Citibank Citi Credit Card Rewards Program Review

Information verified correct on September 28th, 2016

Overview of the Citibank Citi Rewards Program

If you’re in the market for a great rewards card then take a look at the Citibank Citi rewards program. With a variety of redeemable products available, we think it is the card of choice for collecting points.

Citi Rewards Credit Card - Platinum Card

Citibank Platinum Credit Card

The Citibank Platinum is offering a discounted annual fee for the first year for new applicants. It has the added benefit of rewards with access to Citibank World Privileges.

  • $199 p.a. annual fee for the first year ($249 p.a. thereafter) annual fee
  • 20.99% p.a. on purchases
  • 0% p.a. for 24 months with 1.5% balance transfer fee on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $35,000 p.a.

Citibank Citi Rewards Program

There a range of different cards that you can choose from when you want to become a part of the Citibank Citi rewards program or Emirates Skywards rewards program.

  • Earning points. You will receive one point for every dollar you spend using your card. These points can then be redeemed for valuable merchandise, gift cards or flights. You can also earn bonus points if you hold a Gold or Platinum card. Some magazine subscriptions, real estate agents, retailers and restaurants are bonus partners in the rewards program, which gives you a chance to really earn some extra points.
  • Gift cards. There is a wide range of stores where you can redeem your points for gift cards or vouchers. Some of these stores include Target, Myer and David Jones. Vouchers are available for Hyatt hotels and you can get free movie ticket at Hoyts. If you would rather make a donation to a charity there are a number to choose from such as the Starlight Children’s Foundation and Guide Dogs Australia.
  • Flights. If it’s a flight you need then you can redeem your Citibank Citi rewards points for flights with international airlines through the Citi Take Flight scheme. Airlines such as Virgin Australia, Emirates, British Airways and Qantas Airlines have teamed up with Citibank so that you are able to book both domestic and international flights using your points.
  • Travel planning. You can use your Citibank Citi rewards points to book accommodation packages or use them for travel vouchers.
  • Benefits of the Rewards Program. Unlike many other rewards programs, you can use your points in this program along with cash to get that special item. With other programs you may have to wait until you have collected enough points to get your selection, but this program gives you the option of getting it when you want it.

As you can see above, the Citibank Citi rewards program has something for everybody. Choose this card when you’re looking for a wide selection of redeemable products and services.

Compare Citi Rewards Credit Cards

Rates last updated September 28th, 2016.

Citi Rewards Credit Card - Signature

75,000 bonus points offer has been extended until 30 April 2017.

June 1st, 2016

Citi Qantas Signature Credit Card

70,000 bonus points offer + 0% for 6 mos. offer on balance transfers are extended until 30 September

June 1st, 2016

Citi Rewards Platinum Card - Cashback Offer

$250 cashback offer and 0% for 12 mos. balance transfer offers until 5 October 2016.

July 13th, 2016

View latest updates

Jonathan Choi Jonathan
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
Citi Rewards Credit Card - Classic Card
Citi Rewards Credit Card Classic Card - is a great option with a lower income requirement for application. With no points expiry and a low interest balance transfer, this card is worth considering
0 1 $99 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
A low balance transfer offer card that allows you to earn 1.25 Citi Reward Points per $1 spend. Also features complimentary international travel insurance.
0 1.25 $199 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
Citi Rewards Credit Card - Signature
Receive 75,000 bonus Reward Points with a low balance transfer offer.
0 1.5 75,000 bonus points $199 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
Citi Prestige Card
Receive 70,000 bonus points on your first spend and a low interest rate on balance transfers.
2 70,000 bonus points $700 p.a. Go to site More info
Citi Qantas Signature Credit Card
Earn up to 70,000 bonus Qantas Points on eligible spend, plus enjoy a 0% p.a. for 6 months offer on balance transfers.
0 1 70,000 bonus points $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
Citi Rewards Platinum Card - Cashback Offer
Earn $250 cashback on eligible spend, plus enjoy 0% p.a. balance transfer offer for 12 months, discounted annual fees for the life of the card and a complimentary travel insurance.
0 1.25 $99 p.a. annual fee for the first year ($199 p.a. thereafter) Go to site More info
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14 Responses to Citibank Citi Credit Card Rewards Program Review

  1. Default Gravatar
    oscar | March 18, 2016

    I want to transfer my Citibank rewards points to either kris flyer or Qantas frequent flyer as I am planning to go overseas. What is the procedure and can I do it on line?

    • Staff
      Ysa | March 20, 2016

      Hi Oscar,

      Thanks for your question.

      If you wish to transfer your Citi rewards to other frequent flyer programs, you’ll need to get in touch with Qantas or Singapore Airlines and opt into their Krisflyer or Qantas Frequent Flyer programs. Please refer to the link I have sent to your email for their contact details.

      However, please also note that once you have transferred your reward points to frequent flyer points, you can no longer reverse the transfer and get back the original credit card reward points.

      You may wish to read first our guide for more information about transferring credit card rewards points to frequent flyer points.

      I hope this helps.

      Cheers,
      Ysa

  2. Default Gravatar
    jeannine | January 21, 2015

    Hi
    My father has reward points and he wants to purchase ME 2 virgin flight tickets. How can he do this?

    • Staff
      Jonathan | January 22, 2015

      Hi Jeannine,

      Thanks for your inquiry,

      Please note that the flight can be booked for card holders only. Flights redeemed under rewards points can be booked for other members if they are an additional cardholder under the account.

      I hope this helps!

      Cheers,

      Jonathan

  3. Default Gravatar
    trish | October 10, 2014

    i have 72 172 points earned from my citibank platinum card, what does translate to in dollar value to exchange towards virgin australia flights please?
    cheers, trish

    • Staff
      Elizabeth | October 10, 2014

      Hi Trish,

      Thanks for your question.

      Two Citibank Rewards Points on a Platinum card are worth one Velocity Point, so your points will roughly be worth 36,086. There’s no specific dollar value for these points, as it depends on the type of flight you book, the type of Velocity membership you have (ie. what level of membership) among other things. There is more information on how many points it takes to redeem certain flights on the Velocity website.

      Hope this has helped.

      Thanks,

      Elizabeth

    • Default Gravatar
      trish | October 12, 2014

      Hi Elizabeth,

      I booked a flight in April from Perth to Phuket. Citibank put me through to a travel agent who converted the points to dollars and i had to pay for the flight and the money (points into dollars) was then credited to my Citibank card. I flew with Virgin as the point to dollars value was greater than flying with Singapore Airlines.

      It wasn’t booked on points. How can this be explained?

      Cheers, Trish

    • Staff
      Elizabeth | October 13, 2014

      Hi Trish,

      The travel agent may have been able to convert the points to a dollar value based on the flight you took. As I explained above, there is no general ‘dollar value’ because each flight is worth a different amount of points, but based on the two flights you were looking at you may have gotten more value from one flight over the other.

      Hope this has helped.

      Thanks,

      Elizabeth

  4. Default Gravatar
    Christie | September 12, 2011

    can i transfer points to qantas frequent flyer account

    • Staff
      Jeremy | March 6, 2012

      Hi,

      If you enrol in the Citibank Qantas Rewards Program for an annual fee of $49 at the time of application you will automatically earn Frequent Flyer Points. Thanks for your question.

      Cheers,
      Jeremy

  5. Default Gravatar
    Joanne | August 24, 2011

    I want to redeem my points can you tell how do i do that

    • Default Gravatar
      Vic | April 29, 2013

      My annual fee is $149. I have used my points to cover this.How many points were used?

    • Staff
      Jacob | April 29, 2013

      Hi Vic. Reward Points 59,600 for a $149 annual fee. Jacob.

    • Staff
      Jacob | August 12, 2012

      Hi Joanne. Please log on to Citibank online to manage your account. Thanks for your question.

Credit Cards Comparison

Rates last updated September 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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