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Citi Prestige Credit Card: 300,000 Citi Rewards Points ($10,000 Spend in 90 Days), $350 First Year Fee (Save $350)

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Citi Prestige Credit Card: 300,000 Citi Rewards Points ($10,000 Spend in 90 Days), $350 First Year Fee (Save $350)
Go to Deal
RGV on 15/02/2023 - 18:55 www1.citibank.com.au (7019 clicks)
Last edited 16/02/2023 - 09:11 by 1 other user

Minimum spend increased from $7,500 in 60 days to $10,000 in 90days

Copied from Previous deal https://www.ozbargain.com.au/node/728311

Key Points:

$350 annual fee in the first year (save $350).
300,000 Citi Rewards Points when you spend $7,500 on eligible purchases within 60 days from approval.
Points redeemable for $1,500 in gift cards, $1,150 profit after annual fee. (According to rwrds(rwrds.com.au))
$20,000 minimum credit limit, $100,000 maximum.
Extra Perks:

4th Night Free: Enjoy your 4th night free when you stay four consecutive nights at a huge range of hotels.
Luxury Escapes: Enjoy 10% off Limited Time Lux Exclusive hotel offers (up to $500) and international tours (up to $250) until 1 March 2023.
Priority Pass: Unlimited complimentary access to over 1,200 Priority Pass lounges around the world for you and one guest.

According to comments, a minimum annual salary of $150,000 is required for applicants

Financial Credit Card MasterCard Reward Points

Related Stores

Citibank Australia
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closed Comments

    • wangasm on 19/02/2023 - 00:29

      It does not, even currently having the premier doesn't exclude you.

      • n0mad on 19/02/2023 - 09:22

        currently have both until i cancel the premier

  • PerthectDeal on 18/02/2023 - 15:44

    Do you pay interest on Payall or is it interest free as long as pay off when statement due? Seem strange regulations allow $20k free cash loan every month

    • Sneakz on 19/02/2023 - 03:52

      Interest free 44 days I believe

  • mc85 on 18/02/2023 - 23:31

    Question for the brains trust:

    I had a Citi Qantas card that I closed in December.

    Is the 6/12 month cool-down period only applicable to the Qantas rewards side? Or all Citi cards?

    Eg: Is it like ANZ, which has separate cool-down periods between ANZ rewards and Qantas cards?

    Thanks :).

    • Sneakz on 19/02/2023 - 03:52

      I was told via their hotline that only applied to qantas and velocity cards.

      Not Citi rewards cards

    • Jamesrulez1 on 21/02/2023 - 18:59
      +1

      I asked a rep over chat and they said even if you've had a Qantas card within the last few months you will still get the sign on bonus with this card.

  • n0mad on 19/02/2023 - 09:24

    anyone know what the priority pass additional guest fee is if bringing more than 1?

    • JR63 on 19/02/2023 - 12:21
      +2

      My understanding is that it's the standard guest entry fee which is $USD32.

    • timhn on 19/02/2023 - 21:20
      +1

      You can try bring each guest in one hour apart. There have been reported that people have used same lounge within an hour apart.

  • Mr Joker on 19/02/2023 - 23:43

    Hi I applied this morning (19th of Feb) and was able to submit my application but my annual income was around 145k~. I didn't see an error when i put my annual income.

    Did i screw up or is there no minimum income of 150k in place?

    • CodeXD on 19/02/2023 - 23:56
      +1

      Someone called citibank about this issue and they said it will be fixed by Monday. So I assume it has already been fixed if you are not getting the error.

      • Mr Joker on 20/02/2023 - 11:14
        +1

        I just got approved for the card!

        Has anyone gone through the process of increasing their credit card limit?

        Were you successful?

        • zozuc on 20/02/2023 - 11:18

          It is quick. I applied on Saturday 18/02 but did not get anything yet!

        • CodeXD on 20/02/2023 - 11:23

          Has anyone gone through the process of increasing their credit card limit?

          I was able to set credit card limit when I applied online.

          Looks like you can change it on the citi app too.

          Click on the credit card, then manage button on top right.
          Increase credit limit.
          Please enter your preferred new limit. If you want to increase your limit, we may offer you a lower limit if you're not eligible for the limit requested.

          • Beachberry on 20/02/2023 - 16:35

            @CodeXD: But the question is: will they make a hard credit enquiry? If so, better to get max credit limit when you apply rather than ask for an increase after..

            • CodeXD on 20/02/2023 - 16:37

              @Beachberry: I applied for $23k so I can do the monthly $20k transfer and treat it as a $3k credit card limit to buy everything else haha.

            • Bucks5 on 11/07/2023 - 16:49

              @Beachberry: hey - did you ever find out an answer to your question @Beachberry?

  • MAD for Everything on 20/02/2023 - 12:43

    Once you churn this card before getting hit with the $700 annual, which Citibank card would you choose to keep forever while still having access to PayAll?

    • CodeXD on 20/02/2023 - 13:27
      +1

      The payall at minimum gets you $1200 value per year (20k per month for 12 months = 240k) when transfered to flybuy at 1:1.

      $700 annual fee isn't bad for $1200.

      Having said that, payall is available on all citi credit cards however you want to make sure to apply and receive card before October 31st 2023 so you can set up all the payall payments.

      • MAD for Everything on 20/02/2023 - 15:52

        I would probably be looking to transfer to frequent flyer accounts like Kris Flyer, so 240k points = 96k Kris Flyer = 120k Velocity so $700 per year annual fee might not be worth it?

        • CodeXD on 20/02/2023 - 16:07

          Depends if you regularly shop at Coles.

          I saw in a spreadsheet that the best value for gift cards is to convert to flybuy - plus I regularly shop there so it works out for me.

        • JR63 on 20/02/2023 - 16:24

          In terms of looking purely at KF or Velocity points for the 240k Citi points, you'd probably look at either the Citi Rewards or Premier:

          Citi Rewards
          $149 annual fee
          80k KF or 96k Velocity

          Citi Premier
          $300 annual fee
          95k KF or 120k Velocity

          Which is better depends on on what you use the points for.

          The Prestige and Premier have the same conversion rate, but the Prestige has a better earn rate (and other benefits like Priority Pass). Which is better value for you depends on how you use the card.

          In summary (as usual), the answer is it depends.

          • MAD for Everything on 20/02/2023 - 19:10

            @JR63: @codexd Thanks guys! Much appreciated

          • nightelves on 21/02/2023 - 16:14

            @JR63: Qatar offers better redemption if you're looking at business class to Europe vs Singapore.

      • chinawa111 on 22/03/2023 - 03:12

        Even if it has been setup before, after 31st October won't the PayAll feature incur a fee though?

        • CodeXD on 22/03/2023 - 08:35
          +2

          The fee is only if you schedule payall after 31st Oct.

          Anything scheduled before will incur no fee.

          • scyth3r on 09/04/2023 - 12:46

            @CodeXD: wow did not know this. Would it be wise to just get a free credit card (like the citi simplicity card), as I don't need lounge pass, and just schedule payments for multiple years in advance?

            • CodeXD on 09/04/2023 - 13:00

              @scyth3r: You should weigh all the options to decide whether it suits your purpose as a credit card.

              I know citi cards have different conversion rates from Citi Rewards Points to others depending on the card.

              An ozber has created a spreadsheet here detailing some of them but I don't see simplicity card on the list so not sure what you can convert the those points to and at what rate.

  • looks on 21/02/2023 - 01:20

    Has anyone had experience using priority pass with this card? Either lounge or restaurant.
    Do you just need to swipe your Citi card on a terminal of some sort? Do they check your boarding pass at all?

    • 76F on 21/02/2023 - 01:24
      +1

      Used at lounges and restaurants. Signed up in the Priority Pass app and showed them the QR code in the app, which they will scan with their terminal. These days, they ask for boarding pass and enter the flight number into their terminal.

      • bargaingalor3 on 21/02/2023 - 23:16
        +2

        Do they ask who your guest is? My partner and I both have priority pass. Can we elect each other as guests and receive 2x the restaurant freebie? Lol

        • 76F on 21/02/2023 - 23:48
          +1

          Don't think they really care. Sometimes, when I'm alone, they'll ask if I want to add a guest.

  • JR63 on 21/02/2023 - 14:35

    I assume you sign up to Priority Pass once you've received the card?

    How long does it take to activate after you've signed up online?

    • 76F on 21/02/2023 - 15:06

      I think there were some signup instructions that came with card. Activation should be immediate.

      • JR63 on 21/02/2023 - 17:33

        Awesome, thanks. Applied yesterday and approved today (was waiting for the re-finance settlement to go through before applying). We're off overseas late next week so hopefully it arrives in time.

        • dn4hc on 21/02/2023 - 17:41
          +2

          call them to ship it in express post

          • JR63 on 21/02/2023 - 18:13

            @dn4hc: Will do. Thanks for the tip!

          • JR63 on 24/02/2023 - 12:30

            @dn4hc: Ended up ariving today. 3 days after approval.

        • [Deactivated] on 22/02/2023 - 00:31
          +1

          Visit prioritypass.com/prestigeaumc
          Enter Invitation Code: CTPRSG333
          Complete the digital form, including your Citi Prestige Card details.

          • Yarra Warrior on 21/04/2023 - 18:43

            @[Deactivated]: Thanks mate. Saved a loooooong phone call and all the odd conversations with the operator again and again.

    • asc on 22/02/2023 - 14:19

      How does this PP work? can you consume as much as you want or up to a limit?

      • 76F on 22/02/2023 - 15:45
        +1

        This one's unlimited. For restaurants, you can spend $36 per person each visit. I can't remember how long you have to wait before using it at the same restaurant/lounge, though. Each place might have their own rules.

  • reddevilpin on 21/02/2023 - 15:01
    +1

    Try to setup payall to my offset account (comm bank) …got an error saying you cant transfer to your own account….anyone encountered this?

    • JR63 on 21/02/2023 - 15:03

      I assume it's because you're trying to transfer to the account under the same name.

      • reddevilpin on 21/02/2023 - 15:08
        -1

        Does people really achieve it by transferring to an offset account which is not under their name?
        Or we can do something when we setup payall to trick them into thinking that account is not the same name?

        • CodeXD on 21/02/2023 - 15:15

          I have a payall scheduled to my offset account (ANZ) in a few days. I have it set in 'rent' category and it is called 'offset'.

          It will be the first payment, so hopefully it goes through. Did you encounter the error during payall set up?

          • reddevilpin on 21/02/2023 - 15:16

            @CodeXD: Yes…encountered the error during setup and not allowed to proceed at all.

        • wangasm on 21/02/2023 - 18:13
          +1

          Yes, just use any name that isn't yours when setting it up, they have no way of verifying the account's name.

          • scyth3r on 09/04/2023 - 12:51

            @wangasm: So everyone here just transfers to a 'fake name' but their own acc # and bsb?

            • wangasm on 09/04/2023 - 14:58

              @scyth3r: Pretty much. That or someone you know like partner, parent, friend etc.

  • VQLD on 21/02/2023 - 17:34

    so, with all goodies (PayAll looks crazy) this card can provide, it's still $350 annual fee for the 1st year paying during sign up, right?
    Just considering because I always was using cards with $0 fee offers for the 1st year…
    I used to have Prestige before Covid I think, with $0 fee..

    • [Deactivated] on 21/02/2023 - 18:00

      the $350 is on the first statement, but also it's ~$1500 in gift cards

      https://www.rwrds.com.au/credit-cards/citi-prestige-card/gif…

      • thomalfa on 26/02/2023 - 15:19

        Any idea how or where to redeem for gift cards?
        On app can only use points to pay transaction

      • sareth on 22/04/2023 - 10:40

        Or exactly $1500 in flybuys

        • [Deactivated] on 23/04/2023 - 04:49

          whatever that means

    • wangasm on 21/02/2023 - 18:22

      For me the annual fee was charged on the last day of my first statement. So yes you can't avoid it, however the profit from the bonus points + PayAll still cancels out the fee completely.

      I was also told by support that the annual fee could be refunded if no transactions were made after the annual fee is charged on closing of the card. I don't know if anyone has tried this though or if the support person is reliable.

    • timhn on 21/02/2023 - 19:11

      There have been some reports that they refused to refund the fee, but there also some people managed get full refunded amount back.

    • clubhonda on 21/02/2023 - 21:20

      Some of the higher rewards cards used to be no annual fee but this is almost non-existent in the current environment. If you keep sticking to the no fee cards, you are limiting the potential rewards. The benefit far outweighs the annual fees even converted to cash so it's leaving food on the table if you do.

      • nightelves on 22/02/2023 - 11:49
        -1

        Not really. There are plenty of card that have no annual fee but offer great benefit like Westpac, HSBC, St George and Commbank. You're not even looking hard enough.

  • Beachberry on 22/02/2023 - 10:17

    Does anyone know how long is the billing cycle? I assume its when the card is activated on the same date every month? And the 300k bonus points usually appear in the first billing cycle right?

  • sickllama on 22/02/2023 - 13:43

    How long did everyone's approval take? I applied on Monday night and uploaded docs straight away. Still says processing when I check the status today Wednesday midday.

    • JR63 on 22/02/2023 - 13:57
      +1

      Try calling the approval line if you want to expedite it - 1800 807 138

      I applied Monday afternoon. I called them Tuesday afternoon to check my application, and they told me to send through an extra payslip. Once I did that and they'd received it (I sent it and they received it while I was on the phone), it got approved 10 mins later.

      • rubbishcollector on 22/02/2023 - 14:19

        same

      • sickllama on 22/02/2023 - 17:16

        Thanks - just got an email now to say approved (hadn't yet called/followed up)

  • n0mad on 22/02/2023 - 15:55

    not sure if anyone has noticed but the luxury escapes discount has been extended until March 2024, i've used this twice now (on the premier card though) and is pretty good.

    • Beachberry on 23/02/2023 - 10:29

      Yeah. I wonder if it stacks with cash rewards. I doubt it though. But anyone tried ?

      • n0mad on 23/02/2023 - 11:20
        +1

        actually i should have tried but didn't in both cases, i did receive Qantas points for the stay i have already completed though

  • dn4hc on 22/02/2023 - 16:40
    +3

    Applied on Friday morning, approved by afternoon and the card was delivered on Tuesday. Pretty happy with that.

    • MrThing on 01/03/2023 - 15:45

      not bahd, I got rejected and now need to wait out the usual citibank 3 months exclusions period

  • Paddletongs on 22/02/2023 - 20:53
    +1

    Applied on Monday got approved today. Credit Limit $40,900.

    • CodeXD on 22/02/2023 - 21:03

      Why that specific credit limit? Did you let them pick your maximum?

  • VQLD on 23/02/2023 - 15:10

    looks like this one is good for gift cards, not converting to FF points:
    Qantas 3:1
    Velocity 2:1

    • CodeXD on 23/02/2023 - 15:21
      -1

      best value is convert to flybuys points

      For example, Coles $100 GC is 20,900 points, but you can get the same from flybuys by converting 20,000 points, saving of 900 points per $100.

      • Beachberry on 23/02/2023 - 15:55

        It's hard comparing airline vs gift cards, because some people might value "upgrading", which may hypothetically cost a few grand extra if bought at face value.

        • CodeXD on 23/02/2023 - 16:23

          Thanks for this. I meant to say best value for gift cards is to convert to flybuys but that is only if you shop at flybuys stores.

          • wangasm on 23/02/2023 - 17:46

            @CodeXD: I believe you can also redeem other gift cards from flybuys at the same rate. Namely Bunnings & TCN cards (JB etc.)

    • wangasm on 23/02/2023 - 15:46

      Not necessarily, the value from flyer points is actually better if you use it.
      https://www.ozbargain.com.au/comment/13333652/redir

      Also this specific card does not have Qantas redemption, unless you were referring to Qatar, which it does.

      • VQLD on 23/02/2023 - 17:22

        oh, right. The above was from pointhacks and I've just checked Citi rewards store and they, indeed, dont have Qantas.
        Thanks.
        So, for the best value, it's Citi Rewards-> Flybuys->gift cards, etc

  • sicinadan on 24/02/2023 - 06:44
    +3

    I cancelled the card after a few months, and CITI happily gave back half of my annual fee…

    • rarelyscene on 24/02/2023 - 11:41

      Nice, just to confirm, was that recently?

      • sicinadan on 25/02/2023 - 12:28
        +1

        Less than 30days ago :D

  • Beachberry on 24/02/2023 - 16:32

    I got 4 points for a purchase recently (travel) per dollar, instead of the 3 points. I assume there is some bonus I'm not sure about? I'm not complaining.

  • spkos on 24/02/2023 - 17:24

    I applied for this credit card with a base income level of 86k yesterday. Got accepted today with a limit of 36k. Time to setup PayAll and reap the points in. Anyone know the best name for an account to transfer the name to so it doesn't set off alarm bells?

    • CodeXD on 24/02/2023 - 20:11

      Use initials instead of full name - like CXD offset

      • asc on 25/02/2023 - 14:44

        Only bank account BSB n # needs to be correct? Bank account name doesn't have to be actual?

        • CodeXD on 25/02/2023 - 15:04
          +1

          Nope, banks never match up account name.

    • Nom on 25/02/2023 - 10:59

      a base income level of 86k yesterday. Got accepted today with a limit of 36k

      LOL that's totally ridiculous - as if anyone would be able to pay off a credit card debt that was close to half their salary 😁😁

      Nice work 👌

      • spkos on 01/03/2023 - 11:19

        Agreed on it being a stupid high limit for my salary. Thankfully I'm just going to use this to take advantage of reward points with payall lol.

        • CodeXD on 01/03/2023 - 11:20

          Was the limit something you set or what they automatically gave you base on info provided? You can always lower it after you receive your card.

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