The Citibank Rewards Credit Card – Platinum is designed for those who want to receive reward points as well as those who are interested in top notch treatment around the globe.

Benefit of the Card’s Best Features?

With this card you will experience a world of opportunity. You will earn 1.25 points for every $1 spent on domestic purchases and on international purchases, you receive three points for every $1 spent. Compared with other rewards cards, this is an attractive earn rate. Apart from the rewards program, there is a low introductory interest rate of 0.9% p.a. on balance transfers for the first 9 months.

As a Citibank Rewards – Platinum cardholder you will receive customer service unlike anything you have ever experienced. For example, you can get reserved seating to concerts, sporting events, and other shows through Visa Front Line Access. Along with this, you have access to discount deals on hotels around the world.

Although you may not qualify, there is a maximum credit limit of $100,000. With this type of limit (or anything close) you will never need to carry another credit card.

Are There Any Drawbacks?

Like all credit cards, there are a couple of drawbacks associated with the Citibank Rewards Credit Card – Platinum. To start with, there is a $199 p.a. annual fee. This is on the high side compared to the broader market, but it is in line with other platinum level cards. At the end of the day it is up to you to decide if paying this much money is worth it to you.

The standard interest rate is 20.99% p.a. and the cash advance rate is 21.74% p.a. While these rates may be on par with most credit cards, they are still a bit high.

Who Would be Suited?

Anybody who is interested in a great rewards program will probably find this card to be an intriguing option. As you collect points, you will find that you are eligible to cash them in for everything from flights to gift certificates to cash back and much more.

While it is best suited for personal use, with its reward program and high credit limit it also makes for a great business card too. This is particularly true if you spend a lot of money purchasing services and stock for your business. Why not collect points with every payment and purchase that you make?

Who is Eligible?

If you are interested in this card, you are not alone. However, this does not mean that you automatically qualify. To be eligible, you must meet the following requirements: good credit rating; permanent Australian resident; and taxable income of $40,000 per year or more.

You can apply for the Citibank Rewards – Platinum online. The whole application process only takes approximately 10 minutes, with a response expected within 60 seconds of submitting the form.