Citi offers a range of Credit Cards, including reward cards, balance transfer cards, and credit cards with no annual charge. Each program offered by Citi has a different interest rate and cost structure.
For those who want to chase points, Citi provides a robust rewards program that is accessible through its rewards cards. A variety of products and services are available in return for reward points. Also, Citi offers access to its Citibank Dining Program, where you can obtain special perks for foodies.
Citi offers an Emirates Skywards credit card for travelers. By doing this, you can accumulate Skywards Miles from your purchases. Assuming these cardholders can afford these expenditures in order to make use of the perks provided, it does come with high rates and fees as well as a high maximum credit limit.
So today we will take you through the top Citi Bank Credit Cards and their benefits, history, eligibility, and more. So let’s get to it.
History of Citi Bank
Citibank, N. A. (N. A. stands for “National Association”) is the primary U.S. banking subsidiary of financial services multinational Citigroup. As the City Bank of New York, Citibank was established in 1812 and later changed its name to First National City Bank of New York. The bank has 1,494 branches in Mexico run by its subsidiary Banamex and 2,649 branches worldwide, including 723 locations in the United States. The six major cities of New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami are home to the majority of the U.S. branches.
The National City Bank of New York was first established as the City Bank of New York. It was crucial in the development of war bonds. It has participated in world affairs, such as the American invasion of Haiti.
Citi Bank Credit cards
Citi Clear Credit Card
- Balance transfers are tax-free for 36 months.
- No cost for balance transfers. First-year yearly fee discounts of 50%.
- Minimal ongoing buying costs and free insurance coverage.
- Additional cardholders up to 4 are free.
- While you have a balance transfer, there are no interest-free days that apply to retail transactions.
Citi Rewards Card – Purchases and Balance Transfer Offer
- 14 months of 0% p.a. on purchases and balance transfers.
- No BT charge.
- Pay a one-time price of $0, then a yearly fee of $149.
- Insurance for retail purchases and vacation are both complimentary.
- Get Citi reward Points for qualifying purchases.
Citi Clear Card – Cashback Offer
- Return of $400.
- Applying minimum spend and T&Cs.
- 15 months at 0% per year on balance transfers with no BT fee.
- Reduced annual charge for the first year, with special savings and free insurances.
Citi Simplicity Credit Card
- No annual or late fees.
- Purchases and balance transfers are tax-free for six months (no balance transfer fee applies, reverts to the cash advance rate).
- Many complementary insurance perks and coverages.
Citi Bank Reward Cards
Citi Rewards Credit Card – Velocity Points Offer
- Bonus Velocity Points of 70,000.
- Applying minimum spend and T&Cs.
- 6 months at 0% p.a. on balance transfers with no BT fee.
- Unlimited gaining of points.
- A variety of free insurance coverages.
Citi Premier Qantas Credit Card
- Qantas Points bonus of up to 100,000.
- Spend $6,000 on eligible purchases within 90 days of approval to earn 70,000 bonus points, and hold onto your card for more than 12 months to earn 30,000 bonus points.
- Complimentary Passes to Priority Pass lounges and travel protection. Applying T&Cs.
Citi Premier Card – Cashback Offer
- 0% p.a. on debt transfers for six months with a rebate of $600.
- when you spend $2,000 on permitted transactions with Apple within 90 days of approval.
- $150 annual cost waived the first year and every year after that.
- T&Cs and the minimum expenditure apply.
Citi Premier Card – Velocity Offer
- Bonus Velocity Points of 80,000.
- Applying minimum spend and T&Cs.
- Two complimentary airport lounge visits every year, limited-time Lux Exclusive hotel offers plus, complimentary insurance covers.
Citi Premier Card
- Bonus Citi reward Points of up to 200,000.
- Get 50,000 when you retain your card for more than a year and 150,000 when you spend $7,000 on eligible transactions within 90 days.
- Reduced yearly charge for the first year and a six-month period of 0% p.a. interest on balance transfers.
- Get free insurance protection.
Citi Prestige Credit Card
- 300,000 Citi reward points in addition.
- Applying minimum spend. Balance transfer interest rates of 0% per year for six months and a reduced annual fee of $350 for the first year.
- Earn up to 3 Points for every dollar spent, and a free Priority Pass grants you unrestricted access to airport lounges.
- Additional travel insurance internationally.
Emirates Citi World Mastercard
- Bonus Skywards Mileage of 60,000. The terms are.
- The first year is half off the annual charge.
- Get 1.25 Skywards Miles for every $1 spent on eligible international purchases and 1 Skywards Mile for every $1 spent on eligible domestic purchases (up to $3,000). (uncapped).
Eligibility criteria.
There are a few eligibility checkboxes you need to check before you can apply for a Citi credit card (or any other credit card).
The eligibility requirements for each card vary significantly, however, all Citi cards come with the following features:
- Australian nationality. You must be a permanent resident or an Australian citizen.
- Employment. You must be employed permanently, either full- or part-time, or be self-employed.
- Financial history. You ought to have an excellent credit history and score. It just takes a few minutes to obtain a free copy of your credit report and score if you are unsure of what is on your credit file.
- Age. You have to be older than 18 years old.
How long is the application process?
When you have all the information you need to complete the application form on Citi’s secure website, it only takes a few minutes to apply. After you fill out and submit the form, you’ll receive a reply within 60 seconds with information on how to proceed with your application.
Information and paperwork required for application
Citi credit card applications require a combination of universally required information and information unique to your residency in Australia and your source of income. This comprises:
- Personal information. Your complete name, birthdate, contact information, family circumstances, and if you own or rent a property. A recent utility bill, your driver’s license, your Australian passport, your Medicare card, or a copy of your visa are further proof of residence and residency.
- If you have a temporary or contract job. Contact information for your employer, information on your primary occupation, and any supporting documents, such as your two most recent paystubs and Tax Assessment Notices.
- If you work for yourself. Name of your accountant, name of the accounting firm, and phone number. As additional supporting documents, you must submit your two most recent tax assessment notices, income tax returns, or profit and loss statements.
- If you have a pension or are retired. information about your financial situation and supporting documents, such as your most recent pension statement, an annual superannuation statement with an indexed pension amount, or three months’ worth of personal bank statements with consistent credits or cash deposits.
- Financial information. Your earnings and possessions, such as savings or investment gains. moreover to normal costs like your rent, mortgage, electricity, and grocery bills.
- Indicate if you have a full-time or part-time job. Your current employment status, employment type, and contact information for your employer. further supporting records such as two most recent paystubs, income-revealing bank statements, or your most recent Tax Assessment Notification.
Advantages of applying for a Citi credit card.
Although each Citi credit card has unique features, all of them offer the following advantages:
Offers for shopping.
Through Mastercard Priceless, Citi credit card holders get access to discounts and promotional offers at eateries, shops, hotels, and other businesses.
On the Mastercard Priceless website, you can view the most recent promotions. Depending on your account preferences, Citi can also send you personalized emails.
Mobile payments.
You can add your Citi card to an app that accepts payments on mobile devices and tap to pay if you wish to make purchases using a phone or another mobile device.
PayAll by Citi.
You can use Citi PayAll to pay your rent, student fees, childcare expenses, property fees, and other payments using your credit card. You’ll need the Australian bank account information for everyone you want to pay because it works similarly to a bank transfer.
Moreover, you can earn 0.5 points for every $1 spent with the Citibank Qantas Rewards program or the Emirates Skywards program, or 1 point for every $1 spent with a Citi Rewards credit card.
With the mobile app, you can set up Citi PayAll payments, or you can read more about it on the Citi website.
Citi Mobile App.
You may quickly check your balance, pay bills with Citi PayAll, add your card to Apple Pay, and convert purchases or your credit limit into one of the available installment plans using the Citi app.
With a 4.7 rating from more than 14,000 reviews, it was ranked among the top 100 banking apps in the Australian App Store in January 2023. It received a 3.0 rating out of over 9,000 reviews on Google Play.
Conclusion
Whether you’re searching for high rewards or to avoid fees, Citi offers credit cards for a variety of users. Citi offers 0% balance transfers over an extended period if you need some breathing room from your credit card debt. This may be a useful tool for some customers, provided you refrain from making any further purchases and pay off your debt.
There are many benefits in Citi’s rewards program that you might not discover with other credit card issuers, like the Citibank Dining Program. Because of this, it might be a viable option for some point chasers. The possibility of accumulating Emirates Skyward Miles may be appealing to visitors from abroad. Also, Citi provides free travel insurance.
The fact that Citi is a global brand is a significant advantage of teaming forces. Despite the possibility that smaller credit card issuers may supply cards with reduced rates or fees, Citi is a practical option in terms of your access to card benefits and customer care around the world.
FAQ
Q1. What benefits can I expect from Citi Rewards credit cards?
Citi Rewards credit cards offer a range of benefits, including the ability to earn points that can be redeemed for cashback, gift cards, shopping at Kogan.com, and travel. You can also transfer your points to partner programs such as Velocity Frequent Flyer, Flybuys, and Singapore Airlines KrisFlyer. In addition, Citi Rewards credit cards come with a variety of perks, such as complimentary travel and purchase insurance, airport lounge passes, a concierge service, and a free night for eligible hotel bookings with the Citi Prestige card.
Q2. What is a Citi balance transfer credit card, and how does it work?
Citi balance transfer credit cards offer an introductory low or 0% interest rate when you transfer debt from other Australian cards, lines of credit, or personal loans not issued by Citi. This can be a useful way to consolidate your debt and save money on interest. However, it’s important to note that you won’t get interest-free days on purchases when you’re paying off a balance transfer on a Citi card. To get the most value from the balance transfer offer, it’s best to focus on paying off the transferred balance first.
Q3. What is the Citi Simplicity credit card, and who is it best suited for?
The Citi Simplicity credit card is a $0 annual fee card that offers complimentary insurance options for shopping and transit accident insurance. However, it has a relatively high-interest rate of 21.49% p.a. for purchases. This card is best suited to people who can pay off their balance each month to take advantage of interest-free days and who want a simple, no-frills credit card with no annual fee.