This was posted 1 year 8 months 28 days ago, and might be an out-dated deal.

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Citi Premier Mastercard Credit Card: Bonus 100,000 Velocity Points ($4,000 Spend in 90 Days), $300 Annual Fee

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Citi Premier Mastercard Credit Card: Bonus 100,000 Velocity Points ($4,000 Spend in 90 Days), $300 Annual Fee
Go to Deal
Ehty on 28/07/2022 - 13:48 www1.citibank.com.au (575 clicks)
Last edited 30/12/2022 - 16:18 by 2 other users

Benefits of the Citi Premier credit card

Citi Reward Points
Earn Citi Reward Points - Earn up to 2 Citi reward Points per $1 spent on Eligible Transactions, up to 200,000 Points over a 12 month period

Luxury Escapes
Luxury Escapes – Enjoy 10% off (up to $250) Limited Time Lux Exclusive hotel offers until 1 March 2023

Deliveroo
Cashback on Deliveroo - Enjoy $10 cashback on one Deliveroo order of $25 or more every month until 31 December 2022

Annual fee

$300 in the first year. $150 in each subsequent year if you spend $48,000 on eligible purchases or cash advances in the previous year. Otherwise $300

Financial Credit Card Frequent Flyer MasterCard Reward Points Velocity Frequent Flyer

Related Stores

Citibank Australia
Citibank Australia
MasterCard AU
MasterCard AU
Marketplace
Velocity Frequent Flyer
Velocity Frequent Flyer
Marketplace

closed Comments

  • Willyslicks on 28/07/2022 - 13:54
    +5

    Pretty bad deal due to annual fee

    • doweyy on 28/07/2022 - 14:04
      +3

      Last time I took up and churned a Citi card (Nov 2021), they pro-rata refunded most of the AF after holding the card for 2 months. They should be able to refund the unused portion if you cancel early, just talk to them on live chat or over the phone to try and negotiate it.

      Even better now owned by NAB, NAB has the best pro-rata policy of all banks I've found.

      • Shadowsfury on 28/07/2022 - 14:07

        Good to know Citi did that too and not just NAB. Makes this a better deal than the 150k Velocity from the personal loan then I think.

      • Drakesy on 28/07/2022 - 15:25

        This is news to me
        So they refund now?

        • doweyy on 28/07/2022 - 16:04

          They don't provide it if you just cancel, but I didn't have any issue getting a refund / cheque by requesting a refund via live chat, it was really seamless. Only issue is that they generally send the refund via a cheque rather than removing it from the ending balance.

          I don't think I've ever been denied for an AF pro-rata from any provider and I've churned pretty much all of them. I always just call or live chat before cancelling and they generally give one.

          • ozbargainerlife1 on 25/08/2022 - 21:27

            @doweyy: can confirm Citi does pro-rata. I recently closed a card and got refund in mail

        • ccsdailydeals on 18/09/2022 - 18:32

          Just wanted to note that I signed up with the intention of reaching the spend amount within a month and then asking for a refund.

          I didn't read the fine print and just saw the following:

          • Citibank will request your velocity details 8 weeks from meeting the spend criteria.
          • The 100,000 Velocity points will be credited within 10 weeks from receipt of details
          • Your card must remain open for the Velocity points to be awarded

          So just FYI all in all you may end up only getting 6 months of the annual fee by the time the points are sorted.

  • alz on 28/07/2022 - 13:55
    +7

    Citi are good, they approved for the 60k bonus points and no annual fee on the card whilst a major bank who's first letter of their name starts with Westpac told me to get stuffed.

    Their app sucks though

  • agalea101 on 28/07/2022 - 14:18

    Usual 12 month waiting period from last Citi card closure?

    • starburstyellow on 28/07/2022 - 14:35

      Citi is usually 6 months.

    • caustic birch on 29/07/2022 - 19:28

      I've been accepted barely 2 months between cards from memory

      edit: was 6 months actually lol

      • ufwpd on 04/08/2022 - 16:31

        How long did approval take for you?

        • caustic birch on 04/08/2022 - 18:41
          +1

          I haven't applied for this yet - I meant accepted for Citi credit cards

        • caustic birch on 04/08/2022 - 19:11
          +1

          but generally Citi takes about a week from memory. One time after a week I called them up then they asked for income verification and it was approved the day after

  • kerfuffle on 28/07/2022 - 14:21

    You used to be able to get 100K Velocity points for a reduced annual fee of $99 (albeit a different product offering and $3000 spend). Won't sign up for this; would rather 60K points for no annual fee.

    Also worth noting no Google Pay/Wallet.

    • nightelves on 28/07/2022 - 14:54

      They do pro-rata the annual fee back if that helps. Two work colleague got theirs back from the Qantas card.

      • kerfuffle on 28/07/2022 - 16:24

        Still won't pay $300 annual fee; it's far too much when there are better options out there. Also do they? Because I cancelled my old Citibank credit card about ten months after I opened it and got nothing back.

  • pizzapock3t on 28/07/2022 - 17:06

    Are the bonus points strictly for velocity or can they be transferred to krisflyer?

  • merivetio on 28/07/2022 - 21:22

    Can the 100,000 be used to deduct from card balance/how much does it translate to in $$ using it to pay the card balance? Tried looking but (somewhat understandably?) That sort of info doesn't seem to be available without already owning the card/having access to the rewards portal.

    • kerfuffle on 28/07/2022 - 21:53

      No. You don’t earn Velocity points with this card. You earn Citi Rewards points.

    • Shadowsfury on 28/07/2022 - 21:54

      no cant

      generally the only points that can be against balances (likely at poor value) are the bank's own points, not the ones where you get Qantas or Velocity points.

  • ufwpd on 04/08/2022 - 16:30

    Anyone applied recently? Wondering how long approval takes

  • Fusakin on 08/08/2022 - 13:30

    I applied for this yesterday and was approved today.

    • Fusakin on 26/08/2022 - 19:18
      +2

      Spent $4k on Beem It and Afterpay around two weeks ago and received the Velocity membership number email today.

      • Fusakin on 15/09/2022 - 13:59
        +1

        The bonus points has now been credited into my VFF account.

        • wavesgreen on 23/09/2022 - 00:18
          +1

          Excellent follow up posts, truly excellent.

          So no submission of Velocity number until the email they sent you on 26/8?

  • kehuehue on 10/08/2022 - 14:35

    If you use the link through finder, it is $150 for the first year. The link the OP posted is 300$ for first year.

    https://www1.citibank.com.au/CardsOnline/citi-premier-cashba…

    edit: above is 600$ cashback, OP is 100k velocity points but 700$ in gift cards (with +100 VP more)

    • Ehty on 10/08/2022 - 15:03

      Yup its a different one!

      • Its Bill Murray on 10/08/2022 - 19:43

        Isn't the CC fee only $150 if you spend over $48k per year?

        • ShervinD on 08/09/2022 - 17:37

          That's the following years.

  • beade on 15/08/2022 - 16:52

    What are the eligible purchases with this card? It gets quite confusing for me?

    • Ehty on 15/08/2022 - 16:57

      Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card.
      If you have any specific purchase you can ask them on chat !

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