Citi Rewards credit card

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Get up to 120,000 bonus Citi rewards Points and save $100 with a $49 annual fee for the first year.

The Citi Rewards Card offers rewards and introductory perks for new customers. Plus, complimentary international travel insurance and access to the Citibank Dining Program.

0% p.a.

Balance transfer rate

for 15 months with 1% balance transfer fee


Bonus points

21.49% p.a.

Purchase rate


Reward point

Per $ spent (Visa/Mastercard)


Product NameCiti Rewards Card
Rewards ProgramCiti Rewards Program
Balance transfer rate0% p.a. for 15 months with 1% balance transfer fee
Balance Transfer Revert RateCash Advance Rate (22.24% p.a.)
Balance Transfer Limit80% of available balance
Purchase rate (p.a.)21.49% p.a.
Annual fee$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Interest Free Period55 days
Cash advance rate (p.a.)22.24% p.a.
Min credit limit$6,000
Max credit limit$100,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo


  • 80,000 bonus rewards Points when you spend $3,000 or more in the first 90 days and 40,000 bonus points when you pay the second year’s annual fee
  • Reduced annual fee of $49 for the first year
  • Complimentary travel and purchase insurance


  • Spend requirement is staggered
  • 3.4% of transaction value currency conversion fee applies to purchases in foreign currencies
  • $90 additional cardholder fee
Rewards ProgramCiti Rewards Program
Bonus Points120,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)1
Rewards Points per $ Cap (Visa/Mastercard)10,000
Annual fee$49 p.a. 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 Fee (Visa/Mastercard)3.4% of transaction value
Cash Advance Fee3.5% or $3.50, whichever is greater
Overseas Cash Advance Fee$5
Additional Cardholder Fee$90
Number of Additional Cardholders4

Expert review

Sally McMullen

Review by

Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The Citi Rewards credit card is a rare example of a platinum rewards card with a relatively low annual fee. It offers a good amount of bonus points, which you can redeem for a variety of rewards. To give you an idea, you could exchange your 120,000 rewards Points for $550 worth of David Jones gift vouchers or 48,000 Velocity Points.

How to apply

You can apply for the Citi Rewards credit card online. The application should only take 15 minutes to complete and Citi will contact you to verify the status of your application within moments of submitting the online form. Just make sure you've met the eligibility requirements and prepared the necessary information before you apply:

Eligibility criteria

  • Income. You must earn more than $35,000 p.a.
  • Residency. You must be a citizen or permanent resident of Australia.

Card benefits

  • Up to 120,000 bonus Citi rewards Points. When you apply by 31 January 2020 and spend $3,000 or more on eligible transactions in the first 90 days from card approval, you will receive 80,000 bonus Citi rewards Points. On top of that, you'll collect an additional 40,000 bonus points when you pay the second year's annual fee. Points can be redeemed for a wide range of rewards through the Citi Rewards Program, including travel, merchandise, cashback and frequent flyer points through Velocity, Skywards, KrisFlyer and more.
  • Annual fee discount. Apply by 31 January 2020 and save $100 with a reduced $49 annual fee for the first year ($149 p.a. applies thereafter).

Rates & fees

  • Annual fee. Outside of any promotions, the Citi Rewards credit card charges a standard annual fee of $149.
  • Purchase rate. This card has a variable purchase rate of 21.49% p.a.

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  1. Default Gravatar
    August 21, 2019

    Can you link these points to a Quantas rewards card

    • Avatarfinder Customer Care
      August 22, 2019

      Hi Julie,

      Thanks for contacting Finder.

      I’m afraid you cannot but you can transfer your Citi Rewards points to frequent flyer points with Emirates Skywards, Singapore Airlines KrisFlyer or Velocity Frequent Flyer. On the other hand, if you’re a Qantas Frequent Flyer member, you have the option of earning Qantas Points on a Citi Signature or Prestige credit card by opting in to Citi Qantas Rewards. Note that the earn rates are different when you’ve opted in to Citi Qantas Rewards compared to those of Citi Rewards credit cards.

      I hope that helps,

      Kind Regards,

  2. Default Gravatar
    July 29, 2018

    Do you provide direct debit to automatically pay balances due?

    Is an allocated pension an acceptable income?

    • Avatarfinder Customer Care
      July 29, 2018

      Hi John,

      Thank you for getting in touch with finder.

      If you wish to set up a direct debit on your Citi Platinum credit card account to assure that your balance is fully paid on time, you may do that by calling Citi’s help centre.

      Please note that the minimum income requirement is at $35,000. Now, in regards to your income enquiry, YES, allocated pension is acceptable. For retirees or self-fund retirees, please supply any one of the following options:

      – A letter from Centrelink showing applicant’s name and the Permanent Government Pension amount, or
      – Three most recent bank statements showing applicant’s regular Centrelink payments, or
      – The annual superannuation statement which includes an indexed pension amount, or
      – One most recent Self-managed Superannuation Tax Return less than 15 months old

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  3. Default Gravatar
    June 26, 2018

    I have had a Citibank card in the past. I am thinking of doing a balance transfer of about $9,000 from two other cards. What interest rate would I get? and also as I have had a Citibank card before would I still be eligible for the free 100,000 Qantas frequent flyer points. Please look into this and give me the correct answer.

    • Default Gravatar
      June 26, 2018

      Hi Ranko,

      Thanks for your inquiry

      The promo is available only to new card customers and cannot be used in conjunction with any other offer. If you already had the Citibank Platinum Credit Card before, you may not be eligible for the current promo. But if you previously held a different Citibank Credit Card, you can apply for the Citibank Platinum Credit Card and receive the bonus points as long as you meet the spending requirements.

      Citi offers credit card balance transfer options that can help you consolidate your existing debts, including credit card balances and personal loans. In fact, Citi is one of the only Australian credit card providers that allows you to balance transfer personal loan debt to a credit card. For more information, here is a step-by-step guide to balance transfers with Citi.

      Hope this information helps


  4. Default Gravatar
    April 2, 2018

    Hi, can you please give some example of how much 100k bonus point can redeem or in $ value? supermarket gift card? travel voucher, or statement credit? Thanks.

    • Avatarfinder Customer Care
      April 2, 2018

      Hi CW,

      Thank you for getting in touch with finder.
      Earn points for your credit card spending and redeem them for travel, shopping and gift cards through the Citi Rewards program, for example, to get an Accor Hotels gift card of $100 you need 20,900 points. You can transfer your Citi Rewards points to frequent flyer points with Emirates Skywards, Singapore Airlines KrisFlyer or Velocity Frequent Flyer. The amount of Citi Rewards points you’ll need per frequent flyer point and the minimum transfer requirements can vary from card to card, so you’ll need to log in to your account and go to to get the most accurate details. You can use your Citi Rewards points at any time by logging in to your Citibank Online account and clicking the “Rewards” button at the top of the page. From there, you’ll be able to see your point balance, browse rewards and follow the prompts to make a redemption.

      I hope this helps.

      Have a great day!


  5. Default Gravatar
    April 1, 2018

    Hi Sal,

    Thanks for leaving question on finder.

    Unfortunately, this card is not available to temporary residents. We have a comparison of credit cards for temporary residents here so you can weigh your options.


  6. Default Gravatar
    March 10, 2018

    Just want to ask. I see some credit card offers that says I can get bonus points but I have to spend $3000 within 1st 3 months of approval of the card. If I do a balance transfer from another card that is $3000 or more, would that satisfy the term of spending $3000?

    • Avatarfinder Customer Care
      March 16, 2018

      Hello Fabiola,

      Bonus points can be earned when you spend on eligible transactions only. Eligible Transaction is defined in the Rewards Program Terms and Conditions of Citibank and means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, government related transactions and all other transactions set out within the definition.

      Balance transfers are excluded from eligible transactions and therefore will not earn you points.

      Hope this helps!

      All the best,

  7. Default Gravatar
    March 5, 2018

    100,000 bonus points is this available to transfer to Qantas frequent flyer points if minimum spend requirement is met?

    • Default Gravatar
      March 6, 2018

      Hi Mary,

      Thanks for visiting finder.

      I’m afraid you cannot transfer the bonus Citi reward points to Qantas frequent flyer points. You can only convert them to frequent flyer program points mentioned above.

      However if you wish to earn Qantas frequent flyer points going forward, you can switch from Citi Rewards to Citi Qantas Rewards. You have to note though, that any points you’ve collected on your Citi Rewards will be lost during the transition. You can refer to this guide to know how this reward program works.

      Feel free to message us anytime if you have further questions.


  8. Default Gravatar
    February 19, 2018

    Hi Can I balance transfer a personal loan to this card? Also if I spend $3000 and pay it back within 55 days I will pay no interest and earn 100k points?

    • Avatarfinder Customer Care
      March 8, 2018

      Hi Trent, you can balance transfer a personal loan to this card.

      If you have an outstanding balance i.e. from your balance transfer, any purchases you make will incur interest. To not incur any interest on purchases, you’d need to pay off your balance transfer debt first. The spend of $3,000 would qualify you for the 100k points.



  9. Default Gravatar
    February 19, 2018

    what is the extra cardholder fee?

    • Avatarfinder Customer Care
      March 12, 2018

      Hi Barbara, thanks for your inquiry!

      The additional cardholder fee for this card is $90.



  10. Default Gravatar
    November 20, 2017

    Is there an exit fee or a time frame without penalties?

    • Avatarfinder Customer Care
      November 21, 2017

      Hi Antonietta,

      Thanks for inquiry. Please note that we are not affiliated with Citi or any company we feature on our site and so we can only offer you general advice.

      There are no exit/termination fees for the Citi Platinum Credit Card. You may click on the ‘Fees & Repayments’ tab on this page to view all the fees applied for this card.

      You may inquire with CIti directly to confirm info.


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