Citibank is running a great promotion on its Premiermiles Visa card from now till 31 Jan 2017 that lets you earn 3.5 mpd on foreign currency spending.
This consists of the 2.0 mpd base you normally earn on foreign currency spending plus an additional 1.5 mpd bonus (full T&C here).Registration is required. Simply SMS MOREMILES XXXX to 72484 where XXXX is the last 4 digits of your Citi Premiermiles Visa card.
In order to take advantage of this promotion you need to charge at least S$2,500 in foreign currency spend to your card. Bonus miles are capped on S$8,000 of foreign currency spend.
Obviously this isn’t as good as the 4 mpd offered by the UOB Visa Signature card but keep in mind the UOB Visa Signature has been demarketed. Furthermore, you need to remember that UOB’s definition of a foreign currency transaction is that the payment processor has to be outside of Singapore as well. For other banks including Citibank, a foreign currency transaction is simply one that is denominated in foreign currency.
Although I dislike Citibank’s policy of not pooling points across its cards (meaning you have to pay multiple conversion fees), they do have one of the widest variety of transfer partners in all of Singapore (SQ, Cathay, Qantas, Qatar, AirFrance/KLM, Etihad, Thai, BA, MAS, Garuda, EVA).
If you don’t yet own a Citibank Premiermiles card, do note that you can take advantage of a 42,000 mile sign up bonus provided you’re new to the bank.
$192.60 (First Year Free Option)
Citibank Premiermiles Visa
- New Citibank cardholders can earn 42,000 miles when they spend $10,000 in the first 3 months after approval and pay the annual fee of $192.60
- Earn 1.2 mpd on local spending, 2 mpd on overseas spending (boosted to 3.5 mpd until 31 Jan 2018), 3 mpd on Expedia, 6 mpd on Agoda and 10 mpd on Kaligo
- Most banks offer just Krisflyer and Asiamiles- Citibank offers those plus the chance to earn miles with Qantas, Qatar Airways, Etihad, Thai, EVA, Garuda, Malaysia Airlines, British Airways, Air France, and KLM
- Citibank doesn't forget about existing cardmembers either- in June 2017 they ran a promotion allowing members to buy miles at 0.76 cents each, an unheard of price
- Note that Citibank points do not pool. If you earn points across different Citibank cards you'll need to pay separate conversion fees when you convert them to miles