Citi Rewards Signature Credit Card – Details and Application

Information verified correct on December 5th, 2016
Citi Rewards Credit Card - Signature Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

Receive up to 75,000 bonus Reward Points and a discounted annual fee of $199 in the first year.

Enjoy a half price annual fee, 1.5 Citi Reward Points per dollar spent on eligible purchases, a 0% p.a. balance transfer promotion for 6 months and a host of complimentary insurances. Read on to discover how you can access the bonus points and take advantage of the features of this Citi credit card.

Product NameCiti Rewards Credit Card - Signature
Rewards ProgramCitibank Rewards Program
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.99% p.a.
Offer end date30 April 2017
Annual fee$199 p.a. annual fee for the first year ($395 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$15,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Minimum Monthly Repayment2% or $30 (whichever is greater)
Minimum Income$75,000
Card TypeVisa
Late Payment Fee$10
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$15,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Annual Fee$199 p.a. annual fee for the first year ($395 p.a. thereafter)
Minimum Repayment2% or $30 (whichever is greater)
Late Payment Fee$10
Over Limit Fee$0
Cash Advance Fee3.5% of transaction amount
Overseas Cash Advance Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • You can earn 1.5 Reward Points per $1 spent which is more than the average 1 : 1 ratio which is standard across the market.
  • Receive 75,000 bonus Reward Points
  • You get both complimentary transit accident insurance and complimentary travel insurance with this card.

Cons

  • A high annual fee of $395 ($199 for the first year) means you will have to use this card at every opportunity to make the rewards scheme cover the cost of the annual fee.
  • There is a relatively high interest rate of 20.99% p.a. on purchases. Make sure you pay your account in full every month to take advantage of the interest-free days on purchases.
Rewards ProgramCitibank Rewards Program
Bonus Points on Sign-up75,000
Rewards Points per $ (VISA/MC)1.5
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap30,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Citi Rewards Signature Credit Card review

Earn 1.5 Reward Points per dollar spent on eligible purchases (up to $20,000 per statement period). You can also save on standard card costs with a reduced annual fee of $199 for the first year ($395 p.a. thereafter), a 0% p.a. balance transfer offer for 6 months and a variety of complimentary insurances.

Benefits of the Citi Signature Credit Card

  • Reduced annual fee. You can save on regular card costs with a reduced annual fee of $199 for the first year. This will revert to the standard annual fee of $395 thereafter.
  • Rewards program. You can continue collecting points beyond the bonus points offer, earning 1.5 points per dollar spent on eligible domestic purchases (up to $20,000 per statement period).
  • Complimentary insurances. You'll receive access to complimentary insurances such as International Travel Insurance and Interstate Flight Inconvenience Insurance. Check the complimentary insurance policy document to confirm what's included in the cover and whether you're eligible.
  • 0% p.a. balance transfer offer. You can take advantage a 0% p.a. balance transfer offer for the first 6 months, helping you save on interest and repay your debts faster.

Features of the Citi Signature Credit Card

  • Interest rate. This card has a standard purchase rate of 20.99% p.a.
  • Interest-free days. If you pay your balance in full before the end of the statement period, you can take advantage of up to 55 interest-free days.
  • Credit limit. Depending on your income and credit history, you could be approved for a credit limit between $15,000 and $100,000.
  • Additional card. You can manage your family or employee expenses under one account with up to 4 additional cardholders for free.
  • Visa acceptance. As a Visa card, you can use your Citi Signature card in millions of locations around the world.

How to apply for the Citi Signature Credit Card

If you have compared your options and decided that this card is for you, you can apply online using the "Go to Site" button on this page. It will take around 15 minutes to complete your application, but make sure you've met the eligibility requirements and collected the necessary documents before you apply:

Eligibility requirements

  • Age. You must be at least 18 years old.
  • Income. This card requires that you have a minimum annual income of $75,000.
  • Residency. Only applications from permanent Australian residents will be accepted.
  • Credit rating. Your credit rating must be in good standing.

Necessary documents

  • Personal information. Your name, age, address and contact details will be necessary to complete the application.
  • Employment. Have your employer’s contact information ready.
  • Income. Using tax forms or your current pay slips, you will need to disclose your current income.
  • Proof of identity. Identifying documents include an Australian driver’s licence, passport, Medicare card or birth certificate.
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Rates last updated December 5th, 2016
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