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Citi Rewards Card – Purchases and Balance Transfer Offer
Citi Rewards Card – Purchases and Balance Transfer Offer

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.

$0 over 14 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 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

  • 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. 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

Citi Rewards Card – Purchases and Balance Transfer Offer ( based on 6 Creditcard.com.au user reviews )

68% rating based on 6 reviews

Rates
Fees
Rewards
Customer Service
Value

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 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

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.

49 questions (showing the latest 10 Q&As)

Hassan

Hassan

24 October 2021
I want to know which is best travel card for international travel because most of my family living abroad so i am searching for best travel card My income is more than 75000. So kindly can you tell me which is beast card for overseas travel.
julie baldon

julie baldon

18 September 2021
trying to apply for a cc but not having much luck on your website??! can you help kind regards julie Baldon
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 September 2021
    Hi Julie, I’m sorry to hear that. I would suggest checking on this direct link to see if it works. Please note that different cards have different eligibility requirements and I suggest checking them before applying.
Lee

Lee

2 August 2021
Hi, Would it be possible to do a balance transfer for a personal loan of 30k to the credit card? Also, is there fees for extra payments on top of the minimum monthly payments? Thanks, Lee
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 August 2021
    Hi Lee, thanks for your question! We dug into this and can see that there’s only a few credit cards in Australia that allow you to do a balance transfer of personal loans to credit cards and Citi Rewards Credit Card is one. You just need to make sure you meet the credit card application criteria, and request for a balance transfer upon application. You can only transfer a maximum of up to 80% of your approved credit limit. For example, if you are approved with a $37,500 limit, you can transfer up to $30,000. There are no other fees for paying more than the minimum amount.
Katherine

Katherine

20 July 2021
Can i apply for this credit card although im not australian citizen because my visa is just permanent resident not yet citizen. When click put country of citizen is Philippines i cannot go through
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 July 2021
    Hi Katherine, thanks for your question! We checked Citi’s eligibility criteria, and you’ll need to be an Australian resident to apply for this card. We’ve compiled a list of cards and banks with their Visa requirements laid out.
Adrian

Adrian

20 June 2021
What do you need as income to show for a credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 June 2021
    Hi Adrian, thank you for your question! Upon checking on the Citi Rewards Credit Card – Balance Transfer Offer credit card, you must be able to show at least $35,000 income per year. You’ll need to have copies of your pay slips and evidence of any other income you receive. This could be from rent, superannuation, shares or anything similar. If you’re confident you can satisfy the requirements and are ready to apply, you can click this link.
Fernando

Fernando

20 June 2021
Hi i apply already and I did not recieve the outcome of my application
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 June 2021
    Hi Fernando, thanks for writing. I’m sorry to hear that you have not heard back from your application yet. I suggest reaching out to the bank directly on their hotline at 13 24 84, they’re open 24/7, to check the status of your credit card application.
duncanwilkie77716@gmail.com

[email protected]

15 May 2021
I am a disability pensioner and receiving over $1,100 net per fortnight is there any type of card a suitable for someone like me.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 May 2021
    Hi there, thanks for your question! You can check on our Pensioner Credit Cards page for your card options and to make sure you meet all the eligibility requirements.
Kathy

Kathy

31 March 2021
I am looking at doing a balance transfer for my current credit card which is at $7,500. I note that you can only transfer up to 80% of your current credit limit, does having an excellent credit rating have any bearing on that 80% being higher ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 April 2021
    Hi Kathy, having an excellent credit rating has no impact on that 80%. What it might impact is how much credit you'll be issued. For example, the minimum credit limit available on this card is $6,000 (so you'd be able to transfer at least $4,800 if you're approved). For you to transfer the full $7,500, you'd need to be approved for a limit of at least $9,375. I hope that helps.
Anne

Anne

27 March 2021
I am looking to consolodate my credit card debt, I have under 20k across 3 cards and the interest fee's applied every month are making it difficult to make a dint to the balances of all 3. I'm under 30 and in hindsight wasn't mature enough to understand the stress of what debt can do to your life. After tax my yearly income is 100k, I'm looking for a product that will give me the best opportunity to come out of debt this year, Would you say this product would be best suited?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 March 2021
    Hi Anne, $20,000 is a relatively large amount of debt and having it across 3 cards might mean a balance transfer isn't the best option. To transfer $20,000 to this card you'd need to be approved for a credit limit of $25,000, and given that you've got 3 cards and debt already, that could be difficult. You might be able to transfer a partial amount, but then you'd still have 2-3 cards to manage. Have you looked at Debt Consolidation Personal Loans? You'll pay a higher rate of interest than a 0% balance transfer offer, however, likely lower than your combined credit cards, the credit available is higher and you'd have longer to pay it off. The National Debt Helpline is a great resource to talk about your personal situation and they'll be able to answer all of your questions — 1800 007 007. I'd give them a call before applying for any new credit options. I hope that helps.

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