Citibank Velocity Rewards Points Credit Cards

Information verified correct on October 22nd, 2016

Everything you need to know about transferring Citibank Rewards points to the Velocity frequent flyer program.

The Citi Rewards program allows you to redeem points for a wide range of rewards, including Velocity frequent flyer points. This latter option gives you a way to earn more frequent flyer points through your Citi credit-card spending. Here we provide key information about transferring your Citibank Rewards points (Citi Rewards) to Velocity.

Citibank Velocity rewards credit-card options

The following cards allow you to earn Citibank Rewards when you use them for eligible purchases. When you have earned enough points, you can transfer them to your Velocity frequent flyer account.

How to get Velocity points with a Citibank credit card


You can redeem your Citibank Rewards points for Velocity points using the following steps

  1. Log in to your Citibank Online account.
  2. Select “Rewards” from the navigation bar at the top of the page.
  3. Follow the prompts to redeem rewards.
  4. Provide your Velocity membership details when prompted and complete the transfer.

Alternatively, you can transfer points over the phone

  • Citi Prestige cards: 1800 818 008
  • All other rewards cards: 13 24 84

Once the transfer has been confirmed, your Velocity points will be credited to your account within five business days.

Transfer restrictions

Keep in mind the following transfer conditions for different Citibank Rewards credit cards:

Citi Classic Rewards and Platinum Rewards credit cards

  • 2.5 Citibank Rewards points = 1 Velocity point
  • There is a minimum transfer of 25,000 Citibank Rewards points per transaction

Citi Signature Rewards and Prestige credit cards

  • 2 Citibank Rewards points = 1 Velocity point
  • There is a minimum transfer of 20,000 Citibank Rewards points per transaction

What is the dollar value of Velocity points I can earn with a Citibank credit card?

While Citi Rewards cards don’t directly earn Velocity points, you can work out the dollar value of these points if you convert them to Velocity points using the table below.

CardCiti Rewards earn rateTransfer rateVelocity points per $1 equivalent
Citi Rewards Credit Card – Classic Card1 point per $1 spent2.5 Citi Rewards points = 1 Velocity point0.4 Velocity points per $1
Citi Rewards Credit Card – Platinum Card1.25 points per $1 spent2.5 Citi Rewards points = 1 Velocity point0.5 Velocity points per $1
Citi Rewards Credit Card – Signature1.5 points per $1 spent2 Citi Rewards points = 1 Velocity point0.74 Velocity points per $1
Citi Prestige Card2 points per $1 spent2 Citi Rewards points = 1 Velocity point1 Velocity point per $1

Factors to consider before applying

Before you apply for a Citibank Rewards credit card, you should be aware of the following details if you plan to use the card to earn Velocity points:

  • Velocity membership. You must be a member of the Velocity frequent flyer program before you can transfer points between rewards programs. Velocity membership is free and available on the Velocity website.
  • Points transfer rate. When you convert Citibank Rewards points to Velocity points, you will receive less Velocity point than if you use a direct-earn Velocity frequent flyer credit card.
  • Transfer time. Allow up to five business days to transfer points to your Velocity account.
  • Annual fee. Rewards credit cards only become cost-effective when you get back more than you paid. A low conversion rate between Citibank and Velocity requires a higher annual spend before you reach the rewards break-even point.
  • Limits. As detailed earlier, there is a minimum amount of Citibank Rewards points you must convert when you transfer them to the Velocity program.
  • Increase points with Velocity partners. If you use your Citi Rewards credit card with Velocity program partners, you can earn points twice: once through the Velocity program, and once through your Citi Rewards account. You can then transfer the Citi Rewards points you earn to your Velocity account to boost the balance.
  • Spend limits. Only a portion of your monthly spend will earn Citibank Rewards points. The table below details the caps on spending.

Points caps with Citibank Rewards Credit Cards

Credit cardPortion of domestic monthly spend that earns pointsPortion of international monthly spend that earns points
Citi Rewards – Classic$5,000No cap
Citi Gold credit card$5,000No cap
Citi Rewards – Platinum$10,000No cap
Citi Rewards – Signature$20,000N/A
Citi Prestige credit cardN/AN/A

Make sure you compare direct-earn Velocity frequent flyer credit cards if you’re in the market for racking up Velocity points. These products can reward you with more Velocity points per $1 spent. Keep in mind that rewards points on offer from an institution such as CItibank can be used in more ways than just Velocity points. For example, you can redeem Citi Rewards points for merchandise and travel rewards, whereas Velocity mainly offers travel-focused rewards. By considering all of these details, you can compare a range of cards and find one that offers the greatest value based on your spending habits and rewards goals.

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Credit Cards Comparison

Rates last updated October 22nd, 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
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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
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
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards 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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