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Rates, Fees & Charges

  • Introductory Rate

    3.99% p.a. for 3 years on the initial balance transferred1
    or
    0% p.a. for 6 months on purchases and the initial balance transferred2

  • Standard Variable Interest Rate

    20.49% p.a.

  • Establishment Fee

    Amount

    3 year balance transfer offer - $1993 or 6 month purchases and balance transfer offer - $1494

    When is the fee charged

    Debited to your Account on the issue date of your first statement of Account for the Statement Period in which you first use or activate your Account.

    How can you avoid the fee

    N/A

  • Annual Fee

    Amount

    $0

    When is the fee charged

    N/A

    How can you avoid the fee

    N/A

  • Late Payment Fee

    Amount

    $30

    When is the fee charged

    Each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.

    How can you avoid the fee

    Always make the Payment Due on or before the Payment Due Date. Alternatively, set-up Easi-Pay to automate your payment.

  • Overlimit Fee

    Amount

    $40

    When is the fee charged

    Charged per statement period when your credit limit is exceeded, debited to your account on the date your credit limit is exceeded and on each statement date in subsequent statement periods if your account remains overlimit.

    How can you avoid the fee

    Increase your Credit Limit by contacting 13 24 84 to see if you're eligible for an increase.

    Monitor your account balance via the Citibank Mobile app or citibank.com.au

    You can opt out of the Overlimit Service at anytime by contacting us on 13 24 84.

  • Paper Statement Fee

    Amount

    $2 per month

    When is the fee charged

    Charged when we issue you a paper statement, and debited to your account in the following statement period. This may be waived in limited circumstances.

    How can you avoid the fee

    Switch to electronic Statements. Click here for more details.

  • Outward Dishonour Fees

    Amount

    $15

    When is the fee charged

    Charged each time a cheque drawn or direct debit transaction debited to the account is dishonoured.

    How can you avoid the fee

    Ensure you have sufficient funds in your account to cover any cheques or Direct Debits payments.

  • Inward Dishonour Fees

    Amount

    $15

    When is the fee charged

    Charged each time a payment to the account is dishonoured, debited at time of dishonour.

    How can you avoid the fee

    Ensure that the account you make repayments from has sufficient funds in it.

  • International Transaction Fee

    Amount

    2.5% of the converted AUD amount

    When is the fee charged

    Charged for any transaction made in foreign currency. This amount includes a service and assessment fee payable by Citi to the scheme (where applicable).

    How can you avoid the fee

    This fee only applies to transactions in foreign countries or made in foreign currency.

  • Standard Variable Interest Rate

    Variable APR: 8.90% p.a. for new loans only.
    Interest rates current as at 31 March 2021 and subject to change at any time.

  • Comparison Rate

    9.18% p.a.5

  • Establishment Fee

    Amount

    $1996

    When is the fee charged

    Debited to your Account on the issue date of your first statement of Account for the Statement Period in which you first use or activate your Account.6

    How can you avoid the fee

    N/A

  • Monthly Account Service Fee

    Amount

    $107

    When is the fee charged

    Debited to your Account, on your statement date. You will not be charged a monthly fee in the event your Account has a zero balance and no retail or cash transactions in that Statement Period. Currently waived for new applications.7

    How can you avoid the fee

    N/A

  • Late Payment Fee

    Amount

    $30

    When is the fee charged

    Each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.

    How can you avoid the fee

    Always make the Payment Due on or before the Payment Due Date. Alternatively, set-up Easi-Pay to automate your payment.

  • Paper Statement Fee

    Amount

    $2 per month

    When is the fee charged

    Charged when we issue you a paper statement, and debited to your account in the following statement period. This may be waived in limited circumstances.

    How can you avoid the fee

    Switch to electronic Statements. Click here for more details.

  • Outward Dishonour Fees

    Amount

    $15

    When is the fee charged

    Charged each time a cheque drawn or direct debit transaction debited to the account is dishonoured.

    How can you avoid the fee

    Ensure you have sufficient funds in your account to cover any cheques or Direct Debits payments.

  • Inward Dishonour Fees

    Amount

    $15

    When is the fee charged

    Charged each time a payment to the account is dishonoured, debited at time of dishonour.

    How can you avoid the fee

    Ensure that the account you make repayments from has sufficient funds in it.

  • International Transaction Fee

    Amount

    2.5% of the converted AUD amount

    When is the fee charged

    Charged for any transaction made in foreign currency. This amount includes a service and assessment fee payable by Citi to the scheme (where applicable).

    How can you avoid the fee

    This fee only applies to transactions in foreign countries or made in foreign currency.

Business Credit is closed to new accounts

  • Standard Variable Interest Rate

    14.59% p.a.

  • Establishment Fee

    Amount

    $149

    When is the fee charged

    Debited to your Account on the issue date of your first statement of Account for the Statement Period in which you first use or activate your Account.

    How can you avoid the fee

    N/A

  • Annual Fee

    Amount

    $120

    When is the fee charged

    Debited on first use including activation of product and then on each anniversary of the date of product approval

    How can you avoid the fee

    N/A

  • Late Payment Fee

    Effective 10 April 2019

    Amount

    $30

    When is the fee charged

    Each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.

    How can you avoid the fee

    Always pay the Total Minimum Payment Due on or before the Payment Due Date. Alternatively, set-up Easi-Pay to automate your payment.

  • Overlimit Fee

    Amount

    $40

    When is the fee charged

    This amount is charged per Statement Period when your Credit Limit is exceeded. It will be debited to your Account at the end of the Statement Period.

    How can you avoid the fee

    Increase your Credit Limit by contacting 13 24 84 to see if you're eligible for an increase.

    Monitor your account balance via the Citibank Mobile app or citibank.com.au

    You can opt out of the Overlimit Service at anytime by contacting us on 13 24 84.

  • Paper Statement Fee

    Amount

    $2 per month

    When is the fee charged

    Charged when we issue you a paper statement, and debited to your account in the following statement period. This may be waived in limited circumstances.

    How can you avoid the fee

    Switch to electronic Statements. Click here for more details.

  • Outward Dishonour Fees

    Amount

    $15

    When is the fee charged

    Charged each time a cheque drawn or direct debit transaction debited to the account is dishonoured.

    How can you avoid the fee

    Ensure you have sufficient funds in your account to cover any cheques or Direct Debits payments.

  • Inward Dishonour Fees

    Amount

    $15

    When is the fee charged

    Charged each time a payment to the account is dishonoured, debited at time of dishonour.

    How can you avoid the fee

    Ensure that the account you make repayments from has sufficient funds in it.

  • International Transaction Fee

    Amount

    2.5% of the converted AUD amount

    When is the fee charged

    Charged for any transaction made in foreign currency. This amount includes a service and assessment fee payable by Citi to the scheme (where applicable).

    How can you avoid the fee

    This fee only applies to transactions in foreign countries or made in foreign currency.

Personal Credit is closed to new accounts

  • Standard Variable Interest Rate

    16.59% p.a.

  • Establishment Fee

    Amount

    $69

    When is the fee charged

    Debited to your Account on the issue date of your first statement of Account for the Statement Period in which you first use or activate your Account.

    How can you avoid the fee

    N/A

     

  • Annual Fee

    Amount

    $99

    When is the fee charged

    Debited on first use including activation of product and then on each anniversary of the date of product approval.

    How can you avoid the fee

    N/A

  • Late Payment Fee

    Effective 10 April 2019

    Amount

    $30

    When is the fee charged

    Each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.

    How can you avoid the fee

    Always pay the Total Minimum Payment Due on or before the Payment Due Date. Alternatively, set-up Easi-Pay to automate your payment.

  • Overlimit Fee

    Amount

    $40

    When is the fee charged

    This amount is charged per Statement Period when your Credit Limit is exceeded. It will be debited to your Account at the end of the Statement Period.

    How can you avoid the fee

    Increase your Credit Limit by contacting 13 24 84 to see if you're eligible for an increase.

    Monitor your account balance via the Citibank Mobile app or citibank.com.au

    You can opt out of the Overlimit Service at anytime by contacting us on 13 24 84.

  • Paper Statement Fee

    Amount

    $2 per month

    When is the fee charged

    Charged when we issue you a paper statement, and debited to your account in the following statement period. This may be waived in limited circumstances.

    How can you avoid the fee

    Switch to electronic Statements. Click here for more details.

  • Outward Dishonour Fees

    Amount

    $15

    When is the fee charged

    Charged each time a cheque drawn or direct debit transaction debited to the account is dishonoured.

    How can you avoid the fee

    Ensure you have sufficient funds in your account to cover any cheques or Direct Debits payments.

  • Inward Dishonour Fees

    Amount

    $15

    When is the fee charged

    Charged each time a payment to the account is dishonoured, debited at time of dishonour.

    How can you avoid the fee

    Ensure that the account you make repayments from has sufficient funds in it.

  • International Transaction Fee

    Amount

    2.5% of the converted AUD amount

    When is the fee charged

    Charged for any transaction made in foreign currency. This amount includes a service and assessment fee payable by Citi to the scheme (where applicable).

    How can you avoid the fee

    This fee only applies to transactions in foreign countries or made in foreign currency.

Important information

This information is current as of 31 March 2021.

Citi Ready Credit

  1. The introductory interest rate of 3.99% p.a. will apply to the initial balance transferred with this offer within 90 days from account approval for a promotional period of 3 years. The 3 year promotional period commences once the initial balance transfer is processed. If you request a balance transfer with your application, this will be processed when you activate your account. If you do not request a balance transfer with your application, you will need to call us within 90 days from account approval to request one, otherwise the introductory rate will not apply to your balance transfer and you will be charged the standard variable APR, currently 20.49%. Balance transfers are repaid before cash advances, retail purchases and the establishment fee, which attracts interest at the standard variable APR. At the end of the promotional period, the interest rate on any outstanding balance transfer will revert to the standard variable APR. Excludes balances transferred from other Citi unsecured credit products. This offer is limited to the first 500 accounts or until 30 September 2021, whichever occurs first. Post this advertised date, Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  2. The introductory interest rate of 0% p.a. will apply to the initial balance transferred with this offer within 90 days from account approval for a promotional period of 6 months. The 6 month promotional period commences once the initial balance transfer is processed. If you request a balance transfer with your application, this will be processed when you activate your account. If you do not request a balance transfer with your application, you will need to call us within 90 days from account approval to request one, otherwise the introductory rate will not apply to your balance transfer and you will be charged the standard variable APR, currently 20.49% p.a. This offer excludes balances transferred from other Citi unsecured credit products. The introductory rate of 0% p.a. will also apply to the retail purchase balance, for 6 months from account approval. At the end of the introductory period, the interest rate on any outstanding balance transfer and the retail purchase balance will revert to the standard variable APR. Balance transfers and retail purchases at the introductory interest rate are repaid before cash advances. Offer ends 30 September 2021. Post this advertised date, Citi reserves the right to continue, withdraw or change the offer at any time without notice.
  3. An establishment fee of $199 will be debited to your Account on the date we issue you a statement of Account for the Statement Period in which you first use or activate your Account. The establishment fee is billed in addition to the amount borrowed. Other service fees and charges including late payment fee and dishonour fee may apply.
  4. A reduced establishment fee of $149 applies to applications submitted from 31 March 2021 to 30 September 2021 and will be debited to your Account on the date we issue you a statement of Account for the Statement Period in which you first use or activate your Account. The establishment fee is billed in addition to the amount borrowed. Other service fees and charges including late payment fee and dishonour fee may apply.
     

Citi Personal Loan Plus

The advertised Citi Personal Loan Plus rate is for new loans only and is subject to change at any time. Fees and charges apply. Terms and conditions apply and are available upon request. Credit criteria apply.

Your instalment loan will appear as a 'Fixed Payment Option' on your statement. Payment of the Monthly Instalment enables you to pay off the loan within your chosen term of 3, 4 or 5 years.

a) Any use of the reusable credit facility will require monthly repayments in addition to the Monthly Instalment. These amounts will be included in the Minimum Payment Due amount on your statement.

b) Monthly repayments will first be allocated towards payment of your instalment loan(s). Any additional payments will be applied to any balances that are not part of your instalment loan(s).

c) If you fail to pay your Monthly Instalment, the Bank reserves the right to cancel your instalment loan.

d) For the full terms and conditions of your instalment loan, please refer to the Unsecured Credit Terms and Conditions and Other Important Information.

5. Comparison rate is based on a 5 year unsecured variable rate loan of $30,000. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

6. An establishment fee of $199 will be debited to your Account on the date we issue you a statement of Account for the Statement Period in which you first use or activate your Account. The establishment fee is billed in addition to the amount borrowed. Other service fees and charges including late payment fee and dishonour fee may apply.

7. No Monthly Account Service Fee applies to applications submitted from 31 March 2021 to 30 September 2021. Post this advertised date Citi reserves the right to continue, withdraw or change the offer at any time without notice. Other service fees and charges including late payment fee and dishonour fee may apply.

© 2021 Citigroup Pty Limited. All rights reserved. ABN 88 004 325 080, AFSL No. 238098, Australian credit licence 238098. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world.

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