- 0% p.a. on balance transfers for 15 months, 2% balance transfer fee applies. Reverts to cash advance rate
- 0% p.a. on purchases for 15 months. Reverts to variable retail purchase rate, currently 22.49% p.a.
- 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
- Enjoy 15% discount (up to $250) Limited Time Lux Exclusive hotel offers when you use Promo Code: MYLUXPROMO and 10% off international tours (up to $250) with Promo Code: MYLUXTOURS10. Offer available until 1 March 2026.
- $10 Monthly Cashback with BINGE: Get $10 cashback each month until 31 October 2025 when you sign up for a Standard or Premium BINGE subscription. Catch the TV shows and movies everyone’s talking about.
- 5% Off International Flights with Trip.com: Save 5% on international flights from Australia with no blackout dates. Enter discount code AUSFLY5 at checkout. Book by 31 Dec 2025 and travel by 30 Sep 2026.
- Get 10% off selected hotels on Expedia or Wotif. Enter code EXP10TRVL for Expedia or WOT10TRVL for Wotif at checkout. Book by 31 January 2026 and complete your stay by 30 June 2026.
- Up to 44 days interest-free on retail purchases
- Enjoy monthly cashback offers from your favourite stores with My Cashback
- 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 18 June 2025
Need a breather from interest? The Citi Rewards Card gives you space to get back on top. If you apply for a new Citi Rewards Card, you'll get 0% p.a. on both purchases and balance transfers (plus 2% balance transfer fee) for 15 months from card approval. You'll also get complimentary mobile phone insurance plus retail and travel insurance, and earn Citi reward Points on eligible transactions.
Terms and conditions apply.
Purchase Rate (p.a)
0% p.a.
for 15 months. Reverts to 22.49% p.a.
Balance Transfer (p.a)
0% for 15 months
2% balance transfer fee applies.
Reverts to 22.99% p.a.
Annual Fee (p.a)
$199
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 22.99% p.a. and 22.49%, respectively
- Additional cardholder fee of $90
Creditcard.com.au review
Editor Review
Citi Rewards Card – Purchases and Balance Transfer Offer
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
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The new, limited-time offer on the Citi Rewards Card makes it a much more versatile card. Already a decent low-cost rewards card, Citi has now added two helpful bonuses: 15 months interest-free on new purchases and balance transfers. It’s worth a gander if you want to make a big purchase and pay it off interest-free, or be the boss of your debt and still get points and perks.
What we love...
I’ll go through the promotional offers and clear up some of the fine print.
The 0% purchase offer: The 15 months kick in on the date of your application approval (you must be a new customer to Citi Rewards credit cards to apply, but you can have had a different Citi card before). Once the 15-month promo period ends, the regular purchase rate of 22.49% p.a. will start up again.
The balance transfer offer: You won’t pay interest interest on any debt you move from a non-Citi-branded credit card for 15 months. You can transfer up to 80% of your existing credit limit (ie, if your limit was $10,000, you could transfer $8000). A 2% balance transfer fee apply.
A note about Citi balance transfers: Citi’s balance transfers are a cut above because you can transfer more than just credit card debt. Unlike most credit providers, it also includes flexible personal loans, lines of credit like Buy now pay later services, and Visa and Mastercard balances from all banks. You just can’t transfer from an existing Citi account.
Discounts: Citi has some nice deals with partnering companies that turn into discounts for you. For instance, you can get a 15% discount Limited Time Lux Exclusive hotel offers (up to $250) and 10% off international tours (up to $250 per booking). Use your card and enter the promo code when you’re booking.
Citi has also introduced its new My Cashback program, where you’re sent personalised offers for your favourite stores through the Citi Mobile app, and earn cashback when you use an offer and pay with your Citi Rewards Card.
You can take advantage of the Citi PayAll feature which lets you schedule recurring payments for your rent, education fees, childcare, taxes, bills, and more. Effective 1 November 2023, the Citi PayAll fee changed to 0.95%.
Other benefits include:
- Earn Citi reward Points on eligible transactions.
- Complimentary insurance covers.
- Up to 44 days interest-free on retail purchases.
- Anti-fraud security features.
- 24/7 personal concierge service available 24/7.
- Access to Citi instalment plans
- Compatible with Apple Pay and Samsung Pay, and the Citi Mobile® App for personal account access.
What’s not so great…
Sadly, all good things come to an end, and it’s the same for interest on this card. Once the promotional interest-free period ends, you’ll be treated to an interest rate of 22.49% for retail purchases, and a very hefty cash advance rate of 22.99% on any remaining balance transfer.
While that’s standard practice for credit cards, it does highlight how important it is to use the interest-free time wisely. You can be a super-savvy credit card legend if you have a smart budget in place that pays your debt off completely before the promo period ends. Then just keep using all the best parts of the card: earning points and freebies.
While the card comes with 44 days interest free (after the promo period is finished), they won’t apply if you have money owing on your balance transfer. Another reminder to pay 👏 debt 👏 off 👏 quickly.
The PDS states that this card has a cap on points. You’ll earn “1 Point per $1 on eligible Domestic Spend up to $10,000 per Statement Period”. Points you earn on spending overseas are uncapped.
Earning points on the Citi Rewards Card
Citi is pretty generous with its points. You can transfer Citi rewards Points to frequent flyer programs, Flybuys and redeem them within its own rewards store.
- 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
Here’s how you can use your points.
- Pay with Points: Use your points to pay for 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.
The Citi Rewards Card also 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 up to 6 months
- Complimentary Purchase Cover Insurance and Extended Warranty Insurance
Overall Rating
The Citi Rewards Card - Purchases and Balance Transfer Offer is a handy card if you want the rare combination of interest-free periods and to be able to earn rewards points at the same time.
There aren’t too many cards with that combo of offers in one place. It’s a card that shines for anyone wanting to get ahead of some debt (especially since Citi allows you to rollover debt from personal loans) and keep the costs to a minimum.
User reviews
Rates and fees
Interest rates
Purchase rate 22.49% p.a.
Introductory purchase rate 0% p.a. for 15 months
Cash advance rate 22.99% p.a.
Interest free period on purchases up to 44 days
Balance transfer
Balance transfer rate 0% p.a. for 15 months
Balance transfer revert rate 22.99% p.a.
Balance transfer from personal loan Yes
Balance transfer fee 2% one off
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Citi
Credit limits
Minimum credit limit $2,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $199 p.a.
Additional cardholder fee Up to 4 - $90 p.a.
Foreign transaction fee 3.4%
Minimum repayment 2% or $30 whichever is greater
Cash advance fee 3.5% or $3.50, whichever is greater (Domestic); $5 (International)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Citi 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 - up to 3 months
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance Yes
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Guaranteed Pricing Scheme
Eligible with Apple Pay and Samsung Pay
Overview
Citi Rewards Card – Purchases and Balance Transfer Offer
The Citi Rewards Credit Card offers a 0% p.a. introductory rate on purchases and balance transfers for 15 months, before switching to 22.49% p.a. for purchases and 22.99% p.a. for balance transfers. It has a $199 annual fee, provides up to 44 days interest-free on purchases, and allows balance transfers from personal loans or non-Citi cards (up to 80% of the credit limit) with a 2% fee. You’ll earn 1 Citi Reward Point per $1 spent on eligible purchases, with a domestic cap of $10,000 per statement period, plus additional points through Citi PayAll. The card includes mobile phone, retail, and travel insurance, along with access to travel discounts and cashback offers.
Key features
- 0% p.a. on balance transfers for 15 months, 2% balance transfer fee applies. Reverts to cash advance rate
- 0% p.a. on purchases for 15 months. Reverts to variable retail purchase rate, currently 22.49% p.a.
- 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 44 days interest-free on retail purchases
- Complimentary mobile phone insurance
- Complimentary retail and travel insurance covers
- Enjoy 15% discount (up to $250) Limited Time Lux Exclusive hotel offers when you use Promo Code: MYLUXPROMO and 10% off international tours (up to $250) with Promo Code: MYLUXTOURS10. Offer available until 1 March 2026.
- $10 Monthly Cashback with BINGE: Get $10 cashback each month until 31 October 2025 when you sign up for a Standard or Premium BINGE subscription. Catch the TV shows and movies everyone’s talking about.
- 5% Off International Flights with Trip.com: Save 5% on international flights from Australia with no blackout dates. Enter discount code AUSFLY5 at checkout. Book by 31 Dec 2025 and travel by 30 Sep 2026.
- Get 10% off selected hotels on Expedia or Wotif. Enter code EXP10TRVL for Expedia or WOT10TRVL for Wotif at checkout. Book by 31 January 2026 and complete your stay by 30 June 2026.
- Enjoy monthly cashback offers from your favourite stores with My Cashback
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
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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