This was posted 2 years 1 month 21 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

    • littlesoldier on 04/10/2022 - 01:45

      It's taken by NAB now but not sure whether assessment remains…

  • hamwhisperer on 04/10/2022 - 05:49

    7.5k now that's a challenge! I wish I knew of this about 6 weeks ago. Just got the car done for 1100 alone.

    That's a challenging amount

    • DustyAfternoon on 04/10/2022 - 08:17

      Citi PayAll lets you put rent payments and school fees on it, even if they’re just bank transfers, making it more achievable.

      • xsacha on 04/10/2022 - 09:06
        +2

        Technically you can PayAll to bank account (no fee) and then pay it back again. Does PayAll count for meeting requirements?

        • DustyAfternoon on 04/10/2022 - 20:40
          +1

          Yeah, I’ve used it for meeting the spend on another of their cards. It earns points too.

          I imagine you could just transfer to a bank account and back, as right now there’s no fee for PayAll. Eventually though there will be.

          • superozbargain on 04/10/2022 - 21:28

            @DustyAfternoon: Can the bank account be yourself or have to be someone else?

            • DustyAfternoon on 04/10/2022 - 22:18

              @superozbargain: I paid my flatmate.

              To be fair, that’s actually how we process our rent—it goes into his account first, then to the landlord. But for all Citi knows, he just gave it right back to me.

              Now personally if I were to try to game the system, I wouldn’t make it obvious. Paying yourself would be a tad too blatant.

              I’d also keep in mind that I’ve told Citibank what my rent is during the application process. It’d be a little odd to say I pay 1.3k a month, only to turn around and put through 7.5k in a single payment.

          • ozbargain2019 on 07/10/2022 - 11:11

            @DustyAfternoon: This almost seems too good to be true.
            So, you could meet your minimum spend by just transferring $7.5k to a family member and earn points while you're at it? Seems like I am missing something…

            • DustyAfternoon on 07/10/2022 - 11:35
              +1

              @ozbargain2019: It’s a new offering, so I suspect they’re still building up a customer base and working out the kinks.

              In future there will be a 1.5% or so fee on it, which will put a premium on just doing transactions like that. Right now it’s fee-free.

              Thinking it through, there may also be adverse tax implications for the person you send it to, if Citi tags the payment as rental income behind the scenes. Last thing you want is to accidentally donate a couple of grand to the ATO.

              Even using it as intended, it’s a great offering right now. It’s an extra thousand points or so per month, for free, and takes out a huge chunk of the minimum spend. (Especially if you put school fees through it.)

  • choister on 04/10/2022 - 06:24

    One side note: NO GooglePay available with Citi cards.

  • ModBot on 04/10/2022 - 06:37

    Can someone please explain how to book business class using points ? Be it KrisFlyer or anything else.

    Whenever I've tried to book, it shows the dollar value in points.

    Not sure how people are booking business class for 120000 points. Am I missing something ?

    Is there a guide ?

    • vodkaman on 04/10/2022 - 08:44

      Login to krisflyer and select the "redeem flights" radio button then put in your inbound and outbound. I think the 120k points you are referring to was the previous Sydney to Europe one way save requirement. It was 116k one way or 232k return for business to Europe from Aus. They've since increased it to 261k return or 130.5k one way.

  • EyyBanane on 04/10/2022 - 07:35
    +1

    Applied for this part of this year’s churn, and got rejected without reason, despite meeting the criteria. Only St George has rejected me in the past. Be cautious while applying.

    • LemonShapedRock on 04/10/2022 - 19:30
      +1

      I've heard of Citi not being "churn" friendly. I'm so tempted to apply but won't for that reason. Nothing worse than a credit check for a declined app.

      • GoodQuestion on 04/10/2022 - 21:46

        Meh ive had many declines and many more accepts… just comes with the territory

  • Dtezy on 04/10/2022 - 07:58

    Any one know how long it takes to process asuming no issues?

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

      Usually 5-10 business days but depends on whether all supporting documents are ready, I believe this card might take slightly longer to approve given the minimum credit limit is $20000

      • thekensai on 04/10/2022 - 08:24
        +1

        next day for me. i got a citi home loan though

  • joykev on 04/10/2022 - 07:59

    Is this better than ANZ app offer 160,000 qantas points and $225 cashback?

    • littlesoldier on 04/10/2022 - 08:06

      Depends whether you are after Qantas, Virgin or Singapore air

      Note that ANZ Qantas can also earn towards point club and club point plus, which give you access to Qantas club lounge. Priority Pass cannot gain access to domestic lounge but can claim food credits in some domestic airport

    • shegeloaf on 04/10/2022 - 16:31

      Do you have the li k to ANZ offer please?

  • DrakeIsEasyListening on 04/10/2022 - 08:08
    +1

    Anyone on less than $150k annual salary and have already had a different Citi credit card in last 12 months successfully applied?

    • joykev on 04/10/2022 - 08:44
      +2

      Yes interested to know if someone with salary slight below 150k could successfully apply?

      • nomekop on 15/10/2022 - 22:48
        +2

        Can confirm. Salary just above 100k, still got accepted

    • hellobasilcheese on 01/11/2022 - 16:07
      +2

      I have a citi rewards platinum (opened in July 2022 - still open, will close after new card arrive) and applied yesterday afternoon for this. Got approved this afternoon. I'm on less than $100k annual salary.

  • sicinadan on 04/10/2022 - 08:42
    +2

    called up Citi and was told: no minimum income requirement but need " regular income"

  • jackwilk on 04/10/2022 - 09:16
    +1

    I've been waiting for a good bonus points credit card deal for a while now, this one looks not too bad.
    I don't know how I'm going to spend $7.5k in 2 months though, unless I get a heap of gift cards.

    Just thinking how to get my family of 2 to the Priority Pass for free - I could walk in twice, taking 1 person at a time.
    Would this work?

  • icejam on 04/10/2022 - 09:18
    +1

    More perks like 1 airport transport claim capped at AU$100 https://www.citibank.com.au/global_docs/pdf/Citi_Prestige_Cr…

  • jackwilk on 04/10/2022 - 09:36
    +1

    This seems not too bad too, no Priority Pass but "only" 3k to spend in 90 days, and $49 card fee.
    https://www1.citibank.com.au/credit-cards/citi-rewards-150

    • squarepants on 04/10/2022 - 09:43
      +4

      Have to hold for two years to get full 150k points.

      • jackwilk on 04/10/2022 - 09:45
        +1

        Yeah, that's bad…

  • Bargainitis on 04/10/2022 - 09:46
    +4

    I had this card for many years before it all went downhill.

    My observations FWIW:

    1) removing the $150K minimum income is good for those on the cusp but also means they are getting desperate for business. I suspect the incentives will get worse. See below 2) below
    2) When I had the card, it was easy to defend the value as it had
    a) priority pass (which they still have now) - $350-400 value
    b) one free night at most hotels (downgraded to 4th night free) - $350 value
    c) 2x airport hired car picks up (removed altogether) - $150 value
    d) Fast pass at the airport for international flights (removed altogether) - $50
    3) my annual fee was always 50%, i.e. $350 which was well below the value I got from the above

    If you reflect on the above vs. what they offer now, its a fraction of the value. The only redeeming feature is the PayAll which if you read between the lines has value (12x whatever you put through in points per month). I had a $70K credit limit at the time so it was also a new brainer taking advantage of the PayAll feature (frankly. I don't know how they can afford to keep this up).

    If you are a high income earner and want better bang for buck, get the American express platinum. despite the annual fee, it is much better value overall. Saying that, YMMV.

    • mr_asstight on 04/10/2022 - 09:53

      PayAll lets you cycle between your own accounts while getting points?

    • thekensai on 04/10/2022 - 10:05
      +2

      payall has a limit of 20k per month now

      • Bargainitis on 04/10/2022 - 10:42

        ah damn…. all over then. I think it was unlimited at the time (well up to your credit limit per month).

      • TitanFather on 04/10/2022 - 12:51

        Just checked their website, it is 100% of your limit or 35k per month (whichever is lower)
        Not sure if that still works out for some people.

        • thekensai on 04/10/2022 - 14:52

          the website is not updated. apply and you'll get an updated flyer with the welcome package which details the new limit

      • ldcan on 04/10/2022 - 14:27

        may i ask what this PayAll feature is?

        • thekensai on 04/10/2022 - 14:53
          +3

          pay any australian bsb+acc using the prestige card and get rewards points just as usual purchase

          • ldcan on 04/10/2022 - 16:18
            +1

            @thekensai: even if its just a transfer to a friends or family bank account, you will still get rewards points?

    • [Deactivated] on 04/10/2022 - 12:09
      +2

      Where do you see the values for Amex platinum? I quite can't think of anything useful apart from travel and dining credit especially given the limited AMEX acceptance. Thinking about getting Qantas Premier Titanium instead but then no google pay support…

      • Bargainitis on 04/10/2022 - 14:47
        +1

        I thought the Titanium wasn't great given high fees and limited use (qantas points only).

        My justifications for Platinum:
        - $450 travel credit (I know its marked up but lets just say its worth $300)
        - $200 + 200 dining credit (plenty to choose from so I think its worth its face value)
        - one night free (roughly) at Accor (let say $200 but can be as high as $350 subject to hotel)
        - priority pass - not as good as blanket version vs. Citi's one but lets say $200 value
        - gold status at Hilton, Starwood (Bonyage), Shangri-la - give it whatever value you want, lets just say $100

        so on paper alone, thats $1200 of value but there are plenty of random other bonuses. For example, they offered $300 dining credit no minimum spent and a $150 hotel / car booking credit this year.

        appreciate these are all travel / dining incentives but the point conversion is better too, you get 2.25 pts per $ spent. Thats a better ratio than citibank which only offers 3 pts per $ spent on international transaction and select hotels, etc. Otherwise its 1 pt per $1.

        again, YMMV

        • littlesoldier on 05/10/2022 - 01:57

          one more to add as "benefit" is free additional cards (up to 4 card)
          each card also gain unlimited access to AMEX centurion lounge (bring 2 guests) and each card also has the "cut-down" version of Priority pass (bring 1 guest)
          [cut-down meaning no restaurant / cafe credits, but just lounge access]
          So to value up the Priority pass worth more than $200 if you have give additional cards to other family members

          Another things to consider is
          Comparing to Citi Prestige with $20000 min credit limit
          Platinum is a charge card so it wont hurt your credit limit
          Been talking to a few folks with this card and bank ignore this card while processing home loans / refinancing

          • Bargainitis on 05/10/2022 - 11:55
            +1

            @littlesoldier: yes good one. Agree with all.

          • Pentanol on 07/10/2022 - 04:19
            -1

            @littlesoldier: Hey mate can you confirm what you mean by the bank ignore this card? Like the $20k credit limit doesn't affect your borrowing capacity?

            Also can't you use the payall feature domestically to count for the 3 points per $1 by paying your own account?

  • zan5hin on 04/10/2022 - 10:10
    +2

    I wish they were more transparent with the required income level, if it's not $150k, make it clear. Is it 100k? 80k?

    For hoops to jump through and then to hit your credit score, I would prefer transparency.

    127k Krisflyer miles would be nice for me. But I think 60k Velocity for no annual fee and less than half the required spend is still the better option for most people: https://www.ozbargain.com.au/node/725401

    Add NAB Platinum through this link for 40k Velocity for $95 Annual Fee and $1k spend: https://www.nab.com.au/personal/credit-cards/offers/nab-low-…

    AMEX has Platinum Edge card via CashRewards with $140 cashback, $200 travel voucher for $0 fee, no spend, requires $3k limit. https://www.cashrewards.com.au/amex-platinum-edge-card

    Commbank has Low fee Gold Card: $300 cashback for $1500 spend, $0 fee and $4k limit minimum. and free travel insurance with no spend, if you "activate" it. No foreign transaction fees. https://www.commbank.com.au/credit-cards/low-fee-gold.html?e…

    So apply for 4 cards instead, get 100k velocity, $440 cashback, $200 travel voucher, all for $95 annual fee (NAB card) and $5500 required spend.

    • murkywater on 04/10/2022 - 10:24
      +3

      Problem is credit hits, you can't compare applying for 1 card vs applying for 4.

      • zan5hin on 04/10/2022 - 10:54
        -2

        You can compare it, I just did. Most people have decent credit, even with 650 score I was getting approved for non-platinum cards and AMEX explorer, but now my credit score is 827 so I have a lot of runway.

        I'd rather keep applying for multiple cards with lower spend limits, churn and close. End of Nov I can apply for Westpac Altitudes Platinum again, which is about 38k KF miles. Next year HSBC Platinum and St George again, and I'm closing my Suncorp Platinum to reapply next year, so I have a good cycle for Velocity/KF points, just need a few more cards / offers in the cycle.

    • daanish on 04/10/2022 - 11:12
      +1

      Tack on the fact that if you hit the spend and NAB pay out quickly you can pro-rata most of the annual fee and reduce the total cost to maybe 1-2 months of the NAB fee. Call it $15.83 for 2 months of the card.

      • rensman on 10/10/2022 - 17:38

        are you saying here that you cancel card once bonus points have been issued and request pro-rata refund on the annual fee you've paid (even a reduced one) before finalising and paying out?

        • daanish on 10/10/2022 - 17:44
          +1

          Yep. Call them to cancel and ask for the pro rata refund to be credited back onto the card. Pay what's left of the balance and then the card will close. Start the 12 month countdown until you can rinse and repeat.

  • discovolante on 04/10/2022 - 10:17

    can a prepaid visa/master card be loaded using another credit card? just to help the min spend…..

  • OzBestDeal on 04/10/2022 - 10:24
    +2

    Got approved within minutes, and didn't even ask much documents

    • timhn on 04/10/2022 - 16:05

      What? You still need at least 1 payslip, right?

      • OzBestDeal on 05/10/2022 - 00:00

        Yes, only 1 payslip.. no proof of other income are required at all… Unlike st george which requested heaps of doco then decline without any reason

        • littlesoldier on 05/10/2022 - 02:05
          +1

          same here, st george was the worst card application experience I have ever had
          being rejected twice in my life without reason
          all other banks, no issues at all

        • GoodQuestion on 05/10/2022 - 07:38

          My experience with StG too until i opened a cheque account on an OzB $40 deal then closed after a few months. I wonder if that gave me some “standing” with StG first.

    • GoodQuestion on 04/10/2022 - 21:50

      Have you had a card with citi before, or a bank account?

      • OzBestDeal on 05/10/2022 - 00:01
        +2

        I had credit card with Citibank about 4-5 years ago… Not sure if my details back then is still relevant

  • samehada on 04/10/2022 - 11:13

    Is OP associated with that site rwrds

    How come the link on that site has instantly been updated with this post?

    • Autonomic on 04/10/2022 - 13:13
      +1

      Not sure about any association but the rwrds guy is an ozbargainer.

    • SoulButter on 04/10/2022 - 19:35
      +1

      Not associated at all, just linking the website as its an awesome resource! The site owner is a ozbargainer too as Autonomic said.

    • shppngtrlly com au on 16/10/2022 - 12:11

      Haha I'm quick :D I had added the prestige card to rwrds the day before and as soon as I saw the post on Ozbargain I updated the page with the link.

      • whtsthenews on 07/02/2023 - 14:47

        Has this card been removed? I can't see on the rwrds site anymore?

        • shppngtrlly com au on 07/02/2023 - 20:09

          Yep, I removed it because the expiration date on the citi site says it expired end of Jan.

          To be eligible to receive 300,000 bonus Citi reward Points, you must apply for the Citi Prestige Card by 31 January 2023

  • activ8newbs on 04/10/2022 - 12:03

    I've gotta buy a car and dealer allowed $5k on credit card
    Gotta make the payment in 2 days. Any idea how long it'll take to get approved and use the card? (Even maybe digital wallet i.e. before the physical card arrives)

    • timhn on 04/10/2022 - 12:18

      Do you already have Citibank app installed? ie already existing customer still have their app on the phone can add to Wallet after approved. But i found only worked with iOS when I tried last time. With physical card, you can add to Google Wallet.

      You may have lucky to get them approve within 24hr

      • activ8newbs on 04/10/2022 - 12:46
        +2

        Lol I just realised I have the Turkish google play because of my Netflix and YouTube music subscription

        I can't even download the Citibank app lmao oh gawd

  • Xtreme Detailing on 04/10/2022 - 12:38
    +1

    Eligible Transaction is defined in the Citi Rewards Program Terms and Conditions and 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 branded 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). Please note that whether or not a transaction is an Eligible Transaction will be determined based on information provided either by the merchant or the relevant financial institution (including information about the type of business conducted by the merchant). This means that, for example, spend with certain merchants may be characterised as spend with a government related entity and therefore not an Eligible Transaction, even if that merchant is not in fact a government related entity; or
    any Citi PayAll Payments (for Domestic Spend only, International Spend is excluded)

    but excludes any transaction that you are not permitted to make under your Account Terms and Conditions.

    • Xtreme Detailing on 04/10/2022 - 12:39
      +1

      I was hoping to use this card to pay the council rates, oh well I think I need to consider sending my kids to a private school in order to spend $7500 lol.

      • Autonomic on 04/10/2022 - 13:14

        You could probably use Sniip to pay council rates.

        • timhn on 04/10/2022 - 13:19
          +1

          BeemIt also works

    • jimboner on 04/10/2022 - 15:36

      Is this the same as an eligible payment though?

      The footnote to the bonus on the webpage says:
      Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds, Chargebacks and spend on a Linked Diners Club Card.

      I was hoping to pay my rent via BPAY

      • OzBestDeal on 05/10/2022 - 00:03

        So payall is excluded as well?
        Thinking of paying rent through payall as well to cover the spending requirements

        • twistedbow on 29/10/2022 - 01:35
          +2

          pretty sure payall is included. I received my 60k VFF points last week from Citi by paying myself $3k with payall. However, always use your card first on day to day stuff like groceries, utils, etc before doing payall. My account got blocked as it was suspected fraud so I had to call Citi and get it unblocked.

          • braker on 01/12/2022 - 22:01
            -1

            @twistedbow: How fast do the points come in after reaching min spend?

            • twistedbow on 01/12/2022 - 23:05

              @braker: don't recall the exact days but within few working days.

    • gadgetguy on 04/10/2022 - 15:36

      That's a long paragraph but I read it as domestic PayAll being an "Eligible Transaction", right?

  • Frozensage on 04/10/2022 - 13:25

    20k credit limit damn. Be some pretty steep salary requirement on that?

  • danodco on 04/10/2022 - 13:47

    So what does 300,000 Citi Rewards Points get you at Citi?

    • jackwilk on 04/10/2022 - 14:16
      +1

      $100 Woolies gift card is about 20,000 points.

  • thousandsuns on 04/10/2022 - 14:17
    +2

    I ran the numbers on this card and it isn't as great as it is cracked out to be. You're better off going for the premier which gives you 150k bonus points. You'll actually get about the same if not $10 less in gc on this compared to the 150k card.
    Getting this card means unless you're ready to spend 7.5k you'll struggle with the short period of 60 days. Moreover, if the min credit limit is 20k so it will take a big hit on your credit report otherway.
    My recommendation is to for the smaller card and just get another one to churn right after. A difference of spending $500 less in 60 days to get what appears to be more value but it quite isn't (since annual fee is high) isn't the best way to go.

  • gadgetguy on 04/10/2022 - 15:39

    Looks like PayAll is only free until end of this month or for recurring transactions set up by then. Otherwise its 2% - so for 7.5k it would cost $150 in fees.

    Unless I missed something?

    • Homr on 04/10/2022 - 15:54

      Where have you read this?

      • gadgetguy on 04/10/2022 - 16:02

        On the fees section on this page:

        https://www1.citibank.com.au/offers-benefits/PayAll1

        Is there a fee for using Citi PayAll?

        For all Citi PayAll payments set up between 1 April 2021 to 31 October 2022 (the Period), the Citi PayAll fee will be reduced to 0%.

        Any recurring Citi PayAll payments set up during the Period will not incur the Citi PayAll fee for the duration in which those payments are scheduled to occur. Any recurring Citi PayAll payments set up prior or after the Period will be charged the standard Citi PayAll fee of 2% of the amount of the Citi PayAll payment. This fee will apply to all recurring payments made for the duration in which those payments are scheduled to occur.

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