Electronic Wallet Service
|2 points for $1 spent||Visa||uncapped||selected purchases from major restaurants, hotels and airlines|
|1.5 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 Available for up to 14 days when you use your card to pay for return domestic travel
- Free International Travel Insurance Available when you use your Card to pay for return international travel
- Free Supplementary Cards
- Purchase Protection Covers the product against theft, loss or damageof products purchased. The customer cannot claim more than $10000 in respect to a single item or more than $200000 in a single 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
- Rental Car Excess Insurance
- Special Events Each event will be subject to separate terms and conditions
- Partner Discounts
- Airport Lounge Priority Pass standard membership with up to two entries per year into Priority Pass lounges
Similar credit cards
The Citi Signature Rewards card lets you earn up to 300,000 bonus points – 15,000 points per month for 20 months from approval when you spend $1,000 or more in each statement period.
This card is associated with the Citi Rewards program, through which cardholders can earn points for eligible purchases. Points can be used on rewards like travel, gift cards, cashback, merchandise and more. Points can also be transferred to frequent flyer programs, including Virgin Australia Velocity and Singapore Airlines KrisFlyer.
There is a range of complimentary insurances included with this card, such as international travel insurance, interstate flight inconvenience insurance, purchase insurance and extended warranty insurance.
Additionally, cardholders receive a complimentary Priority Pass membership with two airport lounge visits per year and a free bottle of wine when dining at participating restaurants.
You can also apply for a Linked Diners Club Card and earn 10,000 bonus points when you make your first spend on this card. You’ll also earn an uncapped 2 points per dollar on eligible spending using this card.
The Citi Signature Rewards card features a high interest rate and a moderate number of interest-free days. It also has a moderately high minimum credit limit. Its moderately high annual fee reverts to a high annual fee after the first year, though you can enjoy a 50% discount on the annual fee when you spend more than $48,000 in the preceding year.
Offer ends 31 March 2019
- Citi Rewards program
- Complimentary insurances
- Four free additional cardholders
- High interest rate
- Moderately high annual fee
- High international spending fee
Who is it good for?
This card may be a good choice for people who spend frequently on their credit card and want the flexibility of a rewards program that offers both frequent flyer mileage and other rewards such as gift cards and merchandise.
The introductory 0 per cent balance transfer rate for 12 months with no balance transfer fee on the Citi Signature Rewards card might also make this credit card appropriate for people looking to switch credit cards or transfer debt and pay it off interest-free.
Because this card comes with a high interest rate and a moderately high annual fee, it’s probably not the best option for those on a tight budget or people who aren’t always able to clear their balance every month.
The high international spending fees also mean it’s not the most cost-effective method of spending while travelling abroad.
What RateCity says
The Citi Signature Rewards card offers rewards-earning potential that is likely to appeal to a wide customer base. The 0% balance transfer deal for 12 months with no balance transfer fee is also an added incentive if you’re thinking about making the switch.
While this card does have a high interest rate and a moderately high annual fee – which is typical of a rewards card – it also comes with additional benefits like limited airport lounge passes and a personal concierge service. The complimentary insurance coverage is also quite comprehensive in comparison to similar cards on the market.
However, the risk of accruing debt is increased with all high-rate cards – so it’s worth considering if you would be able to pay off your balance at the end of each bill cycle. If not, you might be better off doing some further research to see if you can find a card that offers better value for money.
To be eligible for the Citi Signature Rewards card, you need to be at least 18 years old, an Australian permanent resident and earn more than $75,000 a year. To apply, you will need to provide proof of identification and information about your work and finances (such as payslips and bank statements). Applications can be filled in online or at a Citi branch, and typically take around 15 minutes to complete.
Citibank Australia (Citi) is part of Citigroup, a major financial services organisation based in New York with offices in over 100 countries. Citibank provides personal finance products such as credit cards, home loans, personal loans, savings accounts and bank accounts, as well as business, corporate and government finance products. Citi customers manage their banking in-branch, online, via phone or through the Citi Mobile app. Round-the-clock customer service is available via phone and online.
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. 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.
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 Additional Rewards Terms - Linked Diners Club Card with Citi Prestige Credit Card and Citibank Rewards Credit Card - Signature. 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 transact using your Citi Credit Card, an International Transaction Fee will be charged (where applicable).
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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.