Rates and fees information correct as at 19 August 2018.
What your points get you
Fly Sydney to London
Fly Sydney to Melbourne
1 point per dollar on Mastercard, up to $3,000 per month, then 0.5 points per dollar on Mastercard, up to $10,000 per month
Points are automatically credited to the Emirates Skywards Program
All rewards are redeemed via Emirates Skywards Program.
1.25 points per dollar on eligible international purchases (uncapped).
One complimentary chauffeur driven ride per year to and from the airport and two complimentary lounge passes per year to any Emirates Lounge in Australia when flying Emirates.
Receive 50,000 bonus Skywards Miles on your first spend within 90 days of card approval, plus an additional 10,000 Skywards Miles if you spend a minimum of $500 on emirates.com.
Value of rewards points
Spend $23,700 (Mastercard)
Spend $168,000 (Mastercard)
at $10,000 monthly
How do we calculate these points?
How do we calculate the rewards?
To work out the "Rewards value minus fees" in our Rewards Revealer we:
calculate how many points you'd get each year,
figure out how many flights or gift cards or cashback credits you could get for those points,
work out what that's actually worth to you,
take off the annual fee you'd pay.
Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
Shopping rewards are based on $100 gift cards from a major national department store.
We make every effort to ensure our calculations are correct and up to date but make no guarantees.
The most dishonest financial institution I have ever dealt with. I have not used this card in...
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The most dishonest financial institution I have ever dealt with. I have not used this card in over 12 months because of previous questionable behaviour and was unfortunately persuaded out of cancelling the card at that time. Today I received a bill for $390.00 and was threatened with a credit default notice, outrageous annual fee charged several months ago without notice and a range of outrageous fees and charges subsequently levied. I was not contacted by the bank at any stage regarding this despite regular harassing phone calls with a range of worthless offers. Honestly do yourself a favour stay away. I use ANZ who are a pleasure to deal with in comparison.
John | QLD
09 Oct 2015
Expensive, good for air miles only
Expensive card, accepted almost everywhere. Good customer service. I have it for the emirates...
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Expensive card, accepted almost everywhere. Good customer service. I have it for the emirates frequent flyer points, which is the only reason to have this card.
Drew | VIC
04 Sep 2015
Excellent customer service but not enough branches
I was really lucky to get a lifetime interest free balance transfer so my interest expenses have...
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I was really lucky to get a lifetime interest free balance transfer so my interest expenses have been really low. But the thing I love about them is that they phone me when my payment is overdue and always offer to waive the late fee if I pay within the next few days. Last time, they even offered me a $50 discount off my account if I paid the next months payment early! I would do all my banking with them except there are no branches anywhere near where I live (in rural Victoria).
Jocelyn | VIC
14 Jul 2015
Citi is the consumer banking arm of Citigroup, one of the world's biggest financial institutions. Citi was the first foreign bank to be granted a banking licence to operate in Australia. Citi is now the largest international bank in the country, serving millions of Australians with credit cards, mortgages, deposit accounts, charge cards and more.