Citi Rewards Credit Card Overview
The Citi Rewards Credit Card offers an enticing 100,000 bonus Citi reward Points for new cardholders.
Effective Frequent Flyer Program Point Earn Rates
- Velocity Frequent Flyer: 0.4 points per $1.
- Singapore Airlines KrisFlyer: 0.33 miles per $1.
- Flybuys: 0.75 points per $1.
You will be automatically enrolled in the Citi Rewards Program once approved for the Citi Rewards Credit Card. This flexible program allows you to transfer points to various airline partners at your convenience, with the following transfer partners:
- Velocity Frequent Flyer: 2.5:1 (The 100,000 bonus points would be worth 40,000 Velocity Points when transferred)
- Singapore Airlines KrisFlyer: 3:1
- Flybuys: 1.33:1
Note: Unlike the Citi Premier or Citi Prestige cards, the Citi Rewards Credit Card does not earn Qantas Points directly through the Citi Qantas Rewards program.
Features of the Citi Rewards Credit Card
Pay with Points The Citi Rewards Credit Card offers the flexibility of Citi’s Pay with Points feature, allowing cardholders to use points to offset eligible purchases in various ways:
- Pay with Points (full amount)
- Pay with Points (partial amount via the Citi Mobile® App)
- Spend and Redeem (real-time SMS offer)
You can redeem Citi reward Points at a rate of up to $10 back per 2,500 Citi reward Points (0.4 cents per point).
Access to Complimentary Insurance Eligible for several complimentary insurances:
- International and Domestic Travel Insurance
- Mobile Phone Insurance
- Purchase Protection Insurance
Refer to the Policy Information Booklet for eligibility requirements and details.
Citi PayAll
Earn Citi reward Points on larger expenses such as rent, taxes, education fees, property management fees, childcare, and other bills with Citi PayAll. Offers are subject to eligibility and Citi PayAll fees apply.
Mobile Wallets
Apple Pay, Google Pay, and Samsung Pay are all supported.
10% off selected Luxury Escapes hotels
With the Citi Rewards Credit Card, you can get 10% off (up to $250 per booking) on 'Limited Time LUX Exclusive' hotel offers with your Citi Rewards Mastercard using Promo Code: CITI10. Valid until 1 March 2025.
Complimentary Mobile Phone Insurance
Enjoy monthly cover on your eligible mobile phone for Accidental Damage or theft when you pay your Monthly Mobile Plan bill with your Citi Rewards Mastercard. This includes accidental damage, just keep in mind that an excess of $50 applies to each claim.
Complimentary Travel Insurance
Get access to complimentary insurances such as International and Domestic Travel Insurance with your Citi Rewards Mastercard.
You’ll also get Purchase Protection Insurance and Extended Warranty Insurance when you pay for purchases with your Citi Rewards Mastercard. Learn more here.
Who is the Citi Rewards Credit Card For?
At Flight Hacks we consider the Citi Rewards Credit Card an everyday credit card offering flexible rewards. It’s ideal for those who aren’t ready yet for the premium rewards cards but still want to take advantage of a generous sign up offer while getting access to fantastic programs such as KrisFlyer and Velocity Frequent Flyer.
Summing Up
The key benefit of the Citi Rewards Credit Card is the flexibility of the Citi Rewards program. This program allows you to transfer reward points to a selection of loyalty programs. The card is ideal for travellers who want a choice of airline or Flybuys options, covering two of the most popular airlines in the Australian market outside of Qantas. Receive 100,000 Citi reward Points^ (equivalent to $400 when you Pay with Points) when you apply for a new Citi Rewards Credit Card and spend $5,000 or more on eligible purchases in the first 3 months from approval, plus enjoy a discounted first-year annual fee of $99 ($199 thereafter).
Important Information
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded credit products. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services.
Our/us/we means NAB unless the context otherwise requires it.
“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.
^ Bonus Citi reward PointsTo be eligible to receive 100,000 bonus Citi reward Points, you must spend a minimum of $5,000 on eligible purchases using your new card within 3 months from approval. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds and Chargebacks. The 100,000 bonus Citi reward Points will be credited to your Rewards Balance within 2 months of meeting the spend criteria. All rewards are subject to the Terms and Conditions of the Citi Rewards Program. Your Citi Rewards Card must remain open, in good standing (for example – your account is not in default, suspended or closed) and enrolled in the Citi Rewards program for the bonus Citi reward Points to be awarded. This offer commenced 22 February 2024. We may vary or end this offer at any time. This offer is not available when closing or transferring from another Citi branded credit card account or in conjunction with any other Citi branded credit card offer.
