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- Rewards (Velocity Points)
Citi Rewards (Velocity Points)
- Bonus Points
- Apple & Samsung Pay
- Balance transfer
You’ll get 80,000 bonus Velocity Points when you spend $5,000 on eligible purchases within 3 months from approval.
80,000 bonus Velocity Points when you spend $5,000 on eligible purchases within 3 months from approval. Pay your monthly mobile phone bill with your Citi Rewards Credit Card and you'll receive Accidental Damage and Theft insurance cover* Complimentary VIP membership for one year with Wrapd.
Purchase rate p.a.
21.49%
Balance transfer rate
0%
Annual fee
$99
for 12 months then $199 thereafter
Citi Rewards (Velocity Points)
- Bonus Points
- Apple & Samsung Pay
- Balance transfer
Purchase rate p.a.
21.49%
Balance transfer rate
0%
Annual fee
$99
for 12 months then $199 thereafter
Pros and Cons
For Citi Rewards (Velocity Points)
Benefits
- Rewards Available through Velocity Frequent Flyer
- Extra 80,000 points subject to eligibility conditions
- $99 annual fee in the first 12 months and $199 p.a thereafter.
- International travel insurance
- Price guarantee
- Extended warranty
- Concierge
- Special events
- Partner discounts
- Purchase protection insurance
Drawbacks
- Higher than average ongoing variable purchase rate
- Higher than average ongoing annual fee
- Does not offer free supplementary cards
Citi Rate Credit Card overview
For Rewards (Velocity Points)
Details
Card level
Platinum
Card type
Visa
Interest free days
55
Minimum monthly repayment
2% or $30
Minimum credit limit
$2,000
Maximum credit limit
$100,000
Free supplementary cards
Instant approval
Target Market Determination
Visit Citi to view Target Market Determination.
Fees
Annual fee
$99
for 12 months then $199 thereafter
Annual Fee Spend Waiver
Supplementary card annual fee
$90
Late payment fee
$30
Over limit fee
Duplicate statement fee
$0
Electronic Wallet Service
Apple pay available
Google pay available
Samsung pay available
Important Rates
Rates
Purchase rate p.a.
21.49%
Cash advance rate
22.24%
Cash advance fee
3.5% or $3.5
Balance Transfer
Balance transfer rate
0%
Transfer limit
80%
of the approved credit limit
Balance transfer fee
Overseas spending
Foreign exchange fee
Overseas charges
$5
Estimated ATM cost
$15.2
for AU $300 withdrawal
Rewards
Program name
Velocity Frequent Flyer
Rewards available
Gift Card, Domestic Flights, International Flights
Eligibility
Minimum age
18
Minimum income
$35,000
Eligibility conditions
Residency
Perks
Available when you use your Card to pay for return international travel
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.
Each event will be subject to separate terms and conditions
Covers up to $10,000 per item and $200,000 per year
Other Restrictions
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.
