Citi Rewards Card – Cashback Offer

Offers $400 cashback and a reduced $99 annual fee in the first year, which goes to $149 after that.

The Citi Rewards Card earns 1 point per $1 on your eligible spending and comes with perks including complimentary mobile phone insurance and purchase protection insurance. With this introductory offer, you’ll get $400 back on your account when you apply by 28 April 2022 and make $3,000 worth of eligible purchases through Apple Pay or Samsung Pay.

0% p.a.

Balance transfer rate

for 15 months

21.49% p.a.

Purchase rate


Reward point

Per $ spent

$99 p.a.

Annual fee

for the first year ($149 p.a. thereafter)

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Product NameCiti Rewards Card - Cashback Offer
Rewards programCiti Rewards Program
Balance transfer rate0% p.a. for 15 months
Balance transfer revert rateCash Advance Rate (22.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate21.49% p.a.
Annual fee$99 annual fee for the first year ($149 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate22.24% p.a.
Min credit limit$6,000
Max credit limit$100,000
Card typeMastercard
Foreign currency conversion fee3.4%
Minimum income$35,000
Joint applicationNo


  • $400 cashback
  • 0% p.a. on balance transfers for 15 months with no BT fee
  • $99 annual fee for the first year
  • Complimentary travel and purchase insurance
  • Earns 1 Citi reward Point per $1 spent


  • Balance transfer reverts to the high 22.24% p.a. cash advance rate
  • The 21.49% p.a. purchase interest rate is relatively high
  • You will not be eligible for interest-free days on retail purchases while you have a balance transfer
Rewards programCiti Rewards Program
Bonus pointsN/A
Rewards points per $ spent1
Rewards points cap10,000
Annual fee$99 annual fee for the first year ($149 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$90
Number of additional cardholders4

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 cashback offer on the Citi Rewards Card is suited to people who shop with a digital wallet. So if you use Apple Pay or Samsung Pay through your mobile phone (or another device), you could get the $400 back by adding and using this card to meet the spend requirement. But if you only have Google Pay, you won’t be eligible.

How to apply

You can apply for this Citi Rewards Card offer online in around 15 minutes and you should receive a response in 60 seconds. Before you start the application, make sure you meet the eligibility requirements and have all the documents and details you need ready to go.

Eligibility criteria

  • Minimum income. You'll need to have an annual income of at least $35,000.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • $400 cashback offer. You'll get $400 back on your account when you apply by 28 April 2022 and spend $3,000 on eligible purchases through Apple Pay or Samsung Pay in the first 90 days from approval. The cashback will be credited to your account within 16 weeks of meeting the spend requirement. Note that cashback will reduce your credit card balance but won't count towards your repayments.
  • Balance transfer offer. Pay 0% p.a. interest for the first 15 months on balance transfers, with no balance transfer fee when you apply by 28 April 2022. At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 22.24% p.a. Please note that purchases will not be eligible for interest-free days while you have a balance transfer.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $149.
  • Purchase interest rate. The variable interest rate for purchases is 21.49% p.a. This is higher than the average standard credit card interest rate in Australia, which is currently 19.94%.

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