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Compare credit cards that earn points into the Citi Rewards program.
Citi Rewards is a customer loyalty program operated by Citi Australia for holders of their credit cards. Cardholders earn points on their credit card spending, and points can be redeemed for a range of options, including merchandise, gift cards, travel and cashback.
Largest international bank in Australia
Citi Australia (or Citibank Australia) is part of Citigroup, a US-based multinational banking and financial services group. It has been operating in Australia since 1985, and is the country’s largest international bank.
Although it has very few retail banking branches (currently six, located in Sydney, Melbourne, Brisbane and Perth) its bank accounts and credit cards can be easily managed via Citibank Online Banking or the Citi Mobile App.
Wide range of rewards credit cards
Of the nine Citi credit cards currently offered, seven are rewards cards: four cards earning Citi Rewards points, two Qantas Frequent Flyer points cards and one Emirates Skywards Miles card.
The four Citi Rewards cards, with a variety of points earning rates, complimentary benefits and annual fees, are the Citi Rewards Classic Credit Card, Citi Rewards Platinum Card, Citi Rewards Signature Credit Card and Citi Prestige Card.
Two Citi Rewards cards, the Citi Rewards Classic Credit Card and Citi Rewards Platinum Card, have points caps, limiting the number of points that can be earned in a single month. The caps are, however, quite generous (5,000 points per month for the Classic card and 10,000 for the Platinum card) and are unlikely to be reached regularly by most cardholders.
The Citi Rewards Signature Credit Card and Citi Prestige Card have no points capping, so there is no limit to the number of points that can be earned with those cards.
Points don’t expire
Unlike some of its competitors, Citi does not impose an expiry date on its rewards points. You can continue to accrue points for a major redemption such as a long haul flight, and take as much time as you need.
Any points remaining after a card account is closed cannot be redeemed, however.
First purchase bonus points
From time to time Citi offers first purchase bonus points (sometimes known as sign-up bonus points) to new cardholders. This means that cardholders will receive a significant points boost for reaching a specified spending target within a set time period (e.g. 100,000 points for spending $3,000 within the first 90 days after card approval). Bonus points can be redeemed in just the same way as regular points, and therefore have considerable value.
Not all cards, and points, are created equal
The various Citi Rewards cards earn points at varying rates per dollar spent. Cards with a higher annual fee earn points faster.
Also, when it comes to redeeming points, Citi Rewards points earned by the Prestige, Signature and Platinum cards are more valuable than those earned by the less expensive Classic card. That is, Prestige, Signature and Platinum cardholders will require fewer points for some redemptions.
Supplementary cardholders earn points
If you request an additional card on your account, any purchases made by the supplementary cardholder will also earn points at the same rate as the primary cardholder. All points are credited to the account of the primary cardholder.
Points redemption options
There is a wide variety of redemption options for Citi Rewards points, including:
Citi Rewards cards have other complimentary benefits
Earning points is not the only benefit you can expect with a Citi Rewards card. Depending on your card level and annual fee, you may receive some of the following, for no extra charge:
Browse the range of Citi Rewards cards listed on this page to find the one most suitable for you.
Citi Australia is a part of US bank and financial services company Citigroup. The Australian operation began in 1985. Although it has only six retail bank branches in Australia, all Citi bank accounts and credit cards can be managed online.
No. Citi currently offers nine credit cards, only four of which are connected to the Citi Rewards program.
If you have a credit card connected to the Citi Rewards program, all your eligible purchases made with the card will earn rewards points at the rate specified for the particular card. E.g. 2 points per dollar spent.
This depends on the particular Citi Rewards card you hold. Some cards may have a blanket rate (e.g. 1 point per dollar spent) while other may have a tiered points system depending on the type of purchase (e.g. 3 points for spending at hotels and restaurants, 2 points at petrol stations and supermarkets, 1 point everywhere else).
Only 'eligible purchases’ earn points. In practice, this usually means all card spending except balance transfers, cash advances, interest charges, the annual fee and other card fees, foreign currency purchases, insurance payments and payments to the ATO.
No. Citi Rewards cards’ annual fees currently range from $99 to $700. The higher the annual fee, the faster you will earn points and the more complimentary benefits you will receive.
There is no charge other than the card’s annual fee.
Citi Rewards points have no expiry date, so you can hold them as long as you like before redeeming them. However, if you close your card account, any points left in your points account cannot be redeemed.
It depends on which card you have. The Citi Rewards Classic Card has a cap of 5,000 points per month and the Citi Rewards Platinum Card has a cap of 10,000 points per month. The Signature and Prestige cards have no points cap.
No. There are points caps on two cards (Classic and Platinum) but no points rate thresholds on any of the cards.
If there is an offer in place, first-purchase (or sign-up) bonus points are earned by new cardholders once they have reached a target spending amount within a specified time limit (e.g. 100,000 points for spending $3,000 within the first 90 days after card approval). They can be redeemed in exactly the same way as regular points.
The options include:
Yes. The points earned by supplementary cardholders are credited to the points account of the primary cardholder.
It depends on which card you have. The higher-fee cards have more complimentary benefits, but all Citi Rewards cards include at least some of: