Citi Clear Card – Cashback Offer

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

The Citi Clear Credit Card - Cashback Offer Review

Citi Clear Card is a low-interest rate credit card that offers generous promotional savings to its cardholders, existing and new. Exciting as it becomes, it now also highlights a cashback offer for its newly approved applications. This is on top of the 0% p.a. on balance transfers for 15 months introductory offer combined with a discounted annual fee in the first year.

What we love

This card is a rare gem in the market because it comes with enticing introductory offers and is loaded with attractive features and exclusive discounts and perks.

First on the list is the cashback offer. If you apply and spend $3,000 on eligible purchases in the first 90 days from approval, you will receive $400 cashback. This will be credited to your account within 16 weeks of meeting the spend criteria but it is important to note that in order to receive the cashback, your Citi Clear card must remain open and in good standing. Make sure you review the fine print for the full terms and conditions of the offer.

Next up, is a long 15-month 0% p.a. introductory interest on balance transfers, with no balance transfer fee. Proving itself as a big money saver, cardholders can take their time in paying down their balance without worrying about interest charges for 15 months. Transfer up to 80% of your approved credit limit but take note that there are no interest-free days on purchases until the balance transfer has been paid off.

Considering its long list of promotional offers, benefits, and features, this card is generous when it comes to its standard annual fee. It is very reasonable at $99 p.a. Attracting you more is its $50 discount on the first year. This is only available to new cardholders.

What’s not so great...

The downside for this card is a very high revert rate for its balance transfer offer. After 15 months of enjoying the free balance transfers, you will be charged with a 22.24% p.a. cash advance rate. This is quite heavy for big spenders and obviously not beneficial to most spending patterns. However, you can still avoid this if you pay your balance on time.

Also, keep in mind that while you have a balance transfer, you will not be eligible for any interest-free days on retail purchases. This means that the applicable annual percentage rate will be applied to all your spending.

Why should you choose this card?

Let's dig more into the details of the benefits of the Citi Clear credit card. NEW FEATURE: My Cashback. My Cashback is a no-fuss, hassle-free rewards program of Citi which allows cardholders to automatically receive monthly cashback on their purchases when they use their Citi Clear Card to shop from their favorite brands. Access the program in the Citi Mobile® App and check some personalised offers.

You can take advantage of the Citi PayAll feature which lets you schedule recurring payments for your rent, education fees, childcare, taxes, bills, and more. FEffective 1 November 2023, the Citi PayAll fee changed to 0.95%.

Let's take a look at its complimentary insurance covers. Cardholders get to enjoy complimentary insurance for their purchases with the Extended Warranty Insurance and Purchase Cover Insurance.

Next, the exclusive discounts and cashback. Enjoy 10% off or up to $250 Limited Time Lux Exclusive hotel offers, within Australia and overseas, when you use your Citi Clear card in paying and apply the promo code: CITI10. Offer available until 1 March 2023.

Another feature that entails convenience to members is its option to sync your card with Citi Mobile® App, Apple Pay, and Samsung Pay, so you can pay with your device in-store or checkout faster when shopping online.

Overall Rating

Getting a balance transfer credit card like Citi Clear Card can be a great option to pay down debt to improve your credit health but earning an attractive reward for getting one is awesome on another level. Apply now and enjoy a $400 cashback, 0% p.a. on balance transfers for 15 months plus, a discounted annual fee in the first year. Offer ends 25 October 2023.