Rates and fees verified as correct at 31 October, 2020. Other information correct at the time of writing. Advertiser disclosure.
Looking for a low rate credit card to help keep your interest payments down? If you sometimes get caught with a balance owing on your credit card at the end of your interest free period, a low rate card is the perfect way to minimise the damage that can do to your wallet. Check out Citis low rate option.
| Product | Purchase rate | Balance transfer rate | Annual fees | Interest free days on purchases | |
|---|---|---|---|---|---|
| 0.90% p.a. for 15 months then 14.99% p.a. | 0.90% p.a. for 15 months and then 22.24% p.a. | $99 | 55 | Go to site |
On the other hand, if you pay your credit card balance off in full every month, without fail, finding a killer interest rate probably isn’t so important to you. Having a piece of plastic that won’t charge you massive annual fees, however, should be top priority. So take a look at the great no fee credit card option from Citi below:
| Product | Purchase rate | Balance transfer rate | Annual fees | Interest free days on purchases |
|---|---|---|---|---|
| 21.49% p.a. | 0% p.a. for 6 months and then 22.24% p.a. | $0 | 55 |
If you’re credit card spending is all about earning rewards then check out the huge range of rewards options from Citi. You can choose a card that will earn you a bunch of different goodies, like gift cards, retail products and cashback, or one that funnels all those points straight into a frequent flyer program. The catch is, that like other rewards cards, these Citi credit cards will generally come with higher annual fees and interest rates in return for all the freebies on offer.
| Product | Points per dollar | Purchase rate | Balance transfer rate | Annual fees | |
|---|---|---|---|---|---|
| 1 point per dollar on Mastercard, up to $3,000 per month, then | 21.49% p.a. | 0% p.a. for 9 months and then 22.24% p.a. | $299 $149 in the first year | ||
| 1 point per dollar on Mastercard, uncapped | 21.49% p.a. | 0% p.a. for 6 months and then 22.24% p.a. | $395 | ||
| 1 point per dollar on Mastercard, uncapped | 21.49% p.a. | 0% p.a. for 6 months and then 22.24% p.a. | $700 | ||
| 1 point per dollar on Mastercard, up to $10,000 per month | 21.49% p.a. | 0% p.a. for 30 months and then 22.24% p.a. (1.50% balance transfer fee) | $149 $49 in the first year | Go to site | |
| 1 point per dollar on Visa, up to $10,000 per month | 21.49% p.a. | 0% p.a. for 12 months and then 22.24% p.a. | $199 $99 in the first year | Go to site | |
| 1 point per dollar on Visa, up to $10,000 per month | 21.49% p.a. | 0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee) | $149 $49 in the first year | Go to site |
If you want something a little fancy in your credit card experience, then check out the prestige cards on offer from Citi. These cards come with a hefty annual fee and interest rate, but in return, you’ll get some serious reward earning power, plus some cool freebies, like a concierge service and complimentary International Travel Insurance. When choosing a prestige credit card, just make sure you’ll use the perks enough to justify the high fees and interest.
| Product | Points per dollar | Purchase rate | Balance transfer rate | Annual fees | |
|---|---|---|---|---|---|
|
| 0.90% p.a. for 15 months then 14.99% p.a. | 0.90% p.a. for 15 months and then 22.24% p.a. | $99 | Go to site | |
| 1 point per dollar on Mastercard, up to $3,000 per month, then | 21.49% p.a. | 0% p.a. for 9 months and then 22.24% p.a. | $299 $149 in the first year | ||
| 1 point per dollar on Mastercard, uncapped | 21.49% p.a. | 0% p.a. for 6 months and then 22.24% p.a. | $395 | ||
| 1 point per dollar on Mastercard, uncapped | 21.49% p.a. | 0% p.a. for 6 months and then 22.24% p.a. | $700 | ||
| 1 point per dollar on Mastercard, up to $10,000 per month | 21.49% p.a. | 0% p.a. for 30 months and then 22.24% p.a. (1.50% balance transfer fee) | $149 $49 in the first year | Go to site | |
| 1 point per dollar on Visa, up to $10,000 per month | 21.49% p.a. | 0% p.a. for 12 months and then 22.24% p.a. | $199 $99 in the first year | Go to site | |
| 1 point per dollar on Visa, up to $10,000 per month | 21.49% p.a. | 0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee) | $149 $49 in the first year | Go to site |
If you travel often for work or pleasure, a Citi Qantas card is a must-have. These cards are also prestige options, so they come with hefty annual fees and interest, but if you’re looking for a piece of plastic with all the perks, plus a direct link to your frequent flyer program, then look no further.
| Product | Points per dollar | Purchase rate | Balance transfer rate | Annual fees |
|---|---|---|---|---|
| 1 point per dollar on Mastercard, up to $3,000 per month, then | 21.49% p.a. | 0% p.a. for 9 months and then 22.24% p.a. | $299 $149 in the first year |
To help you spend in the most convenient way possible, Citi credit cards generally come with 55 interest free days. Understanding how this interest free period works is one of the most important parts of using your credit card wisely. The short version is: your interest free period begins at the start of your statement cycle, not when you make a purchase. So, if you buy something at the beginning of your statement you’ll have the whole interest free period to pay it off. If you buy it halfway through the statement cycle, you’ll only have half of your interest free days to pay it off.
If you want to carry a Citi credit card, you’ll have to budget for an annual fee, on all but the no-fee option. On some, you’ll also pay a fee for having additional cardholders, though not all the options charge for this. Other fees you might be up for include:
- Cash advance fees for local and overseas transactions
- International transaction fees
- Qantas rewards fee if you want to join the Direct Earn rewards program
Check out our guide on how to avoid paying these fees.
Your minimum payment will depend on what balance you have owing on your Citi credit card. If your balance is $30 or less, then you’ll have to pay all of it as your minimum.
Otherwise, the minimum payment will usually be either $30 or 2% of your balance - whichever is more.
It’s always a good idea to pay your whole balance off if you can, to avoid fees and interest charges. For more info on how to minimise the penalties you pay on your credit card, check out our guide to managing your credit card balance.
Yes! Citi credit cards work on the MasterCard network, depending on which card you opt for. That means you’ll be able to use PayPass or payWave anywhere in the world where these networks are in use.
Yep! As mentioned above, your Citi credit card works on the MasterCard network, which are available all over the world. And as an added bonus, many premium Citi credit cards offer complimentary Travel Insurance to keep you covered on your trip. One thing you will have to look out for, however, are foreign transaction fees when you use your credit card overseas. A good alternative to using your credit card while you travel is a prepaid travel card.
Looking for a little extra cover to protect your credit card purchases? No sweat. Citi credit cards offer both:
Purchase cover insurance - If a purchase you make on your Citi credit card is lost, stolen or damaged within 90 days it will be repaired or replaced for free.
Guaranteed pricing insurance - Citi’s Guaranteed Pricing Scheme means that if you buy something on your credit card and later find it for a cheaper price, you can get a refund for the difference.
Most cards also come with extended warranty insurance, for up to 12 months. But some fine print to be aware of is that if the original warranty is for five years or more, the Citi warranty extension doesn’t apply.
Other insurances included with certain cards - usually premium options - include:
Complimentary International Travel Insurance
Transit accident insurance
Interstate flight inconvenience insurance
If rewards points are your goal, then you’re on the right track with the Citi Rewards Program. You can earn points on most purchases, but depending on which card you opt for, you’ll earn a different amount of points per $1 you spend.
Some cards do have point caps, tiered earning and expiry dates for points, so check out the product page for the one you’re interested in to check on these details. You can also take a look at our guide on calculating rewards points to be sure you’re getting the most bang for your reward buck.
No matter how you use your credit card, you should always be aware of the danger posed by credit card fraud. Citi offers a few different types of protection for your peace of mind, including:
FRAUDSHIELD - this is Citi’s transaction monitoring program, which will identify any irregular activity on your credit card, so the bank can let you know straight away.
Emergency Card Replacement - lost your card? Citi can usually replace it for free within 48 hours. If you’re overseas, you can report your lost card to any bank displaying MasterCard signs.
Credit Insurance - you can also opt for added credit card insurance with Citi’s CardAssure. This will incur an extra cost, but it covers outstanding balances on your credit card in case of things like unemployment, injury or illness.
Mozo users have rated Citi credit cards on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
1281 Reviews
We have a Citibank platinum credit card and it is seriously a bad product. The interest rate is terrible. The overdue penalties are horrible. I regret ever getting this card and I am trying to pay it off as soon as I can so I can chop it up and never use it again!
Read full reviewWe have a Citibank platinum credit card and it is seriously a bad product. The interest rate is terrible. The overdue penalties are horrible. I regret ever getting this card and I am trying to pay it off as soon as I can so I can chop it up and never use it again!
I've had the Citi Signature (now Citi Premier) for about 6 years. Their service just keeps getting worse. They used to have a dedicated premier line, now just an overseas call centre. Wanted to increase my credit limit to make a big purchase (I pay off full balance monthly), and the shop didn't take Amex, takes 5-10 days to increase credit limit.
Read full reviewI've had the Citi Signature (now Citi Premier) for about 6 years. Their service just keeps getting worse. They used to have a dedicated premier line, now just an overseas call centre. Wanted to increase my credit limit to make a big purchase (I pay off full balance monthly), and the shop didn't take Amex, takes 5-10 days to increase credit limit.
I like this bank because they offer low rates, and the interest free period of 18 months on my credit card was much longer than what other banks offered.
Read full reviewI like this bank because they offer low rates, and the interest free period of 18 months on my credit card was much longer than what other banks offered.
They won’t let me combine my credit card with the loan I already have with them.
Read full reviewThey won’t let me combine my credit card with the loan I already have with them.
As previously stated fine until there is a problem. I mistakenly did a transaction that was treated as a cash advance. I paid it out immediately, paying the fee and interest. My automatic payment of the card still came out the next day and I’ve been fighting to get my $3,000 back. They would not refund it, I had to do a cash transfer, and now they are taking two statements to credit me the fees. Not good enough. No understanding or empathy. And no actual real assistance.
Read full reviewAs previously stated fine until there is a problem. I mistakenly did a transaction that was treated as a cash advance. I paid it out immediately, paying the fee and interest. My automatic payment of the card still came out the next day and I’ve been fighting to get my $3,000 back. They would not refund it, I had to do a cash transfer, and now they are taking two statements to credit me the fees. Not good enough. No understanding or empathy. And no actual real assistance.
To apply for a Citi credit card, you should be:
For more information, check out our guide on applying for a credit card.
