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Citibank Platinum Rewards Credit Card 100k Bonus Points $49 Annual Fee First Year

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Citibank Platinum Rewards Credit Card 100k Bonus Points $49 Annual Fee First Year
Go to Deal
jdogg on 23/10/2017 - 10:19 citibank.com.au (3613 clicks)
Last edited 05/02/2018 - 22:17 by 2 other users

Rewards points can be converted into into frequent flyer miles including Emirates Skyward Miles, Velocity Frequent Flyer and Singapore Airlines KrisFlyer. As well as to buy gift cards or items from the store. Receive 100,000 points when you spend $3,000 in 90 days from card approval.

100,000 points will get you:

40,000 Velocity Frequest Flyer points
33,000 Emirates Skyward Miles and KrisFlyer Miles
Prepaid Gift Cards worth nearly $500
A portion can also be used to cover the annual fee

https://www.citirewards.com/cms/sites/globalrewards-au-eng/i…

  • Discounted annual fee - $49 annual fee in the first year (reverts to a discounted $149 fee in subsequent years)
  • 0% p.a. for 15 months on balance transfers (1% balance transfer fee applies) - Cash advance rate applies after 15 months
  • Interest free days - Enjoy up to 55 days interest free on your purchases.
  • Free wine when you dine - Receive a complimentary bottle of wine on us every time you dine at hundreds of > partner restaurants.
  • Complimentary International Travel Insurance, Purchase Cover Insurance and Extended Warranty Insurance.
  • Exclusive access to the hottest tickets in town - With Visa Front Line Access, get your hands on some of the hottest tickets in town before they're released to the general public.
  • Point earn rate is 1 Point per dollar.

Min credit limit $6,000 Max credit limit $100,000
Minimum Income $35,000

Bonus rewards points also for the Prestige and Signature cards but they have a higher annual fee:
https://www.citibank.com.au/cards/search/rewards_suite.htm

Financial Credit Card Reward Points

Related Stores

Citibank Australia
Citibank Australia

closed Comments

  • j4ck on 23/10/2017 - 10:25
    +6

    $49 for 40,000 Velocity points is pretty good value! Nice find!

    • dlovep on 23/10/2017 - 10:33
      +2

      Got to spend 3k in order to get those…

      • j4ck on 23/10/2017 - 10:35
        +5

        Over 3 months though. I think that's easy to manage with bills, fuel, groceries and everything else.

        • soangry on 23/10/2017 - 10:40
          +1

          Those with amex platinum edge will lose about 3-4 krisflyer points per $1 spent. Will end up only getting about 20,000 krisflyer with this citibank card. But for $49 it's still a good deal

        • jdogg on 23/10/2017 - 10:56
          +1

          @ausvicee:
          You will still get 33,000k Krisflyer points when you convert the 100k Bonus points though: https://www.citirewards.com/tygr-web/partnerProgramsListing.htm?sourceCode=GRCB&cmp=nav&lid=sub-nav|travel|points-transfer

        • soangry on 23/10/2017 - 10:59

          @jdogg:
          Say if i spend all $3000 on citibank instead of amex platinum edge at the supermarket. I also lose the 12000 points (4 x $3000) on my amex card.

        • JohnHowardsEyebrows on 23/10/2017 - 11:50

          @ausvicee: You spend 1k a month at supermarkets? And you make no spend at anywhere that only accepts Visa/MC?

        • soangry on 23/10/2017 - 12:18
          +1

          @JohnHowardsEyebrows: anywhere that only accepts visa/mc I would use gift cards that I purchase from the supermarket

        • JohnHowardsEyebrows on 23/10/2017 - 12:20

          @ausvicee: You buy visa gift cards to get 3 ppd? Unless on special that's poor value there.

        • soangry on 23/10/2017 - 12:25

          @JohnHowardsEyebrows: gift cards not necessarily mean prepaid visa/mc. There are also coles/woolworths gift card without any fee and also the recent eftpos rebel promo. 4 pairs of new sneakers for under $25 from rebel, poor value?

        • JohnHowardsEyebrows on 23/10/2017 - 12:27

          @ausvicee: Well you're a frugal spender if you can find enough of those to pay for all of your Visa/MC spend. Most aren't. Even still, 24k Krisflyer/31k Velocity for $49 is great value.

        • koganei on 23/10/2017 - 13:35

          BPAY usually doesn't count towards the spend for these promotions. So take bills off your list.

        • j4ck on 23/10/2017 - 13:40
          +4

          @koganei:

          Not entirely true. You can use Post Billpay and pay via PayPal :)

        • jacross on 23/10/2017 - 14:33
          +2

          @ausvicee:

          Mmm probably worth considering whether you have enough 'non Amex' spending to cover it. Then you can extract the value without effecting your Platinum edge earn.

          You of course need to consider all your cards though.

        • Soluble on 23/10/2017 - 14:54

          @j4ck: so there's no additional fees for using a credit card through paypal?

          I always thought there was, man have I been missing out on points.

        • j4ck on 23/10/2017 - 15:20
          +1

          @Soluble:

          It depends on the bill you're paying! You'll have to check :)

        • Soluble on 23/10/2017 - 16:14

          @j4ck: ebay purchases?

        • j4ck on 23/10/2017 - 16:38

          @Soluble:

          I'd assume so. Just add the card into your PayPal wallet and remember to select it when you check out.

  • dufflover on 23/10/2017 - 10:36

    Is this the same card that was offered free for life a while back?

    (if so I wouldn't pay a fee for it, it's been watered down so much it's pretty crap for a rewards card imo)

    • EnALup on 23/10/2017 - 10:48

      Which one you use now for rewards?

      • dufflover on 23/10/2017 - 10:51

        Well unfortunately I'm back to this card for the moment (LOL go figure) as I recently finished up another year on an ANZ Black and I'm kinda waiting and seeing if another QF Bonus fee-free deal comes up from another bank.

        I suppose to be fair it's been watered down not too differently to other banks. First it's cutting eligible things like BPay, then they cut the earn rate, then cut some rewards stuff, etc.

        • Homr on 23/10/2017 - 12:46

          I'll be in the same boat as you soon. My ANZ Black Card is expiring in Jan 2018 and if I don't find another Credit Card that offers bonus sign up points, I will revert back to free for life CitiBank CC which I haven't used in 2 yrs lol. Not too concerned about the card being watered from over the years, after all, its free~~

        • tunzafun001 on 23/10/2017 - 16:35
          +2

          @HarveySpecter:
          Yep, I ve got the Citi Free for life 'Signature' card as well. Wonder if we are still eligible for this platinum card promo?

        • Yola on 24/10/2017 - 10:06

          @HarveySpecter:
          Apply for Westpac Altitude Black CC Reduced 1st Annual Fee $195, 80,000 QFF Points + Additional 20,000 Bonus on Approval (8wks). Closes 26 October 2017. MUST apply through 3rd party - Qantas, Finder, Points Hack, maybe others.

        • Homr on 24/10/2017 - 11:23

          @Yola:

          Thanks but I might pass on that one. My ANZ is not expiring until Jan 2018 and I just got the AMEX Explorer card, so if I apply for the Westpac my credit rating will take a huge hit :(

          Also, my current combined credit card limit is over $25K!! (which I use no where near that) So I doubt Westpac will even approve my credit application even if I applied for one lol

          ….and the $5000 minimum spend in 3months will be challenging for me~~

  • soangry on 23/10/2017 - 10:37

    A bit challenging to meet min spend.

    • inamberclad on 23/10/2017 - 10:47

      .. living in syd?

      • brokeunistudent on 23/10/2017 - 10:49
        +1

        Yeah pay rent and then charge back haha

  • soangry on 23/10/2017 - 10:47
    +3

    Anz black credit card is very good too. 75,000 (convert to 37,500 velocity or 27,777 krisflyer). $0 annual fee first year, min spend $2500 in 3 months

    • jdogg on 23/10/2017 - 10:59
      +1

      Yes I am waiting out my time until I can apply for that one again. Also the ANZ frequent flyer one is good for qantas points.

    • phoenx on 23/10/2017 - 11:15

      unless they've changed it, the ANZ ones require $75k income and this one is only $35k.

      the other good thing about those ANZ ones is you can have both the frequent flyer and rewards black at the same time.

    • castaway on 23/10/2017 - 11:20
      +1

      I think its 75000 Qantas points which to me is so much better than 100000 points of Citibank.

      I just decided to cancel my Citibank and apply for ANZ.

  • jesseboy89 on 23/10/2017 - 10:58
    +2

    If you need a secondary card holder it's an extra $99 on the Platinum, or free on the Signature.

    So with that in mind, it's just an extra $50 for the signature to get more points per spend (1.5 v 1 at supermarkets etc, and 2 at some other places), and an extra 20k bonus points.

    • carlJack on 23/10/2017 - 15:56
      +2

      wow… cant believe they are charging for supplementary cards. I have never paid any fee whatsoever in the last 5 years including for the supplementary card.

    • FeZZa21 on 23/10/2017 - 16:29
      +1

      don't forget signature comes with complimentary lounge passes AND the convert rate is 2:1 from citi to velocity for example. whereas it's 2.5:1 for platinum.

      So best bang for buck is signature actually.

  • N1CKO on 23/10/2017 - 11:06

    Can you transfer pointa between family members with velocity?

  • fruxo on 23/10/2017 - 11:11

    What's the approximate value of the flights that can be bought with the points? I see mention in the OP that you can get $500 gift card, but I assume you'd probably get better value by using the points for flights.

    And how long until the points expire?

      • tunzafun001 on 23/10/2017 - 16:37

        Dont forget Citi have their own travel/ points booking system that can be better value than Velocity economy bookings.
        Business class flights, Velocity is the go.

    • chillin222 on 23/10/2017 - 19:55

      It's 5 Syd-Mel or Syd-Bris flights, no expiry.

      Value is extremely hard to measure. E.g. if you need to go Melbourne at the last minute and it's a long weekend, you might find yourself in a situation where the cheapest flight is $300. But if you have points, you'll almost definitely find a business class seat for 15,500 points + $25, right up until the day before (~$700 value). Having points is a lifesaver.

      You can use them if you book ahead, but the value's not as good, because you might pick up a flight for $120-150 without points.

      • Some Guy on 23/10/2017 - 20:30

        Last minute reward flights to MEL in Business on a long weekend for minimum points when Economy prices are high seems very optimistic.

        • chillin222 on 23/10/2017 - 23:03
          +1

          OK here's an example - 22/12/17, last work day of the year, SYD to MEL.

          Every flight between 10am and 7pm is currently $275-375 for economy.

          But there's a 6:30pm Business Reward fare still available (valued at $722).

        • Some Guy on 24/10/2017 - 13:16

          @chillin222:

          8 weeks away is hardly "last minute".

  • [Deactivated] on 23/10/2017 - 11:13
    -5

    I feel sad and guilty that people actually pay for this.

    • soangry on 23/10/2017 - 11:16

      Y?

      • Odin on 25/10/2017 - 01:00

        it was free for life a while ago

  • seanbaussie on 23/10/2017 - 11:24

    I need to close my Westpac Altitude to avoid the gazillion $ fee, so this is good news for me.

  • Duram on 23/10/2017 - 11:28
    +2

    Anyone able to get cheque to self in the signup proccess ? instead of BT.

  • RockyK9 on 23/10/2017 - 11:31

    Anyone have experience with Citibank travel insurance? Was about to go with the current ANZ card spend $500 get $250 cashback offer (annual fee $99) because of the good reviews ANZ has with their QBE insurance

  • raiseyoursteaks on 23/10/2017 - 11:45
    +2

    Apply now link in Citibank no longer works. I think their landing page is at fault or they have taken this of.

  • EyyBanane on 23/10/2017 - 12:10
    +1

    If I already have a 3rd party bank issued Citibank Platinum Rewards, will I be eligible for this?

    • ilubbargains on 23/10/2017 - 12:30

      Wondering the same myself. I have the Citi signature card. Can't see anything in T&C about existing cardholders being ineligible.

      • tunzafun001 on 23/10/2017 - 16:42
        +2

        Plenty of OZB's would have the Citi Sig free for life card and want to know. I recently applied and got the lower class ANZ Platinum card and made the spend. Net result, no annual fee charged, but no bonus points given. I guess I lost out on a few points that I could have earnt at the Black / AMEX rate vs the Platinum rate I got..but worth a try.

  • justwii on 23/10/2017 - 12:16

    No good faith in Citibank card myself. Last time joined their spent $1 and get 10000 points for 15 months promotion (promoted here on ozbargain https://www.ozbargain.com.au/node/274892), they cancelled the promotion after 9 months…

  • User102430 on 23/10/2017 - 13:58

    What are currency conversion rates on this card?

  • glo-open on 23/10/2017 - 14:51
    +1

    Will it be eligible for existing customer?

  • Moo Deng on 23/10/2017 - 16:29

    So 100,000 points are around $500 in Woolworths gift vouchers?

  • T-man on 23/10/2017 - 17:59

    Hopefully, they credit the bonus points as soon as I meet the spend, so I can convert the points to Velocity to get another 15% bonus promotion in Nov

  • Magicmagic on 23/10/2017 - 18:52

    Did you get approved straight away or get "thank you for your application. We will get in touch with you soon to let you know the status of your application"??

    • T-man on 23/10/2017 - 20:06

      I got a conditionally approved for a credit limit of $1xxxxx, and then I uploaded the notice of assessment and a received a confirmation email.

  • sj2can on 23/10/2017 - 22:14

    Thanks OP, provided I'm approved I'm looking forward to making it rain gift cards!

  • sharmanat0r on 23/10/2017 - 23:16

    Anyone try to sign up yet!? That Web form is the most awful iv ever seen, wigged out multiple times and I can't tell if it was submitted or not!!! Magic fields appearing after I had clicked submit

    • Reveen on 24/10/2017 - 02:46

      It's all part of the Citibank experience. It gets even better when you phone the call centre. Enjoy!

  • shiba on 24/10/2017 - 09:06
    +1

    The only bank that will pre-approve only to decline your application after sending through supporting documents.

  • mavis30551 on 24/10/2017 - 09:32

    Does the 3k include a balance transfer from another card?

    Also how do I go about transferring?

    • rhabdoviridae on 24/10/2017 - 11:34
      +1

      " Cash Advances, Balance Transfers, Refunds, Chargebacks and Special Promotions do not contribute to the spend threshold."

  • droodle on 24/10/2017 - 10:42

    hmm closed my citibank signature back in march ..

  • nadan on 24/10/2017 - 15:12

    Applied for the ANZ rewards, which I believe is a better deal.

  • angelbaby on 25/10/2017 - 11:43

    I applied yesterday, few minuates after i got an email requesting to upload my current payslip then I did that straight away, Still waiting for its approval.

  • pumpum on 25/10/2017 - 13:51

    Partner is being knocked out of the eligibility for the westpac and anz black deals due to annual salary being below the $75000 minimum. (just under $60000 gross ). Can anyone confirm if this might be one to aim for and next best thing ?
    She currently only has a Commonwealth fee-free no-frills card with no benefits at all, and one American Express card direct from AMEX. Any better idea much appreciated.

  • Benjkmv on 26/10/2017 - 00:29

    Can I purchase prepaid visa or MasterCard cards from Woolworth or Coles using this credit card?will it count as retail purchase or cash advance

    • tomclancy on 26/10/2017 - 10:15
      +1

      counts as retail purchase

      • Benjkmv on 26/10/2017 - 10:54
        +1

        @Tomclancy - Thanks for confirming

  • PaperplaneXXX on 30/10/2017 - 20:06

    Applied, submitted all docs, they call employer. approved for Platinum not signature .
    13500 limit.

    assked then to reduce to 6500

    they put 9000.
    Greedy.

    • Bargaingeek on 24/01/2018 - 21:36

      they call employer?? THat's dodgy as (profanity), not gonna sign up forget it

  • Baghern on 01/11/2017 - 14:40

    I think this needs to be added to the top

    Exclusions for the $3000

    An Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, payments to other Citi accounts, bank fees and charges such as interest and ATM charges, transactions made using Points and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs).

    • tess1988 on 02/11/2017 - 17:23

      does that include south east water(victoria south east water company)?

      • ezza on 05/11/2017 - 11:03

        Just say those types of bills though Post Bill Pay - https://www.postbillpay.com.au
        They will never know what actual category it was considered as (if the merchant accepts this form obviously)

  • trufflesthepenguin on 06/11/2017 - 09:36

    Got rejected from Citi for some reason.
    Unsure why considering I had $0 debt at the time, stable income of $55k as a Government Employee with a full time on-going role, in the position for 11months.
    No further explanations were given

    • trufflesthepenguin on 06/11/2017 - 09:37

      The phone assistance line was not very helpful at all.

      • sj2can on 06/11/2017 - 23:55

        Have you done a free credit score check + checked credit file? Have you stayed at one address for a long time and was it matched to your ID?

        • trufflesthepenguin on 07/11/2017 - 11:58

          I did just recently change address and have only been there for 1 month, so that could be it. And I have not updated my drivers license as I'm only here for 8months. Credit score is good though, 777 according to the last free assessment site check.

      • Odin on 08/12/2017 - 20:22

        I'm wrong never mind

  • tess1988 on 08/11/2017 - 16:36

    how long does it take to get bonus points after minimum spend with citi cards?

  • raiseyoursteaks on 27/11/2017 - 18:35

    Thanks, received my 100k rewards after meeting the spend criteria :)

  • j4ck on 07/12/2017 - 18:57

    Lovely. I applied for the minimum credit limit and received a card that has a limit of $20k+

    Wtf?!

    • droodle on 07/12/2017 - 20:41
      -2

      Showoff

      • j4ck on 07/12/2017 - 20:46

        Yeah, no. That's not the point I'm trying to make here.

        I only wanted the minimum limit and I'm concerned that they can change the limit without your consent.

        • Odin on 08/12/2017 - 20:21

          I'm wrong never mind

  • pcb7 on 08/12/2017 - 20:31

    I have a signature card. Will I get bonus points if I apply for this?

  • sj2can on 18/12/2017 - 23:56

    Is anyone waiting for their points? Did it come when the statement is issued or was it instant after $3k spend. Mine hasn't come yet…

    • j4ck on 14/01/2018 - 21:16

      Did you get yours?

      • sj2can on 16/01/2018 - 14:42

        It came the day after my statement was issued after I hit the $3k spend.

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