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Citi Premier Card – Cashback Offer
Citi Premier Card – Cashback Offer

Citi Credit Cards

Citi Premier Card – Cashback Offer

Updated 22 November 2021

Get your hands on the new Citi Premier Card and enjoy its exciting cashback offer - $600 cashback when you spend $4,000 on eligible purchases using Apple eligible transactions. Earn up to 2 Citi reward points per $1 spent on eligible transactions. Other benefits include a range of complimentary insurance covers, lounge passes, and exclusive Citi perks.

T&Cs apply. Offer ends 28 April 2022

Points Earn Rate (per $1 spent)

1 point

Capped at $200,00 per 12 month period on online, international, and domestic spend

Rewards Program

Citibank Rewards Program

Bonus Points

N/A

Pros and cons

  • $600 cashback when you spend $4,000 on eligible purchases using Apple Pay within 90 days from approval.
  • Earn 2 Points per $1 spent on eligible transactions made overseas and/or online; 1 Point for all other eligible domestic purchases.
  • Discounted annual fee of $150 in the first year and each subsequent year if you spend $48,000 on eligible purchases or cash advances in the previous year.
  • 0% p.a. interest on balance transfers for 6 months with no balance transfers fee; Reverts to cash advance rate.
  • Get $10 cashback each month when you spend $25 or more, in one transaction, with Deliveroo. Available until 31 January 2022.
  • Get $5 cashback each month when you pay for a Spotify Premium subscription of $10 or more with your Citi credit card. Available until 31 January 2022.
  • Up to 55 days interest free on purchases if you pay off the balance in full by the due date
  • Up to four (4) additional cardholders at no extra cost.
  • Two (2) complimentary lounge passes each year.
  • Complimentary Mobile Phone Insurance, International Travel Insurance, Purchase Cover, and Extended Warranty Insurance. T&Cs. apply.
  • Free bottle of wine when you dine and pay with your Citi card at select partner restaurants.
  • Compatible with Apple Pay and Samsung Pay.

  • Interest free days won’t apply for retail purchases if you have a balance transfer
  • High cash advance and purchase rates, currently 22.24% p.a. and 21.49%, respectively

Creditcard.com.au review

Editor Review

Citi Premier Card – Cashback Offer

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt about this card.

Citi Premier Card - Cashback Offer Review

The Citi Premier Credit Card comes with an exciting cashback offer - $600 cashback when you spend $4,000 on eligible purchases using Apple Pay within 90 days from approval. To take advantage of this offer, you must apply and be approved by 28 April 2022.

Additionally, you can earn rewards points on eligible transactions when you use your Citi Premier Card for making online, overseas, and everyday purchases. Plus, it comes with a range of complimentary insurance covers, travel benefits, and awesome Citi perks.

Let’s dig into what Citi Premier Card has to offer to find out if it is worth your while.

What we love…

While each cashback offer is unique, what makes the Citi Premier Card stand out is its extravagant features, benefits, and perks.

To start off, new cardholders can also earn cashback with participating partners. You can get $10 cashback every month when you spend $25 or more in one transaction with Deliveroo, and $5 cashback on your Spotify Premium subscription of $10 or more each month.

In terms of travel and leisure benefits, Citi Premier Card comes with complimentary Priority Pass that allows you to visit two airport lounges every year. You will have peace of mind when travelling with the free international travel insurance that may cover lost, damaged, or stolen personal belongings as well as flight cancellations.

If you enjoy a glass of wine with your meal, you'll appreciate the free bottle of wine offered by Citi's partner restaurants when you pay with your Citi Premier Card.

Another enticing feature is the discounted annual card fee - if you spend $48,000 in the first year and each subsequent year, you get to enjoy a reduced $150 annual fee. Otherwise, the standard $300 annual fee will apply.

What’s not so great…

Cardholders should be wary about continuing to use this card once the promotional period has ended, as the typical ongoing rates are quite hefty. The ongoing purchase rate is currently at a whopping 21.49% p.a. Furthermore, the introductory balance transfer rate reverts to the cash advance rate, currently at 22.24% p.a.

Another drawback worth mentioning, if you move your existing balance to Citi Premier Card, you will not be eligible for the 55-day interest-free period until you have paid off the balance transfer.

Those that travel extensively and shop online can earn the highest reward points offered by Citi Premier Card - 2 Citi reward points per $1 spent. If you are one to make more domestic purchases, this card’s earn rate may not fit into your spending habits.

Keep these points in mind and carefully weigh the pros and cons before making a decision to make sure this card works out in your favour, everything considered.

Why should you choose this card?

The Citi Premier Card offers cashback as a reward for your spending and at the same, it lets you earn rewards points at a decent earn rate. Plus, it's loaded with free travel benefits and other awesome perks.

With the $600 cashback offer, you have the freedom to spend it any way you want to because you are not limited to using it within the rewards program only. Citibank’s partnership with retailers that also give cashback, free wine, and discounts are also a huge and exciting incentive.

  • Earn 2 Points per $1 on all eligible online transactions
  • Earn 2 Points per $1 on all eligible international transactions made overseas or online with a merchant that is based overseas
  • Earn 2 Citi rewards Points per $1 on all eligible transactions made using the Linked Diners
  • Club Card
  • Earn 1 Points per $1 on all eligible domestic transactions
  • Earn 1 Citi rewards Point per $1 on all eligible transactions using Citi PayAll

Redeeming your points:

Citi reward Points can be redeemed for flights, hotels, shopping, dining, and car hire. You can use it to pay for almost anything like appliances, homewares, and other merchandise at partner stores. You also have an option to transfer your Citi reward Points to partner programs including Emirates Skywards, Singapore Airlines KrisFlyer, flybuys, and many more.

Features and extras:

  • Connect: The Citi Premier credit card syncs with Apple Pay and Samsung Pay, and the Citi Mobile App for personal account access
  • Service & Support: Citi’s customer support provides round-the-clock customer service and fraud protection, with emergency card replacement and 24/7 customer service if your card is lost or stolen.
  • Complimentary Insurance: Free International Travel Insurance, Mobile Phone Insurance, Transit Accident Insurance, Purchase Cover Insurance, Extended Warranty Insurance and Guaranteed Pricing Scheme on all eligible purchases.
  • Citibank Dining Program: Enjoy a free bottle of wine every time you dine and pay with your Citi card at one of the program’s partner restaurants.
  • Citi PayAll: Set up single or regular Citi PayAll payments to cover anything from your rent and taxes, to education fees, childcare and bills, managing it all using the Citi Mobile App.
  • Mastercard Priceless Cities: Access unforgettable experiences around the world with Priceless Cities.
  • Citi World Privileges: Benefit from exclusive access to special offers, such as upgraded car rentals and hotel rooms, to online shopping discounts.
  • Personal Concierge: Your personal assistant is on hand 24/7 to help with anything from restaurant reservations to travel bookings.
  • Cashback: Partnerships with participating retailers like Deliveroo and Spotify that put cash back in your pocket.

Overall Rating

The Citi Premier Card rewards you with cashback for your purchases while also allowing you to accumulate rewards points at a decent earn rate. It also comes with a slew of free travel privileges and other awesome exclusive Citi perks.

While it does have a premium annual fee, you can get a discount when you spend a certain amount on your card each year.

User reviews

Citi Premier Card – Cashback Offer ( based on 0 Creditcard.com.au user reviews )

0% rating based on 0 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 21.49% p.a.

Cash advance rate 22.24% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0.00% p.a. for 6 months

Balance transfer revert rate 22.24% p.a.

Balance transfer from personal loan Yes

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Citi

Credit limits

Minimum credit limit $15,000

Maximum credit limit $100,000

Fees & repayments

Annual fee $300 p.a.

Additional cardholder fee Up to 4 at no extra cost

Foreign transaction fee 3.4%

Minimum repayment 2% or $30 whichever is greater

Annual fee the first year $150

Cash advance fee Domestic 3.5% or $3.50 (whichever is greater) ; International $5

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Citibank Rewards Program Citibank Rewards Program

Bonus points N/A

Annual points cap 200,000

Bonus points spend criteria N/A

Earning points with this card

Citi Rewards points 1 point per $1 spent

Points cap per month Capped at $200,00 per 12 month period on online, international, and domestic spend

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance Yes

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Overview

Citi Premier Card – Cashback Offer

Get $600 cashback when you spend $4,000 on eligible purchases using Apple eligible transactions. Earn up to 2 Citi reward points per $1 spent on eligible transactions. Complimentary insurance covers, lounge passes and other exclusive Citi perks.

Key features

  • $600 cashback when you spend $4,000 on eligible purchases using Apple Pay within 90 days from approval.
  • Earn Citi reward Points on eligible online, international and domestic spend.
  • Discounted annual fee of $150 in the first year and each subsequent year if you spend $48,000 on eligible purchases or cash advances in the previous year.
  • 0% p.a. interest on balance transfers for 6 months. No balance transfers fee. Reverts to cash advance rate.
  • Cashback and discounts with participating retail and service provider partners.
  • Up to 55 days interest free on purchases if you pay off the balance in full by the due date.
  • Up to four (4) additional cardholders at no extra cost.
  • Complimentary lounge passes.
  • Range of complimentary insurance covers.

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • You must be an Australian resident

  • Minimum income of $75000 p.a.

  • You have your personal details ready to complete the online application

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

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