piece of credit every 6 months.
Adam

Adam

13 December 2019
Hi Roland, if I apply for the Citi Rewards Platinum Balance Transfer card, can I transfer my wife's credit card balance to it?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 December 2019
    Hi Adam, a balance transfer must be between the same legal person. Therefore you would not be able to transfer your wifes debt.

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