In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Citi Prestige Card
Terms and conditions apply
Bonus points
250,000
Purchase rate
22.49% p.a.
Reward point per $ spent
1
Annual fee
$700 p.a.

Our verdict

Offers an impressive 250,000 bonus points, hotel perks and unlimited airport lounge access, with a $700 annual fee.

The Citi Prestige card has one of the largest bonus points on the market. To give you an idea of the potential rewards, you could exchange 250,000 Citi Reward Points for 125,000 Velocity Points. This card also boasts unlimited airport lounge access through Priority Pass and your fourth night free at select hotels.

Pros

  • 250,000 bonus points
  • Unlimited access to over 1,500 airport lounges through Priority Pass
  • Airport transfer service and 4th night free hotel offers
  • Complimentary international travel insurance

Cons

  • The $700 annual fee is high
  • 22.49% p.a. interest rate for purchases
  • 3.4% foreign transaction fee
  • Offers 44 days interest-free on purchases, compared to other cards that offer up to 55 days

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 Prestige is a top-tier rewards card suited to frequent travellers and big spenders. When you apply, get approved and spend $10,000 on eligible purchases in the first 3 months, you will get 250,000 bonus Citi Reward Points. This is one of the biggest bonus points offers on the market right now, and would be enough for $1,100 Woolworths gift cards (229,900 points) based on details publicly listed on the Citi Rewards website.

Details

Product details

Product Name Citi Prestige Card
Balance transfer rate p.a. 0% for 6 months, then 22.99%
Balance transfer limit 80% of available limit
Purchase rate p.a.
Purchase rate p.a.
22.49%
Interest-free period
Up to 44 days on purchases
Cash advance rate p.a. 22.99%
Min credit limit $20,000
Max credit limit $100,000
Card type Mastercard

Eligibility

Available to temporary residents No
Joint application No

Rewards

Rewards program Citi Rewards Program
Bonus points 250,000
Rewards points per $ spent 1

Fees

Annual fee
Annual fee
$700
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $30
Foreign currency conversion fee
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

If you meet the eligibility requirements and have all your documents and details ready, you can apply for the Citi Prestige online in around 10 minutes.

Eligibility criteria

  • Residency. You must be an Australian citizen or permanent resident.
  • Eligible balance transfer debt. If you plan to take advantage of the balance transfer offer, Citi allows you to transfer up to 80% of your available credit limit from accounts not issued under the Citi brand.

Card benefits

  • 250,000 bonus points. When you apply, get approved and spend $10,000 on eligible purchases in the first 3 months, you'll be rewarded with 250,000 bonus Citi Reward Points. The bonus points will be credited to your account within 2 months of the spend requirement being met.
  • Earn rates. The Citi Prestige earns 3 Points per $1 spent for all eligible international spend and selected domestic purchases made and booked directly from a range of major restaurants, hotel chains and airlines (flights only), 2 Points per $1 spent for selected domestic purchases made at major petrol outlets, supermarkets and national retailers and 1 Point per $1 spent on all other eligible domestic transactions.

Rates & fees

  • Annual fee. The Citi Prestige card comes with a $700 annual fee.
  • Interest rates. This card charges a purchase rate of 22.49% p.a. and a cash advance rate of 22.99% p.a.

Your reviews

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Amy Finder

Editor

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Will

October 31, 2024

Hello all, with no minimum income being published, what are the chances if ones income is above $85,000?


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Angus Kidman Finder

November 02, 2024

Hi Will, The TMD for this card notes that the target card holder is not expected to carry debt for a significant period of time – so as well as earning a regular income, a good track record of paying off existing debt is likely to be relevant. The minimum credit limit for the card is $20,000, which is close to a quarter of $85,000, and that might raise serviceability concerns. If you specifically want to check if an $85,000 income is appropriate, you’d need to contact Citi directly on 13 24 84. Hope this helps.


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Dean

September 28, 2024

What points are earned on government (ATO) payments?

Can payment platforms such as SNIIP be used to make payments?


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Angus Kidman Finder

September 30, 2024

Hi Dean, you can use City PayAll to pay the ATO with this card – note that there’s a service fee for this (0.95% of the value) and the ATO might also charge a fee, so weigh up if those points are worth it after the fee. Hope that helps!


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Trev

July 10, 2024

Hi there. I recently spoke to someone via the Chat function on the Citi website and was told there is no minimum income requirement. Is the above $150,000 minimum income requirement correct as of Jun-2024? Even the Citi Website doesn’t state a minimum income requirement so I’m just interested to know where you’re information has come from and/or is it still up to date. thank you!!


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Sarah Megginson Finder

July 16, 2024

Thanks Trev, Citi recently changed their policy on this, so we’ve updated the page to reflect this. Appreciate the feedback!


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Maggie

May 31, 2023

Can the rewards points be converted to Asia miles for Prestige card?


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Amy Bradney-George Finder

June 01, 2023

Hi Maggie,

Unfortunately Citi Points can’t be transferred to Asia Miles, according to details publicly available on the Citi Rewards website. They can be transferred to Flybuys Points, Singapore Airlines KrisFlyer Miles or Velocity Points. There are also other rewards credit cards that do offer point transfers to Asia Miles, including ANZ Rewards, CommBank Awards, Westpac Altitude Rewards and American Express Rewards. I hope that helps.


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Alex

May 14, 2023

Currently I am NAB Credit holder, if I apply Citi card, will I still eligible for the bonus point?


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Amy Bradney-George Finder

May 15, 2023

Hi Alex,

Yes you would still be eligible for the bonus points offer on this card, as long as you meet the other requirements. I hope that helps.


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