HomeCredit CardsCitiPremier - Velocity

Citi Premier - Velocity Credit Card

The Citi Premier - Velocity Credit Card offers up to 110,000 bonus Velocity Points. Ongoing benefits include Velocity Points via Citi Rewards earned on eligible purchases, and complimentary travel insurance.


Updated 10 December 2024


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Expert Review

The Citi Premier - Velocity credit card is one of Citi's premium Velocity Frequent Flyer products. Featuring a relatively low points earn rate, the card provides premium features such as insurances. This card earns Citi Rewards Points, which can be converted to a variety of rewards, including Velocity Points. Further, the product has a $300 annual fee, including up to 44 interest free days.

Considering its key features, this card is most suitable to someone who wishes to be rewarded for their spend. Other benefits include Overseas Travel and Medical Insurance which is similar to equivalent products and no additional cardholder fees.

Bonus Points and discounted Annual Fee in first year.
For a limited time the Citi Premier - Velocity credit card has a bonus Velocity Points offer, where you could receive 60,000 bonus Velocity Points in the first year and 50,000 bonus Velocity Points in the second year. In addition, the product also has a $150 annual fee in first year, which is a saving of $150 from the standard fee of $300. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.

Product Details
Step into a world of greater rewards with the Citi Premier credit card."
- Citi
Rewards

Earn Velocity Points via Citi Rewards#

0.5points per $1 spent

80,000 annual points cap

# This product earns Citi Rewards Points which can be converted to Velocity Points. For your convenience, all above references to points are in the Velocity Points currency.

Fees
Account Fees

$300 annual account fee

Additional Cardholder Fees

No additional cardholder fee

Up to 4 additional cardholders

Transaction Fees

3.40% international transaction fee

Other fees may apply.

Rates

21.49% p.a. variable purchase rate

22.24% p.a. variable cash advance rate

Up to 44 interest free days on purchases

Features
Insurance

Guaranteed Pricing Scheme

Purchase Cover Insurance

Extended Warranty Insurance

International Travel Insurance

Transit Accident Insurance

Interstate Flight Inconvenience

Offers
Bonus Points Offer

up to 110,000bonus points

$150annual fee in first year

60,000 bonus points in year 1 + 50,000 bonus points in year 2.
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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the Citi website.

Alternative Credit Cards
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^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.
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