Citi Prestige Credit Card: 275,000 Citi Rewards Points ($10,000 Spend in 90 Days), $700 Per Annum Fee

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Citi Prestige Credit Card: 275,000 Citi Rewards Points ($10,000 Spend in 90 Days), $700 Per Annum Fee
Go to Deal
baka1 on 17/07/2023 - 21:12 www1.citibank.com.au (1973 clicks)
Last edited 13/02/2024 - 09:12 by 1 other user

Copying from previous deal: https://www.ozbargain.com.au/node/757191

50% discount on first year annual fee removed.

Key Points:
$700 annual fee
275,000 Citi Rewards Points when you spend $10,000 on eligible purchases within 90 days from approval.
Points redeemable for $1,500 in gift cards, $800 profit after annual fee.
$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.

Financial Credit Card MasterCard Priority Pass Reward Points

Related Stores

Citibank Australia
Citibank Australia
MasterCard AU
MasterCard AU
Marketplace

Comments

  • Trying2SaveABuck on 17/07/2023 - 21:18

    points given every year or just on the 1st year ?

    • Patat on 17/07/2023 - 21:19
      +5

      Never seen a card that gives points every year

      • Trying2SaveABuck on 17/07/2023 - 21:20
        +1

        1400 annual fee is pretty steep assuming the 50 percent is applied on this deal already

        • baka1 on 17/07/2023 - 21:22
          +2

          The previous deal was 50% off first year annual fee. So $350 instead of $700 for the first year.

          • Trying2SaveABuck on 17/07/2023 - 21:22

            @baka1: even 700 is pretty steep….

            • gadgetguy on 17/07/2023 - 22:27
              +1

              @Trying2SaveABuck: Priority Pass Unlimited costs $469 USD per year (approx $689 AUD) on it's own.

              That's without the significant benefits from Payall (worth approx $100 per month in Rewards points redemptions) and the other perks.

              Oh and for a new user, that's without taking the sign on points ($1500) into account.

  • littlesoldier on 17/07/2023 - 21:20
    +8

    No where close to the deal last year with $350 annual fee (first year) + 300,000 rewards points https://www.ozbargain.com.au/node/728311
    Also be reminded Citi Payall no fee offer ends Oct 2023 so better setup all future Citi Payall schedules (at least for the next 12 months)

    • recession1 on 17/07/2023 - 21:23
      +1

      Doubt we’ll see that again before October. This is worth copping the $700 to get PayAll set up.

      • vetopower on 18/07/2023 - 08:01
        +2

        Do not get this card on the expectation that PayAll will continue well into the future (even if first set up before October).

        NAB have stated in their financial statements that they plan to end the Citibank brand next year.

        That might mean they are planning on shutting down all existing cards (including PayAll) and converting the products to NAB products.

        • tororm on 18/07/2023 - 10:35
          +1

          It'll be good whilst it lasts.

          • vetopower on 18/07/2023 - 10:47
            +1

            @tororm: Agreed, just don't rely on PayAll continuing to exist when determining if the $700 annual fee is worth it or not. Consider it the icing on the cake in your equation.

        • Doesnotcompute on 18/07/2023 - 13:30

          I feel its more likely they would stop offering citi products to new business.

          Providing a different credit product or cancelling the product entirely may not go down well regulators or customers (but thats not to say that products cant change or banks dont push boundaries, only time will tell I suppose)

          • vetopower on 18/07/2023 - 13:33

            @Doesnotcompute: It's all speculation at this point, but remember what NAB did to 86400 when it bought it. Shut it down and merged it with UBank.

            • Doesnotcompute on 18/07/2023 - 13:46

              @vetopower: Ah didnt realise nab acquired 86400. Just looked into it..

              "Other than operating under NAB’s ADI licence, there will be no change to 86 400’s products and services as a result of this transfer and 86 400 will continue delivering outstanding digital experiences to customers." (Source below)

              Significant changes to existing products is a massive cost and retention risk which is also why i thought this was unlikely, but to your point, just speculation..

              https://news.nab.com.au/news/transfer-of-86-400-banking-asse…

  • bohn on 17/07/2023 - 21:20

    Be nice if they gave a reduced AF for the first year.

    • gingerscale on 17/07/2023 - 23:11

      but its $800 profit still?

      • bohn on 18/07/2023 - 10:08
        -1

        with NAB having taken over Citi we don't know whether the benefits of Payall will last a year.

        • puffinfresh on 18/07/2023 - 19:04

          The $800 is without PayAll

  • recession1 on 17/07/2023 - 21:20
    +1

    If you use PayAll right, this is the best card out there.

    • zxreth on 17/07/2023 - 21:24

      Only until October :(

      • recession1 on 17/07/2023 - 21:25
        +3

        Only for as far ahead as you schedule your payments by October :)

        • cyruslol on 17/07/2023 - 22:22
          -2

          Any recurring Citi PayAll payments “set up prior or after the Period” will be charged the standard Citi PayAll fee of 2% of the amount of the Citi PayAll payment.

          https://www1.citibank.com.au/offers-benefits/PayAll1

          I assume there will be 2% charge for any recurring payments after Oct 2023, party is over

          • project larx on 17/07/2023 - 22:36
            +3

            @cyruslol: Thats not how I read it hmm

            Any payments set up prior or after to the 'Free' period will be charged the 2% free. So if your payment was set up during the period i.e. before November, it will be free.

            Anyone else know better please chime in…

          • johnmelb on 17/07/2023 - 22:44
            +1

            @cyruslol: You only copied a part and that makes it really confusing.

            For all Citi PayAll payments set up between 1 April 2021 to 31 October 2023 (the Period), the Citi PayAll fee will be reduced to 0%. Any recurring Citi PayAll payments set up during the Period will not incur the Citi PayAll fee for the duration in which those payments are scheduled to occur. Any recurring Citi PayAll payments set up prior or after the Period will be charged the standard Citi PayAll fee of 2% of the amount of the Citi PayAll payment. This fee will apply to all recurring payments made for the duration in which those payments are scheduled to occur.

            The Period: 1 April 2021 to 31 October 2023
            If you set up Payall before or after, then it will occur a fee.
            During the Period won't

            Any recurring Citi PayAll payments set up during the Period will not incur the Citi PayAll fee for the duration in which those payments are scheduled to occur.

          • Ozbjd on 17/07/2023 - 23:02

            @cyruslol: No it's charged on those set up before or after "the period"

            Full text:

            For all Citi PayAll payments set up between 1 April 2021 to 31 October 2023 (the Period), the Citi PayAll fee will be reduced to 0%.*

            *Any recurring Citi PayAll payments set up during the Period will not incur the Citi PayAll fee for the duration in which those payments are scheduled to occur. Any recurring Citi PayAll payments set up prior or after the Period will be charged the standard Citi PayAll fee of 2% of the amount of the Citi PayAll payment. This fee will apply to all recurring payments made for the duration in which those payments are scheduled to occur.

      • poggers on 17/07/2023 - 21:36

        iirc they’ve been extending the deadline for like 1 or 2 years now, might happen again

        • sareth on 17/07/2023 - 22:31

          Probably not now that NAB has bought them

  • KH234 on 17/07/2023 - 21:25
    +1

    I have this card and it’s very useful.

    Min spend can be easily met using payall withdraw of 10k.

    Also set Per month 20k withdraw via Payall which gives you 20k points ($90).

    • project larx on 17/07/2023 - 21:33
      +2

      whats payall?

      • Homr on 17/07/2023 - 21:43
        +2

        It basically allows you to pay a bsb / account number using your Citibank credit card (and earn rewards points), normally Citi charges a 2% fee for this service.

        https://www.ozbargain.com.au/node/610776

        I payall around 15k per month which is around $60 in rewards points. $60 * 12month = $720 per year

        • potatosalad on 17/07/2023 - 21:57
          +1

          @Homr any reason you do 15k instead of 20k? From what I've gathered 20k is the max you can earn points on

          • Homr on 17/07/2023 - 22:03
            +1

            @potatosalad: My credit limit is only 15k

            I have the normal citi card fee free for life, not this prestige one

            • project larx on 17/07/2023 - 22:32

              @Homr: can you make the transaction and then repay the limit?

              or

              add credit ontop of your limit and make bigger payments greater than your limit?

              • Homr on 17/07/2023 - 22:35

                @project larx: 1st one won't work. Payall points are capped to your credit limit even if you pay it back

                2nd one will work, but 15k credit limit is quite large for me already on this card. I also have another 15k limit with my ANZ black card.

    • CodeXD on 17/07/2023 - 21:51

      20k points ($90)

      It is worth $100 if you convert it to flybuys at 1:1 with citi prestige

      • KH234 on 17/07/2023 - 22:13

        Nice to know. How to convert into flybuys points ? It would be great if you share . I’ll try to check as well

        • CodeXD on 17/07/2023 - 23:24

          Log onto citibank account, go to citi rewards, and redeem points.

    • Ladideeda on 09/08/2023 - 13:34

      Can anyone confirm that payall still counts towards minimum spend? I had a rep today tell me it doesn't?

      • longnbtd on 11/08/2023 - 11:31

        had the same confirmation from the rep i spoke to. Gotta find 10k from somewhere now.

      • yht on 11/08/2023 - 11:34

        Bugger, if I knew, I wouldn't apply for this card. Damn

        • CodeXD on 11/08/2023 - 11:36

          Do it anyway and see if it works.

          Call centre reps are more likely to say something won't work if they don't know the answer so they are not held accountable.

          • yht on 11/08/2023 - 11:52

            @CodeXD: I got the card and been spending for $15k using payall but only accrued 15k points. Do you know when they will give the bonus points ? Nab usually gives within a week once the criteria reached.

            • CodeXD on 11/08/2023 - 11:57

              @yht: From memory, a few days after the first statement in which you meet the requirements.

              • yht on 11/08/2023 - 12:04

                @CodeXD: Cheers, will wait for the first statement then

                • Zacsik on 11/08/2023 - 14:04

                  @yht: I hope so! Otherwise the 10k requirement is going to be annoying to hit. My first statement is on the 24th.

                  • Twenty2four4 on 23/08/2023 - 11:18
                    +1

                    @Zacsik: @Zacsik let me know when you receive your statement, I just signed up - hoping this isn't the case!!

                • yht on 23/08/2023 - 11:53
                  +1

                  @yht: Got 1st statement and bonus points from payall transactions. Yipee

                  • Zacsik on 23/08/2023 - 12:32
                    +1

                    @yht: Nice! That's awesome news.

                  • timhn on 23/08/2023 - 17:16
                    +1

                    @yht: lol, welcome to the PayAll club ;)

                    • Zacsik on 25/08/2023 - 14:24

                      @timhn: Yup, got mine too though Payall.

                  • longnbtd on 05/09/2023 - 11:37

                    @yht: Did the 275k shown as bonus points on your CC statement under "Your Reward Points Summary" or somewhere else? not seeing mine there and anywhere else; and definitely spent 20k PayAll.

                    EDIT: found it - not on the statement but in my app's point balance. YAYYYYY

  • BrunoBear on 17/07/2023 - 21:32
    +3

    Nowhere near as good as last deal, but still a deal. Interest alone from payall should cover the annual fee. Then you have unlimited priority pass, 4th night accommodation free, 1 airport transfer free. Plus you are getting $100 worth of points per month if you max out the payall.
    minimum profit per year is $1200+$1000(from payall5%interest)-$700AF = $1500

    • Xizor on 17/07/2023 - 22:03
      +2

      4th night free has all been dodgy rates when i have tried and not worth it. Maybe just my rotten luck. And twice they stuffed me around trying to get the airport transfer so still havent got it. Have to kill the card in 2 months so hopefully can use it by then. The priority has has been handy to get a good free meal at airport and of course some converted velocity points.

      • sickllama on 18/07/2023 - 08:05

        How did they stuff you around with the airport transfers? We're booked for an early morning transfer soon with Hughes (booked for free via Citi) and nervous if it will show up!

        • Xizor on 18/07/2023 - 10:48

          First time im not sure, seemed to get cancelled and could not give reason. Second time kept delaying to "check availability", "waiting for confirmation" only to then be denied as it fell into 24hrs despite making the request days before. It felt like the call center folk had a vested interest in not booking it. Both times were for transfer from Sydney Airport home. I have another trip next month so ill try again one last time before i cancel the card in September.

        • jennkei on 18/07/2023 - 13:41

          Don't worry. I was anxious too (also early morning) and had no problem with pickup two months ago. If you want/if you have not already done so, you can call Hughes to confirm. I booked via email.

          Can confirm I was unable to use fourth night free though, got a quote for six locations (two cities) and I just went with Agoda in the end. I know Point Hacks once did an analysis and their discount was 20% off. The best I got was 12% better and they also quoted me for Twin rather than the Double I requested for one of the rooms. I think this will really vary due to the hotels you are picking/possibly even the time, just a pity there's no easy way to check/it's not consistently good.
          https://cdn.discordapp.com/attachments/638187982146371594/10…

      • n0mad on 18/07/2023 - 15:46

        i've had good success with 4th night free, expedia had a promotion at the time already making them the cheapest for that hotel and the 4th night free was based off that. always shop around but there are some where it works out better.

      • heytherehoney on 18/07/2023 - 15:52

        I thought I would use the 4th night free benefit for my upcoming trip to Europe but found much better options elsewhere.

        I got a hotel quote from the Citi concierge and noticed that the 4th night cashback was calculated on the tax-exclusive cost of the booking, so it was even worse value than I thought, e.g. if 4 nights costs $1,600 ($1,454 excl. tax) you don't get $400 back, you get $364 back ($1,454 / 4)

        • dazchan on 03/08/2023 - 11:43

          Same I assumed they would rebate the entire 4th night, hotel rate + taxes. But it was only the hotel rate rebated, better than nothing I guess. 3x bookings + Airport transfer so far have more than covered the $700 annual fee.

    • alex123711 on 21/07/2023 - 19:15

      Can you use PayPal to pay rent etc and that's included?

      • Edgecrusher on 22/07/2023 - 07:43

        Payall - yes you certainly can!

  • Gdsamp on 17/07/2023 - 21:33
    +1

    So glad Citibank prospects are looking grim these days. Product could be a loss leader for them, cheers to those who sign up.

  • project larx on 17/07/2023 - 21:34
    +4

    someone explain payall for all of us uninitiated folk?

    • Homr on 17/07/2023 - 21:44

      It basically allows you to pay a bsb / account number using your Citibank credit card (and earn rewards points), normally Citi charges a 2% fee for this service.

      https://www.ozbargain.com.au/node/610776

      I payall around 15k per month which is around $60 in rewards points. $60 * 12month = $720 per year

      • project larx on 17/07/2023 - 21:48

        how many points do you earn per $?

      • CodeXD on 17/07/2023 - 21:53

        Why not do the whole $20k?

        • Homr on 17/07/2023 - 21:56

          My credit limit is only 15k.

          • Willyslicks on 17/07/2023 - 22:03

            @Homr: you can overpay 5k extra so you'll have 15k + 5k credit allowing you to do 20k.

      • lilyesp on 17/07/2023 - 21:53

        So can't I guess say pay 20k into my bsb account .pay it back and .rpt 5 times..and get 100k in points

      • nightelves on 18/07/2023 - 00:24

        You can payall 20k though

  • lilyesp on 17/07/2023 - 21:40

    So can you just use citi payall to like send or 'pay' $10 000 into another of your own bank accounts? To fulfill the criteria for the extra points

    • Seisei on 17/07/2023 - 21:45

      Yep.

      • lilyesp on 17/07/2023 - 21:51

        Oh really ohhhhh
        Just had an orgasm

        Also if I withdraw after getting the points can I get refund of the annual fee

      • alex123711 on 21/07/2023 - 19:16

        Are you sure? Got a couple of downvotes?

        • CodeXD on 21/07/2023 - 20:31

          You can. I'm currently doing it.

          • kdmeir on 21/07/2023 - 21:39

            @CodeXD: It wouldn’t let me payall into one of my other different bank accounts. Error messsge mentioned you cannot transfer money with payall to an account under the same name.
            Had to payall it into a family members account.
            How did you do it into your bank account ?

            • CodeXD on 21/07/2023 - 22:10

              @kdmeir: Don't name the account with your own name. I used initials like

              CXD Offset Account

  • Koipanda on 17/07/2023 - 21:51
    +4

    Why have all CC deals suddenly gone to shit…

    • abc on 17/07/2023 - 22:55

      blame Gov Lowe.

  • yht on 17/07/2023 - 21:59

    Tempted

  • w3dragon25 on 17/07/2023 - 22:03

    Is it possible to sign up to this offer and Qantas's first Frequent Flyer bonus Citibank Prestige card at the same time?
    edit: nvm, 2 separate deals

  • yht on 17/07/2023 - 22:05

    Whats the limit for payall please ? I mean, if the card has a limit of $30,000, are we able to use up the whole amount monthly ? Sorry, just read the earlier posting.

    • baka1 on 17/07/2023 - 22:08

      Minimum $20K credit limit for the Prestige card.

      A cardholder can make up to $20,000 (subject to available credit) in Citi PayAll transactions each calendar month across all Citi branded Credit Cards.

  • yht on 17/07/2023 - 22:10

    No condition for new customer only ? Ie. Existing customer will be eligible to apply and still get bonus points ?

    • baka1 on 17/07/2023 - 22:12
      -1

      Yes, as long as you schedule your payments by October.

      • Nand0sx on 09/10/2023 - 21:32

        "Fees and charges apply. Credit criteria apply. New Citi Prestige credit card customers only and cannot be used in conjunction with any other offers."

        Did you apply with previous history and receive the points?

  • scanuck on 17/07/2023 - 22:19
    +1

    Can you pay all the $20k to a HISA and then send it back before interest is due?

    Rinse and repeat?

    Does payall count towards min spend?

    • baka1 on 17/07/2023 - 22:22
      +1

      Maybe. Probably works better with a mortgage with an offset account in case the withdrawal does not meet the HISA condition (I'm thinking bonus interest).

      Yes and Yes to the last 2 questions.

      • scanuck on 18/07/2023 - 07:20

        Good call - will need to look at my redraw conditions!

  • BrunoBear on 17/07/2023 - 23:56
    +6

    PSA for those thinking of setting up payall: Do not do it into BOQ accounts. Another Ozbargainer suddenly had all their accounts closed (including citibank) because BOQ thought the funds did not belong to them.

    • DoctorCalculon on 26/08/2023 - 23:27

      Is it against Citi PayAll T&Cs to fund your own or someone else's bank account just for the purpose of earning points?
      Just asking as I found it bizarre that Citi closed @DuCkBiLL's credit account after BOQ allegedly got in touch with them? WTF happened to the privacy principles here?

  • mr_asstight on 17/07/2023 - 23:58

    Love this card. Game changer.

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