Even though it’s not part of my regular card rotation, I have to say that I quite like the offers that Citibank runs for its Premiermiles cardholders. In the past we’ve seen some very nice promotions, including a truly spectacular one not too long ago. If not for their infuriating policy of not pooling points from different cards, Citibank may well have been my go-to credit card choice.
Citibank is starting another round of targeted promotions for Premiermiles AMEX and Visa cardholders, and Jeremy on the Telegram group sent me a link to his offer. I realised that by simply changing the version in the URL, I could see all 3 offers that Citibank had.
Here are the three offers:
- Offer 1: Spend S$800 on Citibank PM card, get 2,000 bonus miles
- Offer 2: Spend S$600 on Citibank PM card, get 2,500 bonus miles
- Offer 3: Spend S$400 on Citibank PM card, get S$200 cashback
Offers 1 & 2
These are fairly straightforward- by hitting the minimum qualifying spend between 1 Feb and 31 March 2018, you earn either 2,000 or 2,500 bonus miles on top of the base miles earned (1.2 or 2.0 mpd, depending on whether it’s local or overseas spend).
Qualifying spend is very broad, and excludes the usual suspects like quasi-cash transactions, annual fees and interest. And before I’m asked, yes, Paypal and Cardup/iPayMy payments will count towards your minimum spend.
It may surprise you to know that despite my general preference for miles over cashback, I’d have much preferred to get Offer 3 over Offer 1 or 2. The math is simple- at a 2 cent valuation, Offer 1 represents a 5% rebate, Offer 2 an 8.3% rebate. That’s nice and all, but you simply can’t beat $200 back on a $400 spend. That’s almost too good to be true.
You need to make this qualifying spend between 1 Feb and 31 March 2018. If for whatever reason you’re struggling to hit a $400 spend on your card for this promotion, consider buying gift vouchers online.
You can find the T&C for Offer 3 here.
I remember that once upon a time it was DBS Altitude which had all these random promotions for cardholders, but in recent memory its Citibank who has been showing their customers more love. Always good to see banks giving existing customers something to be happy about, instead of limiting their promotions to new customers only.