This Citi Premier credit card offer gives you a way to boost your frequent flyer point balance, with 110,000 bonus Velocity Points when you apply by 31 October 2024, are approved and spend $8,000 on eligible purchases in the first 3 months from approval. It charges a $300 annual fee in the first year, but you can get a $150 annual fee in future years if you spend at least $48,000 per year. Keep this in mind when you’re weighing up the card’s features to decide if it’s worth it for you.
Citi Premier Card – Velocity Points Offer
Terms and conditions apply
- Bonus points
- 110,000
- Purchase rate
- 21.49% p.a.
- Reward point per $ spent
- 1
- Annual fee
- $300 p.a.
Our verdict
No longer available
The Citi Premier Card - Velocity Points Offer is no longer available for new applications. However, we’ve kept the information online for the benefit of existing customers and for those who are interested. Check out the current Velocity credit cards here.
Pros
-
110,000 bonus Velocity Points
-
Higher rate of 2 Citi Rewards 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
-
Reduced $150 annual fee from second year on if you spend at least $48,000 in each year
Cons
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High $300 annual fee in the first year and in future years, unless you meet the spend requirements
-
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 - DISCONTINUED |
| Balance transfer rate p.a. | 22.24% |
| Balance transfer limit | 80% of available limit |
| Purchase rate p.a. | 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 | $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 |
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.
Your reviews
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Amy Finder
Editor
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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
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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.
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Dee
October 31, 2024
Hi I cant find where ‘eligible purchases’ are defined wrt the bonus points and reward points