The Point Hacks exclusive offers 110,000 bonus Velocity Points for new cardholders who apply for the Citi Premier Credit Card and spend $8,000 or more on eligible purchases within 3 months from approval.

The annual fee is $300 in the first year but cardholders can enjoy a discounted annual fee of $150 in each subsequent year if they spend $48,000 on eligible purchases or cash advances in the previous year.

The Citi Premier Credit Card earns up to 2 Citi reward Points per dollar on eligible spending and includes complimentary Priority PassTM membership with two airport lounge visits each year, plus the ability to earn Citi reward Points and automatically transfer your Points balance to Velocity Frequent Flyer each month with Points Autosweep.

Digging into the benefits of the Citi Premier Credit Card

The Citi Premier Credit Card earns Points in the Citi Rewards Program.

Card Details

CardCiti Premier Credit Card
Loyalty programCiti Rewards
Citi Rewards earn rate2 Citi reward Points per $1 spent on Eligible Transactions online or overseas
1 Citi reward Point per $1 spent on Eligible Transactions everywhere else
Points cap200,000 Citi reward Points over a 12-month period
Minimum credit limit$10,000
Earns points at ATONo
Travel benefitsPriority PassTM membership and two complimentary airport lounge visits each year
Annual fee$300 for the first year and $150 p.a. each subsequent year if you spend $48,000 on eligible purchases or cash advances in the previous year, otherwise $300 p.a. ongoing
Overseas transaction fee3.40% of the converted amount
Mobile walletApple Pay, Google Pay and Samsung Pay

Cardholders can transfer their Citi reward Points to Velocity at a 2:1 ratio and transferring to Velocity allows cardholders to redeem for flights on Virgin Australia.

Effective Velocity Points Earn Rates

Frequent Flyer ProgramAll other eligible spendEligible Transactions made online
and International Spend
Velocity Points0.5 point / $1 point / $

The minimum number of Citi reward Points required to make a transfer Velocity Frequent Flyer is 2,000 points in 1-point increments.

Any balance less than the minimum is ineligible to be transferred to frequent flyer programs.

Priority PassTM

The card also comes with Priority PassTM membership, currently valued at US$99 per year. Included are two airport lounge visits currently valued at US$35 each.

Complimentary Insurance*

Finally, you may be eligible for a range of insurances, including the following:

  • International Travel Insurance
  • Domestic Travel Insurance
  • Rental Vehicle Excess Insurance in Australia
  • Purchase Protection Insurance
  • Extended Warranty Insurance

Citi PayAll

Earn Citi reward Points on larger everyday expenses such as rent, taxes, education fees, property management fees, childcare and miscellaneous bills with Citi PayAll. Offers are subject to eligibility and are only available if your account is in good standing (for example – your account is not in default, suspended or closed). Citi PayAll fees apply.

Apple Pay, Google Pay & Samsung Pay support

Citi cards support Apple Pay, Google Pay & Samsung Pay, meaning you can use this card on your smartphone for easier payments.

Summing up: the Citi Premier Credit Card

The Citi Premier Credit Card Velocity Offer provides a market-beating 110,000 bonus Velocity Points offer with a card that earns points that can be automatically transferred to Velocity each month by Points Autosweep. The Card will especially appeal to those looking to earn Velocity Points.

The Card also offers other travel-friendly benefits. These include a complimentary Priority PassTM membership plus two airport lounge visits and complimentary insurance*, making for a more comfortable journey. Also, the ability to turbocharge your Points earned from Citi PayAll is another great feature.

Overall, this is a reasonably priced Card for the travel benefits that it provides.


Important information

National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded credit products. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services.

Our/us/we means NAB unless the context otherwise requires it.

“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.

~ 110K Velocity Points via Points Autosweep

To be eligible to receive 110,000 Velocity Points, you must apply for a new Citi Premier Credit Card by 2 September 2024, spend a minimum of $8,000 on eligible purchases using your new card within 3 months from approval and provide your Velocity membership number to us to enrol in Points Autosweep. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds and Chargebacks. You will receive an email from NAB after you have met the spend criteria, with information on how to provide your Velocity membership number to NAB to enrol in Points Autosweep. 220,000 Citi reward Points (equivalent to 110,000 Velocity Points) will be credited to your Citi Rewards Balance within 2 months of meeting the spend criteria and automatically transferred to Velocity on the date nominated by you, provided you have enrolled in Points Autosweep. Once transferred, it may take up to 1 month for the Velocity Points to appear in your Velocity account. Your Citi Premier Credit Card must remain open and in good standing (for example – your account is not in default, suspended or closed) for the Citi reward Points to be awarded. Membership of Velocity is your responsibility. The redemption of Citi reward Points will be administered solely by NAB and are subject to the Terms and Conditions of the Citi Rewards Program. Velocity membership and points earn and redemption are subject to the Velocity Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com. This offer is valid until 31 May 2024. Post this advertised date; NAB reserve the right to continue, withdraw or change the offer at any time without notice. This offer is not available when closing or transferring from another Citi branded credit card account or in conjunction with any other Citi branded credit card offer.

* Complimentary Insurance

AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the underwriter, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz) has issued a Complimentary insurance group policy to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) which allows eligible NAB account holders and cardholders to claim under it as third party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth).NAB is the credit provider and issuer of Citi branded credit cards. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”). Citi has agreed with NAB to provide transitional services in relation to the transferred business. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The terms, conditions, exclusions, limits and applicable sub-limits of the group policy are set out in the Citi Credit Cards Complimentary Insurance Policy Information Booklet which may be amended from time to time. Neither NAB nor Citi nor any of its related corporations guarantee this insurance.

^ Points Autosweep

To redeem Citi reward Points for Velocity Points you must be a Velocity member and advise NAB of your Velocity number prior to redemption. Velocity membership and Points earn and redemption is subject to the Velocity Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com. You can choose to manually redeem a minimum of 2,000 Citi reward Points at a time, or opt in for Points Autosweep. If you opt in for Points Autosweep, your Citi Rewards Balance will be automatically transferred to Velocity on the date nominated by you each month, provided your Rewards Balance is at least 2,000 Points. The rate at which Citi reward Points are redeemed for Velocity Points will be displayed at the time of redemption or you opting in for Points Autosweep. Visit www.citirewards.com to manually redeem Citi reward Points for Velocity Points or set up Points Autosweep. You may opt out of Points Autosweep at any time and still be able to manually redeem your Citi reward Points for Velocity Points. The redemption of Citi reward Points will be administered solely by NAB and are subject to the Terms and Conditions of the Citi Rewards Program. Velocity Points may take up to 28 days to appear in your Velocity account. Once Citi reward Points have been redeemed for Velocity Points, they are governed by the Velocity Terms and Conditions and cannot be changed, cancelled or reversed.

Point Hacks exclusive: 110,000 bonus Velocity Frequent Flyer Points with the Citi Premier Credit Card was last modified: May 30th, 2024 by Daniel Sciberras