Citi Platinum

The details shown below are for a card with Citi Rewards

The details shown below are for a card with Citi Rewards

Choose the version of credit card that suits you best

  • Platinum (Bonus Points Offer)

    Rewards: Citi Rewards

  • Platinum (Balance Transfer Offer)

    Rewards: Citi Rewards

20.99% p.a.

0% p.a. for 15 months and then 21.74% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

Citi Rewards

Citi Platinum

20.99% p.a.

0% p.a. for 15 months and then 21.74% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

Citi Rewards

20.99% p.a.

0% p.a. for 26 months and then 21.74% p.a. (2.50% balance transfer fee)

$149 $49 in the first year

Citi Rewards

Citi Platinum

20.99% p.a.

0% p.a. for 26 months and then 21.74% p.a. (2.50% balance transfer fee)

$149 $49 in the first year

Citi Rewards

Mozo Review   Citi Platinum Review

Last updated: 22 August 2018.

What's hot:
  • Up to 200,000 bonus points (monthly spend applies)

  • $49 annual fee in the first year ($149 after)

  • 0% balance transfer rate for 12 months

What's not:
  • High 20.99% purchase rate

  • High 21.74% cash advance rate

Mozo snapshot:

Who doesn’t like getting extra rewards from using their credit card? The Citi Platinum rewards program means you’ll be racking up flights and gift cards that make spending all the more rewarding. The Citi Platinum card also has a couple nice features such as the 0% balance transfer offer for 12 or 26 months depending on what offer you choose, or the chance to earn up to 10,000 bonus points each month for 20 months, as long as you spend $1,000 in the month.

Key features:

If you’re into earning extra rewards like free flights or cashback, then you’re in luck because that’s exactly what’s on offer with the Citi Platinum credit card. For every dollar you spend you’ll get 1 point, capped at 10,000 points per statement period. But, the good news for travellers and online shoppers is you can earn unlimited points on eligible international vendors.

Considering all that rewards value, the annual fee of $149 is fairly competitive, plus for the first year you’ll only have to pay $49. That’s saving you a whole $100, pretty neat. And, if you spend $24,000 in a year, you can also snag a 50% discount on the regular annual fee of $149 for the next year.

You’ll also be able to have an additional 4 cardholders on the card, meaning you can divide the account between your partner or family. But before you go handing out extra cards to your brother and his dog be aware that each extra card costs $90.

Having your purchases instantly incur interest can be a tad confronting, so the up to 55 interest free days gives you that little breathing room. But if you do miss a payment you’ll be only be hit with a $10 late payment if this mild slip up does happen you won’t be slapping your forward head too hard.

There are two options to choose from with this card:

The Citi Platinum Balance Transfer Offer gives you 26 months of 0% interest to pay off existing debts before rising to a revert rate of 21.74%. Just keep in mind there is a 2.50% BT fee to consider.

If you choose the Citi Platinum Bonus Points Offer, you can earn up to 200,000 bonus points on the Citi Platinum card. How? Well, as long as you spend $1,000 in the month, you can earn up to 10,000 bonus points each month for 20 months. Not too shabby! This card also comes with a 0% balance transfer offer for 12 months, and no BT fee.

Who it's good for:

Generally, this card is designed for big spenders who are chasing a good rewards return. The lengthy balance transfer offer also makes it a good pick for those clearing existing debt - just watch out for the revert rate.

Any catches?

The annual fee will jump from $49 to $149, after the first year so if you’ve been sold on the lower number, know it’s going up.

While additional cardholders are a great way to rack up extra points, it’ll cost you $90 per extra card.

Rewards program details

Rates and fees information correct as at 22 August 2018.

What your points get you

Fly Sydney to London

299,000 points

Fly Sydney to Melbourne

19,500 points

$100 Giftcard

20,900 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, Asia Miles or Emirates Skywards.

Points uncapped for eligible international purchases.

Instant discounts via Citi World Privileges

Special offers

Receive 100,000 points when you spend $3,000 within 90 days from card approval. T&C’s apply.

Value of rewards points

Spend $40,000 (Visa)

Spend $20,900 (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
  • 20.99% p.a.

  • none

  • 0% p.a. for 15 months and then 21.74% p.a. (1.00% balance transfer fee)

  • yes

  • 21.74% p.a.

  • 55

Fees
  • $149.00

  • $49 in the first 1 year

  • none

  • none

  • $10.00

  • 3.5%, min $3.50

  • 3.40%

  • $7.00

  • $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.

Rewards program details

Rates and fees information correct as at 22 August 2018.

What your points get you

Fly Sydney to London

299,000 points

Fly Sydney to Melbourne

19,500 points

$100 Giftcard

20,900 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, Asia Miles or Emirates Skywards.

Points uncapped for eligible international purchases.

Instant discounts via Citi World Privileges

Value of rewards points

Spend $40,000 (Visa)

Spend $20,900 (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
  • 20.99% p.a.

  • none

  • 0% p.a. for 26 months and then 21.74% p.a. (2.50% balance transfer fee)

  • yes

  • 21.74% p.a.

  • 55

Fees
  • $149.00

  • $49 in the first 1 year

  • none

  • none

  • $10.00

  • 3.5%, min $3.50

  • 3.40%

  • $7.00

  • $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.

Customer Reviews

How are Citi credit cards rated by the Mozo community?

Overall customer rating
5.7/10
Price
5.0/10
Features
5.8/10
Customer service
5.5/10
Convenience
5.5/10
Trust
5.7/10

Latest reviews of Citi Platinum

  • Overall
    5/10
    Average overall

    High interest rates and their membership fee is too expensive.

    High interest rates and their membership fee is too expensive.

    Price
    3/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Ophelia | NSW

    10 Jan 2017

  • Overall
    6/10
    Good credit card provider

    I enjoy the fact that there are no annual fees. Customer service is also pretty good.

    I enjoy the fact that there are no annual fees. Customer service is also pretty good.

    Price
    7/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Elsie | VIC

    06 Jan 2017

  • Overall
    8/10
    Low fees and great features

    I like this bank, they provide excellent service.

    I like this bank, they provide excellent service.

    Price
    6/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10

    Robert | VIC

    11 Apr 2016

  • Overall
    5/10
    Disappointing

    Just before Christmas I decided to clear the balance on my credit card so that I would not...

    Just before Christmas I decided to clear the balance on my credit card so that I would not forget, I now find out that I owe two months balance as the payment was just added to my credit balance and was not used to clear my purchases! not only do I have to pay the amount again but I was charged interest!!

    Price
    2/10
    Features
    2/10
    Customer service
    5/10
    Convenience
    6/10
    Trust
    3/10

    A | NSW

    07 Mar 2016

  • Overall
    10/10
    Great interest rate and interest free days.

    It is one of the best banks that I have delt in the recent past. I have been with them with over...

    It is one of the best banks that I have delt in the recent past. I have been with them with over 6 months and it was one of the wisest decision that I have made.

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

    Tapan | NSW

    04 Mar 2016

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.

See Citi credit cards