💳   Earning points in the Citi Rewards program

• On the Citi Rewards Card, you will earn:
  • 1 Citi reward Point per $1 on international spending, uncapped
  • 1 Citi reward Point per $1 on domestic spending, capped at $10,000 per statement period
  • 2 Citi reward Points per $1 on Linked Diners Club Card spending, uncapped

  There is a $99 annual fee in the first year, which reverts to $149. You will also receive $400 cashback when you spend at least $2,000 on eligible purchases using your new card through Apple Pay within 90 days from approval. Extras include travel and purchase covers as well as a personal concierge.

  🛒   Redeeming your points

Redeeming points on the Citi Rewards program, you can:

• Use points to pay down purchases, where 2,500 points equal $10.
• Buy gift cards, where 10,500 points equal $50 gift card value.
• Shop with Points at Kogan (value not provided).
• Book flights, hotels, car hire and activities via the Citi Travel Portal. Points plus pay available.
• Transfer your points to partner loyalty programs, which include:
  • Emirates Skywards 3:1 (where 3,000 Citi reward Points equal 1,000 Skywards Miles)
  • Singapore Airlines KrisFlyer 3:1
  • Velocity 2.5:1
  • Flybuys 1.33:1

  💰   Value for your Citi points 

Let’s check out the value on offer here.

Citi Rewards Card (1 point per $1, capped at $10,000 per statement on domestic spending, $99 annual fee in the first year, then $149, insurances, concierge, bonus points).

• • On a monthly spend of $5,000 domestic, you would earn 5,000 points each month, or 60,000 points per year, equal to $240 in cashback value, or $285 in gift card value.

• On a monthly spend of $10,000 domestic, you would earn 10,000 points each month, or 120,000 points per year, equal to $480 in cashback value, or $570 in gift card value.

  ⚖️   The verdict on the Citi Rewards program

While a bigger spend is required to see value from this program, you could increase your potential earn by making use of your linked Diners Card. The rewards on offer are pretty flexible, with some handy partners on board with the Citi Rewards program. What is likely to sell this card, however, is its bonus offer and its extras.

Photo source: Getty Images