Thumbnail icon for Citi

Citi Rewards Credit Card

Purchase rate
21.49% p.a.
Balance transfer rate
0% p.a. for 30 months and then 22.24% p.a. (1.50% balance transfer fee)
Annual fees
$149 $49 in the first year
Interest free days on purchases
55
Go to site

Mozo editorial review Citi Rewards Credit Card

Last updated: 15 October 2020.

binocular icon
What's hot
  • 0% p.a. balance transfer rate for 30 months (1.5% BT fee)
  • $0 annual fee in the first year ($199 after)
  • 1 point per dollar on Mastercard, up to $10,000 per month
  • 2020 Mozo Experts Choice Award winner
What's not
  • High 21.49% purchase rate
  • High 22.24% cash advance rate
Mozo snapshot

Looking to blast away debt? Choose the balance transfer offer with the Citi Rewards card and you’ll get a leisurely 30 months interest-free to pay off transferred balances (1.5% BT fee applies), plus pay no annual fee in the first year while you’re getting a handle on your debt ($199 afterwards).

Need more convincing? This year Citi took home a 2020 Mozo Experts Choice Award for Best Balance Transfer Platinum Credit Card. 

key icon
Key features

By choosing the Citi Rewards Balance Transfer Offer you can snag 30 months of 0% p.a. interest to pay off your existing credit card debt (offer ends 30 November 2020). Just keep in mind that leftover balances after this period will start attracting interest at a revert rate of 22.24% and there is a 1.50% BT fee to consider. And it's important to note that you won't have interest free days on new retail purchases while you have a balance transfer.

If that wasn’t enough, you’ll pay no annual fee in the first year of having this card, giving you some extra breathing room to manage your existing debt. After the first year, the annual fee rises to $199.

On regular spending, you’ll get up to 55 interest free days, plus you'll be able to earn 1 point per $1 spent, up to $10,000 a month. The card can be linked to Apple Pay and Samsung Pay, plus it comes with perks like a complimentary travel insurance, extended warranty, purchase protection and a free bottle of wine when you dine with the Citi Dining Program.

Plus, with Citi's Payall feature, you can earn uncapped points on everyday expenses like rent, taxes, education fees, property management fees, childcare and other bills! Eligibility criteria applies. 

If you’re more of a rewards lover, check out the Citi Rewards Bonus Points offer.

snapshot
Who is it good for

This card is a great pick for anyone looking to clear existing credit card debt, then have a premium piece of plastic in their wallet for future spending.

snapshot
Any catches

The annual fee will jump to $199 after the first year so if you’ve been sold on having a low annual fee, know it’s going up. Plus, keep in mind that while you’re taking advantage of a balance transfer offer, you won’t get any interest-free days on your regular spending.

Rewards program details

Rates and fees information correct as at 26 October 2020. 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 Mastercard, 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 (Mastercard)

Spend $22,300 (Mastercard)

Spend $19,500 (Mastercard)

Spend $299,000 (Mastercard)

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.

  • none

  • 0% p.a. for 30 months and then 22.24% p.a. (1.50% 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

Citi PayAll allows you to earn Citi reward Points on everyday expenses (2% fee applies). 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
5.2/10

Based on 1280 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 Rewards Credit Card

  • Overall 0/10
    Dont choose citi bank. Terrible

    Bad customer service cant get through, leave email messages and no reply. Worst credit card company I've dealt with. They have no staff. Its been 3 months no reply still.

    Read full review

    Bad customer service cant get through, leave email messages and no reply. Worst credit card company I've dealt with. They have no staff. Its been 3 months no reply still.

    Price
    0/10
    Features
    10/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Penny, New South Wales reviewed 4 months ago
  • Overall 1/10
    Surprise fees

    I only joined because of a "no annual fee" for lifetime offer. If you are very careful it is alright. I thought I was, but even so, I have lost hundreds of dollars from unexpected fees. The last foreign currency transaction costed me $35 on top of the transaction itself.

    Read full review

    I only joined because of a "no annual fee" for lifetime offer. If you are very careful it is alright. I thought I was, but even so, I have lost hundreds of dollars from unexpected fees. The last foreign currency transaction costed me $35 on top of the transaction itself.

    Price
    1/10
    Features
    2/10
    Customer service
    2/10
    Convenience
    8/10
    Trust
    0/10
    Less
    Aximili, Victoria reviewed almost 5 years ago
  • Overall 7/10
    Great customer service

    Have been with this bank for quite a few years. Points are great if you know how to use them. Fees are ok as long as you pay in time.

    Read full review

    Have been with this bank for quite a few years. Points are great if you know how to use them. Fees are ok as long as you pay in time.

    Price
    7/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    3/10
    Trust
    5/10
    Less
    Lee, Victoria reviewed over 5 years ago
  • Overall 5/10
    Interest rate is high

    Very ordinary.

    Read full review

    Very ordinary.

    Price
    4/10
    Features
    5/10
    Customer service
    4/10
    Convenience
    7/10
    Trust
    5/10
    Less
    David, New South Wales reviewed over 5 years ago
  • Overall 8/10
    Excellent customer service and great rewards

    I like this bank because if a transaction comes from a merchant not previously used by me I get a call immediately to verify it was me. They are extremely understanding and sympathetic for late payments and reverse late payment fees and interest.

    Read full review

    I like this bank because if a transaction comes from a merchant not previously used by me I get a call immediately to verify it was me. They are extremely understanding and sympathetic for late payments and reverse late payment fees and interest.

    Price
    6/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Miriana, New South Wales reviewed over 5 years 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.

See Citi credit cards

Promoted

Citi

Citi

Clear Credit Card

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

Promoted

Citi

Citi

Rewards Credit Card (flybuys)

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

Promoted

Citi

Citi

Rewards - e-voucher Offer

21.49% p.a.

0% p.a. for 12 months and then 22.24% p.a.

$199 $99 in the first year

Promoted

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

20.74% p.a.

0% p.a. for 22 months and then 20.99% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Qantas Money

Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

Qantas Frequent Flyer

Promoted

ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Promoted

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

Promoted

NAB

NAB

Low Rate Card

12.99% p.a.

0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)

$59

Promoted

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

Promoted

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Promoted

Westpac

Westpac

Altitude Platinum

Qantas Frequent Flyer

$200 $99 in the first year

60,000

0.5 points uncapped

Promoted

Qantas Money

Qantas Money

Qantas Premier Platinum

Qantas Frequent Flyer

$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

Promoted

Bankwest

Bankwest

Qantas Platinum Mastercard

Qantas Frequent Flyer

$160

30,000

0.75 points up to $2,500/month, then
0.3 points uncapped

Promoted

St.George

St.George

Amplify Platinum

Qantas Frequent Flyer

$99

70,000

0.5 points uncapped

Promoted

Suncorp

Suncorp

Clear Options Platinum

Suncorp Rewards

$129

100,000

1.25 points uncapped

Promoted

Citi

Citi

Rewards - e-voucher Offer

Citi Rewards Program

$199 $99 in the first year

No current offer

1 point up to $10,000/month

Promoted

Bank of Melbourne

Bank of Melbourne

Amplify Platinum

Amplify Rewards

$99 $0 in the first year

No current offer

1 point uncapped

Promoted

CUA

CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

Promoted

Westpac

Westpac

Low Rate

0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

Promoted

St.George

St.George

Vertigo

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 13.99% p.a.

$55 $0 in the first year

Promoted

ANZ

ANZ

First

0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

20.24% p.a.

$30

Promoted

Qantas Money

Qantas Money

Qantas Premier Platinum

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$299 $199 in the first year

Qantas Frequent Flyer

Promoted

CUA

CUA

Platinum Credit Card

0% p.a. for 20 months and then 21.74% p.a.

19.99% p.a.

$149 $0 in the first year

CUA Platinum Rewards

Promoted

Citi

Citi

Clear Credit Card

0.90% p.a. for 15 months and then 22.24% p.a.

0.90% p.a. for 15 months then 14.99% p.a.

$99

Promoted

Bank of Melbourne

Bank of Melbourne

Vertigo

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 13.99% p.a.

$55 $0 in the first year

Promoted

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Promoted

NAB

NAB

Low Rate Card

12.99% p.a.

0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)

$59

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

Promoted

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

Promoted

Citi

Citi

Clear Credit Card

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

Promoted

ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Promoted

NAB

NAB

StraightUp Card

0% p.a.

No current offer

$120 $10/month - waived if no spend & no balance owing

Promoted

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

20.74% p.a.

0% p.a. for 22 months and then 20.99% p.a.

$129 $64 in the first year

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Qantas Money

Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

Promoted

ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Promoted

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

Promoted

NAB

NAB

Low Rate Card

12.99% p.a.

0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)

$59

Promoted

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year