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Citi Prestige Card - 20000 Points for 20 Months (with $1000 Monthly Spend) + Bonus 10000 Points (Annual Fee $499) @ Citibank

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Citi Prestige Card - 20000 Points for 20 Months (with $1000 Monthly Spend) + Bonus 10000 Points (Annual Fee $499) @ Citibank
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AssociatedPpohaau @ Point Hacks on 28/08/2018 - 10:34 www1.citibank.com.au (561 clicks)
Last edited 28/08/2018 - 10:57 by 4 other users

Citibank is currently offering up to 410,000 bonus points on its Citi Prestige card, plus additional 10,000 bonus Citi Rewards points when you apply for the Linked Diners Club Card

The Citi Prestige card allows you to:

  • Earn Citi Rewards points in the Citi Rewards program, or Qantas points in the Citi Qantas Rewards program
  • Transfer Citi Rewards points to high quality frequent flyer programs, including Velocity Frequent Flyer, Singapore Airlines KrisFlyer or Cathay Pacific Asia Miles
  • Transfer Citi Rewards points to high quality frequent guest programs, including IHG Rewards and Radisson Rewards
  • Unlimited entry into Priority Pass lounges worldwide
  • Complimentary night in a 4 or 5 star hotel per calendar year

To be eligible for these cards, you must have an annual income of $150,000 or more and be 18 years or over.

This offer ends 31 March 2019.

Terms & Conditions

  • Annual fee: $700 p.a.
  • Receive 20,000 bonus for every month you spend $1,000 or more on the Visa for the first 20 months from approval (400,000 maximum)
  • Apply for the Linked Diners Club Card and make your first spend to receive the additional 10,000 point bonus
  • $150,000 p.a. minimum income requirement
  • Offer expires: 31 March 2019

Point Hacks has a comprehensive guide on this card which can be found below:

https://www.pointhacks.com.au/credit-cards/citibank-prestige…

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closed Comments

  • 0.o on 28/08/2018 - 10:36
    +5

    If i had annual income of 150k, i wont be on ozbargain =P

    • Louis89 on 28/08/2018 - 10:39
      +1

      I just wanna say this requirement will kill the deal. : (

    • moo on 28/08/2018 - 10:39
      +12

      Common misconception. I’d imagine if your income increases, so does the value of your toys.

    • Turd on 28/08/2018 - 10:39
      +1

      Actually I would. The fun of it all is all fun!

    • AlgoTrading on 28/08/2018 - 10:48
      +3

      I can tell you once tax kicks in 150k won't be much

      • mbck on 28/08/2018 - 11:03

        45%?

      • railspider on 28/08/2018 - 11:10
        +2

        Spoken like a true 150k+ earner

      • get-innocuous on 28/08/2018 - 13:29

        That is ridiculous. Every dollar you earn at the high end is disposable income as you've already paid for your survival (food/housing/transport). You pay 37c tax on those dollars (same as everyone earning 80k+) but the rest is gravy.

    • dr_ rusko on 28/08/2018 - 10:49
      +2

      Then who are buying all the laptops / high end tv’s / iPhones. / drones / SSDs / amazing LEGO sets that get upvoted all the time?
      Surely you can see that ozbarhain is for people who won’t good deals not just those on a shoe string budget???!!

    • Xavier1128 on 28/08/2018 - 10:55
      -3

      Good point, now you guys happy?

  • moo on 28/08/2018 - 10:41
    +1

    Couple of important bits which you’ve missed out in your post:

    Annual fee: $700 p.a.
    Receive 20,000 bonus for every month you spend $1,000 or more on the Visa for the first 20 months from approval
    Apply for the Linked Diners Club Card and make your first spend to receive the additional 10,000 point bonus
    $150,000 p.a. minimum income requirement
    Offer expires: 31 March 2019

    • justtoreply on 28/08/2018 - 10:43

      Yikes. So, minimum cost $1400.

      Unless I can use points for grocery cards, I don't care about them (ie: bring the cost of living down). Can't see if woolworths/coles cards are even offered ("Myer, David Jones, JB Hi-Fi, Bunnings and many more"), let alone how many points are they?

      • danielh on 28/08/2018 - 10:49

        Not that worth it. it is the equivalent of 205,000 Velocity points over 20 months and that is worth $2050 in my books. Take away the $1400 then it is only giving you a bonus of $750 but you also need to maintain a high spend.

        • nightelves on 28/08/2018 - 10:53

          That’s what he meant I’m assuming.

        • spiff on 28/08/2018 - 10:56

          $650 not $750

        • justtoreply on 28/08/2018 - 10:57

          Woolworths, coles, Bunnings available. The points translate to $1950 of gift cards.

          I haven't begun abusing CC signups yet, but I think there's plenty of signup offers that provide points translating to around $400. This offer is $550. CBF (not that I even have $150k income)

      • josho9 on 28/08/2018 - 10:58

        But you also get priority pass and a free hotel stay.

        • justtoreply on 28/08/2018 - 10:59
          +2

          Totally fine, if you want those benefits.

          I can't foresee me travelling outside WA within the next 5 years. Probably 10. I have kids.

        • nightelves on 28/08/2018 - 14:07

          @justtoreply:

          Didn’t think kids would be an excuse not to travel.

  • DiGiT02 on 28/08/2018 - 10:44
    +3

    The high annual fee and the fact it will take 20 months to realise all the points gets a thumbs down from me

    Will wait for the next Amex Velocity 110K points promo

    • jakxon on 28/08/2018 - 10:45

      Agreed

  • spiff on 28/08/2018 - 10:57
    +2

    This card is for high(er) income earners and those who travel a lot on their own coin. I don't think this is for the everyday card churner chasing points.

  • jeppetto367 on 28/08/2018 - 11:06
    +2

    I wish some of the Fee Free For Life deals would come back.

  • PlasticSpaceman on 28/08/2018 - 11:17
    +1

    Thanks OP, a +1 from me but I'm not going to get it if only because I haven't been too happy with Citi recently so am jumping ship. I can see how this card could potentially be justified if you do a lot of travel. For example you get free breakfasts and $US25 credit per stay in some hotels, and two limo airport transfers each year, and unlimited priority pass lounge access. Those alone could possibly pay for the card, before considering the bonus points. Then there are other extras like pay for three nights and get one free, room upgrades, and an extra bonus 30,000 points per annum for CitiGold customers. The drawback for me is not the annual fee, or the requirement to spend $1k per month to get the bonus points, but the fact it's with Citi. It's a personal thing - I'm sure there must be people out there who have been happy with them.

    • Yola on 28/08/2018 - 12:01

      The actual points earn on purchases is poor for Citi cards.

    • payton on 28/08/2018 - 12:55
      +2

      It's a personal thing -

      is it because they spam you with SMS verification requests for every litle thing on citi online banking?

      • nightelves on 28/08/2018 - 14:08
        +1

        Yeap that definitely gets me. Why couldn’t their app just perfom like Macquarie.

      • PlasticSpaceman on 28/08/2018 - 14:22
        +4

        Nah - that and the constant offers to increase my credit limit etc I can cope with and/or ignore. Originally it started with a dodgey offer where they provided a lump sum of credit on my card with zero interest, but failed to mention that in the fine print it then meant that as soon as I used my card for anything I would be paying interest. There were a few other things like the two factor token system breaking a couple of times, but the most recent issue was when someone overseas managed to key in the right numbers and pay for something with my card. I contacted Citi when I spotted it and they said they couldn't do anything until it was billed by them. When that finally happened I had to contact them again and only then would they investigate it….. and I was charged again, on the card that had by then been cancelled for over two weeks, and again I had to wait until it was billed before they would do anything. My experience with other credit card companies are poles apart - I would be contacted by them saying there was a possible issue, confirming if it was a valid transaction and if not they would then chase it up. I do not believe that this is acceptable on what they claim to be a premium card. Basically, use them by all means if the product suits you but I'd make sure that each month you review all the charges - a good idea for any account, but I suggest even more so with Citi.

        Aside from all that, things like their reducing the value of existing points as well as earn rate and the shrinking number of restaurants you can go to and get a free bottle of wine with a meal, all has whittled away the value of the card for me. I've recently taken up the Westpac/Amex offer and plan to shift everything over to that, and also plan to take up other FF bonus offer cards as they become available.

        • payton on 28/08/2018 - 18:09
          +1

          yea i'm thinking of cancelling my fee-free for life card, I hardly use it

  • krisspy on 28/08/2018 - 12:18
    +1

    What's the credit limit? I would like to purchase a high yield investment with it.

  • Kuro on 28/08/2018 - 14:01

    Citi called me this morning offering me this. Found it weird they even called and they wanted to security check me as well. I declined the sec check, and they mentioned briefly bout the deal. Wouldn't budge on the annual fee. So no go.

    • nightelves on 28/08/2018 - 14:09

      Apprently someone on Ozbargain got upgraded to this and fee free for life.

      • arctan on 28/08/2018 - 15:30

        How can you get that deal?

        • nightelves on 28/08/2018 - 15:42

          I can't get that deal someone on Ozbargain did.

    • starburstyellow on 28/08/2018 - 15:09

      Someone here earns 150k.

  • dein_gesicht on 29/08/2018 - 08:26

    I'm actually my priority pass membership if people are keen - it's the top of the range unlimited use

  • arctan on 29/08/2018 - 10:38

    $499 annual fee is for first year only or for the life of the card?

    • PlasticSpaceman on 29/08/2018 - 13:32
      +1

      I think that's a typo in the title. It's actually $700 per annum including the first year. If you chose to earn Qantas FF points, that's an extra $49 on top ie a total of $749 per year.

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