Citi Qantas Signature

20.99% p.a.

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

$444 $248 in the first year

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

  • Points are automatically credited to the Qantas Frequent Flyer program.
  • All rewards are redeemed via Qantas Frequent Flyer
  • 1 Qantas Point per $1 for eligible International Spending, points uncapped.
  • Instant discounts via Citi World Privileges

Privileges

  • Concierge
  • Travel Insurance
  • Extended Warranty
  • Purchase Protection

Special offers

  • Receive 50,000 bonus Qantas Points when you spend $2,000 within 90 days from card approval.

Value of rewards points

  • Need to spend $32,320 (Visa)

  • Need to spend $16,000 (Visa)

  • Need to spend $240,000 (Visa)

  • at $20,000 monthly

  • Never

Details behind our 'value of rewards' calculations

  • 0.5 points per dollar on Visa, up to $20,000 per month

  • 16160 points buys a Myer $100 Gift Card

  • 8000 points buys a Qantas Sydney-Melbourne flight

  • 120000 points buys a Qantas Sydney-London flight

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

Rates

  • 20.99% p.a.

  • none

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

  • yes

  • 21.74% p.a.

  • 55

Fees

  • $444.00

  • $248 in the first 1 year

  • none

  • none

  • $10.00

  • 3.5%, min $3.50

  • 3.40%

  • $7.00

  • $7.00

  • $0.00

Other financial bits

  • $30.00

  • 2.0

Features

  • 4

  • none

  • Free wine every time you dine with the Citibank Dining Program.

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.

How are Citi credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
5.7

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 Qantas Signature

Citi

Citi Qantas Signature credit card review

Overall rating   6 / 10

Good up to now

Will be changing in the near future as they are changing their policy in regards to earning points from BPAY payments

Full review

Will be changing in the near future as they are changing their policy in regards to earning points from BPAY payments

    Price   5 / 10

    Features   7 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   6 / 10

Less

Mark (VIC), reviewed over 2 years ago

Citi

Citi Qantas Signature credit card review

Overall rating   9 / 10

Great overall product

Really good service, easily accessibly on line and on the phone.

Full review

Really good service, easily accessibly on line and on the phone.

    Price   5 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Peter (WA), reviewed almost 3 years ago

Citi

Citi Qantas Signature credit card review

Overall rating   6 / 10

Expensive cost

Expensive credit card, should be free.

Full review

Expensive credit card, should be free.

    Price   0 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   5 / 10

    Trust   10 / 10

Less

Geoffrey (NSW), reviewed about 3 years ago

Citi

Citi Qantas Signature credit card review

Overall rating   3 / 10

Too much trouble so I prefer to use my ANZ card!

MyCard from citibank. No banking facility outside Sydney so I am forced to use Australia Post at a fee. Money transferred takes 2 to 5 days to be credited - Why with electronic banking! They debit my account instantly!

Full review

MyCard from citibank. No banking facility outside Sydney so I am forced to use Australia Post at a fee. Money transferred takes 2 to 5 days to be credited - Why with electronic banking! They debit my account instantly!

    Price   2 / 10

    Features   6 / 10

    Customer service   0 / 10

    Convenience   8 / 10

    Trust   1 / 10

Less

Peter (NSW), reviewed about 3 years ago

Citi

Citi Qantas Signature credit card review

Overall rating   6 / 10

Good when free

Online facilities are a bit hard to use. No fees is a plus though.

Full review

Online facilities are a bit hard to use. No fees is a plus though.

    Price   8 / 10

    Features   7 / 10

    Customer service   6 / 10

    Convenience   4 / 10

    Trust   6 / 10

Less

David (QLD), reviewed almost 4 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.

**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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