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Our verdict

Offers up to 70,000 bonus Qantas Points and travel perks, with a $350 annual fee that can be discounted after the first year if you meet the spend requirements.

The Citi Premier Qantas is a premium credit card suited to frequent flyers and big spenders. With its current bonus points offer, you'll get 50,000 bonus Qantas Points when you spend $6,000 in the first 3 months from card approval. You'll earn another 20,000 bonus Qantas Points when you keep your card open for over a year. But you would have to pay an annual fee in both the first and second year to collect all the points.

If you did earn all 70,000 bonus Qantas Points on offer, you’d have enough for a return business class flight from Brisbane to Adelaide (55,200 points, plus fees and taxes) or a one-way business class flight from Sydney to Singapore (68,400 points, plus fees and taxes). And while the $350 annual fee is at the higher end of the scale, it can be discounted by 50% from the second year onward when you meet the yearly $48,000 spend requirement. But the earn rate of 0.5 Qantas Points per $1 spent (for domestic transactions not made online) is relatively low for a card in this bracket.

Pros

Up to 70,000 bonus Qantas Points
Reduced annual fee of $175 from the 2nd year onward when you meet the spend requirement
Complimentary travel insurance
Two complimentary airport lounge visits per year through Priority Pass

Cons

Relatively high standard annual fee of $350 p.a.
High interest rate of 21.49% p.a. on purchases
3.4% international transaction fee

The Citi Premier Qantas Credit Card earns between 0.5 and 1 Qantas Point per $1 on eligible spending, with the highest earn rates going to eligible spending online and overseas. Other travel perks include complimentary international travel insurance and airport lounge access. But it does have a 3.4% international transaction fee when you're spending money overseas or online in a foreign currency.

Details

Product details

Product Name	Citi Premier Qantas Card
Balance transfer rate p.a.	22.24%
Balance transfer limit	80% of available limit
Purchase rate p.a.	21.49%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	22.24%
Min credit limit	$10,000
Max credit limit	$100,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Minimum income	$75,000
Joint application	No

Rewards

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

Fees

Annual fee	$350
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

On 1 June 2022, Citi's consumer banking business was acquired by NAB. Citi credit cards are still available for application and will have the Citi brand. However, the contract for these cards is now with NAB.

How to apply

If you've compared your options and want to get the Citi Premier Qantas Card, you can apply online in around 10 minutes. Get started by making sure you meet the eligibility requirements and have all your documents and details ready for the application.

Eligibility criteria

Residency. You must be an Australian citizen or permanent Australian resident.
Regular income. You must receive a regular income and be able to show proof of it when you apply for this card.

Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, residential address, marital status, number of dependents and contact number. You'll also need to provide a valid form of ID, such as your driver's licence, passport or Medicare card number.
Frequent flyer details. During the application, you'll need to opt-in to Citi Qantas Rewards and provide your Qantas Frequent Flyer number. If you're not already a member of the frequent flyer program, here's how you can join for free (instead of paying the standard joining fee of $99.50).
Employment details. This includes your current job title, salary and your employer's contact details. If you're self-employed, you'll need to provide your accountant's contact details. You'll also need to provide documents that verify your income, such as recent payslips or tax assessment notices from the ATO.
Financial details. This includes any additional forms of income, pensions, savings or other assets, as well as existing debts, loans and cards. You'll also need to provide details of your regular household expenses such as rent or mortgage payments, utility bills and groceries.
Balance transfer details. If you plan to transfer a balance to this card, you'll need to provide details of the existing account(s).

Card benefits

Up to 70,000 bonus Qantas Points. You'll earn 50,000 bonus Qantas Points when you spend $6,000 on eligible purchases within the first 3 months from card approval. You'll then get an additional 20,000 bonus Qantas Points when you keep your card open for over a year.
Annual fee discounts. The Citi Premier Qantas credit card charges a first-year annual fee of $350. But it offers a reduced annual fee of $175 in the second year and each subsequent year when you spend $48,000 on eligible purchases or cash advances in the previous year. This includes the annual Citi Qantas Rewards fee of $50.

Qantas Points per $1 spent. You'll earn 1 Qantas Point per $1 for all eligible international spending and 1 Qantas Point per $1 for eligible transactions made online. In Australia, you'll earn 0.5 Qantas Points per $1 on domestic eligible transactions, up to 100,000 Points over a 12-month period.
International travel insurance. The Citi Premier Qantas Card offers complimentary international travel insurance when you use it to purchase your return overseas travel tickets. Your spouse and/or dependent children can also be included on your cover when they meet the eligibility requirements.
Priority Pass airport lounge access. This card offers complimentary digital Priority Pass membership – including 2 complimentary lounge visits per year.
Personal concierge service. Gain access to a 24/7 concierge service that can help with anything from restaurant reservations, to buying theatre tickets, ordering flowers and more.
Purchase insurances. This card offers purchase protection insurance to cover the cost of loss, theft or damage, as well as extended warranty insurance for eligible purchases made with the Citi Premier Qantas credit card.
Complimentary mobile phone insurance. If you use your Citi Premier Qantas Card to pay for your phone on a contract, you can get cover for your eligible mobile phone or smartphone from accidental damage and theft for up to $1,000 per claim (up to $1,650 per year).
Mobile payment technology. This card is eligible for both Samsung Pay, Google Pay and Apple Pay, which allows you to make contactless payments using a compatible Samsung, Android or Apple device.

Rates & fees

Annual fee. Outside of any promotions, this card has a $350 annual fee, which includes the Qantas Rewards fee.
Interest rates. This card charges a 21.49% p.a. variable interest rate for purchases and 22.24% p.a. on cash advances and cash-equivalent transactions.

Interest-free days on purchases. You'll get up to 55 days interest-free on purchases if you pay your balance in full by the due date on each statement. Note that interest-free days do not apply if you're carrying a balance from a balance transfer.
Currency conversion rate. A 3.4% fee applies for transactions made in a foreign currency overseas or online.
Balance transfer rate. If you have an existing debt to pay, you can transfer it fee-free to this credit card to keep all of your payments in one place. However, it will be charged at the cash advance rate of 22.24% p.a. Citi allows you to transfer up to 80% of your credit limit from Australian-issued store cards, personal loans, or credit cards not issued under the Citi brand. Please note you won't earn any points on balance transfers.

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Amy Finder

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Jim

November 16, 2021

How long between cards do you need before you can receive the bonus QFF points? Thanks

Chris Giovine Finder

November 30, 2021

Hi Jim,

I hope that I’ve understood your questions correctly. Once approved for the Citi Premier Qantas credit card, you’ll need to spend $4,000 within the first 90 days from card approval to receive the 100,000 bonus Qantas Points and these will be credited to your Qantas Frequent Flyer membership account within 8 weeks of meeting the spend criteria.

You’re eligible for the 100,000 bonus Qantas Points if you have never held this card, even if you are a past or existing Citibank customer.

Cheers,

Chris

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Sam

November 09, 2021

Are customers who previously held a Citi card eligible for the 100,000 QFF points?

Chris Giovine Finder

November 17, 2021

Hi Sam,

You’re eligible for the 100,000 bonus Qantas Points if you are a past or existing Citibank customer that has never held a Citi Premier Qantas Credit Card.

Please also note the application eligibility requirements and other general terms and conditions attached to the card to get the bonus points, such as but not limited to:

– you must apply for the Citi Premier Qantas Credit Card by 28 April 2022

– spend a minimum of $4,000 on eligible retail purchases using the card within 90 days from approval

– you must be a member of the Qantas Frequent Flyer Program and provide your membership number to Citibank.

I hope this helps.

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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?

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Jhez Finder

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

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Robert

October 02, 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

Nikki Angco

October 02, 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

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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?

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May Finder

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

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Citi Premier Qantas credit card

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