Citi Premier Card – Cashback Offer

Offers a big $600 cashback offer and a discounted $150 first-year annual fee. Just make sure you can justify the annual fee after that.

The Citi Premier gives you up to 2 points per $1 spent, complimentary Priority Pass lounge membership and passes, a concierge service and exclusive Citi World Privileges. This offer gives you $600 cashback when you apply by 28 April 2022 and make $4,000 worth of eligible purchases with Apple Pay or Samsung Pay in the first 90 days from approval. It also has a $150 annual fee in the first year, which applies in future years if you spend at least $48,000 for that year. Otherwise, a higher $300 annual fee applies.

21.49% p.a.

Purchase rate


Reward point

Per $ spent

$150 p.a.

Annual fee

for the first year ($300 p.a. thereafter)

55 days

Interest free period

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Product NameCiti Premier Card - Cashback Offer
Rewards programCiti Rewards Program
Balance transfer rate0% p.a. for 6 months
Balance transfer revert rateCash Advance Rate (22.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate21.49% p.a.
Annual fee$150 annual fee for the first year ($300 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate22.24% p.a.
Min credit limit$15,000
Max credit limit$100,000
Card typeMastercard
Foreign currency conversion fee3.4%
Minimum income$75,000
Available to temporary residentsNo
Joint applicationNo


  • Get $600 cashback
  • 0% p.a. on balance transfers for 6 months (no BT fee)
  • Discounted first-year annual fee of $150
  • Complimentary travel and purchase insurance
  • Earns 1 Citi reward Point per $1 spent


  • High standard annual fee of $300
  • Balance transfer reverts to the high 22.24% p.a. cash advance rate
  • The 21.49% p.a. purchase interest rate is relatively high
  • You will not be eligible for interest-free days on retail purchases while you have a balance transfer
Rewards programCiti Rewards Program
Bonus pointsN/A
Rewards points per $ spent1
Rewards points cap200
Annual fee$150 annual fee for the first year ($300 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3.4%
Cash advance fee3.5% or $3.50, whichever is greater
Overseas cash advance fee5%
Additional cardholder fee$0
Number of additional cardholders4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Citi Premier is a top-level credit card that offers flexible rewards points and has one of the biggest cashback offers currently on the market. The key to getting this $600 back is to meet the spend requirement with Apple Pay or Samsung Pay – so if your mobile device only has Google Pay you won’t be eligible.

How to apply

You can apply for the Citi Premier Credit Card online in 15 minutes and should receive a response within 60 seconds. Before you get started, make sure to check the eligibility requirements and organise the necessary information to complete the application.

Eligibility criteria

  • New cardholder. The cashback offer is only available to new Citi customers.
  • Minimum income. Applicants must earn a minimum of $75,000 per year.

Card benefits

  • $600 cashback offer. You'll get $600 back on your account when you apply by 28 April 2022 and spend $4,000 on eligible purchases through Apple Pay or Samsung Pay in the first 90 days from approval. The cashback will be credited to your account within 16 weeks of meeting the spend requirement. Note that cashback will reduce your credit card balance but won't count towards your repayments.
  • Rewards program. You'll earn 2 points per $1 on eligible purchases made online in Australia or overseas, 2 points per $1 for eligible international spending and 1 point per $1 on all other eligible spending in Australia. This means you'll earn points for most of your purchases, with an annual points cap of 200,000 points. But you won't earn points for transactions including cash advances, balance transfers, BPAY payments, transactions made when you're operating a business and government charges (including payments to the Australian Taxation Office).

Rates &a fees

  • Annual fee. This card has a $150 annual fee in the first year and in future years if you spend $48,000 on eligible purchases or cash advances within that year. Otherwise, the annual fee is $300.
  • Interest rates. The purchase rate on this card is 21.49% p.a. and the cash advance rate is 22.24% p.a. (variable).

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