The Citibank Platinum Credit Card

International lender, Citibank, seeks to compete with Australia’s major lenders and other foreign lenders when it comes to luxury credit cards. The Citibank Platinum Credit Card is a product which offers a galore of features to users who are seeking convenience and luxury. The card is not for everybody, however; just the few who can afford to pay the substantial annual fee of $250. Nevertheless, the card does offer great affordability with its introductory balance transfer rate.

Instantly, consumers can reap rewards which exceed the $250 annual fee. For a limited period of time, new users will receive 60,000 bonus reward points upon their first purchase. The 60,000 points are equivalent to $350 in gift vouchers.  Thereafter, users will earn 1 point for every dollar spent and up to 4 points if a purchase is made at a bonus partner’s location.

Just as with every major rewards credit card, a 24/7 concierge program accompanies the card.  Users can enjoy the convenience of having assistance at the other end of the phone, wherever they may be. The services can be used for business or pleasure. Anything can be arranged with the assistance of the concierge service, such as the purchase of theatre tickets in Tokyo, the purchase of fine Italian shoes from Milan or little gifts for loved ones. Cardholders can utilize the concierge service from anywhere in the world, 24 hours a day 7 days a week.

With Citibank’s Dining Program, consumers will receive a complimentary bottle of wine when feasting at participating restaurants. They can even save money while reaping free gifts because the card comes with a 44 day interest free period for customers to make full repayments without incurring interest.

One of the greatest aspects of the Citibank Rewards Program is the flexibility. Users can utilize their rewards program for virtually anything, including school fees, merchandise, gift cards or even cold cash. The reward points never expire so customers can rack up as much points as possible and wait until they truly desire a product or service to reap the rewards.

Frequent flyers have the option to transfer to the Citi Qantas Rewards Program, in which their points will be automatically converted.

Users also receive complimentary travel insurance for themselves and family whenever they book their tickets with the Citibank Platinum Credit Card. This insurance is one of the premier programs currently available as it covers medical expenses, lost or stolen items, delayed and cancelled trips and personal liability. The card offers additional peace of mind to shoppers, as virtually all items purchased with the card are eligible for an extended 12 month warranty, after the expiration of the manufacturer’s warranty.

The Citibank Platinum Credit Card is definitely a product for high spenders who enjoy finer amenities. To own the card borrowers must at least have an annual income of $40,000. With a credit limit of up to $100,000, the $250 annual fee may seem menial considering the convenience that such a card can offer.