Citi Signature Qantas Credit Card

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Get up to 150,000 bonus Qantas Points, a reduced first year annual fee and airport lounge passes with the Citi Signature Qantas card.

The Citi Signature Qantas credit card is designed to suit frequent flyers, travellers and people who spend a lot on plastic who want to reward their spending.

150,000

Bonus points

21.49% p.a.

Purchase rate

0.5

Reward points

Per $ spent (Visa/Mastercard)

$49 p.a.

Annual fee

for the first year ($444 p.a. thereafter)

Details

Product NameCiti Signature Qantas Credit Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate0% p.a. for 15 months
Balance Transfer Revert RateCash Advance Rate (22.24% p.a.)
Balance Transfer Limit80% of available balance
Purchase rate (p.a.)21.49% p.a.
Annual fee$49 p.a. annual fee for the first year ($444 p.a. thereafter)
Interest Free Period55 days
Cash Advance Rate22.24% p.a.
Minimum Credit Limit$15,000
Maximum Credit Limit$100,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • 100,000 bonus Qantas Points when you spend $5,000 within 90 days from card approval and 50,000 extra points after paying the second year annual fee
  • A reduced annual fee of $49 in the first year
  • Complimentary transit accident and travel insurance covers
  • Two complimentary airport lounge visits per year through Priority Pass
  • 0% p.a. on balance transfers for 15 months

Cons

  • High annual fee of $444 which applies after the first year
  • High interest rate of 21.49% p.a. on purchases if you carry a balance
Rewards ProgramQantas Frequent Flyer
Bonus Points150,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)0.5
Annual fee$49 p.a. annual fee for the first year ($444 p.a. thereafter)
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Cash Advance Fee3.5% or $3.50, whichever is greater
Overseas Cash Advance Fee$5
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The Citi Signature Qantas is a premium frequent flyer credit card that offers a competitive introductory bonus points offer, combined with a discounted first year annual fee, airport lounge access and comprehensive complimentary insurance covers.

The 150,000 bonus Qantas Points, are enough to fly return from Sydney to Los Angeles in premium economy (144,000 points). If you’re looking to consolidate your existing debt, you can take advantage of a 0% p.a. balance transfer offer for the first 15 months.

How to apply

If you've compared your options and want to get the Citi Signature Qantas, you can apply online in around 15 minutes. Get started by making sure you meet the eligibility requirements and have all your documents and details ready for the application.

Eligibility criteria

  • Minimum income. You must earn at least $75,000 per year.
  • Residency. You must be an Australian citizen or permanent Australian resident.

Card benefits

  • Up to 150,000 bonus Qantas Points. Boost your points balance with 100,000 bonus Qantas Points when you apply by 31 January 2020 and spend $5,000 on eligible purchases within 90 days from card approval. An extra 50,000 points will be added to your account after you pay for the second year's annual fee.
  • Discounted first year annual fee. The Citi Signature Qantas Credit Card offers a reduced annual fee of $49 for the first year, $444 p.a. thereafter. This includes the annual Citi Qantas Rewards fee of $49.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $444 p.a., including the Qantas Rewards fee.
  • Interest rates. This card charges a variable interest rate of 21.49% p.a. on purchases and 22.24% p.a. on cash advances and cash-equivalent transactions.

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211 Comments

  1. Default Gravatar
    Robert
    October 2, 2018

    will my Citi signature visa allow me and my wife access to lounges in Abu Dahbi and which ones. We are flying with Etihad to London

    • AvatarStaff
      Nikki
      October 2, 2018

      Hi Robert,

      Thanks for your message and for contactin finder.

      The Citi Signature Visa can give you 2 complimentary lounge visits however this is only for the primary cardholder only. Also, to activate this, you must enroll into your complimentary Priority Pass membership on the Citibank website. As per the Citibank site, once enrolled, you will get the card in the mail after 15 working days. Unused visits cannot be carried forward to the following membership year. The total number of complimentary visits will be reset to two at the beginning of each membership year while you remain a Citi Rewards Signature Credit Cardholder. The membership is subject to the Priority Pass™ Conditions of Use. Please note that within Australia, Priority Pass is currently available at Cairns, Darwin and Brisbane International Airports and Sydney Kingsford Smith. For the full list of up to date airport lounges and Priority Pass™ Conditions of Use please refer to the Priority Pass website.

      Hope this helps! Feel free to message us should you have further questions.

      Regards,
      Nikki

  2. Default Gravatar
    MA
    January 13, 2017

    I’m interested in applying for a Citi Qantas Signature Credit Card and get the 50k Qantas points.

    I’d also like to avail of the 0% balance transfer. I understand that I need to spend of $2k to qualify for the 50k Wantas points, will that invalidate the 0% balance transfer rate even if I make the minimum monthly payment required for the balance transfer and also pay for new purchases in full amount?

    • AvatarStaff
      May
      January 13, 2017

      Hi MA,

      Thank you for your inquiry.

      If you are approved for the Citi Qantas Signature Credit Card, you can actually request for a BT and take advantage of the 0% p.a. interest for 6 months and you can still use the card for new purchases while on BT promotion. However, please keep in mind that if you are using up the 80% of the available credit limit for the BT of your, you may also have to allot more than $2,000 of your credit limit so that you can still meet the spending criteria of $2,000 to qualify for the 50,000 bonus Qantas Points.

      Your approved credit limit will come into play in this scenario to accommodate the balance/debt you want to transfer and the $2,000 spending criteria. The higher the credit limit you have, the better. Please also note that your credit limit will be determined by Citibank depending on their assessment of your ability to repay credit by taking into account your income, assets, other liabilities and even credit history.

      For your new purchases, you should pay them in full at the payment due date so that you won’t be charged 20.99% p.a. interest in your next billing.

      Cheers,
      May

  3. Default Gravatar
    Jess
    November 23, 2016

    I just want to confirm my third party car insurance will not count towards bonus points spend?
    Do water corporation bills count paid by direct debit from the credit card?

    • AvatarStaff
      May
      November 28, 2016

      Hi Jess,

      Thanks for your question.

      Yes, payments to insurance are not considered as eligible purchases so you cannot earn points for that transaction. Corporation water bills through direct debit, on the other hand, may be considered as eligible purchases, so you can earn points on this.

      Cheers,
      May

  4. Default Gravatar
    Brewster
    November 9, 2016

    I got issued with a supplementary card through my partner but I noticed that the account number is different to her. Do I need to give my Qantas Frequent Flyer to get the points associated with the expenditure or all the points will go to her QFF program.

    Thanks!

    • AvatarStaff
      Jason
      November 9, 2016

      Hi Brewster,

      Thank you for your inquiry.

      The Qantas Points earned from purchases made by using the supplementary card will go to the Qantas Frequent Flyer account of the primary card holder. It may be possible that you might only have a different card number but it should still be associated with the account of primary card holder since that is a supplementary card.
      Please get in touch with Citibank to verify if the account number of that card is indeed associated with your partner’s account.

      Cheers,
      Jason

  5. Default Gravatar
    Cambo
    November 8, 2016

    According to details published above, points will not be earned on government charges. Is the renewal of my annual motor vehicle registration licence classified as a ‘government charge?’

    • AvatarStaff
      May
      November 8, 2016

      Hi Cambo,

      Thank you for your inquiry.

      Unfortunately, yes, payments for renewal of annual motor vehicle registration licence are considered as ‘government charges’ so you won’t earn points for this.

      Cheers,
      May

  6. Default Gravatar
    Betty
    October 31, 2016

    With Citi Qantas Signature credit card Platinum, about the usage for travel insurance cover. Is there an age cut off for the cover and is there coverage provided for existing health conditions?

    • AvatarStaff
      Jason
      November 1, 2016

      Hi Betty.

      Thank you for your inquiry.

      There was no age limit expressed in the credit card insurance terms and conditions and the complimentary international travel insurance does not automatically cover pre-existing medical conditions but you can apply for additional coverage relating to a pre-existing medical condition by calling Allianz Global Assistance on 1800 072 791. Please get in touch with Allianz to confirm your eligibility before you travel.

      Cheers,
      Jason

  7. Default Gravatar
    Christine
    September 30, 2016

    Would a dentist bill be considered a retail purchase?

    • AvatarStaff
      May
      October 6, 2016

      Hi Christine,

      Thanks for your question.

      If your dentist charges their service as a “purchase,” then that will be considered as a “retail purchase”.

      Cheers,
      May

  8. Default Gravatar
    lisa
    September 26, 2016

    i use to have a credit card but now am a sup card holder
    am i eligible for this offer?

    • AvatarStaff
      May
      September 27, 2016

      Hi Lisa,

      Thank you for your inquiry.

      If you have an income of more than $75,000 p.a. you are eligible to apply. You can present your proof of income source to Citibank and they will assess them before they will approve your application to be eligible for the current offer (conditions also apply). All other eligibility requirements (outlined above) should also be met.

      Cheers,
      May

  9. Default Gravatar
    Tim
    September 25, 2016

    Are you obligated to stay for a 2nd yr with the card or can you cancel at the end of the first year?

    You wouldn’t lose the 75K points after cancelling the card would you?

    Cheers,
    Tim

    • AvatarStaff
      Debbie
      September 26, 2016

      Hi Tim,

      Thanks for your question.

      Yes, you can close your card at the end of the first year as long as you pay the entire balance before your last payment due date. Once the bonus Qantas Points is credited to your Qantas Frequent Flyer account, it cannot be reversed or removed even if you cancelled your credit card.

      You may wish to check our guide for the steps on how to cancel a credit card.

      I hope this has been helpful.

      Cheers,
      Debbie

  10. Default Gravatar
    Tim
    September 25, 2016

    I have a Citibank savings and debit card but have never had a credit card with Citibank.

    Would I still be classed as a new member and be eligible for the 70,000 bonus points?

    Cheers,
    Tim

    • AvatarStaff
      May
      September 26, 2016

      Hi Tim,

      Thank you for your inquiry.

      Yes, you will still be considered as a “new member” so long you have not held any Citibank credit card before. Provided you also have met the eligibility requirements of the card (Citi Qantas Signature Credit Card or Citi Prestige Credit Card) and have applied by 30 September 2016 and spend on your card within 90 days from card approval, you will be eligible for the 70,000 bonus Qantas points.

      Cheers,
      May

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