Citi - Premier Qantas Card
Qantas Points
The Citi Premier Qantas Card has an annual fee of $350. However, in the first year this will be reduced to -. This fee will remain at - provided $48,000 was spent on eligible purchases or cash advances in the previous year. If not then it will revert to the aforementioned fee.
New cardholders can receive a bonus 100,000 points if $6,000 is spent on eligible purchases within 90 days of approval. This card also earns Qantas points at a rate of 1 point per dollar spent domestically (online only) and internationally. With any other domestic transactions, 0.5 points is earned per dollar spent.
Earns Qantas Points at a rate of 1 point per dollar spent domestically (online only) and internationally.
Annual Fee
$350 per year
Cash Advance Rate
22.24% p.a.
Purchase Rate
21.49% p.a.
Rewards Rate One
1 point(s) per AUD$1 On international and online spend up to 100,000 point(s) per year
Details
Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$10,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$350
per year
Late Payment Fee
$30
per statement
Cash Advance Fee
3.50% or $3.50
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
21.49% p.a.
Cash Advance Rate
22.24% p.a.
Balance Transfer
Balance Transfer
22.24% p.a.
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
No
Joint Application
No
Rewards
Program
Qantas Rewards
Types
Qantas Points
Bonus
100,000 bonus points
Reward Rates
Rewards Rate One
1 point(s) per AUD$1
On international and online spend up to 100,000 point(s) per year
Rewards Rate Two
0.5 point(s) per AUD$1
On domestic spend up to 100,000 point(s) per year
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
The target market for the Product is individuals who:
- are seeking a line of credit facility for everyday spending to earn up to 1 Qantas Point per dollar on certain purchases and the ability to access complimentary insurances and Product benefits
- are Qantas Frequent Flyer members or intend to be a Qantas Frequent Flyer Member
- meet eligibility criteria and serviceability requirements for the Product
- unlikely to hold substantial balances for prolonged periods except to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit Citi to view Target Market Determination Effective From: 2024-09-30.
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