Citi Rewards Card – Velocity Points Offer

Enjoy 100,000 bonus Velocity Points and reduced annual fee in the first year with a new Citi Rewards Credit Card.

You’ll collect these bonus points when you apply for the Citi Rewards Credit Card by 30 June 2021 and spend $3,000 in the first 90 days from card approval. This offer also gives you a $99 annual fee in the first year, which then goes to $199 in future years.

No reviews yet. Write a review


Bonus points

21.49% p.a.

Purchase rate


Reward point

Per $ spent

$99 p.a.

Annual fee

for the first year ($199 p.a. thereafter)

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameCiti Rewards Card - Velocity Points 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 ($199 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 typeVisa
Foreign currency conversion fee3.4%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo


  • 100,000 bonus Velocity Points when you meet the spend requirement
  • Reduced annual fee of $99 for the first year
  • Complimentary travel and purchase insurance


  • 3.4% currency conversion fee applies to purchases in foreign currencies
  • $90 additional cardholder fee
Rewards programCiti Rewards Program
Bonus points100,000
Rewards points per $ spent1
Rewards points cap10,000
Annual fee$99 annual fee for the first year ($199 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

The Citi Rewards Credit Card gives you a flexible rewards program and a one-off boost to your Velocity Frequent Flyer balance. To give you an idea of the value of the bonus Velocity Points, you could use them for a return business class flight from Sydney to Perth or from Melbourne to Auckland (both from 71,000 points). If you want to save up points for a future trip overseas, they’d also get you a one-way business class flight from Sydney to Los Angeles (from 95,500 points).

How to apply

You can apply for this credit card offer in around 15 minutes and receive a response instantly. Before you apply, make sure you've met the eligibility requirements and have the necessary documents and details on hand.

Eligibility criteria

  • Minimum income. You must earn at least $35,000 to apply for this card.
  • Residency. You must be an Australian resident.

Card benefits

  • 100,000 bonus Velocity Points. Apply for the Citi Rewards card by 30 June 2021 and spend $3,000 on eligible purchases in the first 90 days from card approval and you'll earn 100,000 Velocity Points for you account. Within 8 weeks of meeting the spend requirement, Citi will contact you by email and ask for your Velocity membership number. The 100,000 Velocity Points will then be credited to your Velocity account within 10 weeks from when Citi receives your Velocity membership number.
  • Balance transfer offer. Take advantage of 0% p.a. interest for the first 15 months on balance transfers, with no balance transfer fee when you apply by 30 June 2021. 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 $199.
  • Purchase interest rate. The variable interest rate for purchases is 21.49% p.a.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site