The Citi Emirates World Mastercard has a high purchase interest rate, a high annual fee and a moderately high minimum credit limit. It also has a moderate interest-free period.
Cardholders of the Citi Emirates World Mastercard can earn Skywards Miles for spending on eligible purchases as part of the Emirates Skywards rewards program. Points can be redeemed for flights, upgrades and other rewards.
Complimentary insurance offered with this card includes international travel insurance, interstate flight inconvenience insurance, purchase insurance and extended warranty insurance.
Customers receive two complimentary Emirates Lounge passes and one complimentary chauffeur-drive service per year (conditions apply). As part of the Citibank Dining Program, customers also receive a free bottle of wine when dining at participating restaurants.
Additionally, this card comes with a 0 per cent balance transfer deal during an introductory period. Four supplementary cards are also allowed at no additional cost.
- Emirates Skywards rewards
- Complimentary insurance
- Four free additional cardholders
- High interest rate
- High annual fee
- High overseas transaction fee
Who is it good for?
This card is especially appropriate for people who travel regularly and are able to pay their credit card balance in full each month. Consistent spending on the card offers the potential to save money long-term by earning valuable rewards.
However, those who are members of frequent flyer programs other than Emirates Skywards may not want to make the switch. Similarly, this card’s high overseas transaction fees mean it’s not a great choice for spending overseas.
The Citi Emirates World Mastercard is also suitable for people wanting to consolidate existing debt or those looking to share a credit card account.
This card probably isn’t a suitable option for the average budget cardholder as it comes with a high interest rate – meaning the risk of accruing debt quickly is high if you don’t always pay your bill on time.
What RateCity says
The Citi Emirates World Mastercard offers a range of advantages, especially for frequent travellers. If you fall into this category, you could benefit from being able to earn frequent flyer points, as well as gain access to other travel benefits and complimentary travel insurance.
Overseas transaction fees are charged with this card, but purchases made overseas earn more points than local transactions – so it might be worth the cost depending on your spending habits and preferences.
While the card does have a balance transfer deal, if you typically struggle to pay off debt, the Citi Emirates World Mastercard may not be the right choice for you due to its high interest rate and annual fee. If this is the case, you may want to consider choosing another card with a similar balance transfer deal but a lower interest rate and/or lower annual fee.
To be eligible for the Citi Emirates World Mastercard, you must be at least 18 years old, an Australian permanent resident and earn at least $75,000 a year. You also need to have an Emirates Skywards number, which you can get by signing up at the Emirates website. As part of the application process, you will need to provide ID and details about your work and finances (such as payslips and bank statements). Applications can be completed online or at a Citibank branch.
Citibank Australia is part of Citigroup, one of the world’s largest financial services with a presence in over 100 countries. Citibank provides personal finance products such as credit cards, home loans, personal loans, savings accounts and bank accounts, among other products. They also service businesses, institutions and governments. Customer can take care of their banking needs in-branch, online, via phone or through the Citi Mobile app. You can get 24-hour customer service via phone and online.