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Purchase rate: 22.49% p.a.
Reward point per $ spent: 1
Annual fee: $199 p.a.
Interest-free on purchases: Up to 44 days

Our verdict

Offers Citi Rewards points per $1 and complimentary insurances, with a 22.49% p.a. interest rate on purchases.

Citi is not currently accepting new applications for this credit card.

The Citi Rewards Card has flexible rewards and perks that include complimentary mobile phone insurance, international travel insurance and a personal concierge. It earns 1 point per $1 spent on eligible purchases and also gives you a way to earn points for BPAY payments, and rent.

Like any credit card, there’s still the potential cost of interest charges – and the 22.49% p.a. purchase rate on this card is actually higher than the average standard credit card rate of 20.99% p.a. So you should aim to pay the whole balance off by the due date on each statement to get the benefit of interest-free days for your purchases.

Pros

1 point per $1 on eligible spending
Discounts available at select hotels
Complimentary travel and mobile phone insurance

Cons

The standard 22.49% p.a. interest rate for purchases is relatively high compared to other credit cards
Has a points cap of 10,000 per statement period for spending in Australia

Details

Product details

Product Name	Citi Rewards Card
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	$2,000
Max credit limit	$100,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	Citi Rewards Program / Velocity Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	1
Rewards points cap	10,000

Fees

Annual fee	$199
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	$90
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 this Citi Rewards Card offer online in around 10 minutes and should get a response within 60 seconds of submitting the form. Before you start the application, make sure you meet the eligibility requirements and have the key details on hand.

Eligibility criteria

Residency. You must be an Australian citizen or permanent resident.
Credit history. This card is only available to people with a good credit score and a history free of defaults and bankruptcy. You can get a free copy of your credit report and score through Finder.

Minimum age. You must be at least 18 years of age to apply for a credit card in Australia.

Required documents

Personal information. Personal details such as your full name and contact details including your email address, home address and phone number.
Employment. Information about your job including your role and employer's contact details. You may also need to submit a letter from your employer declaring your income.
Financial details. You'll be asked to provide information about your income, liabilities and expenses.

Card benefits

Citi Rewards. With this card, you'll earn 1 Citi reward Point per $1 on eligible spending in Australia and overseas. Points are capped at $10,000 spending per statement period for domestic transactions, but uncapped for international spend. You can redeem these points for rewards including gift cards, statement credits, charity donations, travel, frequent flyer point transfers and more through the Citi Rewards program.
Complimentary mobile phone insurance. If you use your Citi Rewards Card 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).

24/7 personal concierge service. Whether you need help booking your family holiday, making a last minute restaurant reservation or organising a gift for a loved one, you can contact your personal concierge service for assistance 24/7 and from anywhere around the world.
Complimentary international travel insurance. You can travel with peace of mind and save on necessary costs with complimentary international travel insurance. If you use your card to purchase your overseas travel ticket, you'll be covered for up to 6 months for medical, unexpected expenses, trip cancellation, and personal loss/liability. This insurance also covers your spouse or any dependent children travelling with you. See the terms and conditions for more details regarding the eligibility requirements, exclusions and claims process.
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.
Mobile payments. You can add your Citi card to Apple Pay, Google Pay and Samsung Pay to make payments straight from your mobile devices.

Rates & fees

Annual fee. This card charges a $199 annual fee.
Purchase interest. This card has a 22.49% p.a. interest rate for purchases, which is charged if you do not pay your balance in full each statement period. If you do pay your balance in full, you can take advantage of up to 44 interest-free days on purchases. Interest-free days don't apply if you're paying off a debt from a balance transfer.

Cash advance interest rate. If you use your card to make a cash advance (such as an ATM withdrawal), you'll immediately attract the 22.99% p.a. interest rate.
Cash advance fee. A fee worth 3.5% of the transaction amount or $3.50 (whichever is higher) is charged for cash advance transactions in Australia. A $5 fee applies to overseas cash advances.
Foreign transaction fee. When you make a purchase overseas or online with an international retailer, you will be charged a fee of 3.4% of the transaction amount.

Sources

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.
1. Citi Rewards Card – Bonus Points Offer information PDF
2. Citi Rewards Card – Bonus Points Offer TMD

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Dan

April 14, 2024

I have a citi rewards card .. I can I get complimentary travel insurance.

Sarah Megginson Finder

September 20, 2024

Hi Dan,

Yes, this card comes with complimentary mobile phone insurance and international travel insurance.

Sam

October 05, 2023

I am holding Australian partner visa 309 , can i apply for this card?

Amy Bradney-George Finder

October 09, 2023

Hi Sam,

You need to be a permanent Australian resident to apply for a Citi credit card. You can compare credit cards available to temporary residents on Finder. I hope this helps.

Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

Citi Rewards Card

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