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Citi Rewards Card – Cashback Offer
Citi Rewards Card – Cashback Offer

Citi Credit Cards

Citi Rewards Card – Cashback Offer

Updated 6 July 2022

On June 1, 2022, NAB acquired the consumer banking business from Citi.

Receive $400 cashback when you apply for the Citi Rewards Card by 31 August 2022, then spend at least $2,000 on eligible purchases using your new card through Apple Pay within 90 days from approval. Don't miss out on this rare offer as this card also comes with 0% p.a. on balance transfers for 15 months with no balance transfer fee plus a discounted annual fee of $99 in the first year, $149 thereafter. Enjoy additional cashback on Deliveroo, complimentary mobile phone insurance, and earn uncapped Citi reward Points on your everyday spend. T&Cs apply.

Points Earn Rate (per $1 spent)

1 point

Capped at $10,000 for domestic spend per statement period, but no cap for eligible international spend

Rewards Program

Citi Rewards Program

Bonus Points

N/A

Pros and cons

  • Receive $400 cashback when you apply for the Citi Rewards Card by 31 August 2022, then spend at least $2,000 on eligible purchases using your new card through Apple Pay or another eligible digital wallet (Samsung Pay) within 90 days from approval
  • 0% p.a. on balance transfers for 15 months, no balance transfer fee applies. Reverts to cash advance rate
  • Reduced annual fee of $99 in the first year, $149 thereafter
  • Receive $10 cashback on one $25 or more worth of Deliveroo order. Offer available until 30 June 2022
  • Enjoy 10% off or up to $250 Limited Time Lux Exclusive hotel offers. Offer available until 1 March 2023
  • Earn 1 Citi reward Point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period) and a separate 1 point on international spend
  • Earn 1 Citi reward Point per $1 spend also on expenses including rent, taxes, education, property management fees, and childcare with Citi PayAll Spend
  • Up to 55 days interest-free on retail purchases
  • Complimentary mobile phone insurance
  • Complimentary retail and travel insurance covers

  • 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
  • Additional cardholder fee of $90

Creditcard.com.au review

Editor Review

Citi Rewards 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 Rewards Card - Cashback Offer Review

True to its name, Citi Rewards Card is currently helping its consumers put more money back in their pockets on their purchases while giving money saving offers. New cardholders will enjoy all the premium perks and benefits with a discounted annual fee of $99 in the first year. These full packed offers and benefits include $400 cashback on eligible purchases, 0% p.a. on balance transfers for 15 months, additional cashback on Deliveroo, complimentary mobile phone insurance, retail and travel insurance covers, and uncapped Citi reward Points earning.

What we love...

Citi is rewarding more its consumers by launching new attractive offers through its Citi Rewards Card. Save big and earn more benefits as we talk about each of the features of this card.

First up, the cashback. You will receive $400 cashback when you apply for the Citi Rewards Card by 31 August 2022, then spend at least $2,000 on eligible purchases using your new card through Apple Pay or another eligible digital wallet within 90 days from approval. Another eligible wallet is Samsung Pay. After meeting the minimum spend requirement, the $400 amount will be credited to your account within 16 weeks.

Next is the balance transfer offer. This is one of the money saving features of this card and targets to help you manage your balances by creating your desired repayment plans and clear off your debt faster. Citi Rewards Card offers 0% p.a. on balance transfers for 15 months with no balance transfer fee. Citi allows you to transfer up to 80% of your approved credit limit, giving you some grace time on card spending and interest. As with any balance transfer offer, there are no interest-free days on purchases until the balance transfer has been paid off.

Plus, you can enjoy all these benefits with a reduced annual fee for a year. Pay $99 only in the first year, $149 thereafter. Take advantage of this offer and save a lot of your interest costs.

In terms of additional rewards, Citi Rewards Card cardholders can also get cashback from Deliveroo - get a $25 or more worth of Deliveroo order and receive $10 back. This cashback offer is valid until 30 June 2022.

Other benefits on the list include earning uncapped Citi reward Points on eligible transactions, up to 55 days interest-free on retail purchases, complimentary mobile phone insurance, retail and travel insuranceinsurance covers, and security features.

What’s not so great...

Usually, great benefits come with great costs therefore cardholders should be cautious enough in getting into transactions using this card after the promotional period ends as the standard ongoing rates are quite expensive. Balance transfer offer rate reverts to the cash advance rate of 22.24% p.a. Additionally, purchase rate is also currently a heaping 21.49% p.a.

You may add up to four additional cardholders but it’s very costly at $90 each.

Why should you choose this card?

You don’t need to worry about getting rewards after the promotional period ends because Citi provides uncapped earning of Citi reward Points on your everyday purchases.

  • Earn 1 Citi rewards Point per $1 on all eligible transactions made overseas or online with a merchant that is based overseas
  • Earn 1 Citi rewards Point per $1 on all eligible transactions in Australia (up to $10,000 per statement period)
  • Earn 1 Citi rewards Point per $1 on all eligible transactions using Citi PayAll
  • Earn 2 Citi rewards Points per $1 on all eligible transactions made using the Linked Diners Club Card

Now, let’s talk about the many ways to use your points.

  • Pay with Points: Use your points to pay eligible purchases and receive a credit back.
  • Shop with Points: You can use your points to pay when shopping at Kogan.
  • Travel: Access the Citi Travel Portal to use your points to book flights, hotels, car hire, activities or even create your own itinerary.
  • Points Transfer: Choose to transfer your Citi reward Points to partner programs, including Velocity Frequent Flyer, Emirates Skywards, Singapore Airlines KrisFlyer, Flybuys and more.

Loaded with complimentary insurance which include the following:

  • Complimentary Mobile Phone Insurance. Monthly cover on eligible mobile phones for accidental damage or theft when you use your card to pay your monthly mobile plan bill.
  • Complimentary International Travel Insurance
  • Complimentary Purchase Cover Insurance and Extended Warranty Insurance

And the long list of extras continue:

  • 24/7 support offering round-the-clock customer service and fraud protection
  • Personal concierge service available 24/7
  • Access to Citi PayAll payments and Citi instalment plans
  • Compatible with Apple Pay and Samsung Pay, and the Citi Mobile® App for personal account access

Overall Rating

Citi Rewards Card comes in many different offer packages. It’s up to you to choose which one suits your needs. You can also check out other offers. If you are fond of getting money back from your spend while saving on your card costs, this one is right for you. Apply by 31 August 2022 and get started with a reduced annual fee in the first year while experiencing the $400 cashback, 0% p.a. for 15 months on balance transfers, and all of the premium benefits.

User reviews

Citi Rewards 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% p.a. for 15 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

Brands you can't balance transfer from Citi

Credit limits

Minimum credit limit $6,000

Maximum credit limit 100,000

Fees & repayments

Annual fee $149 p.a.

Additional cardholder fee up to 4 at $90 p.a.

Foreign transaction fee 3.4%

Minimum repayment 2% or $30 whichever is greater

Annual fee the first year $99

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 Citi Rewards Program Citi Rewards Program

Bonus points N/A

Annual points cap uncapped

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 $10,000 for domestic spend per statement period, but no cap for eligible international spend

Overseas earn rate 1 point per $1 spent

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance Yes

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Extras

Guaranteed Pricing Scheme

Overview

Citi Rewards Card – Cashback Offer

Key features

  • Receive $400 cashback when you apply for the Citi Rewards Card by 31 August 2022, then spend at least $2,000 on eligible purchases using your new card through Apple Pay or another eligible digital wallet (Samsung Pay) within 90 days from approval
  • 0% p.a. on balance transfers for 15 months, no balance transfer fee applies. Reverts to cash advance rate.
  • Reduced annual fee of $99 in the first year, $149 thereafter
  • Receive $10 cashback on one $25 or more worth of Deliveroo order. Offer available until 30 June 2022
  • Enjoy 10% off or up to $250 Limited Time Lux Exclusive hotel offers. Offer available until 1 March 2023
  • Up to 55 days interest-free on retail purchases
  • Earn 1 Citi reward Point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period) and a separate 1 point on international spend
  • Earn 1 Citi reward Point per $1 spend also on expenses including rent, taxes, education, property management fees, and childcare with Citi PayAll Spend
  • Complimentary mobile phone insurance
  • Complimentary Purchase Cover Insurance and Extended Warranty Insurance

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

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

Recently Asked Questions

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

Showing one question (showing the latest 10 Q&As)

Dale

Dale

3 May 2022
Can old Citi Credit Card customers (from a couple of years ago) apply for this card and meet the criteria for the rewards? Is there an eligible timeframe for returning customers? Thanks Dale
    Pauline - CreditCard.com.au

    Pauline

    5 May 2022
    Hi Dale, I checked Citi Rewards Cashback Offer credit card’s terms and it states that the offer is currently available to new customers only. You can click the green Go To Offer button at the top of this page for more information.
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