Citi credit cards

2.6
Based on 1,319 Citi credit card product review.
Fact Checked
Last updated

About Citi credit cards

Citi is an investment bank and financial services company based in New York City, and its Australian banking arm was acquired by NAB in 2022. However, you can still get a credit card or personal loan under the Citi name. Citi is well-known for its rewards credit cards, along with the perks that come along with some of its cards, such as complimentary travel insurance.

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Editor’s pick: Citi Rewards – Balance Transfer and Purchases offer

Rewards - Balance Transfer and Purchases offer

Purchase rate
0.00 % p.a.
For 15 months and then 22.49%
Balance transfer rate
0.00 % p.a.
For 15 months and then 22.99% p.a. 2.00% balance transfer fee)
Annual fee
$199
Rewards program
Citi Rewards Program
Go to site
  • 0% balance transfer period of 15 months

  • Get cashback on purchases using points

  • Complimentary mobile phone insurance

  • Access insurance benefits on purchased items

  • $199 annual fee

  • 2% balance transfer fee

  • Balance transfer reverts to 22.99% p.a. after 15 months

Our verdict

If you’re looking to pay off an existing credit card debt and you’d like to start earning points for new purchases, the Citi Rewards (Balance Transfer and Purchases offer) is a good one for your shortlist.

This Citi Rewards credit card offers a decent balance transfer period of 15 months, giving you just over a year to pay off any existing credit card debt. Be mindful that once those first 15 months are up, any transferred debt you haven’t managed to pay off will attract a high interest rate of 22.99% p.a.

You’ll earn one Citi Reward point for every $1 spent, and one of the options to use them is Pay with Points, which lets you redeem Citi Rewards points on eligible purchases you’ve already made by giving you credit in return.

You can also use your points to buy gift cards from various retailers, or transfer the points to other rewards programs such as Flybuys or Velocity Frequent Flyer.

Other perks include complimentary purchase protection insurance on eligible items bought with the card, though you’ll only receive coverage for a set period. If you pay your phone bill using your Citi Rewards credit card, you can also receive complimentary mobile phone insurance.

It’s worth noting that the Citi Rewards (Balance Transfer and Purchases) credit card comes with an annual fee of $199, but if you can make use of its perks and maximise your points, it could be worth the trade-off.

Where do I get it? Learn more about the Citi Rewards Balance Transfer credit card.
Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more credit cards here.
Last updated 9 December 2024 Important disclosures

Citi credit cards

  • Premier

    Purchase rate
    22.49 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 6 months and then 22.99% p.a.
    Annual fee
    $300
    Rewards program
    Citi Rewards Program
    Link not supplied

  • Premier Qantas Credit Card

    Purchase rate
    22.49 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $350
    Rewards program
    Qantas Frequent Flyer
    Link not supplied

  • Prestige

    Purchase rate
    22.49 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 6 months and then 22.99% p.a.
    Annual fee
    $700
    Rewards program
    Citi Rewards Program
    Link not supplied

  • Prestige - Qantas

    Purchase rate
    22.49 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 6 months and then 22.99% p.a.
    Annual fee
    $749
    Rewards program
    Qantas Frequent Flyer
    Link not supplied

  • Rewards - Rewards Points Offer

    Purchase rate
    22.49 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $199
    $99 in the first year
    Rewards program
    Citi Rewards Program
    Go to site

    100,000 bonus Citi reward Points when you spend $5,000 on eligible purchases within 3 months from approval. That’s $400 when you Pay with Points! Earn up to 1 Citi reward Point per $1 on eligible transactions. Apply for a credit limit from $2,000 up to $100,000. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

  • Simplicity

    Purchase rate
    0.00 % p.a.
    For 6 months and then 22.49%
    Balance transfer rate
    0.00 % p.a.
    For 6 months and then 22.99% p.a.
    Annual fee
    $0
    Rewards program
    -
    Link not supplied

  • Rewards - Balance Transfer and Purchases offer

    Purchase rate
    0.00 % p.a.
    For 15 months and then 22.49%
    Balance transfer rate
    0.00 % p.a.
    For 15 months and then 22.99% p.a. 2.00% balance transfer fee)
    Annual fee
    $199
    Rewards program
    Citi Rewards Program
    Go to site

    Enjoy 0% p.a. for 15 months on purchases and balance transfers. Balance transfer reverts to cash advance rate. Earn up to 1 Citi reward Point per $1 on eligible transactions. Apply for a credit limit from $2,000 up to $100,000. Balance transfer fee applies. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

  • Rewards - flybuys Offer

    Purchase rate
    0.00 % p.a.
    For 6 months and then 22.49%
    Balance transfer rate
    No current offer
    Annual fee
    $199
    Rewards program
    Citi Rewards Program
    Link not supplied

  • Rewards - Velocity Frequent Flyer Offer

    Purchase rate
    22.49 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 6 months and then 22.99% p.a.
    Annual fee
    $199
    Rewards program
    Citi Rewards Program
    Link not supplied

  • Premier - Cashback Offer

    Purchase rate
    22.49 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 6 months and then 22.99% p.a.
    Annual fee
    $300
    Rewards program
    Citi Rewards Program
    Link not supplied

  • Clear - Balance Transfer Offer

    Purchase rate
    14.99 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 24 months and then 22.24% p.a. 3.00% balance transfer fee)
    Annual fee
    $99
    Rewards program
    -
    Link not supplied

  • Premier - Luxury Escapes Gift Card Offer

    Purchase rate
    22.49 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 6 months and then 22.99% p.a.
    Annual fee
    $300
    $150 in the first year
    Rewards program
    Citi Rewards Program
    Link not supplied

  • Premier - Velocity Offer

    Purchase rate
    21.49 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $300
    $150 in each subsequent year if you spend $48,000 on eligible purchases or cash advances in previous years.
    Rewards program
    Citi Rewards Program
    Link not supplied

  • Clear Credit Card - Balance Transfer Offer

    Purchase rate
    14.99 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 24 months and then 22.24% p.a. 1.50% balance transfer fee)
    Annual fee
    $99
    $49 in the first year
    Rewards program
    -
    Go to site

    0% p.a. for 24 Months on balance transfers. 1.5% balance transfer fee applies. Rate reverts to cash advance rate. $49 annual fee in the first year, reverts to $99 thereafter. Enjoy a low ongoing variable purchase rate of 14.99% p.a. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

Get the latest news and product updates.

Citi credit card ratings

Overall customer rating for Citi credit cards

2.6
Based on 1,319 product review.

Customer reviews

Important disclosures

Citi products

Citi credit cards: FAQs

Who is Citi owned by?

Citi is owned by NAB in Australia, following the sale of its consumer banking business in June 2022.

Citi’s credit cards are now provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

Citibank Australia was formerly owned by Citigroup, an international bank headquartered in New York City.

Does Citi have in-person locations?

No, Citi does not have any in-person branches in Australia.

What is the minimum credit limit for a Citi credit card?

It depends on the card – here’s an overview of the minimum credit limit for each Citi credit card type:

  • Citi Simplicity – $2,000
  • Citi Clear – $2,000
  • Citi Rewards – $2,000
  • Citi Premier – $10,000
  • Citi Premier Qantas – $10,000
  • Citi Prestige – $20,000
  • Citi Prestige Qantas – $20,000
How do I pay a Citi credit card?

There are a few ways to pay your Citi credit card, including:

  • Easi-Pay – a service which sets up automatic direct debit payments
  • BPAY
  • Cheque sent by post or deposited at Australia Post
How much are Citi Rewards points worth?

The value of your Citi Rewards points differs depending on what you redeem it on.

For example, when using Citi’s Pay with Points feature, 2,500 points are equal to $10 – that’s 250 points per dollar.

But, Citi’s cashback offer allows you to convert 40,000 points into $100 cashback, which shakes out to be 400 points per dollar.

You can also convert your Citi Rewards points into gift vouchers for various retailers, including Coles, David Jones, JB Hi-Fi, Myer and Woolworths.

If you go this route, 20,900 points convert into a $100 gift card – that’s 209 points per dollar.

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