Citi Rewards Signature Credit Card

Last updated:  

Earn 120,000 bonus reward Points and save $196 with a discounted first year annual fee on the Citi Rewards Signature.

The Citi Rewards Signature offers 120,000 bonus points when you meet the spend requirement, two airport lounge passes per year and access to the Citibank Dining Program.

120,000

Bonus points

20.99% p.a.

Purchase rate

1

Reward point

Per $ spent (Visa/Mastercard)

$199 p.a.

Annual fee

for the first year ($395 p.a. thereafter)

Details

Product NameCiti Rewards Signature Credit Card
Rewards ProgramCiti Rewards Program
Balance Transfer Rate0% p.a. for 15 months with 1% balance transfer fee
Balance Transfer Revert RateCash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate20.99% p.a.
Annual Fee$199 for the first year ($395 thereafter)
Interest Free Period55 days
Cash Advance Rate21.74% p.a.
Minimum Credit Limit$15,000
Maximum Credit Limit$100,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Receive 120,000 you apply by 31 January 2020 and spend at least $4,000 within the first 90 days.
  • Pay a discounted annual fee of $199 in the first year.
  • You get both complimentary transit accident insurance and complimentary travel insurance with this card.

Cons

  • The standard annual fee of $395 is relatively high
  • The earn rates are different across 4 categories
Rewards ProgramCiti Rewards Program
Bonus Points120,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)1
Annual Fee$199 for the first year ($395 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 Fee5%
Additional Cardholder Fee$0
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 Signature credit card offers one of the biggest bonus points promotions on the market. To give you an idea of your rewards, you can exchange 2.5 Citi rewards for 1 Velocity Point and would get 48,000 frequent flyer points from your 120,000 bonus Citi Rewards. You could also exchange them for $550 in retail gift cards from the Citi rewards store.

How to apply

You can apply for the Citi Signature Rewards credit card online in 15 minutes and should receive a response within 60 seconds. Before you get started, make sure to check the eligibility requirements and organise the necessary information to complete the application.

Eligibility criteria

  • New cardholder. The bonus points offer is only available to new Citi customers
  • Minimum income. Applicants must earn a minimum of $75,000 per year.

Card benefits

  • 120,000 bonus reward Points. Boost your points balance with 120,000 reward Points when you apply by 31 January 2020 and spend $4,000 on eligible purchases within the first 90 days from card approval.
  • Annual fee discount. Apply by 31 January 2020 and save with a reduced $199 annual fee in the first year ($395 p.a. applies thereafter).

Rates & fees

  • Annual fee. Outside of any promotions, the Citi Rewards Signature credit card charges a standard annual fee of $395.
  • Interest rates. The purchase rate on this card is 20.99% p.a., while the cash advance rate is 21.74% p.a. (variable). Please note that the interest rates on Citi credit cards is due to change 1 October 2019. Check out our full guide to the changes.

Ask an expert

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

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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.

70 Comments

  1. Default Gravatar
    Gary
    January 9, 2019

    What is the conversion rate if I would like to convert the Citi rewards point to Kris Flyer?

    • AvatarStaff
      Jhez
      January 11, 2019

      Hello Gary,

      Thank you for your comment.

      The conversion is 1 Citi Mile to 1 KrisFlyer Mile (or 5 Citi Points to 2 KrisFlyer Miles).

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  2. Default Gravatar
    Robert
    June 18, 2017

    How many Qantas points do I get for each Citi Reward Point? Do the rewards points change per $ spent after 30 June 17? Is there an international transaction fee for overseas purchases? I already have a Citibank Visa debit card – does this effect me in any way?

    • Default Gravatar
      Jonathan
      June 18, 2017

      Hi Robert!

      Your existing Citi Reward Points cannot be converted to Qantas. Qantas Points are earned in accordance with the Citibank Qantas Rewards Program and you need to contact them to switch you over.

      Qantas point per dollar is:
      1.5 point for all eligible International Spend;
      1.5 point for selected domestic purchases made and booked directly from a range of major: restaurants and restaurant chains, hotel chains and airlines (flights only);
      1 point for selected domestic purchases made at major: petrol outlets, supermarkets and national retailers;
      0.5 point everywhere else on domestic eligible transactions

      As for the changes this year, we have compiled them for your guidance.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    Lorraine
    October 5, 2016

    We are planning a 5 day (round trip) cruise from Fremantle WA and have paid for it on our Citibank signature card. Are we covered for complimentary travel insurance?

    • AvatarStaff
      May
      October 6, 2016

      Hi Lorraine,

      Thank you for your question.

      Just to confirm, are you travelling outside Australia? If so, with your Citi Signature Rewards Credit Card you are covered for international travel insurance at no cost to you. You can find more details about the complimentary travel insurance attached to your Citi Signature Rewards Credit Card on this page.

      Hope this has helped.

      Cheers,
      May

  4. Default Gravatar
    Bernard
    August 17, 2016

    I am currently a citibank rewards cardholder – Can I apply for the signature card?

    • Default Gravatar
      Chester
      August 17, 2016

      Hello Bernard,

      Thanks for your question.

      Yes you may as long as you meet the specific criteria set by the credit card issuer. Please note that you must have an annual income of $75,000 and your credit rating must be in good standing.

      Required documents are:

      Required documents

      Required 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.

      You may also feel free to contact Citibank for more info.

      I hope this helps

      Cheers!
      Chester

  5. Default Gravatar
    Trudy
    August 9, 2016

    Can the points be used for airlines affiliated with Qantas such as Emirates?

    • Default Gravatar
      Ron
      October 6, 2016

      Why does the Qantas signature Card program Cost an extra $49 to sign up to (is this payable if you are already a Qantas FF member). Also if the conversion rate for the Citi Signature card to Qantas FF is 1:1, why is the bonus point sign on to Citi Qantas signature Card only 50,000 points instead of the 75,000 for the Citi Signature Rewards Credit Card.

    • AvatarStaff
      May
      November 4, 2016

      Hi Ron,

      Thank you for your question.

      Just to confirm though that the Citi Qantas Signature Credit Card is different from the Citi Signature Rewards Credit Card so the rewards system and features of the two also vary.

      With Citi Qantas Signature Credit Card, you really have to pay an additional annual fee of $49 to opt-in to the Citi Qantas Rewards program.

      Once you opt-in to the Qantas Rewards Program, you will earn 1 Qantas point for every $1 spent on eligible purchases. Furthermore, the bonus points for Citi Qantas Signature Credit Card is only 50,000 bonus points, the 75,000 bonus points are only applicable to the Citi Signature Rewards Credit Card, not to the Citi Qantas Signature Credit Card.

      Hope this has answered your question.

      Cheers,
      May

    • AvatarStaff
      May
      August 9, 2016

      Hi Trudy,

      Thanks for your inquiry.

      Yes, Emirates airlines is a partner of Qantas and you can redeem for flights with Emirates using your Qantas points.

      Cheers,
      May

  6. Default Gravatar
    Prof. Parvis
    May 31, 2016

    If I transfer 75,000 bonus rewards points to Qantas account do I get 75,000 Qantas points or half of it?

    • AvatarStaff
      May
      May 31, 2016

      Hi Prof. Parvis,

      Thanks for your inquiry.

      In the Citi rewards T&Cs, it states that with Citi Signature Rewards Credit Card:

      – If you have enrolled in Citi Qantas Rewards (not in Citi Rewards), when Points are redeemed for Qantas Frequent Flyer Points they will be redeemed at a rate of 1 Point for 1 Qantas Frequent Flyer Point.

      – It may take 28 business days for the Qantas Frequent Flyer Points to appear in your Qantas Frequent Flyer membership account.

      Please also note that you may only participate in either Citi Rewards or Citi Qantas Rewards at any one time, and not both at the same time. Unless you notify Citibank by either by calling them or selecting that you wish to participate in Citi Qantas Rewards on your Credit Card Application form, they will assume you wish to participate in the Citi Rewards.

      I have forwarded to your email the Citi Rewards T&Cs for your reference.

      I hope this helps and answers your question.

      Cheers,
      May

  7. Default Gravatar
    Mohamed
    May 10, 2016

    I would like to ask about the reward points, If I have only 1 credit card for myself with enough points to redeem airline tickets for my family (4 tickets) is that possible or only the ticket must be for the card holder only?

    • AvatarStaff
      May
      May 10, 2016

      Hi Mohamed,

      Thanks for your question.

      Yes, it is possible to redeem a “reward flight” for your eligible family members using your Qantas points. You will be required to provide Membership details prior to obtaining a Reward Flight. Your eligible family members may use the Reward Flight whether you travel with them or not. For more information, please refer to the Qantas frequent flyer terms and conditions I’ve sent to your email.

      I hope this helps.

      Cheers,
      May

  8. Default Gravatar
    Alice
    May 2, 2016

    Hi,

    Receive 75,000 bonus reward points on the Citi Rewards Credit Card – Signature Card, are these Qantas Frequent Fly points? If not, can they be transferred to my Qantas frequent fly account?

    Thanks.

    • AvatarStaff
      May
      May 3, 2016

      Hi Alice,

      Thanks for your question.

      The points you’ll get from Citi Signature Rewards Credit Card are not frequent flyer points. But these points can be transferred to your Qantas FF account. For your convenience, I’ve forwarded to your email the link where you can find the process on how you can transfer your points to Qantas.

      I hope this has helped.

      Cheers,
      May

  9. Default Gravatar
    Tosh
    April 29, 2016

    Hi,

    The rate is advertised at 1.5 points per dollar spent. Does that transfer over to Qantas rewards at the same rate? Also, can you get anything back on utilities?

    Thanks.

    • AvatarStaff
      May
      May 4, 2016

      Hi Tosh,

      Thanks for your question.

      The conversion rate of your Citi Signature Rewards points is 1 Qantas point per $1 spent on eligible domestic purchases up to $3,000 per statement period, and then 0.5 Qantas points per $1 spent up to $10,000 per statement period. Also, you will get 1 Qantas point per $1 spent on eligible international purchases.

      Meantime, with Citi Signature Rewards card, you can get points on paying for your utilities.

      I hope this has answered your question.

      Cheers,
      May

  10. Default Gravatar
    Ben
    March 16, 2016

    Hi, you mention in the rewards program section “Choose cashback, vouchers or merchandise through the Citibank rewards program, or save points for flights by signing up with the Qantas Frequent Flyer program.” Does this mean you can use this card to earn qantas frequent flyer points directly rather than earning citi rewards?
    Thanks.

    • AvatarStaff
      Jonathan
      March 17, 2016

      Hi Ben, thanks for your inquiry!

      The Citi Signature only earns Citi Rewards Points with the option of earning Qantas Frequent Flyer discounts. Citi offers the Qantas Signature credit card for bonus points and Qantas Points per dollar spent.

      Cheers,

      Jonathan

    • Default Gravatar
      Ben
      March 17, 2016

      Thanks Jonathan, appreciate your reply. I’m still unsure what you mean by “with the option of earning Qantas Frequent Flyer discounts”. What are these discounts? I have the Citi Signature Reward card, it seems I can transfer/purchase Velocity points but not QFF points.

    • AvatarStaff
      Jonathan
      March 17, 2016

      Hi Ben, thanks for your inquiry!

      You can only earn/ redeem QFF points/ rewards if you enrol into the Citi Qantas Rewards program with your Citi Signature Rewards credit card. You can opt into this program by contacting Citi directly on 1800 818 008. It is also important to note you must be a member of the Qantas Frequent Flyer program before you can earn or redeem Qantas Frequent Flyer points.

      Cheers,

      Jonathan

Ask a question
Go to site