Emirates World Mastercard
- Last updated on 07 Aug 2020
ANZ Low Rate
Balance Transfer
0% P.A. for 22 months on balance transfers and $0 Annual Account Fee in First Year with an ANZ Low Rate credit card (1.5% Balance Transfer Fee applies).
Purchase Rate
12.49%
Annual Fee
$0
for 12 months then $58
Purchase Rate
21.49%
Balance Transfer Rate
0%
for 9 months then 22.24%
Annual Fee
$149
for 12 months then $299
Max Free Days
55
$30
Pros
- Balance Transfers Available
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Price guarantee
- Extended warranty
- Concierge
- Special events
- Partner discounts
- Airport lounge
Card Level Premium | Number free supplementary 4 |
Interest Free Days Interest Free Days 55 | Annual Fee Annual Fee $149 for 12 months then $299 |
Maximum credit limit $100k | Late Payment Fee $30 |
Minimum credit limit $15k | Over limit fee |
Minimum repayment dollars $30 | Duplicate statement fee $0 |
Minimum repayment percent 2% | Supplementary card annual fee $0 |
Purchase Rate Purchase Rate 21.49% |
Cash advance rate 22.24% |
Balance Transfer Rate Balance Transfer Rate 0% for 9 months then 22.24% |
Transfer Limit 80% of the approved credit limit |
Balance Transfer Fee $0 |
Foreign Exchange Fee 3.4% on Mastercard |
Overseas charges Overseas charges $5 |
Estimated ATM Cost - |
Program name Emirates Skywards |
Rewards Available International Flights, Gift Card |
Minimum age 18 |
Minimum income $75k |
Eligibility conditions |
Residency |
Earn Rates
| Rate | Card Type | Earns | Condition |
|---|---|---|---|
| 1.5 points for $1 spent | Mastercard | uncapped | airline tickets purchased via emirates.com |
| 1.25 points for $1 spent | Mastercard | uncapped | eligible international transactions |
| 1 point for $1 spent | Mastercard | Up to $3k monthly | eligible domestic transactions |
| 0.5 points for $1 spent | Mastercard | Up to $10k monthly | eligible domestic transactions |
Perks
- FREE DOMESTIC TRAVEL INSURANCE Available for up to 14 days when you use your card to pay for return domestic travel
- FREE INTERNATIONAL TRAVEL INSURANCE Available when you use your Card to pay for return international travel
- FREE SUPPLEMENTARY CARDS
- PURCHASE PROTECTION INSURANCE Covers up to $10,000 per item and $200,000 per year
- PRICE GUARANTEE If you purchase personal goods in Australia and then find the same product advertised later at a cheaper price within 60 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is less than $500.
- EXTENDED WARRANTY
- CONCIERGE
- SPECIAL EVENTS Each event will be subject to separate terms and conditions
- PARTNER DISCOUNTS
- AIRPORT LOUNGE Up to two entries per year into any Emirates lounge in Australia
Complimentary chauffeur-drive transfer to and from an Australian airport once every calendar year if you purchase a ticket on an Emirates long haul flight in Economy class. Receive a complimentary bottle of wine every time you dine at a partner restaurant and pay with your Citi card.
New customers must have an Emirates Skywards membership number before applying. Late Payment Fee of $30 each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.
Compare and review credit cards with similar features
Citibank Australia (Citi) is part of one of the world’s largest financial services organisations, Citigroup. Citigroup has a presence in over 100 countries and has been providing consumer finance to Australians since 1985.
The group’s culmination of global experience enables them to offer some of the world’s most innovative financial services including foreign currency deposits, credit cards, home loans, savings accounts, term deposits, insurance and transaction accounts.
Their customer services also extend to corporate, institutions and governments. Diners Club, Citi Smith Barney, Citi Investment Research and The Citi Private Bank are all esteemed brands operating under the Citi Australia umbrella.
Citi customers can reach customer support by contacting them via:
- Customer service (phone, email, branch)
- Mobile app
- Online banking
- Mobile banking staff
Features
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.
Pros
- Emirates Skywards rewards
- Complimentary insurance
- Four free additional cardholders
Cons
- 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.
Applying/eligibility
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.
About Citibank
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.
Nick Bendel
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
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