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Citi Rewards Credit Card - 100,000 Bonus Velocity Points ($3000 Spend in 90 Days), $199 Annual Fee ($99 First Year) @ Citibank

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Citi Rewards Credit Card - 100,000 Bonus Velocity Points ($3000 Spend in 90 Days), $199 Annual Fee ($99 First Year) @ Citibank
Go to Deal
Store Repfindercomau @ Finder on 26/02/2021 - 11:18 www1.citibank.com.au (781 clicks)
Last edited 01/03/2021 - 09:10 by 2 other users

Hi Velocity Points collectors!

Sharing a new offer for the Citi Rewards Credit Card, which is offering 100,000 bonus Velocity Points when you spend $3,000 within the first 90 days of approval. You'll also get complimentary purchase and travel insurance covers, as well as a discounted first year annual fee.

Card Features & Info

  • Earn 100,000 bonus Velocity Points when you spend $3,000 on eligible purchases within the first 90 days. That's enough for one-way business class flight from Sydney to Los Angeles - from 95,500 points - when we can travel overseas again! Or, more than enough points for a return business class flight from Sydney to Perth or from Melbourne to Auckland - both from 71,000 points.
  • Annual fee of $99 for the first year, increasing to $199 in subsequent years
  • Balance transfer offer of 0% p.a for the first 15 months with no balance transfer fee. Rate reverts to the cash advance rate, currently 22.24% p.a., and no interest-free days apply to purchases when you have a balance transfer.
  • Earns 1 Citi reward Point per $1 spent domestically (capped at $10,000 per statement period) and 1 Point per $1 on international spend. Note that Citi reward Points can be transferred to Velocity ongoing at a rate of 2.5 to 1.
  • Purchase rate of 21.49% p.a. with up to 55 days interest-free
  • Complimentary international travel insurance, transit accident insurance, purchase cover insurance, extended warranty insurance and guaranteed pricing scheme.
  • Free wine when you dine at partner restaurants through the Citibank Dining Program.
  • Compatibility with Apple Pay & Samsung Pay
  • Minimum credit limit of $6,000 - Maximum credit limit of $100,000

Eligibility Criteria

  • Minimum annual income: $35,000
  • You must be at least 18 years old and an Australian resident
  • Maximum balance transfer amount is 80% of your approved credit limit and you cannot transfer balances from Citi

Detailed Review
If you'd like to read a detailed review of this credit card offer, check out Finder

Financial Credit Card Frequent Flyer Reward Points Velocity Frequent Flyer

Related Stores

Citibank Australia
Citibank Australia
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closed Comments

  • skinny on 26/02/2021 - 11:22
    +1

    can you have a existing citi credit card and get points?

    • tunzafun001 on 26/02/2021 - 12:01

      In particular the ole no annual fee for life Citi signature card (the ozb favourite).

  • noodlefan on 26/02/2021 - 11:26

    A good deal?

  • nightelves on 26/02/2021 - 11:30

    Wow massive.

  • alz on 26/02/2021 - 11:38

    How much are Velocity points worth these days on the open market?

    • Store Repfindercomau @ Finder on 26/02/2021 - 11:41
      -2

      If you were going to buy points directly, 100,000 would cost you $2,340

    • eDust on 26/02/2021 - 11:44
      +1

      You can get $400 worth of Bunnings vouchers with a bit left over (87,200 points).

      • Weshouldgetsushi on 26/02/2021 - 12:28
        +2

        This.
        I got rid of all my Virgin points for vouchers last year.

      • MadgeH on 26/02/2021 - 18:58

        Seems like a lot of effort to end up with a net result of appx $300?

    • Drakesy on 23/04/2021 - 16:20

      100,000 velocity points are equal to 200,000 flybuys points

      200,000 flybuys are worth $1000 coles/target spend.

      • thomalfa on 14/05/2021 - 11:29

        is the conversion pts from velocity to flybuys confirm?
        Sorry… not familiar with velocity… I only do Qantas pts.

        if the conversion correct still worth $900 of groceries….

      • yojabbajabba on 01/06/2021 - 21:22

        Equal to 200,000 flybuys points, but I don't think you transfer Velocity points into Fly Buys.

        • Drakesy on 01/06/2021 - 22:18

          I think you're right.
          I thought i did manage to do it prior to covid, but i may be wrong.
          Still they're worth a fair bit given 200,000 points are worth $1000.

  • nightelves on 26/02/2021 - 11:49
    +1

    IF in future they allows points to be transfer to Krisflyer this would be even more valuable.

    • nickj on 06/05/2021 - 13:51

      Also if they resumed allowing redeeming points for flights to IOT (Cocos keeling + Christmas island). Without IOT flights, and without Krisflyer transfers, Velocity is a far weaker rewards program than Qantas, because there is no unique value proposition. In Venn diagram terms, flights you can book with Velocity points at the moment are basically just a tiny subset of flights you can book with Qantas points. So every time I have a choice between the two, I always find myself thinking "why would you choose Velocity points, when they've explicitly deliberately removed the 2 most useful flight features, and every other flight they offer I can already do with Qantas points?"

      • nightelves on 06/05/2021 - 14:56

        Oh Christmas Island! Is that the one with all the crabs?

        • nickj on 06/05/2021 - 21:26

          It is! Apparently October to Nov is crab migration season.
          And Cocos are remote coral atolls, so I presume they'd make a great laid back beach / snorkelling destination.
          Both sound quite interesting, different, and far enough away that getting there from the east coast involves 9.5 hours of flying each way, so I imagine it would feel like you were travelling internationally, even though you weren't.
          So to me they were a great use of points with closed international borders, hence my annoyance when velocity stopped offering rewards redemptions for these destinations and only these destinations.

          • nightelves on 06/05/2021 - 21:27

            @nickj: So Qantas doesn't offer these destinations in their network?

            • nickj on 06/05/2021 - 21:33

              @nightelves: Nope, it's only virgin, and only from Perth. They fly there twice a week.

              • nightelves on 06/05/2021 - 21:34

                @nickj: Oh ok interesting did not know about this. Do you know how many points was required for one-way?

  • strike1 on 26/02/2021 - 11:51
    +1

    Not so good for earning points with spend ?

    Earn 1 Citi reward Point per dollar on Eligible Transactions

    Earn Citi reward Points on all Eligible Transactions and redeem them for Velocity Points, digital gift cards and more.

    With 2.5 Citi reward Points converting into 1 Velocity Point

    • carwashhair on 26/02/2021 - 12:11
      +5

      Focus on spending $3,000, then focus on moving to the next signup bonus.

  • bargainatoraah on 26/02/2021 - 14:00
    +1

    Is the no annual fee signature still available?

    • Valuehunter on 26/02/2021 - 15:39

      no . Tip you can do a family transfer of citirewards points from platinum to the premier card latter on by writing letter so then you get a better converting ratio into Velocity Points

      • nightelves on 01/03/2021 - 19:08

        So can you transfer Signature points to Premier as well? Is the conversion significant better or only slighthly?

  • cheapocheapo on 26/02/2021 - 15:46

    Applied in the morning, just got approved.
    Credit card number 5.

    • nightelves on 02/03/2021 - 00:57

      Can I ask are you checking to see if there's a close date in the credit report before applying for a new cc or once you close you wait a few days before applying for a new one?

    • endolphin on 09/03/2021 - 15:12

      5 for the year? Not a bad effort.

  • txb on 26/02/2021 - 22:27

    Can this card be added to google pay after being approved for immediate use?

    • cheapocheapo on 27/02/2021 - 18:36

      I don't think you can. Won't you need the expiry and the 3 numbers at the back?

      • Major on 27/02/2021 - 23:31

        I know Westpac has a digital card which you can add to GPay immediately

      • txb on 02/03/2021 - 00:04

        Bummer. Havnt used a physical credit card in years…havnt needed to carry a wallet apart from when I need ID!

    • Networks919 on 28/02/2021 - 11:47

      I think Westpac offers a digital card after full approval and I know NAB will allow you to do Tap and pay transactions right away with NAB pay. I dont think Citi cards do it.

  • Store Repfindercomau @ Finder on 01/03/2021 - 14:28

    Hey txb, no Citi cards aren't available for immediate use. Please also note that they are not compatible with Google Pay yet - Apple Pay and Samsung Pay only.

    • txb on 02/03/2021 - 00:02

      Thanks for confirming

  • Viper8 on 04/03/2021 - 18:42
    +3

    I can't see anything about the usual "bonus points only available to customers who have not held a Rewards CC with Citi in the last 12 months etc.".
    Am I missing it?

    I only just closed this a month or two ago: https://www.ozbargain.com.au/node/563405
    Normally Rewards CC's and Frequent Flyer CC's don't impact each other's cool downs, but in this case Citi calls them both "Rewards".
    If I apply, am I still eligible for the bonus points?

    • xabialonso on 26/04/2021 - 16:14

      Am keen to know if this is available to anyone who have held or still holding existing CB credit cards

    • nightelves on 06/05/2021 - 21:53

      No cool down with Citibank. So apply away.

  • Ghost47 on 09/04/2021 - 10:51

    Definitely keen on this after seeing it, been a while since I’ve signed up for a CC points promo. Might just spend on Coles and Woolworths gift cards to make up the $3K as I doubt I’ll spend that much in three months anyway. Thanks OP!

    Seems it’s valid till June 30, not bad.

  • strikerzebra on 17/04/2021 - 20:14

    Just applied and uploaded a payslip, now the waiting game

  • strikerzebra on 19/04/2021 - 12:17

    I just got approved , how do I give them my velocity number as it wasn’t in the application?

    • endolphin on 21/04/2021 - 06:32

      Hunt around for it online (not on the app) and there is a section to add it.

    • qeezy on 22/04/2021 - 14:53
      +2

      I called them about that. After spending and paying the off $3k+, they'll email you for your velocity number to transfer the points. There's also the rewards section of the card where you can transfer your citi points to kris flyer, velocity etc.

  • nightelves on 03/06/2021 - 18:39

    Anyone know if bpay payment count towards spend?

  • Miso on 23/06/2021 - 11:04

    Just applied - first bonus points on a Velocity card since Feb 19

  • Drakesy on 02/07/2021 - 21:48

    Might want to update to not expired

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