Prestige card image

Citi Prestige Credit Card

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

Mozo editorial review Citi Prestige Credit Card - last updated: 30 September 2021

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What's hot
  • Up to 3 Points per $1 on international spends
  • Uncapped points on everyday expenses with 'PayAll' (conditions apply)
  • 200,000 bonus points offer (spending conditions apply)
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, as there are 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.

Plus, for customer that apply by 28 April 2022, there is a 200,000 bonus points offer - as long as you spend $7,500 on eligible purchases within 60 days from approval. 

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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. 

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.

Like bonus points offers? Well, you're in luck! If you apply by 28 April 2022, there is a juicy 200,000 bonus points offer for customers that spend a minimum of $7,500 in the first 60 days from approval. 

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. Plus, there's a 'PayAll' feature too! This means you could earn uncapped points on your regular bills like rent, tax, education costs, property management fees, or childcare. 

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 extra perks 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.

Who is it good for

Big spenders hungry for rewards, whether this is bonus points 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 20 January 2022. 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

20,900 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 200,000 bonus Points when you spend $7,500 within 60 days from card approval.

Value of rewards points

Spend $40,000 (Mastercard)

Spend $20,900 (Mastercard)

Spend $15,600 (Mastercard)

Spend $239,200 (Mastercard)



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.

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.


Rate and fee details


21.49% p.a.


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


22.24% p.a.








3.5%, min $3.50










Payment options

Apple Pay, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

Citi PayAll allows you to earn Citi reward Points on everyday expenses (2% fee applies).

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