Citi Signature Rewards Credit Card – Rates and Fees

Information verified correct on December 4th, 2016
Citi Rewards Credit Card - Signature Find out more Go to site

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Get a generous helping of points for signing up with the Citibank Signature and get a jumpstart to your rewards dreams

If you use your Signature card within the first three months after approval, you can look forward to receiving up to 75,000 bonus rewards points. Choose from a variety of merchandise and vouchers in the Citibank Rewards program, or sign up for Qantas Rewards and get discounts on flights. Do your credit card comparisons quickly, as the introductory bonus points offer is only valid until 30 April 2017.

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

Citibank Signature credit card review

The Citi Signature is a Visa credit card, allowing you to shop and earn points in the millions of places around the world that Visa is accepted. Apply now and on top of the bonus points you will get a discounted rate on the annual fee and a 0% p.a. interest rate on balance transfers for 6 months. Even if you choose Citi Rewards over Qantas, you still get travel benefits like a Complimentary Priority Pass membership and two passes into an airport lounge every year. Save money too, with complimentary travel insurance for trips inside Australia and abroad. Citibank gives you plenty to think about when you start comparing their Signature card with others.

Benefits of using a Citibank Signature credit card

When it comes to going above and beyond what you find with a typical rewards credit card, the Citi Signature card offers a number of added benefits to think about:

  • Rewards program. Earn 1.5 points for each dollar on purchases made inside of Australia (up to $20,000 per statement period) and also 1.5 points per dollar when you buy items overseas (uncapped). With no points expiration and up to 75,000 bonus points, you can save up your points for something big. Choose cash back, vouchers or merchandise through the Citibank rewards program, or save points for flights by signing up with the Qantas Frequent Flyer program.
  • Complimentary travel insurance. Save with a number of complimentary insurance covers, including International Travel Insurance, Transit Accident Insurance and Interstate Flight Inconvenience.
  • Insurance on purchases. Items bought with your Signature Visa card are also protected by a complimentary Purchase Cover Insurance and Extended Warranty Insurance. Plus, if you come across a purchased item for a smaller price within 60 days of the receipt, the difference is covered so long as it is available at a store within a 25 kilometre radius of where you originally purchased it from.
  • Balance transfers. Transfer up to 80% of your available balance from your other non Citibank credit cards and you will be able to take advantage of no accrued interest for 6 months. At the end of the 6-month period, the interest rate reverts to the cash advance rate of 21.74% p.a.
  • Eligible for Samsung Pay. Sign in to Samsung Pay using your qualifying Samsung device and start making contactless payments every time you shop. Learn more here.
  • Free wine. Every time you enjoy a meal out through the Citibank Dining Program you will be treated to a free glass of wine.

Features of the Citibank Signature Rewards credit card

There are certain features of all credit card offers that will differ from card to card and bank to bank. These should be compared closely to find the card that gives you the best value:

  • Annual fee. The annual fee for the Citi Rewards Signature Card is $199 for the first year, $395 p.a. thereafter.
  • Interest rate. The purchase interest rate is while your balance on cash advances will be charged at 21.74% p.a.
  • Interest-free days. Get up to 55 days without paying interest on your purchases so long as you pay the balance in full for two months in a row.
  • Credit limit. Depending on your income, you could take advantage of a credit limit from $15,000 up to $100,000.
  • Additional card. Give four family members the gift of a Visa charge card for no fee, and let their purchases work towards your rewards.
  • Card type. This is a Visa credit card, giving you the ability to make purchases at millions of retailers around the world including online and over the phone.
  • Additional card holders and access. You can get up to 4 additional cardholders over the age of 16 for no extra cost. You can also access and manage your account online with ease.

How to apply for the Citi Signature Rewards credit card

You can apply easily and securely for the Citi Signature by clicking “Go to Site”. Filling in the application online should take about 15 minutes, but before getting started make sure that you are able to meet the following eligibility requirements:

Eligibility criteria

  • 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.

If you meet these requirements you can make filling out the online application go faster by having the following documentation readily available:

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.

With the Citi Signature Rewards credit card you get the flexibility of choosing the rewards that meet your lifestyle along with money saving features and benefits. This makes it one worth considering as you make your credit card comparisons.

Frequently asked questions

What is transit accident insurance?

If you use the card to cover the cost of a vacation then you, your spouse and dependent children are covered for the treatment of specific injuries while on your trip.

What are not included in the eligible purchases to receive points for purchases?

Cash advances, balance transfers, special promotions, fees, government charges and payments to the Australian Tax Office.

Will my rewards points expire?

No, with this rewards program points do not expire as long as the account remains open.

If I do the balance transfer for zero interest will my monthly payments go towards paying that off?

In order to pay off any balances from a transfer at the promotional rate you will have to first pay off any other balance on the card.
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66 Responses to Citi Signature Rewards Credit Card – Rates and Fees

  1. 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?

    • Staff
      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

  2. Default Gravatar
    Bernard | August 17, 2016

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

    • Staff
      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

  3. 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.

    • Staff
      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

    • Staff
      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

  4. Default Gravatar
    | 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?

    • Staff
      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

  5. 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?

    • Staff
      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

  6. Default Gravatar
    | 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.

    • Staff
      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

  7. 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.

    • Staff
      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

  8. 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.

    • Staff
      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.

    • Staff
      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

  9. Default Gravatar
    Bill | February 1, 2016

    Hi there,
    I have a Citibank Signature Rewards Card. I would like to know if the Citibank complimentary travel insurance would cover my travel if I use airline reward points redemption to secure my tickets.

    Thank you kindly,

    Bill

    • Staff
      Sally | February 2, 2016

      Hi Bill,

      Thanks for your question.

      The Citibank complimentary insurance will only be activated if a minimum of 15,000 points were transferred to the frequent flyer program from points earned on a Citibank Card or via Citi Rewards.

      I hope this has helped.

      Cheers,

      Sally

  10. Default Gravatar
    frank | January 12, 2016

    is this credit card uncapped and do the points expire or do they just accumulate indefinitely?

    • Staff
      Ally | January 12, 2016

      Hi Frank,

      Thanks for reaching out.

      To answer your question:

      1. Points get accumulated when transactions are put through, reward points balance are updated once the transaction is cleared.
      2. Points do not expire.
      3. The only Citi credit card that offers uncapped points is the Citi Prestige card.

      I hope this has helped.

      Cheers,
      Ally

Credit Cards Comparison

Rates last updated December 4th, 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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