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Citi Rewards - e-voucher Offer

Purchase rate
21.49% p.a.
Balance transfer rate
0% p.a. for 12 months and then 22.24% p.a.
Annual fees
$199 $99 in the first year
Interest free days on purchases
55
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Mozo editorial review Citi Rewards - e-voucher Offer

Last updated: 10 September 2020.

binocular icon
What's hot
  • $500 e-voucher if you meet spending conditions
  • 0% balance transfer for 12 months (reverts to cash rate after)
  • Discounted annual fee in the first year
What's not
  • $199 annual fee from second year
Mozo snapshot

Whether you want to clear your credit card debt, or want to be rewarded for your spending, or both - the Citi Rewards credit card e-voucher offer might be for you! With this card not only can you take advantage of a 0% balance transfer rate for the first 12 months (22.24% after), you’ll also receive a discounted $99 annual fee in the first year ($199 after). But that’s not the only perk. Customers can also receive a $500 e-voucher to spend at Myer, JB Hi-Fi or coles when they spend $3,000 on their card in the first 90 days from approval.

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Key features

There’s definitely more than one thing worth noting when it comes to the Citi Rewards e-voucher offer. 

Let’s start with the balance transfer. For those looking to pay down their credit card debt, they can opt for a 0% balance transfer rate for the first 12 months - and there’s no balance transfer fee attached either. Just bear in mind though, the rate will revert to the hefty 22.24% cash rate after the first year and your balance transfer can’t exceed 80% of the credit card limit. 

Love a discount? Then you’ll be pleased to know that Citi discounts the annual fee on its Rewards cards in the first year, to $99. From the second year though, you’ll have to budget for $199. 

Another major perk of the Citi Reward e-voucher offer is exactly that, the e-voucher! With this card if you spend $3,000 on eligible purchases within the first 90 days from approval, you’ll receive a juicy $500 gift voucher to spend at Myer, JB Hi-Fi or Coles. 

And if that’s not enough, cardholders will receive 1 Citi rewards point per $1 spent on Mastercard, plus will also get up to 55 day interest-free on eligible purchases. Just remember, no interest free days apply during the balance transfer period.

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Who is it good for

This credit card is the perfect option for a customer looking for more perks than one. For those that need to rid themselves of credit card debt they can take advantage of the 0% balance transfer offer. While those who want some return for their spending can benefit from the $500 e-voucher that’s up for grabs. 

Don’t waste time though, because both offers end 30 November 2020.

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Any catches

It’s important to note that cash advances, balance transfers, refunds, chargebacks, special offers and Diners Club spending do not contribute to the e-voucher spending threshold.

Rewards program details

Rates and fees information correct as at 29 September 2020. 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

22,300 points

$100 Cash

40,000 points

Points earning

1 point per dollar on Visa, up to $10,000 per month

Rewards scheme

Transfer points to a range of airline programs including flybuys 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.

Points uncapped for eligible international purchases.

Instant discounts via Citi World Privileges

Value of rewards points

Spend $40,000 (Visa)

Spend $22,300 (Visa)

Spend $19,500 (Visa)

Spend $299,000 (Visa)

at $10,000 monthly

Never

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.

Close

Rate and fee details

Rates
  • 21.49% p.a.

  • none

  • 0% p.a. for 12 months and then 22.24% p.a.

  • yes

  • 22.24% p.a.

  • 55

Fees
  • $199.00

  • $99 in the first 1 year

  • none

  • none

  • $30.00

  • 3.5%, min $3.50

  • 3.40%

  • $0.00

  • $7.00

  • $90.00

Features
  • $30.00

  • 2.0

  • 4

  • none

Payment options

Apple Pay, Samsung Pay

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

Receive a $500 e-voucher to spend at Myer, JB-Hi-Fi or Coles when you spend $3,000 in the first 90 days from approval.

Customer Reviews

How are Citi credit cards rated by the Mozo community?

Overall
5.2/10

Based on 1277 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
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.

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