The Citi Clear Platinum Visa credit card is Citi’s low-rate card. The card has a moderate annual fee, moderate interest rates and moderate interest-free days. The card does not have an associated rewards scheme, but does allow up to four additional card holders (age 16 or over) at no extra cost.
The Citi Clear Platinum Visa comes with four free insurances, including transit accident insurance, purchase cover insurance, extended warranty insurance, and a guaranteed pricing scheme. The card also offers Visa Platinum Privileges. With Visa Platinum Privileges, customers can purchase in-demand tickets before they’re open to the public.
In addition to Visa Platinum Privileges, the Citi Clear Platinum Visa provides the Citibank Dining Program, which gifts a free bottle of wine to customers when they dine at hundreds of participating restaurants.
- Four free additional cardholders
- Four complimentary insurances
- Visa Platinum Privileges
- No rewards scheme
- Charges an annual fee
- Moderate interest rates
Who is it good for?
The Citi Clear Platinum Visa credit card has a moderate interest rate that makes it suited to customers who struggle to clear their credit debt each month. The card also has a moderate number of interest-free days that can help budget-conscious card holders take control of their debt.
This card may not be appropriate for potential card holders seeking a rewards scheme that will grant them points or cash back for their eligible purchases. While the card has reasonable rates and fees, the card does not have a rewards scheme.
Because the Citi Clear Platinum Visa credit card charges an annual fee, this card probably won’t suit customers in search of a no-fee credit card option. However, this Platinum Visa card has only a moderate annual fee.
What RateCity says
This credit card has reasonable rates and fees, but does not have overwhelming benefits for customers who want low rates and no fees, nor does it have any particular advantage to card holders who want to take advantage of a reward scheme.
The Citi Clear Platinum Visa does offer customers some benefits, including four complimentary insurances, the Citibank Dining Program and Visa Platinum Privileges. However, it does not offer a rewards scheme that allows customers to earn points or dollars and redeem them for products or perks of their choosing. As such, customers who want a rewards scheme that offers choice and variety should look elsewhere.
Though the Citi Clear Platinum Visa is Citi’s low-rate card, the moderate fees and rates may not suit budget card holders who wish to minimise unnecessary costs. Those who want to eliminate fees may benefit from a card with no annual fee.
Eligible applicants must be at least 18 years of age and have a good credit rating. Card holders must also have a minimum annual income of $35,000 or more. When applying, applicants will need to provide proof of income, such as recent payslips or bank statements, as well as a form of identification and employment details. Self-employed applicants should submit accountant details. Customers can apply online through a secure application.
Citi, also known as Citibank, is one of the world’s largest financial services organisations. Citibank was founded in New York in 1812 and was granted a full banking licence in Australia in 1985. Citibank’s Australian headquarters are located in Sydney. Citi offers credit card services and wealth management to consumers, as well as corporate and investment banking and trade solutions to businesses. Customers can contact Citibank representatives online or over the phone.