Citi Clear credit card

Get $250 back to your account when you spend $3,000 in the first 90 days.

The Citi Clear credit card gives you a few ways to save money, including a discounted $49 first-year annual fee and $250 cashback when you apply by 28 April 2022 and spend $3,000 on eligible purchases in the first 90 days from card approval.

The Citi Clear also offers an introductory rate of 0% p.a. on balance transfers for the first 15 months, with no balance transfer fee. It has a competitive purchase interest rate and also gives you access to perks including Mastercard Priceless Cities, complimentary purchase insurance cover and a free bottle of wine when you dine with Citibank Dining Program partners.

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Amy Bradney-George

Last Updated Mar 26, 2021

0% p.a.

Balance transfer rate

for 15 months

14.99% p.a.

Purchase rate

$49 p.a.

Annual fee

for the first year ($99 p.a. thereafter)

55 days

Interest free period

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Details

Product Name	Citi Clear Card - Cashback Offer
Balance transfer rate	0% p.a. for 15 months
Balance transfer revert rate	Cash Advance Rate (22.24% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	14.99% p.a.
Annual fee	$49 annual fee for the first year ($99 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	22.24% p.a.
Min credit limit	$6,000
Max credit limit	$100,000
Card type	Mastercard
Foreign currency conversion fee	3.4%

Minimum income	$35,000
Available to temporary residents	No
Joint application	No

Pros

$250 cashback
0% p.a. on balance transfers for the first 15 months with no BT fee
$49 first-year annual fee ($99 p.a. thereafter)
Complimentary insurance covers

Cons

Balance transfer reverts to the high 22.24% p.a. cash advance rate
Does not offer a rewards program or travel insurance covers

Bonus points	N/A

Annual fee	$49 annual fee for the first year ($99 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

Go to Citi's site More info

Review by

Amy Bradney-George

[email protected]

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Citi Clear credit card features a $250 cashback offer which can give you extra value when you first get the card. It also offers complimentary insurance options for purchases, transit accident insurance and access to the Citibank Dining Program.

If you're more focused on interest savings, the 0% p.a. balance transfer rate for 15 months (with no balance transfer fee), could be what you're looking for. Citi is one of the few Australian credit issuers that accepts balance transfers from personal loans, as well as credit cards and store cards. Just keep in mind that don't get interest-free days on purchases when you’re paying off a balance transfer.

How to apply

You can apply for the Citi Clear credit card online in 15 minutes. Before you get started, check if you meet the eligibility criteria and have the necessary information on hand:

Eligibility criteria

Income. Earn a minimum taxable annual income of $35,000.
Eligible balance transfer debt. You can transfer balances from credit cards, store cards and personal loans not issued by Citi, up to 80% of your credit limit.

Residency. This card is only available to permanent Australian residents and citizens.
Age. Applicants must be at least 18 years of age.

Required documents

Personal details. Including your full name and proof of identification (such as your Australian driver's licence or passport).
Contact details. Such as your address, phone number and email address.
Employment. Including time spent at your current job and your employer's contact details and address.
Income and finances. You'll need to include your total gross salary as well details regarding expenditure and recurring expenses (such as any liabilities, debts, rent and school fees).
Existing debt. You'll need to provide details regarding any other credit card accounts you have, including the account number and issuing organisation's name and address.

Go to Citi's site More info

Card benefits

$250 cashback. Get $250 cashback when you apply by 28 April 2022 and spend $3,000 on eligible purchases within the first 90 days from card approval. Eligible purchases cover most of your everyday spending but transactions that won't count towards the spend requirement include cash advances, balance transfers, special promotions, interests, fees, refunds and chargebacks. The $250 cashback will be credited to your account within 16 weeks of meeting the spending requirement.
Annual fee discount. Get a discounted $49 annual fee for the first year when you apply and get approved for this card by 28 April 2022. This will revert to $99 after the first year.

Balance transfer offer. You can consolidate existing debts with a 0% p.a. interest rate for the first 15 months (with no balance transfer fee) when you apply, request the balance transfer and get approved for this card by 28 April 2022. Any unpaid balance after the promotional period ends will be charged at the variable cash advance rate (currently 22.24% p.a.).
Complimentary insurance. Cardholders can enjoy peace of mind for eligible purchases, which are covered by purchase cover insurance, extended warranty insurance, and a guaranteed pricing scheme. When you meet the eligibility criteria, you, your spouse and any dependants will also be covered with Transit Accident Insurance if you're injured during transport on an eligible trip.
Platinum benefits. You can take advantage of a free wine with the Citibank Dining Program, Citi World Privileges and more.
Mastercard benefits. With Mastercard Priceless Cities, you’ll get access to exclusive entertainment, dining, travel and other lifestyle experiences in more than 40 cities around the world.
Mobile payment technology. The Citi Clear Card allows you to use your qualifying Samsung and Apple devices to make contactless payments via Samsung Pay and Apple Pay.

Rates & fees

Annual fee. Outside of any promotions, this card charges a standard annual fee of $99.
Purchase interest rate. This card has a14.99% p.a. interest rate for purchases, which is lower than the average standard rate.

Interest-free days. When you pay your balance in full, you can take advantage of up to 55 interest-free days on your purchases. Note that interest-free days don't apply if you're carrying a balance transfer debt.
Cash advances. If you make a cash advance transaction using your card, you will be charged interest at the cash advance rate of 22.24% from the day the transaction is made. You will also be charged a one-time fee of 3.5% of the transaction amount or $3.50 (whichever is greater). If you make a cash advance overseas, the fee is $5.
Additional cards. Customers can get up to 4 additional cards at no extra cost.

Go to Citi's site More info

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91 Comments

colin
March 29, 2019

Do any of your cards have free travel insurance?

finder Customer Care

Mai
March 30, 2019

Hi Colin,

Thank you for leaving a question with Finder.

You may refer to Citi credit cards with complimentary travel insurance. On the page is a comparison table you can use to see which card suits you. When you are ready, press the ‘Go to site’ button to apply.

If you are open to any cards that come with complimentary travel insurance, see our list of credit cards with complimentary travel insurance.

Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

Hope this helps! 😊

Kind Regards,
Mai

Narsh
February 7, 2019

If I want to have $5400 as transfer amount does that mean I need to apply for $6750 so it’s 80% of the approved limit? I would like the interest free to apply to the full amount of the transfer amount

finder Customer Care

Jeni
February 11, 2019

Hi Narsh,

Thank you for getting in touch with finder.

Please note that credit card issuers will decide on your credit limit based on a variety of factors including your income, credit history, personal circumstances and sometimes even the card that you choose.

You’re right that if you are thinking to transfer your non-Citibank credit card balance of $5400, your Citi Clear Platinum’s credit limit must be $6750 or higher since this card’s balance transfer limit is 80% of available credit limit. Please have your other credit card details as balance transfer is part of the application process.

I hope this helps.

Thank you and have a wonderful day!

Cheers,
Jeni

Mahbub
January 8, 2019

If we close the Balance transfer credit card within the first year, is there any closeout fee?

finder Customer Care

Jhez
January 10, 2019

Hello Mahbub,

Thank you for your comment.

Closing a balance transfer credit card generally has the same steps as closing a normal credit card. You must make sure that all balances are paid before contacting your credit card issuer regarding your intention to close the card. If not, this may leave a mark on your credit file.

You can check our guide on how to close your credit card account.

Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.

Regards,
Jhezelyn

finder Customer Care

Jeni
January 6, 2019

Hi Lorna,

Thank you for getting in touch with finder.

This Citi Clear Platinum credit card’s current offer is 0% p.a. for 14 months on balance transfers only. If you do a balance transfer and did not pay the BT balance in full after the BT period of 14 months, the remaining balance will charge an interest of 21.74% p.a. Now, if you make purchases you are charged at 12.99% p.a. unless you keep paying your monthly bill in full on or before its due date.

I hope this helps.

Please feel free to reach out to us if you have any other enquiries.

Thank you and have a wonderful day!

Cheers,
Jeni

Prashaanth
December 19, 2018

I want to apply for this low rate CC. Please help

finder Customer Care

May
December 20, 2018

Hi Prashaanth,

Thanks for reaching out.

Just to confirm, are you interested in applying for the Citi Clear Platinum credit card? If so, you can directly apply from their main page by clicking the ‘Go to site’ button above. Please note though of the list of requirements of the card above and make sure you meet them.

In case you’d also like to check other low-rate credit cards aside from the one offered by Citi, you can use our comparison table to help you find the card that suits you. Feel free to compare the cards in the table by interest rates and annual fees. I suggest that you check and read the T&Cs of the card before you consider it’s the right one for you.

Hope this has helped.

Cheers,
May

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