In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Citi Premier Card – Cashback Offer

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Citi Premier Card - Cashback Offer
Terms and conditions apply
Purchase rate
21.49% p.a.
Reward point per $ spent
Annual fee
$300 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers a big $600 cashback offer with a $300 annual fee that can be discounted in each subsequent year if you meet the spend requirements.

The Citi Premier is a top-level credit card that offers flexible rewards points and has one of the biggest cashback offers currently on the market. The key to getting this $600 back is to meet the spend requirement with Apple Pay, Google Pay or Samsung Pay.


  • $600 cashback
  • Annual fee of $150 in each subsequent year when you meet the spend requirement
  • 2 airport lounge visits per year with complimentary Priority Pass membership
  • Complimentary travel insurance and purchase protection insurance
  • 1 Citi Rewards Point per $1 spent


  • High standard annual fee of $300
  • High 21.49% p.a. interest rate for purchases
  • High 3.4% foreign transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Citi Premier gives you up to 2 points per $1 spent, complimentary Priority Pass lounge membership and passes and a concierge service. This offer gives you $600 cashback when you make $2,000 worth of eligible purchases with Apple Pay, Google Pay or Samsung Pay in the first 3 months from approval. It has an annual fee of $300, which can be reduced to $150 in future years if you spend at least $48,000 for that year.


Product details

Product Name Citi Premier Card - Cashback Offer
Balance transfer rate p.a. 0% for 6 months, then 22.24%
Balance transfer limit 80% of available limit
Purchase rate p.a. 21.49%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 22.24%
Min credit limit $10,000
Max credit limit $100,000
Card type Mastercard


Available to temporary residents No
Minimum income $75,000
Joint application No


Rewards program Citi Rewards Program
Bonus points N/A
Rewards points per $ spent 1
Rewards points cap 200


Annual fee $300
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $30
Foreign currency conversion fee 3.4%
Cash advance fee 3.5% or $3.50, whichever is greater
Overseas cash advance fee 5%
Additional cardholder fee $0
Number of additional cardholders 4
On 1 June 2022, Citi's consumer banking business was acquired by NAB. Citi credit cards are still available for application and will have the Citi brand. However, the contract for these cards is now with NAB.

How to apply

You can apply for the Citi Premier Credit Card online in 10 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 cashback offer is only available to new Citi customers.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • $600 cashback offer. You'll get $600 back on your account when you spend $2,000 on eligible purchases through Apple Pay, Google Pay or Samsung Pay in the first 3 months from approval. The cashback will be credited to your account within 16 weeks of meeting the spend requirement. Note that cashback will reduce your credit card balance but won't count towards your repayments.
  • Rewards program. You'll earn 2 points per $1 on eligible purchases made online in Australia or overseas, 2 points per $1 for eligible international spending and 1 point per $1 on all other eligible spending in Australia. This means you'll earn points for most of your purchases, with an annual points cap of 200,000 points. But you won't earn points for transactions including cash advances, balance transfers, BPAY payments, transactions made when you're operating a business and government charges (including payments to the Australian Taxation Office).

Rates & fees

  • Annual fee. This card has a $300 annual fee ($150 in future years if you spend $48,000 on eligible purchases or cash advances within that year).
  • Interest rates. The purchase rate on this card is 21.49% p.a. and the cash advance rate is 22.24% p.a. (variable).

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June 25, 2023

Hi what is the minimum time required to apply for this card after already having the exact same one with them last year? Also is the time required to wait from the date you last received the cash back offer or officially closed the card down? Cheers


Amy Bradney-George Finder

June 28, 2023

Hi Liam,

Citi does not list a minimum time between previously having this card and being eligible for this offer but you can check your eligibility by contacting Citi on 13 24 84. In regards to your second question, credit card providers would typically consider the time between when you closed an account and when you applied for a new one, rather than when you received cashback or other introductory benefits. But it does depend on the provider so it’s good to check the terms and conditions or contact them directly. I hope this helps.

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May 03, 2023

The tickets of which airline should I hold to enter the airport lounge? Is it limited to Qantas only?


Amy Bradney-George Finder

May 04, 2023

Hi Tko,

You can get lounge access with tickets from any airline but it will usually need to be an international flight that leaves on the day you want to visit the lounge. With this card, lounge access is offered through Priority Pass and it has its own network of lounges. Finder’s Priority Pass credit cards guide has more details if you’re interested. I hope that helps.

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