Citibank gives their customers a range of choices when it comes to frequent flyer programs.
If you’ve ever held an account at Citibank you’ll know that one of the things they’re most renowned for is their large range of products. They have a great deal of different credit cards, bank accounts and loan products. Part of the reason is because they’re a global bank, and they use this experience when introducing new products, especially those in the rewards category.
If you’re a member of the Emirates Skywards program, you’ll enjoy the fact that Citibank has the only direct earn Skywards Credit Card in Australia.
If you’re a member of other frequent flyer programs, or even if you prefer not to be part of a frequent flyer program, there’s something for you when it comes to travel rewards.
Citi Credit Card Offer
Earn Qantas Points with the Citi Qantas Signature Credit Card, a promotional balance transfer rate and a discounted annual fee for the first year. Apply before 30 September 2016 and spend $3,000 in the first three months to receive the 70,000 bonus points offer.
- $99 p.a. annual fee for the first year ($395 p.a. thereafter) annual fee
- 20.99% p.a. on purchases
- 0% p.a. for 6 months on balance transfers
- Cash Advance Rate of 21.74% p.a.
- Up to 55 days interest free
- Minimum Income Requirement of $75,000 p.a.
Compare Citibank frequent flyer credit cards
Rates last updated September 27th, 2016.
- Emirates Citi World MasterCard
Replace bonus points offer with up to 10% off on Emirates flights until 31 December 2016
April 29th, 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
There’s a few different options in the Citibank range if earning rewards points is your aim.
- The Emirates Citibank Platinum will directly earn Emirates Skywards Miles per dollar spent.
- The Select and Signature cards will allow you to directly earn Qantas Points or earn Citibank Rewards Points.
- The Platinum and Classic cards only earn Citibank Rewards Points.
The Emirates Citibank Platinum Card
The Emirates Citibank Platinum Card allows you to earn Skywards Miles and get the other benefits typically associated with a platinum card.
You’ll earn 1 Skywards Miles per dollar spent, which can then be spent on flights, upgrading your fare, or items at Emirate’s High Street.
This card is also ideal for those wanting to save money on existing credit card debt, with an amazing balance transfer rate of 3.9% p.a. for 9 months. You also get the 55 days interest free period to give you plenty of time to pay for your purchases.
In addition to the reward points you can spend on travel and other exciting rewards, you also get lounge access in both Australia and Dubai, a personal concierge service available to you 24 hours a day, complimentary travel and travel accident insurance, and a complimentary chauffeur-driven trip to the airport when you travel.
The Citibank Select is Citibank’s flagship card and offers cardholders the ability to earn points and enjoy them in many different ways.
Upon signing up you’ll need to decide whether you want your card to earn Citibank rewards points or Qantas Points.
Qantas Frequent Flyer
Qantas Points are earned at the rate of one point per dollar spent, with an extra point per dollar earned for certain transactions. To choose this option you’ll have to pay a $49 annual fee.
Earning Qantas Points means you’ll get the benefits of the Qantas Frequent Flyer Program. This includes being able to redeem your points for items, gift cards and more at the Frequent Flyer Store, or using them to pay for flights or get free upgrades.
Citibank Rewards options
If you choose to earn Citibank Rewards points you can do two things with them. The first option is to transfer them over to the Singapore Airlines KrisFlyer, Virgin Velocity or Asia Miles programs. The transfer rates are as follows.
|Citibank points needed for one frequent flyer point||Other conditions|
|KrisFlyer||1.5||Redemptions must be carried out in multiples of 15,000|
|Velocity||1.5||Redemptions must be carried out in multiples of 15,000|
|Asia Miles||2||Redemptions must be carried out in multiples of 5,000|
Each of the above programs has its own strengths and weaknesses, and is beyond the scope of this article, but you can find out more by clicking on the links below.
Citibank Rewards Points
If you choose to stay in the Citibank Rewards Program and earn points you’ll earn two points per dollar spent, or five points per dollar spent on eligible overseas purchases, including international online sales.
These points can be used to pay for flights or hotel accommodation, to get cash backs, pay for your annual fees or for items such as homewares, books and magazines, gift cards or even as donations.
It should be noted that unlike the points associated with the Qantas Frequent Flyer or Virgin Velocity Frequent Flyer program, Citibank rewards points never expire, nor are they capped for the Select card.
The Citibank Signature offers the same programs as the Select but with one major difference: earn rates.
With the Signature you’ll only get 1.5 Citibank points per dollar spent, and 4 Citibank points per dollar spent on overseas purchases.
You’ll also get 3 Citibank points per dollar spent with Citibank’s bonus partners.
The number of Citibank points you can earn in a year is unlimited.
If you choose to switch to the Qantas Frequent Flyer Program you’ll earn 1 Qantas Point for dollar spent.
The Citibank Platinum doesn’t give you any options like the above card, instead locking you into the Citibank Rewards Program. The earn rate is 1.25 Citibank points per dollar spent, or 3 points per dollar spent on overseas transactions.
As mentioned above this offers the full range of rewards usually associated with a frequent flyer program including vouchers, gift cards and other merchandise, cash backs and travel rewards.
Like the cards above, these points can be cashed in for Singapore Airlines KrisFlyer miles or Virgin Velocity points. To do so you’ll have to login to Citibank Online and manually transfer points across when you want.
The Platinum has a rewards cap of 250,000 points per year.
The Citibank Classic, similar to the Platinum, only earns Citibank points. The earn rate for this is 1 point per dollar spent.
You can then use these points with the Citibank Travel Program for rewards this way, for vouchers, gift cards or cash backs, or for the usual merchandise offered in a frequent flyer program.
The Classic has a rewards cap of 60,000 per year.
The freedom to travel how you want
The Citibank range of credit cards has a large number of options for those who enjoy travel. Even if you’re not a frequent flyer at the moment it might be time to start, especially with offers such as bonus points cropping up from time to time.