- 0% p.a. on balance transfers for 14 months, no balance transfer fee applies. Reverts to cash advance rate
- 0% p.a. for 14 months. Reverts to variable retail purchase rate, currently 21.49% p.a.
- Reduced annual fee of $49 in the first year, $149 thereafter
- Receive $10 cashback on one $25 or more worth of Deliveroo order and $5 cashback on your Spotify Premium subscription of $10 or more every month. Offer available until 31 January 2022
- Earn 1 Citi reward Point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period) and a separate 1 point on international spend
- Earn 1 Citi reward Point per $1 spend also on expenses including rent, taxes, education, property management fees, and childcare with Citi PayAll Spend
- Up to 55 days interest-free on retail purchases
- Free bottle of wine when you dine and pay with your Citi card at select partner restaurants
- Complimentary mobile phone insurance
- Complimentary retail and travel insurance covers
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Citi Credit Cards
Citi Rewards Card – Purchases and Balance Transfer Offer
Updated 19 October 2021
Take a break from paying interest. Apply for a new Citi Rewards Card by 28 April 2022 and enjoy 0% p.a. on both purchases and balance transfers (no balance transfer fee) for 14 months from card approval. Take advantage of a reduced annual fee of $49 in the first year, $149 thereafter. Other benefits include cashback on Deliveroo and Spotify, complimentary mobile phone insurance plus retail and travel insurance, and earn Citi reward Points on eligible transactions.
T&Cs apply. Offer ends 28 April 2022
Purchase Rate (p.a)
0% p.a.
for 14 months. Reverts to 21.49% p.a.
Balance Transfer (p.a)
0% for 14 months
0% balance transfer fee applies.
Reverts to 22.24% p.a.
Annual Fee (p.a)
$49 first year. Then $149 p.a.
Pros and cons
- Interest free days won’t apply for retail purchases if you have a balance transfer
- High cash advance and purchase rates, currently 22.24% p.a. and 21.49%, respectively
- Additional cardholder fee of $90
Creditcard.com.au review
Editor Review
Citi Rewards Card – Purchases and Balance Transfer Offer
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
Citi Rewards Card - Purchases and Balance Transfer Offer
Transferring balances from other credit cards and spending money on different purchases using a credit card are obviously different functions that may need two separate cards and many consumers need to use both. However, nowadays, providers are offering these two features in a single handy card and Citi Rewards Card is one of them. Plus, it comes with generous promotional offers, reduced annual fee, complimentary insurance covers, and other perks and benefits for newly approved applications until 28 April 2022.
What we love...
Citi Rewards Card is overflowing with awesome offers but let’s talk about the purchase offer first. After you apply and get approved for a new card, you will enjoy the promotional rate of 0% p.a. on your retail purchases for 14 months that starts from the date of card approval. The ongoing regular purchase rate of 21.49% p.a. will apply to your purchase balance after the offer period ends.
Next is the balance transfer offer. Designed to help you manage your balances and reach your pay down goals, this card also offers 0% p.a. on balance transfers for 14 months with no balance transfer fee. The offer period plus no charge fee on transferring your balance helps you to create your desired repayment plans and clear off your debt faster. Citi allows you to transfer up to 80% of your approved credit limit, giving you some grace time on card spending and interest. As with any balance transfer offer, there are no interest-free days on purchases until the balance transfer has been paid off.
Another attractive feature is the discounted annual fee. You will pay $49 only in the first year, saving you $100. This offer helps in reducing your card costs while enjoying other features of this card.
Aside from giving promotional offers on interest costs, Citi Rewards Card is also generous in providing some extras to its cardholders. If you are ordering from Deliveroo, you can receive $10 back on one order worth $25 or more. If you are a Spotify Premium subscriber, you can get $5 cashback on a subscription of $10 or more every month. This cashback offer is until 31 January 2022.
Other benefits include earning Citi reward Points on eligible transactions, complimentary insurance covers up to 55 days interest-free on retail purchases, and security features.
What’s not so great…
After the promotional period ends, cardholders should be more careful in getting into transactions using this card as the regular ongoing rates are quite high. Balance transfer offer rate reverts to the cash advance rate of 22.24% p.a. while the purchase rate is currently at 21.49% p.a.
The 55 days interest-free period does not apply to your purchases while you have a balance transfer. You should pay your full closing balance from your last statement of account by the payment due date to avoid getting charged on the high ongoing interest on your daily unpaid balance.
Why should you choose this card?
As obvious as its name, Citi Rewards Card provides you with many options on how to earn points.
- Earn 1 Citi rewards Point per $1 on all eligible transactions made overseas or online with a merchant that is based overseas
- Earn 1 Citi rewards Point per $1 on all eligible transactions in Australia (up to $10,000 per statement period)
- Earn 1 Citi rewards Point per $1 on all eligible transactions using Citi PayAll
- Earn 2 Citi rewards Points per $1 on all eligible transactions made using the Linked Diners Club Card
Now, let’s talk about the many ways to use your points.
- Pay with Points: Use your points to pay eligible purchases and receive a credit back.
- Shop with Points: You can use your points to pay when shopping at Kogan.
- Travel: Access the Citi Travel Portal to use your points to book flights, hotels, car hire, activities or even create your own itinerary.
- Points Transfer: Choose to transfer your Citi reward Points to partner programs, including Velocity Frequent Flyer, Emirates Skywards, Singapore Airlines KrisFlyer, Flybuys and more.
Comes with complimentary insurance which include the following:
- Complimentary Mobile Phone Insurance. Monthly cover on eligible mobile phones for accidental damage or theft when you use your card to pay your monthly mobile plan bill.
- Complimentary International Travel Insurance
- Complimentary Purchase Cover Insurance and Extended Warranty Insurance
Other perks and benefits which add to the long list are the following:
- Free bottle of wine when dining at partner restaurants within the Citibank Dining Program
- 24/7 support offering round-the-clock customer service, fraud protection and emergency card replacement
- Perks through Mastercard Priceless Cities and Citi World Privileges
- Personal concierge service available 24/7
- Access to Citi PayAll payments and Citi instalment plans
- Compatible with Apple Pay and Samsung Pay, and the Citi Mobile App for personal account access
Overall Rating
With all the offers and benefits mentioned, it’s undeniable that Citi Rewards Card - Purchases and Balance Transfer Offer is a rare gem in the market. Apply now and enjoy all these limited perks. Promo runs until 28 April 2022.
User reviews
Rates and fees
Interest rates
Purchase rate 21.49% p.a.
Introductory purchase rate 0% p.a. for 14 months
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 14 months
Balance transfer revert rate 22.24% p.a.
Balance transfer from personal loan Yes
Balance transfer fee 0% one off
Balance transfer limit 80% of approved credit limit
Banks you can't balance transfer from Citi
Credit limits
Minimum credit limit $6,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $149 p.a.
Additional cardholder fee Up to 4 - $90 p.a.
Foreign transaction fee 3.4%
Minimum repayment 2% or $30 whichever is greater
Annual fee the first year $49
Cash advance fee Domestic 3.5% or $3.50 (whichever is greater) ; International $5
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Citibank Rewards Program
Bonus points N/A
Annual points cap uncapped
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 $10,000 (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
Complimentary Mobile Phone Insurance
Eligible with Apple Pay and Samsung Pay
Citibank Dining Program offers customers a free bottle of wine every time they dine at partner restaurants. T&Cs apply.
Overview
Citi Rewards Card – Purchases and Balance Transfer Offer
Key features
- 0% p.a. on balance transfers for 14 months, no balance transfer fee applies. Reverts to cash advance rate
- 0% p.a. for 14 months. Reverts to variable retail purchase rate, currently 21.49% p.a.
- Reduced annual fee of $49 in the first year, $149 thereafter
- Earn 1 Citi reward Point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period) and a separate 1 point on international spend
- Earn 1 Citi reward Point per $1 spend also on expenses including rent, taxes, education, property management fees, and childcare with Citi PayAll Spend
- Receive $10 cashback on one $25 or more worth of Deliveroo order and $5 cashback on your Spotify Premium subscription of $10 or more every month. Offer available until 31 January 2022
- Up to 55 days interest-free on retail purchases
- Free bottle of wine when you dine and pay with your Citi card at select partner restaurants
- Complimentary mobile phone insurance
- Complimentary retail and travel insurance covers
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 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.
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