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Smart Money

Complete Guide to the Citi Rewards Program

Last updated

The Citi Rewards card gives you the opportunity to earn points in the Citi Rewards program. Flexible in terms of its redemption options, it offers rewards in the form of gift cards and travel bookings, alongside the ability to shop with points at Kogan, pay down eligible purchases on the card, or transfer to rewards partners.

Editor’s note: All rates, fees and offers correct at the time of publication as of 5th October 2021

  💳   Earning points in the Citi Rewards program

  • Image of the Citi Rewards credit cardOn 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
Pauline

Pauline Hatch

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.

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6 comments (showing the latest 10 Q&As)

Alex

Alex

26 July 2022
I also wish to redeem my Citi rewards points to Woolworths evouchers. I have however found many sites which provide contradictory information. Some say evoucher expires in 3 years and also can only be used in one transaction. Eg. if you only spend $20 on a $100 voucher the other $80 is forfeit. Can you clarify the Citibank criteria and evoucher use, please
    Pauline - CreditCard.com.au

    Pauline

    1 August 2022
    Hi Alex, you’re right, the info online is a whirlwind of contradiction between eVouchers, Gift Cards and eGift Cards. This got me so curious that I called Woollies. Final result: customer service said eVouchers are promotional only. Therefore, the gift cards you can redeem for Citi Rewards would have to be eGift Cards (despite the Citi Rewards site stating they’re eVouchers – I suspect they have the terminology wrong🤦) that are sent to your email, have no expiry date and can be used for multiple transactions instore and online. It wouldn’t hurt to call Citi Rewards for another dollop of confidence before you redeem your hard-earned points. Thanks Alex - I enjoyed going down that rabbit hole!
Mary

Mary

13 July 2022
Redeem points to Woolworths evoucher, can I use the voucher for multiple transactions? any expert date on the evoucher?
    Pauline - CreditCard.com.au

    Pauline

    15 July 2022
    Hi Mary, each Woolworths eVoucher acts like a “prepaid card”. So if you have a $100 Woolies evoucher, and do a $20 grocery shop, you’ll be left with $80 to spend next time. The cards have no expiry date so you can spend your voucher whenever you’re ready. Hope this helps!
lalit

lalit

3 June 2022
Can I transfer CITI points to qantas points as I am a member of frequent flyer
    Pauline - CreditCard.com.au

    Pauline

    3 June 2022
    Hi Lalit, unfortunately you can’t transfer Citi rewards to Qantas. You can transfer to Emirates Skywards, Velocity Frequent Flyer and Singapore Airlines Krisflyer. Citi have a dedicated Qantas credit card that you can read our review of.

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