Citi Qantas Signature Credit Card – Details and Application

Information verified correct on December 9th, 2016
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Receive 50,000 bonus Qantas Points when you meet the spending requirements and enjoy a reduced annual fee for the first year with the Citi Qantas Signature Credit Card.

The Citi Qantas Signature Credit Card is a premium frequent flyer product that offers 50,000 bonus Qantas Points when you spend $2,000 or more within the first 90 days from card approval. You can also enjoy a reduced annual fee of $199 for the first year ($395 p.a. thereafter) and on balance transfers for the first months. To be eligible for these benefits, you need to apply and be approved for the Citi Qantas Signature Credit Card before 30 April 2017.

Product NameCiti Qantas Signature Credit Card
Rewards ProgramQantas Frequent Flyer
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.
3.3% 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 or $3.50
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.
3.3% 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

  • Enjoy a reduced annual fee of $199 in the first year.
  • You can earn up to 50,000 bonus Qantas Points when you meet the minimum spend requirement.
  • You can earn 1 Qantas Point per $1 spent on purchases.
  • Get supplementary cards of up to 4 for free.
  • You get both complimentary transit accident insurance and complimentary travel insurance with this card.

Cons

  • There is 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 ProgramQantas Frequent Flyer
Bonus Points on Sign-up50,000
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap10,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Citi Qantas Signature Credit Card review

This high-tier frequent flyer credit card earns 1 Qantas Point for every $1 spent on eligible domestic purchases up to $3,000 per statement period, then 0.5 Qantas Points per $1 (capped at $10,000 per statement period). For international spending, it earns 1 Qantas Point per $1 spent uncapped. Plus you can boost your Qantas Points balance with the bonus 50,000 Qantas Points offer available for new cardholders. Note that there is an additional annual fee of $49 to opt-in to the Citi Qantas Rewards program.

In addition to earning rewards for your everyday spending, the Citi Qantas Signature provides a host of premium perks, including complimentary international travel insurance, airport lounge access and a personal concierge service. It also offers up to 55 days interest-free and a high credit limit of up to $100,000 (subject to lending criteria and approval).

Benefits of the Citi Qantas Signature Credit Card

  • 50,000 bonus Qantas Points. Boost your Qantas Points balance with 50,000 bonus Qantas Points when you apply for the Citi Qantas Signature Credit Card before 30 April 2017 and spend $2,000 within 90 days from card approval. It is important to note in order to receive bonus Qantas Points you must have an active Qantas Frequent Flyer membership.
  • balance transfer offer. Enjoy interest on existing debt for months when you request a balance transfer at the time of your application. Note that the balance transfer request will be subject to lending criteria and approval.
  • Qantas Points for everyday spending. This credit card gives you the chance to earn up to Qantas Point per $1 spent on eligible purchases when you opt-in to the Citi Qantas Rewards Program. Note that this rewards program has an annual fee of $49 per membership year, and requires you to have an active Qantas Frequent Flyer membership.
  • International travel insurance. This card offers complimentary international travel insurance when you use your Citi Qantas Signature Credit Card to purchase your return overseas travel tickets. Your spouse and/or dependent children can also be included on your cover when they meet the eligibility requirements.
  • Purchase insurances. This card offers purchase protection insurance to cover the cost of loss, theft or damage, as well as extended warranty insurance for eligible purchases made with the Citi Qantas Signature.
  • Guaranteed pricing scheme. If you purchase something on your card and then find the same item at a lower price elsewhere, you could get a refund for the difference in price through this service.
  • Citibank Dining Program. Get a free bottle of award-winning wine when you dine out at a Citibank partner restaurant and pay with your Citi Qantas Signature Credit Card.
  • Complimentary Priority Pass Membership and two airport lounge visits per year. This card offers complimentary Priority Pass standard membership, with two airport lounge visits per year. Priority Pass gives you access to over 850 airport lounges worldwide and is available in Australia at Cairns International Airport.

Citi Qantas Signature Credit Card features

  • Annual fee. The Citi Qantas Signature Credit Card offers a reduced annual fee of $199 for the first year, $395 thereafter.
  • Interest rates. This card has a standard variable purchase rate of and a standard variable cash advance rate of
  • Interest-free days on purchases. Get up to 55 days interest-free on purchases if you pay your balance in full by the due date on each statement. Note that interest-free days do not apply if you’re carrying a balance from a balance transfer.
  • Platinum privileges. Access to Citibank World Privileges, a 24/7 concierge service and exclusive discounts and offers through Visa Premium.
  • Visa payWave. For purchases $100 and less you can tap and go without needing to enter a PIN.
  • Samsung Pay. This card is eligible for Samsung Pay, which allows you to make credit card payments using a compatible Samsung Phone. Learn more here.
  • Fraud protection. This card offers Fraudshield account monitoring, 24/7 customer service and a zero liability policy against fraudulent transactions.

How to apply for the Citi Qantas Signature Credit Card

Applying for the Citi Qantas Signature is simple and takes just 10-15 minutes online. Before you apply, make sure you meet the eligibility criteria for this card and have the following details and documents handy.

Eligibility criteria

  • You must be over 18 years of age
  • You must  have a good credit rating
  • You must earn more than $75,000 p.a.
  • You must be a permanent Australian resident or citizen

Required documents

  • Personal details. This includes your full name, marital status, date of birth and driver’s licence number. You'll also need to provide your residential address, email address and phone number.
  • Employment details. This includes details of the industry you work in, as well as your employment status and your employer's details.
  • Financial details. The application requires you to provide details of your personal income and expenses. This including your total gross salary, other income or investments (such as shares or savings), as well as details of existing debts and ongoing expenses such as bills and groceries.

Once you complete the application, Citibank will be in touch on the email you provided in the application to let you know whether you’ve been approved, conditionally approved or declined for the card.

The Citi Qantas Signature Credit Card is a premium Visa option that offers a competitive earn rate and a range of other complimentary extras. However, it's important to consider the costs of this card, such as the standard annual fee and interest rates, so that you can decide if this card will be affordable based on your circumstances and needs.

Frequently asked questions

How can I make sure I am eligible for this bonus points offer?

To be eligible for the 50,000 bonus Qantas Points, you must apply before 30 April 2017 and make an eligible purchase of $2,000 within 90 days from card approval.

Bonus points are credited to the Frequent Flyer account 6-8 weeks after meeting the spend eligibility/ criteria. Qantas Frequent Flyer membership is required to earn and redeem Qantas Points.

What are eligible purchases?

Points are earned when the Citi Qantas Signature Rewards Credit Card is used to make an "eligible purchase". This definition covers most standard transactions, such as grocery shopping, fuel and other retail purchases. You will not earn points on the following transactions:

  • Cash Advances, balance transfers, special promotions, fees, purchases of foreign currency and travellers cheques, foreign exchange and ATM/bank charges, interest charges, finance charges, government charges and payments to the Australian Taxation Office.
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207 Responses to Citi Qantas Signature Credit Card – Details and Application

  1. Default Gravatar
    Jess | November 23, 2016

    I just want to confirm my third party car insurance will not count towards bonus points spend?
    Do water corporation bills count paid by direct debit from the credit card?

    • Staff
      May | November 28, 2016

      Hi Jess,

      Thanks for your question.

      Yes, payments to insurance are not considered as eligible purchases so you cannot earn points for that transaction. Corporation water bills through direct debit, on the other hand, may be considered as eligible purchases, so you can earn points on this.

      Cheers,
      May

  2. Default Gravatar
    Brewster | November 9, 2016

    I got issued with a supplementary card through my partner but I noticed that the account number is different to her. Do I need to give my Qantas Frequent Flyer to get the points associated with the expenditure or all the points will go to her QFF program.

    Thanks!

    • Staff
      Jason | November 9, 2016

      Hi Brewster,

      Thank you for your inquiry.

      The Qantas Points earned from purchases made by using the supplementary card will go to the Qantas Frequent Flyer account of the primary card holder. It may be possible that you might only have a different card number but it should still be associated with the account of primary card holder since that is a supplementary card.
      Please get in touch with Citibank to verify if the account number of that card is indeed associated with your partner’s account.

      Cheers,
      Jason

  3. Default Gravatar
    | November 8, 2016

    According to details published above, points will not be earned on government charges. Is the renewal of my annual motor vehicle registration licence classified as a ‘government charge?’

    • Staff
      May | November 8, 2016

      Hi Cambo,

      Thank you for your inquiry.

      Unfortunately, yes, payments for renewal of annual motor vehicle registration licence are considered as ‘government charges’ so you won’t earn points for this.

      Cheers,
      May

  4. Default Gravatar
    Betty | October 31, 2016

    With Citi Qantas Signature credit card Platinum, about the usage for travel insurance cover. Is there an age cut off for the cover and is there coverage provided for existing health conditions?

    • Staff
      Jason | November 1, 2016

      Hi Betty.

      Thank you for your inquiry.

      There was no age limit expressed in the credit card insurance terms and conditions and the complimentary international travel insurance does not automatically cover pre-existing medical conditions but you can apply for additional coverage relating to a pre-existing medical condition by calling Allianz Global Assistance on 1800 072 791. Please get in touch with Allianz to confirm your eligibility before you travel.

      Cheers,
      Jason

  5. Default Gravatar
    Christine | September 30, 2016

    Would a dentist bill be considered a retail purchase?

    • Staff
      May | October 6, 2016

      Hi Christine,

      Thanks for your question.

      If your dentist charges their service as a “purchase,” then that will be considered as a “retail purchase”.

      Cheers,
      May

  6. Default Gravatar
    lisa | September 26, 2016

    i use to have a credit card but now am a sup card holder
    am i eligible for this offer?

    • Staff
      May | September 27, 2016

      Hi Lisa,

      Thank you for your inquiry.

      If you have an income of more than $75,000 p.a. you are eligible to apply. You can present your proof of income source to Citibank and they will assess them before they will approve your application to be eligible for the current offer (conditions also apply). All other eligibility requirements (outlined above) should also be met.

      Cheers,
      May

  7. Default Gravatar
    | September 25, 2016

    Are you obligated to stay for a 2nd yr with the card or can you cancel at the end of the first year?

    You wouldn’t lose the 75K points after cancelling the card would you?

    Cheers,
    Tim

    • Staff
      Debbie | September 26, 2016

      Hi Tim,

      Thanks for your question.

      Yes, you can close your card at the end of the first year as long as you pay the entire balance before your last payment due date. Once the bonus Qantas Points is credited to your Qantas Frequent Flyer account, it cannot be reversed or removed even if you cancelled your credit card.

      You may wish to check our guide for the steps on how to cancel a credit card.

      I hope this has been helpful.

      Cheers,
      Debbie

  8. Default Gravatar
    | September 25, 2016

    I have a Citibank savings and debit card but have never had a credit card with Citibank.

    Would I still be classed as a new member and be eligible for the 70,000 bonus points?

    Cheers,
    Tim

    • Staff
      May | September 26, 2016

      Hi Tim,

      Thank you for your inquiry.

      Yes, you will still be considered as a “new member” so long you have not held any Citibank credit card before. Provided you also have met the eligibility requirements of the card (Citi Qantas Signature Credit Card or Citi Prestige Credit Card) and have applied by 30 September 2016 and spend on your card within 90 days from card approval, you will be eligible for the 70,000 bonus Qantas points.

      Cheers,
      May

  9. Default Gravatar
    | September 20, 2016

    Hi, just wondering if professional membership fees are included in $3k spend for the bonus points? They aren’t paid via BPAY.

    • Staff
      Debbie | September 21, 2016

      Hi Rhys,

      Thanks for your inquiry.

      Unfortunately, any form of fees are excluded on eligible purchases to earn bonus points. You may want to check our complete guide on how to quickly earn more Qantas Points on your purchases.

      I hope this helps.

      Cheers,
      Debbie

  10. Staff
    Debbie | September 20, 2016

    Hi DV,

    Thank you for your question.

    You may still be eligible for the bonus points however your application may need to undergo the verification process with Citibank. Existing cardholders should have a good standing and card should be active for more than 9 months to apply.

    You may wish to compare Citi Qantas Signature with other frequent flyer credit cards with Qantas bonus points.

    I hope this helps.

    Cheers,
    Debbie

Credit Cards Comparison

Rates last updated December 9th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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