Citi - Premier Credit Card
Velocity offer
This credit card from Citi has a $150 annual fee, and up to 55 days interest-free on purchases. It has a cash advance interest rate of 22.24% p.a.. There is a minimum credit limit of $10,000.
An annual fee of $150 and a purchase interest rate of 21.49% p.a..
Annual Fee
$300 for the first year reverts to $150 per year thereafter
Cash Advance Rate
22.24% p.a.
Purchase Rate
21.49% p.a.
Rewards Rate One
2 point(s) per AUD$1 On online spend up to 200,000 point(s) per year
Details
Card Type
Mastercard
Minimum Repayment
2% or $30
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$10,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$300 for the first year
reverts to $150 per year thereafter
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.
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Overseas Cash Advance Fee
3.40%
per transaction
Eligibility
Minimum Age
18
years old
Rewards
Program
Velocity Frequent Flyer
Types
Reward Points, Hotels
Bonus
100,000 bonus points
Reward Rates
Rewards Rate One
2 point(s) per AUD$1
On online spend up to 200,000 point(s) per year
Rewards Rate Two
2 point(s) per AUD$1
On international spend up to 200,000 point(s) per year
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
This product has been designed for individuals who:
- are seeking a line of credit facility for everyday spending to earn up to 2 Rewards Points per dollar on certain purchases and the ability to access complimentary insurances and Product benefits;
- meet eligibility criteria and serviceability requirements for the Product; and
- are 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: 2023-09-30.
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