Citi Rewards Platinum - $250 Cashback - $99 Annual Fee First Year

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rbleyer on 13/07/2016 - 13:20 citibank.com.au (615 clicks)
Last edited 13/07/2016 - 13:48 by 1 other user

$250 cashback when you spend $250 using payWave

• Earn $250 cashback when you spend a total of $250 on payWave purchases in Australia in the first 60 days from account approval. The $250 spend can be made over multiple transactions. Charge backs, refunds or fraudulent transactions are not eligible to receive the cashback. Cashback will be credited to the approved account within 8 weeks after the qualifying purchases have been made.

$99 Annual fee in the first year

• Subject to your acceptance you will be billed an annual fee of $99 in the first year and then a discounted $199 annual fee in subsequent years. An annual additional cardholder fee applies, currently $90 per card.

Then all the standard card features of the Citi Rewards Platinum with a 0% for 12 months on balance transfers available. The cashback will be interested for some people and its not very hard to do $250 spend in paywave. Good luck with your application if you are going to have a go.

Related Stores

Citibank Australia

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  JuanLove on 13/07/2016 - 13:26

  (profanity) these guys, nerfed the signature card into the ground so it's not worth a thing anymore. Watch as your "discounted annual fee in subsequent years" gets thrown out, or the conditions on the card do, making it worthless.

  EDIT: also, kickbacks on the link?

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    inamberclad on 13/07/2016 - 13:32

    +1

    what did they do to the signature card?

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  railspider on 13/07/2016 - 13:35

  +1

  Worth noting: Min income 35,000/year

  Seems like a pretty good deal for $151 net Cashback and 0% Balance Transfer; I can't see any annoying catches in the fine print.

  (Not sure, but is this an affiliate link OP? https://www.citibank.com.au/aus/credit_cards/cards_platinum.… seems to be the generic URL)

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    Moderatorneil on 13/07/2016 - 13:50

    Fixed (was a Google ads link). Please use report in future.

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  Dark Zeus on 13/07/2016 - 14:04

  Nice find but I got Citibank Signature with fee free for lifetime about 8 years ago.

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  coolsteps on 13/07/2016 - 14:47

  ref ". New cards customers only." does that simply mean it has to be a new application or existing cb cardholders with other types of cards cant qualify for this promo?

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  cornucopia on 13/07/2016 - 14:57

  If you're thinking of earning points on this 'deal' for transfer to QFF, read this (taken from Citi Platinum Rewards site):

  'Please note that from 1 April 2012, Citi Platinum cardholders are no longer able to opt in to Citi Qantas Rewards. Platinum cardholders who were enrolled into Citi Qantas Rewards prior to 1 April 2012, will now earn 1 Qantas Frequent Flyer point for every $2 spent on your Platinum card.'

  So no can do. I have an older Citi card now earning on QFF at half the original rate. That, coupled with the prohibitive 3.5% tax on overseas transactions, which means I have to use my 28 D card there, means that my QFF accumulation has trailed off to nix.

  Looking for suggestions of a worthwhile card deal for QFF points … so I can trash my Citi card!!

  • 

    muncan on 13/07/2016 - 20:19

    How about moving to a different Citi? 🤓

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    JIMB0 on 22/07/2016 - 18:12

    Have you looked at the ANZ black AMEX and Visa pair. 1.5 points per $ on Amex and 0.75 per $ on visa.

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  Haters.Inc on 07/09/2016 - 14:24

  If I get the card and do the following:
  1) Spend $250 on paywave to earn the $250 cashback
  2) Balance transfer the maximum 80% of the credit limit as a personal cheque
  3) Before the 12 month period is over, pay off the card balance in full

  Will that result in me not paying any fees? (except the $99 annual fee of course)

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  puffinfresh on 12/09/2016 - 19:32

  +2

  Ha! I just called to cancel after spending $250, getting the $250 credit and paying the $99 fee. To persued me to stay, they offered to refund the $99 fee. Surely they could see the only reason I signed up was for the free $151 since that's all I used the card for, then called to cancel. But hey, another free $99 isn't going to hurt.

  • 

    Haters.Inc on 26/09/2016 - 13:14

    Nice one!

    I might give this a shot once I receive the $250 credit.

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  Peck on 28/09/2016 - 14:32

  Note if you go via a referral you get 80,000 points which is redeemable for $400 Woolworths gift cards and the referrer gets 40,000.
  (Note, $249 annual fee is applicable if you use referral vs. $99 without)
  See: https://www.ozbargain.com.au/wiki/citibank_referrals