Offers an impressive 200,000 bonus Velocity Points, hotel perks and unlimited airport lounge access, with a $700 annual fee.
The Citi Prestige is a top-tier rewards card suited to frequent travellers and big spenders. Right now, it offers 150,000 bonus Velocity Points when you apply and get approved, then spend $12,000 in the first 3 months from card approval and enrol in Points Autosweep, and 50,000 extra points when you keep your card open for over 12 months. This is one of the biggest bonus points offers on the market right now, and would be enough for $900 worth of Coles Supermarket gift cards (195,100 points for four $200 gift cards and two $50 gift cards) based on details publicly listed on the Velocity Frequent Flyer website.
Both the $700 annual fee and the 22.49% interest rate for purchases are at the higher end of the scale for credit cards in Australia. But the Citi Prestige is packed with perks, including an airport transfer service, hotel benefits and unlimited airport lounge access with a complimentary Priority Pass membership. If you use them, the points and perks on this card can help justify its costs.
Pros
Up to 200,000 bonus Velocity Points
Unlimited access to over 1,500 airport lounges through Priority Pass
Airport transfer service and 4th night free hotel offers
Discounts available at select hotels
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
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Where could you fly with Citi Prestige Card's 200k bonus points?
Starting airportSydney
Sydney
Melbourne
Brisbane
Perth
Adelaide
Canberra
Queenstown
Singapore
Doha
Destination airportMelbourne
Sydney
Melbourne
Brisbane
Perth
Adelaide
Canberra
Queenstown
Singapore
Doha
Travel classEconomy
Economy
Business
Calculation doesn't include carrier charges, taxes, or fees. Calculation is based on Virgin Australia Reward Seat redemptions (Tier 3 pricing) for domestic flights; Singapore Airlines Reward Seat redemptions for Singapore; United Airlines Reward Seat redemptions for Los Angeles; Virgin/Qatar Reward seat redemptions for London.
Details
Product details
Product Name
Citi Prestige Card - Velocity Points Offer
Balance transfer rate p.a.
22.99%
Balance transfer limit
80% of available limit
Purchase rate p.a.
Purchase rate p.a.22.49%
Interest-free days
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
Velocity Frequent Flyer
Bonus points
200,000
Rewards points per $ spent
1
Fees
Annual fee
$700
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% of transaction value 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.
Age. You must be at least 18 years old to apply.
Required documents
Personal details. This includes your full name, email address, date of birth, marital status, number of dependents, residential address and contact number. You will also need to provide a valid form of ID, such as your driver's licence, passport or Medicare card details.
Employment details. This covers your current job title, salary and your employer's contact details (or accountant's details if you're self-employed). You'll also need to provide supporting documents to verify your income, such as recent payslips or tax assessment notices from the ATO.
Financial details. You'll need to provide details of any other forms of income, savings and other assets such as investment properties. You also need to share details about any existing liabilities or debts – including loans and credit cards – as well as estimates of your regular, household expenses.
Balance transfer details. If you are going to transfer a balance to the Citi Prestige you will need to provide the details of the account(s) from which you're transferring.
Card benefits
Up to 200,000 bonus Velocity Points. Apply for the Citi Rewards Credit Card and spend $12,000 on eligible purchases within the first 3 months from approval to earn 150,000 bonus Velocity Points. An additional 50,000 points will be credited to your account if you keep your card open for over 12 months. After meeting the spend requirement, Citi will email you within 3 months to request your Velocity membership number to enrol you in Points Autosweep. The Velocity Points will then be credited to your Velocity account within 2 months from when Citi receives your Velocity membership number.
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.
Priority Pass airport lounge access. Get unlimited airport lounge access for you and a guest with a complimentary Priority Pass membership. You can relax pre-flight at airport lounges around the world, including in Europe, the UK and the US. In Australia, you can get Priority Pass lounge access at Adelaide, Brisbane, Cairns, Coolangatta, Darwin, Melbourne and Sydney airports. Find out more about how it works with a credit card.
4th night on Us. When you book a minimum of four consecutive nights at available hotels through Luxury Escapes, you can get a credit back for one night (up to $1,000 per credit per booking). To redeem this benefit, you must use the promo code "CitiPrestige" upon checkout.
Complimentary mobile phone insurance. Use the Citi Prestige Card to pay for your monthly mobile phone on a contract and you'll get cover for accidental damage and theft for up to $1,000 per claim (up to $1,650 per year). This complimentary insurance is underwritten by AIG Insurance and, as with any policy, it's a good idea to check the policy document for full details of what's covered and how to make a claim.
Airport transfer service. Receive a complimentary, one-way airport transfer to or from select cities in Australia (up to a maximum of $100).
Luxury Escapes discount. Until 1 March 2026, you can get up to 15% off (up to $250) on Limited Time LUX Exclusive hotel offers and 10% off on international tours when you pay with your Citi credit card through the Luxury Escapes website or app.
10% off selected hotels with Expedia or Wotif. You'll get a 10% discount on selected hotels booked through Expedia and Wotif when you pay with your Citi credit card before 31 January 2026 and stay before 30 June 2026.
Mastercard benefits. With Mastercard Priceless Cities, you'll get access to exclusive entertainment, dining, travel and other lifestyle experiences in more than 40 cities around the world.
Mobile payment technology. You can make contactless payments using your qualifying device once you enable Samsung Pay, Apple Pay or Google Pay.
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.
Interest-free days. If you pay the full amount owed by the due date on each statement, you'll enjoy up to 44 days interest-free on purchases. Note that you will be charged interest on retail purchases if you carry debt from a balance transfer or for any cash advance transactions.
Foreign transaction fees. If you use your Citi Prestige card to make a foreign transaction, the standard 3.4% fee will apply.
Balance transfer. You can transfer an existing account balance to the Citi Prestige and save with 22.99% p.a. interest for the first months (reverts to the cash advance rate after the introductory period).
Additional card. You can add up to 4 supplementary cards without any extra fees.
Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
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 Terms Of Service and Finder Group Privacy & Cookies Policy.
Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University.
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