Citibank Clear Platinum Visa is the kind of card you should take a very close look at, if you’re in the market for a credit card which has the usual offers relating to interest rates and so on, but also with added features to make the card so much more attractive.
Let’s start with the basics.
The Citibank Clear Platinum Visa tempts you with zero percent interest on balance transfers during the initial six months and also offers an extremely attractive interest rate of 11.99% p.a. a year on purchases. The annual fee of $99 in the first year simply adds to the card’s attractions.
The Fine Print
When making your decision as to which card in the market you prefer, it pays to look behind the initial offers.
The transfer balance rate of 0% applies only to the first six months and then the interest rate changes to the cash advance rate of 21.74% p.a. per annum.
These are great terms in the current Aussie market, but the balance transfer period condition means you must keep track of your repayments to ensure they occur within the six month period.
Annual Fee and Credit Limits
It has an annual fee of $99. If you want to get an additional Citibank Clear Platinum Visa card, say for a partner or one of your offspring, it will only cost an additional $19.
If you’re looking for the highest possible credit limit, Citibank will set that in individual cases, provided you earn a minimum of $50,000 annually.
Like other cards, this Citibank credit card also offers a 55 day interest-free period.
The Good Stuff
Now for the good stuff. As you’d expect with a platinum card, there is a range of complimentary extras.
Visa offers card holders exclusive entertainment offers, a complimentary 24/7 concierge service and Citi World Privileges (provided you pay with a Citi credit card). Details of these benefits are available at www.citibank.com.au.
In addition, you get automatic international travel insurance, extended warranty insurance as well as purchase cover insurance. An excess charge does apply to the purchase insurance.
Highlights Citibank Clear Platinum Visa:
- 0% p.a. for 12 months with 3% handling fee on your balance transfers
- Purchase interest of 11.99% p.a.
- Annual fee for the first year of $49
- Complimentary travel insurance worldwide
- Purchase insurance cover
- Warranty insurance
- Entertainment and concierge privileges
Read the official terms and conditions
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Posted on Friday, July 30th, 2010 at 2:21 pm
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