Citibank Platinum Credit Card

Citibank Platinum Visa Card
	2.9%p.a on balance transfers for 18 months Credit limit up to $100,000# Personal concierge service 24/7 Personalised rewards programØ Free international travel insurance^ Minimum income requirement $70,000pa

Terms & Conditions
~Please note that, subject to acceptance, you will be billed no annual fee in the first year. You will be billed an annual fee in the second year which is currently $250 for the primary card and $90 for the secondary card.
* Citibank Credit Cards are currently offering an introductory rate of 4.9% on balances you transfer. Fees and charges apply. Terms and conditions apply and are available on request.
† Balances transferred are repaid before other cash advances and retail purchases. Transactions made other than with this offer will be subject to interest at Citibank's standard Silver, Gold & Platinum credit card rate, currently 19.24%p.a., which is variable and subject to change.
# Actual credit limit will be assigned based on Citibank credit criteria subject to confirmation that you earn a minimum of $35,000 p.a. and subject to your credit rating.
Ø Redemption of Platinum Rewards are subject to the Terms and Conditions of the Citibank Platinum Rewards Programme.
^ International Travel Insurance and Transport Accident Insurance are underwritten by Zurich Australia Insurance ABN 13 000 296 640 AFSL No. 232507 and are subject to the Terms and Conditions and exclusions contained in the Policy of Insurance.
° A Citibank Credit Cardholder must be a member of the Qantas Frequent Flyer program to redeem Reward points for Qantas Frequent Flyer (QFF) points. A joining fee applies. Membership of the QFF program is subject to Qantas Frequent Flyer Terms and Conditions. QFF members can redeem Reward points at a rate of 1 Reward point for 1 QFF point. The initial redemption must be 5,000 Reward points. Subsequent redemptions must be in blocks of 5,000 Reward points.

Remember the right card for you will greatly depend on your spend, repayment, outstanding balance habits. As a general rule:

• Low Rate Cards don’t have rewards programs (there might be partner discount programs), charge annual fees, and have introductory balance transfer offers.
• No Annual Fee Cards have interest rates between 13-16%, don’t have rewards programs (there might be partner discount programs).
• Reward Program Cards have interest rates higher than 16%, annual fees above the $80 mark and reward program fees might be on top of this.

You will notice that cards generally charge a higher interest rate for cash advances than they do for purchases, the reason for this is the banks see these types of transactions as a higher risk. If you think that you will need to obtain cash advances from time to time make sure you go for a product that offers a low interest rate on such advances. The reason being is that any payments you make will come off the lowest interest bearing balance first, therefore leaving you with high interest bearing cash advances.

Products that offer a cash back actually give you cash back on your monthly statements. You receive a small percentage of cash back for the purchases made. Products that offer cash back programs are limited.

All information on the site is given without warrenty and does not take into account your specific financial position. The information is written in general terms and therefore care needs to be taken when applying this information to your situation.