Receive 100,000 Citi reward Points^ (equivalent to $400 when you Pay with Points) when you apply for a new Citi Rewards Credit Card and spend $5,000 or more on eligible purchases in the first 3 months from approval. Plus pay a discounted first-year annual fee of $99 ($199 thereafter).
The Citi Rewards Credit Card is an everyday card linked to Citi’s flexible program – Citi Rewards.
Other cards in the Citi Rewards program lineup are the higher tier Citi Premier and the featured-packed high-end Citi Prestige Credit Card. This guide covers the earning rates and benefits of the Citi Rewards Credit Card.
Digging into the details of the Citi Rewards Credit Card
Card Details
| Card | Citi Rewards Credit Card |
| Loyalty program | Citi Rewards Program |
| Citi Rewards earn rate | 1 Citi reward Point per $1 spent on eligible purchases |
| Points cap | $10,000 per statement period on domestic spend, uncapped for international spend |
| Earns points at ATO | No |
| Access to Complimentary Insurance* | Domestic and International Travel Insurance Mobile Phone Insurance Purchase Protection Insurance (Policy Information Booklet) |
| Overseas transaction fee | 3.4% of the converted amount |
| Mobile wallet | Apple Pay, Google Pay and Samsung Pay |
Effective Frequent Flyer Program Point Earn Rates
| Frequent Flyer Program | Points earned from spend |
|---|---|
| Velocity Frequent Flyer | 0.4 points / $ |
| Singapore Airlines KrisFlyer | 0.33 miles / $ |
| Flybuys | 0.75 points / $ |
You will be automatically enrolled in the Citi Rewards Program once you’re approved for the Citi Rewards Credit Card. The program is a flexible credit card points program that allows you to transfer your points to various airline partners at a time of your choosing. There are currently three transfer partners as part of the program:
- Velocity Frequent Flyer (2.5:1)
- Singapore Airlines KrisFlyer (3:1)
- Flybuys (1.33:1)
Unlike the Citi Premier or Citi Prestige cards, the Citi Rewards Credit Card does not allow users to earn Qantas Points directly through the Citi Qantas Rewards program.
The points earn rate for eligible purchases is 1 Citi reward Point per AUD1 – which transfers at a 2.5:1 ratio to Velocity Frequent Flyer, 3:1 to KrisFlyer and 1.33:1 to Flybuys. This results in an effective earn rate of 0.4 per dollar for Velocity Points, 0.33 miles per dollar for KrisFlyer and 0.75 points to Flybuys.
Citi Rewards credit cardholders have a points cap of $10,000 on purchases within Australia per statement period, but there is no cap on international spending.
International spending incurs a 3.4% international transaction fee, with no points being earned on the fee.
Features of the Citi Rewards Credit Card
The minimum number of Citi reward Points required to make a transfer varies depending on the partner program and are as follows:
- Velocity Frequent Flyer – Minimum 2,000 points in 1-point increments
- Singapore KrisFlyer – Minimum 20,000 points in 1-point increments
- Flybuys – Minimum 2,000 points in 1-point increments
Any balance less than the minimum is ineligible to be transferred to loyalty programs until the minimum threshold is reached.
The Citi Rewards Credit Cards offers benefits in addition to rewards points, including complimentary insurance, 10% off (up to $250 per booking) Limited Time LUX Exclusive hotel offers with Luxury Escapes and access exclusive discounts and cashback offers with complimentary VIP membership for one year with Wrapd. Further information on these benefits can be found here.
Pay with Points
The Citi Rewards Credit Card offers the flexibility of Citi’s Pay with Points feature. Pay with Points allows cardholders to use their hard-earned points to offset eligible purchases.
There are three ways to do this:
- Pay with Points (full amount)
- Pay with Points (partial amount via the Citi Mobile® App only)
- Spend and Redeem (real-time SMS offer)
No matter which option you choose, cardholders can redeem their Citi reward Points at a rate of up to $10 back per 2,500 Citi reward Points (0.4 cents per point). For more details, click on the Pay with Points link above.
Access to Complimentary Insurance*
You may also be eligible for a number of insurances, such as the following:
- Complimentary International and Domestic Travel Insurance
- Complimentary Mobile Phone Insurance
As usual, you’ll need to read the Policy Information Booklet to consider the eligibility requirements and assess whether these insurances meet your individual needs and offer substantial value.
This guide references some of the benefits of insurance policies provided with this card. You should read the Policy Information Booklet and obtain independent professional advice before obtaining this product.
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
Citi cards supports Apple Pay & Google Pay & Samsung Pay, meaning you can use this card on your smartphone for easier payments.
Summing up
The key benefit of the Citi Rewards Credit Card is the flexibility of the Citi Rewards program, which allows you to transfer reward points to your frequent flyer program of choice at a time that best suits your travel needs or to take advantage of special offers like the bi-annual Velocity transfer bonus offers.
The card is best suited to travellers who would like a choice of a few airlines or Flybuys options. While the choice of airlines in the Citi Rewards program linked to the Rewards Card is quite limited, it does cover two of the most popular airlines in the Australian market outside of Qantas.
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.
^ 100,000 bonus Citi reward Points
To be eligible to receive 100,000 bonus Citi reward Points, you must spend a minimum of $5,000 on eligible purchases using your new card within 3 months from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds and Chargebacks. The 100,000 bonus Citi reward Points will be credited to your Rewards Balance within 2 months of meeting the spend criteria. All rewards are subject to the Terms and Conditions of the Citi Rewards Program. Your Citi Rewards Card must remain open, in good standing (for example – your account is not in default, suspended or closed) and enrolled in the Citi Rewards program for the bonus Citi reward Points to be awarded. This offer commenced 22 February 2024. NAB may vary or end this offer at any time. 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.
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