In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates and fees
  • Your reviews
  • Ask a question
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Citi Premier Card - Luxury Escapes Offer
Terms and conditions apply
Purchase rate
21.49% p.a.
Reward point per $ spent
1
Annual fee for the first year ($300 p.a. thereafter)
$150 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers a big $750 Luxury Escapes Gift Card and a $150 first-year annual fee, but watch out for the annual fee requirements after that.

The Citi Premier is a top-level credit card that has flexible reward points and perks including Priority Pass airport lounge access and complimentary insurance. With this introductory offer, you’ll get a $750 Luxury Escapes Gift Card when you apply and spend at least $7,000 on eligible purchases in the first 3 months from approval. This is a relatively high spend requirement compared to other rewards credit cards, including the spend requirement on this card’s $600 cashback offer (but that one does require you to spend with an eligible digital wallet).

Pros

  • $750 Luxury Escapes gift card offer
  • Discounted $150 first-year annual fee
  • 2 airport lounge visits per year with complimentary Priority Pass membership
  • Complimentary travel insurance and purchase protection insurance

Cons

  • High spend requirement for gift card offer
  • 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 and fees
  • Your reviews
  • Ask a question

The Citi Premier offers between 1 and 2 points per $1 on eligible spending, with a high annual points cap of 200,000 points. You can redeem gift cards, cashback and point transfers to partners including Velocity Frequent Flyer and Flybuys through the Citi Rewards program.

Details

Product details

Product Name Citi Premier Card - Luxury Escapes 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

Eligibility

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

Rewards

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

Fees

Annual fee $150 first year ($300 after)
Late payment fee $30
Foreign currency conversion fee 3.4%
Cash advance fee 3.5%
Overseas cash advance fee $5
Additional cardholder fee $0
Number of additional cardholders 4

How to apply

You can apply for the Citi Premier Credit Card online in 10 minutes. Before you get started, make sure to check the eligibility requirements and organise the details you'll need to complete the application.

Eligibility criteria

  • New cardholder. The Luxury Escapes gift card offer is only available to new Citi customers.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • $750 Luxury Escapes gift card. You'll get a $750 gift card for Luxury Escapes when you apply and spend $7,000 on eligible purchases in the first 3 months from approval. The gift card will be emailed to you within 8 weeks of meeting the spend criteria. Note that you are only eligible for this offer if you have not previously applied and met the eligibility criteria.
  • Luxury Escapes discount. Until 1 March 2025, you can get 10% off (up to $250) on Limited Time LUX Exclusive hotel offers when you pay with your Citi card through the Luxury Escapes website or app and use the promo code CITI10.

Rates and fees

  • Annual fee. Outside of any promotions, this card has a $300 annual fee, which can be reduced to $150 if you spend $48,000 on eligible purchases or cash advances within that same 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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Amy Finder

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