|The following is a sponsored post by Citibank. The opinions and analysis remain those of The Milelion|
Good news for Citi PremierMiles Visa cardholders: from now till 31 December 2019, you’ll earn 1.5 mpd on all local spending, subject to a minimum spend of S$3,000 per statement month.
No registration is required and there is no cap on the bonus miles you can earn. Should you hit the S$3,000 threshold, the 1.5 mpd rate will apply to spending from the first dollar. For example, if you spend S$3,500, you’ll earn a total of 3,500 * 1.5= 5,250 miles.
|For the avoidance of doubt, this promotion does not apply to Citi PremierMiles AMEX cardholders- they’ll continue to earn the usual 1.3 mpd|
You’ll initially see the regular rate of 1.2 mpd credited to your Citi Miles account, and the bonus 0.3 mpd will be credited by the end of the current statement period.
A rate of 1.5 mpd would make the Citi PremierMiles Visa one of the highest earning general spending cards in the S$30,000 segment, as the table below shows:
The full T&C of the offer can be found here.
What counts towards the S$3,000 spending?
Good news here- Citi is defining qualifying spend fairly broadly, the only exclusions being:
This means that transactions which do not usually earn rewards points will still count towards the S$3,000 threshold for the purposes of this promotion, e..g insurance, education, government services, charitable donations, gambling, or top-ups of prepaid accounts.
For example, I may spend S$2,500 on dining (which normally earns points) and S$500 on insurance (which normally does not). Collectively, I’d have spent S$3,000 and will qualify for the 1.5 mpd earning rate. The number of miles I’ll receive, however, will be S$2,500 * 1.5 = 3,750 miles.
Whether or not it’s worth giving up the miles on a portion of your spending just to hit the S$3,000 threshold is another matter, but given that you can’t really earn miles on government services or charitable donations anyway, it would make sense to use the Citi PremierMiles for these transactions at least.
Spending on Citi PayAll will also count towards the S$3,000 threshold, which means that anyone with rent, tax, education expenses, condo management fees, or electricity bills to be paid has an opportunity to buy miles at the very low price of 1.33 cents each.
|Cost per mile @ 1.2 mpd||Cost per mile @ 1.5 mpd|
|Based on 2% admin fee, certain Citi customers may be targeted for lower rates
1.33 cents, for context, would be one of the lowest cost ways of buying miles in Singapore.
Statement month vs calendar month
Remember: the S$3,000 spending is based on your statement month, which may be different from the calendar month. For example, your statement cycle may run until the 4th of every month, which means you’ll need to spend S$3,000 from 12 September 2019 to 4 October 2019 to qualify for the 1.5 mpd rate.
Here’s some illustrations as to how it works; additional scenarios can be found in the T&C.
You can check your statement month by logging into Citibank’s ibanking portal and clicking on your credit card account. You’ll see a line for “last statement date”, which shows when your statement period ends. In my case, my statement runs from 12th of each month to the 11th of the following month.
Use the Citi PremierMiles Visa to access a wide variety of transfer partners
One of the best features of the Citi PremierMiles Visa card is its numerous transfer partners. Citi Miles can be transferred to 11 different frequent flyer programs and 1 hotel partner at a 1:1 ratio.
|Singapore Airlines KrisFlyer||1:1|
|British Airways Executive Club||1:1|
|EVA Air Infinity Mileagelands
|IHG Rewards Club||1:1|
|Malaysia Airlines Enrich||1:1|
|Qantas Frequent Flyer||1:1|
|Qatar Airways Privilege Club||1:1|
|Thai Airways Royal Orchid Plus||1:1|
|Turkish Airlines Miles&Smiles||1:1|
Why would you be interested in earning anything other than KrisFlyer miles? Well, other frequent flyer programs have great sweet spots for certain destinations, which means you could earn your free flight with even less spending than if you had chosen KrisFlyer.
Some examples of sweet spots accessible through the Citi PremierMiles Visa are shown below:
|Turkish Airlines Miles&Smiles|
|One Way Business Class||With Miles&Smiles||With KrisFlyer|
|Singapore to Europe||45,000 miles||92,000 miles|
|Singapore to North America||67,500 miles||92,000-99,000 miles|
|Singapore to South America||75,000 miles||119,000 miles|
|With Etihad Guest||With KrisFlyer|
|Singapore to Koh Samui||10,000 miles (Business)||21,500 miles (Business)|
|Singapore to Seoul||30,000 miles (Business)||47,000 miles (Business)|
|Singapore to Colombo||28,000 miles (Business)||39,000 miles (Business)|
|Intra-Brazil||3,000-17,000 miles (Economy)||12,500 miles (Economy)|
|Intra-Europe||5,000-10,670 miles (Economy)||12,500 miles (Economy)|
|British Airways Executive Club|
|One Way Economy||With BA Executive Club||With KrisFlyer|
|Intra-Europe||4,000-13,000 miles||12,500 miles|
|Intra-Japan||6,000-9,000 miles||12,500 miles|
|Intra-Australia/Trans Tasman||6,000-13,000 miles||11,000-20,000 miles|
|Singapore to Hong Kong||11,000 miles||15,000 miles|
|Singapore to Perth||13,000 miles||20,000 miles|
Citi Miles do not expire, and can also be used to offset the cost of revenue flights and hotels via Citi’s travel portal (although for the best value, you’ll obviously want to convert them to miles).
A 1.5 mpd rate is a great opportunity to earn additional miles on general spending, and the inclusion of PayAll transactions means that anyone with rent, tax bills or education expenses should be able to hit the S$3,000 threshold.
If you don’t already have a Citi PremierMiles Visa card, signing up as a new-to-bank customer through the link below and spending $7,500 in the first 3 months after approval will get you a total of 30,000 miles. You’ll also be eligible for the 1.5 mpd promotion, even if you were approved after it began.