Citi Platinum Credit Card (Purchase Rate)

0% p.a. for 13 months then 21.49% p.a.

0% p.a. for 13 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

Citi Rewards

Citi Platinum Credit Card (Purchase Rate)

0% p.a. for 13 months then 21.49% p.a.

0% p.a. for 13 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

Citi Rewards

Mozo Review   Citi Platinum Credit Card (Purchase Rate) Review

Last updated: 1 October 2019.

What's hot:
  • 0% p.a. interest for 13 months on purchases and balances transferred (1% BT fee applies)

  • Reduced $49 first year annual fee ($149 thereafter)

  • Earn 1 Citi point per $1 spent (up to $10,000 per statement period)

What's not:
  • Balance transfers will revert to 22.24% cash advance fee

Mozo snapshot:

The Citi Rewards Platinum Credit Card has a 13 month interest free period on purchases, or a balance transfer offer that runs for the same length of time (1% BT fee applies, reverts to 22.24%). Its long list of rewards value includes 1 Citi point per $1 spent and a tonne of complimentary benefits like travel insurance, purchase cover… oh and a free bottle of wine, anyone?

Key features:

The Citi Rewards Platinum Credit Card Purchase Rate Offer has a low annual fee of $49 in the first year ($149 thereafter) which is value for money with benefits packed to the brim.

One big perk is the impressive 0% p.a. for 13 months on purchases, which reverts to retail rates thereafter. If you're looking to pay off an existing balance, you can also snag 13 months interest free on balance transfers - just remember that no interest free days apply to new retail purchases while you have a balance transfer, and there's a 1% BT fee to watch.

But don’t think the value stops there, you can earn decent points while you spend to use on things like digital gift cards, crediting back items you’ve already purchased on your Citi Rewards Platinum Credit Card or even for travel options like flights and hotels.

Here’s how points earning breaks down:

-1 point per $1 on spending in Australia, up to $10,000 each month.

-1 point per $1 on international spending, uncapped.

If you’re planning on travelling, then your own 24/7 personal concierge will help with hotel recommendations and bookings. Plus, when you purchase your flights with the Citi Rewards Platinum Credit Card, complimentary International Travel Insurance could cover your family when travelling overseas for medical expenses, lost items, cancellations and more.

There’s also free wine… seriously, the offer includes a free bottle of wine at hundreds of restaurants Australia-wide with the Citi Bank Dining Program when you dine and pay with your Citi Rewards Platinum Credit Card.

Last but not least, you can earn bonus points by requesting a Linked Diners Club Card when you apply. Spend on this card within 90 days and you could potentially earn 10,000 bonus points, to go with the uncapped 2 points per $1 earning power on eligible transactions.

Who it's good for:

Diners, wine lovers and jetsetters looking to turn their credit card spends into point earning machines, but who are savvy enough to see the major money-saver that 13 months interest-free on purchases could be.

Any catches?

While there are a bunch of great features, the annual fee reverts to a hefty $149, so make sure you’ll get enough value out of the rewards on offer to justify this cost.

Rewards program details

Rates and fees information correct as at 15 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

299,000 points

Fly Sydney to Melbourne one-way

19,500 points

$100 Giftcard

22,300 points

$100 Cash

40,000 points

Points earning

1 point per dollar on Visa, up to $10,000 per month

Rewards scheme

Transfer points to a range of airline programs or redeem your points for travel, cashback, gift cards, retail rewards and shopping gift cards.

You can redeem flights via Velocity, Singapore Krisflyer, or Emirates Skywards.

Points uncapped for eligible international purchases.

Instant discounts via Citi World Privileges

Value of rewards points

Spend $40,000 (Visa)

Spend $22,300 (Visa)

Spend $19,500 (Visa)

Spend $299,000 (Visa)

at $10,000 monthly

Never

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Close

Rate and fee details

Rates
  • 21.49% p.a.

  • 0% p.a. for 13 months

  • 0% p.a. for 13 months and then 22.24% p.a. (1.00% balance transfer fee)

  • yes

  • 22.24% p.a.

  • 55

Fees
  • $149.00

  • $49 in the first 1 year

  • none

  • none

  • $30.00

  • 3.5%, min $3.50

  • 3.40%

  • $0.00

  • $7.00

  • $90.00

Features
  • $30.00

  • 2.0

  • 4

  • none

Payment options

Apple Pay, Samsung Pay

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

Free wine every time you dine with the Citibank Dining Program when you pay with your Citi Credit Card.

Customer Reviews

How are Citi credit cards rated by the Mozo community?

Overall customer rating
5.2/10

Based on 1263 Citi credit card reviews

Price
4.8/10
Features
5.5/10
Customer service
4.9/10
Convenience
5.0/10
Trust
5.2/10

Latest reviews of Citi Platinum Credit Card (Purchase Rate)

  • Overall
    5/10
    Competitive rates. Customer focused.

    They look after their customers.

    They look after their customers.

    Price
    5/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    5/10

    Lawrence | New South Wales

    reviewed 17 days ago

  • Overall
    7/10
    Very competitive.

    Solid bank, with some occasional great offers.

    Solid bank, with some occasional great offers.

    Price
    5/10
    Features
    9/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    9/10

    Mark | Victoria

    reviewed about 1 month ago

Citi

About Citi

Citi is the consumer banking arm of Citigroup, one of the world's biggest financial institutions. Citi was the first foreign bank to be granted a banking licence to operate in Australia. Citi is now the largest international bank in the country, serving millions of Australians with credit cards, mortgages, deposit accounts, charge cards and more.

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0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

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