Citi Prestige Qantas Card

Last updated: Nov 5, 2020

Earn 70,000 bonus Qantas Points and travel in style with the Citi Prestige Qantas card.

This is a premium product designed for high earners. It offers unlimited airport lounge access, comprehensive insurance covers and luxury travel perks.

You can earn up to 1.5 Qantas Points per dollar spent on eligible purchases. You’ll boost your points balance with 70,000 bonus Qantas Points when you apply by 31 March 2020 and make your first spend within 90 days from card approval.

70,000

Bonus points

21.49% p.a.

Purchase rate

0.5

Reward points

Per $ spent

$749 p.a.

Annual fee

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Details

Product Name	Citi Prestige Qantas Card
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 6 months
Balance transfer revert rate	Cash Advance Rate (22.24% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	21.49% p.a.
Annual fee	$749
Interest-free period	Up to 44 days on purchases
Cash advance rate	22.24% p.a.
Min credit limit	$30,000
Max credit limit	$100,000
Card type	Mastercard
Foreign currency conversion fee	3.4%

Minimum income	$150,000
Available to temporary residents	No
Joint application	No

Pros

70,000 bonus Qantas points after your first spend within 90 days from card approval
Up to 1.5 Qantas Points per $1 spent on eligible purchases
Complimentary airport transfers and unlimited lounge access

Cons

The $749 annual fee is very expensive
The purchase interest rate of 21.49% p.a. is high

Rewards program	Qantas Frequent Flyer
Bonus points	70,000
Rewards points per $ spent	0.5
Rewards points cap	Uncapped

Annual fee	$749
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Citi Prestige Qantas has a relatively competitive introductory offer, especially considering that many competing offers require you to spend thousands of dollars to get the bonus points. With 70,000 Qantas Points, you could fly return from Sydney to Honolulu or Tokyo in economy (both 31,500 points each way). It’s also almost enough points to fly from Brisbane to LA in Premium Economy (72,000 points).

Although this card offers unlimited access to Priority Pass lounges, it doesn’t offer any Qantas Club Lounge invitations which could be a downside if you regularly travel with Qantas.

As a premium card, it charges a high annual fee and is only available to cardholders who earn more than $150,000 per year.

How to apply

You can apply for the Citi Prestige Qantas credit card online in 15 minutes, but you'll need to make sure you meet the eligibility requirements and have the necessary documents before you get started.

Eligibility criteria

Income. You must earn an annual income of at least $150,000.
Residency. You must be an Australian permanent resident or citizen.

Credit history. This card is only available to applicants with a good credit score and no history of bankruptcy.
Age. You must be 18 years or older to apply.
Balance transfer debt. If you plan to transfer a balance, you can transfer up to 80% of your available credit limit from Australian store cards, personal loans and credit cards not issued by Citibank.

Required documents

Personal information. You'll be asked to include personal details including your full name, contact details and date of birth.
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 payslips 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, you can verify your identity by entering your driver's licence number or passport number. Foreign driver's licenses and passports are also accepted.
Balance transfer details. If you're planning to take advantage of the balance transfer offer, you'll need to provide details of the current account(s) including the name on the account, number, amount being transferred and the issuing bank's name and address.

Card benefits

70,000 bonus Qantas Points. Earn 70,000 bonus Qantas Points after your first eligible spend within 90 days from card approval. Your bonus points will be credited to your Qantas Frequent Flyer account within 6 to 8 weeks of meeting the spend criteria. You must provide your Qantas Frequent Flyer membership number upon application and an additional $49 annual fee applies to join the Citibank Qantas Rewards program.
Uncapped Qantas 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. You'll also earn 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. You can relax before your next flight with unlimited visits to any of the 1,200+ Priority Pass lounges in the world. You can also bring a guest with you free of charge. Just activate your Citi Prestige Qantas Card to receive your Priority Pass membership.
Fourth night free hotel stay. When you book through the Citi Prestige Concierge at least 48 hours (but not more than 6 months) in advance and stay a minimum of four consecutive nights at available hotels, you can enjoy one night free. The value of the free night is calculated as the average nightly room rate for the four-night stay and does not include taxes or additional fees.
Luxury airport transfer service. Receive a complimentary, one-way airport transfer to or from select cities in Australia (up to a maximum of $100).
Complimentary insurances. The Citi Prestige is packed with insurance covers, including: international travel insurance, transit accident insurance, interstate flight inconvenience cover, extended warranty insurance, purchase cover insurance and a guaranteed pricing scheme.
Mobile wallets. You can link your Citi card with Samsung Pay or Apple Pay to use your eligible device to make contactless payments.
Balance transfer offer. Transfer an existing debt to the Citi Prestige Card and pay 0% p.a. interest for 6 months, with no balance transfer fee. At the end of the balance transfer promotional period, any remaining debt will accrue interest at the cash advance rate of 22.24% p.a. You won't earn Qantas Points on balance transfers.

Rates & fees

Annual fee. The Citi Prestige Qantas Credit Card charges an annual fee of $749 (this includes the $49 Citibank Qantas Rewards Program yearly fee).
Purchases interest rate. The purchase rate for this card is 21.49% p.a. (variable).

Cash advances. Cash advance transactions are charged at 22.24% p.a. (variable). You'll also be charged a fee of 3.5% of the transaction amount or $3.50 (whichever is greater), if you're in Australia and will be charged $5 if you're overseas.
Interest-free days. When you pay your balance in full by the due date, you can take advantage of up to 44 interest-free days on purchases. Please note that interest-free days do not apply while you are carrying a balance transfer debt.

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Citi Prestige Qantas Card