Citi Rewards Card – Points & Gift Card Offer

This card comes with a strong introductory offer with 90,000 bonus Citi Rewards points, a $100 Coles eGift card and a reduced $49 annual fee in the first year.

The Citi Rewards Card is suited to people who want to get points and other perks from their credit card spending – and who can repay it all on time to make use of interest-free days. It earns 1 point per $1 spent on eligible purchases, with a high points cap of $10,000 per month for spending in Australia. It also has a high 21.49% p.a. variable interest rate for purchases.

If you’re a new customer, you can get heaps of value from the introductory bonus points and Coles eGift card when you apply by 31 October 2021 and then spend $3,000 on eligible purchases in the first 90 days from card approval. You’ll also save with a $49 annual fee in the first year, which goes to $149 after that.

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Amy Bradney-George

Last Updated Jul 12, 2021

0% p.a.

Balance transfer rate

for 15 months

90,000

Bonus points

21.49% p.a.

Purchase rate

Reward point

Per $ spent

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Details

Product Name	Citi Rewards Card - Points & Gift Card 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

90,000 Citi Rewards Points and a $100 Coles eGift Card
$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
The 21.49% p.a. purchase interest rate is relatively high

Rewards program	Citi Rewards Program
Bonus points	90,000
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

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

The introductory offer on this Citi Rewards Card offers you a total of $400 of gift card value. When you meet the spend requirement, you'll earn enough bonus points for $300 in digital gift cards through the Citi Rewards program, as well as a $100 Coles eGift Card. If gift cards aren't your thing, you can also transfer Citi Rewards Points to Velocity Frequent Flyer, Emirates Skywards, Singapore Airlines KrisFlyer or Flybuys.

This offer also saves you money with a reduced annual fee of $49 in the first year (then $149 in future years), and a 0% p.a. balance transfer offer for 15 months if you include your request when you apply.

Beyond these introductory perks, the Citi Rewards Card earns 1 point per $1 on eligible purchases, with a cap of $10,000 for spending in Australia (with no cap on international spending). You could also get value from the concierge service, Citibank Dining Program and complimentary purchase and travel insurance options. But with a 21.49% p.a. purchase interest rate, you'll want to pay off your balance every month to make sure interest charges don't outweigh the value of these perks.

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

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.

Go to Citi's site More info

Card benefits

Bonus points and gift card. Get 90,000 bonus Citi Rewards Points and a $100 Coles eGift Card when you apply and get approved by 31 October 2021 and spend $3,000 on eligible purchases in the first 90 days from card approval.
Balance transfer offer. Take advantage of 0% p.a. interest for the first 15 months on balance transfers, with no balance transfer fee when you apply by 31 October 2021. At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 22.24% p.a. Please note that purchases will not be eligible for interest-free days while you have a balance transfer.

Annual fee discount. Get a reduced $49 annual fee for the first year when you apply and get approved for this card by 31 October 2021. After the first year, the annual fee is $149.
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 three frequent flyer programs (Emirates Skywards, Singapore Airlines KrisFlyer and flybuys), as well as travel, merchandise and gift cards available through the Citi Rewards store.
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. This is higher than the average standard credit card interest rate in Australia, which is currently 19.94%.

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.

Go to Citi's site More info

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Citi Rewards Card – Points & Gift Card Offer