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Citi Rewards Platinum Credit Card

24 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. 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 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. 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 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)
88% of customers who have rated this card would recommend it
  • Rates
    67%
  • Fees
    78%
  • Rewards
    82%
  • Customer Service
    83%
  • Value
    78%
Overall user rating 78%
24 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.

384 questions (showing the latest 10 Q&As)

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.
  • 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 30 July 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. 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 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 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 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. 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 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.

384 questions (showing the latest 10 Q&As)

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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