- Get up to 90,000 bonus Velocity Points. 60,000 when you spend $5,000 on eligible purchases within 90 days from approval. Plus 30,000 bonus Velocity Points when you keep your card open for over 12 months. This offer ends 28 August 2025.
- 0% balance transfer offer for 6 months with no balance transfer fee. Reverts to Cash Advance rate.
- Earn 1 point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period)
- Convert 2.5 Citi reward Points to 1 Velocity Point
- Up to 44 days interest-free on retail purchases
- Receive monthly cashback on purchases from your favourite stores with My Cashback offers
- Enjoy 15% discount (up to $250) Limited Time Lux Exclusive hotel offers when you use Promo Code: MYLUXPROMO and 10% off international tours (up to $250) with Promo Code: MYLUXTOURS10. Offer available until 1 March 2026.
- 5% Off International Flights with Trip.com: Save 5% on international flights from Australia with no blackout dates. Enter discount code AUSFLY5 at checkout. Book by 31 Dec 2025, travel by 30 Sep 2026.
- Get 10% off selected hotels on Expedia or Wotif. Enter code EXP10TRVL for Expedia or WOT10TRVL for Wotif at checkout. Book by 31 January 2026 and complete your stay by 30 June 2026.
- Complimentary insurance covers
- Compatible with Apple Pay, Google Pay & Samsung Pay
- Offers more points potential on bills through Citi PayAll
- Break up purchases into smaller repayments with instalment plans
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Citi Credit Cards
Citi Rewards Credit Card – Velocity Points Offer
Updated 8 July 2025
Receive up to 90,000 bonus Velocity Points. 60,000 Velocity Points for a Citi Rewards Credit Card when you apply and approved by 28 August 2025, and spend $5,000 on eligible purchases within 90 days from approval. Plus 30,000 bonus Velocity Points when you keep your card open for over 12 months.
Terms and conditions apply.
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
- High purchase rate of 22.49% p.a.
- Additional card holder fee of $90
- Points cap on eligible Domestic Spend – up to $10,000 per statement period
- No interest-free days on purchases when you have a balance transfer
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
Apply and get approved for the Citi Rewards Credit Card and you could take advantage of this awesome two-part introductory offer - receive 90,000 bonus Velocity Points plus a 0% p.a. on balance transfers for 6 months with no balance transfer fee. Ongoing, you will also earn rewards through the flexible Citi Rewards Program while accessing the card’s wide range of perks.
❗ We've gotten a lot of questions about the points with this card! The bonus offer is paid in Velocity points, but the points you earn on your spending every day are Citi reward points. You can transfer Citi points to Velocity points manually or set up an 'autosweep' feature to do it automatically. 2.5 Citi reward Points = 1 Velocity Point for Citi Rewards cards.
What we love...
Time to get into that offer.
As a new cardholder, you can get your hands on up to 90,000 bonus Velocity Points –60,000 when you spend $5,000 on eligible purchases within 90 days of card approval. Plus 30,000 bonus Velocity Points when you keep your card open for over 12 months.
As an example, you could fly Economy from Melbourne to Sydney for 15,200 points. There are, of course, many other redemption options, with varying values on offer. It’s up to you to choose how to redeem your points in order to get the best value for you.
Point calculations are accurate as of 6 November 2024 but may be subject to change without notice. All routes may have additional taxes and charges. Check the official Citi page for the updated calculations.
Citi Rewards Card also offers 0% p.a. on balance transfers for 6 months with no balance transfer fee. This allows you to transfer up to 80% of your approved credit limit, allowing you some breathing room when it comes to credit card spending and interest. Keep in mind that as with any balance transfer offer, there are no interest-free days on purchases until the balance transfer has been paid off.
* Note: as of 16 October 2023, the Linked Diners Club card is no longer available with Citi.
What’s not so great...
Before you apply, think about what you will pay out on the card to take advantage of its offer – and its various features. Make sure you can afford to spend $5,000 on the card within the first three months, to then pay back your spending before it attracts interest. Also, think about whether the standard annual fee offers value for your spending ongoing.
If you tend to carry a balance, you may find this card – or really, any rewards card – isn’t for you. With its significant purchase rate and cash advance rate, carrying a balance on this card will mean you pay out more in interest, reducing the value of any rewards or features on offer.
Why should you choose this card?
If you’re looking for a rewards card that earns points on a flexible rewards program, the Citi Rewards Credit Card may just be for you.
- 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
- Citi rewards Points can be transferred to Velocity at a rate of 2.5 points to 1 Velocity Point
And options to redeem the points you earn?
- Pay with Points: Use your points to cover eligible purchases. All you need to do is choose which purchases you want to cover with points, and you will receive a credit back.
- Shop with Points: You can use your points to pay when shopping at Kogan and Apple.
- Travel: Access the Citi Travel Portal to use your points to book flights, hotels, car hire, activities or even create your own itinerary.
- Transfer: Choose to transfer your Citi reward Points to partner programs, including Velocity Frequent Flyer, Emirates Skywards, Singapore Airlines KrisFlyer, Flybuys and more.
Let’s take a quick look at the various extras on offer.
- Compatibility with Apple Pay, Google Pay and Samsung Pay
- 24/7 support offering round-the-clock customer service and fraud protection
- Complimentary insurance covers including International Travel Insurance up to 6 months, Transit Accident Insurance, Purchase Cover Insurance, Extended Warranty Insurance and Guaranteed Pricing Scheme
- Personal concierge service available 24/7
- You can take advantage of the Citi PayAll feature which lets you schedule recurring payments for your rent, education fees, childcare, taxes, bills, and more. Effective 1 November 2023, the Citi PayAll fee changed to 0.95% of the amount being paid.
Overall Rating
The Citi Rewards Credit Card is a seriously rewarding rewards card, offering access not just to the Citi Rewards Program, but to a number of excellent extras, including overseas travel insurance. On top of all that, you can benefit up to 90,000 bonus Velocity Points if you meet the minimum spend within 3 months from card approval and when you keep your card open for over 12 months.
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 90,000 bonus Velocity Points, this card offers great earning potential with 1 point for each dollar on eligible domestic spend (up to $10,000 per statement period) and eligible international spend (uncapped). Points can be redeemed for a wide range of items, including merchandise, travel, and entertainment. If Velocity Points are all that you’re after, you can opt to transfer 2.5 Citi reward Points for 1 Velocity Point. When choosing the Citi Rewards card, you will also benefit from complimentary insurance covers and up to 44 days interest-free on purchases.
Key features
- Get up to 90,000 bonus Velocity Points. 60,000 when you spend $5,000 on eligible purchases within 90 days from approval. Plus 30,000 bonus Velocity Points when you keep your card open for over 12 months. This offer ends 28 August 2025.
- 0% balance transfer offer for 6 months with no balance transfer fee. Reverts to Cash Advance rate.
- Balance transfer personal loan as well as credit cards and/or store cards
- Earn 1 point per $1 spend on eligible Domestic Spend (up to $10,000 per statement period)
- Enjoy monthly cashback offers from your favourite stores with My Cashback
- Receive monthly cashback on purchases from your favourite stores with My Cashback offers
- Enjoy 15% discount (up to $250) Limited Time Lux Exclusive hotel offers when you use Promo Code: MYLUXPROMO and 10% off international tours (up to $250) with Promo Code: MYLUXTOURS10. Offer available until 1 March 2026.
- 5% Off International Flights with Trip.com: Save 5% on international flights from Australia with no blackout dates. Enter discount code AUSFLY5 at checkout. Book by 31 Dec 2025, travel by 30 Sep 2026.
- Get 10% off selected hotels on Expedia or Wotif. Enter code EXP10TRVL for Expedia or WOT10TRVL for Wotif at checkout. Book by 31 January 2026 and complete your stay by 30 June 2026.
- Complimentary International Travel Insurance, Transit Accident Insurance, Purchase Cover Insurance, Extended Warranty Insurance and Guaranteed Pricing Scheme
- Citi Instalment Plans
- Compatible with Apple Pay, Google Pay & Samsung Pay
- Transfer Citi reward Points to Airline and Other Loyalty Programs
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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