Citi

Citi Prestige

Purchase rate

20.99% p.a.

Balance transfer rate

No current offer

Annual fee

$700

Rewards program

Citi Rewards

Citi Prestige

Purchase rate

20.99% p.a.

Balance transfer rate

No current offer

Annual fee

$700

Rewards program

Citi Rewards

Details

Details

Mozo Review Citi Prestige Review

Last updated: 11 October 2018.

What's hot:

Up to 400,000 bonus points (monthly spend applies)
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 up to 400,000 bonus points on offer when you spend $1,000 a month for 20 months, 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 can even be spent directly on Amazon. Plus, if you spend $1,000 each month for the first 20 months from card approval, you’ll kick start your points stash with 20,000 bonus points per month - a massive total of 400,000 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

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

Earn 20,000 bonus points each month $1,000 or more is spent on eligible transactions for the first 20 months.

Value of rewards points

Earn $100 cash back reward

Spend $40,000 (Visa)

Earn $100 gift card reward

Spend $18,900 (Visa)

Earn domestic flight: Sydney-Melbourne one-way reward

Spend $19,500 (Visa)

Earn international flight: Sydney-London return reward

Spend $299,000 (Visa)

Are points capped?

Uncapped

Do points expire?

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

Purchase rate

20.99% p.a.
Intro purchase rate

none
Balance transfer rate

No current offer
Balance transfer revert to cash

none
Cash advance rate

21.74% p.a.
Interest free days

44

Fees

Annual card fee

$700.00
Introductory annual fee

none
Annual fee spend threshold

none
Reward program fee

none
Late payment fee

$10.00
Cash advance fee

3.5%, min $3.50
Foreign exchange margin

3.40%
Duplicate statement fee

$7.00
Transaction verification fee

$7.00
Additional card fee

$0.00

Features

Minimum repayment amount

$30.00
Minimum repayment percent

2.0
Additional cardholders

4
Other restrictions

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 1249 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

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 1 year 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 3 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...

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 almost 4 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.

See Citi credit cards

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Clear Platinum

Purchase rate

12.99% p.a.

Balance transfer rate

0% p.a. for 14 months and then 21.74% p.a.

Annual fees

$99 $0 in the first year

Citi Prestige

Mozo Review Citi Prestige Review

What's hot:

What's not:

Mozo snapshot:

Key features:

Who it's good for:

Any catches?

Rewards program details

What your points get you

Points earning

Rewards scheme

Special offers

Value of rewards points

How do we calculate the rewards?

Rate and fee details

Rates

Fees

Features

Payment options

Rewards privileges

Customer Reviews

How are Citi credit cards rated by the Mozo community?

Overall customer rating

Latest reviews of Citi Prestige

Great banking

Can't provide

Unsurpassable, quality service

About Citi