Citi Signature Rewards Credit Card – Rates and Fees

Earn bonus reward points, save with a first-year annual fee of $195 and get a 0% p.a. interest offer on the Citi Signature Rewards credit card.

The exclusive Citi Signature Rewards credit card currently offers up to 300,000 bonus points in the first 20 months you have the card, with 15,000 bonus Citi Rewards Points earned for each statement period that you spend $1,000 or more during the offer period. To take advantage of this offer, you'll need to apply and be approved before 31 March 2019.

The Citi Signature credit card also comes with two airport lounge passes per year, complimentary travel insurance, a 24/7 concierge service and complimentary wine through the Citibank Dining Program.

Product NameCiti Signature Credit Card
Rewards ProgramCiti Rewards Program
Balance transfer rate (p.a.)0% p.a. for 12 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 date31 March 2019
Annual fee$195 p.a. annual fee for the first year ($395 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
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 upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
$100,000
Card TypeVisa
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
Minimum Income$75,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$195 p.a. annual fee for the first year ($395 p.a. thereafter)
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
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
Cash Advance Fee3.5% of transaction amount or $3.50
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders4

Pros

  • Receive 15,000 bonus points every month for the first 20 months (up to 300,000 points) when you apply by 31 March 2019 and spend at least $1,000 per statement period.
  • Pay a discounted annual fee of $195 in the first year.
  • Take advantage of 0% p.a. interest on balance transfers for 12 months, with no balance transfer fee.
  • You get both complimentary transit accident insurance and complimentary travel insurance with this card.
  • Earn 10,000 additional bonus points when you apply for a Linked Diners Club Card and make your first purchase within the first 90 days from card approval.

Cons

  • The total bonus points must be earned over a 20 month period with a relatively high spend requirement each month.
  • At the end of the introductory period, balance transfers will revert to a high cash advance rate, currently at 21.74% p.a..
  • The standard annual fee of $395 is relatively high.
Rewards ProgramCiti Rewards Program
Bonus Points300,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of using a Citi Signature Credit Card

  • 15,000 bonus Citi reward Points per month for 20 months. This offer gives you a way to boost your points balance with up to 300,000 bonus reward Points when you apply by 31 March 2019. Earn 15,000 bonus points each month for the first 20 months from card approval when you spend at least $1,000 per statement period.
  • Linked Diners Club Card. Citi Signature cardholders can also apply for a Linked Diners Club Card (LDCC) to take advantage of higher points earn rates. If you apply for a LDCC, you can earn 10,000 points after you make your first purchase within the first 90 days from card approval. This card comes at no extra cost and offers 2 points per $1 spent on eligible purchases. Please note that separate Diners Club eligibility requirements and rewards terms and conditions apply to this card.
  • Foreign transaction fees. If you use your Linked Diners Club Card to make a transaction in an overseas currency, the foreign transaction fee will be waived. If you use your Citi Signature card to make a foreign transaction, the standard 3.4% fee will apply.
  • Rewards program. You can earn 2 points per $1 for all eligible international spend, 2 points per $1 for selected domestic purchases made and booked directly from a range of major restaurants, hotel chains and airlines (flights only), 1.5 points per $1 for selected domestic purchases made at major petrol outlets, supermarkets and national retailers and 1 point per $1 spent everywhere else on domestic eligible transactions. You can redeem your points for travel, merchandise and gift cards through the Citi Rewards program, or transfer them to your frequent flyer account with Virgin Australia Velocity, Emirates Skywards or Singapore Airlines KrisFlyer.
  • Annual fee discount. Apply by 31 March 2019 and save with a reduced $195 annual fee in the first year ($395 p.a. applies thereafter). However, you will pay only half the annual fee in subsequent years when you spend at least $48,000 in the preceding year.
  • Balance transfers. Transfer up to 80% of your available limit from other non-Citi accounts and you will be able to take advantage of 0% p.a. interest for 12 months with no balance transfer fee. At the end of the introductory period, the interest rate reverts to the variable cash advance rate.
  • 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 1,200 airport lounges worldwide. (Within Australia, the Priority Pass is currently available at Adelaide, Cairns, Darwin, Brisbane International Airports, Sydney Kingsford Smith, Gold Coast Coolangatta and Melbourne. Find out more about the terms and conditions.
  • Complimentary travel insurance. Use your Citi Signature to pay for eligible travel bookings and you can save on insurance costs with complimentary International Travel Insurance, Transit Accident Insurance and Interstate Flight Inconvenience Insurance.
  • Insurance on purchases. Items bought with your Citi Signature Credit Card are also protected by a complimentary Purchase Cover Insurance and Extended Warranty Insurance. Plus, if you buy an item and then see it for a lower price within 60 days of the receipt date, you can get the difference (worth up to A$500) covered as long as it is available at a store within a 25-kilometre radius of where you originally purchased the item.

Features of the Citi Signature Credit Card

  • Annual fee. As the Citi Signature Credit Card charges a standard annual fee of $395, it's important to make sure the value you get from the benefits outweigh this cost. While the standard Priority Pass membership has a clear value – usually costing US$99 per year – the complimentary insurance covers and reward points could be worth different dollar figures depending on your circumstances. So considering these features based on how you plan to use the card will help you decide if it's a good fit for you.
  • Interest rate. The purchase rate on this card is 20.99% p.a., while the cash advance rate is 21.74% p.a. (variable).
  • Interest-free days. The Citi Signature offers up to 55 days interest-free on purchases, as long as you pay the balance in full by the due date on each statement. Note that you need to do this for two consecutive statements to be eligible for interest-free days.
  • Credit limit. The Citi Signature Rewards card offers credit limits between $15,000 up to $100,000. The credit limit you get is subject to Citi's lending criteria and approval, so it may fall somewhere between these amounts.
  • Additional cardholders. You can get up to 4 additional cardholders over the age of 16 for no extra cost. Note that you'll be responsible for managing the account and all charges that are added to it.
  • Eligible for Samsung Pay and Apple Pay. You can use Samsung Pay or Apple Pay to make contactless payments every time you shop with this card.

How to apply for the Citi Signature Credit Card

If you meet the eligibility requirements and have all the relevant documents and details on hand, you can apply for the Citi Signature Rewards credit card online in around 15 minutes. You can check what you'll need for the application below and then click "Go to site" to start a secure application with Citi.

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 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

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68 Responses

  1. Default Gravatar
    RobertJune 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
      JonathanJune 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

  2. Default Gravatar
    LorraineOctober 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?

    • finder Customer Care
      MayOctober 6, 2016Staff

      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

  3. Default Gravatar
    BernardAugust 17, 2016

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

    • Default Gravatar
      ChesterAugust 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

  4. Default Gravatar
    TrudyAugust 9, 2016

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

    • Default Gravatar
      RonOctober 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.

    • finder Customer Care
      MayNovember 4, 2016Staff

      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

    • finder Customer Care
      MayAugust 9, 2016Staff

      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

  5. 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?

    • finder Customer Care
      MayMay 31, 2016Staff

      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

  6. Default Gravatar
    MohamedMay 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?

    • finder Customer Care
      MayMay 10, 2016Staff

      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

  7. 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.

    • finder Customer Care
      MayMay 3, 2016Staff

      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

  8. Default Gravatar
    ToshApril 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.

    • finder Customer Care
      MayMay 4, 2016Staff

      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

  9. Default Gravatar
    BenMarch 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.

    • finder Customer Care
      JonathanMarch 17, 2016Staff

      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
      BenMarch 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.

    • finder Customer Care
      JonathanMarch 17, 2016Staff

      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

  10. Default Gravatar
    BillFebruary 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

    • finder Customer Care
      SallyFebruary 2, 2016Staff

      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

Credit Cards Comparison

Rates last updated December 12th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
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Suncorp Clear Options Platinum Credit Card - Online Offer
20.74% p.a.
0% p.a. for 18 months
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and earn up to 60,000 Bonus Rewards Points. Plus, a discounted first year annual fee when you apply online.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
finder Exclusive ends 12 December 2018:
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NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
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