With a clear focus on customers seeking value through rewards and exclusive experiences, Citi Premier Card promises benefits that can make a real difference in everyday life.
To start things off, nearly all your expenses are eligible for points—whether it’s online purchases, travel, or domestic shopping. Points are capped at 200,000 per year, which can get you around $800 when redeemed—definitely a generous conversion!
Speaking of points, there’s a welcome gift for new Citi Premier customers. As a sign-up bonus, new applicants can earn up to 200,000 Citi Rewards points, as long as they spend at least $7,000 in qualifying purchases within the first 3 months of approval and keep the card active for at least 12 months.
Let’s dive into what else it offers:
Key Benefits of Citi Premier Card
- Citi Rewards Program: This points program competes well with other cards in the Citi Bank range and on the market. Nearly all purchases help you accumulate points, except for cash advances and a few specific cases.
For online and international transactions, you earn 2 points per dollar, and for everyday spending within Australia, it’s 1 point per dollar. - Priority Pass: Once you sign up, you get 2 free visits per year to selected airport lounges, which is a great perk for travellers.
- Complimentary Insurance: You’ll get protection against accidental damage or theft of your phone when paying your mobile bill with the Citi Premier. Plus, it includes international travel insurance covering emergency medical expenses, cancellations, and other protections if you spend at least $500 on the card abroad during your trip.
- Up to 4 additional cards: You can request up to 4 supplementary cards with no extra annual fee.
- Up to 44 days interest-free on retail purchases, helping you manage your cash flow.
How to Use Your Citi Rewards Points
One of the coolest things about the Citi Rewards program is the flexibility in how you use your points—you’ve got the power to choose!
Everything happens through Citi Online, where you can check your points balance and redeem them however you like. If travel is your thing, you’ll love knowing you can convert your points into frequent flyer miles with programs like Singapore Airlines, Velocity, and other popular Aussie options.
Alternatively, you can use your points to pay for everyday purchases or offset a flight cost and top up with cash if your points don’t cover the full amount. Some people even use their points to cover the annual card fee. Of course, you can also exchange them for gift vouchers from partner stores—think of it as treating yourself or someone special.
Does The Citi Premier Card Offer Balance Transfers?
Yes, and with a great advantage: 0% p.a. interest for 6 months, with no balance transfer fee. This can be a fantastic way to get rid of existing debt from other cards after evaluating the interest rates.
However, it’s important to note that if you opt for a balance transfer, you won’t get the interest-free days on retail purchases until the balance is fully paid off. Also, after the 6-month promotional period, the rate reverts to the cash advance rate, which is currently 22.24% p.a.
Key Fees to Know About of your Citi Premier Card
- Annual Fee: Reduced to $150 in the first year, and in each subsequent year if you spend $48,000 on qualifying purchases or cash advances in the previous year. Otherwise, it’s $300.
- Additional cardholder fee: $0 (limited to 4 requests).
- Retail purchase rate: 21.49%.
Conclusion: Our Take
The rewards program is pretty solid, though it’s not as high as other premium cards like the Citi Prestige.
On the flip side, the Citi Premier is more cost-effective, with a significantly lower annual fee while still maintaining a decent range of perks.
You’ll need to choose between interest-free days and balance transfers since you can’t use both features at the same time, so think about which one suits your financial goals better.
In short, this credit card works in your favour by turning your purchases into points and offering complimentary insurance. The best part is that you can apply online in just a few steps—find out how to sign up in minutes!