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Up to 150,000 bonus Citi reward Points with the Citi Premier credit card
Card Overview
The Citi Premier credit card has up to 150,000 bonus Citi reward Points (equivalent to $600 when you Pay with Points) on offer for new cardholders who spend $7,000 or more on eligible purchases within 90 days from approval and keep their card for over 12 months. The card earns up to 2 Citi reward Points per dollar on eligible transactions and includes two complimentary Priority Pass airport lounge visits each year, plus the ability to transfer points from the Citi Rewards program to a number of participating partners.
Key Attributes
Up to 150,000 bonus Citi reward Points, receive 120,000 bonus Citi reward Points when you spend $7,000 on eligible purchases in the first 90 days from approval and an additional 30,000 bonus Citi reward Points when you keep your card over 12 months
Receive two complimentary airport lounge visits every year when you enrol in Priority Pass
Ability to earn Citi reward Points and redeem them for a statement credit via Pay with Points or transfer them to participating partners
Apple Pay, Google Pay & Samsung Pay Support
2 Citi reward Points per $1 spent on Eligible Transactions online or overseas and 1 Citi reward Point per $1 spent on Eligible Transactions everywhere else, capped at 200,000 Citi reward Points over a 12-month period
0% p.a. for 6 months with no BT fee on balance transfers. Reverts to cash advance rate. No interest free days apply to retail purchases while you have a balance transfer.
Annual Fee: $300 p.a. ongoing
Citi is offering up to 150,000 bonus Citi reward Points (equivalent to $600 when you Pay with Points) for new cardholders of the Citi Premier credit card. This is currently equivalent to 75,000 Velocity Points or 60,000 KrisFlyer miles when transferred out of Citi Rewards.
The bonus is only available for new cardholders who are approved for the Citi Premier credit card and is split into two parts. The first 120,000 bonus Citi reward Points are to be received after spending a minimum of $7,000 on eligible purchases in the first 90 days from approval using your new Citi Premier credit card and an additional 30,000 bonus Citi reward Points if you keep your card over 12 months.
The Citi Premier credit card earns up to 2 Citi reward Points per dollar on eligible spend and includes complimentary Priority PassTM membership with two airport lounge visits each year, plus the ability to earn Citi reward Points and redeem them for a statement credit or transfer them to participating partners.
Digging into the benefits of the Citi Premier credit card
2 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 cap
200,000 Citi reward Points over a 12-month period
Minimum credit limit
$10,000
Earns points at ATO
No
Travel benefits
Priority PassTM membership and two complimentary airport lounge visits each year
Annual fee
$150 for the first year and each subsequent year if you spend $48,000 on eligible purchases or cash advances in the previous year, otherwise $300 p.a. ongoing
Cardholders can transfer their Citi reward Points at the following rates.
Transferring to Velocity allows cardholders to redeem for flights on Virgin Australia.
Effective Frequent Flyer Program Point Earn Rates
Frequent Flyer Program
All other eligible spend
Eligible Transactions made online
and International Spend
Qantas Points*
0.5 point / $
1 point / $
Velocity Points
0.5 point / $
1 point / $
KrisFlyer Miles
0.4 point / $
0.8 point / $
* Qantas Points are only earned through the Citi Premier Qantas credit card
The minimum number of Citi reward Points required to make a transfer varies depending on the partner program.
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 frequent flyer programs until the minimum threshold is reached.
Priority PassTM
The card also comes with Priority PassTM airport lounge membership, currently valued at US$99 per year, and two included airport lounge visits currently valued at US$35 each.
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
As per usual, you’ll need to read the Policy Information Booklet to consider the eligibility requirements and assess if these insurances meet your individual needs and offer you 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.
The Citi Premier credit card’s airline and loyalty partners are of a high quality and are among the largest in the Australian market. The Card also comes with additional benefits, such as complimentary Priority PassTM membership and 2 airport lounge visits and complimentary insurance, making for a more comfortable journey in the future. Also, the ability to turbocharge your Points earned from Citi PayAll is another great feature.
The Card remains to be considered for high volumes of points earn outside of Qantas Frequent Flyer on a Mastercard or Visa so you’ll need to be using the card a lot on online and overseas spend to make the fee worthwhile, also note that points earn is capped at 200,000 Citi reward Points over a 12 month period.
Overall, this is a Card worth considering for those who like to diversify their Points earn and are looking for a mid-range annual fee card.
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.
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.
Up to 150,000 bonus Citi reward Points with the Citi Premier credit card was last modified: November 25th, 2025 by
Community Comments
The effective earn rate for a FF program isn’t very good for this latest citibank card offer. Most purchases will be 0.5 points earned, unless you make heaps of overseas transactions (be careful of high transaction fees and poor exchange rates that some cards have, if you do). A good bonus offer, but not so good for ongoing earning of points.
I personally have this card and agree the in-person rate isn’t the best, but the double rate for online purchases is great. Most of my spending these days is online, and I could even earn more points by buying gift cards for the supermarket etc. if I really wanted to maximise my points earn on this card.
I have received bonus rewards points in the past year and am still holding a Citi Prestige car. Am I eligible for the 200,000 bonus Citi Rewards points or 100,000 Qantas points on offer for a new Citi Premier card right now?
From the T&C #1, it doesn’t mention that clients who held a Citi Rewards card in the past 12 months or currently holds a Citi Rewards card will be excluded for the offers. But it’s very rare…
Hi Jenny, Citi is indeed a rare example where there isn’t always an exclusion period for re-applying with card offers. However, do keep in mind that Citi may decline an application for someone re-applying for a card soon after closing it (or a similar one).
Sorry trying to make sense of this as i’m coming up to 12 months since I last had a citibank card. Given they are owned by NAB is it safe to say i need to wait 18 months in order to get the bonus again? Or Citibank don’t have a set policy as you say?
Would someone be able to shed some light onto when I will be able to transfer Citibank rewards to velocity points again. The cost to benefit ratio of this card is at an all time low with most of its benefits at the moment unusable. Citibank wont even acknowledge a forward reduced annual fee.
This decision will differ from bank to bank. I suspect that many banks are waiting for the sale of Virgin Australia to be finalised after the second creditor’s meeting on 26 August, but I have no specific communication from Citibank on this.
annual fee is reduced to $195 p.a but you need to pay again after 12 months double that amount in order to keep earning points?
Is there anything that would stop you cancelling after 12 months?
if you did cancel early would that mean you would have only earned half of the 155,000 velocity points available (ie approx 78,000)
Priority pass membership entitling me to access to any of their lounges or is just two visits?
Thanks guys
Does the diners club card include the diners club lounge network? The comments in this thread seem to suggest they do. I was of the understanding it didn’t and I couldn’t find anything on the Citi bank site. It would be a game changer if it did.
What’s the minimum time frame since your last citi credit card, that makes you eligible for bonus points?
thanks heaps for the reply Matt. with diners club access to lounges and a less than $200 total annual fee this card deal looks the goods.
I’m wondering if there’s an additional card holder available. My wife and i and three sons are going around the world on the qantas 140,000 points deal. Would be great to both get into lounges on a diners club card each???
Also think the kids will have to find other things to do, most lounges only let kids under 3 in for free 🙁
As far as I know, linked Diners Club cards are able to be applied for at this time. And, yes, they provide lounge access—here is a list of eligible lounges.
@Keith Looks like Citibank has recently updated their transfer rate to Velocity. What used to be 2:1 is devalued to 2.5:1. That’s currently displayed on their website. I’ve also called them to double check as I was interested in applying for their card. They confirmed the 2.5:1 rate. That’s unfortunate.
I can confirm that if you hold a Citi Signature card, the transfer rate is still 2 Citibank Rewards points for 1 Velocity point. This is reflected in your online Rewards account when you go to transfer your points.
The transfer rate of 2.5 Citibank Rewards points for 1 Velocity point applies to the Citi Platinum card.
The T&Cs do not specifically exclude current Citibank credit card holders from being eligible for the bonus points, however, it is always best to check with Citibank prior to applying to be certain. Their terms regarding the bonus points are as follows:
To be eligible to receive up to 300,000 bonus Points you must apply for a Citi Rewards Signature Credit Card by 31 March 2019. You will receive 15,000 bonus Points when you spend a minimum of $1,000 during each monthly statement cycle. A maximum of 300,000 bonus Points can be earned over the first 20 monthly statement cycles. If you do not meet the minimum spend for one monthly statement cycle, you forfeit the bonus Points for that monthly statement cycle, however you are still eligible for subsequent months 15,000 bonus Points if you meet the minimum spend within each monthly statement cycle during the promotional period. Cash Advances, Balance Transfers, Refunds, Chargebacks and Special Promotions do not contribute to the spend threshold. The bonus Points will be credited within 6 – 8 weeks of meeting the spend criteria for any given month. All rewards are subject to the Terms and Conditions of the Citibank Rewards Program. Points do not expire while the card remains open and in good standing. Please note that if you have a balance transfer, you will be charged interest on any spend that you make. This offer is valid until 31 March 2019. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
I have confirmed with Citibank that applying for a linked Diner’s Club card will not create an additional credit enquiry, however as at 11 September, I was advised that they have temporarily suspended issuing these cards due to their systems requiring upgrading. Citibank could not give a specific date when this will be up and running again.
If you like being jerked around for months talking to indian call centres have numerous staff lie to ,not able to speak to any local person, then dealing with citi is the place for you, my saga started in dec last yr ,it took months to actually get them to accept me with a great credit rating,the worst banking experience of my life would not have bothered for the points 120000 citi points sounds great but it translates to 50 000QF ff points ,do yourself a favour don’t have ANYTHING TO DO WITH THEM if youre after points go to ANY other bank ,I have sent in an official complaint to the banking ombudsman about this dodgy bank
Hi Keith,
Good article, but it looks like Citi may have devalued airlines transfer rates again; at Citi Rewards they show Velocity at 2.5:1 and Kris at 3:1 or am I missing something as at this transfer are the 120k bonus doesn’t really seem that great anymore.
Thanks.
The way the Citibank Rewards site is designed is that it shows the transfer rates that apply for the Citi Platinum card when you visit without logging in.
However, when you log into the Citi Rewards site as a Citi Signature card holder, the correct transfer rates apply. These are:
Thanks for a great article about citi rewards.
I just want to ask about the increased bonus of 120k. How much is it equal to Qantas points ? Also the same Q for citi infinite card ?
I had applied for Citi Signature Qantas card a month or so ago, after continual phone calls and supplying all of my information as in tax returns, accountant details etc they have today knocked me back and said to reapply in 3 months as I am a risk to them. I’m staggered as I have an excellent credit history, have never been late on a payment for anything, earn good money, own my house and I am able to travel regularly to overseas destinations. I just don’t get it. Admittedly I only wanted the 50000 Qantas points on offer, so will go elsewhere I guess. I have never had an issue with any other credit card providers. I often churn cards after two or so years as a safety thing as well as sign on bonuses.
Keith – I think this transfer option might have been here for some time, but I don’t think anyone has reported it. Citi Signature Rewards seem to let me transfer to Emirates Skyward Miles: “2.5 Rewards points for 1 Skywards Miles”. Not a great transfer rate, and not the best FFP, but another option nonetheless.
Shame they are devaluing the program, but I suppose with a large number of the cards not bringing in any annual fee revenue, and the RBA cutting down on the merchant fees, it was inevitable this was going to happen.
I think the cut in the FOREX earn rate will hurt more the cut in domestic spend.
Still, it’s hard to find a Visa card that has a better earn rate than 0.75/$1, especially when factoring in the card is free.
From the sounds of it bpay will also no longer earn points, so that’s something to be careful of. Best to set up direct debit or go to the service providers page and use their payment system.
Hi Keith, did you notice the transfer rate to velocity and KrisFlyer decrease in March 2016 as well in the fine print? Dropping to 2:1 from the current 1.5:1
I called citi before I applied this card and been told that i can only choose either 60k points or $299 fee waive for life can only been ( YES, You can’t have both).
I end up just take the fee waived.
Or maybe I just got cheated by their representatives?
Is this for Qantas Points or for Citi Rewards points that you’re looking for? The annual fee waiver on the Qantas Point offer is for first year only, if you were asking for waived for live then they may have been trying to get you in at that level, but with no points.
Hi Keith, the $49 Qantas opt-in fee is annoying on this offer. Do you know if you have to call and request the opt-in like you do wit CBA? And is there any charge for additional cardholders?
I believe it’s applied as part of the signup process – you need to submit your QFF # I think to get this offer for the 60k points so given that, you’d then get charged the fee.
AFAIK there’s no fee for additional cardholders on this account.
Note that you do NOT earn any points when you pay your ATO bills with the Citibank card. I was about to sign up for them and found this important thing out prior. I went for the St George / Bank of Melbourne Altitude card instead for my non-Amex spend.
I am looking for a non Amex card (for when Amex isn’t accepted) that I can transfer points to Krisflyer account, from what I can tell the Citibank cards are the only ones you can do that with is this correct?
There’s no specified timing on the offer page, but from experience Citi Rewards points credit to the account instantly as soon as they are earned, so I would hope that would be at the end of the month that you meet the min spend criteria with the earn ‘x’ points every month offer, or with Qantas points they will sweep over mid month, so points from previous month should credit then. But check with Citi on the phone if this is really important to you.
Hi Keith
I have the Virgin Money velocity flyer visa, which is issued by citibank, so would I be eligible for this introductory offer for the bonus points? As I noticed on the citibank website that it states that existing citibank credit card holders are not eligible to apply for this offer.
In my experience, you’re not eligible for a new product with Citibank if you previously were approved for any other Citibank credit product in the previous 6 months. However, not sure if they block you from applying altogether with Virgin Money / CB product crossovers so best to give them a call to check.
Can anyone with this card tell me how long after the first spend the points will take to be credited to an account? This card may come in handy towards the end of the year when Im about to purchase seats if I find Im a bit short but don’t want to leave it too close: if they came within 2-3 mths that would be ok .
I’ve had this card for 3 months and I was always suss about the rewards points system not being in effect. Earlier enquiries to customer service instructed me to be patient, but today I phoned up again and sure enough, I’m not registered. So it’s being investigated with an answer in 5 days or so. The guy (pretty sure he was offshore) was efficient and figured there was a problem straight away, so no point in grilling him. If I’m not rewarded with the sign up bonus and points that should have been accredited, I’ll be letting rip. I’ll give the onshore number (in a comment below) a call if need be.
Also had an issue with the additional card holder having the wrong home address so wasn’t issued. Didn’t resolve that after a few calls. Just couldn’t be bothered to keep trying. Will try again if/when the rewards issue is resolved. The infamous Citibank customer service at work again…
Finally got my points up and running, but had to call a few times to get the 60K points, which only came through today.
I’m glad you got your points. Citibank stiffed my wife for her 60,000 points and as a consolation credited her with 2,000 Citibank reward points. Card is about to be cancelled. Would not recommend Citibank credit cards.
I’ve had similar issues with Citibank customer service early last year. I believe this was because they had all their customer service representatives offshore. Fortunately they had someone locally contact me and resolved my issue and offered me either 5k or 10k (I cant remember exactly) in points for the trouble. They also said in future if I had any issues to contact Onshore Services on 02 8225 0000 or 02 8288 2291. They are open from 8am to 8pm EST. Hope this helps people with issues with Citibank customer service.
I’d stay away from this card. I signed up online, and there was no option to credit the points to Qantas instead of Citibank rewards. I was a little suspect, so I rang them as my application was in process, and I was clearly told the 60k points would be credited to my qantas account (agreed to the extra fee and reiterated my qantas details). Two months later, over 8k spent on the card, repeat communication, and I receive an online message on the Citibank website saying I’m not eligible for the 60k qantas points, as they were credited to the Citibank rewards program. I’m still arguing with Citibank to get the points credited to my qantas FF, but it’s been a major hassle, and their representative has made no guarantee that they will credit the points to qantas.
Keith – This Citibank deal is not as advertised. As you said in another reply above, the deal clearly states that the points can be credited to Citibank rewards or qantas. I wouldn’t be recommending Citibank products if they’re not holding up their end of the deal.
Sorry I missed this comment. Hope you get a resolution out of Citibank, it should be pretty clear cut but their customer service does leave a fair bit to be desired.
Just to let everyone know the 60K bonus points is only for their Citibank rewards and not transferable to Qantas points. I was about to sign up until they online chat lady told me this was the case.
Hey Karl – you should argue this. The current offer page states:
You have the choice of earning 60,000 Citibank reward points or 60,000 Qantas Frequent Flyer points (if you enrol in the Citibank Qantas Rewards Program for an additional annual fee of $49 at the time of application)
Hi Keith,
Still reading your Citibank card guide 🙂 so thanks!
Just to let you know, I just received an email from Qantas, sign up to Commonwealth Bank Awards Card and get 40,000 QF points, and 50% off the annual fee for the first year.
First Citibank, then ANZ, then Bankwest and now CBA, seems like QF is selling their points like hot cakes!
Thanks for the tip on the CBA card, I’ll look it into it more detail. It is the season for sign up bonuses it seems… beginning of new financial year I can only assume means the bank’s marketing $$ have been topped up.
The effective earn rate for a FF program isn’t very good for this latest citibank card offer. Most purchases will be 0.5 points earned, unless you make heaps of overseas transactions (be careful of high transaction fees and poor exchange rates that some cards have, if you do). A good bonus offer, but not so good for ongoing earning of points.
I personally have this card and agree the in-person rate isn’t the best, but the double rate for online purchases is great. Most of my spending these days is online, and I could even earn more points by buying gift cards for the supermarket etc. if I really wanted to maximise my points earn on this card.
Hi Point Hacks,
I have received bonus rewards points in the past year and am still holding a Citi Prestige car. Am I eligible for the 200,000 bonus Citi Rewards points or 100,000 Qantas points on offer for a new Citi Premier card right now?
From the T&C #1, it doesn’t mention that clients who held a Citi Rewards card in the past 12 months or currently holds a Citi Rewards card will be excluded for the offers. But it’s very rare…
https://www1.citibank.com.au/credit-cards/citi-premier
https://www1.citibank.com.au/credit-cards/citi-premier-qantas
Hi Jenny, Citi is indeed a rare example where there isn’t always an exclusion period for re-applying with card offers. However, do keep in mind that Citi may decline an application for someone re-applying for a card soon after closing it (or a similar one).
Hi There,
Sorry trying to make sense of this as i’m coming up to 12 months since I last had a citibank card. Given they are owned by NAB is it safe to say i need to wait 18 months in order to get the bonus again? Or Citibank don’t have a set policy as you say?
Hello, any chance this article could be updated with latest offer info?
https://www1.citibank.com.au/credit-cards/citi-premier-qantas
Would love to know how this offer compares to others. Thanks.
Hello Point Hacks,
Would someone be able to shed some light onto when I will be able to transfer Citibank rewards to velocity points again. The cost to benefit ratio of this card is at an all time low with most of its benefits at the moment unusable. Citibank wont even acknowledge a forward reduced annual fee.
Hi Adam
This decision will differ from bank to bank. I suspect that many banks are waiting for the sale of Virgin Australia to be finalised after the second creditor’s meeting on 26 August, but I have no specific communication from Citibank on this.
have read through this and just want to check:
annual fee is reduced to $195 p.a but you need to pay again after 12 months double that amount in order to keep earning points?
Is there anything that would stop you cancelling after 12 months?
if you did cancel early would that mean you would have only earned half of the 155,000 velocity points available (ie approx 78,000)
Priority pass membership entitling me to access to any of their lounges or is just two visits?
Thanks guys
Does the diners club card include the diners club lounge network? The comments in this thread seem to suggest they do. I was of the understanding it didn’t and I couldn’t find anything on the Citi bank site. It would be a game changer if it did.
Hi Jas
No, the linked Diners Club Card does not include the Diners Club lounge network.
Google Pay does not support Citi’s cards. Samsung Pay does.
Hi V
Thanks for letting us know. This has now been updated.
what do you think about the Diners club card?No international transaction fee seems a good catch…But does it really work everywhere ?
We’ll have a guide coming out on this soon!
What’s the minimum time frame since your last citi credit card, that makes you eligible for bonus points?
thanks heaps for the reply Matt. with diners club access to lounges and a less than $200 total annual fee this card deal looks the goods.
I’m wondering if there’s an additional card holder available. My wife and i and three sons are going around the world on the qantas 140,000 points deal. Would be great to both get into lounges on a diners club card each???
Also think the kids will have to find other things to do, most lounges only let kids under 3 in for free 🙁
I do not see any information about an additional/supplementary cardholder. You may consider a card with Priority Pass access as an alternative.
Currently, the secondary (additional) cardholder fee is $0. And that card can also signup for 2 lounge visits 🙂
have they fixed the diners club issue?
Does the attached diners club offer lounge pass access?
As far as I know, linked Diners Club cards are able to be applied for at this time. And, yes, they provide lounge access—here is a list of eligible lounges.
@Keith Looks like Citibank has recently updated their transfer rate to Velocity. What used to be 2:1 is devalued to 2.5:1. That’s currently displayed on their website. I’ve also called them to double check as I was interested in applying for their card. They confirmed the 2.5:1 rate. That’s unfortunate.
Hi Eugene
I can confirm that if you hold a Citi Signature card, the transfer rate is still 2 Citibank Rewards points for 1 Velocity point. This is reflected in your online Rewards account when you go to transfer your points.
The transfer rate of 2.5 Citibank Rewards points for 1 Velocity point applies to the Citi Platinum card.
Can you advise if previous Citibank card members are eligible for the bonus offer? If not, what is the moratorium period?
Hi Hendra
The T&Cs do not specifically exclude current Citibank credit card holders from being eligible for the bonus points, however, it is always best to check with Citibank prior to applying to be certain. Their terms regarding the bonus points are as follows:
To be eligible to receive up to 300,000 bonus Points you must apply for a Citi Rewards Signature Credit Card by 31 March 2019. You will receive 15,000 bonus Points when you spend a minimum of $1,000 during each monthly statement cycle. A maximum of 300,000 bonus Points can be earned over the first 20 monthly statement cycles. If you do not meet the minimum spend for one monthly statement cycle, you forfeit the bonus Points for that monthly statement cycle, however you are still eligible for subsequent months 15,000 bonus Points if you meet the minimum spend within each monthly statement cycle during the promotional period. Cash Advances, Balance Transfers, Refunds, Chargebacks and Special Promotions do not contribute to the spend threshold. The bonus Points will be credited within 6 – 8 weeks of meeting the spend criteria for any given month. All rewards are subject to the Terms and Conditions of the Citibank Rewards Program. Points do not expire while the card remains open and in good standing. Please note that if you have a balance transfer, you will be charged interest on any spend that you make. This offer is valid until 31 March 2019. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.
Would there be an additional credit enquiry on your credit report with the diners club card application?
Hi Flying High
I have confirmed with Citibank that applying for a linked Diner’s Club card will not create an additional credit enquiry, however as at 11 September, I was advised that they have temporarily suspended issuing these cards due to their systems requiring upgrading. Citibank could not give a specific date when this will be up and running again.
If you like being jerked around for months talking to indian call centres have numerous staff lie to ,not able to speak to any local person, then dealing with citi is the place for you, my saga started in dec last yr ,it took months to actually get them to accept me with a great credit rating,the worst banking experience of my life would not have bothered for the points 120000 citi points sounds great but it translates to 50 000QF ff points ,do yourself a favour don’t have ANYTHING TO DO WITH THEM if youre after points go to ANY other bank ,I have sent in an official complaint to the banking ombudsman about this dodgy bank
I agree with Rich – EXACTLY the same experience!!
Hi Keith,
Good article, but it looks like Citi may have devalued airlines transfer rates again; at Citi Rewards they show Velocity at 2.5:1 and Kris at 3:1 or am I missing something as at this transfer are the 120k bonus doesn’t really seem that great anymore.
Thanks.
I agree – the Citirewards site still shows that – should Keith not amend the heading as it could be construed as misleading?
There hasn’t been a devaluation.
The way the Citibank Rewards site is designed is that it shows the transfer rates that apply for the Citi Platinum card when you visit without logging in.
However, when you log into the Citi Rewards site as a Citi Signature card holder, the correct transfer rates apply. These are:
2.5 points = 1 Skywards mile
2.5 points – 1 KrisFlyer mile
2 points = 1 Velocity point
I hope that clears it up.
Hi Keith.
Thanks for a great article about citi rewards.
I just want to ask about the increased bonus of 120k. How much is it equal to Qantas points ? Also the same Q for citi infinite card ?
Cheers.
Hassan.
You need to choose between the 120k Citi Rewards points bonus or 50k Qantas Points (current offer). You can find the current offer for the Citi Prestige here.
I had applied for Citi Signature Qantas card a month or so ago, after continual phone calls and supplying all of my information as in tax returns, accountant details etc they have today knocked me back and said to reapply in 3 months as I am a risk to them. I’m staggered as I have an excellent credit history, have never been late on a payment for anything, earn good money, own my house and I am able to travel regularly to overseas destinations. I just don’t get it. Admittedly I only wanted the 50000 Qantas points on offer, so will go elsewhere I guess. I have never had an issue with any other credit card providers. I often churn cards after two or so years as a safety thing as well as sign on bonuses.
Let me get this straight, 150,000 points over 15 months at 10,000 Citi Rewards p/m and all you have to do is spend $1 a month min?!
There has to be a catch… correct me if I’m wrong?
That’s right. I flagged the biggest catch in the article – there are two annual fees that will be incurred over the 15 months.
Keith – I think this transfer option might have been here for some time, but I don’t think anyone has reported it. Citi Signature Rewards seem to let me transfer to Emirates Skyward Miles: “2.5 Rewards points for 1 Skywards Miles”. Not a great transfer rate, and not the best FFP, but another option nonetheless.
Hi Keith,
Is the minimum required income for this card $75k incl. super or plus super?
I expect it would be $75k base, but double check with Citi for your own circumstances.
Shame they are devaluing the program, but I suppose with a large number of the cards not bringing in any annual fee revenue, and the RBA cutting down on the merchant fees, it was inevitable this was going to happen.
I think the cut in the FOREX earn rate will hurt more the cut in domestic spend.
Still, it’s hard to find a Visa card that has a better earn rate than 0.75/$1, especially when factoring in the card is free.
From the sounds of it bpay will also no longer earn points, so that’s something to be careful of. Best to set up direct debit or go to the service providers page and use their payment system.
Hi Keith, did you notice the transfer rate to velocity and KrisFlyer decrease in March 2016 as well in the fine print? Dropping to 2:1 from the current 1.5:1
I called citi before I applied this card and been told that i can only choose either 60k points or $299 fee waive for life can only been ( YES, You can’t have both).
I end up just take the fee waived.
Or maybe I just got cheated by their representatives?
Is this for Qantas Points or for Citi Rewards points that you’re looking for? The annual fee waiver on the Qantas Point offer is for first year only, if you were asking for waived for live then they may have been trying to get you in at that level, but with no points.
Hi Keith, the $49 Qantas opt-in fee is annoying on this offer. Do you know if you have to call and request the opt-in like you do wit CBA? And is there any charge for additional cardholders?
TIA
I believe it’s applied as part of the signup process – you need to submit your QFF # I think to get this offer for the 60k points so given that, you’d then get charged the fee.
AFAIK there’s no fee for additional cardholders on this account.
Note that you do NOT earn any points when you pay your ATO bills with the Citibank card. I was about to sign up for them and found this important thing out prior. I went for the St George / Bank of Melbourne Altitude card instead for my non-Amex spend.
Yep, not too many cards now pay out for ATO in full, and even fewer uncapped. I will be doing a post on this soon.
Hi Keith,
I am looking for a non Amex card (for when Amex isn’t accepted) that I can transfer points to Krisflyer account, from what I can tell the Citibank cards are the only ones you can do that with is this correct?
Hey Joel – KrisFlyer transfers are also possible with Altitude Rewards, ANZ Rewards and Diners Rewards (fwiw) too.
Hi,
How long will it take to get the signup bonus?
There’s no specified timing on the offer page, but from experience Citi Rewards points credit to the account instantly as soon as they are earned, so I would hope that would be at the end of the month that you meet the min spend criteria with the earn ‘x’ points every month offer, or with Qantas points they will sweep over mid month, so points from previous month should credit then. But check with Citi on the phone if this is really important to you.
Hi Keith
I have the Virgin Money velocity flyer visa, which is issued by citibank, so would I be eligible for this introductory offer for the bonus points? As I noticed on the citibank website that it states that existing citibank credit card holders are not eligible to apply for this offer.
In my experience, you’re not eligible for a new product with Citibank if you previously were approved for any other Citibank credit product in the previous 6 months. However, not sure if they block you from applying altogether with Virgin Money / CB product crossovers so best to give them a call to check.
Can anyone with this card tell me how long after the first spend the points will take to be credited to an account? This card may come in handy towards the end of the year when Im about to purchase seats if I find Im a bit short but don’t want to leave it too close: if they came within 2-3 mths that would be ok .
I’ve had this card for 3 months and I was always suss about the rewards points system not being in effect. Earlier enquiries to customer service instructed me to be patient, but today I phoned up again and sure enough, I’m not registered. So it’s being investigated with an answer in 5 days or so. The guy (pretty sure he was offshore) was efficient and figured there was a problem straight away, so no point in grilling him. If I’m not rewarded with the sign up bonus and points that should have been accredited, I’ll be letting rip. I’ll give the onshore number (in a comment below) a call if need be.
Also had an issue with the additional card holder having the wrong home address so wasn’t issued. Didn’t resolve that after a few calls. Just couldn’t be bothered to keep trying. Will try again if/when the rewards issue is resolved. The infamous Citibank customer service at work again…
Hope Citibank come through for you…
Finally got my points up and running, but had to call a few times to get the 60K points, which only came through today.
I’m glad you got your points. Citibank stiffed my wife for her 60,000 points and as a consolation credited her with 2,000 Citibank reward points. Card is about to be cancelled. Would not recommend Citibank credit cards.
I’ve had similar issues with Citibank customer service early last year. I believe this was because they had all their customer service representatives offshore. Fortunately they had someone locally contact me and resolved my issue and offered me either 5k or 10k (I cant remember exactly) in points for the trouble. They also said in future if I had any issues to contact Onshore Services on 02 8225 0000 or 02 8288 2291. They are open from 8am to 8pm EST. Hope this helps people with issues with Citibank customer service.
Hi all –
I’d stay away from this card. I signed up online, and there was no option to credit the points to Qantas instead of Citibank rewards. I was a little suspect, so I rang them as my application was in process, and I was clearly told the 60k points would be credited to my qantas account (agreed to the extra fee and reiterated my qantas details). Two months later, over 8k spent on the card, repeat communication, and I receive an online message on the Citibank website saying I’m not eligible for the 60k qantas points, as they were credited to the Citibank rewards program. I’m still arguing with Citibank to get the points credited to my qantas FF, but it’s been a major hassle, and their representative has made no guarantee that they will credit the points to qantas.
Keith – This Citibank deal is not as advertised. As you said in another reply above, the deal clearly states that the points can be credited to Citibank rewards or qantas. I wouldn’t be recommending Citibank products if they’re not holding up their end of the deal.
Sorry I missed this comment. Hope you get a resolution out of Citibank, it should be pretty clear cut but their customer service does leave a fair bit to be desired.
Just to let everyone know the 60K bonus points is only for their Citibank rewards and not transferable to Qantas points. I was about to sign up until they online chat lady told me this was the case.
Hey Karl – you should argue this. The current offer page states:
You have the choice of earning 60,000 Citibank reward points or 60,000 Qantas Frequent Flyer points (if you enrol in the Citibank Qantas Rewards Program for an additional annual fee of $49 at the time of application)
Murray Waters
I would love to know more about the CBA offer too if you have any further info or can post he link on here
Shane White
Hi Keith,
Still reading your Citibank card guide 🙂 so thanks!
Just to let you know, I just received an email from Qantas, sign up to Commonwealth Bank Awards Card and get 40,000 QF points, and 50% off the annual fee for the first year.
First Citibank, then ANZ, then Bankwest and now CBA, seems like QF is selling their points like hot cakes!
Thanks for the tip on the CBA card, I’ll look it into it more detail. It is the season for sign up bonuses it seems… beginning of new financial year I can only assume means the bank’s marketing $$ have been topped up.