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Platinum (Balance Transfer Offer)



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentVisauncappedeligible international transactions
1 point for $1 spentVisaUp to $10,000 monthlyeligible domestic transactions
  • Free International Travel Insurance Available when you use your Card to pay for return international travel
  • 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


The Citi Platinum credit card has a high credit limit, high interest rates and a moderate number of interest-free days. The card charges no annual fee in the first year before charging a moderately high annual fee ongoing.

This card earns points on eligible purchases through the Citi Rewards program. With the Citi Rewards program, card holders collect 1 point per $1 spent on domestic purchases up to a certain amount per statement period. Customers also receive 1 reward point per $1 spent on eligible overseas purchases. Points earned on international spend are uncapped.

The Citi Platinum card comes with four complimentary insurances, including travel, transit accident and extended warranty insurance. It also offers 0 per cent interest on balance transfers for 26 months for customers wishing to transfer existing debt.

  • 0% balance transfer offer
  • Four complimentary insurances
  • Earns rewards points
  • Charges an annual fee
  • High interest rates
  • Additional cardholder fee


Who is it good for?

The Citi Platinum credit card could be well-suited to potential card holders looking to transfer existing debt. The card offers 26 months interest-free for balance transfers, which might make it a sensible choice for customers looking to pay off existing debts. However, because of the high interest rates after the deal expires, this card may be best for card holders who believe they can clear their debt within the 26-month timeframe.

This credit card may also be a good fit for customers in search of a flexible rewards scheme. The Citi Rewards program allows card holders to redeem points for a wide range of benefits and merchandise.

The Citi Platinum is not particularly suited for international use. The card charges an international transaction fee for any purchases in a foreign currency, as well as purchases made in Australian dollars through vendors located overseas.

What RateCity says

The Citi Platinum credit card offers a rewards program with a range of redemption options. Rewards points can be used for a statement credit, cash back, frequent flyer miles or products from the Citi Rewards Store. The card earns points at a reasonable rate of 1 reward point per $1 spent on eligible purchases.

One of the benefits of the Citi Platinum card is its balance transfer offer. Offering 26 interest-free months on balance transfers, this may be a beneficial card for customers with existing credit card debt. After this offer has expired, card holders can still take advantage of other benefits, such as the rewards scheme.

However, card holders should be aware of the moderately high annual fee after the first year, as well as the high interest rates. Potential card holders should consider whether they will be able to pay their bill in full each month.


Applying for the Citi Platinum credit card takes only 15 minutes using a secure online application. You must be at least 18 years old and an Australian resident to be eligible. You also must earn more than $35,000 per year. When applying, be sure to have certain information nearby, including employment details, gross income and monthly expenses. For balance transfers, you’ll also need the account details and the amount being transferred.

About Citi

Citibank, also called Citi, is a part of Citigroup, which is one of the world’s largest financial services organisations. Citibank began operating in Australia in 1985 as the first foreign bank to be granted a banking licence, and is now the largest international bank in the country. Citi’s financial services include credit cards, everyday banking, loans, insurance, investments and wealth management. Customers can contact Citibank via phone and email, or by visiting a Citibank branch.

​Nick Bendel is a senior property and personal finance writer for RateCity, and an experienced journalist with numerous writing credits to his name. To date. He covers property, home loans, credit cards, superannuation and other bank products, and loves getting elbow-deep in the latest ABS, APRA and RBA data.​

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