This was posted 2 years 1 month 20 days ago, and might be an out-dated deal.

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Citi Prestige Credit Card: 300,000 Citi Rewards Points ($7,500 Spend in 60 Days), $350 First Year Fee (Save $350)

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Citi Prestige Credit Card: 300,000 Citi Rewards Points ($7,500 Spend in 60 Days), $350 First Year Fee (Save $350)
Go to Deal
SoulButter on 03/10/2022 - 22:50 www1.citibank.com.au (10929 clicks)
Last edited 04/10/2022 - 09:56

Key Points:

  • $350 annual fee in the first year (save $350).
  • 300,000 Citi Rewards Points when you spend $7,500 on eligible purchases within 60 days from approval.
  • Points redeemable for $1,500 in gift cards, $1,150 profit after annual fee. (According to rwrds)
  • $20,000 minimum credit limit, $100,000 maximum.

Extra Perks:

  • 4th Night Free: Enjoy your 4th night free when you stay four consecutive nights at a huge range of hotels.
  • Luxury Escapes: Enjoy 10% off Limited Time Lux Exclusive hotel offers (up to $500) and international tours (up to $250) until 1 March 2023.
  • Priority Pass: Unlimited complimentary access to over 1,200 Priority Pass lounges around the world for you and one guest.

Edit: Spoke to Citi live chat, they state the hard requirement of income has been removed. I was told I would still be eligible for the points despite currently holding a Citi rewards card. Looks like they've removed the one promo a year cap for this card, YMMV of course.

Financial Credit Card MasterCard Reward Points

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closed Comments

  • leftspeaker2000 on 03/10/2022 - 23:04
    +13

    7.5k in 60 days is a lot for me.

    • ttkc on 03/10/2022 - 23:04
      +2

      Buy gift cards?

    • jaygee on 03/10/2022 - 23:16
      +38

      Ok then don't.. um.. checks notes get it?

    • silenthillrocks on 04/10/2022 - 07:37
      +2

      The bar keeps getting higher. These deals used to require $3k only.

      • timhn on 04/10/2022 - 08:03
        +1

        Different class.

        Those are from the Premier CC - with annual fee apprx $300, min credit $10K.

    • fan8956 on 04/10/2022 - 08:53
      -1

      Ask for most expensive MacBook Pro and iPhone at apple, then return and get refund to different card, used to work

      • xsacha on 04/10/2022 - 09:03
        +4

        How do you refund to a different card? The vendor will incur transaction fees if it isn't refunded to same card so they usually insist.

        • NoApostrophePlurals on 04/10/2022 - 10:08

          Say you had to cancel your credit cards due to Optus hack. Or you lost your wallet and cancelled the old card. How do they force you to refund on a cancelled card that you're waiting for a replacement for?

          • doctau on 04/10/2022 - 12:48
            +6

            @NoApostrophePlurals:

            How do they force you to refund on a cancelled card that you're waiting for a replacement for?

            I'm not 100% certain of this, but I do deal with card payments as part of my job so 95% certain.

            Starting with the "how" technically, if it's within 6 month of purchase, they can refund the card transaction which would go back to the original form of payment, they don't need the card details again just the transaction details which they presumably have. What happens then depends on your financial institution, if they have effectively just given you a new card (with different details) for the account, your balance will increase potentially into the positive. If they have effectively closed your account an opened a new one, the merchant can still send the money back to the closed account, and your bank will inform you and usually send you a cheque.

            If the question was how they can legally do this, it's because that's what the law is. Not only can they usually choose to only return it to the original form of payment, to some extent they may be required to do so by the Anti Money Laundering laws. At a previous employer (where most transactions were in the thousands, when they weren't they were in the hundreds) all requests for refunds to something other than the original form of payment had to go via the Fraud and Risk team for approval, and had to be accompanies by a reason, proof of identity etc.

            If there was an alternative-FOP refund with the reason given as the card being cancelled and unreasonable to get the money back from the issues (e.g. pre-paid card, divorce etc), then we had better not see an attempt to use that card again. Either it is the thief attempting to use a stolen card (if it is actually cancelled), or the person was lying about the situation (if it wasn't cancelled). Immediate red flag and triggering police and/or AUSTRAC reporting.

        • billsa on 04/10/2022 - 10:10

          Much smaller transaction I knew, but at coles they allow you to use a different cc for a return/refund

        • cheapskate101 on 04/10/2022 - 10:47

          Transaction fees are not refunded to the vendor. Not with Tyro anyway.

        • Ehty on 04/10/2022 - 11:13

          Can do at Bunnings usually, not sure about the transaction value though

      • ufwpd on 04/10/2022 - 16:41

        Doesn’t work anymore. I couldn’t even refund something using Apple Pay with my watch because I’d paid using my iPhone

    • PotPlant on 04/10/2022 - 10:00
      +3

      Book an expensive and cancellable hotel?

    • Shane034 on 04/10/2022 - 12:13

      Yes, they're certainly not aimed at the average ozbargain miser like myself lol

  • nignucial on 03/10/2022 - 23:09
    +3

    Doesn't seem to exclude existing Citi card holders… Or am I blind?

    • tm001 on 03/10/2022 - 23:20

      Exactly what I am wondering….

    • cook99 on 03/10/2022 - 23:40
      +1

      When I spoke to Citi about a year ago they said you could have more than one and won't impact bonus but no guarantees from me … I just don't want to mess up my payall arrangements 😉

    • Jayblesz on 03/10/2022 - 23:58
      +1

      I tried to check the prerequisites for other cards from Citi a few months ago and their T&C's seemed to also forego any mention of… 'existing customers or those who have held/closed a card within the last 12 months etc…."

      Could probably call and get an answer. Citi is a bit inefficient but their customer service is of adequate standards and in my experience far better than some of the big 4 (speaking pre-NAB acquisition)

    • assarabbiya on 05/10/2022 - 13:48

      Citi used to be quite easy to get multiple credit cards from (without exclusion period) but around the time they were sold (to NAB I think) all my applications were rejected. All subsequent application at other institutions were approved so I'd think my credit score wasn't the reason Citi rejected. I theorise that Citi now has unspecified exclusion period (more than 5 months as that was my gap).

  • chillybags on 03/10/2022 - 23:10

    Citibank payall fee free available till October 2023 is an interesting add on included in this card. Payall page still says offer ends October 22, but people on forums have been notified of fee free period being extended til October 2023

  • tobi3421 on 03/10/2022 - 23:14

    does anyone know if citibank do reward points for annual fee statement credit like westpac? if so what does it convert to?

  • tm001 on 03/10/2022 - 23:19

    Do I calculate it right to be also transferable to 150k Velocity points? That would be nice…
    I can't find any condition of having a previous card in the past. I canceled my Citi Premier three months ago, wondering if I can apply for this one now.

    • starburstyellow on 04/10/2022 - 01:57
      +1

      Yes, or 120,000 Krisflyer miles. I've personally owned both Signature and Prestige in the past, and got bonuses for both. Just remember to not apply with 4~6 months of opening one.

      • Meovel on 13/02/2023 - 23:05

        Just remember to not apply with 4~6 months of opening one

        Is that due to impact on credit score?

        • starburstyellow on 13/02/2023 - 23:27

          No, Its somewhat common knowledge (specifically citibank) that you shouldn't apply say a premier than say a Privilege card within 4-6 months. The second card tends to get rejected. Also not sure if it applies here, but could eventually. NAB cards now have a 18 month waiting before applying another card, similar to Amex. This was previously 12 months.

          • wangasm on 13/02/2023 - 23:40
            +3

            @starburstyellow: I applied and received a Premier card then applied and received a Prestige card the very next month no issues. This was last month, maybe I was just lucky (both still active)

            • starburstyellow on 13/02/2023 - 23:42

              @wangasm: Oh wow, thats great!! Ive heard horror stories of people wasting their credit score because of the above, but perhaps they have lowered their guard.

            • rob3 on 04/03/2023 - 18:59
              +1

              @wangasm: same here…getting married soon so have lots of expenses…ive applied for the prestige, premier and rewards velocity card all with citibank leaving 1 month between. All bonuses came through no problems….now they are targetting me for that jbhifi voucher deal..so far scored another $1200 worth of vouchers….best cc deal ever….if you need to spend a lot of cash in a short time period (obviously only if you have the cash to pay them off too)..

  • LemonShapedRock on 03/10/2022 - 23:20

    Is this technically NAB processing the application at this point?

    I noticed the minimum CC limit is now only 20,000 from 30,000 and they’ve dropped mention of the 150k minimum income requirement

    • jaygee on 04/10/2022 - 00:52
      +1

      Pretty sure the 150k income is still a requirement

      • NRGIZE on 04/10/2022 - 01:07
        +1

        sad face!

      • shegeloaf on 04/10/2022 - 15:25
        -2

        What if you make 141k p.annun?

  • shppngtrlly com au on 03/10/2022 - 23:21
    +26

    Works out to be:
    126,000 Krisflyer miles
    157,500 Velocity points
    $1,500 in Woolworths/Coles gift cards with 2,400 points remaining.

    • watwatwat on 03/10/2022 - 23:26
      +1

      Minus annual fee.

    • LemonShapedRock on 03/10/2022 - 23:27
      +3

      Worth noting last March Velocity had a 30% bonus transfer with Citi. If we're lucky enough to get that again, we're looking at a monster sign up bonus.

      • Sim69 on 04/10/2022 - 00:29

        Even 157,500 is pretty good. That's enough for SQ return from Singapore to Europe in business class, an extra 30% would be incredible!

        • jaygee on 04/10/2022 - 00:53
          +5

          Provided you can find any damn seats. Everyone is snapping up everything.

          • Sim69 on 04/10/2022 - 12:16

            @jaygee: I find there’s decent availability from Singapore to Frankfurt usually, you just may have to deal with paying to fly SQ economy to Singapore

        • txb on 04/10/2022 - 02:34
          +3

          That's not enough miles for a return, a saver or advantage one-way fare.

          • Sim69 on 04/10/2022 - 12:18

            @txb: Aah sorry almost enough. Singapore to Frankfurt in business is 92,000 each way

        • MrThing on 04/10/2022 - 07:22
          -1

          Check ur notes. Syd to london bis on singapore is circa 240k points return on saver

          • Sim69 on 04/10/2022 - 12:15

            @MrThing: I said “Singapore to Europe” not “Sydney to Europe” haha

        • vodkaman on 04/10/2022 - 08:38

          This is wrong - one way Sydney to Europe is 139k Velocity, stills miles better than 261k Krisflyer for a return ticket in business but you'll be lucky to get 1/5 the award availability of Singapore through Velocity.

          • Sim69 on 04/10/2022 - 12:19

            @vodkaman: One way from Singapore to Frankfurt is 92,000, so almost enough for return.

            • vodkaman on 04/10/2022 - 12:34

              @Sim69: yeah true - just gotta figure out how to get to singapore!

              • Sim69 on 04/10/2022 - 13:23

                @vodkaman: Haha yeah. If you’re in Perth like me it’s not to bad to deal with economy for 4.5 hours as long as the long flight from Singapore to Europe is in business, although it wouldn’t be as nice if you’re flying 8 hours from Sydney

                • vodkaman on 04/10/2022 - 19:16
                  +1

                  @Sim69: Actually I just saw there's a promo for 25% when transferring from Citi to velocity which so the 300k would net you 187.5K velocity!

                  More than enough to do sing to Europe in J

          • evasive on 08/02/2023 - 20:01

            @vodkaman: From my quick searches from Melbourne to London, in almost every situation Singapore KF flyer points are much cheaper than Velocity? Am I reading into this wrong? Why would anyone convert to velocity when it seems KF points are way better value.?

            • vodkaman on 09/02/2023 - 07:42
              +1

              @evasive: Yeah I would always use KF, the velocity thing is more about holding the points in system that doesn't let the points expire unlike KF which expires in 3 years. With the 25% bonus from velocity you are roughly getting the equivalent of 2.5:1 KF when you transfer at 1.55:1 from VF to KF.

              • evasive on 09/02/2023 - 08:18

                @vodkaman: So for this card what are the ratios for each? Example 300k Citi points will give me how many velocity and how many KF?

                But still - If I plan on using within 3 years then KF is automatically the best option still? Thanks

                  • evasive on 09/02/2023 - 17:30

                    @CodeXD: Ok so even with a worse ratio KF still seems to be the better choice given how much cheaper the flights actually are in point terms?

                    • CodeXD on 09/02/2023 - 17:39

                      @evasive: You'll have to work that out yourself. I rarely fly so I plan to convert my points to flybuys/gift cards.

                    • wangasm on 09/02/2023 - 18:26
                      +1

                      @evasive: Short answer: Yes, but it depends on the flight. See my sheet here for a rough estimate
                      https://www.ozbargain.com.au/comment/13333652/redir

                      • evasive on 09/02/2023 - 20:03

                        @wangasm: Yeah but KF flights are on the whole way better value than velocity right. In examples I’ve tried the velocity flights cost obscenely more points on their respective websites.

                        • wangasm on 09/02/2023 - 20:45

                          @evasive: Yup that's exactly what my sheet shows.
                          However, I was referring to routes. If you fly mostly domestic, Velocity will be better.

    • starburstyellow on 04/10/2022 - 01:59
      +1

      I thought for Krisflyer would be 120K @ 0.4?

      • shppngtrlly com au on 04/10/2022 - 09:28
        +1

        Included the amount you need to spend the earn the bonus * points per dollar

    • caustic birch on 04/10/2022 - 02:09

      I thought velocity was 1:2.5 and krisflyer 1:3?

      https://www.pointhacks.com.au/credit-cards/citi-rewards-card…

  • salmon123 on 03/10/2022 - 23:28

    Is the priority pass the full version or the cut down version, like amex platinum gets?

    • vodkaman on 03/10/2022 - 23:39
      +1

      Full version with the $40 or so credit that can be used at airport restaurants

    • jaygee on 04/10/2022 - 00:53
      +2

      Can't believe how poorly done amex members were done

    • whyisave on 04/10/2022 - 01:30
      +3

      Unlimited 'Priority Pass' is a pretty good deal

      • hamwhisperer on 04/10/2022 - 05:53

        What does it actually mean?

        • stigsphilocousin on 04/10/2022 - 06:36
          +1

          Means that the cardholder gets unlimited free access to any Priority Pass lounge plus the food credit. Base Priority pass membership only allows you to get in to a lounge for a fee and the next one up is good for 10 free visits a year (subsequent visits attract the usual fee).

          https://www.prioritypass.com/en/join-prioritypass

          • Davelovesdealz on 04/10/2022 - 11:02
            +1

            @stigsphilocousin: The food credit is a game changer IMHO - $70 odd bucks between you and a guest goes a long way in the peroni bar et al and the options are much better than lounge food….

            • timhn on 04/10/2022 - 12:00

              @Davelovesdealz: Are you sure? For $35, I doubt if you have any changes after 1 coffee + 1 water + pizza/pasta at Peroni.

              • Davelovesdealz on 04/10/2022 - 12:43

                @timhn: Well I usually take a guest so 70 bucks not 35 - its not going to be a kings feast but considering its free and there are 3 other places (last time I had this card pre-covid) in the airport you can also spend 70 at it goes a long way for sure

          • sibueno on 06/10/2022 - 20:52
            +1

            @stigsphilocousin: What do you mean about food credits here, I’ve had a pretty good look through the info online and can’t seem to find any mention on this? Otherwise it seems pretty good, will just have to come out with pockets of food to feed to other 2 family members who miss out on the free guest pass…

            • stigsphilocousin on 07/10/2022 - 19:54

              @sibueno: There are several bars/places to eat at T1, T2, and T3 where you can use your membership as a credit to have a drink or eat; e.g., the Peroni Bar at T1 allows members to use a visit entitlement to get $36 off food and drink. If you bring a guest, you get $72 off (1 member + 1 guest)

              https://www.prioritypass.com/en/lounges/australia/sydney-kin… (look at the Conditions section where they explain how it works).

              • sibueno on 08/10/2022 - 07:52

                @stigsphilocousin: Ahh ok thanks - One place in Brisbane airport - but doing a trip to Europe this Xmas via US so would def be worth it!

          • arcticmonkey on 30/01/2023 - 18:38

            @stigsphilocousin: If you apply for a supplementary card holder, do they get PP benefits as well?

      • maverick1 on 04/10/2022 - 13:47
        +2

        only if you could use. Just returned from Greece via sing. Many lounges now categorically refuse entry to PP members on account of lounge being full.
        Some say return after an hour (after passengers of flight XYZ have left the lounge) and some just have a notice at the entrance saying entry NA for PP members.
        YMMV.

        • whyisave on 04/10/2022 - 13:50

          was that lounge in GR or SG ?

          • maverick1 on 04/10/2022 - 13:52
            +1

            @whyisave: both

            • whyisave on 04/10/2022 - 13:54

              @maverick1: wow

              do these lounges have "restricted" seating,
              eg. every second seat is left empty for 'social distancing' ?

              ( i heard that some airlines have middle-row seating empty,
              hence why plane tickets are still expensive )

              • maverick1 on 04/10/2022 - 13:58
                +1

                @whyisave: nope, no restricted seating. Just too many people traveling atm.
                my flight was packed, not one single seat empty.

        • tallkid123 on 04/10/2022 - 19:08

          Lounges often suck in Asia in terms of availability. Even once you get in after queueing, you can look forward to no seats and more queueing at the buffet area.

  • Ash-Say on 03/10/2022 - 23:28

    It appears to be better offer than $160k Qantas points offer from ANZ.

    If you hold 2 eligible cards with Citibank, can you setup PayPal on both cards for $35k each per month?

    • salmon123 on 03/10/2022 - 23:29

      If you hold 2 eligible cards with Citibank, can you setup PayPal on both cards for $35k each per month?

      I assume this is some way to manufacture spend? Can you elaborate on how it would work?

      • Ash-Say on 03/10/2022 - 23:38
        +2

        Sorry typo, I was supposed to write PayAll.

        • cook99 on 03/10/2022 - 23:42
          +1

          The $35k is dropping to $20k limit on PayAll.
          More of a concern is do you want them looking to closely at your existing $35k if you're trying to double down with more?

  • stingier on 03/10/2022 - 23:32
    +3

    Priority pass for $350 already seems like a pretty good deal tbh

    • Ehty on 04/10/2022 - 11:14

      Can get this with Westpac Black also.

      • squarepants on 04/10/2022 - 11:17
        +1

        Comparing considerably different levels of Priority Passes lol. Westpac Black comes with two lounge passes a year, this is an unlimited access one, including use at Priority Pass restaurants.

        • Ehty on 04/10/2022 - 11:17

          My bad, thanks!

          • squarepants on 04/10/2022 - 11:18

            @Ehty: No worries. Just clarifying as I only recently got the Westpac Black and it's Priority Pass is definitely not that generous haha.

  • Lesco Brandon on 03/10/2022 - 23:33
    +1

    Is paying $350 for the annual fee worth it?

    • huu on 03/10/2022 - 23:41
      +1

      For first year, its $700pa … seem hardly worth it

      • Lesco Brandon on 03/10/2022 - 23:44
        +2

        Yea figured so. Unless we take the points, use them and cancel card?

    • sydboy007 on 04/10/2022 - 11:32

      If you do a lot of flights without loungue access then the $40 food credit for each flight could make it a reasonable deal.

  • bellroy26 on 03/10/2022 - 23:38
    +2

    Applied for it, asking me to submit further docs via email but email says not to reply in that email but also does not give any link to submit these docs. Quite confusing.

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