Citi Premier Qantas Credit Card

Offers a competitive 75,000 bonus points and plenty of perks, but a relatively low 0.5 points per $1 spent.

The Citi Premier Qantas is a premium frequent flyer credit card designed for people who travel and who spend a lot on their plastic. Right now, it offers 75,000 bonus Qantas Points when you apply by 31 August 2021 and spend $4,000 within the first 90 days from card approval. This is a competitive offer, but with a purchase interest rate of 21.49% p.a., you'll want to make sure you pay off all your purchases before the interest-free period is up.

You'll get a reduced annual fee of $175 for the first year and every year where you spend at least $48,000. Otherwise, you'll be charged a pretty hefty $350 annual fee.

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Details

Product NameCiti Premier Qantas Card
Rewards programQantas Frequent Flyer
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$175 annual fee for the first year ($350 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 typeVisa
Foreign currency conversion fee3.4%
Minimum income$75,000
Available to temporary residentsNo
Joint applicationNo

Pros

  • 75,000 bonus Qantas Points
  • 1 Qantas Point per $1 on eligible transactions made online and overseas
  • Reduced annual fee of $175 in the first year
  • Complimentary transit accident insurance and complimentary travel insurance
  • Two complimentary airport lounge visits per year through Priority Pass

Cons

  • Relatively high annual fee of $350 p.a.
  • High interest rate of 21.49% p.a. on purchases
Rewards programQantas Frequent Flyer
Bonus points75,000
Rewards points per $ spent0.5
Annual fee$175 annual fee for the first year ($350 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 fee$5
Additional cardholder fee$0
Number of additional cardholders4

How to apply

If you've compared your options and want to get the Citi Premier Qantas Card, 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

  • 75,000 bonus Qantas Points. Boost your points balance with 75,000 bonus Qantas Points when you apply by 31 August 2021 and spend $4,000 on eligible purchases within 90 days from card approval.
  • Discounted first year annual fee. The Citi Premier Qantas credit card offers a reduced annual fee of $175 for the first year and each subsequent year when you spend $48,000 on eligible purchases or cash advances in the previous year ($350 p.a. thereafter). This includes the annual Citi Qantas Rewards fee of $50. This offer is valid until 31 August 2021.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $350 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.

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

This high-tier frequent flyer credit card earns Qantas Points on eligible spend with a boost of 75,000 bonus Qantas Points when you apply as a new cardholder. Additionally, the Citi Premier Qantas Credit Card provides a host of premium perks, including complimentary international travel insurance, airport lounge access and a personal concierge service. It also offers up to 55 days interest-free and a high maximum credit limit of up to $100,000, which is subject to lending criteria and approval.

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213 Comments

    Default Gravatar
    Kenneth
    January 22, 2020

    Am I eligible for the 100,000 points if I opt for the balance transfer, pay off the balance transfer immediately within the 1st month and spend $5000 within first 90 days? Also, if I pay the annual fee of $444 for the 2nd year and decide to close the card am I eligible for refund of annual fee prorate?

      Avatarfinder Customer Care
      Jhez
      January 22, 2020

      Hi Kenneth,

      Thank you for your question. You will receive 100,000 bonus Qantas Points when you spend a minimum of A$5,000 on your Citi Premier Qantas Card within 90 days from approval. Please note that this is for eligible transactions only. Cash Advances, Balance Transfers, refunds, chargebacks, Special Promotions and spend on a Linked Diners Club Card do not contribute to the spend threshold.

      In regard to the prorated annual fee refund, there’s no confirmation from the Citi website if they’re still doing this if you decide you want to close the credit card. You may need to contact Citi directly to confirm this.

      Please make sure to read the eligibility criteria, features and details of the policy, as well as the relevant Product Disclosure Statement PDS/T&C’s of the policy before making a decision and consider whether the product is right for you. If necessary, speak to the insurance brand to verify any details.

      Regards,
      Jhezelyn

    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

      Default Gravatar
      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

    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?

      Avatarfinder Customer Care
      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

    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?

      Avatarfinder Customer Care
      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

    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!

      Avatarfinder Customer Care
      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 cardholder. It may be possible that you might only have a different card number but it should still be associated with the account of the primary cardholder 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

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