Credit Card Deals from Citibank
| Credit Card | Purchase Rate | Balance
Transfer |
Interest Free | Reward Points | Card Fee | |
|---|---|---|---|---|---|---|
| Citibank Clear Platinum Credit Card - Includes complimentary international travel insurance. | ||||||
 |
11.49% p.a |
0% p.a (for first 6 months) |
Up to 55 days | $49 (for first year) |
 |
|
| Citi Clear - Open the VIP door with VISA entertainment to access the hottest tickets for movies, shows sports and travel. | ||||||
 |
11.99% p.a (for first 12 months) |
0% p.a (for first 6 months) |
Up to 55 days | $65 | |
|
| CitiBusiness Gold Card - The CitiBusiness Credit Card is your ultimate business companion, with 1.25 reward points for every $1 you spend and 2.9% for 9 months on balance transfers. | ||||||
 |
20.49% p.a |
2.9% p.a (for first 9 months) |
Up to 55 days | $1 = 1.25 points | $74 (half price for first year) |
|
| Citibank Gold Card - Free international travel insurance for you and your family. Free 1-for-1 rewards program including Qantas Frequent Flyer. | ||||||
 |
20.74% p.a |
1.9% p.a (for first 12 months) |
Up to 55 days | $1 = 1 Point | $149 | |
| Citibank Silver Card - Personalised 1-for-1 rewards program. Free international travel insurance. | ||||||
 |
20.74% p.a |
2.9% p.a (for first 12 months) |
Up to 55 days | $1 = 1 Point | $89 | |
| Citibank Platinum Credit Card - Citi Platinum gives you a low 3.9% p.a. for the life of the balances transferred and a generous credit limit of up to $100,000 plus a complimentary Personalised Rewards program. | ||||||
 |
20.74% p.a |
3.9% p.a (for life of the balance transferred) |
Up to 55 days | FREE personalised 1-for-1 rewards program | $250 | |
| Emirates Citi Platinum Card - Earn 3 Skywards Miles per AU$1 spent (normally 1.5 Miles per $1). Enjoy FREE access to the Emirates Lounges in Australia and the Marhaba Lounge in Dubai, and the convenience of Emirates' chauffeur-drive service when you travel to and from airports in Australia. | ||||||
 |
20.74% p.a |
1.9% p.a (for first 12 months) |
Up to 55 days | up to 3 Skywards Miles (Special Offer) per $1 spent | $229 | |
| Citibank BP MasterCard - 5% off your petrol and everything else you buy at BP^. 0.5% off everything else you buy anywhere†| ||||||
 |
20.89% p.a |
1.9% p.a (for first 12 months) |
N/A | 5% off your petrol and everything else you buy at BP^. 0.5% off everything else you buy anywhere†| $79 | |
What is Citibank? Date Published : Tuesday, February 19, 2008
Source : Credit Card News from Money AU
Australia has taken many US companies under its wing in recent times. None more so that Citibank, one of the biggest players in the financial services market in the US.
While still relatively new in Australia, Citibank already can claim to boast more than one million customers throughout the nation, with that number rising rapidly.
Citibank is the consumer and corporate banking branch of the Citigroup financial services firm, which was formed after a merger in 1998.
However, its history lies under the name of the City Bank of New York which, through the late 19th century, was the main bank in that city. A succession of mergers and acquisitions made it into a major force in the world markets and, today, Citigroup has over 200 million customers in 150 countries.
Citibank Australia was formed in 1985 and was given a license to trade later that year. Despite this though, it remained only a small player in the nation's banking system until the late 1990s.
Based in Sydney, Citibank Australia offers customers deals on home loans and personal loans, savings accounts, credit cards and insurance. It is also one of the biggest providers of superannuation funds in Australia.
Citibank prides itself on its international strengths and offers multi and dual currency accounts as well as a full range of superannuation and investment options, including international investment accounts. Its international clout means its consumer products can be very competitive.
>> Compare your current credit card rates with Australia's top providers.
Australian Finance News
Australian Banks Continue To Battle For Deposits By Offering High Introductory Rates
Australia’s largest banks are using high introductory online savings rates to attract retail deposits and expand their deposit bases. Despite the high introductory rates, the lenders later aggressively cut back their deposit rates in order to preserve their profit margins.
The investment bank Macquarie conducted an analysis of the online savings market which found that the big four Australian lenders, as well as some international rivals were offering introductory rates that were as much as 200 basis points higher than the 4.5 per cent official cash rate.
QBE Denies Chief Executive To Step Down
Australian insurance major QBE has moved to end speculation that its chief executive is poised to step down. QBE chief Frank O'Halloran has run the company for the last twelve years, and the insurer says that he would continue in that role "for the foreseeable future".
Rumours of Mr. O’Halloran’s departure ricocheted around the insurance industry this week, when speculation began to emerge that Mr. O’Halloran would hand over the reigns of the company to Peter Harmer, a senior executive at insurance broker AON.
Research Firm Says ANZ Offers Best Value For Small Business
Australian banking major ANZ, has been named by a financial research firm as the lender which provided the best value banking service for small business. Despite the accolade, ANZ has not managed to convince all the decision makers in the business sector, and still lags behind rivals.
Canstar in issuing the award said certain product features that matter a great deal to small business provided by ANZ including credit facilities and loans.
But this has yet to translate into higher customer satisfaction levels with the bank.
JP Morgan To Cease Proprietary Trading
Global banking giant JP Morgan has apparently decided to close down its proprietary trading operations, sources from within the bank say. According to an unnamed source quoted by Dow Jones, JP Morgan has issued notice to approximately 20 proprietary traders that trade commodities.
JP Morgan has never had a huge focus on proprietary trading, and it’s prop trading desks have tended to be small. Nevertheless those desks have been affected by regulatory reform and in particular the Volcker Rule, which forbids banks from proprietary trading, proprietary investments in hedge funds and private equity.
Australians Believe Not Enough Competition In Banking
A survey undertaken by Australian wealth manager AMP suggests that nearly 78 per cent of all Australians believe that acquisitions by banks should be restricted.It is no coincidence that the survey results were released on the eve of the ruling by the competition regulator on National Australia Bank’s proposed acquisition of Axa Asia Pacific Holdings.
According to the AMP survey, an overwhelming majority of 71 per cent of people polled say they believe that there needs to be increased competition within the Australian financial services sector.