Citi relaunches Prestige Credit Card with 150,000 bonus points offer!

Citi prestige credit card relaunch content

After months on hiatus, the Citi Prestige Credit Card is back in town and with it comes the opportunity to earn 150,000 bonus Citi Rewards Points.

Citi is offering anyone who signs up for the card before 31 March 2020 and is approved, the possibility to give their rewards points balance a big 150K boost. Before you  sign on the dotted line, you should know that to earn the bonus points, you will have to spend $5,000 within the first 90 days of approval.

Is it worth it? Well, that really depends on your individual spending habits. If you aren’t already planning to spend $5,000 within three months, upping your spending just to get the points may not be a very clever strategy.

What you can get for 150,000 Citi Rewards Points?

If you’re a frequent flyer you might be interested to hear that you can convert Citi Points to Emirates Skywards Miles, Singapore Airlines KrisFlyer Miles or Velocity Frequent Flyer Points. Your 150,000 Citi Points will equate to roughly the following in frequent flyer rewards points:

  • • Emirates Skywards Miles, 50,000

  • • Singapore Airlines KrisFlyer Miles, 50,000

  • • Velocity Frequent Flyer Points, 60,000

Or if you’re not planning on jetting off anywhere anytime soon, you can convert the points into Flybuys Points and use them to pay for your groceries at Coles. Although it should be noted that if you’re looking to pay for something urgently, a points transfer could take up to 28 days to show up in the account you’re transferring to.

If you are considering getting a rewards credit card, Citi isn’t the only card provider with current bonus points offers, below are some other offers available.

American Express Velocity Platinum Card
American Express
  • 100,000 bonus points offer (conditions apply)

  • 2019 Mozo Experts Choice Award winner^

  • 1.25 Velocity Points per dollar on regular spends

If you’re constantly jet setting and you like the satisfaction of paying for your flights with points rather than dollars, then you may be interested to hear that you could bag yourself 100,000 bonus Velocity Points when you sign up for the American Express Velocity Platinum Card. Of course, as with most credit card offers, you won’t just be handed 100,000 bonus points when you agree to the terms and conditions. To earn the Velocity Points you’ll have to sign up before 12 February 2020 and spend $3,000 within the first three months of approval. But if you think that level of spending fits with your financial lifestyle and you’re looking for a new piece of plastic, then you might want to find out more.

NAB Qantas Rewards Signature Card
  • 120,000 bonus Qantas Points (conditions apply)

  • Free Qantas Frequent Flyer Membership

  • Free insurance covers, plus concierge service

If you’re always looking for ways to boost your Qantas Points and you’re in the market for a rewards credit card, you might want to consider NAB’s Qantas Rewards Signature Card. If you spend $3,000 within 60 days of approval, you will be rewarded with 90,000 bonus Qantas Points. And if you keep the card open for 12 months, you should receive another 30,000 bonus Qantas Points. Of course the annual fee will increase from $295 to $395 after the first year, so you’ll have to decide whether that extra cost is worth it for the reward you’ll get.

Bankwest More Platinum Mastercard
  • 75,000 bonus points a year (conditions apply)

  • 0% balance transfer rate for 6 months (1% balance transfer fee applies)

  • Includes overseas travel insurance

Unlike other rewards credit cards, Bankwest’s More Platinum Mastercard comes with an ongoing bonus points offer. That is, each year you hold this card, you could earn yourself 75,000 bonus Bankwest More Rewards points. You will have to spend a minimum of $48,000 per year to earn the bonus points, but if that sounds like it fits with your spending style then you might want to add this card to your shortlist. Plus if you’re a bit of a high flyer, you might be pleased to hear that you can use the points to book flights with the travel agency Webjet. And if you’re looking to pay off a balance transfer, you can take advantage of the 0% balance transfer rate available with this card for the first six months, after which it will revert to 19.99% p.a.

^See information about the Mozo Experts Choice Credit cards Awards

Didn’t find the rewards credit card you were after? Why not head to our rewards credit card comparison page for a longer list of credit cards with perks. 

^American Express’s Velocity Platinum Card was awarded the 2019 Mozo Experts Choice Award for best Velocity Frequent Flyer Premium Credit Card. The Mozo Experts Choice Awards are designed to highlight products in the Australian marketplace that are more than just an advertising campaign.

In 2019, our experts analysed 208 personal and 35 business credit card products from 71 Australian financial institutions, to determine which cards really were worthy of a Mozo Experts Choice Award.