Citi - Prestige Qantas Credit Card
Qantas Points
This credit card from Citi has a $749 annual fee, and up to 44 days interest-free on purchases. It has a cash advance interest rate of 22.24% p.a. and a balance transfer interest rate of 22.24% p.a.. There is a minimum credit limit of $20,000.
An annual fee of $749 and a purchase interest rate of 21.49% p.a..
Annual Fee
$749 per year
Balance Transfer
0% for 6 months reverts to 22.24% p.a.
0% BT fee applies.
0% BT fee applies.
Purchase Rate
21.49% p.a.
Rewards Rate One
1.5 point(s) per AUD$1 On international Spend
Details
Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$20,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$749
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
0% for 6 months
reverts to 22.24% p.a.
0% BT fee applies.
0% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
0%
per transaction
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
Qantas Rewards
Types
Qantas Points
Bonus
150,000 bonus points
Reward Rates
Rewards Rate One
1.5 point(s) per AUD$1
On international Spend
Rewards Rate Two
1.5 point(s) per AUD$1
On domestic Spend
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 1.5 Qantas Points 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.
