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Balance Transfer Credit Cards

Balance Transfer Credit Cards

Balance transfer an outstanding balance to a new Citi credit card and take a step towards big savings. By taking
advantage of a low introductory interest rate on balance transfers, you can reduce the interest you pay on your
existing balance. Compare Citi’s balance transfer credit card offers below.

If you're an existing customer and have found a better Citi Credit Card for your needs, please call 13 24 84.

Benefits for Citi Customers

Citi on Apple Pay.

Pay with your Citi credit card on Apple Pay to enjoy fast, easy and secure payments.12

Citibank Dining Program.

Citi customers can enjoy a free bottle of award winning wine every time they dine at partner restaurants and pay using their Citi debit or credit card.8

Citi Rewards Program.

Put life on Points with Citi Rewards. Use your Points to credit back purchases or redeem them for digital gift cards and travel. T&Cs apply.

More from Citi

Top tips for staying on top of your credit card payments

Credit cards can provide a suite of benefits, offering convenience, financial flexibility and tangible rewards and benefits. However, it is important to keep on top of your monthly repayments to ensure you are maximising all of the benefits of a credit card.

The Rise Of Buy Now Pay Later And The Future of Credit Cards

Unless you’ve avoided setting foot in a retail store or jumping online to do some shopping in the past few years, you’ve likely heard about the latest payment option in Australia: Buy Now Pay Later.

How Do Credit Cards Work And How Do You Use Them

Thinking of getting a credit card but unsure how they work? We outline how to use a credit card, their cost, features, common jargon and different cards for first-timers.

Still have a question?

Important information

Refer to the full Terms and Conditions related to these products here.

Fees and charges apply. Cards are offered, issued and administered by Citigroup Pty Limited. Terms and conditions apply and are available upon request. Credit Criteria apply. New cards customers only and cannot be used in conjunction with any other offers.

  1. Citi Premier Card: To be eligible to receive 130,000 bonus Citi reward Points, you must apply for the Citi Premier Card by 29 July 2021, then spend a minimum of $4,000 on eligible purchases using your new card within 90 days from approval. 
    Citi Prestige Card: To be eligible to receive 200,000 bonus Citi reward Points, you must apply for the Citi Prestige Card by 30 June 2021, then spend a minimum of $7,500 on eligible purchases using your new card within 60 days from approval. 
    For all cards: Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card. The bonus Citi reward Points will be credited to your Rewards Balance within 6-8 weeks of meeting the spend criteria. All rewards are subject to the Terms and Conditions of the Citibank Rewards Program. Your Citi credit card must remain open, in good standing and enrolled in Citibank Rewards for the bonus Citi reward Points to be awarded. Please note that if you have a balance transfer, you will be charged interest on any spend that you make. Post the advertised offer end date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  2. Balance Transfers: Your total Balance Transfers may not exceed 80% of your credit limit. The 0% p.a. interest rate applies to balances transferred  with this offer within 90 days of card approval, and the Balance Transfer fee (if applicable) for the advertised promotional period. The promotional period commences once the Balance Transfer is processed. Check the above table to determine the promotional period and any Balance Transfer fees associated with your selected credit card. At the end of the Balance Transfer period, the interest rate on any outstanding transferred balance and Balance Transfer fee (if applicable) will revert to the variable Annual Percentage Rate for Cash Advances, currently 22.24% p.a. This offer excludes balances transferred from Citi unsecured credit products. Please note you are not entitled to any interest free days on retail purchases whilst you have a Balance Transfer. This means that all spend will be charged interest at the applicable annual percentage rate. For important information to consider before taking up a Balance Transfer, please click here.
    Post these advertised dates; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
    Citi Rewards Card - Balance Transfer offer valid until 30 June 2021.
    Citi Rewards Card - Bonus Points offer valid until 29 July 2021.
    Citi Rewards Card – Flybuys bonus points offer valid until 31 August 2021.
    Citi Rewards Card - Velocity Frequent Flyer offer valid until 30 June 2021.
    Citi Clear Card offer valid until 31 August 2021.
    Citi Premier Qantas Card valid until 31 August 2021.
    Citi Premier Card offer valid until 29 July 2021.
    Citi Prestige Qantas Card offer valid until 31 January 2022.
    Citi Prestige Card offer valid until 30 June 2021.
    Emirates Citi World Mastercard offer valid until 31 July 2021.
  3. Purchases: The promotional rate of 0% p.a. will apply to the retail purchase balance for a promotional period of 6 months from the date your account is approved. At the end of the promotional period, the variable annual percentage rate for retail purchases, currently 21.49% p.a., will apply to the retail purchase balance. Please note you will not be entitled to any interest-free days on retail purchases at the end of the promotional period whilst you have a balance transfer. This means that all spend will be charged interest at the applicable annual percentage rate.
    Balance Transfers: Your total balance transfers may not exceed 80% of your credit limit. The promotional rate of 0% p.a. will apply to balances transferred with this offer within 90 days of card approval for a promotional period of 6 months. The 6 month promotional period commences once the balance transfer is processed. At the end of the balance transfer promotional period, the interest rate on any outstanding transferred balance will revert to the variable annual percentage rate for cash advances, currently 22.24% p.a. This offer excludes balances transferred from Citibank unsecured credit products. For important information to consider before taking up a balance transfer, please click here. Minimum monthly payments required. Payments will be applied to your account as per the Credit Card Terms and Conditions and Other Important Information. Please note that if you make a retail purchase before your balance transfer is processed, payments made during the promotional period will be applied to the retail purchase balance before the balance transfer. This offer is valid until 31 May 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  4. To be eligible to receive $250 cashback, you must apply for the Citi Clear Card by 31 August 2021, then spend a minimum of $3,000 on eligible purchases using your new card within 90 days from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds and Chargebacks. Cashback will be credited to your Account within 16 weeks of meeting the spend criteria. Your Citi Clear Card must remain open and in good standing to receive the cashback. Cashback will reduce the outstanding balance of your Account but will not count towards your next monthly repayment obligation. Please note that if you have a balance transfer you will not be entitled to any interest free days on retail purchases. This means that all spend will be charged interest at the applicable annual percentage rate. This offer is valid until 31 August 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  5. Emirates Skyward Miles: To be eligible to receive 60,000 bonus Skywards Miles, you must apply for the Emirates Citi World Mastercard by 31 July 2021, then make an eligible purchase using your new card within 90 days from approval. Excludes Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds and Chargebacks. The bonus Skywards Miles will be credited to your Emirates Skywards Account within 10 weeks of meeting the spend criteria. Your Emirates Citi World Mastercard must remain open and in good standing for the bonus Skywards Miles to be awarded. You must be a member of the Emirates Skywards Programme and provide your Emirates Skywards Account number to us. Membership and the earning and redemption of Skywards Miles are subject to the Emirates Skywards Programme rules, available at https://www.emirates.com/ae/english/skywards/emirates-skywards-programme-rules. Please note that if you have a balance transfer you will not be entitled to any interest free days on retail purchases. This means that all spend will be charged interest at the applicable annual percentage rate. This offer is valid until 31 July 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  6. Interest free days: The interest free period applies when you pay your full closing balance from your last statement of account by the payment due date (excluding any fixed payment option balance which isn’t due for payment by that payment due date). No interest free period is available on Cash Advances or Balance Transfers. Whilst you have a Balance Transfer you will be charged interest on your daily unpaid balance.
  7. Citi Rewards Card – Balance Transfer offer: Subject to your acceptance you will be billed an annual fee of $49 in the first year. This will revert to $149 in subsequent years. This offer applies to the primary cardholder only. For additional cardholders an annual fee also applies, currently $90 per card. Annual fees are subject to change. This offer is valid until 30 June 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
    Citi Rewards Card – Bonus Points offer: Subject to your acceptance you will be billed an annual fee of $49 in the first year. This will revert to $149 in subsequent years. This offer applies to the primary cardholder only. For additional cardholders an annual fee also applies, currently $90 per card. Annual fees are subject to change. This offer is valid until 29 July 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
    Citi Rewards Card – Flybuys bonus points offer: Subject to your acceptance you will be billed an annual fee of $49 in the first year. This will revert to $149 in subsequent years. This offer applies to the primary cardholder only. For additional cardholders an annual fee also applies, currently $90 per card. Annual fees are subject to change. This offer is valid until 31 August 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
    Citi Rewards Card – Velocity Frequent Flyer offer: Subject to your acceptance you will be billed an annual fee of $99 in the first year. This will revert to $199 in subsequent years. This offer applies to the primary cardholder only. For additional cardholders an annual fee also applies, currently $90 per card. Annual fees are subject to change. This offer is valid until 30 June 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
    Citi Clear Card offer: Subject to your acceptance you will be billed an annual fee of $49 in the first year. This will revert to the standard annual fee, currently $99, in subsequent years. This offer is valid until 31 August 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
    Citi Premier Card offer: Subject to your acceptance you will be billed an annual fee of $150 in the first year and every subsequent year if you spend a minimum of $48,000 on eligible purchases and Cash Advances in the previous year. Excludes Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card. If you do not meet the minimum spend in the previous year you will be charged an annual fee of $300. Annual fees are subject to change. If you subsequently opt out of Citibank Rewards and into Citibank Qantas Rewards an annual fee of $350 will apply to your account instead. Please note that if you have a balance transfer you will be charged interest on any spend that you make. This offer is valid until 29 July 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
    Citi Premier Qantas Card offer: Subject to your acceptance you will be billed an annual fee of $175 for the first year and every year afterwards if you spend a minimum of $48,000 on eligible Retail Purchases and Cash Advances in each 12-month period, starting from the date your Account was approved. Excludes Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a linked Diners Club Card. If you do not meet the minimum spend in the previous year you will be charged an annual fee of $350. Annual fees are subject to change. If you subsequently opt out of Citi Qantas Rewards and into Citi Rewards an annual fee of $300 will apply to your account instead. Please note that if you have a balance transfer you will not be entitled to any interest free days on retail purchases. This means that all spend will be charged at the applicable annual percentage rate. This offer is valid until 31 August 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
    Emirates Citi World Mastercard: Subject to your acceptance you will be billed an annual fee of $149 in the first year. This will revert to the standard annual fee, currently $299, in subsequent years. This offer is valid until 31 July 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  8. Citibank Dining Program: Conditions apply. Visit citibank.com.au/dine to learn more about the Citibank Dining Program, including an up-to-date list of participating restaurants, and to view the full terms and conditions.
  9. Airline, Hotel and Other Loyalty Program Membership: You must be a member of the Airline, Hotel and Other Loyalty Program in which you wish to claim Airline, Hotel and Other Loyalty Points and have advised us of your airline and hotel loyalty program membership number prior to any such redemption. Membership of an airline and hotel loyalty program will be subject to the terms and conditions of that program. Airline, Hotel and Other Loyalty Points may take up to 28 business days to appear in your Airline, Hotel and Other Loyalty Program membership account.
  10. Citi World Privileges: Payment must be made using a Citi Credit Card. Privileges cannot be used in conjunction with any other promotional programs or offers. Citi and the business establishment reserve the right to change the terms and conditions at any time. Refer to www.citiworldprivileges.com/au for up-to-date offer details.
  11. Complimentary Insurance covers are subject to eligibility requirements : AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 of Level 16, 310 Ann Street, Brisbane, QLD 4000 (trading as Allianz Global Assistance) under a binder from the underwriter, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 of 2 Market Street, Sydney NSW 2000 has issued an insurance group policy to Citigroup Pty Limited ABN 88 004 325 080 AFSL and Australian credit licence 238098 (Citi) of 2-26 Park Street, Sydney NSW 2000 which allows eligible Citi account holders and cardholders to claim under it as third party beneficiaries. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The terms, conditions, limits and exclusions of the group policy are set out in the Complimentary Insurance Terms and Conditions which may be amended from time to time. Citi does not guarantee this insurance.
  12. Apple Pay works with iPhone 6 and later in stores, in selected apps, and on participating websites in Safari; with Apple Watch in stores and selected apps (requires iPhone 6 or later); with iPad Pro, iPad (5th generation), iPad Air 2, and iPad mini 3 and later in selected apps and on participating websites in Safari; and with Mac (2012 or later) on participating websites in Safari with an Apple Pay enabled iPhone or Apple Watch. For a list of compatible Apple Pay devices, see support.apple.com/en-au/km207105. You can use Apple Pay in stores/merchants wherever NFC contactless payment is accepted. For certain merchant terminals, a transaction limit may apply. You can also make in-app purchases and websites in Safari where Apple Pay is available as a payment option. Terms and conditions apply to the use of Apple Pay. Apple, the Apple logo, Apple Pay, Touch ID and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries.
  13. Linked Diners Club Card: Separate Diners Club Terms and Conditions apply to a Linked Diners Club Card as it is a separate credit facility from Diners Club that is paid through your Citi Credit Card. Eligibility criteria apply including that you must be approved for an account that is eligible for a Linked Diners Club Card. Diners Club has appointed Citi to administer the Linked Diners Club Card. Any credit balance on the Linked Diners Club Card is not a deposit liability of Citi, or any other affiliate of Citi, is not a protected account and is not guaranteed.
  14. Citi Instalment Plans are defined in the Credit Card T&Cs as a Fixed Payment Option. Fixed Payment Option offers are subject to eligibility and only available if your account is and remains in good standing. Your Fixed Payment Option uses part of your existing credit limit. As you pay off your Fixed Payment Option, the amount you pay off will become available for you to use again as part of your credit limit at the standard Annual Percentage Rate applicable to your account. For the full terms and conditions of your Fixed Payment Option, please refer to the Credit Card Terms and Conditions and Other Important Information.
  15. Fourth night free benefit is capped at 4 redemptions per calendar year and is renewed each year unless specified otherwise. 4th night free is a Special Feature of the Citi Prestige Credit Card. Valid for Citi Prestige Primary Cardholders only. A minimum of 4 consecutive nights' stay is required in order to enjoy one night on a complimentary basis. There are no credits for any unused free nights if the guest checks out early. Only one complimentary night is allowed per Citi Prestige Primary Cardholder per room per booking. To qualify for the complimentary night, booking for the services must be made at least 48 hours prior to commencement of stay, and the cardholder who booked the stay must be one of the paying guests. Complimentary night must be utilised during the same stay as the purchased nights; purchased and complimentary nights must be of the same room types. Back-to-back stays are not allowed. Back-to-back stays are stays at the same city/state booked on two reservations (as an example, you book four nights at a hotel on one reservation for Monday, Tuesday, Wednesday and Thursday and book another four nights on another reservation for Friday, Saturday, Sunday and Monday. In this situation, you would only be eligible for one complimentary night for the 8-night stay). Please refer to the full Terms and Conditions for further information.
  16. To be eligible to receive 90,000 bonus Citi reward Points and a $100 Coles eGift Card, you must apply for the Citi Rewards Card by 29 July 2021, then spend a minimum of $3,000 on eligible purchases using your new card within 90 days from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card. Your Citi Rewards Card must remain open and in good standing to receive the 90,000 bonus Citi reward Points and $100 Coles eGift Card. Citi reward Points: The bonus Citi reward Points will be credited to your Rewards Balance within 6 - 8 weeks of meeting the spend criteria. All rewards are subject to the Terms and Conditions of the Citibank Rewards Program. Coles eGift Card: The Coles eGift Card will be sent to you within 90 days of meeting the spend criteria, to the email address maintained with your credit card account. Coles eGift Card can be redeemed at Coles Supermarkets and Coles Central. Coles eGift Card cannot be redeemed at Coles Online, Coles Express or Liquorland. Coles eGift Card is subject to the Gift Card Terms of Use. eGift cards are non-reloadable and non-redeemable for cash. Please note that if you have a balance transfer you will not be entitled to any interest free days on retail purchases. This means that all spend will be charged interest at the applicable annual percentage rate. This offer is valid until 29 July 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  17. Gift cards are only redeemable using Points via www.citirewards.com. The number of Points required to redeem gift cards may vary at the time of redemption. Gift cards are non-reloadable or redeemable for cash. Information correct as of 1 February 2021.
  18. To be eligible to receive 100,000 Velocity Points, you must apply for the Citi Rewards Card by 30 June 2021, then spend a minimum of $3,000 on eligible purchases using your new card within 90 days from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card. We will request your Velocity membership number from you via email within 8 weeks from meeting the spend criteria. The 100,000 Velocity Points will be credited to your Velocity account within 10 weeks from us receiving your Velocity membership number. Your Citi Rewards Card must remain open and in good standing for the Velocity Points to be awarded. If you do not provide us with your Velocity membership number within 14 weeks from us first requesting it, the Velocity Points will be forfeited. Membership of Velocity is your responsibility. Velocity membership and Points earn and redemption are subject to the Velocity Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com. Please note that if you have a balance transfer you will not be entitled to any interest free days on retail purchases. This means that all spend will be charged interest at the applicable annual percentage rate. This offer is valid until 30 June 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  19. To be eligible to receive 100,000 Flybuys bonus points, you must apply for the Citi Rewards Card by 31 August 2021, then spend a minimum of $3,000 on eligible purchases using your new card within 90 days from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card. We will request your Flybuys membership number from you via email within 8 weeks of meeting the spend criteria. The Flybuys points will be credited to your Flybuys account within 6 weeks from the date we receive your Flybuys membership number. Your Citi Rewards Card must remain open and in good standing to receive the Flybuys points. If you do not provide us with your Flybuys membership number within 8 weeks from us first requesting it, we reserve the right to credit the equivalent amount of Citi reward Points to your Citi Rewards Card. Flybuys points are administered by Loyalty Pacific Pty Ltd and subject to the Flybuys Terms and Conditions which are available at flybuys.com.au. Please note that if you have a balance transfer you will not be entitled to any interest free days on retail purchases. This means that all spend will be charged interest at the applicable annual percentage rate. This offer is valid until 31 August 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice. Loyalty Pacific Pty Ltd (ABN 82 057 931 334) (trading as Flybuys) receives payment from Citi for the Flybuys points that its members earn in connection with this offer.
  20. Flybuys Dollars can only be redeemed in increments of $10. Flybuys Dollars may be used in-store at Coles Supermarkets, Liquorland, First Choice Liquor, First Choice Liquor Market, Coles Express, Kmart, Target and mycar only. Flybuys points can be converted to Flybuys dollars in multiples of 2,000 points only. 2,000 points equates to $10 Flybuys dollars. Flybuys dollars cannot be used for online purchases. Flybuys points and Flybuys dollars have no cash or monetary value. Click here for the Flybuys dollars Terms and Conditions.
  21. Citi Premier Qantas Card: To be eligible to receive 75,000 bonus Qantas Points, you must apply for the Citi Premier Qantas Credit Card by 31 August 2021, then spend a minimum of $4,000 on eligible Retail Purchases using your new card within 90 days from approval. 
    Citi Prestige Qantas Card: To be eligible to receive 100,000 bonus Qantas Points, you must apply for the Citi Prestige Qantas Credit Card by 31 January 2022, then spend a minimum of $7,500 on eligible Retail Purchases using your new card within 60 days from approval. 
    For both cards: Excludes Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card. The bonus Qantas Points will be credited to your Qantas Frequent Flyer membership account within 8 weeks of meeting the spend criteria. Your credit card must remain open, in good standing and enrolled in Citi Qantas Rewards for the bonus Qantas Points to be awarded. All rewards are subject to the Terms and Conditions of the Citibank Rewards Program. Qantas Points are defined in the Citibank Rewards and Citi Qantas Rewards Program Terms and Conditions as Qantas Frequent Flyer Points. You must be a member of the Qantas Frequent Flyer Program and provide your membership number to us. A joining fee may apply. Membership and the earning and redemption of Qantas Points are subject to the Qantas Frequent Flyer program Terms and Conditions, available at qantas.com/terms. Please note that if you have a balance transfer you will not be entitled to any interest free days on retail purchases. This means that all spend will be charged interest at the applicable annual percentage rate. Post the advertised offer end date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.

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