The Citi Premier gives you up to 2 points per $1 spent, complimentary Priority Pass lounge membership and passes and a concierge service. It also offers 150,000 bonus Citi Rewards points when you apply and spend $7,000 on eligible purchases in the first 3 months from approval – enough for $700 worth of digital gift cards. Plus another 50,000 bonus points when you keep the card open for at least a year. Its annual fee is $150 in the first year, and in future years if you spend at least $48,000 for that year. Otherwise, a higher $300 annual fee applies.
Citi Premier Credit Card
Terms and conditions apply
- Bonus points
- 200,000
- Purchase rate
- 21.49% p.a.
- Reward point per $ spent
- 1
- Annual fee for the first year ($300 p.a. thereafter)
- $150 p.a.
Our verdict
Offers up to 200,000 bonus points and $150 first-year annual fee, but make sure the benefits give you enough value to justify its annual fee after that.
Pros
-
Up to 200,000 bonus points offer
-
Annual fee of $150 in the first year and in each subsequent year when you meet the spend requirement
-
Complimentary Priority Pass membership and 2 airport lounge visits per year
-
Complimentary travel insurance
Cons
-
The standard annual fee of $300 is relatively high
-
Earns a different number of points per $1 depending on the spending category
-
High 3.4% foreign transaction fee
Details
Product details
| Product Name | Citi Premier Card |
| Balance transfer rate p.a. | 0% for 6 months, then 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 | Citi Rewards Program |
| Bonus points | 200,000 |
| Rewards points per $ spent | 1 |
| Rewards points cap | 200,000 |
Fees
| Annual fee | Annual fee $150 first year ($300 after) |
| 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.
Sources
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Amy Finder
Editor
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Angus Kidman Finder
September 13, 2024
Hey Sue, The Citi T&Cs note that PayAll payments are added to the retail purchase balance, so the interest free period should still apply. If you’re going to use this extensively though, it would be worth double checking with Citi itself – you can contact the bank on 13 24 84. Hope this helps!
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Gary
January 09, 2019
What is the conversion rate if I would like to convert the Citi rewards point to Kris Flyer?
Jhezelyn Finder
January 10, 2019
Hello Gary,
Thank you for your comment.
The conversion is 1 Citi Mile to 1 KrisFlyer Mile (or 5 Citi Points to 2 KrisFlyer Miles).
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
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Robert
June 18, 2017
How many Qantas points do I get for each Citi Reward Point? Do the rewards points change per $ spent after 30 June 17? Is there an international transaction fee for overseas purchases? I already have a Citibank Visa debit card – does this effect me in any way?
Jonathan
June 18, 2017
Hi Robert!
Your existing Citi Reward Points cannot be converted to Qantas. Qantas Points are earned in accordance with the Citibank Qantas Rewards Program and you need to contact them to switch you over.
Qantas point per dollar is:
1.5 point for all eligible International Spend;
1.5 point for selected domestic purchases made and booked directly from a range of major: restaurants and restaurant chains, hotel chains and airlines (flights only);
1 point for selected domestic purchases made at major: petrol outlets, supermarkets, and national retailers;
0.5 point everywhere else on domestic eligible transactions
As for the changes this year, we have a full list of how every Australian bank will change its rewards program for your guidance.
Hope this helps.
Cheers,
Jonathan
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Lorraine
October 05, 2016
We are planning a 5 day (round trip) cruise from Fremantle WA and have paid for it on our Citibank signature card. Are we covered for complimentary travel insurance?
May Finder
October 06, 2016
Hi Lorraine,
Thank you for your question.
Just to confirm, are you travelling outside of Australia? If so, with your Citi Signature Rewards Credit Card, you are covered for international travel insurance at no cost to you. Please feel free to read our Citibank complimentary insurance guide where you can find more details about the complimentary travel insurance attached to your Citi Signature Rewards Credit Card.
Hope this has helped.
Cheers,
May
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Bernard Joffe
August 17, 2016
I am currently a citibank rewards cardholder – Can I apply for the signature card?
Chester
August 17, 2016
Hello Bernard,
Thanks for your question.
Yes you may as long as you meet the specific criteria set by the credit card issuer. Please note that you must have an annual income of $75,000 and your credit rating must be in good standing.
Required documents are:
Required documents
Required documents
* Personal information. Your name, age, address, and contact details will be necessary to complete the application.
* Employment. Have your employer’s contact information ready.
* Income. Using tax forms or your current pay slips, you will need to disclose your current income.
* Proof of identity. Identifying documents include an Australian driver’s licence, passport, Medicare card or birth certificate.
You may also feel free to contact Citibank for more info.
I hope this helps
Cheers!
Chester
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Sue Bromley
September 12, 2024
We have a new Citi premier credit card.
We always pay our balance by the monthly due date and will looking at adding City pay for monthly payments for domestic bills.e.g. Insurance and utilities.
They do attract .95% fee.
I’m having trouble trying to establish if these payments still fall under the 44 days interest free. I do understand that all retail purchases are covered.
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