Citi Signature Rewards Credit Card – Rates and Fees

Citi Rewards Signature Credit Card 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 >>

Turn your purchases into points and boost your balance with bonus points with the Citi Signature Rewards credit card.

If you apply by 31 August 2017 and spend on your Signature card within the first three months of approval, you will receive 75,000 bonus reward Points. Choose from a variety of merchandise and gift cards through the Citi Rewards program.

Product NameCiti Rewards Signature Credit Card
Rewards ProgramCiti 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 date31 August 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
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.
3.4% 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

  • Take advantage of a discounted annual fee for the first year at 199.
  • Receive 75,000 bonus Reward Points when you spend on your card within 90 days from card approval.
  • This card comes with a 0% p.a. for 6 months balance transfer offer.
  • Earn up to 2 reward Points per $1 spent on eligible transactions (see full earn rates below).
  • 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 ProgramCiti Rewards Program
Bonus Points on Sign-up75,000
Rewards Points per $ (VISA/MC)1
Points ExpiryNever

Citi Rewards Signature Credit Card review

The Citi Rewards Signature is a Visa credit card, allowing you to shop and earn points in the millions of places around the world where 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. 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 with complimentary travel insurance for trips in Australia and abroad. Citi gives you plenty to think about when you start comparing their Signature card with others.

Benefits of using a Citi Rewards Signature Credit Card

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

  • 75,000 bonus reward points. Boost your points balance with 75,000 bonus reward Points on your first spend within 90 days. Get the bonus points when you apply for the Citi Rewards Signature Credit Card before 31 August 2017.
  • 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. Choose cashback, vouchers or merchandise through the Citi 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 Citi Rewards Signature Visa Credit Card are also protected by a complimentary Purchase Cover Insurance and Extended Warranty Insurance. Plus, if you come across a purchased item for a lower price within 60 days of the receipt, the difference, up to A$500 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 other non-Citi credit cards and you will be able to take advantage of 0% p.a. interest for 6 months. At the end of the 6-month period, the interest rate reverts to the cash advance rate. Offer ends on 31 August 2017.
  • Eligible for Samsung Pay. Sign in to Samsung Pay using your qualifying Samsung device and start making contactless payments every time you shop.
  • Free wine. Every time you enjoy a meal out through the Citibank Dining Program you will be treated to a free glass of wine.
  • 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. (Within Australia the Priority Pass is currently available at Cairns, Darwin and Brisbane International Airports and Sydney Kingsford Smith. Find out more about the terms and conditions)

Features of the Citi Rewards Signature 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 20.99% p.a. 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.
  • 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 cardholders 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 Rewards Signature Credit Card

You can apply easily and securely for the Citi Rewards Signature Credit Card 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 Rewards 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

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.
Cash advances, balance transfers, special promotions, fees, government charges and payments to the Australian Tax Office.
No, with this rewards program points do not expire as long as the account remains open.
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.
Back to top
Was this content helpful to you? No  Yes

Ask an Expert

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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

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?

    • Staff
      JonathanJune 18, 2017Staff

      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?

    • Staff
      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?

    • Staff
      ChesterAugust 17, 2016Staff

      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.

    • Staff
      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

    • Staff
      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?

    • Staff
      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?

    • Staff
      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.

    • Staff
      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.

    • Staff
      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.

    • Staff
      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.

    • Staff
      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

    • Staff
      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 July 21st, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
St.George Vertigo Visa
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
13.24% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($55 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Apply by 31 July 2017 to earn bonus Velocity Points for the first three months and a $129 Virgin Australia Gift Voucher each year.
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
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) 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.

Ask a question
feedback