Australians with high incomes who frequently travel overseas often have substantial amounts of money passing through their credit cards each month. If you’re one of these people there is a variety of credit cards designed to meet your particular needs and reward you for your spending, and if you’re looking for a new credit card it could be worthwhile investigating the Citibank Platinum Card which currently offers the following interest rates:
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
0.9% p.a. for 9 months |
|---|---|---|
| Interest Rate on Purchases | |
20.99% p.a. |
| Annual Fee | |
$199 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Platinum |
| Minimum Income Requirement | |
$40,000 p.a. |
| Credit Card Type | |
Visa |
| Rewards Program | |
Yes |
Benefits and features of the Citibank Platinum Card:
If you have a high income and use your credit card to pay for most of your purchases and expenses, and would like a credit card that rewards you for using it, you might be interested in the Citibank Platinum Card which has the following features:
- Balance transfer. Credit card providers often offer balance transfer deals to encourage holders of other credit cards to switch to their product. With a balance transfer, credit card debts can be rolled into a single account with the aim of repaying the balance at a lower rate of interest. If you have ongoing credit card balances and would like to reduce that debt, a credit card balance transfer arrangement could help you to make significant savings. Citibank Platinum Card offers an interest rate of 0.9% p.a. for 9 months on balance transfers. There are some zero-interest short-term balance transfer offers in the market place, but the point of difference for the Citibank Platinum Card balance transfer is that the offer is not time limited. If you have a large credit card debt that’s likely to take a long time to repay this deal may suit you best, but if you calculate that you would be able to repay your debt over a few months an interest-free short term balance transfer may be better for you.
- High credit limit. If you are likely to have unexpected expenditure, for example unplanned hotel expenses if a business trip is extended, it could give you peace of mind to know that you have easy access to extra funds if you need them. The Citibank Platinum Card has a generous maximum credit limit of $100,000.
- Rewards points. The Citibank rewards program offers points for each dollar spent on credit cards. Each dollar spent with a Citibank Platinum Card earns one reward point that can be redeemed for a wide range of products and services. If you choose to join the Citi Qantas Rewards scheme, points will be transferred into your Qantas Frequent Flyer account. If you use your credit card for most of your purchases and expenses you can accrue a significant number of reward points that never expire, and if you usually pay your monthly credit statement in full, the rewards earned with the Citibank Platinum Card could be a useful source of extra buying power. However it’s worth remembering that credit card reward programs are funded partly by higher interest rates, so if you carry over an ongoing balance each month you will be paying interest at a higher rate than you would on a standard credit card.
- Fees and charges. Annual fee $250, Supplementary fee for additional card $90, Annual Rewards fee for Citi Qantas Rewards $199.
To help you decide what’s the best credit card deal for someone in your personal and financial situation, you will find it useful when comparing a range of different credit card products to focus particularly on balance transfer offers, credit limits and rewards programs. If your research shows that the Citibank Platinum Card offers significant savings and benefits to you, find out more about it by following our secure link to the Citibank website.
Related posts:
- Citibank Emirates Platinum Card
- Citibank Clear Platinum Visa – Introductory 0% for 6 months on balance transfers
- Citibank Silver Card
- Citibank Gold Card
- NAB Qantas Platinum Card – Review and Application
- Citibank BP card
- Westpac Earth Platinum Card – Review and Application
- Citibank CitiBusiness Gold
- Citibank Clear Visa Card
- Citibank Emirates Skywards Rewards Program
Posted on Friday, July 9th, 2010 at 12:03 pm
You can leave a response, or trackback from your own site.