Citi Rewards Credit Card

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 flexible rewards credit card in Australia, then look no further than the Citi Rewards Credit Card!

For every $1 of eligible domestic spend, you’ll earn 1 Citi reward Point, capped at $10,000 per statement period.

You’ll also pocket 1 Citi reward Point per $1 on international spend, with no cap!

With this card, you’ll have the flexibility to transfer your Citi reward Points to Virgin Australia’s Velocity Frequent Flyer program, or Singapore Airlines’ KrisFlyer program. Or, Citi’s Pay with Points feature allows you to use your points to offset purchases made on your Citi Rewards Credit Card.

Sign-up bonus

For a limited time, earn 100,000 bonus Citi reward Points^ when you apply for the Citi Rewards Credit Card!

That’s equivalent to $400 when you Pay with Points. Or, redeem your Citi reward Points for Velocity points or KrisFlyer miles and be on your way to your next holiday sooner!

To receive the bonus points, you’ll need to spend $5,000 or more on eligible purchases in the first three months from approval.

This offer is not available to customers who close or transfer from another Citi-branded Credit Card account.

Want to boost your frequent flyer points balance? Citi reward Points convert to Velocity points at a 2.5:1 rate, or to KrisFlyer miles at a 3:1 rate. With the sign up bonus, you’ll effectively receive 40,000 Velocity points, or around 33,000 KrisFlyer miles.

As an example, you could fly one-way from Melbourne to Queenstown in Virgin Australia Business Class for 35,500 Velocity points + taxes and carrier charges. Or, fly from Adelaide to Singapore in Singapore Airlines Economy for 27,000 Velocity points + taxes and carrier charges.

And if you choose to convert your Citi reward Points to KrisFlyer miles, you’ll need just 30,500 KrisFlyer miles + taxes and carrier charges to fly one-way from Adelaide, Melbourne, Sydney or Brisbane to Singapore in Economy with Singapore Airlines.

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…

Flexible 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:

• Complimentary International and Domestic Travel Insurance* – up to 3 months for International Travel and up to 14 days for Domestic Travel when meeting eligibility criteria. Before you consider using this insurance, we recommend reading the Policy Information Booklet to determine if the insurance cover meets your individual needs.
• Complimentary Mobile Phone Insurance^~ – 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 points, you can access the following benefits:

• 10% off (up to $250 per booking) on selected hotel offers with Luxury Escapes. Offer valid if booked by 1 March 2025.
• Monthly cashback offers from stores you already shop with – no opt-in, no registration, no fuss.
• Complimentary VIP membership for one year with Wrapd, your go-to shopping platform. Available until 30 September 2024.

Learn more about these benefits 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 these transactions incur a foreign transaction fee of 3.4% of the converted amount.

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).

Earning points for ATO & government payments

The Citi PayAll feature allows you to earn Citi reward Points on larger everyday expenses such as rent, taxes, education fees, property management fees, childcare and miscellaneous bills. Earn 1 point per $1 for Citi cards enrolled in the Citi Rewards Program or 0.5 Points per $1 for Citi cards enrolled Qantas Rewards Program. The Citi PayAll fee is currently 0.95% as outlined in the Financial Table and is set at the point of scheduling your Citi PayAll payment.

Alternatively, you could use a payment service like Pay.com.au when making Australian Taxation Office (ATO) or other government payments, and earn points from your card.

Using points

Transfer to partners

Like many credit card rewards programs, the benefit of Citi Rewards is the ability to convert your points to various partners. You can convert your Citi reward Points to KrisFlyer miles, Velocity Points or Flybuys points. So, the choice is yours.

The transfer rates from Citi reward Points are below:

• Singapore Airlines KrisFlyer – 3 Citi reward Points = 1 KrisFlyer mile (3:1)
• Velocity Frequent Flyer – 2.5 Citi reward Points = 1 Velocity point (2.5:1)
• Flybuys – 1.33 Citi reward Points = 1 Flybuys point (1.33:1)

As an example, here’s how you could redeem these points…

• KrisFlyer miles – redemptions with Singapore Airlines or Star Alliance carriers including Air Canada, Lufthansa, Thai Airways, Turkish Airlines, United Airlines and more.
• Velocity points – redemptions with Virgin Australia and partner airlines including Etihad Airways, Qatar Airways, ANA, Air Canada, Singapore Airlines and more.
• Flybuys points – in-store redemptions when shopping at Coles supermarkets, Kmart, Officeworks, Liquorland, Target and more.

To transfer Citi reward Points to these programs, a minimum transfer applies, as follows:

• Singapore Airlines KrisFlyer – minimum 25,000 points in 1-point increments
• Velocity Frequent Flyer – minimum 2,000 points in 1-point increments
• Flybuys – minimum 2,000 points in 1-point increments

Pay with Points

One of the 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.

There are three ways to do this:

• Pay with Points (full amount)
• Pay with Points (partial amount via the Citi Mobile® App only)
• Spend and Redeem (real-time SMS offer)

Regardless of which option you select, your Citi reward Points can be redeemed at a rate of $10 back per 2,500 Citi reward Points (0.4 cents per point).

Summary

Frequently Asked Questions (FAQs)