Point Hacks Credit Card Guide

Citi Prestige Visa offering 150,000 bonus Citi Rewards Points – with hotel, lounge and other travel perks

Citi Prestige Visa - 150,000 Citi Rewards points (75,000 Velocity points / 60,000 Krisflyer miles if transferred)

150,000 Citi Rewards Points are on offer with the Citi Prestige Visa when signing up and linking to Citi Rewards. Comes with a vast range of perks including unlimited lounge access, free hotel night, and airport limo transfers.

  • 150,000 bonus Citi Rewards points
  • Ability to transfer points to Velocity, Krisflyer, Asia Miles or other international frequent flyer programs
  • Priority Pass lounge access, Visa Luxury Hotels service, and other premium benefits
  • 3 Citi Rewards points earned per $1 on select purchases and bookings from a range of major restaurants, major hotel chains and flights directly booked with major airlines and international spend
  • 2 Citi Rewards points earned per $ for selected purchases made at major petrol outlets, major supermarkets and major national retailers
  • 1 Citi Rewards point earned per $ spent everywhere else on eligible spend
  • Complimentary bottle of wine when you dine with partner restaurants
  • Annual fee: $700 p.a.
  • Spend a minimum of $3,000 in the first 90 days from card approval to receive bonus
  • $150,000 p.a. minimum income requirement
  • Offer expires: 31 January 2018

Find out more or apply →

Point Hacks earn a maximum of $280 per applicant for this card. More about this →

The Citi Prestige Visa is a card for the aggressive points collector – the card has a minimum income requirement of at least $150k, and has an annual fee of $700 – but with a large number of frequent flyer program transfer partners, and a vast range of travel perks.

The bonus for new cardholders has been increased to 150,000 Citi Rewards points until January 31st 2018, with the bonus points available after spending $3,000 within 90 days of being approved for the card. This bonus is only available for new cardholders who sign up for the Citi Rewards-linked card, although cardholders could also choose to earn Qantas Points.

The most valuable benefits on offer with Citi Prestige are a free hotel night (from a select list of hotels), a 4th night free hotel booking discount, and airport limo transfers.

Digging into the details of the Citi Prestige Visa

Card Details

CardCiti Prestige Visa 'Infinite'
Loyalty programCiti Rewards or Qantas Frequent Flyer via Citi Qantas Rewards
Earn rates1.5 Qantas point or 3 Rewards Points per $1 for selected purchases made and booked directly from a range of major restaurants and restaurant chains, major hotel chains and flights directly booked with major airlines and international spend

1 Qantas point or 2 Rewards points per $1 for selected purchases made at major petrol outlets, major supermarkets and major national retailers

0.5 Qantas point or 1 Reward Point per $1 spent everywhere else on Eligible Transactions
Points capNone
Earns points at ATONo
Travel benefitsVisa Luxury Hotels, Hilton HHonors Gold status
Ritz-Carlton & Starwood preferred booking benefits
Two limousine transfers per year
Priority Pass membership
Included insurancesTravel, purchase protection and warranty insurances (PDS)
Minimum income requirement$150,000 p.a.
Overseas transaction fee3.40% of the converted amount
Annual fee$700 + $49 for optional Qantas Point opt-in

If the card is linked to Citi Rewards, the effective points earn rate on spend when transferring out to the key partner programs are as follows:

Effective Frequent Flyer Program Point Earn Rates

Frequent Flyer ProgramMajor restaurants,
hotels and major
airlines
Major petrol stations,
supermarkets and
national retailers
All other eligible spendInternational Spend
Qantas Points*1.5 points / $1 point / $0.5 point / $1.5 points / $
Velocity Points1.5 point / $1 point / $0.5 point / $1.5 points / $
Singapore Airlines KrisFlyer Miles1.2 miles / $0.8 miles / $0.4 mile / $1.2 miles / $
Cathay Pacific Asia Miles1.2 miles / $0.8 miles / $0.4 mile / $1.2 miles / $
* Qantas Points are only earned through the Citi Prestige Qantas Visa card

Guide to the Citi Prestige Visa Infinite credit card

Which points to earn – Qantas or Citi Rewards?

The Visa Prestige card, like Citi’s slightly less expensive Citi Signature Visa, allows cardholders to either opt in to earn Qantas Points (at an additional $49 annual fee) with points swept over to Qantas on a monthly basis, or with Citi Rewards. Our full guide to Citi Rewards is here.

In brief, the Citi Rewards scheme lets you transfer your points over to a range of frequent flyer program partners. Citi Rewards points are transferred out at different rates to most frequent flyer programs as detailed below:

The key partners and transfer rates:

  • Virgin Australia Velocity (2 Citi Rewards to 1 Velocity point)
  • Singapore Airlines Krisflyer (2.5 Citi Rewards to 1 Krisflyer mile)
  • Cathay Pacific Asia Miles (2.5 Citi Rewards to 1 Asia Miles)

The secondary partners and transfer rates:

  • Emirates Skywards (2.5:1)
  • Delta Skymiles (2:1)
  • Malaysia Airlines Enrich (3:1)
  • Qatar Privilege Club (3:1)
  • THAI Royal Orchid (3:1)
  • Etihad Guest (3:1)
  • Air France/KLM Flying Blue (3:1)
  • Garuda Frequent Flyer (3:1)
  • EVA Air Infinity MileageLands (3:1)
  • Turkish Airlines Miles & Smiles (3:1)
  • Hilton HHonors (2:1)
  • IHG Rewards (2.5:1)
  • Club Carlson (2:1)

A note on Turkish Airlines Miles & Smiles

This program was added as a transfer partner in October 2017.

Whilst it does offer a sweet spot for roundtrips within Oceania (including, Australia, New Zealand, Guam and Hawaii) for 30k Economy/50k Business, they have to be direct flights with Star Alliance partner Air New Zealand (so no transfers through Auckland), which is notorious for releasing little award space.

Plus, the program will charge fuel surcharges and you must ticket the award physically at the airline’s sales office in Sydney’s CBD or email its Toronto office. And if you want to redeem an award for someone else using your miles, you have to provide quite a lot of paperwork.

Therefore, KrisFlyer is the more logical choice for Star Alliance redemptions for Australia-based travellers.

Alternatively, if you decide to earn Qantas Points, your points will be locked into Qantas Frequent Flyer and transferred over to Qantas each month.

Earning points from spend on the Citi Prestige Visa

The points earn on eligible spend for the Citi Prestige Visa is tiered, with spend on a range of major restaurants, restaurant chains, major hotel chains and flights booked directly with major airlines and international spend earning 3 Citi Rewards points per $1, or 1.5 Qantas point per $1. Then 2 Citi Rewards or 1 Qantas point per $1 at major petrol stations, supermarkets and retailers and 1 Citi Rewards or 0.5 Qantas point per $1 spend everywhere else.For earning Qantas Points for spend on a Visa, this is a good earn rate.

For Citi Rewards points earn, this is a high earn rate that can yield a good points haul if you’re going to pump a decent amount of spend through the card, with the most potential value equating up to 1.5 Velocity points or 1.2 Krisflyer miles per $1 spent, and with no annual or monthly cap.

On eligible International Spend, if you’re earning Citi Rewards points you’ll earn 3 points per $1, but will incur a 3.4% surcharge on non Australian $ transactions. This equates to 1.2 Krisflyer Miles or 1.5 Velocity Points per dollar spent on eligible international spend.

If your preferred currency is Qantas Points, you’ll earn 1.5 Qantas points per dollar spent on eligible international spend.

Big spenders using the Citi Prestige Visa with the Citi Rewards program however, could well justify keeping the card each year just for the points alone.

Have a read of some of the benefits of Citi Rewards (the full Citi Rewards guide is here), as well as the benefits specific to the Citi Prestige Visa below.

If you’re going for Velocity Points or Qantas points, the $700 ($749 for Qantas) annual fee may well pay for itself with the points earned. The transfer rate to Krisflyer Miles, Asia Miles or Skywards are not as valuable.

Citi Rewards points benefits and considerations

Citi Rewards points don’t expire for the lifetime of you holding the card, and there’s also no points cap. This is one of the major benefits of the card – with unlimited points earning at excellent rate for Velocity points and a relatively decent rate for Krisflyer, Asia Miles and Skywards (if you opt into Citi Rewards over Qantas).

The minimum transfer levels to airline programs are high, with a minimum of 20,000 Citi Rewards points to be transferred. This differs significantly to American Express Membership rewards, which is more flexible.

The Prestige Visa offers a great points earn rate for a Visa, on most eligible spend, to earn Velocity Points or Qantas Points.

Creatively, Citi are also offering 30,000 points per year for Citigold customers to keep cardholders with the card, dubbed as an ‘annual relationship bonus’. This is a nice benefit, but it’s only for cardholders with a Citigold relationship where you’ll need to have $100,000 in assets or debt with the bank.

Other travel benefits of the Citi Prestige Visa

The Citi Prestige Visa also offers a number of travel benefits, including Priority Pass lounge access and discounts through the 4th night free and Visa Luxury Hotels programs.

Fourth night free benefit at hotels globally

If you’re a Prestige cardholder you’ll also get a fourth night free at large number of hotels globally – essentially pay for 3 nights, get the 4th free of charge.

Access to Visa Luxury Hotels

High end Visa cards globally have access to the ‘Visa Luxury Hotels Collection’ booking channel. Thankfully the website is open to the general public when it comes to researching the value of this, so it’s easy to get a good idea of which hotels participate – there are around 900 in the program.

The standard benefits of booking through Visa Luxury Hotels are

  1. Guaranteed best available rate
  2. Automatic room upgrade on check in
  3. Free continental breakfast
  4. Free internet
  5. 3pm checkout
  6. VIP Guest status
  7. $25 US food or beverage voucher per stay

The clearest value benefits are the breakfast, free internet and $25 credit, which could add up to $75+ value on a one night stay if they were otherwise chargeable. The room upgrade and 3pm checkout are at the Hotel’s discretion, so may not yield much value.

For Citi customers, the booking portal is accessed via http://citibank.visaluxuryhotels.com. For example, in Sydney, Melbourne and Hong Kong, the following hotels participate:

In Sydney:

  • Shangri-La
  • The Langham
  • The Darling

In Melbourne:

  • Park Hyatt
  • Grand Hyatt
  • The Lyall Hotel & Spa

In Hong Kong:

  • The Mira and Mira Moon
  • The Peninsula
  • The Landmark
  • Conrad Hong Kong
  • The Upper House

Helpfully, these are all generally fairly unique hotels where it is generally hard to get achieve any kind of hotel program status, so the additional benefits are very handy.

There’s also a range of special offers with specific hotels available which is worth keeping an eye on – For example, at the Shangri-La Sydney, there’s a $100 dining credit offer for 2 night stays.

With access to the Luxury Hotels service it’s possible to get a pretty good return if you want to travel and stay at these kind of hotels a few times per year.

Hilton HHonors Gold status upgrade

One of the biggest benefits of Hilton Gold is a free breakfast plus slightly better rooms when available. You’ll need to stay twice with Hilton and register for the promotion with your Prestige Visa before you stay to get Gold sooner. Gold can be more readily available through status matches and other offers so this benefit may be limited.

You can read our guide to the HHonors program here.

Two limousine airport transfers free of charge per year

The limousine transfer and meet and greet airport benefit does offer some tangible value, and is available in Brisbane, Sydney, Melbourne and Perth, plus a range of cities outside Australia. There’s more on this here, and it’s available twice per calendar year and for fairly lengthy transfers so each one could be worth well in excess of $150 if used wisely.

Priority Pass Lounge Access

You’ll also receive Priority Pass membership with the card, with unlimited access worth $399 per year.(There’s also a 10% discount on paid Priority Pass memberships here for Point Hacks readers)

In reality, you’ll get better use out of this membership if you travel internationally, as there are only a couple of Priority Pass partner lounges in Australia.

Fine Dining Privileges

You’ll get three fine dining benefits with this card:

  • a free bottle of wine at participating Citi Dining restaurants in Australia
  • access to customised experiences and special events
  • priority bookings at the top 100 restaurants in the world

Then there’s also a few other Visa-specific benefits, such as ‘Visa Front Line’ (premium tickets to events) and ‘Visa Signature Bespoke Event Program’ access.

Free Golf – complimentary green fees at some select Golf Clubs throughout Australia & Asia

The Citi Prestige Visa also offers paid green fees at 20 participating golf clubs across Asia Pacific.

Finally, there’s also the usual range of travel, purchase protection and warranty insurances, and you should read the PDS to assess if these insurances meet your individual needs and have significant value to you.

This guide references some of the benefits of insurance policies provided with this card.

You should read the PDS and obtain independent professional advice before obtaining this product.

Summing up – Citi Prestige Visa

The Citi Prestige Visa is positioned as a high-end card with a vast array of benefits, and at a cost that’s $550 less per year than the most similar card out there, the American Express Platinum Charge.

One of the biggest reasons to hold and use this card is for the good points earn rates on eligible domestic and international spend, along with a large range of third party points transfer partners. However, you’ll need to assess if the category bonuses fits your spending habits and will work to your advantage in the long run.

The large signup bonus, ability to earn points quickly with Citi Rewards through spend with no points cap, the Visa Luxury Hotels, Limo transfer and Annual points bonus are all solid benefits too.

The extra partners now add a range of additional flexibility for those who can earn large points balances to get more uses from their points – a very good thing.

There’s a place in the market for a high-end Visa card, either to compliment American Express’ offering if you can justify holding two cards of this cost, or as a less expensive alternative.

The Citi Prestige Visa is not for everyone – there’s a minimum income requirements of $150,000, for example. But it could work for higher spenders, especially those who spend internationally or tip a lot of their spend into the bonus categories.

Citi Prestige Visa offering 150,000 bonus Citi Rewards Points – with hotel, lounge and other travel perks was last modified: October 20th, 2017 by Keith

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Comments Expand Comments

  1. John

    Just a small note for anyone thinking the benefits are valuable. Be aware a lot of them are time bound. For example, the 4th night free benefit is for 2017 only. That is you must book AND STAY within this calendar year. It’s a really silly benefit. If you look at the same product in other countries, they refund you the 4th night. Here they placed a silly time restriction on it. With 4 months to go until 2018 and me wanting to book 4 nights in January 2018, I presumably have to wait until 2018 to get this benefit….well done CitiBank…

  2. Jules

    So.. I’m pretty annoyed at the changes and can’t decide if I should save myself the 300 bucks and go down to the Signiture card.. I probably wouldn’t benefit from the unlimited priority pass and I’ve never used the chauffeur.. I reckon I’d be spending mostly on the 1 point level and when I signed up for the card (it was a Select in those days) there was no currency commission and I got 5 dollars a point.

    Not sure if I should look elsewhere or just downgrade to a Signiture. It looks like the extended warranty and travel insurance are basically the same.

    Ideas

  3. Robert Blake

    Does anyone know if you have a home loan with Citibank whether you get a free/reduced annual fee with the Prestige?

    Thanks
    Rob

  4. Peter Goh

    Is the reduced Ann Fee for sign up still valid? Also some comments re negotiation for reduced Ann Fee permanently? On Web site of Citi Rewards Transfer for Kris Flyers is 2.5 to ! not 2 to 1 ???
    Peter

  5. ofixler

    Any success applying for this deal with bonus if you have an existing Citi card? I have a Citi Signature no fee for life card.

  6. Hi

    Just wanted to check if the above info is current interms of citi rewards points transfer rate. Do the citi prestige card rewards points transfers calculate to 2 points or 2.5 points or 3 points ? –> when transferred to skywards/velocity/kris

    According to their website (citirewards.com – choose TRAVEL and then select POINTS TRANSFER) , info says 3, 2.5 and 2.5 for Skywards/Velocity/Kris respectively.

    According to info above, you have only mentioned velocity and kriss as the main examples and used 2 points as calculation. Could you please confirm?

    Thanks

    • 2 for KF/AM/Velocity is correct for the Prestige. The Citi Rewards website doesn’t seem to quote points transfer rates for the Prestige card. I have added screenshots of the Citi Rewards points transfer page into the guide above to help make this clear.

  7. Rachun

    150K net income requirement? Jesus, why so high. It has a $350 annual fee attached. I got the Amex charge card no problems on 80-100k income. Citibank are nuts.

  8. Reg57

    I have had some good value out of the card over the last year, in particular the free night which I used in Hong Kong. However regarding the chauffeur service, be aware that the car that is sent generally will accommodate one large case per traveller – any more and you have to pay extra. We had a C220 (hardly limo) on one journey – given that the card targets higher earners, one would expect that they probably fly business, thus baggage allowances would permit 232kg per passenger. In some cases UberX works out cheaper than the excess charged for the *free chauffeur service to include the 2 cases per passenger. Tried to book one from JFK to Manhattan and discovered the offer was valid for APAC countries only (note there are a number of definitions as to what are considered to be APAC countries).

    From memory there was a 30,000 point bonus upon annual renewal – haven’t seen this yet and will query with Citi. Any view on this?? Tried to negotiate a reduced renewal fee but no luck.

    All in all, good value IF you use the offered benefits – bear in mind the 4th night free offer must be for stays booked through VISA, not through Pointshound or other point-earning sites.

    • Thanks for the feedback Reg.
      Limo – I have used the Citi Limo service once so far; I got picked up in a Merc R-Class (7 seater) – so I guess there are a lot of varying experiences to be had here.
      4th night free – we’ll have a guide on this coming in the next week, but yes, it needs to be booked through the dedicated Citi Concierge.

  9. Retireland

    NB The half price annual fee offer that is supposed to close out later in September no longer has valid links within the Citi site.
    My experience with this card is that the customer service department does not recognise its more important clients – an enquiry can take 40 minutes to be answered. So I finally sucummed and got an Amex card – wow the customer service levels kill those of Citibank – I just wish I could find a decent non – Amex card for those typical non- Amex purchases.

    • You should still be able to find the half annual fee offer via the Qantas-linked offer shown above – let me know if this is not the case? It’s supposed to be valid until the end of September.

  10. Keith; Can you find in the Citi documentation that ATO payments are excluded? I do recall seeing this myself, but I can’t find it for love nor money? I’m starting to think they are included?

    • The Citi Rewards terms are here.

      Quoting them:

      Points are the points earned on Eligible Transactions.

      Eligible Transaction means any Retail Purchase which is made by the use of a Card or any other means permitted by Citibank, excluding (but not limited to) transactions by way of Cash Advances, Balance Transfers, Special Promotions, fees, purchases of foreign currency and travellers cheques, foreign exchange and ATM/ Bank charges, interest charges, nance charges, government charges, payments to the Australian Taxation Of ce, insurance charges, payments to Citibank loan accounts (mortgage etc), purchases in excess of limits on the Account, transactions made in operating a business and if the Account is more than $10,000 in credit only, all other transactions.

  11. Hayden

    Is that 100 percent the reduction in reward points earned from March next year? I spoke with Citibank and they had no idea about this.

  12. captain_sloth

    w.e.f 1 November 2015 – Citibank have devalued transfer rate to KF and VA. If not earning for QF time to ditch this one!

  13. Sean

    Has anyone received a product upgrade offer to move from Citibank Visa Signature to Citi Prestige and maintain the Visa Signature annual fee / no annual fee as is?

    • I haven’t heard of any specific success – I’d be interested in this too. What others have said is that a $350 annual fee seems to be readily negotiable out of Citi, sometimes even on application (after approval though) and not just renewal.

    • Anton

      I did receive an email about the upgrade. I assume since you asked about the zero fee did you apply for your signature card during the veda promo?

  14. Mark

    hi Keith

    do you know if the relationship bonus can be paid in Qantas points? also I presume there is no bonus points for overseas spend if you choose Qantas earning?

    • I think the bonus is (probably) paid in the same currency as you are earning in. However I don’t know for sure that it pays out for Qantas Points. It would be worth double checking with Citibank. They should, but you never know.

      And yes, no bonus points on overseas spend with Qantas earn. Citibank Rewards is definitely the way to go for earn on spend with this card.

Links to this article

  1. Cathay Pacific Asia Miles Beginners Guide - Point Hacks
  2. How to redeem points for Emirates Wolgan Valley resort in the Blue Mountains
  3. A guide to Citibank Rewards in Australia, Citibank’s credit card rewards program - Point Hacks

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