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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

          • spkos on 01/03/2023 - 11:26

            @CodeXD: Automatically gave me based on the info I provided. It's not a bad thing as it means I can also use it for personal reasons while doing the PayAll 20k in and out.

          • spkos on 01/03/2023 - 16:31

            @CodeXD: Quick question - the 20k Payall counts towards spending $10,000 for the bonus 300,000 correct?

  • timhn on 25/02/2023 - 09:19
    +1

    Has anyone try setup a Priority Pass account with name different with your Prestige card? I want set a PP account for partner with my Citi card so she can access lounges when travel alone.

    • looks on 25/02/2023 - 12:27

      Interested in this too… also curious if they match the name to your boarding pass at the lounge/restaurant?

      • 76F on 25/02/2023 - 12:47

        The QR code on the app shows your name.

  • cardiology on 26/02/2023 - 08:33

    If I use the PayAll to set up the transfer of $20,000 to another bank account using BSB + Acc # every month to maximise the points earned, how to I send the money back to the Prestige card account from the other bank? Clicking on payment to Citibank and enter the credit card number?
    Just to clarify, interest free period for PayAll is 44 days from the actual date of transfer?
    If I have 2 Citi credit cards, I could set up PayAll on each, so $20,000 x 2 per month free as long as my credit limits allow?

    Thanks

    • timhn on 26/02/2023 - 11:07
      +2

      Never owned a credit card before? Wait for the 1st statement and they'll list the options to be pay in there. Can either setup direct debit or pay via BPay.

      You need to pay by statement due date to avoid interest charge.

      No. It's 20K max by account holder.

    • n0mad on 26/02/2023 - 14:07
      +1

      Payall is limited to $20,000 across all accounts each month, so you will only get 1 x $20,000. Unless you had them scheduled prior to the change coming in.

  • asdfasdfasdfasdf on 26/02/2023 - 10:27

    It's been a long while since I was churning CC. Took me a little while to come back to this one, and you know what, here we go! Applied this morning. Let's see if I get approved.

  • thomalfa on 26/02/2023 - 15:14

    Hi op, do we know how to redeem for giftcards?
    It shows can only exchange for credit in citi app

    • RGV on 26/02/2023 - 15:46

      Try website. It has all the options !

  • twistedbow on 27/02/2023 - 01:02

    I asked rep via chat and was told that if you had this card and received reward points then there's 12 month waiting period to get the reward again which make sense like all other credit card sign up bonus.

    • CluelessHedgehog on 27/02/2023 - 10:32

      Ah, so you can't just get the reward points, close the card, and then re-apply and get it again?
      Thank you.

      • CodeXD on 27/02/2023 - 10:52

        This is pretty standard for credit cards. Amex enforces 18 months before you are able to get sign-on bonus.

        • CluelessHedgehog on 27/02/2023 - 10:53

          I'm very new to the world of credit card churning! :-)

          • Nom on 27/02/2023 - 23:45

            @CluelessHedgehog: Make sure you know what you're getting into - if you want to buy a home in the next few years, there are implications for your credit history.

            • CluelessHedgehog on 01/03/2023 - 15:25

              @Nom: Thank you @Nom - appreciate the advice.

            • n0mad on 01/03/2023 - 16:24

              @Nom: I think you should be qualifying this as there can be implications, for others like me there were none. I had 4 or 5 credit cards open at the time of my application and had been churning for years, all i needed to do was close 2 of my cards to be approved.

              this was for a home loan plus a bridging loan for up to 12 months, LVR once bridging loan was complete would have been ~50%. everyone's situation is different and even those with similar circumstances may have a different experience to me.

        • twistedbow on 27/02/2023 - 10:54
          +1

          fken amex lol

    • MrThing on 01/03/2023 - 15:44

      standard, except for Amex which is 18months

  • expatOz on 27/02/2023 - 12:27

    If you transfer large amounts via PayAll to your own bank account doesn’t it have tax implications? As in, do you have to declare that amount? If so what would it be categorised under?

    • CodeXD on 27/02/2023 - 12:29
      +1

      My first payall has successfully been transfered to my offset account, $20k.

      No email from ATO about it yet 😅

    • asc on 27/02/2023 - 12:40

      good question. Would like to know too.

    • JR63 on 27/02/2023 - 13:37
      +1

      Wouldn't it be similar to taking out a personal loan? You're loaning the money (interest free up to 44 days) and then paying it back. You don't usually need to declare personal loans.

    • simon 84 on 09/03/2023 - 17:10

      I think, ATO only checks the truth.
      The truth is you are sending money to yourself.

      You do not have any extra income, so no extra tax.

      • expatOz on 09/03/2023 - 17:17

        Yea but the "truth" will required to be provided with documents and via a process especially because its at least 20k a month for 8 months = $160k is what I'm saying and that process could turn out to be a nightmare not that you'd necessarily be taxed on this 160k.

        • simon 84 on 09/03/2023 - 17:22

          keep the both statements (citi and target bank account) should be enough documents, to prove that it is your own money

  • VQLD on 27/02/2023 - 12:32

    that's weird. It's a high class card with lots of perks but it looks like it doesn't have a rental car excess cover..

    • expatOz on 27/02/2023 - 12:41

      Other cards that have this benefit, its usually for use within Australia only which sucks :(

      • VQLD on 27/02/2023 - 13:36

        hm.. I'm pretty sure it was included in other CC International/Interstate travel insurance (spend XX amount on International travel or pay for interstate flight tickets by that CC)
        upd. Browsing ANZ site and apparently they changed policy during covid…

    • askvictor on 11/03/2023 - 15:04

      Only for interstate and international travel. Bendigo Bank have a fee-free card that includes rental excess cover so might be worth getting that one too

  • cheekymonkey97 on 28/02/2023 - 17:52

    Does anyone know where I can find a list of participating hotels for the 4th night free benefit?

    • 76F on 28/02/2023 - 18:14

      Should be any on Expedia as that's what they use to book it on your behalf.

      • cheekymonkey97 on 28/02/2023 - 18:27

        Thanks! Are their prices similar to Expedia in your experience?

        • 76F on 28/02/2023 - 18:52
          +1

          For me, it was exactly the same.

  • asdfasdfasdfasdf on 28/02/2023 - 19:42

    Right. I was approved. The approval email does say payall at 2% though. Same for everyone I guess?

    • timhn on 28/02/2023 - 21:56

      Standard rate.

      The 0% is current promo. Click on the deal and find more there.

    • VQLD on 01/03/2023 - 16:48
      +2

      there will be a note in the letter they send you stating the promotion 0% period

  • victimize on 28/02/2023 - 20:04

    Approved.
    Single Income
    Mortgage
    No other CC's

    Cheers Citi for the free 1k

  • johnmelb on 02/03/2023 - 16:11

    Have an active citi rewards card.
    Opened chat yesterday to ask if I would be eligible for bonus points with Citi Prestige Credit, which was confirmed. So applied yesterday and got approved today.

    • JR63 on 02/03/2023 - 21:43

      I think I've read it's a few days after the first statement is generated after you meet the minimal spend.

        • asuka1204 on 10/03/2023 - 02:25

          Have you received the bonus points?

            • wangasm on 10/03/2023 - 23:14

              @nomnomnom: The first statement will appear 31 days after you receive your welcome email (roughly)

          • JR63 on 22/03/2023 - 10:04

            @nomnomnom: Did you get your statement and the points at the same time? I've gotten my statement this morning but no bonus points as of yet.

        • asuka1204 on 22/03/2023 - 03:50

          updates. Just confirm with Citi Support, the bonus points will be sent 6-9 weeks after the promotion ends. So three months later.

      • uder on 10/03/2023 - 08:16

        Just got my first statement and I met minimum spend via Payall. Haven't received the points yet though.

    • adrianhughes1998 on 28/05/2023 - 10:00

      Very nice, I'm looking to apply for this card but don't have a mortgage or anything super-big to meet the minimum spend —- just wanna get the points and run.

      So is that how you meet the min spend of 10K on this card is it, by sending 10K (via PayAll) to another bank account, then waiting for 300k bonus points to land then transferring the 10K money back to this Citi card to pay it off?

  • jk1234 on 03/03/2023 - 01:38

    How many Qantas points is 300,000 Citi points? Thanks

    • JR63 on 03/03/2023 - 03:16

      With this card, zero. Can't convert the Citi points to QFF points.

      If you want QFF points, you need to look at the Qantas version of this card which gives 100k bonus points with $7.5k spend in 60 days:
      https://www1.citibank.com.au/credit-cards/citi-prestige-qant…

      • jk1234 on 03/03/2023 - 22:58

        Thanks JR63
        Fees are too high. Hopefully there will be some specials soon.

  • hiaaron on 03/03/2023 - 15:38
    +1

    Hi, just received my prestige card today. I actually applied for it with the previous deal for $7,500 spending.
    Looking at the key facts letter enclosed with the credit card, it did say the minimum credit limit is $30,000 while the webpage says it is $20,000. Has anyone seen this?

    • CodeXD on 03/03/2023 - 15:49

      I noticed the same thing but I can see my credit limit is $23k (that I set myself).

  • ozbargainerlife1 on 04/03/2023 - 13:38

    When does citi do 15% promo any ideas?

    • JR63 on 04/03/2023 - 14:58
      +1

      The Velocity promo is usually May (e.g. Citi to Velocity).

  • ajp123 on 04/03/2023 - 16:36

    I was approved for this card a few days ago. However, I realised this morning that since I already have Virgin Money's Virgin Australia Velocity Flyer Card (applied and received last month), I'm not sure if I'm eligible for the 300k bonus points, since Virgin Money cards are administered by Citi.

    As discussed by others, the terms and conditions of the Citi Prestige Credit Card aren't clear:

    Does anyone know whether existing Virgin Money cardholders are eligible for Citi-branded credit card sign-up bonuses? Yes, I should have asked before signing up, but hindsight is 20/20.

    • wangasm on 04/03/2023 - 20:24
      +1

      You should be fine. The only thing that excludes you from this promo is if you have held the exact same card (Prestige) within the last 12 months. This means you are still eligible even if you hold other Citibank cards (Premier, Rewards). I've gotten both Prestige and Premier bonuses within a month of each other.

      • n0mad on 06/03/2023 - 09:11

        Sorry, have looked through the T&Cs and can't find any exclusion for having held the Prestige card in the last 12 months. Can you direct me to where you saw this?

        • wangasm on 06/03/2023 - 09:18

          Unfortunately it's not quite clear from the T&C's and had to be confirmed with someone from support
          https://www.ozbargain.com.au/comment/13432107/redir

          • n0mad on 06/03/2023 - 11:27

            @wangasm: yeah ok thanks, appears the T&Cs don't align with the information provided over the phone. Still not sure i'd be game to try and take them on, more hassle than it's worth if they don't pay and you need to raise a complaint and potentially escalate to AFCA.

      • mikeadwell on 11/03/2023 - 16:57

        Where is 12 months stated?

        • wangasm on 11/03/2023 - 21:53

          It's not written anywhere, but rather verbally confirmed. Whether you trust that or not is up to you. But this is a standard rule used by most credit providers (except Amex)

    • timhn on 05/03/2023 - 10:23

      Virgin Money cards are administered by Citi

      Technically, it's NAB now.

      Although the VM cards are administer by Citibank/NAB, they are operated under VM branding. Same with cards from Coles, Suncorp, Kogan, BoQ etc.
      Hence, you'll be fine if they approved your application.

  • bwill85 on 08/03/2023 - 12:12

    I have read through the thread here but I dont have a clear answer on this one , when you try to setup a Payall and it says you cant send it to your own account is that some really basic check they have done if the name you give is your name ? Has anyone succesfully done this sending to their own account or are they sending it to a spouse and back etc. just out of curiosity

    • hiaaron on 08/03/2023 - 12:16

      In Australia, banks do not match the names against the account numbers so no way Citibank confirm whether the account name is genuine even though you use fake name.

      • bwill85 on 08/03/2023 - 12:17

        Ya but its doing something because when I set it up , it is literally prompting me saying you cannot send to your own account so i can use a fake name with my account details you reckon?

        • bwill85 on 08/03/2023 - 12:18

          I am using my own name in that attempt to setup the payall

          • hiaaron on 08/03/2023 - 12:20

            @bwill85: Why do you use your own name? You clearly say to Citibank that you are breaching t & c.

          • CodeXD on 08/03/2023 - 12:46

            @bwill85: use your initials

            BW85 Account

            • bwill85 on 08/03/2023 - 13:05

              @CodeXD: Ya I just used something generic ,its fine I wasnt really thinking about when first tried / wasnt sure if Account name was part of cross check , cheers

      • askvictor on 11/03/2023 - 15:07
        -1

        I tried to transfer to a shared account (that has my name in the account name), but didn't include my name in the citibank transfer part. Still got rejected. I think there are ways they can determine the account name.

  • spkos on 09/03/2023 - 17:30

    I have a question. I have just setup a 20k Payall to go through every month on the 11th. How do I get this money back onto the card before the 11th of next month? Obviously I need to transfer it back to this card before this date however I have no payment options as the first statement hasn't come through.

    • CodeXD on 09/03/2023 - 17:49

      Log onto citibank on desktop, and then click on the credit card.

      You'll see (even if you have never received a statement before):

      Last statement issued date:

      I'm in the same boat as you, waiting for my first statement so I know when/how to transfer the money back into my citi account.

      • spkos on 09/03/2023 - 17:57

        Yep - same boat. I hope it comes prior to the next Payall payment coming out as there won't be enough money in the account lol.

      • timhn on 09/03/2023 - 21:06
        +4

        You can Bpay from your saving/transaction account to your credit card. Citibank biller code is 49502 and the ref is your cc number. Test run with $1. It will showup in your cc account in 2 days.

    • wangasm on 09/03/2023 - 18:08

      Note that you have 44 days interest free, so your statement is always issued 2 weeks before payment is due. For example, if your period starts on the 1st March, your statement will be issued on the 31st March with a payment due date of 14th April. In this example, PayAll of 11th each month wouldn't be the best and something like the 19th would be better.

      • spkos on 09/03/2023 - 18:20

        How does that work exactly? If my period starts on 1st of March and I organized for 20k PayAll out on the 11th of March (it transferred out to my account on the 8th) I should get my statement by the 31st of March. From there I can transfer the entire balance back into Citibank through BPAY on the 5th of April (3 days prior to Payall transferring again to my account). Thus Payall would transfer me 20k again on the 11th of April which means roughly 25-26 days of interest earning.
        Please correct me if I am wrong anywhere.

        • wangasm on 09/03/2023 - 18:35
          +1

          Sorry I confused myself and was meant to put the 5th as the optimal PayAll date. But 11th is probably fine as well.

          • spkos on 10/03/2023 - 12:23

            @wangasm: Thanks for the clarification haha, had me worried for a sec.

        • kelvin-200 on 07/06/2023 - 03:05

          Hi mate, I got confused with how it works. Could you please explain that again?

          • If my period starts on 1st of March, my statement closes on 31st of March, my due date is 14th of April.
          • Should I organise PayAll out before or after 14th of April, assuming I pay the entire balance before the due date?
          • If I pay the closing balance on 5th of April and organise PayAll out on 8th of April (all before the due date of March period), does it still count as not paid for March period (since I would still own $20k on 14th of April) or does it count as new transaction for April period (since the transaction is made on April and I already made a repayment transaction for March)?
          • Or is it better just to pay the closing balance on 12th of April and setup PayAll on 16th monthly?

          Thanks!

          • CodeXD on 07/06/2023 - 08:46

            @kelvin-200: If your due date is 14th, schedule the payall for 17th.

            You will pay back the payall the same date you pay off your closing balance so it works out perfectly.

            • kelvin-200 on 08/06/2023 - 11:20

              @CodeXD: Thank you!

              • kelvin-200 on 07/07/2023 - 22:56
                +1

                @kelvin-200: Perhaps nobody is looking at this anymore, just a note for anyone having the same question: as long as the closing balance of the previous month is paid in full, it's OK to PayAll $20k again, it doesn't have to wait after due date. I have tried it on my card.

                E.g., your card monthly period is from 1/6 to 30/6, and your due date is 14/7, it's ok to pay closing balance on 5/7 and PayAll on 8/7 (factored in bank transaction delay to be safe) since the PayAll transaction will count on the next statement.

  • freshofftheboat on 10/03/2023 - 15:29

    Datapoint; applied 10pm last night, approved 12pm today. Nil phone calls, nil questions asked. Nice

    • GreenRomeo on 10/03/2023 - 15:52

      Same for me. Pretty quick turnaround I’d say!

      • cocomelon on 10/03/2023 - 19:35

        I was surprised as well with the credit limit over $30K

  • pyramid on 10/03/2023 - 18:19

    Does anyone know why I am not seeing payall option in schedule transfer in my online account ? Also it does allow transfer for BPay only.

    • CodeXD on 10/03/2023 - 18:33
      +1

      I couldnt find it on desktop, but I can see it on the citi app.

    • wangasm on 10/03/2023 - 23:02

      It's in the app only

      • pyramid on 11/03/2023 - 07:56

        Aah. Citi app keep complaining that my phone is rooted but I haven't rooted or jailbroken my phone. Turned off adguaed but still no luck

  • GreenRomeo on 11/03/2023 - 11:24

    This card seems really good for those with a mortgage with offset account, doesn’t it? You can just set up a PayAll transfer to your offset account on the first day and will both:
    - Meets the $10k spend instantly, earn 300k points ~ $1.1k profit
    - Enjoy $20k sitting in your offset account for a year, saving another $1k with the current rate 5% (need to do a transfer in and out for a day when the credit card payment is due every month though)

    Bonus point if you have a partner who can apply for the same card i.e. double dipping!

    Am I missing something or it’s truly that great?

    • CodeXD on 11/03/2023 - 11:33
      +1

      That's what I'm doing now.

      Just got my first statement and the due date is coincidently, the same date that I have payall scheduled for.

      You have to be on top of your spending and repayment tho, if you miss just one you'll get slapped with 21.49% p.a interest rate on the $20k.

      • GreenRomeo on 11/03/2023 - 11:50

        Yeah that’s right. I probably will set up my repayments one day ahead just for the peace of mind.

        • timhn on 11/03/2023 - 17:21

          You would need to have enough fund in you account at least 3 days before the scheduled PayAll day.

          Eg. If your PA is on the 3rd, then you must have the money by at least on the 1st before 5pm.

          • GreenRomeo on 11/03/2023 - 20:30

            @timhn: Could you please explain why? Can’t I just transfer the money to my linked Citi transaction account and then transfer from that linked account to the card the day before? Some banks like ANZ would update the credit card balance instantly if the money is transferred from a linked account, but maybe there are some delays with the Citi card?

            • wangasm on 11/03/2023 - 22:14

              @GreenRomeo: Citi will deduct the PayAll amount from the card 3 days before the scheduled PayAll date to ensure it arrives in the destination account on time. On the rare occasion it seems it may come out earlier or later but they normally email you about this (Something else you need to be on top of).

              • GreenRomeo on 12/03/2023 - 09:26

                @wangasm: Thanks, I didn’t know it. Will keep an eye on this.

  • askvictor on 11/03/2023 - 15:08

    Anyone else getting random SMSes from citibank to be able to redeem some reward points and get a statement credit? Is it legit (it contains a link from a message from a bank, which is big no-no), and is it worth it?

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