Card Promotions Citi Rewards offer - 100,000 Velocity points, $99 fee in first year

Mattg

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The Citi Rewards credit card seems to have a few different offers at the moment for new customers.

With the Velocity offer, you can earn 100,000 bonus Velocity points by spending at least $3,000 within 90 days. Normal annual fee is $199, reduced to $99 in the first year. Offer expires 30 June 2021.

Offer T&Cs:
  1. To be eligible to receive 100,000 Velocity Points, you must apply for the Citi Rewards Card by 30 June 2021, then spend a minimum of $3,000 on eligible purchases using your new card within 90 days from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card. We will request your Velocity membership number from you via email within 8 weeks from meeting the spend criteria. The 100,000 Velocity Points will be credited to your Velocity account within 10 weeks from us receiving your Velocity membership number. Your Citi Rewards Card must remain open and in good standing for the Velocity Points to be awarded. If you do not provide us with your Velocity membership number within 14 weeks from us first requesting it, the Velocity Points will be forfeited. Membership of Velocity is your responsibility. Velocity membership and Points earn and redemption are subject to the Velocity Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com. Please note that if you have a balance transfer you will not be entitled to any interest free days on retail purchases. This means that all spend will be charged interest at the applicable annual percentage rate. This offer is valid until 30 June 2021. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.

 

CaptainCurtis

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Is there any exclusion if you have held a Citi card within the last 12 months? Can't see anything in the T&Cs.
 

kamchatsky

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Is there any exclusion if you have held a Citi card within the last 12 months? Can't see anything in the T&Cs.

well it doesn’t hurt to try if it is not in the T&Cs.

I’ve applied and was approved. It is actually a good deal if you don’t mind dealing with Citibank services. It would have been a great deal if there are no question marks on the future of Velocity points.
 

CaptainCurtis

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Did you happen to find out from them? I last cancelled a Qantas Citi card last October and would sign up for this if I can.

Only worth it with the points offer though.
I couldn't find anything in the T&Cs so I've taken the chance. Will report back if/when the points post.
 

GSP

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The VFF offer does look like a very good deal. A couple of other offers they have that aren't great, but aren't terrible.

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henrylam359

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I too would like to know if holding a Citi Premier Qantas card would allow me to take advantage of this deal. Would appreciate if anyone can report back. Thank you!
 

mrmerc500

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Just been approved for this, very easy application process & quick approval within 24 hours.. great time to get the linked diners card before travelling to NZ and build the Velocity points up again.
 

kamchatsky

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Just checked my Velocity account. Also received the 100k Velocity points. Surprising efficient from Citibank. I am keeping the card for the PayAll promo though.
 

mrmerc500

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Just checked my Velocity account. Also received the 100k Velocity points. Surprising efficient from Citibank. I am keeping the card for the PayAll promo though.
Interesting feature.. thanks for the heads up.. makes this card all that much sweeter!
 

NoName

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Well I have been paying myself every week using PayAll, and paid it straight back to the credit card to earn points. It is doing very well!

Do you pay into an account in your own name or some kind of business account? What sort of description of the Bill do you put on? This has me very interested to apply.
 

NoName

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Ended up going for this offer. Made the required spend quickly and a few days later for the link to provide my Velocity number. I realise the terms say it could take up to 10 weeks but does anyone have any recent experience on how long they usually take?
 

kamchatsky

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Ended up going for this offer. Made the required spend quickly and a few days later for the link to provide my Velocity number. I realise the terms say it could take up to 10 weeks but does anyone have any recent experience on how long they usually take?
Took 2 weeks for me to get the 100k points.
 

ChrisFlyer

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Applied for this last night, received immediate 'provisional' approval pending a payslip check, and received final acceptance this morning. Super easy, and a no-brainer for 100,000 points for just $99.

Having said that, I also opted for the linked Diners card and thought it'd probably just gather dust, but seems quite decent for overseas transactions given there's no forex fee on the DC and the earn rate is uncapped at 2 Citi points per $1 AUD.

On this card, 2 Citi points = 0.8 Velocity or 0.66 SQ or EK, which already makes it higher than ANZ Travel Adventures as I had been using for no-fee overseas transactions (and which gives a lower base of 0.75 VA or 0.5 SQ/CX per $1, and even then, only up to $2k per month).

Especially when there's a transfer bonus running, that makes the earn more like 0.92 VA per $1 (with 15% bonus) or 0.759 SQ per $1 (with SQ's ongoing 15% bonus when you convert at least 10,000 miles in one transfer).

Think the kicker will be the forex rates used on the Diners card - will have to experiment and compare with ANZ when the chance arises.
 
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Brissy1

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I have Citi Signature Cr Card. Anyone with similar current card taken up this offer?

BTW, offer extended (same offer I presume)...
Plan your great escape with a bonus 100,000 Velocity Frequent Flyer Points. To get them, simply spend $3,000 on eligible purchases in your first 90 days from card approval.1 Apply by 31 August 2021.
 

tess1988

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Did Citibank remove the points/bonus points on government spend wernt all Citibank cards like that before?

Because t&c says
“ Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card.”
 

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