Citibank Platinum Credit Card: 1.9% P.A. for 15 Months on Balances Transferred

Lgrammarstickler on 09/04/2013 - 22:19
Last edited 10/04/2013 - 01:05 by 1 other user

Moved to Forum (Requested by OP): Original Link

If you're unfortunate enough to have personal loan debts, this seems to be a good consolidation option. Note that at the end of 15 month period, the cash advance rate would be charged on outstanding balances; also, that a card fee of $199 per year applies (so that would be 2 x $199 if you wanted to take advantage of the full 15 month offer). Still, a pretty good deal.

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Citibank Australia

• 

  izzeho on 09/04/2013 - 22:44

  +3

  St George/Bank of Melb is still doing the 0% for 8 months ($55 annual fee). Granted I haven't done much research.

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  youness935 on 09/04/2013 - 22:56

  +2

  Here is a link to long term balance transfer offers from oz financial institutions http://www.creditcardfinder.com.au/for-life-balance-transfer…

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  delfredo on 09/04/2013 - 23:09

  It'll be good if they offer these or something similar to existing cardholders. It's a dent on the credit file every time an application is made for a new card.

  • 

    ozhunter on 09/04/2013 - 23:58

    I've seen the offer a couple of times appear on my NAB online banking, 1% for 12 months for balance transfer. It's not there at the moment though.

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  hashtagbargain on 10/04/2013 - 00:18

  +1

  No offence, but this at best a meh deal, esp with the $398 card fees. user izzeho offers much better option.

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  clubhonda on 10/04/2013 - 00:34

  +2

  HSBC has a zero fee, 0% interest on balance transfers:

  http://www.hsbc.com.au/1/2/btoffer

  • 

    ozhunter on 10/04/2013 - 01:22

    That's only 6 months though, but has no annual fee. Depends on how much you can get and are able to transfer.

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  emerson on 10/04/2013 - 01:04

  I did this deal about 16 months ago, i found Citibank customer service excellent, probably the best phone customer service i've even had to deal with.
  After my 15 month period expired i transferred my loan back to Westpac for a 9 month 0% interest rate (i paid off more than half of it while with Citibank). I think the Westpac deal is now only 6 months though.

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    hashtagbargain on 10/04/2013 - 02:27

    Then you've GOT to try the service from the AMEX Platinum helpline. Top notch service (IMO better than Citi, yes I've had both)