Citi Premier Qantas Credit Card

Offers a competitive 75,000 bonus points and plenty of perks, but a relatively low 0.5 points per $1 spent.

The Citi Premier Qantas is a premium frequent flyer credit card designed for people who travel and who spend a lot on their plastic. Right now, it offers 75,000 bonus Qantas Points when you apply by 28 April 2022 and spend $4,000 within the first 90 days from card approval. This is a competitive offer, but with a purchase interest rate of 21.49% p.a., you'll want to make sure you pay off all your purchases before the interest-free period is up.

You'll get a reduced annual fee of $175 for the first year and every year where you spend at least $48,000. Otherwise, you'll be charged a pretty hefty $350 annual fee.

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Amy Bradney-George

Last Updated Jun 15, 2021

75,000

Bonus points

21.49% p.a.

Purchase rate

0.5

Reward points

Per $ spent

$175 p.a.

Annual fee

for the first year ($350 p.a. thereafter)

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Details

Product Name	Citi Premier Qantas Card
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 6 months
Balance transfer revert rate	Cash Advance Rate (22.24% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	21.49% p.a.
Annual fee	$175 annual fee for the first year ($350 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	22.24% p.a.
Min credit limit	$15,000
Max credit limit	$100,000
Card type	Mastercard
Foreign currency conversion fee	3.4%

Minimum income	$75,000
Available to temporary residents	No
Joint application	No

Pros

75,000 bonus Qantas Points
1 Qantas Point per $1 on eligible transactions made online and overseas
Reduced annual fee of $175 in the first year
Complimentary transit accident insurance and complimentary travel insurance
Two complimentary airport lounge visits per year through Priority Pass

Cons

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

Rewards program	Qantas Frequent Flyer
Bonus points	75,000
Rewards points per $ spent	0.5

Annual fee	$175 annual fee for the first year ($350 p.a. thereafter)
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	$0
Number of additional cardholders	4

Go to Citi's site More info

Review by

Amy Bradney-George

[email protected]

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

This high-tier frequent flyer credit card earns Qantas Points on eligible spend with a boost of 75,000 bonus Qantas Points when you apply as a new cardholder. Additionally, the Citi Premier Qantas Credit Card provides a host of premium perks, including complimentary international travel insurance, airport lounge access and a personal concierge service. It also offers up to 55 days interest-free and a high maximum credit limit of up to $100,000, which is subject to lending criteria and approval.

How to apply

If you've compared your options and want to get the Citi Premier Qantas Card, you can apply online in around 15 minutes. Get started by making sure you meet the eligibility requirements and have all your documents and details ready for the application.

Eligibility criteria

Minimum income. You must earn at least $75,000 per year.
Residency. You must be an Australian citizen or permanent Australian resident.

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 you're employers 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).

Go to Citi's site More info

Card benefits

75,000 bonus Qantas Points. Boost your points balance with 75,000 bonus Qantas Points when you apply by 28 April 2022 and spend $4,000 on eligible purchases within 90 days from card approval.
Discounted first year annual fee. The Citi Premier Qantas credit card offers a reduced annual fee of $175 for the first year and each subsequent year when you spend $48,000 on eligible purchases or cash advances in the previous year ($350 p.a. thereafter). This includes the annual Citi Qantas Rewards fee of $50. This offer is valid until 28 April 2022.

Qantas Points per $1 spent. You can earn 1 Qantas Point per $1 for all eligible international spend, 1 Qantas Point per $1 for eligible transactions made online and 0.5 Qantas Points per $1 spent everywhere else on domestic eligible transactions up to 100,000 Points over a 12 month period.
Airport lounge access. This card offers complimentary Priority Pass standard membership, with two airport lounge visits per year. Priority Pass gives you access to over 850 airport lounges worldwide. In Australia, Priority Pass is currently available at Cairns, Darwin and Brisbane International Airports and Sydney Kingsford Smith. Find out more about the terms and conditions.
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.
Personal concierge service. Gain access to a 24/7 concierge service that can help with anything from restaurant reservations, to buying theatre tickets to 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.
Guaranteed Pricing Scheme. If you purchase something on your card and then find the same item at a lower price elsewhere, you could get a refund for the difference in price through this service.
Complimentary mobile phone insurance. Use the Citi Premier Qantas Card or linked Diners Club Card to pay your monthly mobile plan and you'll get cover for accidental damage that affects the way your smartphone is supposed to work. You also get cover for theft when it's unavoidable. This complimentary insurance is underwritten by AIG Insurance and, as with any policy, it's a good idea to check the policy document for full details of what's covered and how to make a claim.
Citibank Dining Program. Get a free bottle of award-winning wine when you dine out at a Citi partner restaurant and pay with your Citi Premier Qantas credit card.
Mobile payment technology. This card is eligible for both Samsung Pay and Apple Pay, which allows you to make contactless payments using a compatible Samsung or Apple device.
0% balance transfer offer. Get 0% p.a. interest for 6 months on balances transferred, with no balance transfer fee. Citi allows you to transfer up to 80% of your credit limit from Australian-issued store cards, personal loans, or credit cards not issued by Citibank. At the end of the 6-month introductory period, any unpaid balance will be charged interest at the cash advance rate. Please note you won't earn any points on balance transfers.

Rates & fees

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

Interest-free days on purchases. Get up to 55 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.

Go to Citi's site More info

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213 Comments

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?

finder Customer Care

Jhez
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

Robert
October 2, 2018

will my Citi signature visa allow me and my wife access to lounges in Abu Dahbi and which ones. We are flying with Etihad to London

Nikki
October 2, 2018

Hi Robert,

Thanks for your message and for contactin finder.

The Citi Signature Visa can give you 2 complimentary lounge visits however this is only for the primary cardholder only. Also, to activate this, you must enroll into your complimentary Priority Pass membership on the Citibank website. As per the Citibank site, once enrolled, you will get the card in the mail after 15 working days. Unused visits cannot be carried forward to the following membership year. The total number of complimentary visits will be reset to two at the beginning of each membership year while you remain a Citi Rewards Signature Credit Cardholder. The membership is subject to the Priority Pass™ Conditions of Use. Please note that within Australia, Priority Pass is currently available at Cairns, Darwin and Brisbane International Airports and Sydney Kingsford Smith. For the full list of up to date airport lounges and Priority Pass™ Conditions of Use please refer to the Priority Pass website.

Hope this helps! Feel free to message us should you have further questions.

Regards,
Nikki

MA
January 13, 2017

I’m interested in applying for a Citi Qantas Signature Credit Card and get the 50k Qantas points.

I’d also like to avail of the 0% balance transfer. I understand that I need to spend of $2k to qualify for the 50k Wantas points, will that invalidate the 0% balance transfer rate even if I make the minimum monthly payment required for the balance transfer and also pay for new purchases in full amount?

finder Customer Care

May
January 13, 2017

Hi MA,

Thank you for your inquiry.

If you are approved for the Citi Qantas Signature Credit Card, you can actually request for a BT and take advantage of the 0% p.a. interest for 6 months and you can still use the card for new purchases while on BT promotion. However, please keep in mind that if you are using up the 80% of the available credit limit for the BT of your, you may also have to allot more than $2,000 of your credit limit so that you can still meet the spending criteria of $2,000 to qualify for the 50,000 bonus Qantas Points.

Your approved credit limit will come into play in this scenario to accommodate the balance/debt you want to transfer and the $2,000 spending criteria. The higher the credit limit you have, the better. Please also note that your credit limit will be determined by Citibank depending on their assessment of your ability to repay credit by taking into account your income, assets, other liabilities and even credit history.

For your new purchases, you should pay them in full at the payment due date so that you won’t be charged 20.99% p.a. interest in your next billing.

Cheers,
May

Jess
November 23, 2016

I just want to confirm my third party car insurance will not count towards bonus points spend?
Do water corporation bills count paid by direct debit from the credit card?

finder Customer Care

May
November 28, 2016

Hi Jess,

Thanks for your question.

Yes, payments to insurance are not considered as eligible purchases so you cannot earn points for that transaction. Corporation water bills through direct debit, on the other hand, may be considered as eligible purchases, so you can earn points on this.

Cheers,
May

Brewster
November 9, 2016

I got issued with a supplementary card through my partner but I noticed that the account number is different to her. Do I need to give my Qantas Frequent Flyer to get the points associated with the expenditure or all the points will go to her QFF program.

Thanks!

finder Customer Care

Jason
November 9, 2016

Hi Brewster,

Thank you for your inquiry.

The Qantas Points earned from purchases made by using the supplementary card will go to the Qantas Frequent Flyer account of the primary cardholder. It may be possible that you might only have a different card number but it should still be associated with the account of the primary cardholder since that is a supplementary card.

Please get in touch with Citibank to verify if the account number of that card is indeed associated with your partner’s account.

Cheers,
Jason

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