Our verdict

Offers 0% interest on purchases and balance transfers for the first 15 months, with a 2% balance transfer fee.

This offer on the Citi Rewards Card gives you a way to save with 0% interest for 15 months on new purchases and existing balances you transfer from other cards or personal loans (as long as they’re not issued by Citi). This type of interest-free offer can be useful for people who want to pay off a card but also have to make new purchases. Plus, you’ll earn 1 point per $1 for any eligible spending – with a cap of $10,000 per statement period for eligible spending in Australia (there’s no cap overseas).

But at the end of the introductory period, the interest rate for purchases goes to 22.49% p.a. and the interest rate for any remaining balance transfer debt goes to 22.99% p.a. So you’ll usually get the most value from this offer by paying off what you owe during the introductory period.

Pros

0% p.a. on purchases and balance transfers for the first 15 months
You can earn 1 point per $1 spent
Finder Score of 8.2 in the 0% interest rate category
Discounts available at select hotels
Complimentary travel and purchase protection insurance

Cons

There is a one-time 2% balance transfer fee
High 22.49% p.a. interest rate for purchases after the introductory period
22.99% p.a. cash advance rate applies to any remaining balance transfer after the introductory period

The Citi Rewards Card earns 1 point per $1 on your eligible spending and comes with perks including complimentary mobile phone insurance and purchase protection insurance. With this introductory offer, you’ll get 0% interest on both purchases and balance transfers for the first 15 months when you apply and get approved for this card. But remember to factor in the 2% balance transfer fee and the interest rates that apply to purchases and balance transfers after the first 15 months, as they are on the higher end of the scale for credit cards.

Details

Product details

Product Name	Citi Rewards Card - Purchase and Balance Transfer Offer
Balance transfer rate p.a.	0% for 15 months with 2% balance transfer fee, then 22.99%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a.0% for 15 months, then 22.49%
Interest-free days	Up to 44 days on purchases
Cash advance rate p.a.	22.99%
Min credit limit	$2,000
Max credit limit	$100,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	Citi Rewards Program
Bonus points	N/A
Rewards points per $ spent	1
Rewards points cap	10,000

Fees

Annual fee	$199
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.4%
Cash advance fee	3.5% of transaction value or $3.50, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$90
Number of additional cardholders	4

On 1 June 2022, Citi's consumer banking business was acquired by NAB. Citi credit cards are still available for application and will have the Citi brand. However, the contract for these cards is now with NAB.

How to apply

You can apply for this Citi Rewards Card offer online in around 10 minutes and you should receive a response in 60 seconds. Before you start the application, make sure you meet the eligibility requirements and have the necessary information on hand.

Eligibility criteria

Residency. You must be an Australian citizen or permanent resident.
Credit history. This card is only available to people with a good credit score and a history free of defaults and bankruptcy. You can get a free copy of your comprehensive credit report and score through Finder.

Balance transfer debt. Balances can be transferred up to 80% of your credit limit from Australian store cards, personal loans and credit cards not issued under the Citi brand.
Minimum age. You must be at least 18 years of age to apply for a credit card in Australia.

Required documents

Personal information. Personal details such as your full name and contact details including your email address, home address and phone number.
Employment. Information about your job including your role and employer's contact details. You may also need to submit a letter from your employer declaring your income.
Financial details. You'll be asked to provide information about your income, liabilities and expenses.
Balance transfer information. If you want to take advantage of the balance transfer offer, you'll need to provide the details of those accounts.

Card benefits

0% interest on purchases for 15 months. Get a 0% interest rate for purchases you make in the first 15 months when you apply and get approved for this card.
0% p.a. balance transfer offer. Pay 0% p.a. interest for the first 15 months on balance transfers, with a one-time 2% balance transfer fee when you apply and get approved for this card. At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 22.99% p.a. Please note that purchases will not be eligible for interest-free days while you have a balance transfer.

Citi Rewards. This card earns 1 Citi Rewards point per $1 on eligible spending in Australia and internationally. There is a spend cap of $10,000 per statement period for Australian spending, but no cap for eligible international spend. The Citi Rewards Program offers a wide range of ways to use your points, including transfers to three frequent flyer programs (Velocity Frequent Flyer, Singapore Airlines KrisFlyer and flybuys), as well as travel, gift cards and cashback available through the Citi Rewards store.
My Cashback. You can receive personalised cashback offers via the My Cashback hub in the Citi Mobile App when you use your credit card.
Transfer personal loan debt. Citi is one of the few providers that allow you to transfer the balance of a personal loan to a credit card. Line of credit accounts can also be included in a balance transfer to the Citi Rewards card.
Complimentary travel insurance. Purchase your overseas travel tickets with this card and you and your family can be covered for medical expenses, trip cancellation due to unexpected circumstances, loss or theft of personal items and more.
Other complimentary insurances. This card also gives you access to extended warranty cover for eligible items and purchase protection insurance that protects you against loss, theft or damage to a covered item purchased with the card.
Luxury Escapes discount. Until 1 March 2026, you can get up to 15% off (up to $250) on Limited Time LUX Exclusive hotel offers and 10% off on international tours when you pay with your Citi credit card through the Luxury Escapes website or app.
10% off selected hotels with Expedia or Wotif. You'll get a 10% discount on selected hotels booked through Expedia and Wotif when you pay with your Citi credit card before 31 January 2026 and stay before 30 June 2026.
Mobile payment compatibility. Make payments by tapping your eligible smart device at a contactless terminal when you add this card to the Apple Pay, Google Pay or Samsung Pay wallets.
Complimentary mobile phone insurance. If you use your Citi Rewards card to pay for your phone on a contract, you can get cover for your eligible mobile phone or smartphone from accidental damage and theft for up to $1,000 per claim (up to $1,650 per year).

Rates & fees

Annual fee. This card charges a standard annual fee of $199.
Purchase interest rate. The variable interest rate for purchases is 22.49% p.a. This is higher than the average standard credit card interest rate in Australia, which is currently 20.99% p.a.

Interest-free days. If you pay your balance in full by the due date on each statement, you can get up to 44 days interest-free on purchases. You will not be eligible for interest-free days while you carry debt from a balance transfer.
Cash advances. This card charges a variable cash advance rate of 22.99% p.a. You will also be charged 3.5% of the transaction amount or $3.50 (whichever is higher) on domestic transactions, and $5 on overseas cash advances.
Foreign transaction fees. If you use your Citi Rewards Card for transactions in a foreign currency, the standard 3.4% fee will apply.
Additional cardholders. You can add up to 4 additional cardholders to the account for a $90 annual fee per additional card.
Credit limits. You can request a credit limit from $2,000 up to $100,000. The credit limit you're approved for will depend on the lending criteria and your financial history.

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Citi Rewards Card information PDF
2. Citi Rewards Card TMD

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Jess

May 28, 2025

Trying to understand the 15mth 0% interest part of this card.

If I’m wanting to purchase an item, will it be 0% interest for 15mths? Do I only have a limited amount of time to make this purchase?

Or is it that I only have the 44 days interest free period for the first 15mth?

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Richard Whitten Finder

May 29, 2025

Hi Jess,

My understanding is you get 0% interest for the first 15 months on purchases. This is a special offer which starts from the day you activate the card.

After the 15 months is over you get the standard 44 days interest free. This means from then on, you have 44 days from the start of each monthly statement period where you pay no interest. And if you don’t pay the card balance off in full by the due date you get charged interest.

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Joanna

October 19, 2024

I have car finance of $35,000.

Does this Citi offer of interest free for 15 months include this type of transfer.

Thank you

Angus Kidman Finder

October 20, 2024

Hi Joanna, The Citi offer does include the ability to transfer personal loans. The main caveat would be that if your loan was secured against the vehicle, which is a common approach with car loans, then it’s unlikely you’d be able to transfer it. If you did qualify, you’d also want to do your sums carefully, since if you didn’t pay off the full balance in the 15 months, the revert rate might well be higher than for your existing loan.

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Vicky C

August 23, 2024

The card says 0% interest rate for purchases we make in the first 15 months. Is it interest free if we use this card to make payments using payment services/apps such as Western Union Money Transfer or Remitly, etc ?

Richard Whitten Finder

September 17, 2024

Hi Vicky,

With money transfers, most credit card companies will consider this a cash advance rather than a purchase. That usually means a fee plus a higher interest rate (called the cash advance rate). I suggest checking with Citi to see if using money transfer services is considered a cash advance or a purchase first.

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Steve

August 15, 2024

Hi,

With regards to the following term “Please note that purchases will not be eligible for interest-free days while you have a balance transfer.” –

In the scenario where I transfer in for example $1,000 debt from an existing credit card:

I understand I will not be eligible for the 55 days intertest free period on purchases, but will I still get the ‘0% interest on purchases for 15 months?’

Thanks in advance

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Angus Kidman Finder

September 22, 2024

Hi Steve, yes, the 0% rate applies to new purchases on the card during the 15-month offer period. With a 0% rate, the concept of “interest free days” doesn’t apply, as no interest is being paid. However, if you haven’t paid off the original balance transfer amount at the end of the 15 months, then any new purchases after that time won’t be eligible for interest-free days. Hope this helps.

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Rich Bryant

January 15, 2024

I dont fully understand what the 55 days on purchase means? does that mean the interest free component is only 55 days and not 12 months on all new purchases?

Sarah Megginson Finder

January 30, 2024

Hi Rich, the 55 days interest free applies to purchases made after the 12-month 0% interest rate period expires.

Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

Citi Rewards Card – Purchase and Balance Transfer Offer

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