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Prestige (Citi Rewards Program)

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
3 points for $1 spentVisauncappedeligible international transactions
3 points for $1 spentVisauncappedselected purchases from major restaurants, hotels and airlines
2 points for $1 spentVisauncappedselected purchases at major petrol outlets, supermarkets and national retailers
1 point for $1 spentVisauncappedall other eligible transactions
  • Free Domestic Travel Insurance Cover lasts for 14 days for domestic travel
  • Free International Travel Insurance Available when you use your Card to pay for return international travel
  • Free Supplementary Cards
  • Purchase Protection Covers up to $10,000 per item and $200,000 per year
  • Price Guarantee If you purchase personal goods in Australia and then find the same product advertised later at a cheaper price within 60 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is less than $500.
  • Extended Warranty
  • Concierge
  • Special Events Each event will be subject to separate terms and conditions
  • Partner Discounts
  • Airport Lounge Priority Pass membership with unlimited Priority Pass lounge access

Features

The Citi Prestige Visa offers 150,000 bonus Points when you spend $5000 in the first 90 days from approval, as well as a 0 per cent balance transfer rate for up to six months and a maximum credit limit of $100,000.

You can also earn up to 3 Points per dollar on eligible spending with airlines, hotel chains and restaurants in Australia, which can be redeemed for travel, gift cards, cash back, merchandise and discounts.

To earn an extra 10,000 points, you can request a linked Diners Club card and spend on it within 90 days of approval.

You can have up to four additional cardholders for $0 with the Citi Prestige Visa card, although each person needs to be at least 16 years old.

The credit card has Visa payWave for payments under $100, as well as Apple Pay and Samsung Pay for all purchases.

A range of other benefits are available to Citi Prestige Visa cardholders, including access to a personal concierge and exclusive tickets, and complimentary green fees at participating golf courses.

Pros
  • Complimentary airport transfers
  • Unlimited lounge access
  • Uncapped earn rates
Cons
  • High annual fee
  • High interest rate
  • High overseas spending fee

 

Who is it good for?

Then Citi Prestige Visa may be best suited to high income earners. To be eligible for the card you must earn more than $150,000 a year. 

If you’re wanting a credit card with a high credit limit, there is provision for a limit of up to $100,000.

If you’re a frequent flyer, this credit card has many travel features that may appeal, and a rewards system that is compatible with a range of airline and hotel partners.

The credit card also gives each cardholder complimentary airport transfers, capped at two redemptions per calendar year, per card.

Unlimited complimentary lounge visits are for the primary cardholder only, who is allowed one guest per visit.

What RateCity says

The Citi Prestige Visa is a premium product with a premium price tag. For income earners with an annual salary above $150,000, it offers a wide range of benefits.

In addition to the rewards program, which gives cardholders uncapped earning potential, travel and entertainment perks make up the bulk of the card’s features.

The complimentary travel insurances offered by the card are similar to other credit card products in this category.

However, a standout fringe benefit for Citi Prestige Visa customers is three complimentary green fees at participating golf clubs each year.

If you choose this credit card, you can access tickets to Australian events before they're released to the general public via Visa Front Line Access.

The Citi Prestige Visa card qualifies you for membership in the Citibank Dining Program, where you receive a free bottle of wine when you dine at selected partner restaurants.

Applying/eligibility

To be eligible for the Citi Prestige Visa you must be 18 years or older and an Australian resident. You must earn more than $150,000 a year and have a good credit rating. To apply you need to provide details of your employment, including evidence of gross income and monthly expenses. You also need to supply your driver's licence and a current Australian passport (if you have an overseas passport you must provide a copy of your visa).

About Citibank

Citibank, founded in 1812 as the City Bank of New York, is the consumer division of financial services multinational Citigroup. Citibank commenced consumer operations in Australia in 1985 and was the first foreign bank to be granted a banking licence. Citibank is the largest international bank operating in Australia, and offers financial services including deposit accounts, foreign currency deposits and investments as well as credit cards, mortgages, insurance and charge cards.

To earn 150,000 bonus Citi rewards Points, you must apply for a Citi Rewards Prestige Credit Card by 31 January 2020, then spend $5,000 on your Citi Rewards Prestige Credit Card within 90 days of approval. Cash Advances, Balance Transfers, Refunds, Chargebacks, Special Promotions and spend on a Linked Diners Club Card do not contribute to the spend threshold. The bonus Citi rewards Points will be credited within 6 - 8 weeks of meeting the spend criteria. 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 January 2020 . Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.

Separate Diners Club Terms and Conditions apply to a Linked Diners Club Card as it is a separate credit facility from Diners Club that is paid through your Citi Credit Card. Eligibility criteria apply including that you must be approved for an account that is eligible for a Linked Diners Club Card. Diners Club has appointed Citi to administer the Linked Diners Club Card. Any credit balance on the Linked Diners Club Card is not a deposit liability of Citi, or any other affiliate of Citi, is not a protected account and is not guaranteed.

All rewards on your Linked Diners Club Card are subject to the Terms and Conditions of the Citibank Rewards Program and the Linked Diners Club Card Extra Terms Part 3. Eligible Transaction is defined in the Rewards Program Terms and Conditions and means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, government related transactions and all other transactions set out within the definition. Please click here for the full definition of Eligible Transactions. Points do not expire while the card remains open and in good standing.

No International Transaction Fee is only applicable for transactions made on your Linked Diners Club Card; including on the amounts transferred to your Citi Credit Card. If you make an international transaction using your Citi Credit Card, an International Transaction Fee will be charged (where applicable).

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