
Balance transfer
Purchase rate
Annual fee
110,000 bonus Velocity Frequent Flyer Points when you spend $8,000 on eligible purchases within 3 months from approval.
Earn 2 Citi Reward points per $1 spent on eligible transactions made Online.
Earn 2 Citi Reward points per $1 spent on eligible transactions made overseas or online with a store that is based overseas.
Earn 1 Citi Reward points per $1 spent on eligible transactions made locally.
Points are capped at 200,000 per 12 month period.
Main features
| Rate type | Rate % | Duration |
|---|---|---|
| Balance transfers | 22.99% p.a. | - |
| Purchases | 22.49% p.a. | - |
Fees
| Fee type | Fee % | Min fee $ |
|---|---|---|
| Cash advances | 3.5% | $3.5 |
Fixed Fees
| Fixed fees | Fee $ | Fee amount |
|---|---|---|
Annual fee | $300 | per year |
| Monthly fee | - | - |
Citi Rewards Credit Card features and benefits:
Get 110,000 bonus Velocity Points when you spend $8,000 on eligible purchases within 3 months from approval and enrol in Points Autosweep.
Enjoy 10% off Limited Time LUX Exclusive hotel offers (up to $250 per booking) booked by 1 March 2026.
$10 monthly cashback with BINGE
Add up to 4 additional cardholders at No Cost.
Up to 44 days interest-free on retail purchases.
New Citi Premier Credit Card customers only and cannot be used in conjunction with any other offers. To be eligible to receive 110,000 bonus Velocity Points (automatically redeemed from 220,000 Citi reward Points), you must apply for a new Citi Premier Credit Card before the offer is withdrawn spend a minimum of $8,000 on eligible purchases using your new card within 3 months from approval and provide your Velocity membership number to us to enrol in Points Autosweep. Once you meet the spend criteria and enrol into Points Autosweep, you will receive 220,000 Citi reward Points which will be automatically transferred to 110,000 Velocity Points and credited to your Velocity account.
To redeem Citi reward Points for Velocity Points you must be a Velocity member and advise us of your Velocity number prior to redemption. Velocity membership and Points earn and redemption is subject to the Velocity Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com.