Citibank Platinum Credit Card: 70,000 Flybuys Points with $3000 Spend within 90 Days ($49 Annual Fee 1st Year, $149 Thereafter)

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geowest on 31/08/2019 - 08:55 www1.citibank.com.au (539 clicks)
Last edited 02/09/2019 - 23:18 by 1 other user

Description from Citibank site,

Be rewarded with 70,000 flybuys BONUS POINTS when you apply for a Citi Rewards Platinum Credit Card and spend $3,000 on it in the first 90 days from approval.1 That could be redeemed for $350 worth of flybuys Dollars4 to spend at participating flybuys retail partners or make your next holiday easier on your wallet with flybuys travel.4 Plus, you can always count on Citi for great benefits including free wine when you dine out5 and enjoy 0% p.a. interest on balance transfers for 12 months (reverts to cash advance rate).3 Please note, no interest free days apply to retail purchases while you have a balance transfer.

Annual fee - $49 first year, $149 from the second year.

Related Stores

Citibank Australia

Flybuys

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  stockastics on 31/08/2019 - 08:59

  Annual Fees?

  • 

    geowest on 31/08/2019 - 09:06

    First year $49, $149 from the second year.

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  nadan on 31/08/2019 - 09:26

  +1

  Don't risk it with citi, they are no longer the citi of old.

  • 

    nightelves on 31/08/2019 - 09:33

    +1

    What was the citi of old like. Never had much dealings with Citibank.

    • 

      nadan on 31/08/2019 - 11:01

      Very easy with the application process and approval was guaranteed for most. The most generous limits like 30k plus.

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  Frayin on 31/08/2019 - 09:39

  "Deals" like this make me wonder if people who never intended on getting a credit card actually sign up, spend the x amount to receive y bonus. I don't understand it.

  • 

    stockastics on 31/08/2019 - 09:58

    So blame the credit card company or the person applying?

    • 

      Frayin on 31/08/2019 - 10:15

      There is no fault, so no blame. Just curios to my lack of understanding.

      People who already intended on getting a credit card, the bonuses may be enticing, depends on annual fees and what have you.

      • 

        stockastics on 31/08/2019 - 13:41

        Lots of ppl on OzB sign up for points and cancel..credit card companies are banking on people taking up deals like this, spend money and not pay back full amount. The interest is around 20% on unpaid amount which is 5x the normal home loan interest rates. Due to such defaulters, credit card companies make money and are able to provide "perks".

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  cheapbloke on 31/08/2019 - 11:04

  Is this the best new credit card deal at the moment?

  • 

    nightelves on 31/08/2019 - 11:26

    You must be new here.

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  Truthbe on 31/08/2019 - 12:09

  I just applied to this last week for the kogan promotion, im still within the 90 days of activation - can i still redeem this?

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  bloomer on 31/08/2019 - 12:38

  I think the current Citibank Rewards Platinum bonus points offer is better than this Flybuys offer for those who want frequent flyer points, so for readers who see the posted Flybuys offer and think "Velocity!", go for the 120,000 Rewards points offer instead. In reality it's 80k initially and 40k if you hang around for more than a year, so I would regard this as an 80k offer. That converts to 32,000 Velocity points (2.5 Rewards points = 1 Velocity point), whereas this Flybuys offer would only convert to 30,450 if my maths is correct.

  • 

    aragornelessar on 31/08/2019 - 13:43

    You can get 15% bonus when transferring to Velocity from Flybuys deals every now and then from memory - once or twice a year perhaps?

    • 

      bloomer on 31/08/2019 - 16:57

      +1

      But equally, you can often get a 15%+ bonus transferring from Rewards to Velocity…

      • 

        aragornelessar on 31/08/2019 - 18:52

        Do they do bonuses to Velocity? That's a fair call if they do - I've never looked into Citi due to the bad rep they often get here

  • 

    randomusername2017 on 31/08/2019 - 13:50

    +1

    Ignoring the points from the 3k spend..

    2k flybuys = 870 Velocity
    35 x 870 = 30450 Velocity ~ regular 15% promo would nett 35000 velocity
    $49 annual fee for an earn rate of approx 1.3c pp

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  toobzy on 31/08/2019 - 19:52

  Price in title