Citi Prestige
Citi Prestige
Mozo Review Citi Prestige Review
Last updated: 30 May 2019.
What's hot:
150,000 bonus points when you spend $5,000 within 90 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 150,000 bonus points when you spend $5,000 within 90 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.
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 $5,000 within 90 days from card approval, you’ll kick start your points stash with 150,000 bonus points!
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.
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 travel insurance and a complimentary night at one of their premium hotel partners.
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 it's 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 services such as the complementary, once a year, overnight stay in a premium hotel partner.
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 June 2019. 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
18,900 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, Asia Miles or Emirates Skywards.
3 points per dollar on eligible international purchases (including online shopping on international websites).
One complimentary night per year at one of 80 premium hotels, Priority Pass access to over 700 airport lounges, VIP Limo Service available.
Special offers
Receive 150,000 bonus points when you spend $5,000 within 90 days from card approval.
Value of rewards points
Spend $40,000 (Visa)
Spend $18,900 (Visa)
Spend $19,500 (Visa)
Spend $299,000 (Visa)
Uncapped
Never
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
Rates
-
20.99% p.a.
-
none
-
0% p.a. for 6 months and then 20.99% p.a.
-
none
-
21.74% 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?
Latest reviews of Citi Prestige
- Overall10/10
Great banking
This bank is awesome
Read full review
This bank is awesome
Price10/10Features-Customer service-Convenience-Trust-Less
Pariz | Queensland
reviewed about 2 years ago
- Overall0/10
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.
Price0/10Features0/10Customer service0/10Convenience0/10Trust0/10Less
Nathalie | Northern Territory
reviewed about 4 years ago
- Overall9/10
Unsurpassable, quality service
On the many occasions when I have had questions or issues to pursue, citibank staff that I have...
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.
Price8/10Features6/10Customer service8/10Convenience7/10Trust8/10Less
Albert | South Australia
reviewed about 4 years ago
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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1 point per dollar on Visa, uncapped
19.99% p.a.
$49 $0 in the first year
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Platinum (Purchase Rate Offer)
1 point per dollar on Visa, up to $10,000 per month
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Velocity Platinum Card
1.25 points per dollar on Amex, uncapped
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$129 $64 in the first year
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0.75 points per dollar on Mastercard, up to $3,000 per month, then
0.4 points per dollar on Mastercard, uncapped
19.99% p.a.
$49 $29 in the first year
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ANZ
Rewards Travel Adventures Card
1.5 points per dollar on Visa, up to $2,000 per month, then
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20.24% p.a.
$225
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Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
$299 $199 in the first year
19.99% p.a.
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Everyday Platinum Credit Card
0% p.a. for 14 months and then 21.99% p.a.
$49 $0 in the first year
19.99% p.a.
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Platinum (Balance Transfer Offer)
0% p.a. for 26 months and then 21.74% p.a. (1.50% balance transfer fee)
$199 $0 in the first year
20.99% p.a.
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Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 6 months and then 20.99% p.a.
$129 $64 in the first year
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0% p.a. for 12 months and then 21.99% p.a.
$129 Refunded when you spend over $6,000 p.a
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0% p.a. for 14 months and then 21.74% p.a.
$99 $0 in the first year
12.99% p.a.
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Coles
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0% p.a. for 15 months and then 19.99% p.a.
$58
12.99% p.a.
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Clear Platinum
12.99% p.a.
$99 $0 in the first year
0% p.a. for 14 months and then 21.74% p.a.
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11.99% p.a.
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0% p.a. for 13 months and then 21.74% p.a.
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0% p.a. for 14 months then 20.74% p.a.
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12.99% p.a.
$58
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NAB
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0% p.a. for 6 months then 13.99% p.a.
$59
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Low Rate Platinum Card
0% p.a. for 15 months then 13.99% p.a.
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19.99% p.a.
0% p.a. for 18 months and then 21.99% p.a.
$299 $199 in the first year
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Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months and then 21.99% p.a.
$49 $0 in the first year
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Citi
Platinum (Purchase Rate Offer)
0% p.a. for 13 months then 20.99% p.a.
0% p.a. for 13 months and then 21.74% p.a. (1.00% balance transfer fee)
$149 $49 in the first year
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Velocity Platinum Card
20.74% p.a.
0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
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Virgin Money
Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 14 months then 20.74% p.a.
0% p.a. for 6 months and then 20.99% p.a.
$129 $64 in the first year
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Qantas Money
Qantas Premier Everyday
19.99% p.a.
0% p.a. for 12 months and then 21.99% p.a.
$49 $29 in the first year
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Citi
Clear Platinum
12.99% p.a.
0% p.a. for 14 months and then 21.74% p.a.
$99 $0 in the first year
