Citi Rewards Credit Card (Bonus Points)

21.49% p.a.

0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

Citi Rewards Program

Citi Rewards Credit Card (Bonus Points)

21.49% p.a.

0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

Citi Rewards Program

Mozo Review   Citi Rewards Credit Card (Bonus Points) Review

Last updated: 20 January 2020.

What's hot:
  • 80,000 bonus points when you spend $3,000 within 90 days from card approval

  • 0% p.a. balance transfer rate for 15 months (1% BT fee)

  • $49 annual fee in the first year ($149 after)

What's not:
  • High 21.49% purchase rate

  • High 22.24% cash advance rate

Mozo snapshot:

Who doesn’t like getting extra rewards from using their credit card? The Citi Platinum rewards program means you’ll be racking up flights and gift cards that make spending all the more rewarding. Choose the Bonus Points Offer on the Citi Rewards card and you can earn 80,000 bonus points when you spend $3,000 within 90 days from card approval with an additional 40,000 bonus points awarded on payment of the second year annual fee.


Key features:

If you’re into earning extra rewards like free flights or cashback, then you’re in luck because that’s exactly what’s on offer with the Citi Rewards credit card. For every dollar you spend you’ll get 1 point, capped at 10,000 points per statement period. But, the good news for travellers and online shoppers is you can earn unlimited points on eligible international vendors.

By choosing the Citi Rewards Bonus Points Offer, you can earn 80,000 bonus points on the Citi Rewards card. How? Just spend $3,000 within 90 days from card approval. Not too shabby!

You can also earn 1 point per $1 on regular spends, capped at $10,000 a month in Australia, or uncapped on international spends. Just keep an eye on the 3.40% foreign exchange margin.

Considering all that rewards value, the annual fee of $149 is fairly competitive, plus for the first year you’ll only pay $49.

Having your purchases instantly incur interest can be a tad confronting, so the up to 55 interest free days gives you that little breathing room. But if you do miss a payment you’ll be hit with a $30 late payment fee, so beware.

If you’re looking to clear some debt, this card also comes with a 0% balance transfer offer for 15 months, with a 1% BT fee. After that, the interest on any leftover balances reverts to the cash advance rate of 22.24%, so make sure you pay off your balance before the interest free period ends. And keep in mind, you won't get interest free days on new purchases while you're using the balance transfer offer.

Who it's good for:

If you’re a big spender wanting to plump up your points stash and cash in on all the premium extras your heart desires, this card could be the perfect pick for you.

Any catches?

While additional cardholders are a great way to rack up extra points and you can have up to 4 of them, it’ll cost you $90 per extra card.

Rewards program details

Rates and fees information correct as at 22 January 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 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

Special offers

Receive 80,000 bonus points when you spend $3,000 within 90 days from card approval and an additional 40,000 bonus points on payment of the second year annual fee.

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 15 months and then 22.24% p.a. (1.00% balance transfer fee)

  • yes

  • 22.24% p.a.

  • 55

Fees
  • $149.00

  • $49 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

Customer Reviews

How are Citi credit cards rated by the Mozo community?

Overall customer rating
5.2/10

Based on 1263 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 Rewards Credit Card (Bonus Points)

  • Overall 9/10
    Good service.

    Very good. Cheap international fees. ATMs worldwide and good conversion rates.

    Read full review

    Very good. Cheap international fees. ATMs worldwide and good conversion rates.

    Price
    7/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Nathan, South Australia reviewed 2 months ago
  • Overall 2/10
    Offer the world, then take it away later.

    Citi offered so many things to switch to them quite a few years ago, then a couple of years later took them away. They have only 2 branches in the city that I'm aware of, and at both, it is incredibly difficult to get assistance. They are understaffed, and staff on hand don't have the authority to fix many problems.

    Read full review

    Citi offered so many things to switch to them quite a few years ago, then a couple of years later took them away. They have only 2 branches in the city that I'm aware of, and at both, it is incredibly difficult to get assistance. They are understaffed, and staff on hand don't have the authority to fix many problems.

    Price
    5/10
    Features
    4/10
    Customer service
    1/10
    Convenience
    4/10
    Trust
    1/10
    Less
    Paula, Victoria reviewed 3 months ago
  • Overall 0/10
    They don't listen when something goes wrong

    Citi are like most other banks, they charge too much interest on credit but they do remind you if you are late.....usually. Where they fall down is when you want to leave. I finally paid mine off & left a credit in the account & requested it to be closed, this didn't occur so the account was hit with an annual fee which I didn't realise for months as I never looked at the account, I received no calls to say anything was wrong until much later when there were also late payment fees. The account was now hundreds overdrawn so I told them what happened, requested it all be reversed & the account closed, not to call me but email for anything. The calls started coming thick & fast & I refused to answer but no emails were received. The same thing happened with my NAB credit card but NAB immediately reversed everything, closed the account & apologised but Citi just kept calling. I kept refusing to answer & kept emailing them with the same request to stop calling, reverse everything & email me. Multiple requests later & they are still not responding apart from the phone calls so I'll be making a formal complaint to the Australian Financial Complaints Authority (AFCA).

    Read full review

    Citi are like most other banks, they charge too much interest on credit but they do remind you if you are late.....usually. Where they fall down is when you want to leave. I finally paid mine off & left a credit in the account & requested it to be closed, this didn't occur so the account was hit with an annual fee which I didn't realise for months as I never looked at the account, I received no calls to say anything was wrong until much later when there were also late payment fees. The account was now hundreds overdrawn so I told them what happened, requested it all be reversed & the account closed, not to call me but email for anything. The calls started coming thick & fast & I refused to answer but no emails were received. The same thing happened with my NAB credit card but NAB immediately reversed everything, closed the account & apologised but Citi just kept calling. I kept refusing to answer & kept emailing them with the same request to stop calling, reverse everything & email me. Multiple requests later & they are still not responding apart from the phone calls so I'll be making a formal complaint to the Australian Financial Complaints Authority (AFCA).

    Price
    3/10
    Features
    3/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    0/10
    Less
    Barry, South Australia reviewed about 1 year ago
  • Overall 5/10
    Average overall

    High interest rates and their membership fee is too expensive.

    Read full review

    High interest rates and their membership fee is too expensive.

    Price
    3/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Ophelia, New South Wales reviewed about 3 years ago
  • Overall 6/10
    Good credit card provider

    I enjoy the fact that there are no annual fees. Customer service is also pretty good.

    Read full review

    I enjoy the fact that there are no annual fees. Customer service is also pretty good.

    Price
    7/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Elsie, Victoria reviewed about 3 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.

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