Citibank Rewards Credit Card – Platinum

• 20,000 bonus reward points when you first spend on your Platinum credit card.
• Enjoy an ongoing earn rate of 1.25 points per $1 spent on domestic purchases and 3 points per $1 spent on international purchases.
• An additional 3 reward points with Citibank Bonus Partners and enjoy earning up to 250,000 reward points per year with no expiry.
• A low introductory rate of 0.9% p.a. for 9 months on balances transferred, after the introductory period the rate will revert to the Cash Advance Rate.
• A free bottle of award winning wine every time you dine at participating restaurants, with Citibank's Dining Program.
• Up to 55 days interest free on purchases.
• Complimentary International Travel Insurance, Transit Accident Insurance, Purchase Cover and Extended Warranty.
• Reserved seating with Visa Front Line Access - Reserve tickets to some of the biggest concerts, hottest shows and exciting sports events before they go on sale to the public through Visa Front Line Access.
• Exclusive travel and entertainment deals through Visa - From discount deals at international hotels to special VIP entertainment offers, the red carpet is always rolled out for Visa Platinum customers.
• The privilege and convenience of a Personal Concierge to provide you with information and assistance for both business and pleasure from any where in the world, 24 hours a day, 7 days a week
• Maximum credit limit of up to $100,000 over time, based on Citibank's credit criteria.
• Read the terms and conditions

• Long balance transfer period at a low rate.
• Get 40,000 bonus reward points on you first spend.
• Get a bunch of insurances to cover travel and purchases made on the card.
• The annual fee is quite hefty.
• You can’t earn Qantas Frequent Flyer points unless you opt into the Citibank Qantas Rewards program which costs $49 per year.

How does the Citibank Rewards Credit Card – Platinum compare for rates and fees against an average credit card? Based on the data from our website this credit card comparison scorecard shows:

		Purchase Rate	Cash Adv Rate	Annual Fee	Bal. Transfer Rate	Bal. Transfer Rate Period
	Citibank Rewards Credit Card – Platinum	20.99%	21.74%	$199	1.9%	15 months
	The Average Credit Card	17.17%	21.04%	$95	3.04%	7 months

You can transfer from:



• ANZ
• Aussie
• Bank of Melbourne
• Bank SA
• Bankwest
• Coles
• Commonwealth Bank
• HSBC
• NAB
• St.George
• Westpac
• Woolworths

You cannot transfer from:



• Bank of Queensland
• Citibank
• CUA
• IMB
• Suncorp
• Virgin

With the Citibank Rewards Credit Card – Platinum you can expect excellent rewards and recognition, time and time again. No matter if you are using the card for personal use or your business, you will quickly find that you made a good choice. And apart from the rewards program, this card packs an excellent balance transfer offer to help you get your finances under control.

Pros

The best thing that this card offers is the reward program, which compared to other programs easily one of the best. To begin with, you will receive 40,000 bonus reward points the first time you use your card. Talk about getting off to a good start! From there, you can take advantage of an outstanding earn rate where purchases are rewarded at the rate of 1.25 points per dollar spent for domestic purchases. If you use your card internationally, you receive 3 points for every $1 spent. This international earn rate also applies to goods ordered from international merchants over the internet.

Are you looking for a balance transfer to help get your debt under control? If so, you are making a good decision with this card. For the first 15 months, you can take advantage of a low introductory rate of 1.9% p.a., which is one of the better deals currently available on the market.

With this card you also receive many types of complimentary insurance including: international travel insurance, transit accident insurance, purchase cover and extended warranty. These free insurances are common among other platinum credit cards. In order to be covered by the policy, you must use the card to book the tickets you are travelling on or purchase the goods that will be covered by the purchase protection and extended warranty.

Finally, you don’t want to overlook the fact that you will become an overnight VIP as soon as you begin to use your Citibank Rewards – Platinum. With this card in hand, you will receive exclusive travel and entertainment deals.

Cons

With reward program credit cards you always have to read the fine print, and this also applies with this Citibank rewards credit card. One of the most obvious drawbacks is the $199 p.a. annual fee that you are required to pay to keep the account active. This fee is higher than the average card but is comparable with other platinum cards on the market, so you have to question whether or not the benefits are worth it to you.

Moving on, you are only allowed to earn up to 250,000 reward points per year. If you plan on spending enough money to break this barrier then this card may not be the best choice for you.

You may also find the eligibility requirements are a bit strict. You’ll need to have a good credit rating, be a permanent Australian resident and having a taxable income of at least $40,000 per year or more. If you don’t meet these requirements your application will be denied.

Conclusion

The Citibank Rewards credit card – Platinum is the perfect choice for anybody who travels a lot and wants to be rewarded for their spend – both domestically and internationally. As long as you can get past the high annual fee and reward program cap, you will find this credit card to be an excellent choice.