Citi Premier Credit Card

21.49% p.a.

0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee)

$395 $199 in the first year

Citi Rewards Program

Citi Premier Credit Card

21.49% p.a.

0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee)

$395 $199 in the first year

Citi Rewards Program

Mozo Review   Citi Premier Credit Card Review

Last updated: 20 January 2020.

What's hot:
  • Complimentary features like International Travel Insurance and concierge

  • 120,000 bonus points when you spend $4,000 within 90 days from card approval

  • 1 point per dollar on Visa

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 120,000 bonus points when you spend $4,000 within 90 days from card approval.

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 $4,000 on your card within 90 days from approval, you can bag 120,000 bonus points.

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, concierge service and airport lounge visits.

But all this value does come at a price - the Citi Premier card comes with a relatively high yearly fee of $395 ($195 for the first year) and steep purchase rate of 21.49%.  

The card also come with 15 months of 0% balance transfer rate (then 22.24%), so if you're looking to transfer some of your other debts onto this card you have a window of no extra interest payments. Just keep in mind the 1% BT fee and that no interest free days apply to new retail purchases while you have a balance transfer.

Who it's 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.

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 21 January 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 Visa, 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 120,000 bonus points when you spend $4,000 within 90 days from card approval.

Value of rewards points

Spend $40,000 (Visa)

Spend $22,300 (Visa)

Spend $19,500 (Visa)

Spend $299,000 (Visa)

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 15 months and then 22.24% p.a. (1.00% balance transfer fee)

  • yes

  • 22.24% p.a.

  • 55

Fees
  • $395.00

  • $199 in the first 1 year

  • 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 customer rating
5.2/10

Based on 1263 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
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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