Citi Rewards Credit Card - 100,000 Bonus Velocity Points ($3000 Spend in 90 Days), $199 Annual Fee ($99 First Year) @ Citibank

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Hi Velocity Points collectors!

Sharing a new offer for the Citi Rewards Credit Card, which is offering 100,000 bonus Velocity Points when you spend $3,000 within the first 90 days of approval. You'll also get complimentary purchase and travel insurance covers, as well as a discounted first year annual fee.

Card Features & Info

  • Earn 100,000 bonus Velocity Points when you spend $3,000 on eligible purchases within the first 90 days. That's enough for one-way business class flight from Sydney to Los Angeles - from 95,500 points - when we can travel overseas again! Or, more than enough points for a return business class flight from Sydney to Perth or from Melbourne to Auckland - both from 71,000 points.
  • Annual fee of $99 for the first year, increasing to $199 in subsequent years
  • Balance transfer offer of 0% p.a for the first 15 months with no balance transfer fee. Rate reverts to the cash advance rate, currently 22.24% p.a., and no interest-free days apply to purchases when you have a balance transfer.
  • Earns 1 Citi reward Point per $1 spent domestically (capped at $10,000 per statement period) and 1 Point per $1 on international spend. Note that Citi reward Points can be transferred to Velocity ongoing at a rate of 2.5 to 1.
  • Purchase rate of 21.49% p.a. with up to 55 days interest-free
  • Complimentary international travel insurance, transit accident insurance, purchase cover insurance, extended warranty insurance and guaranteed pricing scheme.
  • Free wine when you dine at partner restaurants through the Citibank Dining Program.
  • Compatibility with Apple Pay & Samsung Pay
  • Minimum credit limit of $6,000 - Maximum credit limit of $100,000

Eligibility Criteria

  • Minimum annual income: $35,000
  • You must be at least 18 years old and an Australian resident
  • Maximum balance transfer amount is 80% of your approved credit limit and you cannot transfer balances from Citi

Detailed Review
If you'd like to read a detailed review of this credit card offer, check out Finder

Related Stores

Citibank Australia
Citibank Australia
finder.com.au
finder.com.au
Third-Party

Comments

  • can you have a existing citi credit card and get points?

  • A good deal?

  • Wow massive.

  • How much are Velocity points worth these days on the open market?

  • IF in future they allows points to be transfer to Krisflyer this would be even more valuable.

  • Not so good for earning points with spend ?

    Earn 1 Citi reward Point per dollar on Eligible Transactions

    Earn Citi reward Points on all Eligible Transactions and redeem them for Velocity Points, digital gift cards and more.

    With 2.5 Citi reward Points converting into 1 Velocity Point

  • Is the no annual fee signature still available?

    • no . Tip you can do a family transfer of citirewards points from platinum to the premier card latter on by writing letter so then you get a better converting ratio into Velocity Points

      • So can you transfer Signature points to Premier as well? Is the conversion significant better or only slighthly?

  • Applied in the morning, just got approved.
    Credit card number 5.

    • Can I ask are you checking to see if there's a close date in the credit report before applying for a new cc or once you close you wait a few days before applying for a new one?

    • 5 for the year? Not a bad effort.

  • Can this card be added to google pay after being approved for immediate use?

    • I don't think you can. Won't you need the expiry and the 3 numbers at the back?

      • I know Westpac has a digital card which you can add to GPay immediately

      • Bummer. Havnt used a physical credit card in years…havnt needed to carry a wallet apart from when I need ID!

    • I think Westpac offers a digital card after full approval and I know NAB will allow you to do Tap and pay transactions right away with NAB pay. I dont think Citi cards do it.

  •  

    Hey txb, no Citi cards aren't available for immediate use. Please also note that they are not compatible with Google Pay yet - Apple Pay and Samsung Pay only.

  • I can't see anything about the usual "bonus points only available to customers who have not held a Rewards CC with Citi in the last 12 months etc.".
    Am I missing it?

    I only just closed this a month or two ago: https://www.ozbargain.com.au/node/563405
    Normally Rewards CC's and Frequent Flyer CC's don't impact each other's cool downs, but in this case Citi calls them both "Rewards".
    If I apply, am I still eligible for the bonus points?

  • Definitely keen on this after seeing it, been a while since I’ve signed up for a CC points promo. Might just spend on Coles and Woolworths gift cards to make up the $3K as I doubt I’ll spend that much in three months anyway. Thanks OP!

    Seems it’s valid till June 30, not bad.