Citi Clear Credit Card 0% Balance Transfer for 24 Months and Low Annual Fee in Australia
Perfect for Aussies consolidating high‑interest debt, the Citi Clear Credit Card delivers 0% balance transfers for 24 months, a $49 first‑year fee and up to four additional cardholders at no extra cost.
Overview of the Citi Clear Credit Card in Australia
The Citi Clear Credit Card is a strong pick for Aussies wanting to consolidate high‑interest debt with a 0% balance transfer for 24 months. It’s a straightforward product: low first‑year annual fee, practical protections and the flexibility to move balances from other cards or loans.
Backed now by NAB while keeping the Citi brand, this card targets people who prioritise debt reduction over rewards. If you’re planning to pay down a loan or multiple cards, the Citi Clear Credit Card’s 0% balance transfer offer can save significant interest when used correctly.
Main benefits and practical features
Primary draws include the 0% interest on balance transfers for 24 months and a modest $49 annual fee in year one (reverting to $99 thereafter). The card allows up to four additional cardholders at no extra cost, making it handy for family budgeting or shared expenses.
Additional perks such as extended warranty and purchase insurance add real value for everyday purchases. The purchase rate of around 14.99% p.a. and up to 55 days interest‑free on purchases (subject to terms) make this card competitive for Aussies who sometimes carry a small balance.
Fees, rates and how the balance transfer works
The balance transfer is 0% for the first 24 months but attracts a one‑off 1.5% fee — so factor that into your calculations when transferring existing debt. After the promotional period, balance transfers revert to the standard rate (around 22.24% p.a.), so plan repayments to finish within the 24 months.
Other fees to note include cash advance fees and a foreign currency conversion fee of about 3.4%. The minimum repayment is 2% of the closing balance or $30, and late payment fees apply. These are standard for credit cards in Australia; compare them against potential interest savings from the 0% balance transfer.
Eligibility, application steps and smart usage tips
To be eligible you generally need to be an Australian resident, over 18, and meet a minimum income threshold (typically around $35,000). Applying online is quick if you have ID, proof of income and details of existing debts at hand — applications can take as little as 10 minutes to submit.
Use the Citi Clear Credit Card for purposeful debt consolidation: calculate the 1.5% transfer fee versus interest saved, set up a repayment plan to clear the balance before 24 months, and avoid making new purchases on the same card while you’re repaying transfers. Adding supplementary cardholders can simplify household finances without extra cost.