This was posted 4 years 5 months 15 days ago, and might be an out-dated deal.

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Citibank Platinum Rewards Credit Card, 120k Points (80k with Min Spend $3000/90 Days & 40k after 1 Yr), $49 Annual Fee 1st Yr

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Citibank Platinum Rewards Credit Card, 120k Points (80k with Min Spend $3000/90 Days & 40k after 1 Yr), $49 Annual Fee 1st Yr
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vicccta on 22/11/2019 - 14:56 www1.citibank.com.au (2024 clicks)
Last edited 22/11/2019 - 15:56

I know many already have the Citibank Signature, but this post is more for those that missed out on the Signature Fee Free Card.

Details from Citibank Site:
  • Around 15 minutes to complete the application
  • Earn more than $35,000 a year
  • Be 18 years or older and an Australian resident
  • Min credit limit $6,000, Max credit limit $100,000
Citibank Platinum Credit Card:

Receive up to 120,000 bonus Points (more than the usual 100,000 that they do every year, but you have to stay with them for the year to get the additional 40,000):

Be rewarded with 80,000 bonus Points when you spend $3,000 on your Citi Rewards Platinum Credit Card in the first 90 days from approval and an additional 40,000 bonus Points on your first anniversary. That’s currently $550 worth of gift cards to spend in Myer, David Jones, Bunnings, Coles or many more of Australia’s favourite retailers.

  • Discounted annual fee - $49 annual fee in the first year (reverts to a discounted $149 fee in subsequent years)
  • 0% p.a. for 15 months on balance transfers (1% balance transfer fee applies) - Cash advance rate applies after 15 months
  • Interest free days - Enjoy up to 55 days interest free on your purchases.
  • Free wine when you dine - Receive a complimentary bottle of wine on us every time you dine at hundreds of > partner restaurants.
  • Complimentary International Travel Insurance, Purchase Cover Insurance and Extended Warranty Insurance.
  • Exclusive access to the hottest tickets in town - With Visa Front Line Access, get your hands on some of the hottest tickets in town before they're released to the general public.
  • Point earn rate is 1 Point per dollar.
    (From previous year's post - thanks jdogg)
Linked - Diner's Club:
  • Earn an extra 10,000 bonus Points with a Linked Diners Club Card
  • Earn Points faster with a Linked Diners Club Card.
  • Simply request a Linked Diners Club Card when you apply and spend on it within 90 days of approval to earn an extra 10,000 bonus Points.

I have clarified with their live chat that the Linked Diner's Club is linked free with the card and does not have an annual fee attached.

Financial Credit Card

Related Stores

Citibank Australia
Citibank Australia

closed Comments

  • Lesco Brandon on 22/11/2019 - 15:01

    Existing cardholders qualify?

    • vicccta on 22/11/2019 - 15:18
      +1

      I just asked in live chat:

      Yes. As long as the current account is active more than 9 months and no limit increase request within 6 months.

      • Lesco Brandon on 22/11/2019 - 15:24

        Awesome. Cheers

      • jace88 on 22/11/2019 - 19:19

        Really…? even if we have a Citibank qantas credit card?!

    • 00 on 22/11/2019 - 15:38

      I contacted Citibank live chat and asked about the Qantas Bonus points offer for current card holders.

      They said that bonus points promotions are only available to new accounts opened and not existing card holders.

      edit: Citi told me yes. So long as you meet the usual eligibility (financial) requirements. I initially asked about the Qantas Citi card (where this deal is for Citi rewards, not Qantas points)

      • Stahh on 22/11/2019 - 15:56

        Are supplementary card holders included in this?

        • 00 on 22/11/2019 - 16:00
          +3

          I'm not citibank…….

      • jace88 on 22/11/2019 - 19:20

        Your edit confuses me - so you can still get it as long as it’s a new account and you already hold existing Citibank credit cards?

  • Stahh on 22/11/2019 - 15:12

    Do secondary card holders mean you cant re apply for this and get the bonus?

  • Pcoder on 22/11/2019 - 15:21
    +8

    People remember, banks own point schemes are always worse then the airlines. A good example is a $100 coles/woolworths card.

    A $100 voucher at QF is 19,000, a Coles $100 at Velocity is 19,000, but the same voucher at citi is 22,300.

    The conversion rate is also 2:1 for velocity, so its only about 60,000 velocity points total.

    • [Deactivated] on 22/11/2019 - 15:30
      +1

      and that 60k is actually 40k for meeting the spend with another 20k after paying a $149 annual fee for the second year.

    • 00 on 22/11/2019 - 15:43

      So please translate. What will $120K of bonus points equate to in real dollars?

      • [Deactivated] on 22/11/2019 - 15:48
        +1

        at 1c per velocity point

        $49 fee = $400 in points with $3k spend, then $200 in points for $149 fee and waiting 12 months.

        • [Deactivated] on 22/11/2019 - 16:50

          it's actually 2.5 points for 1 velocity so

          $49 fee = $320 in points with $3k spend, then $160 in points for $149 fee and waiting 12 months.

          Pretty crappy deal.

  • alz on 22/11/2019 - 15:29

    Can I apply for this and get points even though i got Qantas Premier card (Citi issued)

    • 00 on 22/11/2019 - 15:44

      Citi told me yes. So long as you meet the usual eligibility (financial) requirements.

      Even if you have an existing Qantas Citi Premier card

  • Make it so on 22/11/2019 - 15:49
    +3

    Just a warning, their customer service is beyond shocking:

    • The only time I had a credit card compromised was my Citibank card, which I hardly use online - likely an insider job
    • They warned me quickly about it being compromised, and the card was disabled. Yet they kept approving fraudulent payments, and I had to phone many times and lodge a claim to avoid having to pay these obviously fraudulent overseas transactions, made days after I blocked the card
    • My wife has been a secondary cardholder since 2013. When I got renewal cards, they wouldn't let her activate until they got a written letter with a certified copy of her ID (as account holder, I never submitted a shred of documentation to get this card - go figure). We kept calling until we got a REP who would simply just activate the card.

    Factor in the cost of your time before deciding this is a bargain.

  • mcnugget on 22/11/2019 - 15:50
    +3

    $49 for 32k Velocity points or 100k Qantas points year one with Citi Qantas Signature…

    Effectively only 60k for $198 if you opt for the second year. Suggest amending the title as a bit misleading in terms of fee and points value.

    • jj212 on 22/11/2019 - 16:02

      5k spend is up there! I guess one could book refundable accommodation!

  • MaccDogg on 22/11/2019 - 15:58

    I just got the 5k spend card. FML

  • BuddhaBoy on 22/11/2019 - 16:09

    I think the fee after one year should be around $400/year. Please correct me if I am wrong.

    • [Deactivated] on 22/11/2019 - 16:13

      you're wrong it's $149

    • Tuttle on 22/11/2019 - 17:09

      You have been: CORRECTED.

  • AirbusA389 on 22/11/2019 - 16:36
    +2

    i find the wording in this post way too convoluted. let's make things simpler:

    first year, $3000 spend within 90 days to qualify for 80,000 Citi Rewards points.

    2.5 Citi Rewards points = 1 Velocity point
    80k Citi Reward points = 32k Velocity points.

    after paying the $149 cc fees for 2nd year, additional 40k Citi Rewards (equivalent to 16k Velocity points) will be given.

    seems too much hassle…

    reference: https://www.citirewards.com/tygr-web/partnerProgramsListing.htm?sourceCode=GRCB&cmp=nav&lid=sub-nav|travel|points-transfer

    • chk on 25/11/2019 - 19:52

      agree it's not that great of a deal.

      Use the referral links for 140k citibank points in the first year, same card, same reduced annual fee in the first year ($49)

      • DerpFactory on 02/01/2020 - 13:36

        Don't you mean 100k citibank points in the first year? (80k + 20k referral)

        • chk on 02/01/2020 - 13:53

          Thats a separate offer I believe. I'll pm

  • Serathis on 22/11/2019 - 16:42

    Make sure you apply via referral link to earn another 20k points!

  • Marty-69 on 22/11/2019 - 16:46

    Just a warning, that bank is a mess…..
    I've been chasing my points for 4 months now. Didn't get any points for using the card and also still no bonus points. All I get is a lot of conflicting information and marketing calls and emails about cash offers, no QFF at all.

    "Around 15 minutes to complete the application"
    And about four hours on the phone in total to provide my Qantas details multiple times.
    A few hours to get my account name changed to exactly match my Qantas account (with or without space, but that's not a problem for any other bank or card and Qantas works with both).
    A few hours to email them, without any result.
    Every time they "change" something, I have to wait for the new statement period.
    They close cases because points are transferred, but not to me.

    Filed a complaint via the Citibank website, nothing….

    • [Deactivated] on 22/11/2019 - 16:52

      report them to the afca. that'll light a fire under their arse.

      https://www.afca.org.au/

  • DU99 on 22/11/2019 - 20:17

    over 20% plus interest rate

  • adrianhughes1998 on 22/11/2019 - 20:20

    So $200 for 120K points? No different from the Qantas branded ultimate card that also offers 120K points for $200 annual fee.

    • [Deactivated] on 23/11/2019 - 07:01

      much worse than that

      • adrianhughes1998 on 23/11/2019 - 11:34

        From all these threads I'm reading about Citibank it seems a lot of folks are struggling to get their Qantas points

  • Hogg on 23/11/2019 - 08:44

    This doesn't seem as good as their Qantas points deal.

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