Citi - Citi Premier credit card
Luxury Escapes offer
The Citi Premier credit card from Citi has an earn rate of 2 points per dollar spent on international or domestic purchases made with major airlines, restaurants, and hotels. Earn 1 points for every dollar spent at petrol outlets, major supermarkets, and national retailers or 1 point for all other domestic purchases.
This card has an initial rate on balance transfers of 0% p.a. for 6 months. The interest rate reverts to 22.24% p.a. There are up to 44 interest-free days on purchases and the interest rate on purchases will be 21.49% p.a.
Earn a $750 Luxury Escapes Gift Card when you spend $7,000 on eligible purchases within 90 days from approval.
Annual Fee
$150 for the first year reverts to $300 per year thereafter
Balance Transfer
0% for 6 months reverts to 22.24% p.a.
0% BT fee applies.
0% BT fee applies.
Purchase Rate
21.49% p.a.
Rewards Rate One
2 point(s) per AUD$1 On online Spend up to 200,000 point(s) per year
Details
Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$10,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$150 for the first year
reverts to $300 per year thereafter
Late Payment Fee
$30
per statement
Cash Advance Fee
3.50% or $3.50
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
21.49% p.a.
Cash Advance Rate
22.24% p.a.
Balance Transfer
Balance Transfer
0% for 6 months
reverts to 22.24% p.a.
0% BT fee applies.
0% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
0%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Overseas Cash Advance Fee
3.40%
per transaction
Eligibility
Minimum Age
18
years old
Rewards
Program
Citi Rewards
Types
Reward points
Reward Rates
Rewards Rate One
2 point(s) per AUD$1
On online Spend up to 200,000 point(s) per year
Rewards Rate Two
1 point(s) per AUD$1
On domestic spend up to 200,000 point(s) per year
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
The target market for the Product is individuals who:
- are seeking a line of credit facility for everyday spending to earn up to 2 Rewards Points per dollar on certain purchases and the ability to access complimentary insurances and Product benefits
- meet eligibility criteria and serviceability requirements for the Product
- are unlikely to hold substantial balances for prolonged periods except to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit Citi to view Target Market Determination Effective From: 2024-09-30.
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