Citi Clear offers a reduced interest rate of 0% per annum for 28 months on paying off debts from other credit cards and even personal loans through a balance transfer.
This extended period is ideal for people concerned about paying off debts while keeping their finances in check at the same time.
We often see shorter terms like 6, 12, and 18 months, but Citi Clear stands out by offering one of the longest balance transfer periods.
However, it has other significant benefits as well, so even if you don’t have debts you want to transfer to the Citi Clear card, there are still plenty of reasons to consider applying.
Key benefits of Citi Clear
- Low purchase rate: Lower than what most credit cards offer.
- 10% off (up to $250) on exclusive hotel deals via the Luxury Escapes app.
- Cashback: Access exclusive offers on Citi Mobile, use the card at selected stores, and get cashback automatically on part of your purchases.
- Up to 44 days interest-free on purchases.
- Up to 4 additional cardholders at no extra cost (for anyone 16 years or older).
- CitiPayall: The card can be used for rent, education fees, taxes, and other services.
Drawbacks
The interest-free days on retail purchases have recently changed. It used to be up to 55 days; now, customers can get a maximum of 44 days.
People who activate a balance transfer cannot obtain this interest-free period, so this is a limitation to consider.
It’s common for companies to limit balance transfers, and Citi Clear does this too. You can transfer a debt that occupies up to 80% of your card limit. For example, if the card offers a $5,000 limit, you can transfer up to $4,000.
There is currently no promotion for an annual fee waiver, which can be an additional cost for those who don’t frequently use the card and access the offers to make the most of them.
Citi Clear Credit card fees
- One-time balance transfer fee: 2%
- Annual fee: $99
- Cash advance: 22.24% p.a.
- Retail purchase rate: 14.99% p.a.
- CitiPayall fee: 0.95%
Our Take
This could be a good credit card for those looking to start making financial transactions with an efficient payment tool.
It’s important to consider the pros and cons to maximise the benefits, but we noticed that it’s a standout for low interest rates that please all customers.
The generous balance transfer period is an incredible solution for people looking to pay off existing debts more comfortably since they can count on 28 months without interest.
However, to enjoy the best offers, it’s necessary to have a good credit history, which may exclude some applicants, but you can check right now if you meet the eligibility criteria for approval of this credit card.