Citi Rewards Card – Bonus Points Offer

Enjoy 100,000 bonus points and a reduced annual fee in the first year with a new Citi Rewards Mastercard.

This Citi Rewards credit card offer gives you a big 100,000 bonus Citi Reward Points when you spend at least $3,000 on eligible purchases in the first 90 days. That's enough for $460 of digital gift cards from over 50 brands.

This card also offers a reduced $49 annual fee in the first year (reverts to $149 after that), complimentary insurance options for purchases and points per $1 on all your everyday, eligible spending. If you have existing debt you want to pay off, you can also take advantage of a 0% balance transfer rate for the first 15 months – but won’t be eligible for interest-free days on purchases while you’re paying it off.

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Amy Bradney-George

Last Updated Mar 10, 2021

0% p.a.

Balance transfer rate

for 15 months

100,000

Bonus points

21.49% p.a.

Purchase rate

Reward point

Per $ spent

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Details

Product Name	Citi Rewards Card - Bonus Points Offer
Rewards program	Citi Rewards Program
Balance transfer rate	0% p.a. for 15 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	$49 annual fee for the first year ($149 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	22.24% p.a.
Min credit limit	$6,000
Max credit limit	$100,000
Card type	Mastercard
Foreign currency conversion fee	3.4%

Minimum income	$35,000
Available to temporary residents	No
Joint application	No

Pros

100,000 Citi Rewards Points
$49 first-year annual fee ($149 p.a. thereafter)
0% p.a. on balance transfers for 15 months, with no BT fee

Cons

Balance transfer reverts to the high 22.24% p.a. cash advance rate
Charges a $90 fee per additional cardholder

Rewards program	Citi Rewards Program
Bonus points	100,000
Rewards points per $ spent	1
Rewards points cap	10,000

Annual fee	$49 annual fee for the first year ($149 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	$90
Number of additional cardholders	4

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

The Citi Rewards Mastercard is linked to a flexible rewards program and offers 1 point per $1 spent on eligible purchases, with a high points cap of $10,000 per statement period on your domestic spending (but no cap for overseas spending). The 100,000 bonus points offer currently available is competitive with other rewards credit cards, and gives you more than enough to cover the annual fee. As well as digital gift cards from brands like Coles, Woolworths and Bunnings, you can use these points to get credit back on your account for almost anything through Pay with Points, shop directly at Kogan.com or even transfer them to a partner frequent flyer program.

With this card, you can also earn points on bills and other larger payments that don’t usually collect points, thanks to the Citi PayAll platform. As well as rewards, you can take advantage of complimentary purchase cover and extended warranty cover for eligible items you buy, and get a complimentary bottle of wine when you dine with Citibank Dining Program partners and pay with this card.

The $49 annual fee in the first year also saves you some money when you first get the card, before a $149 annual fee kicks in from the second year. If you’re looking for a card you can use for a few years, think about whether the features will give you enough value to justify this cost.

How to apply

You can apply for this credit card offer in around 15 minutes and receive a response instantly. Before you apply, make sure you've met the eligibility requirements and have the necessary documents and details on hand.

Eligibility criteria

Minimum income. You must earn at least $35,000 to apply for this card.
Residency. You must be an Australian citizen or permanent resident.

Credit history. You must have a good credit score to apply for this card. If you're not sure what's on your credit history, you can check it and get your credit score for free through Finder.
Age. You must be at least 18 years old to apply.
Eligible balance transfer debt. You can transfer balances from credit cards, store cards and personal loans not issued by Citi, from a minimum of $500 up to 80% of your credit limit.

Required documents

Personal details. This includes your full name, date of birth, marital status and number of dependents, residential address, email address and contact number. You'll also need to provide a valid form of ID, such as your driver's licence or passport.
Employment details. Provide details of your work history, including your current job, salary and your employer's contact details. You may also need to provide details about previous jobs, as well as recent payslips or Tax Assessment Notices to help verify your income.
Financial details. Include information about any income from other sources, such as superannuation, investments or shares, as well as savings accounts. You'll also need to provide details of any existing debts and loans such as mortgages, plus regular expenses such as rent, groceries and household bills.
Balance transfer details. If you're planning to transfer a balance, you need to provide the total amount of debt you want to transfer, as well as details of the card or personal loan accounts you want to transfer a balance from.

Card benefits

100,000 bonus points. Receive a bonus 100,000 Citi Rewards Points when you apply for this card and spend a minimum of $3,000 on eligible purchases in the first 90 days from account approval. Eligible purchases cover most of your everyday spending but exclude cash advances, balance transfers, chargebacks and any spending on a linked Diners Club Card. The bonus points will be added to your account within 6-8 weeks of meeting the spend requirement.
Annual fee discount. Get a reduced $49 annual fee for the first year. After the first year, the annual fee is $149.

Balance transfer offer. Take advantage of 0% p.a. interest for the first 15 months on balance transfers, with no balance transfer fee. At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 22.24% p.a. This offer is valid when you request the balance transfer as part of your application. Please also note that purchases will not be eligible for interest-free days while you have a balance transfer.
Citi Rewards. This card gives you a Citi Rewards membership and allows you to earn 1 point per $1 spent on eligible domestic and international spend. There is a domestic spend cap of $10,000 per statement period, but no cap for eligible international spend. The Citi Rewards Program offers a wide range of ways to use your points, including transfers to four frequent flyer programs (Emirates Skywards, Singapore Airlines KrisFlyer, Velocity Frequent Flyer and flybuys), as well as gift cards available through the Citi Rewards store, shopping at Kogan.com and credit back on your account.
Transfer personal loan debt. Citi is one of the few providers that allow you to transfer the balance of a personal loan to a credit card. Line of credit accounts can also be included in a balance transfer to the Citi Rewards card.
Complimentary travel insurance. Purchase your overseas travel tickets with this card and you and your family can be covered for medical expenses, trip cancellation due to unexpected circumstances, loss or theft of personal items and more.
Other complimentary insurances. This card also gives you access to purchase protection insurance that protects you against loss, theft or damage to a covered item purchased with the card. You'll also get an extended warranty cover for eligible items and a guaranteed pricing scheme that refunds the difference in price if you use the Citi Rewards credit card to purchase an eligible item and you see it on sale for less somewhere else.
Citibank Dining Program. You can enjoy a free bottle of wine at participating restaurants around Australia when you dine and pay with your Citi Rewards Card. Learn more about this program in the full guide.
Mobile payment compatibility. Make payments by tapping your eligible smart device at a contactless terminal when you add this card to the Apple Pay or Samsung Pay wallets.
Linked Diners Club Card. If you want to boost your rewards potential, you also have the option of applying for a Linked Diners Club Card (LDCC), which earns 2 points per dollar spent on eligible transactions, uncapped. Please note that separate Diners Club eligibility requirements and rewards terms and conditions apply to this card.
Complimentary mobile phone insurance. Use the Citi Rewards 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.

Rates & fees

Annual fee. Outside of any promotions, this card charges a standard annual fee of $149.
Purchase interest rate. The variable interest rate for purchases is 21.49% p.a.

Interest-free days. If you pay your balance in full by the due date on each statement, you can get up to 55 days interest-free on purchases. You will not be eligible for interest-free days while you carry debt from a balance transfer.
Cash advances. This card charges a variable cash advance rate of 22.24% p.a. You will also be charged a one-time fee of 3.5% of the transaction amount or $3.50 (whichever is greater) on domestic transactions, and $5 on overseas cash advances.
Foreign transaction fees. If you use your Citi Rewards Card for transactions in a foreign currency, the standard 3.4% fee will apply.
Additional cardholders. You can add up to 4 additional cardholders to the account for a $90 annual fee per additional card.
Credit limits. You can request a credit limit from $6,000 up to $100,000. The credit limit you're approved for will depend on the bank's lending criteria and your financial history.

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Citi Rewards Card – Bonus Points Offer