Purchase rate
0% p.a. for 14 months then 21.49% p.a.
Balance transfer rate
0% p.a. for 14 months and then 22.24% p.a.
Annual fees
$149 $49 in the first year
Interest free days on purchases

Mozo editorial review Citi Rewards Credit Card - last updated: 1 November 2021

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What's hot
  • 2021 Mozo Experts Choice Award winner
  • 0% p.a. rate on purchases and balance transfers for 14 months
  • 1 point per dollar on Mastercard, up to $10,000 per month
  • Cahsback program for Spotify and Deliveroo spending
What's not
  • High 21.49% purchase rate after 14 months
  • High 22.24% cash advance rate
Mozo snapshot

Looking to blast away debt? Choose the balance transfer offer with the Citi Rewards card and you’ll get a leisurely 14 months interest-free on purchases and balance transfers, plus only pay a small annual fee of $49 in the first year while you’re getting a handle on your debt ($149 afterwards).

Need more convincing? This year Citi took home a 2021 Mozo Experts Choice Award for Best Balance Transfer Platinum Credit Card. 

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Key features

By choosing the Citi Rewards Balance Transfer Offer you can snag 14 months of 0% p.a. interest to pay off your existing credit card debt (offer ends 28 February 2022). Also 0% p.a. on any new retail purchases. Just keep in mind that leftover balances after this period will start attracting interest at a revert rate of 22.24%. 

If that wasn’t enough, you’ll pay a small $49 annual fee in the first year of having this card, giving you some extra breathing room to manage your existing debt. After the first year, the annual fee rises to $149.

On regular spending, you’ll get up 14 months interest free, plus you'll be able to earn 1 point per $1 spent, up to $10,000 a month. The card can be linked to Apple Pay and Samsung Pay, plus it comes with perks like a complimentary travel insurance, extended warranty, purchase protection and a free bottle of wine when you dine with the Citi Dining Program.

Plus, with Citi's Payall feature, you can earn uncapped points on everyday expenses like rent, taxes, education fees, property management fees, childcare and other bills! Eligibility criteria applies. 

And for all you fans of music streaming and food delivery, there are more fun perks. When you pay with your Citi Rewards card, you can get $10 cashback once a month when you order with Deliveroo (on a single order over $25) and get $5 back on your monthly Spotify Premium subscription (so long as it's valued at at least $10). This monthly offer is available for cardholders until 31 January 2022.

Who is it good for

This card is a great pick for anyone looking to clear existing credit card debt, then have a premium piece of plastic in their wallet for future spending.

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Any catches

The annual fee will jump to $149 after the first year so if you’ve been sold on having a low annual fee, know it’s going up. 

Rewards program details

Rates and fees information correct as at 23 January 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

299,000 points

Fly Sydney to Melbourne one-way

19,500 points

$100 Giftcard

20,900 points

$100 Cash

40,000 points

Points earning

1 point per dollar on Mastercard, up to $10,000 per month

Rewards scheme

Transfer points to a range of airline programs or redeem your points for travel, cashback, gift cards, retail rewards and shopping gift cards.

You can redeem flights via Velocity, Singapore Krisflyer, or Emirates Skywards.

Points uncapped for eligible international purchases.

Instant discounts via Citi World Privileges

Value of rewards points

Spend $40,000 (Mastercard)

Spend $20,900 (Mastercard)

Spend $19,500 (Mastercard)

Spend $299,000 (Mastercard)

at $10,000 monthly


How do we calculate these points?
How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.


Rate and fee details


21.49% p.a.

0% p.a. for 14 months

0% p.a. for 14 months and then 22.24% p.a.


22.24% p.a.




$49 in the first year




3.5%, min $3.50










Payment options

Apple Pay, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

Citi PayAll allows you to earn Citi reward Points on everyday expenses (2% fee applies). Free wine every time you dine with the Citibank Dining Program when you pay with your Citi Credit Card.

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