The BP-Citibank credit card has some middle of the line features that make it a decent choice for a first or second credit card. The real draw of this Australian credit card is that it has a great cash back rewards system. If you pay your bills in full on time within the generous interest free period, you can end up saving yourself quite a bit of money on purchases. So if you’re a road warrior looking to save as much as possible, the BP-Citibank credit card’s 10% cash back on fuel purchases from BP filling stations could be a real money-saver for you!

Benefit of the Card’s Best Features?

The main draw of the BP-Citibank card is the cash back rewards program. Drivers can really take advantage of the 10% cash back at BP (up to $600 per month), which shows up automatically on your statement. For all other purchases, you will get 0.5% cash back up to $5,000 per month. There is also a $50 immediate cash back on your first spend that helps offset the yearly cost of this credit card. With the Citibank World Privileges program, you can get other great benefits too like 25% off shopping.

It can be easier to pay your bills on time because you are given a 55 day interest free period, longer than what some other Australian credit cards are now offering. This can really help you avoid those high interest rates, which aren’t so hot with this card at 20.89% p.a. for purchases.

The 0% p.a. on balance transfers lasts for 6 months, which is one of the more competitive deals currently available on the market. This could be your answer if you have a small amount of debt building up high interest. After the 6 months is up, balance transfers will go to the cash advance rate of 21.39% p.a.

Big spenders will appreciate the $25,000 maximum limit on the BP-Citibank credit card. For such as high maximum limit, the requirements for applying are pretty low. You only need to have a yearly income of this same amount – $30,000.

It is also worth pointing out that the security features of the card are great. They offer features like emergency card replacement, Fraudshield, and also free purchase cover. You can also purchase additional insurance if you desire. The customer service is known for being very generous and is open 24/7 to handle any queries you may have.

Are There Any Drawbacks?

The standard ongoing interest rates on purchases and cash advances are far from the best. Standard purchases are 20.89% p.a. and cash advances are about the industry standard of 21.39% p.a..

If you aren’t going to be able to pay off your balance transfer within 6 months, then this feature can be a major drawback since balance transfers go to 21.39% p.a. after this period ends.

Who Would be Suited?

Because of the nice cash back rewards program, the BP-Citibank card is a great choice for those who purchase a lot on their card every month. Commuters will also save a lot with this credit card thanks to the 5% cash back at BP. Still, the standard interest rates are far from being the best. If you can’t pay your bills in full within the 55 day grace period, then it isn’t worth getting the rewards. Thus, you may only want to use the BP-Citibank credit card for fuelling up and use a different card for other purchases.

Who is Eligible?

To be eligible for the BP-Citibank credit card, you must have good credit rating, a minimum income of $30,000 yearly, and be a permanent resident of Australia. If you already have a Citi credit card, then you will not be able to apply for this card for at least 9 months after getting your existing card.