Citi Premier Credit Card Australia 200,000 Bonus Points, Priority Pass Lounge Access and How to Keep the $150 Annual Fee

Rewards, welcome offer and flexibility

The Citi Premier Credit Card is front of mind for many Australians chasing strong rewards. With an eye-catching 200,000 bonus points welcome offer, the card gives a fast path to travel, gift cards or frequent flyer transfers.

Points are flexible and can be converted to Velocity, KrisFlyer or Emirates, or used for digital gift cards from retailers like THE ICONIC and JB Hi-Fi. That flexibility makes the Citi Premier Credit Card appealing whether you prioritise flights or everyday redemptions.

Travel perks and fees to consider

Priority Pass lounge access and complimentary travel insurance are standout travel benefits of the Citi Premier Credit Card. Cardholders get two complimentary lounge visits per year, plus concierge support and cover for overseas incidents.

However, the card carries a 3.4% foreign transaction fee on overseas purchases and a standard annual fee that can rise if spend thresholds aren’t met. Weigh the Priority Pass value against those costs if you travel often from Australian airports.

How to keep the $150 annual fee

Keeping the $150 annual fee on the Citi Premier Credit Card requires meeting the $48,000 annual spend threshold. That’s about $4,000 a month if you prefer to average it across 12 months, and meeting it keeps the lower $150 fee instead of the higher default fee.

Practical strategies for Australians include putting household bills, utilities, groceries and regular subscriptions on the card, using it for business or education expenses, or consolidating periodic payments like council rates and insurance premiums. Combining partner cards and timing purchases across statement periods can also help hit the target.

Who should apply and tips to maximise value

If you’re a frequent traveller or a household with high monthly spend, the Citi Premier Credit Card Australia offer can deliver excellent value—especially through the 200,000 bonus points and lounge access. It’s well suited to those who will convert points to a frequent flyer program or redeem for big-ticket gift cards.

Before applying, check your eligibility, compare interest rates and consider alternatives if you rarely travel overseas due to the foreign transaction fee. To maximise value, use the card for everyday spend, monitor promotions, transfer points to airline partners wisely and review whether the $48,000 spend is realistic for your budget.