Citi Qantas Prestige Card – Review

Maximise your Qantas rewards with a competitive earn rate and unlimited airport lounge access with the Citi Qantas Prestige Credit Card.

The Citi Qantas Prestige Credit Card is a premium rewards option designed for high earners. With this card, you can earn up to 1.5 Qantas Points per dollar spent on eligible purchases. Plus, receive 70,000 bonus Qantas Points when you apply by 30 September 2018 and make your first spend within 90 days from card approval.

As well as reward points for your spending, this frequent flyer credit card offers unlimited access to airport lounges, complimentary accommodation at some of the world’s best hotels and comprehensive travel insurance for you and your family.

Product NameCiti Qantas Prestige Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.99% p.a.
Offer end date30 September 2018
Annual fee$700 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$30,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$150,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$700 p.a.
Minimum Monthly Repayment2% or $30 (whichever is greater)
Late Payment Fee$10
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Cash Advance Fee3.5% of transaction amount or $3.50
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders4

Pros

  • Apply by 30 September 2018 and earn 70,000 bonus Qantas points after your first spend within 90 days from card approval.
  • Earn up to 1.5 Qantas Points per $1 spent on eligible purchases with the Citi Rewards Program.
  • This card comes with complimentary airport transfers and unlimited lounge access.

Cons

  • The $700 p.a. annual fee is pretty steep.
Rewards ProgramQantas Frequent Flyer
Bonus Points70,000 bonus points
Rewards Points per $ spent (VISA/MC)0.5
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Citi Qantas Prestige Credit Card

  • 70,000 bonus Qantas Points. Apply by 30 September 2018 and take advantage of 70,000 bonus Qantas Points after your first spend within 90 days from card approval.
  • Uncapped points. Get rewarded with 1.5 Qantas Points per $1 spent on eligible international spending and selected domestic purchases made at major restaurants and restaurant chains, hotel chains, airlines (flights only), major travel agencies and major travel aggregators. This card also earns 1 point per $1 on Australian spending at selected domestic purchases made at major petrol outlets, supermarkets and national retailers and 0.5 points per $1 spent everywhere else on domestic eligible transactions.
  • Complimentary Priority Pass membership. The Citi Qantas Prestige entitles you to unlimited visits to any Priority Pass lounge in the world. You can also bring a guest with you free of charge. Just activate your Citi Qantas Prestige Card to receive your Priority Pass membership.
  • Complimentary hotel stay. Cardholders receive one complimentary night stay at one of Citi’s premium partner hotels. Plus, book an extra night for free when you stay for 4 consecutive nights.
  • Luxury airport transfer service. Arrive for your flight in style with a complimentary one-way luxury transfer to or from select Asia Pacific airports twice per year.
  • Complimentary golf club green fees. Enjoy three complimentary green fees at participating golf clubs around the world each calendar year.
  • Balance transfers. Transfer your credit card debt to the Citi Prestige Card and pay 0% p.a. interest for 6 months. You can use up to 80% of credit limit of your available Citi Qantas Prestige Card credit limit towards a balance transfer, and you can transfer balances from up to 4 other non-Citi credit cards. At the end of the balance transfer promotional period, any remaining debt will accrue interest at the cash advance rate of 21.74% p.a.
  • Complimentary insurances. You and your family could be covered with international travel insurance for up to six months when you charge the cost of your return overseas travel ticket to your Citi Qantas Prestige Card. This card also offers interstate flight inconvenience insurance, transit accident insurance, purchase cover insurance and extended warranty insurance.
  • Guaranteed pricing scheme. Get reimbursed up to $500 if you buy an eligible item with your card and find it at a lower price in another store within the same geographic area.
  • Visa premium credit card benefits. As a premium Visa credit card, the Citi Qantas Prestige gives you access to a range of exclusive benefits, including a 24/7 concierge service, lifestyle, travel and entertainment offers and pre-sale and preferential tickets through Visa Front Line Access.

Features of the Citi Qantas Prestige Credit Card

  • Annual fee. The Citi Qantas Prestige Credit Card charges an annual fee of $700 p.a..
  • Citi Qantas Rewards fee. Citi Qantas Rewards charges an annual program membership fee of $49.
  • Purchases interest rate. The purchase rate for this card is 20.99% p.a. (variable).
  • Cash advances. Cash advance transactions are charged at 21.74% p.a. (variable).

How to apply for the Citi Qantas Prestige Credit Card

Apply via a secured online application for the Citi Qantas Prestige Card. The application should only take up to 15 minutes and you will receive a response about the status of your application within minutes of submitting the form to Citi. Before applying, check that you meet the following eligibility requirements:

Eligibility requirements

  • Age. You must be 18 or older.
  • Residency. You must be an Australian resident or citizen.
  • Credit rating. You must have a good credit rating.
  • Minimum income. You must earn at least $150,000 to be eligible to apply for the Citi Qantas Prestige card.

Required information and documents

Speed up the application process by making sure you have the following information handy:

  • Income and assets. Enter your employer’s contact information, your pre-tax income and income from other assets. You’re also required to provide your last two pay slips or bank statements if you’re employed part- time or full- time. If you’re currently self-employed or a retiree, you’ll need to enter your account’s contact information.. These documents can be faxed or emailed to Citi.
  • Expenses and liabilities. Provide details of your ongoing expenses and any liabilities, such as loan balances, mortgage payments, rent and everyday bills.
  • Identification. If you’re a new customer, verify your identity with Citi to complete the application. You can complete this step by entering your driver’s licence number or passport number. Foreign driver’s licenses and passports are also accepted.

The Citi Qantas Prestige Card has one of the most comprehensive package of perks on the market. But with an annual fee of $700 p.a., it is also one of the most expensive cards around. Make sure you consider a range of Qantas frequent flyer credit cards so you can find the card that will give you the right combination of features and benefits for the right price.

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Credit Cards Comparison

Rates last updated October 18th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
Qantas Premier Everyday
19.99% p.a.
4.9% p.a. for 24 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Take advantage of up to 40,000 bonus Qantas Points, a $0 first year annual fee plus complimentary overseas travel insurance.
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 26 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer, $0 first year annual fee, complimentary travel insurance and access to a 24/7 personal concierge service.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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