The Citibank Rewards Credit Card – Platinum Card is a nice balance of cushy, luxury perks and features and reasonable interest rates and acceptance criteria. The Citibank Rewards Credit Card – Platinum Card has some of the best rewards you’ll get from a Citibank card and a very attractive lifetime balance transfer interest rate that makes it a great main credit card.
Citibank Rewards Credit Card – Platinum Card :
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 |
The Citibank Rewards Credit Card – Platinum Card is for consumers with a good credit rating and a taxable income of at least $50,000. It’s a somewhat higher bar than other Citibank cards, but it’s not completely prohibitive, considering the perks attached.
Travel Perks, Rewards and Personal Concierge
The most notable feature of the Citibank Rewards Credit Card – Platinum Card is the fleet of rewards and premium member services you receive from Citibank. With your Platinum card, you get 24/7 access to the personal concierge, who can advise you for business or pleasure wherever you are. You also get international travel insurance, which protects you from trip cancellation and lost or damaged property.
The rewards with the Platinum card are excellent as well. You can exchange your rewards points for flights, hotel upgrades, gifts, cash back or Qantas Frequent Flyer miles. With the Platinum card, you can accrue up to 120,000 points each year and you get one point for each dollar spent.
One drawback about the Citibank Rewards Credit Card – Platinum Card is its considerably high annual fee at . However, if you use your card enough and spend your points wisely, you can easily make your money back. And because your rewards points don’t expire, it’s relatively easy to get your money’s worth.
The balance transfer rate applies for the life of the loan which makes it a great for consolidating credit card debt. However, you should note that credit card payments will be applied to your transferred balance before your normal purchases. So, unless you pay down your transferred balance immediately, you’ll be stuck paying the interest rate on the rest of your purchases.
Bottom-line: If you qualify for the Citibank Rewards Credit Card – Platinum Card , then it’s worth the annual fee. After getting a refund from a single cancelled trip or getting discounts through the Citibank World Privileges Program, this card will quickly pay for itself.
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