Thumbnail icon for Citi

Citi Premier Credit Card

Purchase rate
21.49% p.a.
Balance transfer rate
0% p.a. for 6 months and then 22.24% p.a.
Annual fees
$395
Interest free days on purchases
55

Mozo editorial review Citi Premier Credit Card

Last updated: 8 April 2020.

binocular icon
What's hot
  • Complimentary features like International Travel Insurance
  • 70,000 bonus points when you spend $5,000 within 60 days from card approval
What's not
  • 21.49% purchase rate
Mozo snapshot

The Citi Premier card is for high-flyers. Customers who earn over $75,000 a year gain access to an incredible array of rewards, including a concierge service, International Travel Insurance and Citi's exclusive Dining Program. You can score 70,000 bonus Citi points when you spend $5,000 within 60 days from card's activation. But you'll need to be quick, as this offer ends on June 30 2020! 

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Key features

Rewards are usually the main thing you want to look at when thinking of getting a rewards credit card and with Citi Premier there are number to take note of: including flights, cash back and gift cards all as options you can cash in on. There's also no need to fret about hitting a cap or your points expiring, as this card has neither a points cap or expiring date.

Earning reward points is easy and quick - you will receive 1 point per $1 spent on regular domestic spends, and the points earning is uncapped meaning you can save them up for something fab. 

Plus, you can score a tonne of bonus points. By spending at least $5,000 on your card within 60 days from the card's activation, you can bag 70,000 bonus Citi (offer ends June 30 2020). 

The Premier card is especially well-suited to travellers. Not only can you bag 2 rewards points for each $1 spent internationally, but the card also comes with complimentary International Travel Insurance. 

But all this value does come at a price - the Citi Premier card comes with a relatively high annual fee of $395 and steep purchase rate of 21.49%.  

The card also come with 6 months of 0% balance transfer rate (then 22.24%) and no balance transfer fee, so if you're looking to transfer some of your other debts onto this card you have a window of no extra interest payments. 

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Who is it good for

The Citi Premier credit card suits anyone who is earning over $75,000 a year and is interested in a card that comes with plenty of perks.

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Any catches

Get into the habit of paying your balance off in full each month or you'll be paying a high 21.49% interest rate on those purchases.

Rewards program details

Rates and fees information correct as at 26 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

299,000 points

Fly Sydney to Melbourne one-way

19,500 points

$100 Giftcard

22,300 points

$100 Cash

40,000 points

Points earning

1 point per dollar on Mastercard, uncapped

Rewards scheme

Transfer points to a range of airline programs or redeem your points for travel, cashback, gift cards, retail rewards and shopping gift cards.

You can redeem flights via Velocity, Singapore Krisflyer or Emirates Skywards.

2 Points per $1 for eligible international purchases, uncapped.

Instant discounts via Citi World Privileges

Special offers

Receive 70,000 bonus points when you spend $5,000 within 60 days from card approval.

Value of rewards points

Spend $40,000 (Mastercard)

Spend $22,300 (Mastercard)

Spend $19,500 (Mastercard)

Spend $299,000 (Mastercard)

Uncapped

Never

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.

More details:

  • 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.

Close

Rate and fee details

Rates
  • 21.49% p.a.

  • none

  • 0% p.a. for 6 months and then 22.24% p.a.

  • yes

  • 22.24% p.a.

  • 55

Fees
  • $395.00

  • none

  • none

  • none

  • $30.00

  • 3.5%, min $3.50

  • 3.40%

  • $0.00

  • $7.00

  • $0.00

Features
  • $30.00

  • 2.0

  • 4

  • none

Payment options

Apple Pay, Samsung Pay

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection

Customer Reviews

How are Citi credit cards rated by the Mozo community?

Overall
5.2/10

Based on 1277 Citi credit card reviews

Price
4.8/10
Features
5.5/10
Customer service
4.9/10
Convenience
5.0/10
Trust
5.2/10

Latest reviews of Citi Premier Credit Card

  • Overall 7/10
    Great for your first credit card

    Overall my experience with Citi has been great. I was worried as it was my first credit card however they made it very straight forward with no fuss. I also missed my payment one month and as a good will gesture they credited me. I’ve found the customer service to be quite helpful. I highly recommend Citi.

    Read full review

    Overall my experience with Citi has been great. I was worried as it was my first credit card however they made it very straight forward with no fuss. I also missed my payment one month and as a good will gesture they credited me. I’ve found the customer service to be quite helpful. I highly recommend Citi.

    Price
    7/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    4/10
    Trust
    8/10
    Less
    Bron, Victoria reviewed 3 months ago
  • Overall 8/10
    Good for the reward points, bad online banking

    The reward points scheme is very good, one of the more generous ones on the market. However the online banking interface has some glitches and bugs, and the mobile app isn't very good either.

    Read full review

    The reward points scheme is very good, one of the more generous ones on the market. However the online banking interface has some glitches and bugs, and the mobile app isn't very good either.

    Price
    10/10
    Features
    10/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Ian, New South Wales reviewed 4 months ago
  • Overall 9/10
    Easy to use and great service.

    Easy to use and great service.

    Read full review

    Easy to use and great service.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Andi, New South Wales reviewed 7 months ago
Citi

About Citi

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.

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