Rates and fees verified as correct at 18 January, 2021. 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 |
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. | $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. | $149 $49 in the first year |
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 | |
| 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. | $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. | $149 $49 in the first year |
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.
1286 Reviews
Initially signing up for the interest free period, I had to call several times to clarify the end date of the free rates. I should not have worried - one month before the rate rocketed up to 20% Citi were calling me every day pushing me to convert my (only had 2k left on it) to a personal loan. Absolute rip off of a card. The monthly fees are sky high and the annual rate also adds to the cost without any real value.
Read full reviewInitially signing up for the interest free period, I had to call several times to clarify the end date of the free rates. I should not have worried - one month before the rate rocketed up to 20% Citi were calling me every day pushing me to convert my (only had 2k left on it) to a personal loan. Absolute rip off of a card. The monthly fees are sky high and the annual rate also adds to the cost without any real value.
Very high fees and no real deals.
Read full reviewVery high fees and no real deals.
I haven’t had any good experiences with Citibank. Their customer service team are offshore and do noy listen at all when you speak with them, they are very unhelpful. They don’t even call back when they say they will and it’s nearly impossible to get any type of resolution to issues. For a 'rewards' product, rewards seem very minimal.
Read full reviewI haven’t had any good experiences with Citibank. Their customer service team are offshore and do noy listen at all when you speak with them, they are very unhelpful. They don’t even call back when they say they will and it’s nearly impossible to get any type of resolution to issues. For a 'rewards' product, rewards seem very minimal.
I got a card from them and it was biggest mistake. I have been prompt in paying my EMI. Somehow my credit card was still cancelled and it badly impacted my credit score. When you ask for an explanation, they don't give you any. It sucks, worst service. They write you off even if you are regular with your payments.
Read full reviewI got a card from them and it was biggest mistake. I have been prompt in paying my EMI. Somehow my credit card was still cancelled and it badly impacted my credit score. When you ask for an explanation, they don't give you any. It sucks, worst service. They write you off even if you are regular with your payments.
To apply for a Citi credit card, you should be:
For more information, check out our guide on applying for a credit card.
