CITI Premier Credit Card: 110,000 Bonus Velocity Frequent Flyer Points - $8,000 Spend in 3 Months, $300 Annual Fee @ Point Hacks

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CITI Premier Credit Card: 110,000 Bonus Velocity Frequent Flyer Points - $8,000 Spend in 3 Months, $300 Annual Fee @ Point Hacks
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Associatedpohaau on 14/03/2024 - 15:00 pointhacks.com.au (2336 clicks)
Last edited 14/03/2024 - 15:47 by 1 other user

CITI are now offering 110,000 bonus Velocity Frequent Flyer Points and on your new CITI Premier credit card when you spend $8,000 on eligible purchases within the first 3 months. This is an "Exclusive" offer that is only available through PointHacks.

The 110,000 bonus Velocity Points offer is now live for a Limited Time Only.

Details include:

  • 110,000 bonus Velocity Points, when you spend $8,000 on eligible purchases within 3 months from approval and opt in for Points Autosweep~

  • Receive complimentary membership and two airport lounge visits every year when you enrol in Priority Pass™

  • Receive complimentary mobile phone insurance for Accidental Damage and Theft of up to $1,000 per claim with an annual limit of $1650, when you pay your
    Monthly Mobile Plan with your Citi Premier Credit Card PDS.

  • 10% off (up to $250 per booking) selected Luxury Escapes hotels. Offer valid until 1 March 2025

  • 6 months complimentary Uber One membership valued at $59.94 when you redeem by 31 March 2024

  • Earn Citi reward Points with Citi PayAll on rent, taxes, education fees, property management fees, childcare, miscellaneous bills and more

  • Spend Big, Pay in Parts with Citi Instalment Plans by turning your big expenses into monthly repayments at a fixed interest rate over a set term

  • Ability to earn Citi reward Points and transfer them to Velocity Frequent Flyer. You can automatically transfer your Points balance to Velocity Frequent Flyer each month with Points Autosweep^

  • Apple Pay, Google Pay & Samsung Pay Support

  • Earn 2 Citi reward Points per $1 spent on Eligible Transactions online or overseas and 1 Citi reward Point per $1 spent on Eligible Transactions everywhere else, capped at 200,000 Citi reward Points over a 12-month period

  • Annual Fee: $300 annual fee 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 p.a. ongoing
  • Limited Time Only

View the full offer details only at PointHacks.

This offer is only available exclusively through Point Hacks and not available through any other channel, including if you go to CITI directly or use a referral link.

New Citi Premier Credit Card customers only

T&Cs apply. Offer ends 31 May 2024. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

Financial Citi Credit Card Frequent Flyer MasterCard Reward Points Velocity Frequent Flyer

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Comments

  • yht on 14/03/2024 - 15:01

    Is it okay if I already have Prestige card ?

    • wazza23 on 14/03/2024 - 15:18

      also want to know this

      • Ehty on 14/03/2024 - 15:34
        +2

        Yes, usually they dont have issue with that, unless you have loads of other cards.

  • gembel on 14/03/2024 - 15:05

    I closed my premier card back in 2020. Am I eligible for the bonus points again?

    • starburstyellow on 14/03/2024 - 15:29
      +1

      Yes. Citi don't have a grace period. I've owned both premier and prestige at same time and got bonuses for both.

      • gembel on 14/03/2024 - 15:34
        +2

        the condition says "New Citi Premier Credit Card customers only" though?

        Im not a new customer anymore since I already owned one 2 years ago.. hmm

        have you applied multiple times over some time?

        • dsar on 14/03/2024 - 18:09
          +1

          Would love to know as well

        • timhn on 14/03/2024 - 20:00
          +2

          Standard T&Cs from any credit card deals. It's basically mean "the offer not available for current active account holders of the same card", ie you can't claim for the bonus if you're currently having this card and managed to meet the spending requirements.

          Source : I've been repeatedly applied (at least since last 5yr) from virtually all the big4 for same type of card every year. They all had that same statement. No problem getting the bonus points.

          The only term that you should avoid is when they said something like "not applicable if you have owned this card in the past".

          • lilsmilingstar on 25/03/2024 - 10:57

            @timhn: What if I'm already a supplementary card holder of this same card (Citi Premier)?

            • timhn on 26/03/2024 - 06:57
              +1

              @lilsmilingstar: You'll be fine. You're not their customer of that card, the primary holder is the one.

      • Espri on 26/04/2024 - 22:45

        Do you know if this also applies to downgrading a premier card to their no fee card? Would I be eligible for the sign on bonus again without closing my cards with citi fully first?

        • starburstyellow on 27/04/2024 - 01:22

          I would say so yes, but good if you can confirm with them. They are quite good.

    • desibaba on 14/03/2024 - 15:33
      +1

      I have closed my prestige and applied the next day for premier and was all fine.

      • gembel on 14/03/2024 - 15:34
        +2

        prestige and premier are different products

  • knobbs on 14/03/2024 - 15:19
    +33

    Come on now, 8k? These spends are getting too much

    • bk1973 on 14/03/2024 - 15:25
      +8

      You can likely do it through PayAll, which attracts a 0.95% fee. So would cost $76. PayAll was how I covered the 10k minimum for the prestige card.

      • knobbs on 14/03/2024 - 15:26
        +11

        PayAll is love, PayAll is life. Won't be messing with my setup till NAB nuke it

        • SummerZero on 14/03/2024 - 15:34

          So in theory could someone use payall to make payment to another persons bank account, and (1) earn points on the transfer and (2) have the payment count towards minimum spend?

          In the past I've heard of purchasing gift cards through varuous retailers that count towards spend and points. But pay all is new to me.

          • no not me on 14/03/2024 - 15:48
            +7

            @SummerZero: Lots of people have PayAll set up to transfer the limit of $20K to their bank account, collect interest and 20K Citi point, then pay it off before the statement is due. Prior to late last year, PayAll transactions attracted a 0% fee. Plenty of people still have recurring PayAll transactions running.

            • SummerZero on 14/03/2024 - 16:08

              @no not me: Thanks. I'll be coming back to citi at some point so it's good to know the ins and outs of this stuff.

          • ee380 on 14/03/2024 - 16:03
            +1

            @SummerZero: Would be good if we could get some clarification from OP @pohaau on using PayAll to count towards the minimum spend.

            • Freshozb on 14/03/2024 - 17:35
              +2

              @ee380: it does

            • timhn on 14/03/2024 - 20:03

              @ee380: There's a deal with over 100 pages discussion on this. I think that since 2022.

              • arcticmonkey on 19/03/2024 - 21:28
                +1

                @timhn: So is it 100% the case that PayAll still counts towards the minimum spend?

                • twistedbow on 25/03/2024 - 15:34

                  @arcticmonkey: Yes (unless they changed the T&C). done it on citi's premier, prestige, and reward card.

    • xyron on 14/03/2024 - 15:28
      +11

      Sadly, I have noticed my monthly expenses going up a lot in recent months/years (and I'm sure I'm not the only one), to the point where I no longer think $8k in 3 months is that excessive…

      • hamwhisperer on 27/04/2024 - 15:04

        I gotta say it's at least possible I reckon to do it.

    • pformag on 14/03/2024 - 16:07
      +14

      $2666 per month is not crazy.

      • shanlee on 14/03/2024 - 17:00

        it does, depends on how much u earn.

        • SolitaryMan on 14/03/2024 - 17:34
          +1

          In which case you’re not going to be a big enough customer for them to justify giving you so many free points.

      • Gdsamp on 14/03/2024 - 21:12

        but not our CITI! couldn't be precious CITI! Stealing them blind!

    • shanlee on 14/03/2024 - 16:59
      +2

      Sell an item in ebay and ask ur family members to buy it using the new card. %0 FVP on ebay once a month.

    • Gdsamp on 14/03/2024 - 17:24
      -1

      Realistic 3-month spending estimate in Albo's Australia

    • hamwhisperer on 14/03/2024 - 18:56

      I think you can pre pay some bills? I know some of your might hate that but my brain is very bad at being organised so I ensure all my utilities and stuff are paid well ahead, so it's impossible for me to be late on a bill

      Both my water bills, power etc. Worth considering within reason

    • girafficlight on 14/03/2024 - 19:19

      there's a new website that pays your rent, using the credit card so you get the points, unsure if trustworthy haven't yet tried it. but would be an easy/great idea if it did

      • OzBestDeal on 14/03/2024 - 20:05

        Sniip?
        They charge 1.5% fees for using visa/mastercard
        Not worth it

        • girafficlight on 15/03/2024 - 00:04

          It was a different brand but figured there would be a surcharge l. Good to know

  • thrillho on 14/03/2024 - 15:26
    +1

    Not a terrible deal but sheesh these spends 💩

  • Drakesy on 14/03/2024 - 15:35
    +20

    this is terrible value for money

    A lot of better options with the 30,000 bonus points on offer

    Come on pointhacks don't ruin your reputation.

    • arcticmonkey on 14/03/2024 - 16:55
      +3

      Plus Citi's/NAB's offshored service is the worst I've faced out of all of the banks.

      Had to AFCA them twice in 3 months due to them not responding and not following up across numerous channels.

    • nomekop on 14/03/2024 - 18:38

      Hi @Drakesy

      Any cards that you recommend now? Thank you so much!

      • Drakesy on 14/03/2024 - 18:48
        +1

        The ones in the link?

      • Blokeinhisundies on 14/03/2024 - 18:59
        +1

        Velocity Flyer is spend $1500/m each month for two months which is fairly low. 30,000/m + 30,000 bonus points. Not that the first month starts the date your application is approved

        Westpac Altitude Velocity Platinum is spend $4000 in 90 days for 60,000 + 30, 000 bonus points. Can add digital card to your google/apple wallet as soon as approved as well as use it for online purchases straight away.

        Both have low minimum credit limit of $6k and income of over $30k for Westpac and $35k for Virgin.

        • pman54 on 22/03/2024 - 21:11

          Applied these two cards and got 90k points in westpac card. Waiting for the second month on the virgin card.

  • Alee91 on 14/03/2024 - 15:56

    No free domestic flight, isnt amex offer better than this?

    Also, Not exactly related to the topic, but is it better to keep focus on 1 points program as in QFF , or having both at same time.

    I am so confuse with the direction i should be going

    • Drakesy on 14/03/2024 - 16:09
      +14

      A true churner does both to maximise the number of cards.

      • adrianhughes1998 on 14/03/2024 - 17:48

        This is what I do, both Velocity and qantarse

      • Alee91 on 14/03/2024 - 22:02

        Makes sense, only issue is i have this dream of flying first class using points 😅

  • oz123123 on 14/03/2024 - 16:26

    The Ts and Cs from Citi Payall:

    10.1 When accessing and using the Service, you must comply with any prescribed verification procedures, or other procedures, directions and instructions communicated by us to you. Further, you hereby represent and warrant that you shall not, in connection with your use of the Service:

    …

    (b) send money to yourself or recipients who have not provided you with goods or services (unless expressly allowed by us);

    (c) provide yourself or any other party a cash advance from your card (or help other parties to do so);

    • ponchoau on 15/03/2024 - 01:15

      I question the legality (in Australia where T&Cs are barely worth the paper they’re written on) of a bank placing legally enforceable restrictions on how you choose to use your line of credit as long as you’re making your repayments.

  • Ranike on 14/03/2024 - 16:36

    Is 8k spend the highest from this type of card? Seems insanely high compared to Amex 3k spend, and then what does $300 annual fee actually give you?

    I've read that people can get these annual fees refunded if you cancel early enough. Don't know if that would be true with this particular card.

    • Hugh G Rection on 15/03/2024 - 10:00
      +1

      no problems hitting that at the grocery store with how the price increases are going.

  • BBF on 14/03/2024 - 16:57
    +1

    If you are booking travel, $8K is no prob.
    Overseas Flights, Accom, a few Trains and Car Hire for two people.
    Business class will blow it. Not me, I can't justify the $s for a day or two, much prefer slightly better accom & still save heaps.

    Even boring stuff like house & car insurance and private health insurance for a year.

    • caustic birch on 14/03/2024 - 17:27

      Maybe for some. I barely break ~3k on 3 weeks in Europe. But I stay with family a good portion of that.

    • wellzi on 15/03/2024 - 09:25

      Whilst true, ideally you would want the bonus points BEFORE you go booking flights, etc. surely?

      • BBF on 15/03/2024 - 17:13

        Why?

        • wellzi on 15/03/2024 - 19:47
          +1

          So you can use the velocity points on the flights or accom? Wdym why lmao

  • mastahpee on 14/03/2024 - 17:12

    What's usually the income required for this type of card?

    • timhn on 16/03/2024 - 11:53

      Judging the min credit limit is $10K, I guess income requirements probably round $70K

  • xryanlee on 14/03/2024 - 17:31

    Citi credit card and Coles credit card are all backed by NAB. They even use the same call centre and same backend system to support all brands.

  • gembel on 14/03/2024 - 17:38

    Has anyone applied the Citi Premier card every year and always received the bonus points?

    • timhn on 16/03/2024 - 12:13

      Back in 2018-2019, due to extensive travels, I applied twice within short period - around 3-5 months apart, while still keeping my free4life Premier card (so basically held 2 active Premier cards at same time). No issues with getting the bonus points.

      Citibank cards don't have grace period in their T&C's. Once they approved the application, you're good.

  • adrianhughes1998 on 14/03/2024 - 17:50
    +3

    After the end of 2022, Citibank lost the plot with their minimum spend and annual fee requirements for their cards.

    Remember getting like 60k and 80k velocity and Qantas points for like $45 and $30 respectively back at end-2022

  • rxjb on 14/03/2024 - 17:53

    Out of interest what's the best redemption of points through citi. I was thinking 1:1 on flybuys points seemed pretty good? Please educate me. Got 400k to redeem

    • SolidlyIrresponsible on 14/03/2024 - 18:22

      I dont know what is best, but I do know you can always convert it to flybuys (1:1) and then to velocity (1:2), but not the other way around. So it seems to me like the best way to redeem these points is flybuys in any case.

      • wangasm on 14/03/2024 - 18:51

        If you redeem it to Flybuys first you will usually lose out on bonus transfer promos like this one, so best not to do it unless you are closing the card.

        • rxjb on 14/03/2024 - 20:23
          +1

          Just mindful if NAB remove options and can't redeem for anything of interest

        • SolidlyIrresponsible on 14/03/2024 - 21:31

          Good point.

    • wangasm on 14/03/2024 - 18:43
      +6

      I made a spreadsheet here a while ago which should still be current. Note this is only for Citi reward points

      In summary and in order:

      If you fly international -> Krisflyer (3 year expiry)
      If you fly domestic & international -> Velocity (2 year inactivity expiry) - Ideally wait for a velocity bonus transfer offer before doing this
      If you don't fly but shop a lot at Coles, Target, Kmart -> Flybuys
      If you don't shop at Coles, Target, Kmart -> Gift cards (Amazon, eBay, Woolies/Wish, Uber etc.)
      If you don't shop -> Pay with points (Can apply to any transaction)
      If you are feeling generous -> Donation
      Ignore the other rewards

  • ozbargainerlife1 on 14/03/2024 - 18:11

    I hold a Citi Rewards Card - do I need to close this first?

    • gembel on 15/03/2024 - 10:30

      Had citi rewards, cancelled it. 2 days later applied citi prestige card and got approved.

  • HappyPuppies on 14/03/2024 - 18:35
    +2

    3.4% Forex fee ouch.

    • BBF on 15/03/2024 - 17:18

      Yeah, It's a bit of a bummer since they killed the companion Diners card with no fx fee. 2x reward points though.
      Would have been a nice gesture to at least reduce the fx fee as compensation or good will etc. NAB …YBs..

  • littlesoldier on 14/03/2024 - 20:44
    +3

    Got this card from Free For Life offer 10 years ago *used to be called Signature, now Premier
    still having it for free

    • navman on 15/03/2024 - 06:28
      +1

      Hah, yeah same. Had to cancel mine when applying for a home loan though, due to the minimum $15k limit.

      • littlesoldier on 15/03/2024 - 07:58
        +1

        They have now changed to $10k limit, still try to hold as long as I can

        • whyisave on 22/03/2024 - 04:52

          That's what I did, changed the limit to $10k
          and still holding this to awesome 2014 deal :-)

    • Vallani on 15/03/2024 - 07:29

      Me too, probably my best ever deal from Ozb. CBA tried to get me to cancel it when I applied for a home loan, I told them to f-off and managed to keep it.

    • tekisei on 15/03/2024 - 09:49

      Yeah that one is good. I also got Citi Platinum (now called Rewards) which will disappointingly soon change from free to $149/yr now that the Citi NAB merge is complete.

      Hopefully same doesn't happen to my Premier.

  • FurioG on 15/03/2024 - 07:42

    8,000 spend, 300 annual fee. These Qantas points cards are getting so much more difficult. Just a few years back there were multple options giving circa 70k for 3k over 3 months and annial fee waived year one…

  • klonky on 15/03/2024 - 08:12
    +3

    I have Netflix and Disney Plus. Ill meet the spend easy.

  • wellzi on 15/03/2024 - 09:19

    This isn't a deal… $8K in 3 months? Really! Citi's application process and customer service is a shocker, which deserves a neg alone.

    The Amex offer for 120K points, $3K spend in 3 months, and $375 annual fee IMO is far better.

    • Hugh G Rection on 15/03/2024 - 10:01
      +1

      true, but i already got that one. so i mine as well get this one next to load up more points.

      • wellzi on 15/03/2024 - 10:57

        No reason why not if you spend the cash already, but still the experience and support is not worth it. Of course, that’s just my opinion.

        • Hugh G Rection on 15/03/2024 - 11:30

          i can't speak on citi, but amex customer service has been awesome. i use the chat on the app and they are quick to answer and don't have me sitting forever, and they actually answer my questions and not just cut and paste automatic responses.

          • wellzi on 15/03/2024 - 11:53

            @Hugh G Rection: Yeah that's why I went with the Amex offer. I haven't had to deal with their support team yet, but the application process was so simple and quick and I got my card delivered within the week. Always kept up to date, tracking provided of the card and all. I've heard good things about their support team!

        • BBF on 20/03/2024 - 17:44

          I've been with Citibank for over 30 years.
          Overall their support has been the best I have ever got from a bank.
          There has been two periods of a year or two in that time when they have been sh*t and I bagged them for it. The majority has been competent and more recently, excellent service.
          I'm bummed that nab is knackering it and I only have credit cards left.

  • sinbox on 15/03/2024 - 17:41

    Any high value reward earning card recommendations (pref with good sign up bonus) with no/low FX fees? I'm already have 2x AMEX, so that rules it out…

  • postman on 19/03/2024 - 08:12

    If we don't have a Velocity account, will we get Citi point instead or we have to link a Velocity account?

    • stigsphilocousin on 22/03/2024 - 21:25
      +1

      The way the offer is worded implies you have to link it to a Velocity account for the points to be credited and converted to Velocity i.e. you appear to have no way to leave it as standard Citi Rewards points

      • postman on 21/04/2024 - 19:13

        Got points in Citi points and didn't get email to register for Velocity. Points can be transferred to other partner as normal points.

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