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 22.24% p.a.
2% BT fee applies.
2% BT fee applies.
Purchase Rate
0% for 15 months reverts to 21.49% 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 21.49% p.a.
Cash Advance Rate
22.24% p.a.
Balance Transfer
Balance Transfer
0% for 15 months
reverts to 22.24% 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.
Australia - © 2023 Fair Comparison Pty Ltd
Savrr.com is a trading name of Fair Comparison Pty Ltd. The 'compare' pages of this website are provided by Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to compare a range of credit card, home loan, personal loan, and car loan products. Fair Comparison Pty Ltd may receive a fee if users click through, apply and/or successfully acquire a loan or credit card product from or through a product provider.
Fair Comparison provides information relating to credit products offered by banks and other credit providers. We are not providers of loan, credit, or any other financial products. While we aim to provide information about a variety of products, we do not provide information about all products or product features available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific products. Should you choose to apply for a product which is listed, you will deal directly with the provider of the product or its broker/representative. We aim to provide useful and up to date information, but you should always carefully check product information with the product provider prior to applying for or taking out a credit product. If you are unsure, you should seek clarification from the product provider or independent financial advice.
Global - © 2023 Fair Comparison Ltd
Savrr.com is a trading name of Fair Comparison Ltd. The ‘compare’ pages of this website are provided by Fair Comparison Ltd to compare a range of online trading platforms and products. Fair Comparison Ltd may receive a fee if users click through, apply and/or successfully apply for an online trading account or product.
Fair Comparison provides information relating to online trading platforms. We are not providers of loan, credit, or any other financial products nor are we an investment broker. While we aim to provide information about a variety of platforms or products, we do not provide information about all platforms or products available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific platforms or products. Should you choose to apply for a platform or product which is listed, you will deal directly with the platform or its broker/representative. We aim to provide useful and up-to-date information, but you should always carefully check information with the platform provider prior to opening an account or making a financial decision. If you are unsure, you should seek clarification from the platform or independent financial advice.