- Up to 90,000 Velocity Points (60k after $5k/3 months + 30k after 12 months; ends 23 Oct 2025)
- Simple earn: 1 point/$1 internationally (uncapped) & domestically (capped at $10,000/statement)
- 2.5 : 1 transfer rate from Citi reward Points to Velocity
- Mobile Phone Insurance + Purchase Cover & Extended Warranty
- Perks: Luxury Escapes, Expedia/Wotif 10% off, BINGE $10 cashback
- Up to 44 days interest-free on retail purchases when you pay in full
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Citi Credit Cards
Citi Rewards Credit Card – Velocity Points Offer
Updated 16 September 2025
Receive up to 90,000 bonus Velocity Frequent Flyer Points via Points Autosweep: earn 60,000 Velocity Points after you spend $5,000 on eligible purchases in the first 3 months from approval, then another 30,000 Velocity Points when you keep your card open for over 12 months. Offer ends 23 October 2025.
Day-to-day, earn 1 Citi reward Point per $1 on eligible international transactions (uncapped) and on eligible domestic transactions ($10,000 cap per statement period). Convert to Velocity at 2.5 : 1 or let Autosweep transfer points automatically each month. T&Cs apply. Provide your Velocity number and enrol in Points Autosweep to receive the bonus in Velocity Points.
Points Earn Rate (per $1 spent)
1 point
Capped at $10,000 (domestic spend)
Rewards Program
Citi Rewards Program
Bonus Points
90,000 pts
60,000 when you spend $5,000 in the first 90 days + Plus 30,000 bonus Velocity Points when you keep your card open for over 12 months.
Pros and cons
- Purchase rate 22.49% p.a.; cash advance rate 22.99% p.a.
- Annual fee $199; additional cardholder fee $90 per card
- Domestic earn capped at $10,000 per statement period
Creditcard.com.au review
Editor Review
Citi Rewards Credit Card – Velocity Points Offer
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
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The Citi Rewards Credit Card Review — Velocity Points Offer
Collect up to 90,000 bonus Velocity Points via Points Autosweep — 60,000 after you spend $5,000 on eligible purchases in the first 3 months from approval, plus 30,000 when you keep the card open for over 12 months. Offer ends 23 October 2025. T&Cs apply.
What we love…
- Big bonus, clear path: 60k after $5k/3 months + 30k after 12 months, credited to Velocity with Points Autosweep.
- Simple everyday earn: 1 Citi reward Point per $1 on eligible international spend (uncapped) and 1 point per $1 on eligible domestic spend (capped at $10,000 per statement period).
- Velocity your way: convert manually at 2.5 Citi reward Points = 1 Velocity Point or set-and-forget with Autosweep.
- Useful protections: Mobile Phone Insurance, plus Purchase Cover and Extended Warranty on eligible purchases.
- Handy partner offers: up to 15% off Luxury Escapes & 10% off tours (book by 1 Mar 2026), 10% off selected hotels with Expedia/Wotif (book by 31 Jan 2026, stay by 30 Jun 2026), and $10 BINGE cashback per month until 31 Oct 2025. Works with Apple Pay, Google Pay & Samsung Pay. T&Cs apply.
What’s not so great
- Domestic cap: the 1 pt/$1 rate only applies up to $10,000 eligible domestic spend per statement period.
- Autosweep setup: you must provide a valid Velocity number and enrol in Points Autosweep to receive the bonus in Velocity Points.
- Interest can erase value: best value when you pay the statement in full to keep interest at $0 and preserve up to 44 days interest-free on retail purchases.
Why should you choose this card?
Pick this if you want a straightforward earn into Velocity without a premium-tier annual fee — and your spend pattern fits the rules.
- You can comfortably hit $5,000 in eligible spend within 3 months and keep the card beyond 12 months to capture the full 90k bonus.
- You spend online/overseas (uncapped earn) and can keep domestic spend within the $10k per statement cap.
- You’ll use the built-in protections (especially Mobile Phone Insurance) and plan to leverage the hotel/streaming deals before their end dates.
- You value flexibility: Pay with Points, Shop with Points (Apple, Kogan) or convert to Velocity at 2.5:1 — with Autosweep for convenience.
How the points earning works
- International spend: 1 Citi reward Point per $1 (uncapped).
- Domestic spend: 1 Citi reward Point per $1 (capped at $10,000 per statement period).
- Convert to Velocity: manual 2.5 Citi Points = 1 Velocity Point or automatic monthly conversion via Points Autosweep.
- Redemptions: Pay with Points (statement credit) and Shop with Points (Apple, Kogan) also available.
Dates & reminders
- Velocity bonus offer ends: 23 October 2025.
- Luxury Escapes: up to 15% off hotels & 10% off tours — book by 1 March 2026.
- Expedia/Wotif: 10% off selected hotels — book by 31 January 2026, stay by 30 June 2026.
- BINGE cashback: $10/month until 31 October 2025 (Standard or Premium plans).
Overall Rating
A clean 1:1 earn structure (with a domestic cap), a clear path to 90,000 Velocity Points, and genuinely useful inclusions like Mobile Phone Insurance make this a strong everyday rewards pick. Switch on Points Autosweep, meet the $5k/3-month target, keep the account open past 12 months, and maximise value by paying in full each month — all before the 23 October 2025 cutoff.
User reviews
Rates and fees
Interest rates
Purchase rate 22.49% p.a.
Cash advance rate 22.99% p.a.
Interest free period on purchases up to 44 days
Balance transfer
Balance transfer rate 0% p.a. for 6 months
Balance transfer revert rate 22.99% p.a.
Balance transfer from personal loan Yes
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Citi
Credit limits
Minimum credit limit $2,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $199 p.a.
Additional cardholder fee Up to 4 - $90 p.a.
Foreign transaction fee 3.4%
Minimum repayment 2% or $30 whichever is greater
Cash advance fee 3.5% or $3.50, whichever is greater (Domestic); $5 (International)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Citi Rewards Program
Bonus points 90,000 points
Annual points cap uncapped
Bonus points spend criteria 60,000 when you spend $5,000 in the first 90 days + Plus 30,000 bonus Velocity Points when you keep your card open for over 12 months.
Earning points with this card
Citi Rewards points 1 point per $1 spent
Points cap per month Capped at $10,000 (domestic spend)
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 3 months
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance Yes
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Travel insurance underwritten by Allianz Global Assistance
Overview
Citi Rewards Credit Card – Velocity Points Offer
In addition to up to 90,000 bonus Velocity Points, this card earns 1 Citi reward Point per $1 on eligible International Spend (uncapped) and 1 Citi reward Point per $1 on eligible Domestic Spend (capped at $10,000 per statement period). Redeem via Pay with Points, Shop with Points (Apple, Kogan) or convert to Velocity at 2.5 Citi reward Points : 1 Velocity Point. Perks include Complimentary Mobile Phone Insurance plus Purchase Cover and Extended Warranty, and up to 44 days interest-free on retail purchases when you pay your full statement balance by the due date.
Key features
- Up to 90,000 bonus Velocity Points via Points Autosweep: 60,000 after $5,000 eligible spend in 3 months + 30,000 after 12 months (ends 23 Oct 2025)
- Earn 1 Citi reward Point per $1 on eligible International Spend (uncapped)
- Earn 1 Citi reward Point per $1 on eligible Domestic Spend (capped at $10,000 per statement period)
- Convert at 2.5 Citi reward Points = 1 Velocity Point
- Luxury Escapes: up to 15% off LUX Exclusive hotel offers (to $250/booking) & 10% off international tours (to $250) — book by 1 Mar 2026
- 10% off hotels with Expedia or Wotif — book by 31 Jan 2026, stay by 30 Jun 2026
- $10 cashback with BINGE each month on Standard/Premium plans until 31 Oct 2025
- Complimentary Mobile Phone Insurance plus Purchase Cover & Extended Warranty
- Pay with Points & Shop with Points (Apple, Kogan)
- Compatible with Apple Pay, Google Pay & Samsung Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian resident
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 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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