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Citi

Citi Rewards Platinum Credit Card

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Citi
Medium rewards platinum credit card

Good For

Rewards Balance Transfer Offers Special Offers Perks Max Interest Free Days lowest Monthly Repayments

  • Type: Visa
  • Level: Platinum

All Offers

Balance Transfers Offers 0% p.a. for 24 months then 21.74%
1.5% balance transfer fee
Introductory Offers N/A
Special Offers Earn 100,000 bonus rewards Points when you spend $3,000 within first 90 days from card approval

(until 31 January 2018)

Rates & Fees

Ongoing Purchase Interest Rate 20.99% p.a
Annual Fee $149
Maximum free days Up to 55
Late Payment Fee $10
Over Limit Fee $0

Overseas Spending

Currency Conversion Fee 3.4%
Overseas ATM Charges $5
Estimated ATM Cost for AU$300 withdrawal $15.20

Rewards

Points per $1 spent 1
Rewards Available Frequent Flyer, Shopping, Cashback & more
Value of Rewards $138.51 after $149 annual fees
Additional Fee for Reward Card $0

Perks

Travel Insurance Up to 180 days
International
VIP Perks
  • Price guarantee scheme
  • Rental vehicle excess insurance
  • Extended warranty
  • VIP Seating
  • Concierge service available
  • Invitation to special Events
  • Partner purchase discounts

Repayment Details

$ Minimum Repayment $30
% Minimum Repayment 2%

Application Requirements

Minimum Credit Limit $6,000
Maximum Credit Limit $100,000

There are many Citi credit cards that all offer responsible cardholders different features, rates and benefits. The Citi Platinum Rewards Credit Card offers a basket of complimentary services, rewards and other perks, alongside a tempting low balance transfer rate deal for new cardholders.

For the buyer who knows how to get the most out of a rewards program, this product could be worth a look. They'll have to be as savvy with spending as they are with rewards, however — higher than average interest rates mean buyers don't want to end up playing catch-up with their credit card statement.

The key benefits of the Citi Platinum Rewards Credit Card

Those on the lookout for low balance transfer rates will be immediately drawn to the Citi Platinum Reward Credit Card. New cardholders can make use of a 24-month-long 0 percent balance transfer rate, which reverts to the 21.74 percent cash advance rate after this period. In the right hands, this could save more on interest than looking at low balance transfer credit cards.

Along with this, cardholders who make sure to pay their closing statement balance each month will be treated 55 interest-free days on purchases. This is just as well, given the regular retail purchase rate is a fairly steep 20.99 percent.

The true benefit in this Citi credit card, however, is when these features are combined with the rewards on offer. When you spend:

  • 1 point per $1 spent on eligible Domestic Spend (up to $10,000 per statement period)
  • 1 point per $1 spent on eligible International Spend (uncapped).

All of this is up to an annual limit of 250,000 points.

Those who like fine dining have the chance to enhance the experience with this Citi Visa, too. With the Citibank Dining Program, just go to a partner restaurant and tell them you're a cardholder, order one main per person or spend more than $50 on a sharing menu, and pay for the meal with your Citi Platinum Rewards Credit Card. You'll get a free bottle of wine for your troubles.

Finally, there are a number of additional privileges that come with being a holder of a Citi Platinum Rewards Credit Card:

  • A 24-hour concierge service
  • Visa Frontline access that lets you book tickets for concerts, shows and sports events before they go on sale
  • Exclusive entertainment and travel offers
  • Discounts on movie tickets, dining, theme park entry and more
  • Complimentary international travel, extended warranty and purchase cover insurance
  • The ability to track payments online

You can have up to 4 additional cardholders enjoying these benefits, and while you have to be at least 18 years old, they need only be 16. It will be $90 for each supplementary card, however.

The Citi Platinum Rewards Credit Card rates and fees

While these may be very tempting benefits, they don't come cheaply. The fees and interest rates on the Citi Platinum Reward Credit Card are on the higher side of things:

  • A 20.99 percent purchase rate
  • A 21.74 percent rate on cash advances
  • A $49 annual fee in the first year, and a $149 annual fee in each following year

Note that, as generous as the 0 percent balance transfer rate offer is, you can only transfer up to 80 percent of your credit limit — which itself has a maximum cap of $100,000.

Applying for the Citi Platinum Rewards Credit Card

As with most things nowadays, the application process for the Citi Platinum Rewards Credit Card is all online. You only need to fit certain criteria:

  • Be over 18
  • Hold a good credit rating
  • Be a permanent resident
  • Make at least $35,000 a year

You'll also need to supply documents proving your identity and income details.

More about Citi

Citi has a wide offering of credit cards for new and existing customers, a number of which feature rewards. Its range includes the Citi Signature, Citi Platinum, Citi Classic, Citi Simplicity, Citi Clear Platinum, Citi Prestige, Emirates Citi World Mastercard and Citi Qantas Signature.