In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Citi Rewards Card – Velocity Points Offer

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Citi Rewards Card - Velocity Points Offer
Terms and conditions apply
Bonus points
Purchase rate
21.49% p.a.
Reward point per $ spent
Annual fee
$199 p.a.

Our verdict

Offers 80,000 bonus Velocity Points and complimentary insurance covers, with a $199 annual fee.

The Citi Rewards Credit Card gives you a flexible rewards program and a one-off boost to your Velocity Frequent Flyer points balance. To give you an idea of the value of the bonus Velocity Points offer, it would be enough to redeem $400 worth of Coles Supermarkets digital gift cards (78,424 points for four $100 gift cards) or a return business class flight from Brisbane to Perth (from 71,000 points plus taxes, fees and carrier charges).


  • 80,000 bonus Velocity Points
  • 1 Citi Rewards Point per $1 spent
  • 0% p.a. on balance transfers for 6 ​months, with no BT fee


  • Relatively high 21.49% p.a. interest rate for purchases
  • 3.4% foreign transaction fee
  • $90 additional cardholder fee

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 Rewards Credit Card earns 1 Citi Rewards Point per $1 on eligible spending, which you can transfer to Velocity Frequent Flyer points or redeem for gift cards and other rewards. It also offers 80,000 bonus Velocity Points when you apply and get approved, then spend $5,000 in the first 3 months from card approval. For those seeking a large credit limit, this card offers up to $100,000, subject to credit approval.


Product details

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


Available to temporary residents No
Minimum income $35,000
Joint application No


Rewards program Velocity Frequent Flyer
Bonus points 80,000
Rewards points per $ spent 1
Rewards points cap 10,000


Annual fee $199
Minimum monthly repayment 2% of the closing balance or $30, 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 $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 credit card offer in around 10 minutes and receive a response instantly. Before you apply, make sure you've met the eligibility requirements and have the necessary documents and details on hand.

Eligibility criteria

  • Residency. You must be an Australian resident.
  • Credit history. You must have a good credit score to apply for this card. If you're not sure what's on your credit history, you can check it and get your credit score for free through Finder.

Card benefits

  • 80,000 bonus Velocity Points. Apply for the Citi Rewards card and spend $5,000 on eligible purchases in the first 3 months from card approval and you'll earn 80,000 bonus Velocity Points. Within 8 weeks of meeting the spend requirement, Citi will contact you by email and ask for your Velocity membership number. The Velocity Points will then be credited to your Velocity account within 10 weeks from when Citi receives your Velocity membership number. Note that you need to provide your Velocity Frequent Flyer number to earn any bonus Velocity Points, and must provide it within 14 weeks of Citi requesting it.
  • Balance transfer offer. This card offers 0% p.a. interest on balance transfers for the first 6 months with no balance transfer fee when you apply and get approved for this card. At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 22.24% p.a. And purchases will not be eligible for interest-free days while you have a balance transfer.

Rates & fees

  • Annual fee. This card charges a standard annual fee of $199.
  • Purchase interest rate. The variable interest rate for purchases is 21.49% p.a.

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October 06, 2023

Hi, I previously had the 70,000 Velocity bonus points over 2 years ago when I closed my account. would I still get them again if I opened another credit card account today?

This is what is on their web page.

Customers who have previously received or are entitled to receive the 70,000 Velocity Points will not be eligible to receive another 70,000 Velocity Points. To be eligible to receive 70,000 Velocity Points, you must apply for the Citi Rewards Card by 31 October 2023, then spend a minimum of $5,000 on eligible purchases using your new card within 90 days from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds,

kind regards Nick.

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Amy Bradney-George Finder

October 08, 2023

Hi Nick,

You will need to contact Citi directly for this enquiry. Finder is a review site and we’re not directly affiliated with the bank. The general enquiries contact number for Citi is 13 24 84. I hope this helps.



February 20, 2023

Can I pay my rent using this credit card ? I pay my rent using bPay as of now.


Amy Bradney-George Finder

March 03, 2023

Hi Ritika,

If you have bank transfer details for your rental property, you could use Citi PayAll. It’s a feature similar to a bank transfer, so you do need the Australian bank account details (rather than BPAY). Otherwise, Finder’s guide on options for paying rent with a credit card may help. Just keep in mind that paying rent with a credit card usually attracts a payment fee or surcharge. There is also a risk of interest charges that could lead to serious debt.

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