Citi - Rewards Credit Card
Purchases and Balance Transfer offer
The Citi Rewards Credit Card has an introductory 0% p.a. interest on purchases and balance transfers for the first 15 months for new cardholders. This card will earn Velocity points at a rate of 1 point for every dollar spent on international and domestic purchases. For domestic spending, points earned are capped at $10,000 per statement period. This card also has an annual charge of $199.
New cardholders receive an introductory 0% p.a. interest on purchases and balance transfers for the first 15 months.
Annual Fee
$199 per year
Balance Transfer
0% for 15 months reverts to 22.99% p.a.
2% BT fee applies.
2% BT fee applies.
Purchase Rate
0% for 15 months reverts to 22.49% p.a.
Interest Free Period
up to 44 days
Details
Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$2,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$199
per year
Late Payment Fee
$30
per statement
Cash Advance Fee
3.50% or $3.50
per transaction, whichever is greater
Additional Card Holder Fee
$90
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
0% for 15 months
reverts to 22.49% p.a.
Cash Advance Rate
22.99% p.a.
Balance Transfer
Balance Transfer
0% for 15 months
reverts to 22.99% p.a.
2% BT fee applies.
2% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
2%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
No
Rewards
Program
Citi Rewards
Types
Cashback, Reward points
Reward Rates
Rewards Rate One
1 point(s) per AUD$1
On domestic spend up to $10,000 per statement
Rewards Rate Two
1 point(s) per AUD$1
On international spend
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
No
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 1 Reward Points per dollar on certain purchases and make use of complimentary insurances
- 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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