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Citi Prestige 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
$700
Interest free days on purchases
44

Mozo editorial review Citi Prestige Credit Card

Last updated: 9 April 2020.

binocular icon
What's hot
  • 100,000 bonus Points if you spend $7,500 within 60 days from card approval
  • Up to 3 Points per $1 on international spends
What's not
  • $700 annual fee
Mozo snapshot

Citi Prestige has a large collection of privileges for its cardholders, as well as having a litany of rewards on offer. These rewards are even easier to snag with 100,000 bonus Points when you spend $7,500 within 60 days from card approval, as well as a number of situations where each dollar spent can earn you 2 or 3 Points, instead of just 1. Just make sure you'll get enough value from the rewards and perks on offer to justify the $700 annual fee.

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Key features

For those looking to be rewarded for their credit card spending the Citi Prestige may be the card for you. The Points you earn are never capped, never expire and can be used for cash back rewards, free flights or gift cards. Plus, if you spend $7,500 within 60 days from card approval, you’ll kick start your Points stash with 100,000 bonus Points! Sounds like the offer for you? Well you need to move fast, as this offer ends on June 30 2020! 

While you’ll earn 1 Point per $1 on regular spends, there are times where you can earn 2 Points for every dollar spent or even 3 Points, such as when shopping at selected petrol stations, supermarkets and national retailers you can earn 2 Points for every $1 spent.

When making purchases from selected restaurants, restaurant chains, hotel chains and flights and all eligible international spending you can earn 3 points per $1 spent. But while you are spending up a storm, just remember the steep 21.49% p.a. interest rate.  

Citi Prestige doesn’t just reward you for spending, it also gives you bonuses for just holding the card. These include things like exclusive access to a range of airport lounges, exclusive travel benefits, such as International Travel Insurance and your 4th night free when you book four consecutive nights at a huge range of hotels.

Although for those travelling internationally, take note of the 3.40% foreign exchange margin.

Want to share this account with a couple of family members? Well you can have up to 4 additional cardholders, and for free.

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Who is it good for

Big spenders hungry for rewards, whether this is cash back or free flights could be a match with this card as there is a number of rewards up for grabs. It’s also great for freebie lovers who will utilise the added card benefits such as the 4th night free when you stay for 4 consecutive nights at a huge range of hotels worldwide.  

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Any catches

While you’re working on earning these rewards or benefiting from the privileges by holding a Citi Prestige credit card, remember you’ll need to pay a $700 annual fee, so make sure you get enough value from the rewards on offer to justify this cost.

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

239,200 points

Fly Sydney to Melbourne one-way

15,600 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.

3 points per dollar on eligible international purchases (including online shopping on international websites).

Priority Pass includes access to over 1,200 airport launches, your 4th night free when you book 4 consecutive nights at a range of hotels and one Luxury Airport Transfer in selected Australian cities up to $100.

Special offers

Receive 100,000 bonus Points when you spend $7,500 within 60 days from card approval.

Value of rewards points

Spend $40,000 (Mastercard)

Spend $22,300 (Mastercard)

Spend $15,600 (Mastercard)

Spend $239,200 (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.

  • 44

Fees
  • $700.00

  • 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 Prestige Credit Card

  • Overall 10/10
    Great banking

    This bank is awesome

    Read full review

    This bank is awesome

    Price
    10/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Pariz, Queensland reviewed over 3 years ago
  • Overall 0/10
    Can't provide

    Can't provide what they promise. Made a huge balance transfer mistake.

    Read full review

    Can't provide what they promise. Made a huge balance transfer mistake.

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Nathalie, Northern Territory reviewed over 5 years ago
  • Overall 9/10
    Unsurpassable, quality service

    On the many occasions when I have had questions or issues to pursue, citibank staff that I have dealt with have invariably been courteous patient and helpful. Even unexpected investigations and researches undertaken by them to resolve problems sometimes surprising to me in the anticipated time and effort required have impressed me with the ongoing good service provided.

    Read full review

    On the many occasions when I have had questions or issues to pursue, citibank staff that I have dealt with have invariably been courteous patient and helpful. Even unexpected investigations and researches undertaken by them to resolve problems sometimes surprising to me in the anticipated time and effort required have impressed me with the ongoing good service provided.

    Price
    8/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Albert, South Australia reviewed over 5 years 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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