Citi Rewards Credit Card
Earn 1 Citi reward Point per $1 spent and redeem your Citi reward Points for Velocity points or KrisFlyer miles.
This product is provided by National Australia Bank Limited, using certain trademarks temporarily under license from Citigroup Inc.
- Signup bonus
- 100,000 bonus Citi reward Points^ (equivalent to $400 when you Pay with Points), when you spend $5,000 or more on eligible purchases within 3 months from approval
- Points Earned
- 1 Citi reward Point per $1 on eligible domestic spend up to $10,000 per statement period; 1 Citi reward Point per $1 on eligible international spend uncapped
- Notable Benefits
- 10% off (up to $250 per booking) selected Luxury Escapes hotel offers. Offer valid until 1 March 2025. Get $10 cashback with BINGE every month until 31 October 2025 when you sign up for a Standard (normally $19 per month) or Premium (normally $22 per month) monthly subscription. Stream the TV shows and movies everyone is talking about.ˢ Explore the world with 5% discount on international flights with Trip.com⁼
- Annual fee
- $99 for the first year, $199 p.a. ongoing
Australian Frequent Flyer is currently not accepting applications for this card offer.
Get notified when it’s live.
Why we like the Citi Rewards Credit Card
If you’re looking for a flexible rewards credit card in Australia, then look no further than the Citi Rewards Credit Card!
For every $1 of eligible domestic spend, you’ll earn 1 Citi reward Point, capped at $10,000 per statement period.
You’ll also pocket 1 Citi reward Point per $1 on international spend, with no cap!
With this card, you’ll have the flexibility to transfer your Citi reward Points to Virgin Australia’s Velocity Frequent Flyer program, or Singapore Airlines’ KrisFlyer program. Or, Citi’s Pay with Points feature allows you to use your points to offset purchases made on your Citi Rewards Credit Card.
Key Information & How to Apply
Key facts about this card
- Card type
- Mastercard
- Signup bonus
- 100,000 bonus Citi reward Points^ (equivalent to $400 when you Pay with Points), when you spend $5,000 or more on eligible purchases within 3 months from approval
- Annual fee
- $99 for the first year, $199 p.a. ongoing
- Minimum credit limit
- $2000
- International transaction fee
- 3.4%
To apply for this card, you will need
- Permanent Australian resident, aged 18 years or older
- Receive a regular income
- Have a good credit rating
- Mobile phone and email
- 2 forms of identification: Australian Driver Licence OR Passport OR Medicare Card
- Proof of income i.e. payslips
- 10-15 minutes to complete your application
Australian Frequent Flyer is currently not accepting applications for this card offer.
Get notified when it’s live.
Sign-up bonus
For a limited time, earn 100,000 bonus Citi reward Points^ when you apply for the Citi Rewards Credit Card!
That’s equivalent to $400 when you Pay with Points. Or, redeem your Citi reward Points for Velocity points or KrisFlyer miles and be on your way to your next holiday sooner!
To receive the bonus points, you’ll need to spend $5,000 or more on eligible purchases in the first three months from approval.
This offer is not available to customers who close or transfer from another Citi-branded Credit Card account.
Want to boost your frequent flyer points balance? Citi reward Points convert to Velocity points at a 2.5:1 rate, or to KrisFlyer miles at a 3:1 rate. With the sign up bonus, you’ll effectively receive 40,000 Velocity points, or around 33,000 KrisFlyer miles.
As an example, you could fly one-way from Melbourne to Queenstown in Virgin Australia Business Class for 35,500 Velocity points + taxes and carrier charges. Or, fly from Adelaide to Singapore in Singapore Airlines Economy for 27,000 Velocity points + taxes and carrier charges.
And if you choose to convert your Citi reward Points to KrisFlyer miles, you’ll need just 30,500 KrisFlyer miles + taxes and carrier charges to fly one-way from Adelaide, Melbourne, Sydney or Brisbane to Singapore in Economy with Singapore Airlines.
Citi Rewards Credit Card benefits and features
Cardholders have access to a range of features and benefits with the Citi Rewards Credit Card. Here’s what to expect…
Flexible Citi Rewards program
The Citi Rewards Credit Card is linked to the Citi Rewards program. Points earned with the Citi Rewards Credit Card will be credited to the Citi Rewards program.
We cover more on earning and redeeming Citi reward Points below.
Access to Complimentary Insurances
You may be eligible for the following insurances with the Citi Rewards Credit Card:
- Complimentary International and Domestic Travel Insurance* – up to 3 months for International Travel and up to 14 days for Domestic Travel when meeting eligibility criteria. Before you consider using this insurance, we recommend reading the Policy Information Booklet to determine if the insurance cover meets your individual needs.
- Complimentary Mobile Phone Insurance~ – pay your monthly mobile plan bill with your Citi Rewards Credit Card and you’ll receive accidental damage and theft cover. Before you consider using this insurance, we recommend reading the Policy Information Booklet to determine if the insurance cover meets your individual needs.
Before you consider using these insurances, we recommend reading the PDS to determine if the insurance cover meets your individual needs.
Discounts and other benefits
Aside from points, you can access the following benefits:
- 10% off (up to $250 per booking) on selected hotel offers with Luxury Escapes. Offer valid if booked by 1 March 2025.
- Monthly cashback offers from stores you already shop with – no opt-in, no registration, no fuss.
- Complimentary VIP membership for one year with Wrapd, your go-to shopping platform. Available until 30 September 2024.
Learn more about these benefits here.
Earning points
With the Citi Rewards Credit Card, you’ll earn Citi reward Points at a rate of 1 point per $1 spent on eligible domestic transactions. The full points-earning rate is capped at $10,000 per statement period.
You’ll also earn 1 Citi reward Point per $1 spent on overseas transactions. There is no cap on international spend, but note that these transactions incur a foreign transaction fee of 3.4% of the converted amount.
Citi reward Points do not expire, provided your card account remains open and in good standing (for example – your account is not in default, suspended or closed).
Earning points for ATO & government payments
The Citi PayAll feature allows you to earn Citi reward Points on larger everyday expenses such as rent, taxes, education fees, property management fees, childcare and miscellaneous bills. Earn 1 point per $1 for Citi cards enrolled in the Citi Rewards Program or 0.5 Points per $1 for Citi cards enrolled Qantas Rewards Program. The Citi PayAll fee is currently 0.95% as outlined in the Financial Table and is set at the point of scheduling your Citi PayAll payment.
Alternatively, you could use a payment service like Pay.com.au when making Australian Taxation Office (ATO) or other government payments, and earn points from your card.
Using points
Transfer to partners
Like many credit card rewards programs, the benefit of Citi Rewards is the ability to convert your points to various partners. You can convert your Citi reward Points to KrisFlyer miles, Velocity Points or Flybuys points. So, the choice is yours.
The transfer rates from Citi reward Points are below:
- Singapore Airlines KrisFlyer – 3 Citi reward Points = 1 KrisFlyer mile (3:1)
- Velocity Frequent Flyer – 2.5 Citi reward Points = 1 Velocity point (2.5:1)
- Flybuys – 1.33 Citi reward Points = 1 Flybuys point (1.33:1)
As an example, here’s how you could redeem these points…
- KrisFlyer miles – redemptions with Singapore Airlines or Star Alliance carriers including Air Canada, Lufthansa, Thai Airways, Turkish Airlines, United Airlines and more.
- Velocity points – redemptions with Virgin Australia and partner airlines including Etihad Airways, Qatar Airways, ANA, Air Canada, Singapore Airlines and more.
- Flybuys points – in-store redemptions when shopping at Coles supermarkets, Kmart, Officeworks, Liquorland, Target and more.
To transfer Citi reward Points to these programs, a minimum transfer applies, as follows:
- Singapore Airlines KrisFlyer – minimum 25,000 points in 1-point increments
- Velocity Frequent Flyer – minimum 2,000 points in 1-point increments
- Flybuys – minimum 2,000 points in 1-point increments
Pay with Points
One of the benefit of Citi Credit Cards is the ‘Pay with Points’ feature. Pay with Points allows cardholders to use their Citi reward Points to offset eligible purchases made on their card.
There are three ways to do this:
- Pay with Points (full amount)
- Pay with Points (partial amount via the Citi Mobile® App only)
- Spend and Redeem (real-time SMS offer)
Regardless of which option you select, your Citi reward Points can be redeemed at a rate of $10 back per 2,500 Citi reward Points (0.4 cents per point).
Summary
Pros
- Earn 1 Citi reward Point per $1 on domestic and international spend
- Flexibility to transfer Citi reward Points to Velocity Frequent Flyer, KrisFlyer or Flybuys
- No cap on full-points earning rate on international spend
- Access to Complimentary International and Domestic Travel Insurance*
- Mobile Phone Insurance~
- Compatible with Apple Pay, Google Pay and Samsung Pay
Cons
- Overseas transaction fees apply
- Full points-earning rate capped at $10,000 per statement period on domestic spend
- High interest rate on purchases (this is a potential issue if you think you’ll be unable to repay your balance in full each month)
- Signup bonus
- 100,000 bonus Citi reward Points^ (equivalent to $400 when you Pay with Points), when you spend $5,000 or more on eligible purchases within 3 months from approval
- Points Earned
- 1 Citi reward Point per $1 on eligible domestic spend up to $10,000 per statement period; 1 Citi reward Point per $1 on eligible international spend uncapped
- Notable Benefits
- 10% off (up to $250 per booking) selected Luxury Escapes hotel offers. Offer valid until 1 March 2025. Get $10 cashback with BINGE every month until 31 October 2025 when you sign up for a Standard (normally $19 per month) or Premium (normally $22 per month) monthly subscription. Stream the TV shows and movies everyone is talking about.ˢ Explore the world with 5% discount on international flights with Trip.com⁼
- Annual fee
- $99 for the first year, $199 p.a. ongoing
Australian Frequent Flyer is currently not accepting applications for this card offer.
Get notified when it’s live.
Frequently Asked Questions (FAQs)
To apply for a Citi Rewards Credit Card, you would need to be a Permanent Australian resident, aged 18 years or older. You’ll also need an Australian mobile phone, 2 forms of identification as well as proof of income.
The minimum credit limit is $2,000.
As long as your Citi Rewards account remains open, your points do not expire. Your account must also remain in good standing, and not be in default, suspended or closed.
Yes, you can link your Citi Rewards Credit Card to contactless payment solutions like Apple Pay, Google Pay and Samsung Pay to make it easier to make payments on-the-go.
Yes, you can add up to four additional cardholders aged 16 years or older. There is a $90 annual fee per additional cardholder.
Important information
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded credit products. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services.
Our/us/we means NAB unless the context otherwise requires it.
“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.
^ 100,000 bonus Citi reward Points
To be eligible to receive 100,000 bonus Citi reward Points, you must spend a minimum of $5,000 on eligible purchases using your new card within 3 months from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds and Chargebacks. The 100,000 bonus Citi reward Points will be credited to your Rewards Balance within 2 months of meeting the spend criteria. All rewards are subject to the Terms and Conditions of the Citi Rewards Program. Your Citi Rewards Card must remain open, in good standing (for example – your account is not in default, suspended or closed) and enrolled in the Citi Rewards program for the bonus Citi reward Points to be awarded. This offer commenced 22 February 2024. NAB may vary or end this offer at any time. This offer is not available when closing or transferring from another Citi branded credit card account or in conjunction with any other Citi branded credit card offer.”
* Complimentary International and Domestic Travel Insurance
AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the underwriter, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz) has issued a Complimentary insurance group policy to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) which allows eligible NAB account holders and cardholders to claim under it as third party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth).NAB is the credit provider and issuer of Citi branded credit cards. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”). Citi has agreed with NAB to provide transitional services in relation to the transferred business. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The terms, conditions, exclusions, limits and applicable sub-limits of the group policy are set out in the Citi Credit Cards Complimentary Insurance Policy Information Booklet which may be amended from time to time. Neither NAB nor Citi nor any of its related corporations guarantee this insurance.
~ Mobile Phone Insurance
Mobile Phone Protection Insurance (Cover) is provided under and by way of a group policy (Group Policy) issued by AIG Australia Limited (ABN 93 004 727 753, AFSL 381 686) (AIG) to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”). NAB is the credit provider and issuer of Citi branded credit cards. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”). Citi has agreed with NAB to provide transitional services in relation to the transferred business.This Cover is available to Cardholders (“you/your”) while you remain an eligible Mastercard and/or Visa cardholder of NAB, subject to NAB’s and AIG’s right to alter the Cover. The terms, conditions and excluded cover are specified in the ‘Citi Credit Cards Complimentary Mobile Phone Insurance Terms and Conditions’ as amended from time to time. When eligible, you have the benefit of cover as a third party beneficiary solely by reason of the statutory operation of Section 48 of the Insurance Contracts Act 1984 (Cth). To make sure that the Cover meets your needs and is suitable for you and your personal circumstances, these terms and conditions must be reviewed by you and, if necessary, you should also seek independent financial advice. Neither Citi nor NAB is the issuer or insurer of the Cover.Neither Citi nor NAB nor any of its related corporations guarantee any of the benefits under the Cover. Please note that you must have a contract with a mobile phone provider and a monthly automatic billing arrangement.