Citi Rewards Credit Card
Earn 1 Citi reward Point per $1 spent and redeem your Citi reward Points for Velocity Points.
This product is provided by National Australia Bank Limited, using certain trademarks temporarily under license from Citigroup Inc.
Why we like the Citi Rewards Credit Card
If you’re looking for a rewards credit card in Australia that earns points on domestic and international spend, look no further than the Citi Rewards Credit Card!
You’ll earn 1 Citi reward Point per $1 of eligible domestic spend, capped at $10,000 per statement period.
Plus, earn 1 Citi reward Point per $1 on international spend, with no cap!
The Citi Rewards Credit Card comes with Citi’s Pay with Points feature, allowing you to offset purchases with points accrued.
Sign-up bonus
Until 28 August 2025, earn up to 90,000 bonus Velocity Points1 when you apply for a new Citi Rewards Credit Card!
You’ll receive 60,000 Velocity Points when you spend $5,000 or more on eligible purchases in the first three months from approval. The remaining 30,000 Velocity Points are awarded when you keep your card open for over 12 months and enrol in Points Autosweep4.
Make sure to click on the ‘APPLY NOW’ button on this guide to take advantage of this offer.
This offer is not available to customers who close or transfer from another Citi-branded Credit Card account.
Curious to know how far 90,000 Velocity Points can take you? You could fly from Adelaide to the Maldives via Singapore on a one-way Business Class Reward Seat with Singapore Airlines for 78,000 Velocity Points + $410.39 in taxes, fees and carrier charges.6 Or, fly on a return Business Class Reward Seat from Brisbane to Nadi with Virgin Australia for 71,000 Velocity Points + $286.86 taxes, fees and carrier charges.6 You could even treat the entire family to a short getaway – 59,000 Velocity Points is enough to fly five people from Melbourne to the Gold Coast on Virgin Australia one-way Economy Class Reward Seats + $229.10 in taxes, fees and carrier charges.6
Citi Rewards Credit Card benefits and features
Cardholders have access to a range of features and benefits with the Citi Rewards Credit Card. Here’s what to expect…
Earn with the Citi Rewards program
The Citi Rewards Credit Card is linked to the Citi Rewards program. Points earned with the Citi Rewards Credit Card will be credited to the Citi Rewards program.
We cover more on earning and redeeming Citi reward Points below.
Access to Complimentary Insurances
You may be eligible for the following insurances with the Citi Rewards Credit Card:
- Access complimentary insurance for eligible products purchased with your Citi Rewards Credit Card, including Extended Warranty Insurance and Purchase Protection Insurance.2 We recommend reading the Policy Information Booklet to determine if the insurance cover meets your individual needs.
- Complimentary Mobile Phone Insurance3 – pay your monthly mobile plan bill with your Citi Rewards Credit Card and you’ll receive accidental damage and theft cover. Before you consider using this insurance, we recommend reading the Policy Information Booklet to determine if the insurance cover meets your individual needs.
Before you consider using these insurances, we recommend reading the PDS to determine if the insurance cover meets your individual needs.
Discounts and other benefits
Aside from the ability to earn points, the Citi Rewards card grants access to the following benefits:
- Enjoy 10% off Limited Time LUX Exclusive hotel offers (up to $250 per booking) booked by 1 March 2026.⁷
- Get $10 cashback every month until 31 October 2025 when you sign up for a Standard (normally $19 per month) or Premium (normally $22 per month) monthly subscription. Stream the TV shows and movies everyone is talking about.5
- Monthly cashback offers from stores you already shop with – no opt-in, no registration, no fuss.
Learn more about the benefits of the Citi Rewards Credit Card here.
Earning points
With the Citi Rewards Credit Card, you’ll earn Citi reward Points at a rate of 1 point per $1 spent on eligible domestic transactions. The full points-earning rate is capped at $10,000 per statement period.
You’ll also earn 1 Citi reward Point per $1 spent on overseas transactions. There is no cap on international spend, but note that a foreign transaction fee of 3.4% of the transaction amount applies.
Citi reward Points do not expire, provided your card account remains open and in good standing (for example – your account is not in default, suspended or closed).
Using points
Cardholders can transfer their Citi reward Points to Velocity at a 2.5:1 ratio and transferring to Velocity allows cardholders to redeem for flights on Virgin Australia.
The minimum number of Citi reward Points required to make a transfer Velocity Frequent Flyer is 2,000 points in 1-point increments.4
Any balance less than the minimum is ineligible to be transferred to frequent flyer programs.
Pay with Points
A key benefit of Citi Credit Cards is the ‘Pay with Points’ feature. Pay with Points allows cardholders to use their Citi reward Points to offset eligible purchases made on their card. Your Citi reward Points can be redeemed at a rate of $10 back per 2,500 Citi reward Points (0.4 cents per point), which will appear as a credit on your statement.
There are three ways to use this feature:
- Pay with Points (full amount)
- Pay with Points (partial amount via the Citi Mobile® App only)
- Spend and Redeem (real-time SMS offer)
Summary
Pros
- Earn 1 Citi reward Point per $1 on domestic and international spend
- No cap on full-points earning rate on international spend
- Access to Extended Warranty Insurance and Purchase Protection Insurance2
- Mobile Phone Insurance3
- Apple Pay, Google Pay and Samsung Pay Support
Cons
- Overseas transaction fees apply
- Full points-earning rate capped at $10,000 per statement period on domestic spend
- High interest rate on purchases (this is a potential issue if you think you’ll be unable to repay your balance in full each month)
Frequently Asked Questions (FAQs)
To apply for a Citi Rewards Credit Card, you would need to be a Permanent Australian resident, aged 18 years or older. You’ll also need an Australian mobile phone number and email address, 2 forms of identification as well as proof of regular income.
The minimum credit limit is $2,000.
Your Citi reward Points do not expire as long as your Citi Rewards account remains open and in good standing.
Yes, your Citi Rewards Credit Card can be linked to contactless payment solutions like Apple Pay, Google Pay and Samsung Pay.
Yes, you can add up to four additional cardholders for an annual fee of $90 per card, annually. Additional cardholders must be aged 16 years or older.
