In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
Citi Premier Card
Terms and conditions apply
Bonus points
200,000
Purchase rate
21.49% p.a.
Reward point per $ spent
1
Annual fee for the first year ($300 p.a. thereafter)
$150 p.a.

Our verdict

Offers up to 200,000 bonus points and $150 first-year annual fee, but make sure the benefits give you enough value to justify its annual fee after that.

The Citi Premier is a top-level credit card that offers flexible rewards points and has a generous bonus points offer. If you earn the full 200,000 bonus points on offer, you could redeem them for $950 worth of digital gift cards from brands including THE ICONIC, JB Hi-Fi, Bunnings Warehouse, Coles and Woolworths ($50 gift cards start from 10,500 points). You can also transfer them to Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Emirates and Flybuys, pay with points and shop with other partners.

Pros

  • Up to 200,000 bonus points offer
  • Annual fee of $150 in the first year and in each subsequent year when you meet the spend requirement
  • Complimentary Priority Pass membership and 2 airport lounge visits per year
  • Complimentary travel insurance

Cons

  • The standard annual fee of $300 is relatively high
  • Earns a different number of points per $1 depending on the spending category
  • 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. It also offers 150,000 bonus Citi Rewards points when you apply and spend $7,000 on eligible purchases in the first 3 months from approval – enough for $700 worth of digital gift cards. Plus another 50,000 bonus points when you keep the card open for at least a year. Its annual fee is $150 in the first year, and in future years if you spend at least $48,000 for that year. Otherwise, a higher $300 annual fee applies.

Details

Product details

Product Name Citi Premier Card
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

Eligibility

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

Rewards

Rewards program Citi Rewards Program
Bonus points 200,000
Rewards points per $ spent 1
Rewards points cap 200,000

Fees

Annual fee $150 first year ($300 after)
Minimum monthly repayment 2% of the closing balance or $30, 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 bonus points offer is only available to new Citi customers.
  • Residency. You must be an Australia citizen or permanent resident.

Card benefits

  • Up to 200,000 bonus Citi reward Points. You'll collect 150,000 bonus points when you apply for the Citi Premier card and spend $7,000 on eligible purchases in the first 3 months from card approval. You'll earn another 50,000 bonus points if you keep the card active for the second year, making you earn a total of 200,000 bonus points. Eligible purchases cover most everyday transactions but not cash advances, balance transfers, and refunds. The bonus points will be credited to your Citi Rewards Balance within 6-8 weeks of meeting the spend criteria.
  • 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 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 $150 annual fee in the first year and in future years if you spend $48,000 on eligible purchases or cash advances within that year. Otherwise, the annual fee is $300.
  • Interest rates. The purchase rate on this card is 21.49% p.a. and the cash advance rate is 22.24% p.a. (variable).

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

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
Accept and continue

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 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Gary

January 09, 2019

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


Avatar

Jhezelyn Finder

January 10, 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


Show more Show less
Avatar

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?


Avatar

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 a full list of how every Australian bank will change its rewards program for your guidance.


Hope this helps.


Cheers,

Jonathan


Show more Show less
Avatar

Lorraine

October 05, 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?


Avatar

May Finder

October 06, 2016

Hi Lorraine,


Thank you for your question.


Just to confirm, are you travelling outside of Australia? If so, with your Citi Signature Rewards Credit Card, you are covered for international travel insurance at no cost to you. Please feel free to read our Citibank complimentary insurance guide where you can find more details about the complimentary travel insurance attached to your Citi Signature Rewards Credit Card.


Hope this has helped.


Cheers,

May


Show more Show less
Avatar

Bernard Joffe

August 17, 2016

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


Avatar

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


Show more Show less
Avatar

Trudy

August 08, 2016

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


Avatar

Ron

October 06, 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.


Show more Show less
Avatar

May Finder

August 09, 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


Go to site