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Our verdict

Offers an impressive 275,000 bonus points, hotel perks and unlimited airport lounge access, with a $700 annual fee.

The Citi Prestige card has one of the largest bonus points on the market. To give you an idea of the potential rewards, you could exchange 275,000 Citi Reward Points for 137,500 Velocity Points. This card also boasts unlimited airport lounge access through Priority Pass and your fourth night free at select hotels.

The Prestige is only available to applicants who meet the requirements and comes at the cost of $700 p.a. If you're looking for a card with a lot of perks but without the weighty annual fee, you could consider the Citi Rewards Platinum card as well.

Pros

275,000 bonus points
Unlimited access to over 1,300 airport lounges through Priority Pass
Airport transfer service and 4th night free hotel offers
Complimentary international travel insurance

Cons

The $700 annual fee is high
21.49% p.a. interest rate for purchases
3.4% foreign transaction fee

The Citi Prestige is a top-tier rewards card suited to frequent travellers and big spenders. When you apply by 30 April 2024 and spend $10,000 in the first 90 days, you will get 275,000 bonus Citi Reward Points. This is one of the biggest bonus points offers on the market right now, and would be enough for $1,300 Woolworths gift cards based on details publicly listed on the Citi Rewards website.

Both the $700 annual fee and the 21.49% interest rate for purchases are at the higher end of the scale for credit cards in Australia. But the Citi Prestige is packed with perks, including an airport transfer service, hotel benefits and unlimited airport lounge access with a complimentary Priority Pass membership. If you use them, the points and perks on this card can help justify its costs.

Details

Product details

Product Name	Citi Prestige Card
Balance transfer rate p.a.	0% for 6 months, then 22.24%
Balance transfer limit	80% of available limit
Purchase rate p.a.	21.49%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	22.24%
Min credit limit	$20,000
Max credit limit	$100,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Minimum income	$150,000
Joint application	No

Rewards

Rewards program	Citi Rewards Program
Bonus points	275,000
Rewards points per $ spent	1

Fees

Annual fee	$700
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

On 1 June 2022, Citi's consumer banking business was acquired by NAB. Citi credit cards are still available for application and will have the Citi brand. However, the contract for these cards is now with NAB.

How to apply

If you meet the eligibility requirements and have all your documents and details ready, you can apply for the Citi Prestige online in around 10 minutes.

Eligibility criteria

Residency. You must be an Australian citizen or permanent resident.
Eligible balance transfer debt. If you plan to take advantage of the balance transfer offer, Citi allows you to transfer up to 80% of your available credit limit from accounts not issued under the Citi brand.

Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, email address, date of birth, marital status, number of dependents, residential address and contact number. You will also need to provide a valid form of ID, such as your driver's licence, passport or Medicare card details.
Employment details. This covers your current job title, salary and your employer's contact details (or accountant's details if you're self-employed). You'll also need to provide supporting documents to verify your income, such as recent payslips or tax assessment notices from the ATO.
Financial details. You'll need to provide details of any other forms of income, savings and other assets such as investment properties. You also need to share details about any existing liabilities or debts – including loans and credit cards – as well as estimates of your regular, household expenses.
Balance transfer details. If you are going to transfer a balance to the Citi Prestige you will need to provide the details of the account(s) from which you're transferring.

Card benefits

275,000 bonus points. When you apply by 30 April 2024 and spend $10,000 in the first 90 days, you'll be rewarded with 275,000 bonus Citi Reward Points. The bonus points will be credited to your account within 6-8 weeks of the spend requirement being met.
Earn rates. The Citi Prestige earns 3 Points per $1 spent for all eligible international spend and selected domestic purchases made and booked directly from a range of major restaurants, hotel chains and airlines (flights only), 2 Points per $1 spent for selected domestic purchases made at major petrol outlets, supermarkets and national retailers and 1 Point per $1 spent on all other eligible domestic transactions.

Rewards and frequent flyer options. You can transfer your points to a range of frequent flyer program partners, including Virgin Australia Velocity Frequent Flyer and Singapore Airlines KrisFlyer. You can also redeem points for other rewards including travel, gift cards and cashback through the Citi Rewards Program.
Balance transfer. Transfer an existing account balance to the Citi Prestige and save with 0% interest for the first 6 months (reverts to the cash advance rate after the introductory period).
Priority Pass airport lounge access. Get unlimited airport lounge access for you and a guest with a complimentary Priority Pass membership. You can relax pre-flight at airport lounges around the world, including in Europe, the UK and the US. In Australia, you can get Priority Pass lounge access at Adelaide, Brisbane, Cairns, Coolangatta, Darwin, Melbourne and Sydney airports. Find out more about how it works with a credit card.
Fourth night free. When you book through the Citi Prestige Concierge at least 48 hours (but not more than 6 months) in advance and stay a minimum of four consecutive nights at available hotels, you can enjoy one night free. The value of the free night is calculated as the average nightly room rate for the four-night stay and does not include taxes or additional fees.
Complimentary mobile phone insurance. Use the Citi Prestige Card to pay your monthly mobile plan and you'll get cover for accidental damage that affects the way your smartphone is supposed to work. You also get cover for theft when it's unavoidable. This complimentary insurance is underwritten by AIG Insurance and, as with any policy, it's a good idea to check the policy document for full details of what's covered and how to make a claim.
Airport transfer service. Receive a complimentary, one-way airport transfer to or from select cities in Australia (up to a maximum of $100).
10% off selected Luxury Escapes offers. Until 1 March 2024, you can get 10% off (up to $500) on Limited Time LUX Exclusive hotel offers in Australia and overseas when you pay with your Citi Prestige card and use the code PRESTIGECITI10 on the Australian Luxury Escapes website or mobile app. You'll also get 10% off (up to $250) on international tours when you pay with your Citi Prestige card and use the code CITITOUR10.
Mastercard benefits. With Mastercard Priceless Cities, you’ll get access to exclusive entertainment, dining, travel and other lifestyle experiences in more than 40 cities around the world.
Mobile payment technology. You can make contactless payments using your qualifying device once you enable Samsung Pay, Apple Pay or Google Pay.

Rates & fees

Annual fee. The Citi Prestige card comes with a $700 annual fee.
Interest rates. This card charges a purchase rate of 21.49% p.a. and a cash advance rate of 22.24% p.a.

Interest-free days. If you pay the full amount owed by the due date on each statement, you'll enjoy up to 44 days interest-free on purchases. Note that interest-free days aren't available if you carry debt from a balance transfer or for any cash advance transactions.
Foreign transaction fees. If you use your Citi Prestige card to make a foreign transaction, the standard 3.4% fee will apply.
Balance transfer. You can transfer an existing account balance to the Citi Prestige and save with 0% interest for the first 6 months (reverts to the cash advance rate after the introductory period).
Additional card. You can add up to 4 supplementary cards without any extra fees.

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Amy Finder

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Maggie

May 31, 2023

Can the rewards points be converted to Asia miles for Prestige card?

Amy Bradney-George Finder

June 01, 2023

Hi Maggie,

Unfortunately Citi Points can’t be transferred to Asia Miles, according to details publicly available on the Citi Rewards website. They can be transferred to Flybuys Points, Singapore Airlines KrisFlyer Miles or Velocity Points. There are also other rewards credit cards that do offer point transfers to Asia Miles, including ANZ Rewards, CommBank Awards, Westpac Altitude Rewards and American Express Rewards. I hope that helps.

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Alex

May 14, 2023

Currently I am NAB Credit holder, if I apply Citi card, will I still eligible for the bonus point?

Amy Bradney-George Finder

May 15, 2023

Hi Alex,

Yes you would still be eligible for the bonus points offer on this card, as long as you meet the other requirements. I hope that helps.

Martin Russell

April 11, 2023

Is there a waiting period before the lounge access is granted?

Amy Bradney-George Finder

April 14, 2023

Hi Martin,

There’s no set waiting time once you have activated this card. According to the terms and conditions, Citi Prestige cardholders need to enrol in Priority Pass at http://www.prioritypass.com/prestigeaumc and download the Priority Pass app. Once your account is set up, there’s no waiting time so you can access the lounges listed in the Priority Pass app or on its website, according to the programs terms and conditions. If you have any questions, you can contact the Citi Prestige Concierge on 1800 782 948. I hope that helps.

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Lenny

September 04, 2018

Are you aware how the $150k income requirement is determined/assessed? If your household income meets that, would it be sufficient? Or does it need to be individually? If individually, if your recent fortnightly pay shows the correct amount say would that suffice?

Jhezelyn Finder

September 04, 2018

Hello Lenny,

Thank you for your comment.

Yes, Citi Prestige has set their income requirement to $150,000 p.a. Your income is an important eligibility requirement that the issuer will use to assess your ability to repay. You will have to provide information about your current income, spending habits, and any existing debts to help the credit card issuer determine whether or not you can manage more credit.

It is more likely to assess you individually, hence, better to lay all your possible income. You may want to check our article about income requirements to get more idea.

Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.

Regards,

Jhezelyn

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Citi Prestige Card

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