People with high incomes usually have high expenses, too, and they depend on the convenience of credit cards to pay for merchandise, travel and other expenses. Platinum style credit cards provide prestigious benefits and rewards in addition to high credit limits. The following terms are currently offered on the Citibank Clear Platinum Visa card:
- Purchase interest rate:11.99% p.a. per annum.
- Cash advance interest rate:21.74% p.a. per annum.
- Balance transfer rate:2.9% p.a. for 12 months per annum.
- Annual fee:$99.
Features and benefits of a Citibank Clear Platinum Visa card
If you are looking to save money on credit card interest payments, you will be interested in the Citibank Clear Platinum Visa card which has the following features:
- Interest free balance transfer. A balance transfer arrangement is useful for people who have credit card debts because they pay off only part of their credit card bills each month. It helps to save money by transferring the balance owing on credit cards to a single account with lower interest charges. If you have unpaid balances on one or more credit cards, you could make significant savings by transferring them to a Citibank Clear Platinum Visa account which offers an interest-free period of six months on balance transfers.
- Purchase interest rate. For people who pay significant amounts of interest each month on credit cards because they have an ongoing credit balance it makes sense to pay interest at the lowest rate. If you are currently charged at a high rate (over 15% per annum), switching to a Citibank Clear Platinum Visa with a purchase interest rate of 11.99% p.a. per annum would reduce your interest payments substantially.
- Credit limit. A high credit limit on a credit card makes more funds available if needed. If you are on holiday, for instance, you will want to be able to access enough money to have a carefree experience. The Citibank Clear Platinum Visa card has a generous maximum credit limit of $60,000.
- Free international travel insurance. Australians tend to travel extensively, and frequent travellers know how what a pain it is to arrange and pay for travel insurance. Overseas travel tickets purchased with a Citibank Clear Platinum Visa have the benefit of free automatic international travel insurance. If you travel overseas for business or pleasure, this feature of the card will save you both time and money.
- Who can apply? To apply for a Citibank Clear Platinum Visa card you must be a permanent Australian resident, have a good credit history and an annual income of at least $60,000. If you already hold a Citibank credit card you must have held your current Citibank account for at least 9 months before you are eligible to apply for another credit card.
To choose the best credit card for you it’s vital to compare the deals that are currently available to you. If you have a high income and often travel overseas you may be thinking of acquiring a platinum style credit card. Because platinum credit cards offer such valuable benefits the card providers require applicants to satisfy some stringent qualification conditions, so the first thing you need to establish is that you qualify to apply for one.
Your next step should be a comparison of the benefits offered in a range of different credit card products. Some of the main features you need to evaluate are purchase limits and interest rates; if you are looking to pay off existing card debts you will also want to focus on interest rates and expiry dates of balance transfer offers. To find out more about the features of the Citibank Clear Platinum Visa card follow our secure link to the Citibank website, from our comparison tables here.
If you travel outside Australia frequently and are looking for a credit card that would make life easier when you’re overseas, it’s worth investigating some of the credit cards that are designed for people like you. Having done this research you’ll be able to make an informed choice of a credit card that best suits your financial situation and lifestyle.
Related posts:
- Citibank Clear Visa Card
- Suncorp Clear Options Standard Credit Card – 2.9% p.a. for 12 months on balance transfers
- Citibank Platinum Card
- Citibank Emirates Platinum Card
- Suncorp Clear Options Platinum Card – special balance transfer offer of 3.9% p.a for life!
- ANZ Balance Visa Credit Card – 0% for 6 months on balance transfers
- Suncorp Clear Options Gold Visa Card – Review and Application
- Suncorp Clear Options Standard VISA – The No Fuss, Low Interest Everyday Card
- Aussie MasterCard – 3.99% for 12 months on balance transfers
- 0% p.a Credit Card Balance Transfers We Recommend
Posted on Thursday, June 10th, 2010 at 4:09 pm
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