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Our verdict

Offers 100,000 bonus Qantas Points and luxury perks, including unlimited airport lounge access. Just make sure you get enough value to justify the $749 annual fee.

The Citi Prestige Qantas Card has a competitive introductory offer, giving you a way to get 100,000 Qantas Points in a few months if you meet the spend requirement. That's enough to fly return from Melbourne to Auckland in business class (83,000 points) – with points left over. It’s also enough points to book 2 return premium economy flights from Sydney to Christchurch (72,000 points).

As a premium card, it charges a high annual fee and offers unlimited access to Priority Pass lounges, but it doesn’t offer any Qantas Club Lounge invitations, which could be a downside if you regularly travel with Qantas.

Pros

100,000 bonus Qantas Points
Up to 1.5 Qantas Points per $1 on eligible spending
Unlimited airport lounge access with Priority Pass membership
Complimentary luxury airport transfer service
Complimentary travel insurance
Fourth night free hotel stay offer

Cons

High $749 annual fee
High 21.49% p.a. interest rate for purchases
High 3.4% foreign transaction fee

The Citi Prestige Qantas Card is designed for high earners and frequent travellers who want to get Qantas Points for their everyday spending. It offers between 0.5 and 1.5 Qantas Points per $1 on eligible transactions, earning the most points for spending with major domestic airlines, hotel chains and restaurants – as well as for eligible international spending.

Right now, you can boost your points balance with 100,000 bonus Qantas Points when you spend $7,500 on eligible purchases within 3 months from card approval. With perks including unlimited complimentary airport lounge access through Priority Pass and a fourth night free at hotel partners, this card has a lot of potential value for regular travellers. So it's worth thinking about how much you'll use all these benefits when you're weighing up the card's high annual fee.

Details

Product details

Product Name	Citi Prestige Qantas 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 44 days on purchases
Cash advance rate p.a.	22.24%
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	Qantas Frequent Flyer
Bonus points	100,000
Rewards points per $ spent	0.5
Rewards points cap	Uncapped

Fees

Annual fee	$749
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 Prestige Qantas Credit Card online in 10 minutes, but you'll need to make sure you meet the eligibility requirements and have the necessary documents before you get started.

Eligibility criteria

Residency. You must be an Australian permanent resident or citizen.
Credit history. This card is only available to applicants with a good credit score and no history of bankruptcy.

Age. You must be 18 years or older to apply.
Balance transfer debt. If you plan to transfer a balance, you can transfer up to 80% of your available credit limit from Australian store cards, personal loans and credit cards not issued under the Citi brand.

Required documents

Personal information. You'll be asked to include personal details including your full name, contact details and date of birth.
Income and assets. Enter your employer's contact information, your pre-tax income and income from other assets. You're also required to provide your last two payslips or bank statements if you're employed part-time or full-time. If you're currently self-employed or a retiree, you'll need to enter your account's contact information. These documents can be faxed or emailed to Citi.
Expenses and liabilities. Provide details of your ongoing expenses and any liabilities, such as loan balances, mortgage payments, rent and everyday bills.
Identification. If you're a new customer, you can verify your identity by entering your driver's licence number or passport number. Foreign driver's licenses and passports are also accepted.
Balance transfer details. If you're planning to take advantage of the balance transfer offer, you'll need to provide details of the current account(s) including the name on the account, number, amount being transferred and the issuing bank's name and address.

Card benefits

100,000 bonus Qantas Points. Earn 100,000 bonus Qantas Points when you spend $7,500 on eligible purchases within 3 months from card approval. Your bonus points will be credited to your Qantas Frequent Flyer account within 8 weeks of meeting the spend criteria. You must provide your Qantas Frequent Flyer membership number upon application and an additional $49 annual fee applies to join the Citibank Qantas Rewards program.
Uncapped Qantas Points. Get rewarded with 1.5 Qantas Points per $1 spent on eligible international spending and eligible domestic purchases made with major airlines, hotel chains and restaurants. You'll also earn 1 point per $1 on Australian spending at selected domestic purchases made at major petrol outlets, supermarkets and national retailers and 0.5 points per $1 spent everywhere else on domestic eligible transactions.

Complimentary Priority Pass membership. You can relax before your next flight with unlimited visits to any of the 1,500+ Priority Pass lounges in the world – even if you're flying in economy class. You can also bring one guest with you for free (and other guests for a fee, depending on the lounge). Just enrol at www.prioritypass.com/prestigeaumc and follow the prompts to get your digital membership.
Fourth night free hotel stay. When you book through the Citi Prestige Concierge at least 48 hours (but not more than 6 months) in advance and stay a minimum of four consecutive nights at available hotels, you can enjoy one night free. The value of the free night is calculated as the average nightly room rate for the four-night stay and does not include taxes or additional fees.
10% off selected Luxury Escapes offers. Until 1 March 2025, you can get 10% off (up to $500) on Limited Time LUX Exclusive hotel offers in Australia and overseas when you pay with your Citi Prestige card and use the code PRESTIGECITI10 on the Australian Luxury Escapes website or mobile app. You'll also get 10% off (up to $250) on international tours when you pay with your Citi Prestige card and use the code CITITOUR10.
Luxury airport transfer service. Receive a complimentary, one-way airport transfer to or from select cities in Australia (up to a maximum of $100).
Complimentary insurances. The Citi Prestige is packed with insurance covers, including: international travel insurance, domestic travel insurance, extended warranty insurance and purchase protection insurance.
Mobile wallets. You can link your Citi card with Samsung Pay, Google Pay or Apple Pay to use your eligible device to make contactless payments.
Complimentary mobile phone insurance. If you use your Citi Prestige card to pay for your phone on a contract, you can get cover for your eligible mobile phone or smartphone from accidental damage and theft for up to $1,000 per claim (up to $1,650 per year).
Balance transfer offer. Transfer an existing debt to the Citi Prestige Card and pay 0% p.a. interest for 6 months, with no balance transfer fee. At the end of the balance transfer promotional period, any remaining debt will accrue interest at the cash advance rate of 22.24% p.a. You won't earn Qantas Points on balance transfers.

Rates & fees

Annual fee. The Citi Prestige Qantas Credit Card charges an annual fee of $749 (this includes the $49 Citibank Qantas Rewards Program yearly fee).
Purchases interest rate. The purchase rate for this card is 21.49% p.a. (variable).

Cash advances. Cash advance transactions are charged at 22.24% p.a. (variable). You'll also be charged a fee of 3.5% of the transaction amount or $3.50 (whichever is greater), if you're in Australia and will be charged $5 if you're overseas.
Interest-free days. When you pay your balance in full by the due date, you can take advantage of up to 44 interest-free days on purchases. Please note that interest-free days do not apply while you are carrying a balance transfer debt.

Sources

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December 14, 2023

Do you know what counts as eligible spend to get the bonus points?

Sarah Megginson Finder

January 05, 2024

Hi Scott, Eligible purchases refer to most everyday transactions like retail shopping, paying an invoice, bookings travel and shopping online.

Ineligible purchases for the purpose of meeting a spend requirement usually include things like: online gambling, interest, fees, cash advances, government payments (eg ATO), balance transfers and BPAY transactions.

Hope this helps!

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Peter

February 27, 2023

Would payments for electricity and council rates earn at 1 point per dollar or .5 points per dollar ?

Amy Bradney-George Finder

March 07, 2023

Hi Peter,

Council rates are typically considered government-related transactions, which aren’t considered “eligible transactions” on this card. Electricity payments would earn 0.5 points if they were processed as a purchase (e.g. not BPAY). If you used the Citi PayAll platform, you could earn points on a wider range of payments, such as taxes and miscellaneous bills, as long as the payment is going to an Australian bank account. I hope that helps.

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Citi Prestige Qantas Card

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