Citi Premier Card – Velocity Points Offer
- Bonus points
- 110,000
- Purchase rate
- 22.49% p.a.
- Reward point per $ spent
- 1
- Annual fee
- $300 p.a.
Our verdict
Offers 110,000 bonus Velocity Points, 2 airport lounge visits a year and complimentary insurance. But make sure the benefits give you enough value to justify the annual fee.
Pros
-
110,000 bonus Velocity Points
-
Higher rate of 2 Citi reward Points per $1 on eligible international spend and purchases made online in Australia or overseas
-
Complimentary Priority Pass membership and 2 airport lounge visits per year
-
Complimentary travel insurance
Cons
-
High $300 annual fee
-
High 3.4% foreign transaction fee
-
You will be charged interest on retail purchases while you have a balance transfer
Details
Product details
| Product Name | Citi Premier 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 period | Up to 44 days on purchases |
| Cash advance rate p.a. | 22.99% |
| Min credit limit | $10,000 |
| 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 | 110,000 |
| Rewards points per $ spent | 1 |
| Rewards points cap | 200,000 |
Fees
| Annual fee | Annual fee $300 |
| 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 |
Your reviews
Amy Finder
Editor
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Sarah Megginson Finder
December 09, 2024
Hi Mark,
The bonus points of 110,000 are provided as Velocity points, but the Rewards points per $ spent is Citi Rewards points – we’ll update the article to make this clearer.
Dee
October 31, 2024
Hi I cant find where ‘eligible purchases’ are defined wrt the bonus points and reward points
Angus Kidman Finder
October 31, 2024
Hi Dee, As the review notes, most everyday transactions, including food, furniture, food and travel will count towards the bonus points offer. Cash advances and balance transfers don’t count, and nor will most government transactions.
Lennon
October 02, 2024
In regard to the priority pass included in this card it notes that “2 airport lounges visits per year” Does this mean 2 free visits per year and anything after that needs to be paid for at standard membership rates?
Additionally, is that one priority pass per card holder?
Thanks
Show more Show less
Richard Whitten Finder
October 07, 2024
That’s right – it’s 2 airport lounge visits per year for the primary cardholder. Any additional visits or passes for other guests are at the standard Priority Pass rates.
Mark
December 05, 2024
It’s Citi reward points not velocity points you d*ckheads