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Citi Rewards Platinum Credit Card – Bonus Points Offer
Citi Rewards Platinum Credit Card – Bonus Points Offer

Citi Credit Cards

Citi Rewards Platinum Credit Card – Bonus Points Offer

Updated 30 September 2019

Apply by 31 January 2020

Points Earn Rate (per $1 spent)

1

point

Citi

Rewards Program

Citi Rewards

Bonus Points

120,000* pts

80,000 pts after $3,000 spend in the first 90 days + 40,000 pts after payment of second year annual fee

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Up to 120,000 bonus points - receive 80,000 bonus points when you spend $3,000 in the first 90 days from account approval and get another 40,000 bonus points on payment of second year annual fee
  • 1 Point per $1 for eligible international spend (uncapped)
  • Lots of complimentary insurance covers
  • Free bottle of wine when dining at Citibank's dining partner restaurants. T&Cs apply.
  • Reduced annual fee in first year of $49 and an ongoing annual fee of $149 p.a.
  • 0% p.a. for 15 months on balance transfers (1% BT fee applies). Reverts to Cash Advance rate. Please note, no interest free days apply to retail purchases while you have a balance transfer
  • Balance transfer personal loan as well as credit cards and/or store cards
  • High credit limit of up to $100,000

  • High purchase rate of 21.49% p.a.
  • Additional card holder fee of $90
  • Points cap on eligible Domestic Spend - 1 Point per $1 for eligible domestic spend (up to $10,000 per statement period)

Creditcard.com.au review

Editor Review

Citi Rewards Platinum Credit Card – Bonus Points Offer

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Big Review: Citi Rewards Platinum Credit Card

Offering a huge incentive of up to 120,000 bonus Points, the Citi Rewards Platinum Credit Card is certainly a card worth exploring. As well as allowing cardholders to earn 1 Point per $1 spent, the card provides a number of enticing extras, including complimentary insurances, access to Citi World Privileges, Visa Front Line and the Citibank Dining Program, and the services of a personal concierge. Sign up today and you can also benefit from 0% p.a. on balance transfers for 15 months (1% BT fee applies), and a reduced annual fee of only $49 for the first year.

  • Collect up to 120,000 bonus Points
  • Receive an extra 10,000 bonus Points with a Linked Diners Club Card
  • Earn 1 Point per $1 on eligible spending
  • Earn Points faster with a Linked Diners Club Card
  • Flexible Citi Rewards program
  • Reduced $49 annual fee in the first year
  • Complimentary international travel insurance
  • 0% p.a. on balance transfers for 15 months (1% BT fee applies). Reverts to Cash Advance rate. No interest free days apply to retail purchases while you have a balance transfer
  • Personal concierge service available 24/7
  • Access to exclusive travel offers through Citi World Privileges
  • Access to exclusive entertainment offers through Visa Front Line
  • Enjoy a free bottle of wine when dining at Citibank's dining partner restaurants. T&Cs apply
  • Up to 55 days interest free on purchases
  • Annual fee: $49 for the first year. Reverts to a discounted annual fee of $149 in subsequent years.
  • Up to four additional cardholders, each with an annual fee of $90 (no discount available for additional cardholders).
  • Retail purchase rate: 21.49% p.a. (variable)
  • Cash advance rate: 22.24% p.a. (variable)
  • Your total balance transfers may not exceed 80% of your credit limit. A 1% balance transfer fee applies. Unpaid balance transfers revert to the card’s cash advance rate after 15 months.

This Card: The Lowdown

A worthy option for cardholders looking to earn rewards on the Citi Rewards program, the Citi Rewards Platinum Credit Card offers some appealing features, such as access to Citi’s World Privileges and Dining Program, a host of complimentary insurance covers and a personal concierge.

While the features offered may be pretty standard for platinum cards, what could set the Citi Rewards Platinum Credit Card apart for you may be its introductory offers. If you sign up today, you could be eligible for 0% p.a. on balance transfers for 15 months (1% BT fee applies), a low $49 annual fee for the first year, and a whopping 120,000 bonus rewards Points.

Digging Deeper

With the basics covered, it’s time to dig a little deeper into what’s on offer with the Citi Rewards Platinum Credit Card, so you can decide whether this card is right for you.

This Card: As a Rewards Card

With the word ‘Rewards’ in its name, you would certainly expect the Citi Rewards Platinum Credit Card to be rewarding. How rewarding is it? Let’s take a closer look.

Bonus Points

Headlining this card is its 120,000 bonus Points offer. To receive 120,000 bonus Points on the Citi Rewards Platinum Credit Card, you'll need you spend $3,000 in the first 90 days from account approval to get 80,000 bonus points and the you get another 40,000 bonus points on payment of second year annual fee.

It does take six to eight weeks after meeting the minimum spend to be credited with the bonus Points and it is nice to know that Points do not expire as long as the card remains open and in good standing.

To be eligible for the offer, you must apply and be approved. As for what counts as ‘eligible purchases’ to meet the minimum spend, these include most card spending apart from cash advances, balance transfers, refunds, chargebacks and special promotions.

Everyday Earning

As an everyday rewards card, the Citi Rewards Platinum Credit Card offers the following earn rate:

  • 1 Point per $1 for eligible domestic spend (up to $10,000 per statement period)
  • 1 Point per $1 for eligible international spend (uncapped)
  • 2 Points per $1 on all eligible transactions on a Linked Diners Club Card

To determine whether a purchase falls under the category of ‘domestic’ or ‘international’, Citi uses the information provided by the merchant. So if the merchant tells Citi it is located in Australia, that purchase will fall under the ‘domestic’ category, and if the merchant says it is located outside Australia, the purchase will be labelled ‘international’.

How does this affect you as a cardholder? While all eligible spending on the Citi Rewards Platinum Credit Card accrues points at a rate of 1 Point per $1, Points on domestic spending are capped at $10,000 per statement period. Meanwhile, international spending may not be capped, but it does come with a fairly hefty 3.4% foreign currency conversion fee.

As with the card’s bonus points, earned points do not expire, as long as the card remains open and in good standing. However, it’s worth noting that you will not earn Points on government related transactions, which means no points for transactions at Australia Post, the ATO, council rates, motor registries, tolls, parking stations and meters, and fares on public transport.

Linked Diners Club Card

If you apply and are approved for a Linked Diners Club Card, you may be able to collect an extra 10,000 bonus Points, while also enjoying the opportunity to earn points faster day-to-day.

To earn the Points bonus, simply spend on the Diners Club Card within 90 days of approval. To boost your spending power, use the card to earn 2 Points per $1 spent on all eligible transactions, uncapped.

Charging no additional fees for the use of this card, your Linked Diners Club Card also offers no international transaction fees when spending overseas, with Points earned automatically added to your Citi Rewards balance. You will have one PIN for both the Visa and the Linked Diners Club Card, as well as one monthly payment, and the same online banking log-in details.

Linked Diners Club Cards are accepted at Coles, Woolworths, Bunnings and many more retailers at home and overseas.

Redeeming Points

Accruing Points on the Citi Rewards program, the Citi Rewards Platinum Credit Card – and its Linked Diners Club Card – offers a range of flexible redemption options. You may choose to redeem Points for merchandise, such as electronics, homewares, sporting goods and jewellery, or you could opt for gift cards from big names, including Myer, David Jones, JB Hi-Fi and Bunnings.

Pay with Points provides an alternative way to use your Points. With this option, you can choose to use your Points to cover selected purchases, no matter how big or small. Whether it’s a meal out with friends or that much-coveted pair of shoes, you can use your Points to pay for it, to then receive a statement credit. As a Platinum cardholder, 2,500 Points equals $10.

Points can also be redeemed on a range of travel options, covering flights, accommodation, car hire and more, simply by transferring your Points to airline miles at a participating partner. Currently, the card’s airline partners include Emirates Skywards, Singapore Airlines KrisFlyer and Virgin Australia Velocity.

Citi Rewards Points offer a transfer rate of:

  • With Velocity, 2.5 Citi Rewards Points = 1 Velocity Point
  • With Emirates Skywards, 3 Citi Rewards Points = 1 frequent flyer mile
  • With Singapore Airlines KrisFlyer, 3 Citi Rewards Points = 1 frequent flyer mile

That means as a frequent flyer card, the Citi Rewards Platinum Credit Card has an earn rate equal to 0.4 Velocity points per $1 spent, or 0.33 frequent flyer miles per $1 for Skywards and KrisFlyer.

Bearing in mind the monthly cap on domestic spending, you could earn up to 4,000 Velocity Points or 3,333 Skywards and KrisFlyer miles per statement period. As for international spending, the 3.4% foreign currency conversion fee somewhat negates any Points earned.

This Card: Extras on Offer

If you’re looking for platinum extras, the Citi Rewards Platinum Credit Card has a tempting selection to choose from. While it may not offer of the high-end extras that many of the more expensive platinum cards feature, there are some appealing options on offer.

Insurance Covers

As a cardholder, you can enjoy a wide range of complimentary insurance covers for you and your family.

  • With International Travel Insurance, you and your family may be covered for medical expenses, trip cancellation due to unexpected circumstances, loss or theft of personal items and more, as long as you purchase your overseas travel tickets with your card.
  • With Transit Accident Insurance, you and your family may receive up to $500,000 should you sustain a fatal injury as a passenger while travelling as long as you purchase your overseas travel tickets with your card.
  • With Purchase Cover Insurance, you can make a claim on items purchased on the card if they are lost, stolen or damaged anywhere in the world within 90 days of purchase.
  • With Extended Warranty Insurance, you can benefit from an extended warranty on new purchases, up to an extra 12 months when you purchase items with card.
  • With Guaranteed Pricing Scheme, you can receive a refund of the price difference when you purchase an item on your card in-store, and then see the same product advertised at a lower price within a 25km radius. This applies to bricks and mortar purchases only, where the price difference is greater than $75, up to $500.

Balance Transfer Offer

Allowing you to get on top of credit card debt while saving on interest, the Citi Rewards Platinum Credit Card offers 0% p.a. on balance transfers for 15 months.

Take note, with this offer, you can only transfer up to 80% of your approved credit limit, and any unpaid balance transfers revert to card’s cash advance rate at the end of the intro period. In addition, there are no interest free days on purchases while you have a balance transfer. A 1% balance transfer fee applies.

Annual Fee Offer

One of the great things about the Citi Rewards Platinum Credit Card is its reduced annual fee. Your annual fee will be just $49 for the first year. In subsequent years, you will pay a reduced annual fee of $149 (usually $249). You may also choose to add up to four additional cardholders to your account, each with an annual fee of $90.

Citibank Dining Program

As a cardholder, the Citibank Dining Program lets you enjoy a free bottle of wine every time you dine and use your card to pay at hundreds of partner restaurants across Australia. The program also offers access to exclusive benefits at some of the biggest foodie events of the year, including Good Food Month and Good Food & Wine Show. T&Cs apply.

Citi World Privileges

Providing you with an enticing selection of rewards, Citi World Privileges offers exclusive benefits to cardholders both at home and overseas. These range from upgraded hotel rooms and car rental options, to online shopping discounts and money off your restaurant bill, helping you experience more while spending less.

Visa Front Line

With the Citi Rewards Platinum Credit Card in your wallet, you will also have access to a variety of exclusive entertainment benefits through Visa Front Line. After registering, you can reserve and purchase tickets before anyone else, enjoying access to some of the hottest tickets in town before they’re released to the general public.

Personal Concierge

As you would expect from a platinum card, the Citi Rewards Platinum Credit Card offers cardholders the services of a personal concierge. Available 24/7, this service can act as your personal assistant, helping out with anything from travel reservations to restaurant recommendations.

This Card: The Essentials

As we’ve already discussed the annual fee, we’ll jump straight into the matter of interest. With a relatively high purchase rate and cash advance rate, the Citi Rewards Platinum Credit Card is not a card you want to having a rolling balance on. To make the most of the features on offer, you would need to clear the balance each month and avoid cash advances.

As for the balance transfer offer, some cardholders may be disappointed in the fact that they can only transfer up to 80% of their credit limit. With unpaid balances reverting to the cash advance rate, cardholders would want to pull out all the stops to pay off their balance transfer before the intro period ends. A 1% BT fee applies.

Decision Time

With plenty to offer, the Citi Rewards Platinum Credit Card provides cardholders the opportunity to get up to 120,000 bonus Points (plus 10,000 more with a Linked Diners Club Card), with 0% p.a. on balance transfers for 15 months and a reduced annual fee of $49 for the first year. A decent earner on the Citi Rewards program, the card also offers a nice selection of extras, perhaps working best for cardholders who are not overly focused on travel benefits.

User reviews

Citi Rewards Platinum Credit Card – Bonus Points Offer ( based on 1 Creditcard.com.au user review )

73% rating based on 1 review

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% p.a. for 15 months

Balance transfer revert rate 22.24% p.a.

Balance transfer from personal loan Yes

Balance transfer fee 1%% one off

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Bank of Queensland, Citi, Coles, Emirates, IMB, Qantas Money, Suncorp, Virgin Money

Credit limits

Minimum credit limt $6,000

Maximum credit limit $100,000

Fees & repayments

Annual fee $149 p.a.

Additional card holder fee Up to 4 - $90 p.a. each

Foreign transaction fee 3.4%

Minimum repayment 2%

Annual fee the first year $49

Cash advance fee 3.5%

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Citi Rewards Citi Rewards

Bonus points 120,000* points

Annual points cap uncapped

Bonus points spend criteria 80,000 pts after $3,000 spend in the first 90 days + 40,000 pts after payment of second year annual fee

Earning points with this card

Citi Rewards points 1 point per $1 spent

Points cap per month Capped at $10,000

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Extras

Free wine with the Citibank Dining Program. T&Cs apply.

Linked Diners Club Card when you apply (optional)

Eligible with Apple Pay and Samsung Pay

Overview

Citi Rewards Platinum Credit Card – Bonus Points Offer

Receive up to 120,000 bonus points. 80,000 bonus points when you spend $3,000 in the first 90 days from account approval plus 40,000 bonus points on payment of second year annual fee. Add to this a massively reduced annual fee of $49 in the first year. This reverts to a discounted annual fee of $149 thereafter. The card comes with 0% p.a. on balance transfers for 15 months. 1% balance transfer fee applies. Reverts to cash advance rate.

You can also choose to request a Linked Diners Club Card when you apply to receive:
10,000 additional bonus Points on first spend within 90 days of approval
An uncapped earn rate of 2 Points per $1 spent on all Eligible Transactions
Points earned will be added to your Rewards Balance
No International Transaction Fee when spending overseas (on your Linked Diners Club Card only).

The card offers great earning potential with 1 points for each dollar spent on eligible Domestic Spend (up to $10,000 per statement period) and eligible International Spend (uncapped). Points can be redeemed on a wide range of items, including merchandise, travel, and entertainment. When choosing the Citi Platinum card, you will also benefit from complimentary insurances, up to 55 days interest free on purchases, and a free bottle of award-winning wine each time you dine at one of the restaurants included in Citi’s Dining Program. T&Cs apply.

Key features

  • Get 80,000 bonus points when you spend $3,000 in the first 90 days from account approval and 40,000 bonus points on payment of second year annual fee
  • A reduced annual fee of $49 in the first year ($149 thereafter)
  • 1 point per $1 spend on eligible International Spend (uncapped)
  • 1 point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period)
  • Pay with Points - Redeem them for eligible purchases you've already made on your credit card and receive a statement credit back on your account
  • Turn points into frequent flyer miles including Emirates Skyward Miles, Velocity Frequent Flyer and Singapore Airlines KrisFlyer
  • Redeem rewards in the Citi Rewards Store including gift cards, electronics, homewares and more
  • Complimentary International Travel Insurance, Transit Accident Insurance, Purchase Cover Insurance, Extended Warranty Insurance and Guaranteed Pricing Scheme
  • Free bottle of wine when dining at Citibank's dining partner restaurants. T&Cs apply.
  • 0% p.a. on balance transfers for 15 months - 1% BT fee applies. Reverts to Cash Advance rate. Please note, no interest free days apply to retail purchases while you have a balance transfer
  • Ability to transfer personal loans, credit card and store card balances
  • Maximum credit limit up to $100,000
  • Balance transfer up to 80% of your approved credit limit
  • Earn 10,000 bonus Points when you apply for a Linked Diners Club Card during the application process and make your first spend on the Linked Diners Club Card

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

  • Minimum income of $35,000 p.a.

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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

7 questions (showing the latest 10 Q&As)

Frank

Frank

4 October 2019
Hi Roland, Are the points on this card travel points (Qantas etc) or otherwise please?
Judi

Judi

7 August 2019
what is the statement period
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 August 2019
    Hi Judi, I believe statements are delivered monthly.
Alan

Alan

29 October 2018
Am I eligible for the bonus points if I already have a citibank signature card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 October 2018
    Hi Alan, it looks like you are still eligible based on the fine print. It does not mention that current Citi card holders are not eligible: To be eligible to receive up to 200,000 bonus Points, you must apply for a Citi Rewards Platinum Credit Card by 31 March 2019. You will receive 10,000 bonus Points when you spend a minimum of $1,000 during each monthly statement cycle. A maximum of 200,000 bonus Points can be earned over the first 20 monthly statement cycles. If you do not meet the minimum spend for one monthly statement cycle, you forfeit the bonus Points for that monthly statement cycle only, however you are still eligible for subsequent months 10,000 bonus Points if you meet the minimum spend within each monthly statement cycle during the promotional period. Cash Advances, Balance Transfers, Refunds, Chargebacks and Special Promotions do not contribute to the spend threshold. The bonus Points will be credited within 6 - 8 weeks of meeting the spend criteria for any given month. All rewards are subject to the Terms and Conditions of the Citibank Rewards Program. Points do not expire while the card remains open and in good standing.
martin curtis

martin curtis

20 September 2018
can you tell me which cards offer the most vists to internetional airline lounges
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 September 2018
    Hi Marin, the ANZ Black Frequent Flyer has unlimited international lounge access through Véloce World. The Citi Prestige has unlimited airport access to more than 850 airport lounges worldwide through Priority Pass. In the end if this is an important feature you can just get it separate to your credit card if you are happy with a lower annual fee.
jack

jack

14 September 2018
thanks for the previos answer is it one for one point when i exchange
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 September 2018
    Hi Jack, no it's not. Its more like 2 to 1 for Velocity and I think 2.5 for the others.
jack

jack

13 September 2018
how many qantas points is 200000 reward points
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 September 2018
    Hi Jack, you cannot convert Citi Points to Qantas points. You can transfer to Emirates Skyward Miles, Velocity Frequent Flyer and Singapore Airlines KrisFlyer.
George Potter

George Potter

28 August 2018
Is the an age limit range on the travel insurance, if so what is the maximum age

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