Prestige (Citi Rewards Program)
Bonus PointsReceive 150,000 bonus points when you spend $5,000 in the first 90 days from approval
Balance Transfer Rate
for 6 months then 22.24%
Max Free Days
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
for 6 months then 22.24%
of the approved credit limit
Balance Transfer Fee
Foreign Exchange Fee
3.4% on Visa
Estimated ATM Cost
for AU $300 withdrawal
Citi Rewards Program
Gift Card, Cash Back
|3 points for $1 spent||Visa||uncapped||eligible international transactions|
|3 points for $1 spent||Visa||uncapped||selected purchases from major: restaurants, hotels and airlines (flights only)|
|2 points for $1 spent||Visa||uncapped||selected purchases at major: petrol outlets, supermarkets and national retailers|
|1 point for $1 spent||Visa||uncapped||all 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 Insurance 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
- 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 for you and a guest
- Bonus Points Receive 150,000 bonus points when you spend $5,000 in the first 90 days from approval
Receive a complimentary bottle of wine every time you dine at a partner restaurant and pay with your Citi card.
Late Payment Fee of $30 each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.
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NAB Qantas Rewards Signature Card
for 12 months then $395
Bonus PointsReceive 120,000 Qantas Points when you spend $3,000 in 60 days and keep your card open for over 12 months. 0% p.a. balance transfer rate for 6 months.
The Citi Prestige Visa offers 150,000 bonus Points when you spend $5000 in the first 90 days from approval.
You can also earn up to 3 Points per dollar on eligible spending with major restaurants, hotel chains and airlines (flights only), which can be redeemed for travel, gift cards, cash back and merchandise.
You can have up to four additional cardholders for $0 with the Citi Prestige 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.
- One Complimentary Airport Transfer in selected cities in Australia up to $100
- Unlimited Priority Pass lounge access for you and a guest
- Uncapped earn rates
- Save with 0% p.a. for 6 months on balance transfers (reverts to cash advance rate). Please note, no interest-free days apply to retail purchases while you have a balance transfer.
- High annual fee
- High interest rate
- High overseas spending fee
Who is it good for?
The Citi Prestige card 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 one complimentary airport transfer in selected cities in Australia, capped at $100.
Unlimited complimentary lounge visits are for the primary cardholder only, who is allowed one guest per visit.
What RateCity says
The Citi Prestige card 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 International Travel Insurances offered by the card are similar to other credit card products in this category.
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 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.
To be eligible for the Citi Prestige card 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).
Citi, founded in 1812 as the City Bank of New York, is the consumer division of financial services multinational Citigroup. Citi commenced consumer operations in Australia in 1985 and was the first foreign bank to be granted a banking licence. Citi 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 March 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 March 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).
Credit cards offering rewards can be great if you know you’ll use the card enough to get significant rewards points, and use the rewards you earn.
They can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward.
Also, think about the types of benefits you’d like. There’s no point in getting a card with rewards for retailers you never visit, or travel you don’t have time to use.