Citi Rewards Card – Velocity Points Offer

Offers up to 150,000 bonus Velocity Points, but you'll need to keep the card for at least a year to get them all.

When you apply for the Citi Rewards Card by 31 January 2022 and spend $3,000 in the first 90 days from card approval, you'll get 80,000 bonus Velocity Points. If you keep your account open for over 12 months, you'll also receive 70,000 bonus Velocity points on your account. Even though this offer gives you bonus Velocity Points, the Citi Rewards Card actually earns 1 Citi reward Point per $1 spent, which can be converted to Velocity Points at a rate of 2.5 to 1.


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)

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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 typeMastercard
Foreign currency conversion fee3.4%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo


  • Up to 150,000 bonus Velocity Points
  • Reduced annual fee of $99 for the first year ($199 p.a. thereafter)
  • 0% on balance transfers for 15 ​months


  • 3.4% currency conversion fee applies to purchases in foreign currencies
  • $90 additional cardholder fee
Rewards programCiti Rewards Program
Bonus points150,000
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 two return business class flights from Brisbane to Perth (142,000 Velocity Points, plus fees and taxes). If you want to save up points for a future trip overseas, they’d also get you a return flight from Sydney to Los Angeles in premium economy (from 143,400 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

  • Up to 150,000 bonus Velocity Points. Apply for the Citi Rewards card by 31 January 2022 and spend $3,000 on eligible purchases in the first 90 days from card approval and you'll earn 80,000 bonus Velocity Points. Within 8 weeks of meeting the spend requirement, Citi will contact you by email and ask for your Velocity membership number. The Velocity Points will then be credited to your Velocity account within 10 weeks from when Citi receives your Velocity membership number. If you keep the account open for over 12 months, the remaining 70,000 bonus Velocity Points, will be added to your account within 12 weeks of the anniversary of your account activation. Note that you need to provide your Velocity Frequent Flyer number to earn any bonus Velocity Points, and must provide it within 14 weeks of Citi requesting it.
  • Annual fee discount. Get a reduced $99 annual fee for the first year when you apply and get approved for this card by 31 January 2022. After the first year, the annual fee is $199.

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.

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