110,000 bonus Velocity Points~ for new cardholders who apply for the Citi Premier Credit Card.
The annual fee is $300 in the first year but cardholders can enjoy a discounted annual fee of $150 in each subsequent year if they spend $48,000 on eligible purchases or cash advances in the previous year.
The Citi Premier Credit Card earns up to 2 Citi reward Points per dollar on eligible spending and includes complimentary Priority PassTM membership with two airport lounge visits each year, plus the ability to earn Citi reward Points and automatically transfer your Points balance to Velocity Frequent Flyer each month with Points Autosweep.
Digging into the benefits of the Citi Premier Credit Card
The Citi Premier Credit Card earns Points in the Citi Rewards Program.
Card Details
| Card | Citi Premier Credit Card |
| Loyalty program | Citi Rewards |
| Citi Rewards earn rate | 2 Citi reward Points per $1 spent on Eligible Transactions online or overseas 1 Citi reward Point per $1 spent on Eligible Transactions everywhere else |
| Points cap | 200,000 Citi reward Points over a 12-month period |
| Minimum credit limit | $10,000 |
| Earns points at ATO | No |
| Travel benefits | Priority PassTM membership and two complimentary airport lounge visits each year |
| Annual fee | $300 for the first year and $150 p.a. each subsequent year if you spend $48,000 on eligible purchases or cash advances in the previous year, otherwise $300 p.a. ongoing |
| Overseas transaction fee | 3.40% of the converted amount |
| Mobile wallet | Apple Pay, Google Pay and Samsung Pay |
Cardholders can transfer their Citi reward Points to Velocity at a 2:1 ratio and transferring to Velocity allows cardholders to redeem for flights on Virgin Australia.
Effective Velocity Points Earn Rates
| Frequent Flyer Program | All other eligible spend | Eligible Transactions made online and International Spend |
|---|---|---|
| Velocity Points | 0.5 point / $ | 1 point / $ |
The minimum number of Citi reward Points required to make a transfer Velocity Frequent Flyer is 2,000 points in 1-point increments.
Any balance less than the minimum is ineligible to be transferred to frequent flyer programs.
Priority PassTM
The card also comes with Priority PassTM membership, currently valued at US$99 per year. Included are two airport lounge visits currently valued at US$35 each.
Complimentary Insurance*
Finally, you may be eligible for a range of insurances, including the following:
- International Travel Insurance
- Domestic Travel Insurance
- Rental Vehicle Excess Insurance in Australia
- Purchase Protection Insurance
- Extended Warranty Insurance
Citi PayAll
Earn Citi reward Points on everyday expenses from rent to education fees and more with Citi PayAll. Offers are subject to eligibility and are only available if your account is in good standing (for example – your account is not in default, suspended or closed). Citi PayAll fees apply.
Apple Pay, Google Pay & Samsung Pay support
Citi cards support Apple Pay, Google Pay & Samsung Pay, meaning you can use this card on your smartphone for easier payments.
Summing up: the Citi Premier Credit Card
The Citi Premier Credit Card Velocity Offer provides a market-beating 110,000 bonus Velocity Points offer with a card that earns points that can be automatically transferred to Velocity each month by Points Autosweep. The Card will especially appeal to those looking to earn Velocity Points.
The Card also offers other travel-friendly benefits. These include a complimentary Priority PassTM membership plus two airport lounge visits and complimentary insurance*, making for a more comfortable journey. Also, the ability to turbocharge your Points earned from Citi PayAll is another great feature.
Overall, this is a reasonably priced Card for the travel benefits that it provides.
Important information
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded credit products. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services.
Our/us/we means NAB unless the context otherwise requires it.
“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.
~ 110K Velocity Points via Points Autosweep
To be eligible to receive 110,000 Velocity Points, you must apply for a new Citi Premier Credit Card by 31 October 2024, 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 NAB to enrol in Points Autosweep. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest, fees, refunds and Chargebacks. You will receive an email from NAB after you have met the spend criteria, with information on how to provide your Velocity membership number to NAB to enrol in Points Autosweep. 220,000 Citi reward Points (equivalent to 110,000 Velocity Points) will be credited to your Citi Rewards Balance within 2 months of meeting the spend criteria and automatically transferred to Velocity on the date nominated by you, provided you have enrolled in Points Autosweep. Once transferred, it may take up to 1 month for the Velocity Points to appear in your Velocity account. Your Citi Premier Credit Card must remain open and in good standing (for example – your account is not in default, suspended or closed) for the Citi reward Points to be awarded. Membership of Velocity is your responsibility. The redemption of Citi reward Points will be administered solely by NAB and are subject to the Terms and Conditions of the Citi Rewards Program. Velocity membership and points earn and redemption are subject to the Velocity Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com. This offer is valid until 31 October 2024. Post this advertised date; NAB reserve the right to continue, withdraw or change the offer at any time without notice. This offer is not available when closing or transferring from another Citi branded credit card account or in conjunction with any other Citi branded credit card offer.
* Complimentary Insurance
AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the underwriter, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz) has issued a Complimentary insurance group policy to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) which allows eligible NAB account holders and cardholders to claim under it as third party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth).NAB is the credit provider and issuer of Citi branded credit cards. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”). Citi has agreed with NAB to provide transitional services in relation to the transferred business. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The terms, conditions, exclusions, limits and applicable sub-limits of the group policy are set out in the Citi Credit Cards Complimentary Insurance Policy Information Booklet which may be amended from time to time. Neither NAB nor Citi nor any of its related corporations guarantee this insurance.
^ Points Autosweep
To redeem Citi reward Points for Velocity Points you must be a Velocity member and advise NAB 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. You can choose to manually redeem a minimum of 2,000 Citi reward Points at a time, or opt in for Points Autosweep. If you opt in for Points Autosweep, your Citi Rewards Balance will be automatically transferred to Velocity on the date nominated by you each month, provided your Rewards Balance is at least 2,000 Points. The rate at which Citi reward Points are redeemed for Velocity Points will be displayed at the time of redemption or you opting in for Points Autosweep. Visit Citi Online to manually redeem Citi reward Points for Velocity Points or set up Points Autosweep. You may opt out of Points Autosweep at any time and still be able to manually redeem your Citi reward Points for Velocity Points. The redemption of Citi reward Points will be administered solely by NAB and are subject to the Terms and Conditions of the Citi Rewards Program. Velocity Points may take up to 28 days to appear in your Velocity account. Once Citi reward Points have been redeemed for Velocity Points, they are governed by the Velocity Terms and Conditions and cannot be changed, cancelled or reversed.
Absolutely no communication from them via email. I’ve been calling them multiple times last few days but their customer service is atrocious:
– Call 1 – called them, spend 30 min – 1 hour explaining my situation. Customer service representative eventually told me that my account has a ‘black code’ and it was under monitoring. Told me that I’ll be contacted same day which didn’t happen.
– Call 2 – called again, explained my situation again. They told me that everything is working on their end and I should be able to login. Eventually deleted my account and told that in 30m I’ll be able to create it again. Which wasn’t the case.
– Call 3 – called again and yet again explained my situation. They advised me to call another number (which is their security team).
– Call 4 – called their security team. They hung up on me.
– Call 5 – called security team again (I am at this point). I’ve been on the line waiting for someone to pick up for 30 mins.
Honestly this looks like a scam. I am surprised that point hacks still advocates to use this bank. You need to do your due diligence guys and actually provide worthwhile recommendations.
I don’t see anything in their T+C regarding government spend but the customer service over the phone says gov spend not counted towards minimum spend. Anyone able to confirm the truth? Sizeable portion of our minimum spend went to car regos.
My past history with Citi has been fantastic. Their current state is far from it – I am not at all sure I trust them with my credit card. Can only imagine the frustration of dealing with them with a lost/stolen card issue
I have held this Citi credit card in the last 12 months (cancelled 2 months ago). Will I still be eligible for the bonus points?
Also, I hold a Citi debit card (transferred to NAB recently). Will I still be eligible for the bonus points?
Cheers
Just wondering if I can access this specific deal and just keep them as citi rewards points (220 000 points) or do they need to be specifically converted to velocity points to access the deal? I prefer this deal over the regular citi premier card but would rather citi rewards points and not velocity.
Thanks
If am an existing citi rewards credit card customer and apply for the Citi premier credit card, will I get the bonus 110000 velocity points?
I found the below in the terms and conditions:
“This offer is not available when closing or transferring from another Citi branded credit card account or in conjunction with any other Citi branded credit card offer.”
Didn’t nab cancel citi cards held ???