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Citi Rewards Platinum Credit Card

22 reviews

Apply by 30 November 2019

Citi Rewards Platinum Credit Card

Purchase rate

20.99% p.a.

Balance transfer

0% 26 months
0% Complete (success)
reverts to 21.74% p.a. 1.5% BT fee

Annual fee

$0 first year
0% Complete (success)
then $199

Pros

A long 0% balance transfer offer for 26 months (1.5% BT fee applies). Reverts to Cash Advance rate. No interest free days apply 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 no annual fee the first year ($199 thereafter)

Cons

High purchase rate of 20.99% p.a.

Additional card holder fee of $90

Points cap on eligible Domestic Spend – up to $10,000 per statement period

Citi Rewards Platinum Credit Card

0% balance transfer special offer for 26 months (One off 1.5% BT fee applies and is added onto the transfer). The longest 0% balance transfer in market whereby you can transfer up to 3 personal loans (including car loans), credit cards and/or store cards and pay 0% p.a. for 26 months. This is great for consolidating debts into one monthly interest free payment. Add to this no annual fee the first year. This reverts to an annual fee of $199 from the second year on wards. With credit limits up to $100,000 (depending on customer criteria) you can transfer up to 80% of your approved credit limit.

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. No interest free days apply 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 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)
86% of customers who have rated this card would recommend it
  • Rates
    69%
  • Fees
    81%
  • Rewards
    86%
  • Customer Service
    86%
  • Value
    81%
Overall user rating 81%
22 reviews

86% Visitor

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

Interest Rates
Purchase rate 20.99% p.a.
Cash advance rate 21.74% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 26 months
Balance transfer fee 1.5% one off
Balance transfer revert rate 21.74% p.a.
Balance transfer limit 80% of your approved new credit limit
Balance transfer from personal loan Yes
Banks you can't balance transfer from Bank of Queensland ,Citi ,Coles ,Emirates ,IMB ,Qantas Money ,Suncorp ,Virgin Money
Credit limits
Minimum credit limit $6,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $199 p.a.
Annual fee first year $0
Additional cardholder fee Up to 4 - $90 p.a.
Cash advance fee 3.5%
Foreign transaction fee 3.4%
Minimum repayment 2%
Late payment fee $30
Credit card type Visa
Rewards program
Rewards program Citi Rewards Citi Rewards
Annual points cap 120,000
Bonus points spend criteria N/A
Earning points with this card
Citi points 1 point per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month Capped at $10000 (domestic spend)
Complimentary insurance
Overseas travel insurance yes - up to months
Flight inconvenience insurance No
Transport accident cover Yes
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental vehicle excess cover No
Extras
Free wine with the Citibank Dining Program. T&Cs apply.
Eligible with Apple Pay and Samsung Pay

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 will pay no 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 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.

379 questions (showing the latest 10 Q&As)

Chris

Chris

14 July 2019
HiI currently have 2 credit cards and one personal loan all totaling about $85,000 I earn 120 to 140 a year. I’m looking to put all these into one I make monthly payments to each. One credit car is with Virgin which is backed by Citi can I still do the transferKind regards
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 July 2019
    Hi Chris, you will not be able to transfer Virgin credit card debt to a Citi balance transfer offer. As they are both issued through Citi. Therefore you could look to transfer your loan (if non-Citi) to this offer. Then look outside of Citi issued cards to transfer the Virgin credit card debt. The HSBC Platinum offer is really good right now for that. https://www.creditcard.com.au/hsbc-platinum-credit-card-bt-offer/
Julie

Julie

13 July 2019
If I transfer a personal loan to this credit card can I pay out sooner than the 26 months interest free periods at no extra charge?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 July 2019
    Hi Julie, yes, you can pay it off at anytime without penalty.
Wendy

Wendy

20 June 2019
I want to know if I can opt for 100,000 bonus points but with no annual fee for first year? It's not quite showing on the application page. Thanks
Jamie

Jamie

18 June 2019
I am currently in a debt 9 agreement been in over 2 years due to a nasty divorce after a card to rebuild my credit score
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2019
    Hi Jamie, in a current debt 9 agreement, it is very unlikely you can get approved for a credit card. Unlike some other countries, there are no bad credit, credit cards in Australia. I suggest that you slowly rebuild your credit starting at the bottom. This can be a mobile phone plan etc. Then move into a secured personal loan (as small as you can). Then into unsecured lending. For more information on how your Debt 9 can affect you - https://www.afsa.gov.au/insolvency/cant-pay-my-debts/consequences-debt-agreement
Rosa Gutierrez

Rosa Gutierrez

11 June 2019
I have a GEM credit card of $10K which i would like to apply for 0% pa for 26 months balance transfer. how do i know if i qualify?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 June 2019
    Hi Rosa, these are the minimum criteria to apply. Around 15 minutes to complete the application. Earn more than $35,000 per year. Be 18 years or older and an Australian resident. If you meet these then you are good to give it a go. Have a read through our credit card application tips.
Jane

Jane

10 June 2019
Hi. I am looking into consolidation of debt and wonder if I can consolidate the two personal loans into this CC option? One PL is in my name, the other one is in joint mine and my husbands name. Can you please confirm? thanks in advance.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 June 2019
    Hi Jane, you would not be able to transfer the joint loan. A balance transfer must be between the same legal person. You could transfer the personal loan in your name. Citi do not offer joint applications on their credit cards so this is not an option. If you could get another personal loan. Then transfer all the loan debt to one person. Then it could be possible, subject to credit approval.
Adam

Adam

18 May 2019
Hi is there a minimum monthly spend on a balance transfer card or can I just enjoy the savings and not use the card for the interest free period
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 May 2019
    Hi Adam, there is no minimum monthly spend requirement for a balance transfer offer. You will still need to make minimum monthly repayments. Best practice is not to spend whilst a balance transfer is active. This is due to the fact that you get no interest free days on new purchases while you hold a balance.
Lincoln

Lincoln

26 April 2019
Hi i changed my name legally about a year and a half ago aswell as my gender and i have a credit card in my old name and am wanting to transfer the balance of that onto a new card with you guys. Am i able yo do that or do i have to contact the original credit card company first to change my name?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 April 2019
    Hi Lincoln, a balance transfer must be between the same legal person. I would suggest that you change the name on your current credit card. Then look to apply for a balance transfer. This way the legal name matches. I am sure that Citi would want this for the application. Otherwise you could be declines just for that reason. Best of luck with your application. Have a read through our credit card application tips.
cynthia

cynthia

10 April 2019
hello, for the citi rewards platinum credit card is it possible to do a balance transfer for a car loan?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 April 2019
    Hi Cynthia, yes this is possible as loan as the card loan is not from Citi. You can transfer up to 3 non-Citi personal loans, store or credit cards to this balance transfer offer.
Jeremy

Jeremy

28 March 2019
What is the best credit card for business that supports balance transfer in your view/
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 March 2019
    Hi Jeremy, is the current debt you are looking to transfer in a company name or personal? Business balance transfer offers are very rare. If its personal debt then this Citi Rewards Platinum is a strong offer.
David

David

25 March 2019
Can I get a loan out n transfer the balance to this credit card if I get it and use the money freely?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 March 2019
    Hi David, subject to credit approval this is possible. You could get a non-Citi personal loan. Then you could look to balance transfer that amount to this offer. Though I would suggest waiting 6 months between applying (this is just a guide). The risk also is that you don't get approved for the card. Then you are stuck with paying off the loan. Read our credit card application tips.
Andrew

Andrew

20 March 2019
Hi. I am in business that had a $40k loss last FY, so I am concerned how to show the drawings I take from the business as proof of earnings. Business structure is a company as trustee for a trust. I am a beneficiary of the trust. The last thing I need is to be rejected for a credit card. Any tips on how to find out about this before I apply? Cheers.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 March 2019
    Hi Andrew, its difficult with that corporate structure. What you need is your NOA from the ATO for your personal income. The trust is another entity. Only the income you declare and derive from the trust would likely be counted. Your accountants details will be required. They will need to verify any income that you earn. Looking at Citi. You must provide your two most recent income tax returns or Notices of Assessment, and two of the most recent business/company tax returns or business/company profit and loss statements when applying. Read some of our tips for self employed people here - https://www.creditcard.com.au/creditcardapplicationselfemployed/
Michelle

Michelle

2 March 2019
Hi, was considering this balance transfer card. What are the minimum monthly payments if I transferred approximately $11500. Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 March 2019
    Hi Michelle, minimum repayments are at 2% a month. Therefore if you had a $11,500 balance. That would be around $230 a month.
Scott

Scott

15 January 2019
I have started a business, self employed . Looking for a business account with rewards points or frequent flyer points.
Christy

Christy

8 January 2019
Hello, I have a car loan, credit card and also require further funds to complete a retaining wall reno. Would this product be able to fund this?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 January 2019
    Hi Christy, you can transfer up to 3 non-Citi loans, credit or store cards. That would cover 2 of the requirements. Though for the future funding of a wall. This would not be part of the balance transfer. You need have the debt at the time of application.
Bala

Bala

2 January 2019
can I pay my car loan by this credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 January 2019
    Hi Bala, yes this is possible subject to credit approval. You can transfer non-Citi personal loans to this balance transfer offer.
Jasbir

Jasbir

11 December 2018
Hey just want to know if I applied for balance transfer credit card how many days do I need to pay interest free payment I am confused do I need to pay in 24 months no interest or it’s 44 days after that I need to pay interest thx
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 December 2018
    Hi Jasbir, any amount you successfully balance transfer to this offer will be at 0% for 24 months. On new purchases (with all credit cards), you only receive interest free days if you pay your balance off in full in the previous billing cycle. When a balance transfer is active, you therefore receive no interest free days on new purchases. Best practice is not to spend on a balance transfer credit card. Use another credit card that you pay off in full to make new purchases. This way you can take advantage of the interest free period.
Helen

Helen

28 November 2018
Thanks for the info. About $3500 from Qantas Money Platinum MasterCard
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 November 2018
    Hi Helen, a balance transfer must be between different banks. Citi actually issue the Qantas Money credit cards. Therefore you will need to look outside of a Citi issued credit card for the balance transfer of that debt. The ANZ Low Rate balance transfer offer could work with no balance transfer fee. Additional the Westpac Low Rate would be worth a look.
Helen

Helen

28 November 2018
Hi Roland, I already have a Citibank Platinum Rewards MasterCard, does the balance transfer apply to current holders of cards or new applicants? Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 November 2018
    Hi Helen, this balance transfer offer on the Citi Rewards Platinum is for new cards only. You can give Citi Credit Card Customer Service a call and they may be able to assist you with a balance transfer offer. Though it is likely to not be as good. How much are you looking to transfer and from what card(s)?
  • Be over 18 years old
  • Good credit and 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
Citi Rewards Platinum Credit Card
Citi Rewards Platinum Credit Card

Citi Rewards Platinum Credit Card

Updated 18 June 2019

Apply by 30 November 2019

Purchase Rate (p.a)

20.99%

Balance Transfer (p.a)

0% for 26 months 1.5% BT fee applies. reverts to 21.74% 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. No interest free days apply 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 no annual fee the first year ($199 thereafter)

  • High purchase rate of 20.99% 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

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 will pay no 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 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 ( based on 22 Creditcard.com.au user reviews )

81% rating based on 22 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 20.99% p.a.

Cash advance rate 21.74% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 26 months

Balance transfer revert rate 21.74% 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 $199 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 $0

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 pointsCiti points 1 point per $1 spent

Points cap per month Capped at $10000 (domestic spend)

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance yes

Flight inconvenience insurance No

Transport accident cover Yes

Smartphone screen insurance No

Purchase protection insurance Yes

Extended warranty insurance Yes

Rental vehicle excess cover 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

0% balance transfer special offer for 26 months (One off 1.5% BT fee applies and is added onto the transfer). The longest 0% balance transfer in market whereby you can transfer up to 3 personal loans (including car loans), credit cards and/or store cards and pay 0% p.a. for 26 months. This is great for consolidating debts into one monthly interest free payment. Add to this no annual fee the first year. This reverts to an annual fee of $199 from the second year on wards. With credit limits up to $100,000 (depending on customer criteria) you can transfer up to 80% of your approved credit limit.

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. No interest free days apply 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 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.

379 questions (showing the latest 10 Q&As)

Chris

Chris

14 July 2019
HiI currently have 2 credit cards and one personal loan all totaling about $85,000 I earn 120 to 140 a year. I’m looking to put all these into one I make monthly payments to each. One credit car is with Virgin which is backed by Citi can I still do the transferKind regards
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 July 2019
    Hi Chris, you will not be able to transfer Virgin credit card debt to a Citi balance transfer offer. As they are both issued through Citi. Therefore you could look to transfer your loan (if non-Citi) to this offer. Then look outside of Citi issued cards to transfer the Virgin credit card debt. The HSBC Platinum offer is really good right now for that. https://www.creditcard.com.au/hsbc-platinum-credit-card-bt-offer/
Julie

Julie

13 July 2019
If I transfer a personal loan to this credit card can I pay out sooner than the 26 months interest free periods at no extra charge?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 July 2019
    Hi Julie, yes, you can pay it off at anytime without penalty.
Wendy

Wendy

20 June 2019
I want to know if I can opt for 100,000 bonus points but with no annual fee for first year? It's not quite showing on the application page. Thanks
Jamie

Jamie

18 June 2019
I am currently in a debt 9 agreement been in over 2 years due to a nasty divorce after a card to rebuild my credit score
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2019
    Hi Jamie, in a current debt 9 agreement, it is very unlikely you can get approved for a credit card. Unlike some other countries, there are no bad credit, credit cards in Australia. I suggest that you slowly rebuild your credit starting at the bottom. This can be a mobile phone plan etc. Then move into a secured personal loan (as small as you can). Then into unsecured lending. For more information on how your Debt 9 can affect you - https://www.afsa.gov.au/insolvency/cant-pay-my-debts/consequences-debt-agreement
Rosa Gutierrez

Rosa Gutierrez

11 June 2019
I have a GEM credit card of $10K which i would like to apply for 0% pa for 26 months balance transfer. how do i know if i qualify?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 June 2019
    Hi Rosa, these are the minimum criteria to apply. Around 15 minutes to complete the application. Earn more than $35,000 per year. Be 18 years or older and an Australian resident. If you meet these then you are good to give it a go. Have a read through our credit card application tips.
Jane

Jane

10 June 2019
Hi. I am looking into consolidation of debt and wonder if I can consolidate the two personal loans into this CC option? One PL is in my name, the other one is in joint mine and my husbands name. Can you please confirm? thanks in advance.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 June 2019
    Hi Jane, you would not be able to transfer the joint loan. A balance transfer must be between the same legal person. You could transfer the personal loan in your name. Citi do not offer joint applications on their credit cards so this is not an option. If you could get another personal loan. Then transfer all the loan debt to one person. Then it could be possible, subject to credit approval.
Adam

Adam

18 May 2019
Hi is there a minimum monthly spend on a balance transfer card or can I just enjoy the savings and not use the card for the interest free period
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 May 2019
    Hi Adam, there is no minimum monthly spend requirement for a balance transfer offer. You will still need to make minimum monthly repayments. Best practice is not to spend whilst a balance transfer is active. This is due to the fact that you get no interest free days on new purchases while you hold a balance.
Lincoln

Lincoln

26 April 2019
Hi i changed my name legally about a year and a half ago aswell as my gender and i have a credit card in my old name and am wanting to transfer the balance of that onto a new card with you guys. Am i able yo do that or do i have to contact the original credit card company first to change my name?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 April 2019
    Hi Lincoln, a balance transfer must be between the same legal person. I would suggest that you change the name on your current credit card. Then look to apply for a balance transfer. This way the legal name matches. I am sure that Citi would want this for the application. Otherwise you could be declines just for that reason. Best of luck with your application. Have a read through our credit card application tips.
cynthia

cynthia

10 April 2019
hello, for the citi rewards platinum credit card is it possible to do a balance transfer for a car loan?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 April 2019
    Hi Cynthia, yes this is possible as loan as the card loan is not from Citi. You can transfer up to 3 non-Citi personal loans, store or credit cards to this balance transfer offer.
Jeremy

Jeremy

28 March 2019
What is the best credit card for business that supports balance transfer in your view/
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 March 2019
    Hi Jeremy, is the current debt you are looking to transfer in a company name or personal? Business balance transfer offers are very rare. If its personal debt then this Citi Rewards Platinum is a strong offer.
David

David

25 March 2019
Can I get a loan out n transfer the balance to this credit card if I get it and use the money freely?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 March 2019
    Hi David, subject to credit approval this is possible. You could get a non-Citi personal loan. Then you could look to balance transfer that amount to this offer. Though I would suggest waiting 6 months between applying (this is just a guide). The risk also is that you don't get approved for the card. Then you are stuck with paying off the loan. Read our credit card application tips.
Andrew

Andrew

20 March 2019
Hi. I am in business that had a $40k loss last FY, so I am concerned how to show the drawings I take from the business as proof of earnings. Business structure is a company as trustee for a trust. I am a beneficiary of the trust. The last thing I need is to be rejected for a credit card. Any tips on how to find out about this before I apply? Cheers.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 March 2019
    Hi Andrew, its difficult with that corporate structure. What you need is your NOA from the ATO for your personal income. The trust is another entity. Only the income you declare and derive from the trust would likely be counted. Your accountants details will be required. They will need to verify any income that you earn. Looking at Citi. You must provide your two most recent income tax returns or Notices of Assessment, and two of the most recent business/company tax returns or business/company profit and loss statements when applying. Read some of our tips for self employed people here - https://www.creditcard.com.au/creditcardapplicationselfemployed/
Michelle

Michelle

2 March 2019
Hi, was considering this balance transfer card. What are the minimum monthly payments if I transferred approximately $11500. Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 March 2019
    Hi Michelle, minimum repayments are at 2% a month. Therefore if you had a $11,500 balance. That would be around $230 a month.
Scott

Scott

15 January 2019
I have started a business, self employed . Looking for a business account with rewards points or frequent flyer points.
Christy

Christy

8 January 2019
Hello, I have a car loan, credit card and also require further funds to complete a retaining wall reno. Would this product be able to fund this?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 January 2019
    Hi Christy, you can transfer up to 3 non-Citi loans, credit or store cards. That would cover 2 of the requirements. Though for the future funding of a wall. This would not be part of the balance transfer. You need have the debt at the time of application.
Bala

Bala

2 January 2019
can I pay my car loan by this credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 January 2019
    Hi Bala, yes this is possible subject to credit approval. You can transfer non-Citi personal loans to this balance transfer offer.
Jasbir

Jasbir

11 December 2018
Hey just want to know if I applied for balance transfer credit card how many days do I need to pay interest free payment I am confused do I need to pay in 24 months no interest or it’s 44 days after that I need to pay interest thx
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 December 2018
    Hi Jasbir, any amount you successfully balance transfer to this offer will be at 0% for 24 months. On new purchases (with all credit cards), you only receive interest free days if you pay your balance off in full in the previous billing cycle. When a balance transfer is active, you therefore receive no interest free days on new purchases. Best practice is not to spend on a balance transfer credit card. Use another credit card that you pay off in full to make new purchases. This way you can take advantage of the interest free period.
Helen

Helen

28 November 2018
Thanks for the info. About $3500 from Qantas Money Platinum MasterCard
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 November 2018
    Hi Helen, a balance transfer must be between different banks. Citi actually issue the Qantas Money credit cards. Therefore you will need to look outside of a Citi issued credit card for the balance transfer of that debt. The ANZ Low Rate balance transfer offer could work with no balance transfer fee. Additional the Westpac Low Rate would be worth a look.
Helen

Helen

28 November 2018
Hi Roland, I already have a Citibank Platinum Rewards MasterCard, does the balance transfer apply to current holders of cards or new applicants? Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 November 2018
    Hi Helen, this balance transfer offer on the Citi Rewards Platinum is for new cards only. You can give Citi Credit Card Customer Service a call and they may be able to assist you with a balance transfer offer. Though it is likely to not be as good. How much are you looking to transfer and from what card(s)?

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