Our verdict

Offers up to 100,000 bonus Qantas Points and travel perks, with a $350 annual fee that can be discounted after the first year if you meet the spend requirements.

The Citi Premier Qantas is a premium credit card suited to frequent flyers and big spenders. With its current bonus points offer, you'll get 70,000 bonus Qantas Points when you spend $6,000 in the first 3 months from card approval. You'll earn another 30,000 bonus Qantas Points when you keep your card open for over a year. But you would have to pay an annual fee in both the first and second year to collect all the points.

If you did earn all 100,000 bonus Qantas Points on offer, you’d have enough for a return business class flight from Brisbane to Auckland (83,000 points, plus fees and taxes) or a return economy class flight from Sydney to Los Angeles (83,800 points, plus fees and taxes). You can also redeem them for $475 worth of JB-HiFi digital gift cards (98,620 points for one $250 gift card, two $100 gift cards and one $25 gift card). And while the $350 annual fee is at the higher end of the scale, it can be discounted by 50% from the second year onward when you meet the yearly $48,000 spend requirement. But the earn rate of 0.5 Qantas Points per $1 spent (for domestic transactions not made online) is relatively low for a card in this bracket.

Pros

Up to 100,000 bonus Qantas Points
Reduced annual fee of $175 from the 2nd year onward when you meet the spend requirement
Complimentary travel insurance
Two complimentary airport lounge visits per year through Priority Pass

Cons

Relatively high standard annual fee of $350
High interest rate of 21.49% p.a. on purchases
3.4% international transaction fee

The Citi Premier Qantas Credit Card earns between 0.5 and 1 Qantas Point per $1 on eligible spending, with the highest earn rates going to eligible spending online and overseas. Other travel perks include complimentary international travel insurance and airport lounge access. But it does have a 3.4% international transaction fee when you're spending money overseas or online in a foreign currency.

Details

Product details

Product Name	Citi Premier Qantas Card
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	Qantas Frequent Flyer
Bonus points	100,000
Rewards points per $ spent	0.5

Fees

Annual fee	Annual fee $350
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.

How to apply

If you've compared your options and want to get the Citi Premier Qantas Card, you can apply online in around 10 minutes. Get started by making sure you meet the eligibility requirements and have all your documents and details ready for the application.

Eligibility criteria

Residency. You must be an Australian citizen or permanent Australian resident.
Regular income. You must receive a regular income and be able to show proof of it when you apply for this card.

Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, residential address, marital status, number of dependents and contact number. You'll also need to provide a valid form of ID, such as your driver's licence, passport or Medicare card number.
Frequent flyer details. During the application, you'll need to opt-in to Citi Qantas Rewards and provide your Qantas Frequent Flyer number. If you're not already a member of the frequent flyer program, here's how you can join for free (instead of paying the standard joining fee of $99.50).
Employment details. This includes your current job title, salary and your employer's contact details. If you're self-employed, you'll need to provide your accountant's contact details. You'll also need to provide documents that verify your income, such as recent payslips or tax assessment notices from the ATO.
Financial details. This includes any additional forms of income, pensions, savings or other assets, as well as existing debts, loans and cards. You'll also need to provide details of your regular household expenses such as rent or mortgage payments, utility bills and groceries.
Balance transfer details. If you plan to transfer a balance to this card, you'll need to provide details of the existing account(s).

Card benefits

Up to 100,000 bonus Qantas Points. You'll earn 70,000 bonus Qantas Points when you spend $6,000 on eligible purchases within the first 3 months from card approval. You'll then get an additional 30,000 bonus Qantas Points when you keep your card open for over a year.
Annual fee discounts. The Citi Premier Qantas credit card charges a first-year annual fee of $350. But it offers a reduced annual fee of $175 in the second year and each subsequent year when you spend $48,000 on eligible purchases or cash advances in the previous year. This includes the annual Citi Qantas Rewards fee of $50.

Qantas Points per $1 spent. You'll earn 1 Qantas Point per $1 for all eligible international spending and 1 Qantas Point per $1 for eligible transactions made online. In Australia, you'll earn 0.5 Qantas Points per $1 on domestic eligible transactions, up to 100,000 Points over a 12-month period.
My Cashback. You can receive personalised cashback offers via the My Cashback hub in the Citi Mobile App when you use your credit card.
International travel insurance. The Citi Premier Qantas Card offers complimentary international travel insurance when you use it to purchase your return overseas travel tickets. Your spouse and/or dependent children can also be included on your cover when they meet the eligibility requirements.
Priority Pass airport lounge access. This card offers complimentary digital Priority Pass membership – including 2 complimentary lounge visits per year.
Personal concierge service. Gain access to a 24/7 concierge service that can help with anything from restaurant reservations, to buying theatre tickets, ordering flowers and more.
Purchase insurances. This card offers purchase protection insurance to cover the cost of loss, theft or damage, as well as extended warranty insurance for eligible purchases made with the Citi Premier Qantas credit card.
Complimentary mobile phone insurance. If you use your Citi Premier Qantas 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).
Mobile payment technology. This card is eligible for both Samsung Pay, Google Pay and Apple Pay, which allows you to make contactless payments using a compatible Samsung, Android or Apple device.

Rates & fees

Annual fee. Outside of any promotions, this card has a $350 annual fee, which includes the Qantas Rewards fee.
Interest rates. This card charges a 21.49% p.a. variable interest rate for purchases and 22.24% p.a. on cash advances and cash-equivalent transactions.

Interest-free days on purchases. You'll get up to 44 days interest-free on purchases if you pay your balance in full by the due date on each statement. Note that interest-free days do not apply if you're carrying a balance from a balance transfer.
Currency conversion rate. A 3.4% fee applies for transactions made in a foreign currency overseas or online.
Balance transfer rate. If you have an existing debt to pay, you can transfer it fee-free to this credit card to keep all of your payments in one place. However, it will be charged at the cash advance rate of 22.24% p.a. Citi allows you to transfer up to 80% of your credit limit from Australian-issued store cards, personal loans, or credit cards not issued under the Citi brand. Please note you won't earn any points on balance transfers.

Sources

Your reviews

Not enough reviews Write a review

Ask a question

To ask a question simply log in via your email or create an account.

Ask a question

Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

You are about to post a question on finder.com.au:

Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
finder.com.au is a financial comparison and information service, not a bank or product provider
We cannot provide you with personal advice or recommendations
Your answer might already be waiting – check previous questions below to see if yours has already been asked

Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

November 18, 2024

I am planning to spend $5000 to pay immigration payment. Does this count as eligible purchases?

Richard Whitten Finder

November 19, 2024

Hello sk,

If you are making an immigration visa payment directly to the government this won’t count as an eligible purchase. If you’re making a payment to a migration agent and not using BPAY, it could be eligible. But it depends how Citi interprets the payment. According to the terms and conditions: “Please note that whether or not a transaction is an Eligible Transaction will be determined based on information provided either by the merchant or the relevant financial institution (including information about the type of business conducted by the merchant). This means that, for example, spend with certain merchants may be characterised as spend with a government related entity and therefore not an Eligible Transaction, even if that merchant is not in fact a government related entity.”

Show more Show less

William

September 04, 2024

I’ve just noticed that Citi has taken over my NAB. If I’m already an NAB customer and I get a Citi Credit card, am I still a “new customer” in the eyes of Citi Bank when it comes to their Qantas points eligibility?

Thanks!

Angus Kidman Finder

September 15, 2024

Hi William, Citi’s terms and conditions don’t appear to specify this – but it is usually the case that bonus points won’t be offered to customers if they’ve had a similar bonus points offer from a related bank (NAB in this case) in the past. So if you’ve had a bonus sign-up offer from NAB, you probably wouldn’t qualify – but if you only had an NAB transaction account, you might. To find out what applies, you’ll need to ask Citi directly – you can contact Citi on 13 24 84. Hope this helps!

Show more Show less

Jim

November 16, 2021

How long between cards do you need before you can receive the bonus QFF points? Thanks

Chris Giovine Finder

November 30, 2021

Hi Jim,

I hope that I’ve understood your questions correctly. Once approved for the Citi Premier Qantas credit card, you’ll need to spend $4,000 within the first 90 days from card approval to receive the 100,000 bonus Qantas Points and these will be credited to your Qantas Frequent Flyer membership account within 8 weeks of meeting the spend criteria.

You’re eligible for the 100,000 bonus Qantas Points if you have never held this card, even if you are a past or existing Citibank customer.

Cheers,

Chris

Show more Show less

Sam

November 09, 2021

Are customers who previously held a Citi card eligible for the 100,000 QFF points?

Chris Giovine Finder

November 17, 2021

Hi Sam,

You’re eligible for the 100,000 bonus Qantas Points if you are a past or existing Citibank customer that has never held a Citi Premier Qantas Credit Card.

Please also note the application eligibility requirements and other general terms and conditions attached to the card to get the bonus points, such as but not limited to:

– you must apply for the Citi Premier Qantas Credit Card by 28 April 2022

– spend a minimum of $4,000 on eligible retail purchases using the card within 90 days from approval

– you must be a member of the Qantas Frequent Flyer Program and provide your membership number to Citibank.

I hope this helps.

Show more Show less

Kenneth

January 22, 2020

Am I eligible for the 100,000 points if I opt for the balance transfer, pay off the balance transfer immediately within the 1st month and spend $5000 within first 90 days? Also, if I pay the annual fee of $444 for the 2nd year and decide to close the card am I eligible for refund of annual fee prorate?

Show more Show less

Jhez Finder

January 22, 2020

Hi Kenneth,

Thank you for your question. You will receive 100,000 bonus Qantas Points when you spend a minimum of A$5,000 on your Citi Premier Qantas Card within 90 days from approval. Please note that this is for eligible transactions only. Cash Advances, Balance Transfers, refunds, chargebacks, Special Promotions and spend on a Linked Diners Club Card do not contribute to the spend threshold.

In regard to the prorated annual fee refund, there’s no confirmation from the Citi website if they’re still doing this if you decide you want to close the credit card. You may need to contact Citi directly to confirm this.

Please make sure to read the eligibility criteria, features and details of the policy, as well as the relevant Product Disclosure Statement PDS/T&C’s of the policy before making a decision and consider whether the product is right for you. If necessary, speak to the insurance brand to verify any details.

Regards,

Jhezelyn

Show more Show less

Citi Premier Qantas credit card

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Your reviews

Important information about this website

Advertiser disclosure

How we make money

Sorting and ranking products

Terms of service and privacy policy