Citi Prestige

20.99% p.a.

0% p.a. for 6 months and then 21.74% p.a.


Citi Prestige Review

Review published: 28 June 2018

What's hot:

  • 150,000 bonus points if you spend $3,000 within 90 days from card approval

  • Up to 3 points per $1 on international spends

  • 0% balance transfer rate for first 6 months (21.74% afterwards)

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 if you spend $3,000 within 90 days of approval, as well as a number of situations where each dollar spent can earn you 2 or 3 points, instead of just 1. The one concession you need to make to get access to the cards rewards and privileges is 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 can even be spent directly on Amazon. Plus, if you spend $3000 in the first 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.

For purchases made 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.

If you are interested in transferring some other debts onto the Citi Prestige, for the first 6 months, you’ll have a 0% balance transfer rate (21.74% afterwards).

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.

How are Citi credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust

Based on 379
Citi credit cards reviews

5.0 5.8 5.5 5.5 5.7

Read Citi credit card reviews by the Mozo community

Latest reviews of Citi Prestige


Citi Prestige credit card review

Overall rating   0 / 10

Can't provide

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

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


Nathalie (NT), reviewed about 3 years ago


Citi Prestige credit card review

Overall rating   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...

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


Albert (SA), reviewed about 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Revealing rewards

How do we do it?

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.

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.


  • Concierge
  • Travel Insurance
  • Extended Warranty
  • Purchase Protection

Special offers

  • Receive 150,000 points when you spend $3,000 within 90 days from card approval. T&C’s apply.

Value of rewards points

  • Need to spend $40,000 (Visa)

  • Need to spend $20,900 (Visa)

  • Need to spend $15,600 (Visa)

  • Need to spend $239,200 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, uncapped

  • 40000 points buys a $100 credit

  • 20900 points buys a Myer $100 Gift Card

  • 1 points buys 0.5 Velocity Points; 7800 Velocity Points buys a Virgin Australia Sydney-Melbourne flight

  • 1 points buys 0.5 Velocity Points; 119600 Velocity Points buys a Velocity partner Sydney-London flight

* How did we do it? Find out...


  • 20.99% p.a.

  • none

  • 0% p.a. for 6 months and then 21.74% p.a.

  • yes

  • 21.74% p.a.

  • 44


  • $700.00

  • none

  • none

  • none

  • $10.00

  • 3.5%, min $3.50

  • 3.40%

  • $7.00

  • $7.00

  • $0.00

Other financial bits

  • $30.00

  • 2.0


  • 4

  • none

  • none

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.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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