The Citi Classic Card allows cardholders to earn rewards points for every dollar spent on eligible transactions with the Citi Rewards Program. Like many rewards credit cards, this one has no shortage of perks and benefits.
Cardholders can also enjoy complimentary purchase cover insurance, a free bottle of wine when dining at participating restaurants, as well as a cashback offer on retail purchases in the first 90 days. This credit card also includes access to Citi World Privileges, which provides exclusive offers on entertainment, dining, travel and more.
For all of these benefits, the Citi Classic Card has a moderately low annual fee in the first year, which reverts to a higher fee from the following year. As can be expected, the interest rate on purchases and cash advance rate are both high.
- Earn rewards points
- Complimentary insurance
- Interest-free balance transfers
- High interest rate
- Annual fee charged
- Fee for additional cardholders
Who is it good for?
The Citi Classic Card’s main benefit is the ability to earn rewards points in the Citi Rewards Program. If you are already a Citi Rewards member, this credit card could provide an obvious incentive to boost your rewards points.
Like all rewards credit cards, this card is more suitable for customers who regularly use a credit for their everyday transactions, big and small. Rewards cards incentivise you to spend more, so customers who are already moderate-to-big spenders will likely see more value from this card.
Customers with existing credit card debt could also take advantage of the Citi Classic Card’s interest-free balance transfer offer of 15 months. However, make sure your debt can realistically be paid off in this amount of time, as any remaining balance will then revert to the same high interest rate on balance transfers.
What RateCity says
The Citi Classic Card comes with all of the standard bells and whistles of a rewards credit card, including higher fees and interest rates. The Citi Classic Card lets you earn rewards points with the Citi Rewards Program. Like all rewards programs, it’s worth weighing up whether this is the right one for you before committing.
Frequent shoppers and lovers of dining out can take advantage of the complimentary purchase cover insurance and free bottle of wine at participating restaurants. This, along with access to Citi World Privileges, makes this credit card more suited to customers who enjoy the VIP treatment.
The Citi Classic Card offers a similar number of perks and benefits as other rewards cards on the market. This credit card could certainly provide value to particular customers, especially current Citibank customers, but this will depend entirely on the individual’s circumstances.
To apply for the Citi Classic Card, you can fill out an online application form in just 15 minutes and should receive a response within 60 seconds. To apply online, you will need to provide details on your employment status, income, expenses, as well as some form of identification. To be eligible for a Citibank credit card, you must be at least 18 years old with a good credit rating, and be an Australian citizen or permanent resident.
About the lender
Citibank was originally founded in 1812 in New York City, and was then known as the City Bank of New York. Citibank is a subsidiary of international banking corporation Citigroup. Still headquartered in New York, today Citibank is a multinational with more than 2,500 branches in 19 countries around the world, including Australia. Australian customers can contact Citibank 24/7 via Citiphone banking services for everyday banking, credit card enquiries, rates and more.