Citi Signature

20.99% p.a.

0% p.a. for 15 months and then 21.74% p.a. (1.00% balance transfer fee)

$395 $199 in the first 1 year

Citi Signature Review

Rates and fees information correct as at 16 December 2017.

Review published: 19 April 2013

What's hot:

  • Complimentary features like travel insurance and concierge

  • 120,000 bonus points (conditions apply)

  • 1 point per dollar on Visa

  • Points never expire

What's not:

  • 20.99% purchase rate

Mozo snapshot:

The Citi Signature card is for high-flyers. Customers who earn over $75,000 a year gain access to an incredible array of rewards, including a concierge service, travel insurance and Citi's exclusive Dining Program. You can receive 120,000 bonus points when you spend $3,000 on the card (must be within 90 days of getting the card) and a discounted annual fee of $199 for the first year.

Key features:

The rewards the Citi Signature card offers help to offset the sting of the relatively high yearly fee of $395 ($199 for the first year) and steep purchase rate of 20.99%.

Earning reward points is easy and quick - you will receive 1 point per $1 spent on all eligible domestic spend, and the points earning is uncapped meaning you can save them up for something fab.

The Signature card is especially well-suited to travellers. Not only does every dollar spent internationally convert to four reward points, but the card also comes with complimentary travel insurance, concierge service and airport lounge visits. 


Who it's good for:

The Citi Rewards Signature credit card suits anyone who is earning over $75,000 a year and is interested in a card that comes with plenty of perks.

Any catches?

Get into the habit of paying your balance off in full each month or you'll be paying a high 20.99% interest rate on those purchases.

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 Signature

Citi

Citi Signature credit card review

Overall rating   1 / 10

Surprise fees

I only joined because of a "no annual fee" for lifetime offer. If you are very careful it is alright. I thought I was, but even so, I have lost hundreds of dollars from unexpected fees. The last foreign currency transaction costed me $35 on top of...

Full review

I only joined because of a "no annual fee" for lifetime offer. If you are very careful it is alright. I thought I was, but even so, I have lost hundreds of dollars from unexpected fees. The last foreign currency transaction costed me $35 on top of the transaction itself.

    Price   1 / 10

    Features   2 / 10

    Customer service   2 / 10

    Convenience   8 / 10

    Trust   0 / 10

Less

Aximili (VIC), reviewed almost 2 years ago

Citi

Citi Signature credit card review

Overall rating   7 / 10

Great customer service

Have been with this bank for quite a few years. Points are great if you know how to use them. Fees are ok as long as you pay in time.

Full review

Have been with this bank for quite a few years. Points are great if you know how to use them. Fees are ok as long as you pay in time.

    Price   7 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   3 / 10

    Trust   5 / 10

Less

Lee (VIC), reviewed over 2 years ago

Citi

Citi Signature credit card review

Overall rating   5 / 10

Interest rate is high

Very ordinary.

Full review

Very ordinary.

    Price   4 / 10

    Features   5 / 10

    Customer service   4 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

David (NSW), reviewed over 2 years ago

Citi

Citi Signature credit card review

Overall rating   8 / 10

Excellent customer service and great rewards

I like this bank because if a transaction comes from a merchant not previously used by me I get a call immediately to verify it was me. They are extremely understanding and sympathetic for late payments and reverse late payment fees and interest.

Full review

I like this bank because if a transaction comes from a merchant not previously used by me I get a call immediately to verify it was me. They are extremely understanding and sympathetic for late payments and reverse late payment fees and interest.

    Price   6 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Miriana (NSW), reviewed over 2 years ago

Citi

Citi Signature credit card review

Overall rating   3 / 10

Ridiculously inflated interest rates

With the current interest rates at record lows, credit cards at over 21% is at extortion levels, they are legal loan sharks. They should be made to re configure their rates in keeping with the current environment. I pay my account out in full...

Full review

With the current interest rates at record lows, credit cards at over 21% is at extortion levels, they are legal loan sharks. They should be made to re configure their rates in keeping with the current environment. I pay my account out in full every month so it does not affect me like it would with others less fortunate than me.

    Price   0 / 10

    Features   3 / 10

    Customer service   5 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

David (NSW), reviewed over 2 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.
  • 2 Points per $1 for eligible international purchases, uncapped.
  • Instant discounts via Citi World Privileges

Privileges

  • Concierge
  • Travel Insurance
  • Extended Warranty
  • Purchase Protection

Special offers

  • Receive 120,000 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...

Rates

  • 20.99% p.a.

  • none

  • 0% p.a. for 15 months and then 21.74% p.a. (1.00% balance transfer fee)

  • yes

  • 21.74% p.a.

  • 55

Fees

  • $395.00

  • $199 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.

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