Our verdict

Offers 0% interest on balance transfers for 28 months, but make sure you factor in the 3% balance transfer fee.

The Citi Clear credit card gives you a long 0% balance transfer period with this introductory offer, which can help if you have existing debt you want to pay off. To give you an idea of the potential savings, if you transferred an average balance of $3,023 to this card and did not add to your credit card debt, you could save $890.68 over the 28-month introductory period, compared to what you'd pay if the average standard credit card rate of 20.16% was charged. This is based on Finder's balance transfer credit card comparison table calculator and factors in both the annual fee and the 3% balance transfer fee.

But if you’re still paying off your balance transfer after the introductory period, a high interest rate of 22.24% p.a. applies. Another factor to consider is the annual fee, which is $99 per year. That's not as high as some other credit card in Australia, but it's a good idea to check how much money you'll save in interest doing this balance transfer to make sure the savings outweigh the fees.

Pros

0% p.a. on balance transfers for 28 months with a one-time 3% BT fee
Extended warranty and purchase insurance options
Up to 4 additional cardholders at no extra cost

Cons

Balance transfer reverts to a high 22.24% p.a. cash advance rate
No rewards program or travel insurance

The Citi Clear credit card currently has one of the longest 0% balance transfer offers on the market when you apply and are approved. It also has a purchase interest rate of 14.99% p.a., which is competitive with other low rate cards that offer complimentary insurance and other perks. But you will be charged interest on retail purchases if you have a balance transfer.

Details

Product details

Product Name	Citi Clear Card - Balance Transfer Offer
Balance transfer rate p.a.	0% for 28 months with 3% balance transfer fee, then 22.24%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a. 14.99%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	22.24%
Min credit limit	$2,000
Max credit limit	$100,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	Annual fee $99
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	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

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 the Citi Clear Credit Card online in as little as 10 minutes. Before you begin, check you meet the eligibility criteria and have the necessary information on hand:

Eligibility criteria

Eligible balance transfer debt. You can transfer balances from credit cards, store cards and personal loans not issued under the Citi brand, 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 old.

Required documents

Personal ID. To verify your full name and proof of identification (eg. Australian driver's licence or passport).
Contact details. Including your address, phone number and email address.
Employment. Detail the time spent at your current job and your employer's contact details and address.
Income and finances. Total gross salary as well details about bills and recurring expenses (such as any liabilities, debts, rent and school fees).
Existing debt. Information about any other credit card accounts you have, including the account number and issuing organisation's name and address.

Card benefits

Balance transfer offer. You can consolidate existing debts with a 0% interest rate for the first 28 months, with a one-time 3% balance transfer fee when you apply online, request the balance transfer and get approved for this card. Any unpaid balance after the promotional period ends will be charged at the variable cash advance rate, currently 22.24% p.a.
Complimentary insurance. When you use this card for shopping, you can get access to complimentary purchase protection insurance and extended warranty insurance.

Luxury Escapes discount. Until 1 March 2025, you can get 10% off (up to $250) on Limited Time LUX Exclusive hotel offers when you pay with your Citi card through the Luxury Escapes website or app and use the promo code CITI10.
My Cashback. You can receive personalised cashback offers via the My Cashback hub in the Citi Mobile App when you use your credit card.
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, Google Pay and Apple Pay.

Rates & fees

Annual fee. This card charges an annual fee of $99.
Purchase interest rate. This card has a 14.99% p.a. interest rate for purchases, which is lower than the average standard rate according to the Reserve Bank of Australia.

Interest-free days. When you pay your balance in full, you can take advantage of up to 44 interest-free days on your purchases. Note that you will be charged interest on retail purchases 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% p.a. from the day the transaction is made. You will also be charged a one-time fee of $3.50. 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.

Sources

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Anthony

October 19, 2024

Hello, I have a current Citi Clear Credit Card. I am able to use the Balanac Transfer feature?

Angus Kidman Finder

October 20, 2024

Hi Anthony, In general, if you already have a existing card with a provider, you won’t qualify for a balance transfer offer with the same provider.

Art

August 26, 2024

Hi i wish to consolidate my loans into your citi clear balance transfer card. Currently i have a mortgage of $90000 & a personal loan of $54000, Can i transfer the balance $144000 to your card at 0% intetest for 28 months?

Regards

Richard Whitten Finder

September 17, 2024

Hi Art,

Just to be clear Finder does not issue any credit cards. We provide information for readers to compare options, including Citi credit cards.

But most importantly you won’t be able to balance transfer mortgage debt. You can balance transfer outstanding credit card debts and in some cases personal loan debt. But not your home loan debt.

I suggest getting in touch with Citi directly for more help.

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Paul connelly

May 29, 2024

Hi can i transfer a personal loan to this card?

Angus Kidman Finder

September 23, 2024

Hi Paul, Yes, personal loans are potentially eligible for the balance transfer offer, provided the loan wasn’t issued under the Citi brand. Hope this helps.

Ela

April 23, 2024

Do I need to make a apply for this card to be balance transfer that I have credit card how much change to be get it

Sarah Megginson Finder

April 24, 2024

Hi Ela,

I’m not sure what your question is, but you would need to apply for the balance transfer at the time of applying.

Hope this helps!

Citi Clear Credit Card – Balance Transfer Offer

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