Citi Qantas Rewards Program

Find out how you can earn Qantas Points for your spending on a Citi Rewards Signature or Citi Prestige credit card.

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With either of these credit cards, you can choose to opt-in to Citi’s Qantas Rewards program for an annual fee of $49. You’ll then earn frequent flyer points per $1 spent, instead of Citi Rewards points. At the end of each month, the points you’ve collected are transferred to your Qantas Frequent Flyer account, where you can use them for rewards such as flights, upgrades and other travel perks.

As some other credit cards earn Qantas Points by default, this type of opt-in rewards program can sometimes be confusing when you’re not familiar with it. So, to help you get your head around it, this guide explains how to join Citi Qantas Rewards, the key details of the program and what else you should think about before deciding to sign up with one of these credit cards.

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Rates last updated October 20th, 2019
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Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount Saved Product Description
Citi Signature Qantas Credit Card
0% p.a. for 15 months
21.49% p.a.
$49 p.a. annual fee for the first year ($444 p.a. thereafter)
Get up to 150,000 bonus Qantas Points when you meet the spend requirement, a first year annual fee discount and complimentary travel perks.

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How can I earn Qantas Points with my Citi credit card?

  • If you’re new to Citi

You can opt-in to Citi Qantas Rewards when you apply for either the Citi Rewards Signature or Citi Prestige. To do this, you need to provide your Qantas Frequent Flyer number in the “Additional options” section of the application form, and then follow the prompts to complete and submit it. You can then confirm this option with Citi when you activate the card.

  • If you’re an existing customer

If you already have a Citi Rewards Signature or Citi Prestige credit card, you can switch from Citi Rewards to Qantas Rewards by calling Citi on 13 24 84. You can also call Citi to request an upgrade from another Citi Rewards card to one of these cards if you are an existing customer and want to start earning Qantas Points. Note that upgrades to the Citi Rewards Signature or Citi Prestige are subject to Citi’s lending criteria and approval.

How many Qantas Points will I earn?

The earn rates vary between these cards, with different rates offered based on the type of purchase you make. The number of points you earn will also be different compared to the rates you’d get through Citi Rewards. With that in mind, below is a breakdown of the earn rates for each card.

Credit cardPoints earn rate
Citi Rewards Signature
  • 1 Qantas Point per $1 on eligible international spending.
  • 1.5 Qantas Point per $1 on Australian spending at major restaurants and restaurant chains, hotel chains, airlines (flights only), major travel agencies and major travel aggregators.
  • 0.75 Qantas Points per $1 on selected domestic purchases made at major petrol outlets, supermarkets and national retailers.
  • 1 Qantas Points per $1 for all other eligible spending (capped at 40,000 per statement period).
Citi Prestige
  • 1.5 Qantas points per $1 on eligible international spending.
  • 1.5 Qantas Points per $1 on Australian spending at major restaurants and restaurant chains, hotel chains, airlines (flights only), major travel agencies and major travel aggregators.
  • 1 Qantas Point per $1 on selected domestic purchases made at major petrol outlets, supermarkets and national retailers.
  • 0.5 Qantas Points per $1 for all other eligible spending.

What are "eligible purchases"?

This term covers most of your everyday spending but excludes transactions that are processed as cash advances, balance transfers, special promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, payments to other Citi accounts, bank fees and charges and government-related transactions.

What else do I need to think about?

Weigh up these options so you can decide if opting in to Citi Qantas Rewards is right for you:

  • Citi Qantas Rewards annual fee. This $49 annual fee is charged in addition to your card’s annual fee, which means it adds to the upfront cost of the card.
  • Foreign transaction fees. While these cards offer high earn rates for international purchases, they also charge a 3.4% foreign transaction fee that is higher than many other cards.
  • Point transfer times. It may take up to 28 working days for points earned through your Citi credit card to be added to your Qantas Frequent Flyer account. Keep this in mind if you’re collecting points for a particular Qantas Frequent Flyer reward, as a lag in point-processing times could affect when you’re able to redeem it.
  • Qantas Frequent Flyer membership. You must be a current member of the Qantas Frequent Flyer program and provide Citi with your membership number before you can start earning points. If you’re not already a Qantas Frequent Flyer member, find out how you can join for free to avoid the $99.50 sign-up fee.
  • Opting out. If you decide you don’t want to earn Qantas Points any more, you can call Citi on 13 24 84 and ask them to transfer your membership to Citi Rewards instead.
  • Other travel benefits. As well as being able to earn Qantas Points, the Citi Rewards Signature and Citi Prestige offer a range of travel perks. For the Citi Rewards Signature, this includes complimentary travel insurance and standard Priority Pass membership, with two free lounge visits per year. Benefits on the Citi Prestige include travel insurance, unlimited airport lounge access through Priority Pass, a complimentary hotel stay and a complimentary one-way airport transfer service. Both cards also give you access to exclusive offers through Visa Premium and Visa Luxury Hotels.

Find out what hotel benefits you can get with a Visa credit card

Opting in to Citi Qantas Rewards gives you access to competitive frequent flyer earn rates – particularly for international purchases and spending with major restaurants, hotels, airlines and travel-booking partners. But remember to also look at the annual fee, interest rates, other costs and features offered on the Citi Rewards Signature or Citi Prestige, so you can decide if one of these cards is right for you.
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2 Responses

  1. Default Gravatar
    NickMay 10, 2017

    What does 470000 Citibank platinum points convert to in qantas frequent flyer points?

    • Avatarfinder Customer Care
      HaroldMay 11, 2017Staff

      Hi Nick,

      Thank you for your inquiry.

      Here’s a guide on how to transfer your credit card rewards to your frequent flyer program.

      I hope this information has helped.

      Cheers,
      Harold

Credit Cards Comparison

Rates last updated October 20th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
Latitude Low Rate Mastercard
9.89% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get up to 120,000 bonus Qantas Points (20,000/month) when you spend $1,500/month for the first 6 months. Ends 31 October 2019.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 22 months with 1% balance transfer fee
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% p.a. interest rate on balance transfers for the first 22 months, with a 1% balance transfer fee. Plus, a reduced $64 first year annual fee.

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* 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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